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.

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Source Fool.com