"Surge in Chinese Stocks: Alibaba, JD.com, and PDD Holdings Soar"

Chinese stocks, including Alibaba, JD.com, and PDD Holdings, rallied after China's annual parliamentary meeting and promising economic data. Beijing's plans to support the economy and its target of 5% economic growth for the year also boosted investor confidence. Despite challenges, such as a crackdown on the tech sector and weak economic recovery, these stocks saw gains, with PDD Holdings outperforming its peers. However, the Chinese economy still faces struggles, and the intense e-commerce competition will determine winners and losers.