Alibaba, JD.com, and Other Chinese Tech Stocks Are Soaring. Here’s Why—and Who to Thank.

 Alibaba, JD.com, and Other Chinese Tech Stocks Are Soaring. Here’s Why—and Who to Thank.

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https://www.barrons.com/articles/alibaba-jd-chinese-tech-stocks-federal-reserve-jerome-powell-51641988280


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Chinese tech stocks are soaring. Many have been looking cheap of late, and soothing words from Federal Reserve Chair Jerome Powell only fueled the dip-buying fire.

U.S.-listed shares of Alibaba (ticker: BABA) rose 3% Tuesday and were gaining another 3% in Wednesday’s premarket trading. Fellow Chinese tech giant JD.com (JD) rallied 10.3% Tuesday and the stock rose 2% before U.S. markets opened.

The…


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