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BABA / Why Alibaba Is Shooting Up Today In A Muted Hong Kong Market While Rivals Dip

Why Alibaba Is Shooting Up Today In A Muted Hong Kong Market While Rivals Dip
Shares of Alibaba Group Holding Limited (NYSE: BABA) rose in Hong Kong on Wednesday, while Baidu Inc. (NASDAQ: BIDU), JD.Com Inc. (NASDAQ: JD), Xpeng Inc. (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI) fell and Tencent Holdings Inc. (OTC: TCEHY) traded flat. What's Moving: Chinese e-commerce giant Alibaba's shares traded 3.5% higher at HKD 122.90 in Hong Kong, while peer JD.Com's shares have lost 1.3% to HKD 300.60. Read More
Posted: Dec 14 2021, 23:21
Author Name: Benzinga
Views: 110666

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