$Alibaba(BABA)$ $Baidu(BIDU)$ $iQiyi Inc.(IQ)$ $JD.com(JD)$ While these companies have faced challenges in the past, their recent stock price movements and the positive factors driving them are painting a promising picture with upward trend, marked by higher highs and higher lows, which may be a sign of enewed optimism for China's tech sector.
While higher highs and lower lows are inherent to any market, the current trend suggests a confluence of positive factors propelling these tech giants forward.
It could also reflects a broader wave of optimism towards the Chinese economy with the Chinese government's recent policy shifts towards supporting the tech sector and stimulating economic growth may have instilled confidence in investors.
$Bilibili Inc.(BILI)$
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Comments
If this is true then the Chinese mkt will remain slump for a long time to come because no amount of local demand is going to be able to prop it back to the old, high levels.
Great ariticle, would you like to share it?