alibaba-stock-is-rallying-after-china-moves-to-ease-lockdown-measures

Alibaba Stock Is Rallying After China Moves to Ease Lockdown Measures

Shares in Alibaba, JD.com, NIO, and other Chinese companies surged on Monday following news that Covid-19 lockdown measures that have spurred a slowdown in the world’s second-largest economy would be eased.

U.S. markets are closed Monday in observance of Memorial Day, but Alibaba’s (ticker: BABA) Hong Kong-listed stock surged 4.3%. The Asian-listed shares of e-commerce peer JD.com (JD) gained 6.9%, with electric-car maker NIO (NIO) up 5.4% in Hong Kong trading.

Shanghai…

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