What's Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday?
Alibaba Group Holding (NYSE:BABA), the China tech industry barometer, is trading higher, marking its third week of gains as investors anticipate more upcoming stimulus, SCMP reports. Alibaba’s e-commerce rivals, including PDD Holdings Inc. (NASDAQ:PDD), JD.com, Inc. (NASDAQ:JD), and Baidu, Inc. (NASDAQ:BIDU), saw gains on Friday. In September, China’s central bank shared plans to slash banks’ reserve requirement ratio (RRR) by 50 basis points or half a percentage point and reduce the seven-day r