Why Shares of Alibaba, RLX Technology, and LexinFintech Holdings Are Surging Today
Despite a down day for the broader market, several Chinese stocks ripped higher today after recent earnings results. Shares of the large Chinese e-commerce company Alibaba (NYSE: BABA) traded more than 8% higher as of 12:37 p.m. ET today. Shares of the Chinese electronic vaping company RLX Technology (NYSE: RLX) surged more than 20%, and shares of LexinFintech Holdings (NASDAQ: LX) jumped more than 22%.