Why JD.com, Zhihu, and TAL Education Group Are Up Today
Several Chinese stocks rose today as more Chinese companies reported solid earnings results despite COVID-19 lockdowns that threaten to hurt economic growth in the country.
Shares of the large e-commerce firm JD.com (NASDAQ: JD) are trading more than 6% higher as of 12:22 p.m. ET today. Shares of the question-and-answer content website Zhihu (NYSE: ZH) are trading nearly 18% higher, while shares of the tutoring company TAL Education Group (NYSE: TAL) are trading nearly 11% higher.
Earlier this morning, the large Chinese e-commerce company Alibaba (NYSE: BABA) reported adjusted earnings per American Depositary Share equivalent to $1.25 for the quarter ending in March on total revenue of roughly $32.2 billion. Both numbers beat analyst estimates.
Source Fool.com
