Chinese securities are rallying in the stock market today as government regulators took further measures to prop up China’s markets. Here’s a look at four e-commerce stocks listed in the U.S. that are rebounding: JD.com (JD), Alibaba Group Holding (BABA), 58.com (WUBA) and Vipshop Holdings (VIPS). JD.com gapped up 8.5% in quick turnover, erasing the majority of its losses from the last four sessions that had the stock testing its 200-day line. JD
Several notable Chinese stocks were able to pare big losses Tuesday as the market rallied in the afternoon: Alibaba (BABA), Cheetah Mobile (CMCM), NetEase (NTES) and 58.com (WUBA). Alibaba fell as much as 5% in quick trade on the stock market today, hitting a new all-time trading low. Shares closed the session down a fraction. The e-commerce giant is trading 33% below its high of 120 reached last November. Cheetah Mobile also tested its 200-day
SoftBank, owner of Sprint (S), will remain acquisitive as it seeks growth outside of Japan and leverages its stake in Alibaba, says Moody’s Investor Service, which will include Sprint in future SoftBank credit ratings. Moody’s maintained its junk rating on SoftBank debt. SoftBank owns a large stake in Chinese e-commerce giant Alibaba (BABA), which went public in 2014. In a change, Moody’s said it will include Sprint in its assessment of SoftBank’s