Alibaba ADR ended a historically strong month at a high level on Wednesday

$Alibaba(BABA.US)$'s share price rose 11.6% to an 11 week high in the aftermarket trading. The stock rose 40.2% in November, which will be the second best monthly performance since its listing in September 2019 and the best monthly performance since its record monthly rise of 42.2% in October 2015.

Alibaba's stock is not the only one that rose during the remission of the epidemic. Jingshun Golden Dragon China Exchange Trading Fund tracks the American Depositary Shares of Chinese companies listed only in the United States. The fund soared 42.7% this month, more than double the monthly increase of 20% in September 2007.

In contrast, the $S&P 500 Index(.SPX.US)$ rose 4.1% in November, or 2.20%.

Elsewhere, sales of $JD.com(JD.US)$ and $iQIYI(IQ.US)$ rose 55.9% and 48% respectively in November.

$ALIBABA GROUP HOLDING LTD(BABAF.US)$ $BABA-SW(09988.HK)$ $Hang Seng TECH Index(800700.HK)$ $China Concept Stocks(BK2517.US)$ $Invesco Golden Dragon China ETF(PGJ.US)$

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whqqq : Stay tuned. I hope December will also be nice.

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Kuries

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