Alibaba, JD, Baidu Shares Slide as Fresh Data Fuels Concerns Over China’s Economic Recovery
Shares of major Chinese technology companies came under pressure on Monday after new economic data pointed to a further slowdown in China’s recovery. Alibaba Group, JD.com, and Baidu all saw their U.S.-listed shares retreat as investors digested weaker-than-expected retail sales figures, raising fresh concerns about consumer demand in the world’s second-largest economy. According to data […]