Alibaba Leads Rebound in Chinese E-Commerce Stocks

Shares have surged this month as investors grow more optimistic about online spending in China

Joanne Chiu

Updated Jan. 31, 2019 4:41 a.m. ET

Shares of Alibaba and smaller rivals have surged in January, as investors grew more optimistic about online spending in China.

What’s Happening

Alibaba, the Chinese e-commerce titan, jumped 6.3% to $166.82 in New York on Wednesday. The rally came after it reported a slower but still robust 41% rise in revenue for the quarter ended December, compared with a year earlier.

The...