China Securities has continued to rebound for nearly half a month. As of June 8, Pinduoduo had accumulated a cumulative increase of more than 75% in ten trading days, recovering strongly from its decline during the year; during the same period, Alibaba and Jingdong had accumulated gains of more than 45% and 34%, respectively.
Meanwhile, many Wall Street investment bank analysts, including J.P. Morgan Chase and Bank of America, have recently issued a series of positive forecasts, and are optimistic about the future direction of the Chinese stock market.
Editor/Corrine, Somer