China E-Commerce Stocks Sink While Baidu Climbs 4%: Alibaba Falls 4%, PDD Holdings Declines 3%
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The post China E-Commerce Stocks Sink While Baidu Climbs 4%: Alibaba Falls 4%, PDD Holdings Declines 3% appeared first on 24/7 Wall St..
China’s large-cap internet names are splitting sharply Thursday, with the group’s three e-commerce heavyweights slipping while Baidu (NASDAQ:BIDU), the AI-focused peer, is climbing higher on a firm session for U.S. equities. Alibaba Group (NYSE:BABA) stock is down 4% to $115.31, while Baidu stock is up 4% to $96.61 in midday trading.
Meanwhile, PDD
China’s large-cap internet names are splitting sharply Thursday, with the group’s three e-commerce heavyweights slipping while Baidu (NASDAQ:BIDU), the AI-focused peer, is climbing higher on a firm session for U.S. equities. Alibaba Group (NYSE:BABA) stock is down 4% to $115.31, while Baidu stock is up 4% to $96.61 in midday trading.
Meanwhile, PDD
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