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Barchart
Barchart
Rich Asplund

Alibaba Split Boosts Optimism in Chinese Tech Stocks

BABA Alibaba Alibaba Group Holding China JPMorgan JPMorgan Chase

Today’s announcement by Alibaba Group Holding (BABA) that it will split its $220 billion business into six main units encompassing e-commerce, media, and the cloud is another factor that may extend the recent rally in Chinese technology stocks.

In addition, mostly better-than-expected earnings results from China’s mega-cap technology stocks and signs of a more relaxed regulatory environment have improved market sentiment and may help sustain the recent rally in Chinese technology stocks. 

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