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

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



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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