Alibaba Stock And China Tech Firms JD, PDD Push Higher On New Stimulus

By Investor's Business Daily | Sep 26, 2024 at 12:08 PM EST

China tech stocks surged as China's central bank announced stimulus measures, including interest rate cuts. This boosted companies like Alibaba and JD.com, with stocks rising significantly. Other tech firms like Baidu, PDD, and Trip.com also saw gains, signaling a positive trend in the Chinese tech market.

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