Why Alibaba And Other Chinese Stocks Are Trading Higher Today?


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


  • A collective outcry from people across China against its Covid controls led to partial redemption from China’s government and its leader, Xi Jinping.
  • Nationwide protests translated into gradual ease in restrictions signaling toward possible economic reopening as it treaded into the fourth year of the pandemic, CNN reports.
  • Since last week, more than 20 cities, including the major metropolises of Beijing, Shanghai, Shenzhen, Wuhan, and Chengdu, scrapped the requirements for negative Covid tests on public transport. 
  • And some residential compounds now allow infected residents with special needs to quarantine at home, a significant relief from centralized quarantines.
  • China’s top health official signaled a change in strategy on Wednesday.
  • An EU official said the Chinese leader had acknowledged people were frustrated and suggested China was open to relaxing its Covid rules after Xi shared his thoughts on the issue with the visiting European Council President.
  • Price Actions: E-commerce giant and barometer of the Chinese tech industry Alibaba Group Holding Limited (NYSE:BABA) shares traded higher by 4.44% at $94.06 in the premarket on the last check Monday.
  • Baidu, Inc (NASDAQ: BIDU) shares traded higher by 5.15% at $119.66, Bilibili Inc (NASDAQ: BILI) shares traded higher by 16.7% at $23.12, GDS Holdings Limited (NASDAQ: GDS) shares traded higher by 10.6% at $19.05, IQIYI, Inc (NASDAQ: IQ) shares traded higher by 7.53% at $3.59
  • Photo by Kurious from Pixabay

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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