Investing.com -- Shares of JD.com surged 7% today as the company unveiled a new initiative to assist Chinese exporters in tapping into domestic markets. The announcement fueled a broader rally among US-listed Chinese stocks, with Alibaba (NYSE: BABA ) climbing 7.2% and Baidu (NASDAQ: BIDU ) up 4.3%.

The positive sentiment was reflected in the Nasdaq Golden Dragon China Index, which saw an intraday jump of up to 6%, marking its most significant rise since March 5. The uptrend in Chinese e-commerce shares comes after JD.com’s strategic move to create opportunities for exporters within China, a pivot from the previous focus on international markets.

The broader market response also factors in recent developments in the US-China trade relations. Notably, certain electronic products such as smartphones and computers have been exempted from the reciprocal tariffs imposed by the US on Chinese goods.

This exemption is expected to transition to more specific and potentially lower levies, alleviating some of the pressure on Chinese tech companies that rely heavily on exports to the US.

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