Cointime reports: The Livermore China ADR Leaders Index fell 3% on November 12 as most Chinese stocks traded lower. Alibaba dropped 6.91%, Pinduoduo fell 2.34%, JD.com 1.56% and Baidu 2.53%, while NetEase rose 0.55%. EV makers also declined, with Li Auto down 2.31%, XPeng 3.05% and NIO 4.01%. BOSS Zhipin plunged 20.69% and GDS 12.53%; Alibaba’s market cap stood at about $235.2 billion.
Chinese ADRs Fall, Alibaba Drops Nearly 7%
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