Shares of Alibaba Group Holding Limited, Tencent Holdings Inc., Baidu Inc., JD.Com Inc., Li Auto Inc., and Xpeng Inc. are all trading lower in Hong Kong on Thursday.
What’s Moving
Chinese e-commerce giant Alibaba’s shares traded 1.6 percent lower at HKD 158.60 in Hong Kong, while technology company Baidu’s shares have fallen 1.8 percent to HKD 158.40 and e-commerce company JD.Com’s shares have lost 1 percent to HKD 304.80.Tencent Holdings Inc.’s shares are down 3 percent at HKD 469.00 after the company reported third-quarter earnings results that missed analysts’ expectations amid Beijing’s regulatory crackdown on Big Tech.
