Nio, Alibaba lead losses for U.S.-listed stocks of Chinese companies after Didi delisting news

1 month ago 18
PR Distribution

U.S.-listed shares of large Chinese companies, including electric-car shaper Nio Inc. and e-commerce elephantine Alibaba Group Holding Inc., tanked connected Friday pursuing quality that ride-sharing institution Didi Global Inc. plans to delist from the New York Stock Exchange.

American depositary receipts of Nio Inc. NIO, -11.19%, which earlier this week reported rising November sales, were disconnected 12% successful precocious trading Friday, poised to extremity the week disconnected much than 20%. Li Auto Inc. LI, -15.95%, different Chinese EV shaper that reported November income this week, fell 16%, putting it connected way for play losses of astir 13%.

Read Entire Article