- Chinese people are excited about the big shopping day called Singles' Day
- Big companies in China like Alibaba, JD.com, and PDD are getting ready to sell lots of things with big discounts
- Investors are watching how this works out and how much money people spend
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Alibaba and other Chinese stocks saw volatility as fiscal stimulus failed to meet expectations.
Alibaba, JD.com, and PDD launched Singles' Day promotions amidst stimulus talks, offering major discounts.
Alibaba and other Chinese stocks listed in the U.S. continued to see a volatile session Tuesday as the fiscal stimulus by China failed to impress investors.
China's economy has been battling weak growth, further escalated the domestic crackdown on the hyperscalars.
As the Chinese companies started recuperating from the crackdown, the U.S. launched its semiconductor sanctions on the country, depriving it of advanced artificial intelligence technology and reducing its dependence on the country by consolidating its semiconductor base.
Alibaba Group Holding BABA and other Chinese e-commerce stocks listed in the U.S. continued to see a volatile session Tuesday as the fiscal stimulus by China failed to impress investors.
China's economy has been battling weak growth, further escalated the domestic crackdown on the hyperscalars.
As the Chinese companies started recuperating from the crackdown, the U.S. launched its semiconductor sanctions on the country, depriving it of advanced artificial intelligence technology and reducing its dependence on the country by consolidating its semiconductor base.
Alibaba Group Holding BABA and other Chinese e-commerce stocks listed in the U.S. continued to see a volatile session Tuesday as the fiscal stimulus by China failed to impress investors.
China's economy has been battling weak growth, further escalated the domestic crackdown on the hyperscalars.
As the Chinese companies started recuperating from the crackdown, the U.S. launched its semiconductor sanctions on the country, depriving it of advanced artificial intelligence technology and reducing its dependence on the country by consolidating its semiconductor base.
Alibaba, JD.com, and PDD have officially started their promotions for the upcoming Singles' Day shopping festival as the stimulus reports do the rounds.
The annual festival, which takes place on November 11, launched earlier than previous years in 2024, SCMP reports.
Alibaba launched its presale event on October 16, with at least 50% discounts and free nationwide shipping available across its platforms. JD.com and PDD have also rolled out their Singles' Day promotions on the same day.
Alibaba has committed over $
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