Shares of several Chinese companies are ripping higher Thursday. Some of the top movers include Alibaba Group Holding Ltd BABA, JD.com Inc JD and Pinduoduo Inc PDD. The Chinese government announced a new stimulus package on Wednesday designed to help boost economic activity. According to several reports highlighting Chinese state broadcaster news, the package includes more than 300 billion yuan ($43.8 billion) in spending for various policy and financial tools. The country’s stimulus efforts have lifted investor sentiment in Chinese names. A separate Wall Street Journal report suggesting the U.S. and China are nearing a deal to allow audit inspection...