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

December 4, 2021
Source: marketwatch.com marketwatch.com
News Snapshot:
U.S.-listed shares of major Chinese companies, including electric-car maker Nio Inc. and e-commerce giant Alibaba Group Holding Inc., tanked on Friday following news that ride-sharing company Didi Global Inc. plans to delist from the New York Stock Exchange. American depositary receipts of Nio Inc. NIO, -11.75% , which earlier this week reported rising November sales, were off 12% in late trading Friday, poised to end the week off more than 20%. Li Auto Inc. LI, -16.51% , another Chinese EV maker that reported November sales this week , fell 16%, putting it on track for weekly losses of around 13%....
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