Recent discussions among analysts and investors highlight the potential impact of Ant Financial's re-listing on sentiment towards Chinese equities. The focus is particularly on the performance of major Chinese e-commerce companies during the Singles Day shopping event. Estimates suggest that Gross Merchandise Value (GMV) for Singles Day could exceed 16% for Alibaba ($BABA), JD.com ($JD), and Pinduoduo ($PDD). Additionally, Morgan Stanley has identified Pinduoduo as a top e-commerce pick, forecasting its ability to sustain growth and capture market share in 2025 and 2026. The sentiment among U.S. investors appears cautious, as indicated by the performance of Hong Kong stock futures, suggesting potential volatility ahead for those invested in U.S.-listed Chinese American Depositary Receipts (ADRs).