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2022-06-15

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Why Alibaba, Nio, Chinese Peers Are Surging In Hong Kong Today

Shares of major U.S.-listed Chinese companies traded higher in Hong Kong on Tuesday morning as inves

Why Alibaba, Nio, Chinese Peers Are Surging In Hong Kong Today

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According to <b>China&#39;s National Bureau of Statistics</b>, industrial production rose 0.7% in May from a year ago, versus an expected 0.7% drop, according to a Reuters analysts poll.</p><p>The country&#39;s retail sales fell less than expected.</p><p>The bureau, however, added that &#34;we must be aware that the international environment is to be even more complicated and grim, and the domestic economy is still facing difficulties and challenges for recovery.&#34;</p><p>U.S. Congress also pushed a ruling proposing screening investments in rival countries like China to protect U.S. technologies and rebuild critical supply chains.</p><p><b>Company In News:</b> Several Chinese firms such as Alibaba Group and JD.com traded higher ahead of the country&#39;s &#34;618&#34; holiday shopping event, which kicks off this weekend.</p><p>NIO will hold a product launch event on Wednesday. The company is expected to launch the ES7 – the first NIO SUV built on the NT 2.0 platform.</p><p>Xpeng Chairman and CEO <b>He Xiaopeng</b> in a <b>Weibo</b> post on Tuesday said charging efficiency for EVs would improve thanks to super-fast technology achieving scale in the near future.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Alibaba, Nio, Chinese Peers Are Surging In Hong Kong Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Alibaba, Nio, Chinese Peers Are Surging In Hong Kong Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-06-15 13:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of major U.S.-listed Chinese companies traded higher in Hong Kong on Tuesday morning as investors cheered better-than-expected economic data from the Asian nation.</p><p>Chinese tech giants like <b>Alibaba Group Holdings</b>, <b>Baidu Inc</b>, and <b>JD.com</b> gained as much as 5%, whereas <b>Tencent Holdings</b> TCEHY edged higher.</p><p>In the electric vehicle segment, <b>Nio Inc</b> led the rally with 13% gains, whereas <b>Xpeng Inc</b> and<b> Li Auto Inc</b> gained as much as 6%.</p><p><img src=\"https://static.tigerbbs.com/ffa9240645065adb2e8776a19d9f24be\" tg-width=\"986\" tg-height=\"405\" width=\"100%\" height=\"auto\"/>Shares of these Chinese companies ended higher on Tuesday on U.S. bourses.</p><p><b>Global Markets Recap:</b> At press time, the benchmark <b>Hang Seng Index</b> was 1.19% higher on mostly positive cues from global peers.</p><p>Japan&#39;s <b>Nikkei 225</b> lost 0.73%, while Shanghai&#39;s <b>SSE Composite Index</b> gained 0.95% and Singapore&#39;s <b>SGX Nifty</b> was up 1.04%.</p><p><b>Macro Factors:</b> The investor optimism came amid better-than-expected economic numbers from China. According to <b>China&#39;s National Bureau of Statistics</b>, industrial production rose 0.7% in May from a year ago, versus an expected 0.7% drop, according to a Reuters analysts poll.</p><p>The country&#39;s retail sales fell less than expected.</p><p>The bureau, however, added that &#34;we must be aware that the international environment is to be even more complicated and grim, and the domestic economy is still facing difficulties and challenges for recovery.&#34;</p><p>U.S. Congress also pushed a ruling proposing screening investments in rival countries like China to protect U.S. technologies and rebuild critical supply chains.</p><p><b>Company In News:</b> Several Chinese firms such as Alibaba Group and JD.com traded higher ahead of the country&#39;s &#34;618&#34; holiday shopping event, which kicks off this weekend.</p><p>NIO will hold a product launch event on Wednesday. The company is expected to launch the ES7 – the first NIO SUV built on the NT 2.0 platform.</p><p>Xpeng Chairman and CEO <b>He Xiaopeng</b> in a <b>Weibo</b> post on Tuesday said charging efficiency for EVs would improve thanks to super-fast technology achieving scale in the near future.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","BIDU":"百度","JD":"京东","09618":"京东集团-SW","09888":"百度集团-SW","09988":"阿里巴巴-W"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175672060","content_text":"Shares of major U.S.-listed Chinese companies traded higher in Hong Kong on Tuesday morning as investors cheered better-than-expected economic data from the Asian nation.Chinese tech giants like Alibaba Group Holdings, Baidu Inc, and JD.com gained as much as 5%, whereas Tencent Holdings TCEHY edged higher.In the electric vehicle segment, Nio Inc led the rally with 13% gains, whereas Xpeng Inc and Li Auto Inc gained as much as 6%.Shares of these Chinese companies ended higher on Tuesday on U.S. bourses.Global Markets Recap: At press time, the benchmark Hang Seng Index was 1.19% higher on mostly positive cues from global peers.Japan's Nikkei 225 lost 0.73%, while Shanghai's SSE Composite Index gained 0.95% and Singapore's SGX Nifty was up 1.04%.Macro Factors: The investor optimism came amid better-than-expected economic numbers from China. 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