Tech Titans Surge: JD, PDD, Trip.com Lead Market Gains

1. Jd (Nasdaq: JD)
Jd surged by 13.91%. JD.com announced a significant offline retail expansion by launching its first outlet store in Jiangyin City alongside an online flagship store, collaborating with HLA Group. This marks a strategic push into deep-discount retail, featuring brands like Under Armour and Adidas.

2. Pdd Holdings (Nasdaq: PDD)
Pdd Holdings surged by 11.24%. Pinduoduo enhanced its "100 Billion Subsidy" program by expanding automatic service fee refunds to all products. The company also established two new information technology firms in Shanghai and joined 81 e-commerce platforms in signing an intellectual property protection agreement.

3. Trip Group Limited (Nasdaq: TCOM)
Trip Group Limited surged by 8.09%. Trip.com reported a September 24 transaction volume of $4.03 billion. Domestically, chartered tours increased 140% compared to 2019. The company launched a global touring platform, covering over 2000 destinations, offering training and support for tour personnel. Theme park orders in the Yangtze River Delta surged over threefold.

4. Liberty Media (Nasdaq: LLYVK)
Liberty Media surged by 8.08%. Liberty Formula One C disclosed five insider transactions on September 23, 2024, including Wilm Renee L selling 19,200 shares. Morgan Stanley maintained an equal-weight rating, raising the price target to $85. Liberty SiriusXM A disclosed three insider transactions on August 26, 2024.

5. Netease (Nasdaq: NTES)
Netease surged by 8.06%. Netease's subsidiary, Skybox Labs, laid off 25 employees. Miniso Group's CFO stated they do not intend to control Yonghui Superstores’ board. TSMC and Samsung plan to invest over $100 billion in a UAE chip project. Alibaba repurchased 3.63 million shares for $39.9 million.