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June 8, 2022, 7:58 a.m. EDT

DiDi, Nio, Alibaba stocks surge, amid signs China's regulatory hold on tech continues to ease

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By Tomi Kilgore

The U.S.-listed shares of China-based companies enjoyed a broad rally Wednesday, after China regulators released a list of 60 online games that were approved , another sign of easing of the regulatory crackdown on the country's technology sector. The Invesco Golden Dragon China ETF /zigman2/quotes/207362625/composite PGJ -0.61% was indicated up more than 2% in premarket trading Wednesday, with the bulk of its components gaining ground. Among the ETF's (PGJ) more-active members, shares of Nio Inc. /zigman2/quotes/204905836/composite NIO -4.36% climbed 3.7%, Alibaba Group Holding Ltd. /zigman2/quotes/201948298/composite BABA +0.45% rallied 4.0%, Pinduoduo Inc. /zigman2/quotes/208876581/composite PDD -0.39% hiked up 4.2% and Bilibili Inc. /zigman2/quotes/207131615/composite BILI -1.47% advanced 8.2%. Shares of mobile games developer NetEase Inc. /zigman2/quotes/201683625/composite NTES +0.74% gained 3.4%, even though the list of approved games didn't include one from the company. Ride hailing company DiDi Global Inc.'s stock , which isn't a PGJ component, surged 4.9%. On Monday, DiDi shares had soared 24.3% after The Wall Street Journal reported regulators let the company add new users. The PGJ has jumped 10.4% over the past three months through Tuesday but was still down 15.4% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.07% has slipped 0.2% the past three months and has lost 12.7% this year.

/zigman2/quotes/207362625/composite
US : U.S.: Nasdaq
$ 26.69
-0.16 -0.61%
Volume: 19,562
Oct. 5, 2022 2:53p
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 16.00
-0.73 -4.36%
Volume: 32.95M
Oct. 5, 2022 2:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$29.95 billion
Rev. per Employee
N/A
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/zigman2/quotes/201948298/composite
US : U.S.: NYSE
$ 84.49
+0.38 +0.45%
Volume: 10.84M
Oct. 5, 2022 2:59p
P/E Ratio
46.51
Dividend Yield
N/A
Market Cap
$209.51 billion
Rev. per Employee
$518,515
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/zigman2/quotes/208876581/composite
US : U.S.: Nasdaq
$ 66.21
-0.26 -0.39%
Volume: 5.19M
Oct. 5, 2022 2:59p
P/E Ratio
30.91
Dividend Yield
N/A
Market Cap
$83.31 billion
Rev. per Employee
$1.65M
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/zigman2/quotes/207131615/composite
US : U.S.: Nasdaq
$ 16.75
-0.25 -1.47%
Volume: 3.12M
Oct. 5, 2022 2:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.84 billion
Rev. per Employee
$264,429
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/zigman2/quotes/201683625/composite
US : U.S.: Nasdaq
$ 80.51
+0.59 +0.74%
Volume: 566,561
Oct. 5, 2022 2:58p
P/E Ratio
18.60
Dividend Yield
1.62%
Market Cap
$49.22 billion
Rev. per Employee
$450,820
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/zigman2/quotes/210599714/realtime
US : S&P US
3,788.22
-2.71 -0.07%
Volume: 2.22B
Oct. 5, 2022 2:59p
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