China E-commerce Stocks Fall Amid Biden’s Import Curbs

Chinese E-commerce Stocks Face Headwinds
Shares of major Chinese e-commerce companies like JD.com, Alibaba, and Pinduoduo experienced declines in premarket trading following reports of the Biden administration's plans to tighten regulations on low-value imports. The move primarily targets platforms such as Shein and Temu, which benefit from the "de minimis" rule allowing imports under $800 to bypass duties and taxes.