US-listed Alibaba shares fell 1.4% in morning trading on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development.
Chinese EV maker XPeng forecast third-quarter revenue below Wall Street expectations on Monday, hurt by intensifying competition in the domestic auto market. The company's U.S.-listed shares fell 6.6% in morning trading.
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