Here's Why Chinese Tech Stocks Made Big Gains Today

What happened

Chinese tech stocks made big gains in today’s trading. E-commerce industry giants Alibaba (NYSE:BABA) and (NASDAQ:JD) surged 6.9% and 14.5%, respectively, according to data from S&P Global Market Intelligence. And they weren’t the only big Chinese tech names posting impressive momentum.

BILI Chart

BILI data by YCharts

After a battering of sell-offs driven by regulatory concerns over the past month, investors are suddenly showing an increased appetite for beaten-down Chinese tech names. Bilibili (NASDAQ:BILI), Full Truck Alliance (NYSE:YMM), KE Holdings (NYSE:BEKE), 360 DigiTech (NASDAQ:QFIN), Tencent Music Entertainment Group, and Vipshop Holdings all managed to post double-digit stock rallies in Tuesday’s trading.

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