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Shares of Alibaba Group Holding Limited (NYSE: BABA) and Baidu Inc. (NASDAQ: BIDU) traded lower in Hong Kong on Tuesday, while electric vehicle makers Xpeng Inc. (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI) surged. What’s Moving: Chinese e-commerce giant Alibaba’s shares traded almost 1.5% lower at HKD 171.40 and technology company Baidu’s shares have also lost 1.5% to HKD 169.70 in Hong Kong, while e-commerce company JD.Com Inc.’s (NASDAQ: JD) shares have gained 0.2% to HKD 325.60.
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