Alibaba Group Holding Ltd. led Chinese tech stocks higher on Thursday as investors repositioned ahead of its quarterly results, though caution remaine.
Alibaba Group Holding Ltd. posted better results than many investors feared, avoiding a sharp sales contraction while signaling an improvement in Chinese consumer sentiment in recent months.
SINGAPORE: Alibaba Group Holding Ltd led Chinese tech stocks higher yesterday as investors repositioned ahead of its quarterly results, though caution remained about a number of roadblocks ahead.