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Shares of Alibaba Group Holding Limited (NYSE: BABA), Xpeng Inc. (NYSE: XPEV), Li Auto Inc. (NASDAQ: LI), JD.Com Inc. (NASDAQ: JD) and Tencent Holdings Limited (OTC: TCEHY) are all trading lower in Hong Kong on Thursday, while Baidu Inc. (NASDAQ: BIDU) is advancing. What’s Moving: Chinese e-commerce giant Alibaba’s shares traded 1.9% lower at HKD 151.10 ($19.42) in Hong Kong, while e-commerce company JD.com’s shares are losing 0.4% to HKD 293.80 ($37.75) and tech conglomerate Tencent Holdings’ shares are down 0.5% to HKD 451.20 ($57.98).
...read full article on Benzinga