Chinese stimulus package may benefit Baidu, Alibaba, and JD.com, offering investment opportunities.

From Nasdaq: 2024-09-28 11:15:00

The Chinese government is taking measures to stimulate the economy, including reducing banks’ required reserve ratios and interest rates. Companies like Baidu, Alibaba, and JD.com may benefit from these actions. Baidu, similar to Alphabet, saw online ad revenue decline in the second quarter but is focused on transforming its search platform with generative AI. Alibaba, akin to Amazon, has been struggling with competition and a weak economy. JD.com, an e-commerce and logistics company, has seen flat revenue growth due to a weak consumer market. All three companies are trading at low valuations and could offer investment opportunities.



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