News Snapshot:
Chinese President Xi Jinping (R) with Premier Li Keqiang (L) and members of the Politburo Standing Committee in September 2021. Greg Baker/AFP via Getty Images) Alibaba and JD.com jumped Friday as Chinese officials said they would bolster the economy. China's Politburo signaled support for the tech sector, which has been the subject of a clampdown by officials. Advertisement US-listed shares of Alibaba and other Chinese tech stocks jumped Friday after the Chinese government suggested it will dial back its crackdown on the sector and pledged further stimulus efforts as the country faces its slowest growth in three decades. E-commerce behemoth...
