Alibaba, JD.com, Pinduoduo shares post strong rallies after rough stretch for China internet stocks


Source: marketwatch.com marketwatch.com

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U.S.-listed shares of Chinese internet stocks are rallying sharply Tuesday after coming under pressure in recent weeks amid concerns about the potential for increased regulation. U.S.-listed shares of Alibaba Group Ltd. BABA, +7.57% are up 6.3% in Tuesday trading, building on their 2% gain on Monday, which came after eight straight sessions of declines amid regulatory fears . Alibaba shares are on track for their largest single-day percentage increase since April 12, when the shares rose 9.3%. Shares of JD.com Inc. JD, +12.03% are up 12.0%, and on track for their best single-day percentage performance since March 2, 2020, when...