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Benzinga
Benzinga
World
Navdeep Yadav

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

BABA Alibaba NIO Hong Kong JD Alibaba Group Holding Tencent Baidu Li Auto Xpeng

Shares of U.S.-listed Chinese companies rallied in Hong Kong on Friday morning, with major tech names like Alibaba Group Holding (NYSE: BABA), JD.com Inc (NASDAQ: JD), Tencent Holdings (OTC: TCEHY), and Baidu Inc (NASDAQ: BIDU) gaining as much as 5%.

Among electric vehicle stocks, Nio Inc (NYSE: NIO), Li Auto (NASDAQ: LI), and Xpeng Inc (NYSE: XPEV) rose as much as 8%.

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