{"id":962,"date":"2024-07-04T20:53:09","date_gmt":"2024-07-04T20:53:09","guid":{"rendered":"https:\/\/www.yellowfalconmedia.com\/blog\/2024\/07\/04\/whats-going-on-with-chinese-e-commerce-stocks-alibaba-pdd-and-more-on-thursday-alibaba-gr-hldgs-nyse-benzinga\/"},"modified":"2024-07-04T20:53:09","modified_gmt":"2024-07-04T20:53:09","slug":"whats-going-on-with-chinese-e-commerce-stocks-alibaba-pdd-and-more-on-thursday-alibaba-gr-hldgs-nyse-benzinga","status":"publish","type":"post","link":"https:\/\/www.yellowfalconmedia.com\/blog\/2024\/07\/04\/whats-going-on-with-chinese-e-commerce-stocks-alibaba-pdd-and-more-on-thursday-alibaba-gr-hldgs-nyse-benzinga\/","title":{"rendered":"What&#039;s Going On With Chinese E-Commerce Stocks Alibaba, PDD And More On Thursday? &#8211; Alibaba Gr Hldgs (NYSE &#8230; &#8211; Benzinga"},"content":{"rendered":"<p><strong>Amazon.Com Inc<\/strong> <span class=\"ticker\" data-ticker=\"AMZN\" data-exchange=\"NASDAQ\" style=\"display:inline-block\">AMZN<\/span> is set to launch a new section on its website dedicated to affordable fashion and lifestyle items, enabling Chinese sellers to ship directly <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/news\/24\/06\/39509886\/amazon-stock-is-hitting-new-all-time-highs-wednesday-whats-going-on\" rel=\"noreferrer noopener\">to U.S. consumers<\/a>.<br \/>The storefront marks Amazon\u2019s boldest move yet to counter rising competition from e-commerce platforms <strong>PDD Holdings Inc<\/strong> <span class=\"ticker\" data-ticker=\"PDD\" data-exchange=\"NASDAQ\" style=\"display:inline-block\">PDD<\/span> Temu and Shein.<br \/>Chinese e-commerce stocks, ranging from <strong>Alibaba Group Holding <\/strong><span class=\"ticker\" data-ticker=\"BABA\" data-exchange=\"NYSE\" style=\"display:inline-block\">BABA<\/span> to <strong>JD.Com, Inc <\/strong><span class=\"ticker\" data-ticker=\"JD\" data-exchange=\"NASDAQ\" style=\"display:inline-block\">JD<\/span> to PDD, are trading lower Thursday.<br \/><strong><em>Also Read:<\/em><\/strong><em> <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/news\/24\/04\/38024676\/alibaba-clouds-livestream-event-draws-millions-sparks-cloud-computing-price-war\" rel=\"noreferrer noopener\">Alibaba Cloud\u2019s Livestream Event Draws Millions, Sparks Cloud Computing Price War<\/a><\/em><br \/>Temu and Shein have strong ties to China and have attracted a growing number of American shoppers with their low prices on clothing, electronics, home goods, and more.<br \/>Amazon\u2019s upcoming storefront will offer a variety of unbranded items, many priced under $20.<br \/>In the past, Chinese sellers have used Amazon\u2019s Fulfillment by Amazon (FBA) services to send goods to U.S. warehouses before dispatching them to customers, CNBC <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/06\/26\/amazon-plans-discount-store-in-bid-to-fend-off-temu-and-shein.html\" rel=\"noreferrer noopener\">reports<\/a>.<br \/>In 2023, the number of items sold by Chinese sellers on Amazon\u2019s site grew by more than 20% year-over-year.<br \/><strong>Price Actions:\u00a0<\/strong>BABA shares traded lower by 0.98% at $73.44 premarket at the last check on Thursday. JD stock is down 1.27% at $27.16, and PDD is down by 1.44% at $136.24.<br \/><strong><em>Also Read: <\/em><\/strong><em><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/news\/24\/06\/39143383\/alibabas-618-shopping-festival-boosts-sales-with-big-brands-like-apple-xiaomi-leading-the-way\" rel=\"noreferrer noopener\">Alibaba\u2019s 618 Shopping Festival Boosts Sales with Big Brands Like Apple, Xiaomi Leading the Way<\/a><\/em><br \/><strong><em>Disclaimer:<\/em><\/strong><em> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<\/em><br \/><em>Image by Tada Images via Shutterstock<\/em><br \/>\u00a9 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<br \/>Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.<\/p>\n<p><a href=\"https:\/\/news.google.com\/rss\/articles\/CBMie2h0dHBzOi8vd3d3LmJlbnppbmdhLmNvbS9uZXdzLzI0LzA2LzM5NTIxMjkxL3doYXRzLWdvaW5nLW9uLXdpdGgtY2hpbmVzZS1lLWNvbW1lcmNlLXN0b2Nrcy1hbGliYWJhLXBkZC1hbmQtbW9yZS1vbi10aHVyc2RhedIBAA?oc=5\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon.Com Inc AMZN is set to launch a new section on its website dedicated to affordable fashion and lifestyle items, enabling Chinese sellers to ship directly to U.S. consumers.The storefront marks Amazon\u2019s boldest move yet to counter rising competition from e-commerce platforms PDD Holdings Inc PDD Temu and Shein.Chinese e-commerce&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-962","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.yellowfalconmedia.com\/blog\/wp-json\/wp\/v2\/posts\/962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yellowfalconmedia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yellowfalconmedia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yellowfalconmedia.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yellowfalconmedia.com\/blog\/wp-json\/wp\/v2\/comments?post=962"}],"version-history":[{"count":0,"href":"https:\/\/www.yellowfalconmedia.com\/blog\/wp-json\/wp\/v2\/posts\/962\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.yellowfalconmedia.com\/blog\/wp-json\/wp\/v2\/media?parent=962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yellowfalconmedia.com\/blog\/wp-json\/wp\/v2\/categories?post=962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yellowfalconmedia.com\/blog\/wp-json\/wp\/v2\/tags?post=962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}