U.S.-listed shares of Chinese companies are tumbling as investor anxiety over the new tariffs mounts — especially after President Donald Trump threatened additional levies if Beijing doesn’t roll back its retaliatory duties.
Major names like Alibaba Group Holding – ADR (NYSE:BABA), JD.com (NASDAQ:JD), and PDD Holdings – ADR (NASDAQ:PDD) are all trading sharply lower this afternoon, as fears grow over how escalating trade tensions could disrupt cross-border business and weaken consumer demand.
Alibaba Group stock was last seen down 11.2% to trade at $103.45 after its third consecutive weekly loss. The stock has shed 25.9% over the past month and is on pace for its 11th loss in the last 13 sessions. BABA is now trading below its 126-day moving average for the first time since late January and is testing a key psychological support level at $100.
JD.com stock is down 8.6% to $33.61 this afternoon. The stock has lost 31.7% over the past six months and is now off 7.1% in 2025. JD is trading beneath its 160-day moving average for the first time since late September and is threatening to close below $34 — a level not breached since mid-January.
PDD stock was last seen 6.8% lower to trade at $97.17. The equity is headed for its eighth loss in the past 10 sessions and has dropped below the $100 mark for the first time since early February. While shares remain flat on a year-to-date basis, they’ve fallen 16.5% over the last 12 months and are now trading below all major short- and long-term moving averages, signaling broad technical weakness.
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