Why Alibaba, JD.com, and PDD Holdings Stocks Were Sliding Today

Chinese stocks pulled back on a disappointing export report.Chinese stocks fell again today as negative economic news weighed on the sector. This time, China's exports fell more than expected in March, hammering hopes for a recovery in the world's No. 2 economy.Exports are a significant part of the Chinese economy, accounting for roughly 19% of its overall gross domestic product (GDP). They are also seen as a potential bright spot at a time when the Chinese consumer is struggling and the domestic economy is ...