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0.000249875062468716 0.000249875062468716 0.00124937531234376 -0.000249875062468716 0.0022488755622188 -0.00249875062468769 -0.00149925037481265 -0.00274862568715641
Stock impact report

Some of China's biggest e-commerce sites are already hurting badly from a new US rule [Yahoo! Finance]

JD.com, Inc. - American Depositary Shares (JD) 
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
Company Research Source: Yahoo! Finance
There were 1.36 billion de minimis shipments into the US last year, up from 139 million in 2015. Investors pulled out of some of China's biggest e-commerce companies after US President Donald Trump signed an executive order targeting low-value packages on Wednesday. The announcement sent shares of PDD Holdings — the owner of Temu — plunging 6% in after-hours trade on Nasdaq. The stock closed 2.6% lower at $119.07 apiece on Wednesday. Shares of Alibaba — which operates AliExpress — slumped 5.1% in after-hours trade in the US. Its Hong Kong-listed stock was down 5% by 11:15 a.m. local time. Shares of JD.com in Hong Kong tumbled 4.7%. Trump's order ends de minimis tariff exemptions for packages up to $800 from China and Hong Kong on May 2. The removal of the de minimis rule is a blow to Chinese e-commerce companies that have thrived on shipping low-value packages directly to US consumers. The White House said Trump is targeting "deceptive shipping practices by Chinese-based Show less Read more
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