Why Alibaba, JD.com, and Tencent Music Stocks Just Popped

China's stock market rally continued to get a second wind this week, with Alibaba Group Holding (NYSE: BABA) stock gaining 4.9% as of 12:12 p.m. ET, JD.com (NASDAQ: JD) rising 4% (also its second day of gains), and Tencent Music Entertainment Group (NYSE: TME) leading the charge higher with a 7.6% gain.

Stock buybacks are the reason.

Image source: Getty Images.

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Source Fool.com