Shares of several China-based stocks including Alibaba Group Holding Ltd (NYSE: BABA), Baidu Inc (NASDAQ: BIDU) and DiDi Global Inc (NYSE: DIDI) are trading higher Tuesday after data showed that China’s exports jumped 25.6% year over year in August, beating expectations of 17.1%.
The data showed increasing overseas demand for cars, electronics and consumer goods.
Alibaba is an online and mobile commerce company that operates China’s most-visited online marketplaces.
Baidu operates the largest internet search engine in China.
DiDi Global is a mobility technology platform that focuses on shared mobility, auto solutions, electric mobility and autonomous driving.
BABA, BIDU, DIDI Price Action: Alibaba was up 2.63% at $174.78, Baidu was up 2.75% at $167.45 and DiDi Global was up 3.49% at $9.33 at time of publication.
Photo: StockSnap from Pixabay.
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