Update on US-listed Chinese stocks: Alibaba, Baidu, Nio, XPeng

Stocks of major Chinese companies listed in the U.S., like Alibaba BABA, Baidu BIDU, JD.com JD, and PDD Holdings PDD, are down today as China’s stimulus efforts haven’t satisfied investors.

After a brief rally, e-commerce stocks have dropped between 6% and 8% over the past week.

Chinese electric vehicle companies like NIO NIO and XPeng XPEV are also seeing declines. Other EV stocks, such as Li Auto LI, have lost between 3% and 11% in the same period.

Also Read: Alibaba Sees Third Week of Gains, Boosted by China’s Stimulus and Holiday Shopping Season

On Saturday, China announced new stimulus measures involving increased debt, including support for low-income groups, the property market, and state banks’ capital, according to Finance Minister Lan Foan.

However, the lack of specific financial details has left investors anxious.

Previous reports suggested that China might issue special bonds worth 2 trillion yuan ($284.4 billion) to help with government debt and subsidize purchases. They might also increase capital in state banks by up to 1 trillion yuan.

Chinese stocks have faced pressure from domestic regulations and geopolitical issues with the U.S., which have affected technology access crucial for various industries.

Price Actions: As of Monday, BABA stock is down 1.85% to $108.10 before the market opens. BIDU fell 2.60%, JD is down 0.64%, NIO dropped 2.72%, and XPEV is down 5.04%.

Also Read:

• Nvidia’s GPU Sales at Risk As China Pushes Local AI Chips in Retaliation

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