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Benzinga
Benzinga
World
Navdeep Yadav

Why Alibaba, Other Tech Peers Are Slumping In Hong Kong Today

Alibaba Hong Kong ByteDance Tencent

Shares of U.S.-listed Chinese companies slumped heavily in Hong Kong on Tuesday as the market opened after a long weekend.

While Alibaba Group Holding Ltd (NYSE: BABA), JD.Com (NASDAQ: JD), and Baidu Inc (NASDAQ: BIDU) were among the biggest losers, while Tencent Holdings (OTC: TCEHY) shed 2.35% at press time.

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