From Nasdaq:

China stocks took a hit as a result of weak economic data, Chinese government interventions, and ongoing regulatory concerns, causing widespread falls across the sector. JD.com (NASDAQ: JD), PDD Holdings (NASDAQ: PDD), and Baidu (NASDAQ: BIDU) all saw significant losses during the month, down 22%, 13.3%, and 11.6% respectively. The iShares MSCI China ETF (NASDAQ: MCHI) also finished the month down 10.3%, indicating broad losses among China stocks.

These significant losses were driven by a combination of weak economic data, interventions by the Chinese government to prevent selling stocks, and ongoing regulatory concerns. JD.com suffered as the worst performer, with founder Richard Liu acknowledging the company’s inefficiencies. PDD Holdings saw an initial rise, followed by a decline, driven by analyst reports on the company’s international market success. Finally, Baidu stock fell after questions around its AI platform’s military link. With a decline in Apple sales in China, the outlook for China stocks remains challenging, and broad economic malaise is expected.

However, despite this, PDD Holdings continues to show promise due to its rapid growth, making it a potential investment in the Chinese stock sector.



Read more: Why JD.com, PDD Holdings, and Baidu Stocks All Fell Double Digits in January