Chinese securities are rallying in the stock market today as government regulators took further measures to prop up China’s markets. Here’s a look at four e-commerce stocks listed in the U.S. that are rebounding: JD.com (JD), Alibaba Group Holding (BABA), 58.com (WUBA) and Vipshop Holdings (VIPS). JD.com gapped up 8.5% in quick turnover, erasing the majority of its losses from the last four sessions that had the stock testing its 200-day line. JD
Several notable Chinese stocks were able to pare big losses Tuesday as the market rallied in the afternoon: Alibaba (BABA), Cheetah Mobile (CMCM), NetEase (NTES) and 58.com (WUBA). Alibaba fell as much as 5% in quick trade on the stock market today, hitting a new all-time trading low. Shares closed the session down a fraction. The e-commerce giant is trading 33% below its high of 120 reached last November. Cheetah Mobile also tested its 200-day
Chinese classified ad site 58.com (WUBA) — nicknamed the “Craigslist of China” — will see its mobile services and user base grow thanks to a new partnership with China Internet giant Tencent Holdings (TCEHY), says an analyst report out Monday. “Tencent’s increasing investments in (58.com) highlight (58.com’s) unique value in the China Internet space. Going forward, we believe the Tencent partnership should help 58.com further penetrate into mobile