What's Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday? [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
Alibaba's e-commerce rivals, including PDD Holdings Inc. (NASDAQ: PDD JD.com, Inc. (NASDAQ: JD ), and Baidu, Inc. (NASDAQ: BIDU ), saw gains on Friday. In September, China's central bank shared plans to slash banks' reserve requirement ratio (RRR) by 50 basis points or half a percentage point and reduce the seven-day reverse repurchase rate to 1.5% from 1.7% to spur domestic spending. Additionally, China agreed to let homeowners refinance mortgages. Also Read: Alibaba and JD.com Battle for Hong Kong Shoppers, Stocks Slide After Stimulus Rally John Choi of Daiwa Securities told the SCMP that stocks are trading below their three- and five-year averages. He expects e-commerce companies to be the key beneficiaries of further stimulus measures. China's stimulus package on September 24 restored over $3 trillion in market value to Chinese stocks in Hong Kong, Shanghai, Shenzhen, and New York, SCMP cites Bloomberg data. Alibaba stock gained 37% in the last 30 days. JD is up over 66
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