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Benzinga
Benzinga
Business
Navdeep Yadav

DARK SECRETS: Why alibaba nio chinese peers are shooting up in hong kong today | Rare Historical Photos

Li Alibaba NIO Hong Kong Alibaba Group Holding Ltd NYSE electric vehicle JDcom Li Auto Tencent

Shares of U.S.-listed Chinese firms traded higher in Hong Kong on Tuesday morning, with electric vehicle makers leading gains, while tech majors such as Alibaba Group Holding Ltd (NYSE: BABA) and JD.com Inc (NASDAQ: JD) rose as much as 4%. 

Web search giant Baidu Inc (NASDAQ: BIDU) and tech conglomerate Tencent Holdings Ltd (OTC: TCEHY) also strengthened, while Nio Inc (NYSE: NIO) shot up nearly 9% and was atop the table along with peers Li Auto Inc (NASDAQ: LI), and Xpeng Inc (NYSE: XPEV).

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