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China’s GDP Beat Expectations. Why Alibaba and JD.com Are Falling.

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Alibaba



JD.com


and other Chinese stocks fell Tuesday despite the country’s economy rebounding at a faster-than-expected pace in the first quarter.

China’s gross domestic product (GDP) rose 4.5% in the first three months of the year, convincingly beating the FactSet economists’ consensus for 3.4% growth.

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