The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Alibaba, JD.com, Pinduoduo shares post strong rallies after rough stretch for China internet stocks

News Snapshot:

U.S.-listed shares of Chinese internet stocks are rallying sharply Tuesday after coming under pressure in recent weeks amid concerns about the potential for increased regulation. U.S.-listed shares of Alibaba Group Ltd. BABA, are up 6.3% in Tuesday trading, building on their 2% gain on Monday, which came after eight straight sessions of declines amid regulatory fears. Alibaba shares are on track for their largest single-day percentage increase since April 12, when the shares rose 9.3%. Shares of JD.com Inc. JD, are up 12.0%, and on track for their best single-day percentage performance since March 2, 2020, when the shares rallied…

Other China Tech Buzz: