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Two Reasons Why Alibaba and JD.com Are Soaring and Outperforming Other Tech Stocks

It’s a good day for Chinese tech stocks.

While the wider U.S.-listed tech sector is poised for a rebound Thursday—after the heavily tech-weighted Nasdaq index fell into correction territory Wednesday—the likes of Alibaba and JD.com are outperforming.

Futures for the Nasdaq 100, which tracks the largest constituents in the Nasdaq Composite,…

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