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Benzinga
Benzinga
World
Adam Eckert

THE TRUTH ABOUT: Why alibaba nio and other chinese stocks are falling today - The Untold Story

Shares of several Chinese stocks including Alibaba Group Holding Ltd (NYSE:BABA), NIO Inc (NYSE:NIO) and Baidu Inc (NASDAQ:BIDU) are trading lower Monday amid a COVID-19 outbreak in the country which has caused some business operations to cease.

What Happened: Major Chinese cities are scrambling to reduce operations following what is reportedly the worst COVID-19 outbreak in China since 2020. 

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