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Benzinga
Benzinga
World
Navdeep Yadav

Why Alibaba, Nio, Chinese Peers Are Sliding In Hong Kong Today

Alibaba BABA NIO Hong Kong Li Keqiang Baidu Tencent Tencent Holdings Xpeng

Shares of U.S.-listed Chinese companies traded marginally lower in Hong Kong on Thursday morning. Major tech names like Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD), and Tencent Holdings (OTC: TCEHY) were in the red, while Baidu Inc (NASDAQ: BIDU) was trading flat.

In the electric vehicle segment, NIO Inc (NYSE: NIO), Li Auto (NASDAQ:LI), and Xpeng Inc (NYSE: XPEV) fell as much as 2%.

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