Alibaba, PDD Stocks Climb As China's Retail Sector Gains Despite US Tariffs

Chinese e-commerce giants Alibaba Group Holding Ltd. BABA and PDD Holdings, Inc. PDD saw their shares rise on Monday after China reported a stronger-than-expected jump in retail sales. The Details: China's National Bureau of Statistics announced that retail sales of consumer goods surged 6.4% year-on-year in May, reaching 4.13 trillion yuan (about $575.3 billion) and signaling renewed consumer momentum in the world's second-largest economy.Read Next: Nvidia’s Jensen Huang Sparks Quantum Stock FrenzyChina's ...