Chinese stocks struggled today as investors digested earnings results and remained concerned about economic conditions in the country.

Shares of large Chinese tech conglomerate (NYSE: BABA) traded 2.7% lower as of 2:35 p.m. ET today. Meanwhile, shares of another large Chinese tech and e-commerce company, JD.com (NASDAQ: JD), traded 5.7% lower, while shares of grocery delivery company Dingdong (Cayman) Limited (NYSE: DDL) plunged nearly 18%.

Dingdong reported its first-quarter earnings results today, which included a diluted-earnings-per-share loss of $0.02 on total revenue of roughly $727.7 million. Adjusted earnings came in at breakeven and were in line with analysts' predictions, while revenue missed estimates.

Continue reading

Source Fool.com