U.S.-Listed Chinese Stocks Soar After Record Singles’ Day Sales

Bloomberg2021-11-12

(Bloomberg) -- Shares of Chinese companies listed in the U.S. are rallying Thursday amid investor optimism after blowout Singles’ Day sales and a report that Didi Global Inc. is getting ready to ...

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精彩评论

troedas
2021-11-12
troedas
Beautiful
Howrich
2021-11-12
Howrich
Good sign for all these company[Happy]
56a3dd2f
2021-11-12
56a3dd2f
Could Singles Day be the catalyst for china tech reversal? It's about time, isn't it 😉
- YYKTAN:
  latest
Tonica
2021-11-12
Tonica
It will
- troedas:
  yeah
Visionaire91
2021-11-12
Visionaire91
Gooo jdd
- IBS002:
  Yes
Richpig
2021-11-12
Richpig
yes yes
- ZhiLing:
  nice

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A report that ride-hailing company Didi Global is getting ready to launch its apps in China by the end of the year also gave stocks mired in Beijing’s regulatory clampdown earlier this year a boost.\nRead more: Alibaba Singles’ Day Posts Record 540.3 Billion Yuan in Sales\nAlibaba gained as much as 3.5%, while other tech stocks like JD.com Inc. soared 8.3% and Pinduoduo Inc. rallied 7.7%. Didi’s shares fluctuated between gains and losses Thursday.\n“The solid Singles’ Day performance alleviates some recent concerns around weakness in consumption trends in China,” said Barclays analyst Jiong Shao in an email. “The group has been under a lot of pressure since earlier this year with many stock prices having been cut in half or more. 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It's about time, isn't it 😉","listText":"Could Singles Day be the catalyst for china tech reversal? It's about time, isn't it 😉","text":"Could Singles Day be the catalyst for china tech reversal? 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