<div id="readability-page-1"><div><div>Chinese e-commerce giants Alibaba Group Holding Ltd. BABA and PDD Holdings, Inc. PDD saw their shares rise on Monday after China reported a stronger-than-expected jump in retail sales.The Details: China's National Bureau of Statistics announced that retail sales of consumer goods surged 6.4% year-on-year in May, reaching 4.13 trillion yuan (about $575.3 billion) and signaling renewed consumer momentum in the world's second-largest economy.China's May data marked an acceleration from April's 5.1% growth and beat analysts' estimates of 5%, according to Trading Economics. The robust figures were partly attributed to government subsidies and trade-in policies for household and communication appliances, as well as a boost from the Labor Day and Dragon Boat Festival holidays. The upbeat data provided a tailwind for leading online retailers. Alibaba, which operates the country's largest e-commerce platform, and PDD Holdings, the parent of Pinduoduo and global shopping app Temu, both benefited from improved investor sentiment. Why It Matters: The retail sales rebound suggests that Chinese consumers are more resilient than previously thought, despite ongoing concerns about economic headwinds and U.S. tariffs.May's data also comes ahead of China's major mid-year shopping festival, which is expected to further boost sales in June. The 618 Shopping Festival begins on June 1 and peaks on June 18 each year and was originally launched by JD.com, Inc. JD to celebrate its founding anniversary. While challenges remain, the latest retail figures indicate that China's policy support measures are helping to revive domestic demand even in the face of U.S.-imposed tariffs. <ul> <li>These Are The 3 Hottest Stock Market Themes Trending Now</li> </ul>Image: Shutterstock</div></div></div>

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Chinese e-commerce giants Alibaba and PDD saw their stocks rise following a 6.4% year-on-year increase in retail sales reported by China's National Bureau of Statistics. This surge, reaching 4.13 trillion yuan, exceeded analysts' expectations and indicates stronger consumer momentum. Contributing factors include government subsidies and holiday boosts. The positive data suggests resilience among Chinese consumers despite economic challenges and U.S. tariffs, with further sales expected during the upcoming 618 Shopping Festival.

- Chinese e-commerce giants Alibaba and PDD Holdings experienced a rise in shares following a stronger-than-expected increase in China's retail sales, which surged 6.4% year-on-year in May.  
- The growth, reaching 4.13 trillion yuan, was attributed to government subsidies and holiday boosts, surpassing analysts' expectations.  
- This rebound indicates improved consumer resilience and suggests that policy support is effectively reviving domestic demand despite ongoing economic challenges.  

Alibaba, PDD Stocks Climb As China's Retail Sector Gains Despite US Tariffs