Alibaba rose as much as 5.2% and Didi climbed 8.5%, while JD.com Inc advanced 7.2%. Pinduoduo Inc, Bilibili Inc and iQiyi Inc were among the top gainers, climbing at least 6.5% each. The advance in American depositary receipts tracked a 5.4% gain in Hong Kong’s Hang Seng Tech Index, the sharpest in two weeks. China was closed for a holiday.
Alibaba Group Holding and Didi Global Inc rallied for a second day, adding US$80 billion in value to US-listed Chinese stocks as fears of potential delistings eased.
The Nasdaq Golden Dragon China Index jumped as much as 6.1% Monday, adding to Friday’s climb after Beijing regulators published revised draft rules scrapping requirements that on-site inspections should be mainly conducted by Chinese regulatory agencies.
