BABA - Alibaba Chinese tech stocks jump as Beijing considers giving US full access: report

Alibaba (NYSE:BABA), JD.com (JD), DiDi Global (DIDI) and several other Chinese tech companies listed on U.S. exchanges soared on Friday after Bloomberg reported that Chinese authorities were making plans to give U.S. auditors full access to the firms' as soon as the middle of this year. The news outlet reported that the China Securities Regulatory Commission and other regulators are working on creating a framework that would let Chinese firms keep their U.S. listings. However, some state-owned enterprises and private companies that have "sensitive" data are likely to be delisted, Bloomberg added, citing people familiar with the process. Alibaba (BABA) shares soared more than 7% to $116.48 in premarket trading. JD.com (JD) gained more than 6% to $61.44, while Baidu (BIDU) rose nearly 9% to $143.90. Other stocks, such as DiDi Global (DIDI), Pindudo (PDD), Kingsoft Cloud (KC), Huya (HUYA), DouYu (DOYU), Dada Nexus (DADA), Baozun (BZUN), Bilibili (BILI), KE Holdings (BEKE), Joyy (YY),

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Alibaba, Chinese tech stocks jump as Beijing considers giving US full access: report