
Shares of major U.S.-listed Chinese companies traded mixed in Hong Kong on Wednesday, with tech giants like Alibaba Group Holdings (NYSE:BABA), Tencent Holdings (OTC:TCEHY), and JD.com Inc (NASDAQ:JD) sliding, while Baidu Inc (NASDAQ:BIDU) inched higher.
Li Auto Inc (NASDAQ:LI) led the rally in the electric vehicle segment while Nio Inc (NYSE:NIO) and Xpeng Inc (NYSE:XPEV) gained at least 3%.