Many US listed China stocks are down today. JD Sports released earnings this morning. They beat expectations, but a slow in year-on-year growth has seen the price decline. This is a similar story for JDs biggest competitor, Alibaba, who also reported slowing growth rates last month. Revenue only grew 10%, Alibaba’s weakest figures since 2014.

Much of this decline is due to the West putting more sanctions on Russia and China for supporting Putin.

A summary of the main China declines:

  • BABA -9.5%
  • JD -14.8%
  • NIO -13.0%
  • PDD -17.6%
  • BIDU -7.1%
  • TME -14.6%

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