Shares of China-based, U.S.-listed stocks are on fire Wednesday. As of 12:45 p.m. EST, shares of Baidu (NASDAQ: BIDU) — the “Chinese Google” — were up 12.5%, online entertainment provider Bilibili (NASDAQ: BILI) was up 13.8%, and consumer finance company Qudian (NYSE: QD) had climbed 14%.
These stocks may be listed in the U.S., but you need to look to Europe to find the reason they’re all going up.
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