Alibaba, Baidu, and Nio Rivals Xpeng, Li Auto Strike Gains in Hong Kong Ahead of Key Earnings Reports

Alibaba, Baidu, and Nio Rivals Xpeng, Li Auto Strike Gains in Hong Kong Ahead of Key Earnings Reports
A logo of Alibaba Group is seen at its office building in Beijing, China, on Aug. 9, 2021. (Tingshu Wang/Reuters
Benzinga
Updated:
Shares of Alibaba Group Holding Limited (BABA), Baidu Inc. (BIDU), Li Auto Inc. (LI), and Xpeng Inc. (XPEV) rose in Hong Kong on Tuesday, while JD.Com Inc. (JD), Tencent Holdings Inc. (TCEHY) traded lower.

What’s Moving

Chinese e-commerce giant Alibaba’s shares traded 0.2 percent higher at HKD 157.60 and technology company Baidu’s shares have risen 0.8 percent to HKD 157.20 in Hong Kong, while e-commerce company JD.Com’s shares have lost 2.2 percent to HKD 299.00.

Tencent Holdings’ shares are down 0.3 percent to HKD 462.40. The tech conglomerate is scheduled to report its third-quarter earnings results on Wednesday.