Alibaba, Baidu And Nio Rivals Xpeng, Li Auto Strike Gains In Hong Kong Ahead Of Key Earnings Reports

Shares of $Alibaba(BABA.US)$ , $Baidu(BIDU.US)$ , $Li Auto(LI.US)$ and $XPeng(XPEV.US)$ rose in Hong Kong on Tuesday, while $JD.com(JD.US)$ , $Tencent(TCEHY.US)$  traded lower.
Chinese e-commerce giant Alibaba’s shares traded 0.2% higher at HKD 157.60 and technology company Baidu’s shares have risen 0.8% to HKD 157.20 in Hong Kong, while e-commerce company JD.Com’s shares have lost 2.2% to HKD 299.00.

Tencent Holdings' shares are down 0.3% to HKD 462.40. The tech conglomerate is scheduled to report its third-quarter earnings results on Wednesday.

Electric vehicle maker Xpeng’s shares have gained almost 2% to HKD 182.60 and peer Li Auto’s shares have advanced 1.7% to HKD 122.20. $NIO Inc(NIO.US)$  is slated to report its financial results for the third quarter later today.

The Hang Seng Index is trading flat as investors turned cautious ahead of earnings reports from index heavyweights such as Tencent, Xiaomi and Meituan over the next few days.The earnings results are expected to provide a glimpse of how the tech companies have fared amid Beijing’s regulatory crackdown.

Shares of Chinese companies closed mostly higher in U.S. trading on Monday after the major averages in the U.S. closed at new record highs.