Alibabas stock price rose nearly 15 % overnight, everything was in the game

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(Morning Post) Chinese Internet giant Alibaba's stock price overnight (Wednesday, June 8th) has recently appeared in the U.S. stock market.Continue to be high.

It is reported that the Beijing government of China is taking new measures, which seems to have signs of re -supporting the technology industry, so that market investors have confidence in Alibaba again, so that Alibaba's stock price will collect the market at $ 119.62 overnight.From $ 15.30, it is the best closing price for the stock since February this year.

The matter began with the Chinese official approved a domestic video game permit on Wednesday.This is a very "meaningful" move for Chinese technology stocks.Because China has been suspended since last year, such licenses have been suspended, while also using measures to reduce the time of Chinese minors to access the Internet.

This is also the second round of China's recently issued a new license.This series of moves have given investors confident in the business prospects of many Chinese technology companies.

In addition to Alibaba, other Chinese stocks listed in the United States are also showing their feet overnight.JD.com (JD.com) rose nearly 8 %, PinduoDuo rose nearly 10 %, and Baidu (BAIDU) and Internet car giant Didi Chuxing (DIDI) rose significantly, rising by more than 12 %.

The National Press and Publication Administration of China Regulatory Institutions issued a license to 60 different online games.This is the largest approval of computer and smartphone games since July 2021.However, games developed by Tencent Holdings and Netease are not in the latest approval.

In addition, the recent Chinese regulatory agency has also ended a survey of the Chinese online car giant Didi Chuxing (DIDI).People familiar with the matter said that the official will increase the ban on adding new users to Didi Chuxing next week and restore the application of Didi Chuxing on various application platforms in China.

According to reports, the official and National Internet Information Office (Cyberspace Administration of China) reported to Didi Chuxing and two other companies at a meeting last week.Didi Chuxing is expected to face huge fines, and the Full Truck Alliance and Kanzhun will face small fines.