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Benzinga
Benzinga
World
Navdeep Yadav

Why Alibaba, Nio, Most Chinese Peers Are Shooting Up In Hong Kong Today

Alibaba NIO Hong Kong Nasdaq Alibaba Group Baidu Baidu Inc Tencent Tencent Holdings Xi Jinping

Shares of major U.S.-listed Chinese companies traded mostly higher in Hong Kong on Thursday, with tech giants like Alibaba Group Holdings (NYSE:BABA), Tencent Holdings (OTC:TCEHY), and Baidu Inc (NASDAQ:BIDU) trading higher, while JD.com Inc (NASDAQ:JD) bucked the trend.

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 4% each.

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