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Shares of Alibaba Group Holding Limited (NYSE: BABA) pared early gains and traded lower in Hong Kong on Wednesday, while Chinese electric vehicle makers Li Auto Inc. (NASDAQ: LI) and Xpeng Inc. (NYSE: XPEV), as well as e-commerce company JD.com Inc. (NASDAQ: JD), extended gains from the previous session. What’s Moving: Alibaba’s shares traded 1.3% lower at HKD 164.10 ($21.09) in Hong Kong, while Li Auto’s shares traded 0.9% higher at HKD 116.20 ($14.93).
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