Why Chinese Stocks Tencent, PDD Holdings, and JD.com Surged Today

Chinese authorities are looking for ways to reattract foreign investment, and cheap Chinese stocks responded accordingly.Shares of Chinese stocks, including Tencent (TCEHY 5.23%), PDD Holdings (PDD 9.38%), and JD.com (JD 5.80%), rallied to start the week, up 5.4%, 9.5%, and 5.8%, respectively, as of 3:50 p.m. ET Monday.The synchronous rise in Chinese stocks followed a favorable regulatory development for private Chinese companies and stocks. In addition, Tencent announced the early release of a hit mobile g ...