Alibaba, JD Fall in Hong Kong on Regulatory Worries, Nio Rivals Xpeng, Li Auto Continue to Surge

A woman walks past an Alibaba sign outside the company's office in Beijing, China, on April 13, 2021. Greg Baker/AFP via Getty Images

Shares of Alibaba Group Holding Limited, JD.Com Inc., Baidu Inc., and Tencent Holdings Inc. fell in Hong Kong on Monday, while Xpeng Inc. and Li Auto Inc. traded higher.

What’s Moving

Chinese e-commerce giant Alibaba’s shares traded 0.5 percent lower at HKD 160.30 in Hong Kong, while technology company Baidu’s shares have lost 2.0 percent to HKD 157.70 and e-commerce company JD.Com’s shares are down 0.6 percent to HKD 312.80.

Tech conglomerate Tencent Holdings’ shares have fallen 1.9 percent to HKD 486.00.