Stocks of some of China's most popular companies were squarely in rally mode Monday, as the country's central bank signaled further support for the ongoing economic recovery.

With that as a backdrop, several of China's e-commerce stocks outpaced gains by the broader market. Shares of Alibaba Group (NYSE: BABA) rose 1.1%, JD.com (NASDAQ: JD) climbed as much as 3%, and PDD Holdings (NASDAQ: PDD) surged as much as 3.6% as of 12:35 p.m. ET.

There wasn't any company-specific news driving the gains, but broader economic and regulatory developments were the catalysts that drove the stocks higher.

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Source Fool.com