Chinese ADRs Jump With JD.com up 8%, Alibaba and Baidu up 7%
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Chinese ADRs jumped in morning trading. Direxion Daily FTSE China Bull 3X Shares rose 6%; VNET Group rose 29%; Kingsoft Cloud rose 19%; JD.com rose 8%; Baidu, Alibaba, and NIO rose 7%; Bilibili and PDD Holdings rose 5%; Li Auto rose 4%; iQiyi and NetEase rose 3%; XPeng and Trip.com rose 2%.

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