Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
World
Navdeep Yadav

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

Shares of major U.S.-listed Chinese companies were trading lower for a second straight session in Hong Kong on Wednesday, as major tech stocks like Alibaba Group Holdings (NYSE:BABA), Tencent Holdings (OTC:TCEHY), Baidu Inc (NASDAQ:BIDU), and JD.com Inc (NASDAQ:JD) slipped into the red.

In the electric vehicle segment, Nio Inc (NYSE:NIO) led losses with a near 8% fall, while Xpeng Inc (NYSE:XPEV) and Li Auto Inc (NASDAQ:LI) cracked at least 4% each.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.