PDD - Why Shares of Alibaba PDD and Zai Lab Are Rising Today
2023-05-22 11:11:09 ET
Shares of several Chinese stocks moved higher today on Wall Street bullishness and after more positive comments made by President Joe Biden recently on U.S.-China relations.
Shares of the large tech conglomerate Alibaba Group (NYSE: BABA) traded more than 3% higher as of 10:50 a.m. ET today.
Meanwhile, shares of the online agricultural e-commerce company PDD (NASDAQ: PDD) traded nearly 5.5% higher, while shares of the Chinese biopharmaceutical company Zai Lab (NASDAQ: ZLAB) were up more than 8%.
For further details see:
Why Shares of Alibaba, PDD, and Zai Lab Are Rising Today