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Shares of major U.S.-listed Chinese companies traded mostly higher in Hong Kong on Thursday. Li Auto Inc LI led the rally in the electric vehicle segment, while Nio Inc NIO and Xpeng Inc XPEV gained at least 4% each. Elsewhere, Shanghai's SSE Composite Index gained 0.45%, Singapore's SGX...

Jack Ma-founded Alibaba Group and Ant Financial are reportedly eyeing to disentangle their operations from each other in a bid to stave off any potential regulatory threat. Through its Pakistan e-commerce subsidiary Daraz, Alibaba expanded its reach across Bangladesh, Sri Lanka, Nepal, and Myanmar.
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