Alibaba Stock Surges Post-Stimulus

This is a China news story, published by Investor's Business Daily, that relates primarily to Trip.com Group news.

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China stocks

Investor's Business Daily

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Alibaba stock jumps in premarket trading after China pledges more economic stimulus

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U.S.-listed shares of Chinese tech companies JD.com, Trip.com Group and Baidu also gained in early trading.

The Politburo , China 's top decision-making body, pledged earlier in the day to implement more proactive fiscal policy and a "moderately loose" monetary policy next year .

Alibaba stock has gained 11% overall this year .

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