Alibaba was down 2.3% and PDD lost about 3.5%, while JD.com and Nio dropped 4.8% and more than 5%, respectively. The moves come as investors' weigh China'sGet San Diego local news, weather forecasts, sports and lifestyle stories to your inbox.— Shares of the Chinese electric car maker were trading down 7% after the company's earnings results Friday showed a wider-than-expected loss in the second quarter. The company reported a net loss of 2.
The company's adjusted earnings came out to $1.90 per share, exceeding the $1.74 per share expected by analysts polled by Refinitiv. Revenue came in at $6.43 billion, also more than the anticipated $6.16 billion.— Shares of the cosmetics giant took a 4% hit after Estee Lauder reported earnings for its fiscal fourth quarter that beat on earnings and revenue, but lowered its full-year guidance.
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