Hong Kong stocks fluctuate | Xiaopeng Motors-W (09868.HK) falls more than 3% Alibaba reduced its holdings of Xiaopeng Motors by 3.08 million shares in the first quarter.

According to the AI Finance App, XPeng Motors-W (09868.HK) fell by more than 3%, dropping 3.52% to HK$78.05 as of the time of publication, with a trading volume of HK$601 million.