Why Shares of Alibaba, Nio, and Baidu All Took Off Today
Several prominent Chinese stocks jumped higher today after regulators continued to signal a more relaxed regulatory approach toward Chinese tech stocks.
Shares of the large Chinese e-commerce company Alibaba (NYSE: BABA) had jumped close to 13.5% higher as of 3:05 p.m. ET today.
Meanwhile, shares of the electric carmaker Nio (NYSE: NIO) and the large search engine and artificial intelligence company Baidu (NASDAQ: BIDU) both traded nearly 11% higher.
Source Fool.com
