From Nasdaq: 2025-06-04 16:59:00

Investors holding Chinese e-commerce stock Alibaba (NYSE: BABA) saw a 4% increase in value due to the success of the 618 shopping festival in China. The event, initially created by JD.com, has seen a 283% rise in sales of subsidized categories on Alibaba’s platforms like Taobao and Tmall Group. The Chinese government’s subsidy program for home appliances and electronics has also led to a 380% surge in sales for JD.com. This trend indicates a potential boost for Chinese online retailers participating in the festival. Consider other investment options as advised by the Motley Fool Stock Advisor team.



Read more at Nasdaq: Why Alibaba Stock Was a Winner on Wednesday