Alibaba, Baidu, JD.com And Some Other Big Stocks Moving Lower On Monday

Alibaba, Baidu, JD.com And Some Other Big Stocks Moving Lower On Monday

U.S. stocks traded mostly higher, with the Dow Jones gaining more than 200 points on Monday. Here are some big stocks recording losses in today’s session.

  • Pinduoduo Inc. PDD shares dipped 30.2% to $ 41.17. U.S.-listed Chinese stocks dipped on Monday amid fears over President Xi Jinping maintaining dominance following the weeklong Party Congress that concluded on Saturday.
  • GDS Holdings Limited GDS tumbled 26.8% to $10.53.
  • TAL Education Group TAL fell 26% to $2.9150. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee.
  • Kanzhun Limited BZ dropped 26% to $10.53. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee. Some investors are concerned about increasing private sector and tech company regulation.
  • Zai Lab Limited ZLAB declined 24.7% to $21.61.
  • Chindata Group Holdings Limited CD dropped 23.3% to $5.24.
  • Li Auto Inc. LI fell 23.2% to $13.64.
  • New Oriental Education & Technology Group Inc. EDU declined 22.7% to $17.58.
  • Bilibili Inc. BILI dropped 21% to $8.73. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee. Some investors are concerned about increasing private sector and tech company regulation.
  • NIO Inc. NIO fell 20.4% to $8.94.
  • ZTO Express (Cayman) Inc. ZTO declined 20% to $17.16.
  • JD.com, Inc. JD shares dipped 18.6% to $34.31. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee. Some investors are concerned about increasing private sector and tech company regulation.
  • Dada Nexus Limited DADA fell 17.8% to $3.18.
  • Melco Resorts & Entertainment Limited MLCO dropped 17.4% to $5.10. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee.
  • KE Holdings Inc. BEKE fell 17% to $9.66.
  • AMTD Digital Inc. HKD dropped 16.8% to $23.28.
  • Trip.com Group Limited TCOM fell 16.7% to $19.94.
  • Alibaba Group Holding Limited BABA fell 16.4% to $60.33. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee.
  • Baidu, Inc. BIDU fell 16.2% to $76.43. Shares of several Chinese stocks traded lower amid Chinese President Xi winning his 3rd term and selecting loyalists to the Politburo Standing Committee.
  • China Eastern Airlines Corporation Limited CEA dropped 14.5% to $15.54.
  • Las Vegas Sands Corp. LVS fell 13.3% to $33.85 amid COVID restrictions in Guangzhou which is geographically close to the company's operations in Macao.
  • Weibo Corporation WB dropped 13% to $ 10.66.
  • Tencent Music Entertainment Group TME fell 12.5% to $3.3489.
  • Yum China Holdings, Inc. YUMC fell 12.1% to $39.67. Yum China announced the effectiveness of the company's voluntary conversion of its secondary listing status to a primary listing status on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).
  • Vipshop Holdings Limited VIPS fell 12.1% to $6.60.
  • NetEase, Inc NTES fell 11.5% to $55.19.
  • JinkoSolar Holding Co., Ltd. JKS dropped 10.5% to $40.36.
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