New York (CNN Business) Chinese consumers were hunting for bargains on Singles Day, the online shopping extravaganza that takes place every November 11 which was originally launched by e-commerce giant Alibaba. JD.com JD Alibaba BABA But investors have been betting that Alibaba's top rival JD.com might be an even bigger Singles Day winner. Shares ofare up nearly 17% in the past three months, whilehas fallen almost 15% during the same time frame. Tencent TCEHY Baidu BIDU Beijing has been cracking down on Alibaba as of late, along with other top techs such as WeChat ownerand search giant. The company had also already released solid sales figures for Singles Day promotions that begin earlier this month.

Source: CNN November 12, 2021 07:57 UTC