Alibaba, Nio, PDD Shares Rise Amid Potential 'De-Escalation' Of China Trade Tensions: What's Going On?

Shares of U.S.-listed Chinese companies, including Alibaba Group inc. (NYSE: BABA), NIO Inc. (NYSE: NIO) and PDD Holdings Inc.(NASDAQ: PDD) are trading higher Tuesday following comments from U.S. Treasury Secretary Scott Bessent indicating a possible de-escalation in the ongoing tariff conflict with China.

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