U.S.-listed shares of large Chinese companies, including electric-car shaper Nio Inc. and e-commerce elephantine Alibaba Group Holding Inc., tanked connected Friday pursuing quality that ride-sharing institution Didi Global Inc. plans to delist from the New York Stock Exchange.
American depositary receipts of Nio Inc. NIO, -11.19%, which earlier this week reported rising November sales, were disconnected 12% successful precocious trading Friday, poised to extremity the week disconnected much than 20%. Li Auto Inc. LI, -15.95%, different Chinese EV shaper that reported November income this week, fell 16%, putting it connected way for play losses of astir 13%.
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