Nio Inc - ADR (NYSE: NIO) shares are trading lower by 7.30% to $7.68 Tuesday morning amid U.S.-China tensions and concerns over China's economic recovery. Ongoing geopolitical tensions, worries over a new COVID wave and concerns over a slow economic recovery in China have sent NIO shares lower by some
Alibaba's shares plummet 75%, dipping below $77, while its cloud unit faces an IPO withdrawal. The e-commerce giant grapples with internal challenges, a $2.8 billion fine, and market positioning concerns amid broader IPO hurdles.