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Alibaba, Baidu Jump in US as China Vows Support for Tech

BloombergBy insights@mscience.com May 17, 2022

Chinese internet stocks jumped in US trading after a senior Communist Party official reaffirmed support for the industry, stoking optimism that regulators may ease a yearlong clampdown. The Nasdaq Golden Dragon China Index climbed 5.2% to its highest level in about two weeks. E-commerce giant Alibaba Group Holding Ltd. rose 6.4% while search engine operator…

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Alibaba, Didi Fuel $80 Billion Rally for Chinese Stocks in U.S.

BNN BloombergBy insights@mscience.com April 4, 2022

Alibaba Group Holding Ltd. and Didi Global Inc. rallied for a second day, adding $80 billion in value to U.S. listed Chinese stocks as fears of potential delistings eased. The Nasdaq Golden Dragon China Index jumped as much as 6.1% Monday, adding to Friday’s climb after Beijing regulators published revised draft rules scrapping requirements that…

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