DIDI - Alibaba JD.com Baidu slump as Chinese stocks plunge on COVID worries

April, 25 2022 07:14 AM DiDi Global Inc. American Depositary Shares (each four representing one Class A)

Alibaba (NYSE:BABA), JD.com (NASDAQ:JD), Baidu (NASDAQ:BIDU) and a number of other Chinese tech stocks slumped early Monday after China's zero COVID policy became stricter, further intensifying lockdown's in the world's most populous country and sending markets spiraling around the world. The CSI 300 Index fell nearly 5% on Monday, bringing the year-to-date decline to more than 22%, as China ordered more testing near Beijing and further locked down areas of the capital due to rising COVID-19 cases. It's likely that more cases will appear over the next several days, further adding to investors' woes. Alibaba (BABA), JD.com (JD) and Baidu (BIDU) all saw declines of at least 2.5%, led by Baidu's slump of nearly 5% in premarket trading. Other Chinese internet stocks, such as Pinduoduo (PDD), Bilibili (BILI), NetEase (NTES), Kingsoft Cloud (KC) and DiDi Global (DIDI) also declined between 2% and 5%. Alibaba (BABA) and other Chinese tech stocks have also had to deal with

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Alibaba, JD.com, Baidu slump as Chinese stocks plunge on COVID worries

Company Name:	DiDi Global Inc. American Depositary Shares (each four representing one Class A)
Stock Symbol:	DIDI
Market:	NYSE

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