Why Baidu, Full Truck Alliance, and Bilibili Are Trading Higher Today
BIDUBIDU(BIDU) The Motley Fool·2024-09-25 00:08

China's central bank surprised investors with stimulus measures and said it is planning future interest rate cuts.Chinese stocks rallied today after the People's Bank of China (PBOC), trying to get the Chinese economy out of its recent slump, announced interest rate cuts and better stimulus measures than previously expected.Shares of the artificial intelligence (AI) and search company Baidu (BIDU 6.15%) traded nearly 5% higher, while shares of the shipping platform Full Truck Alliance (YMM 8.09%) rose nearl ...