Alibaba, JD Keep Up China Stimulus Rally; PDD Recovers From Earnings Slide

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Alibaba, JD Keep Up China Stimulus Rally; PDD Recovers From Earnings Slide

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U.S.-listed China tech stocks are rallying again Wednesday, helped by strong optimism that government stimulus will boost the Chinese economy. Alibaba (BABA) stock, JD.com (JD) and Baidu (BIDU) are ...

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Alibaba (BABA) stock, JD.com (JD) and Baidu (BIDU) are ...</p>\n\n<a href=\"https://www.investors.com/news/technology/alibaba-stock-jd-stock-pdd-stock-china-stimulus-rally/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba, JD Keep Up China Stimulus Rally; PDD Recovers From Earnings Slide</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba, JD Keep Up China Stimulus Rally; PDD Recovers From Earnings Slide\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-02 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/alibaba-stock-jd-stock-pdd-stock-china-stimulus-rally/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S.-listed China tech stocks are rallying again Wednesday, helped by strong optimism that government stimulus will boost the Chinese economy. Alibaba (BABA) stock, JD.com (JD) and Baidu (BIDU) are ...</p>\n\n<a href=\"https://www.investors.com/news/technology/alibaba-stock-jd-stock-pdd-stock-china-stimulus-rally/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JD","symbol_name":"京东","start_time":0,"source_url":"https://www.investors.com/news/technology/alibaba-stock-jd-stock-pdd-stock-china-stimulus-rally/","article_id":"2472573780","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2017/11/stock-alibaba-08-shutter-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472573780","pubTimestamp":1727882188,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Alibaba stock and shares of rival JD.com extended their rallies Wednesday, helped by optimism about Chinese economic stimulus.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"JD":"京东","PDD":"拼多多","TCEHY":"腾讯控股ADR","BABA":"阿里巴巴","03650":"KEEP","09988":"阿里巴巴-W","BIDU":"百度"},"translate_title":"阿里巴巴、京东继续中国经济刺激反弹；拼多多从盈利下滑中恢复过来","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03650":1,"09988":1,"BABA":1,"JD":1,"PDD":0.8,"BIDU":0.7,"TCEHY":0.6},"content_text":"U.S.-listed China tech stocks are rallying again Wednesday, helped by strong optimism that government stimulus will boost the Chinese economy. Alibaba (BABA) stock, JD.com (JD) and Baidu (BIDU) are each up in heavy trading volume.\nAmerican depositary receipts for China's largest tech firms jumped last week, after the country's central bank announced plans to cut interest rates, among other measures. Economists described the plans as China's most forceful stimulus efforts since it ended its zero Covid policy in late 2022. Optimism about the plan has carried into a new week for previously beaten-down China tech stocks.\nShares of e-commerce and cloud computing giant Alibaba stock were last up a fraction, after rallying more than 1% on the stock market today. Shares are up 7% this week after a 21% jump last week. Meanwhile, shares of Alibaba's e-commerce rival JD.com are up more than 3% at 44.35. U.S..-listed JD stock rocketed 40% last week and is up 12% so far this week.\n\n\n\n↑\nX\n\n\n\n\nIndexes Cut Losses After Iran Attack; CBOE, Ryan Specialty, AeroVironment In Focus\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nIndexes Cut Losses After Iran Attack; CBOE, Ryan Specialty, AeroVironment In Focus\n\n\n\n\nAlibaba Stock Near Two-Year High\nOn Sunday, the Chinese government said that it would allow homebuyers to refinance their mortgages in a step it hopes will boost the country's property sector slowdown. The news helped extend the rally for Chinese stocks into a new week.\nAlibaba stock is now trading at levels not seen since January 2023. JD stock is at its highest point since March 2023. The stocks are still well below record highs seen in late 2020 and early 2021, respectively. Both Alibaba and JD have struggled amid slowing consumer spending and increased competition from discount retailers such as PDD Holdings (PDD)-owned Pinduoduo\n\nAlso up Wednesday was Chinese internet search giant Baidu (BIDU). Baidu stock gained more than 2% at 113.23, its highest point since May. Shares gained 22% last week and are ahead 7% so far this week.\nPDD Stock Eyes Buy Point\nMeanwhile, PDD stock is up more than 4% at 152.35. Shares of the Pinduoduo and Temu parent company sank 28% following PDD's second quarter earnings report in late August. The recent rally has made up for that loss and has PDD stock approaching a 52-week high from May.\nPDD stock has formed a consolidation pattern with a buy point of 164.69, according to MarketSurge pattern recognition.\n\nElsewhere, shares of WeChat parent company Tencent (TCEHY) are up 5% at 60.04 in recent action. Tencent stock is listed in Hong Kong and trades over-the-counter in the U.S. Shares gained 13% last week and are up 7% this week.\nYOU MAY ALSO LIKE:\nBest Chinese Stocks To Buy And Watch\nChina Stocks Surge On More Beijing Stimulus; CAT Hits New High\nIBD Live: Learn And Analyze Growth Stocks With The Pros\nGet Timely Buy & Sell Alerts With IBD Leaderboard\nAlibaba Stock Adds To Gains, JD Breaks Out On Latest Stimulus Reports","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Economic Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}