The Cost of Competing With China

The Biden administration is betting that new China tariffs will be politically popular, even if they could slow the transition from fossil fuels.

Alibaba set to report fiscal fourth-quarter earnings on Tuesday. Tencent Music Entertainment Group (TME) and JD.com to report earnings. What's motivating stock momentum in China's internet giants? Myles Udland and Seana Smith turn their attention to Chinese internet stocks, focusing on the stock performances of industry titans.

Chinese e-commerce giants Alibaba and JD.com have faced increasing competition in recent years from low-cost platforms. Chinese consumers are seeking discounts and lower-cost shopping because of their cautious attitude toward spending after the COVID-19 pandemic amid lower economic growth and the slowdown in the property sector.