From “NASDAQ”:

Chinese stocks, including those with US listings, saw continued losses as the Shanghai Composite fell 2.7%, dragging down stocks on US exchanges as well. This continues ongoing concerns about China’s economy and the impact of recent real estate and population declines. Alibaba, JD.com, and PDD Holdings were all affected, with significant losses.

The ongoing struggle for Chinese stocks comes from a variety of factors, including lower-than-expected GDP growth in 2023, the shrinking population, diminished consumer demand, and a stagnating real estate market. Both Alibaba and JD.com have seen significant stock declines, with disappointing revenue growth compounding their losses. PDD Holdings, however, has seen substantial increases, with 94% revenue growth and strong profit margins.

Flight away from Chinese stocks is on the rise, with investors shifting their focus to Japan. Market conditions have left stocks like Alibaba and JD.com significantly undervalued, making them appealing to investors. Pinduoduo remains the most viable choice, with strong growth and exposure to international markets. The Motley Fool suggests a diverse investment strategy and recommends seeking other stocks for better returns.



Read more: Why Alibaba, JD.com, and PDD Holdings Stocks Were All Falling Again Today