Why Shares of JD.com, TAL Education Group, and Pinduoduo Are Rising Today

·3 min read
Why Shares of JD.com, TAL Education Group, and Pinduoduo Are Rising Today

Despite difficult market conditions this week, several Chinese stocks continued to trade higher after some positive earnings results and bullish sentiment from Wall Street. Shares of JD.com (NASDAQ: JD) traded nearly 6.5% higher as of 1:08 p.m. ET today, shares of TAL Education Group (NYSE: TAL) traded more than 12% higher, and shares of Pinduoduo (NASDAQ: PDD) traded nearly 9% higher. Chinese stocks have not fared well over the last year, as a harsh regulatory backdrop has created lots of uncertainty and dogged the sector.

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