For those who wonder what happened today, basically Chinese government said they will stimulate consumer consumption and also reduced some income taxes.
https://www.benzinga.com/trading-ideas/movers/21/12/24832263/why-alibaba-shares-are-rising
Hot Chinese ADRs Rallied in Morning Trading
Hot Chinese ADRs rallied in morning trading. Alibaba,JD.com,Pinduoduo,Baidu,NetEase,Nio,Xpeng Motors
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- keepcalm·2021-12-31If the stock price falls too much, it will go up. I am optimistic about the market performance of Chinese stocks in 2022.1举报
- maroketo·2021-12-31It is good news for all of us. Happy new year1举报