DIDI - JD.com Didi stand out among Chinese tech stocks ahead of the weekend

September, 03 2021 10:17 AM DiDi Global Inc. American Depositary Shares (each four representing one Class A)

Chinese tech stocks put in a mild performance in early trading Friday following a big acquisition involving JD.com (JD -0.8%) as Wall Street had its eyes on the Labor Day weekend ahead. Before the market opened, JD (NASDAQ:JD) subsidiary JD Property said it reached a deal to acquire China Logistics Property Holdings for $2.1 billion. JD, one of China's biggest e-commerce companies, is seen as making the deal in order to improve and build up its own delivery infrastructure operations. JD (JD) shares were off by less than 1% following the China Logistics acquisition announcement. Among other notable Chinese stocks, Alibaba (NYSE:BABA) shares slipped by 0.7%, and JOYY (NASDAQ:YY) was down by 1.4%. The KraneShares CSI China Internet ETF (NYSEARCA:KWEB) remained near its breakeven line. Gainers included Bilibili (NASDAQ:BILI), Baidu (NASDAQ:BIDU) and Weibo (NASDAQ:WB). Didi Global (NYSE:DIDI) climbed by more than 6% following a report that the city government of

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JD.com, Didi stand out among Chinese tech stocks ahead of the weekend

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

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