---
title: "Hong Kong ADRs Experience Decline Following Alibaba's Earnings Miss"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/279854548.md"
description: "Hong Kong's American Depositary Receipts (ADRs) experienced a decline, primarily due to Alibaba's quarterly earnings missing expectations, resulting in a sell-off that saw its ADRs drop over 7% to HKD 122.3. Other ADRs, including JD Group, Tencent, Xiaomi, and Meituan, also fell between 1% and 2.5%. Financial stocks had mixed results, with Hong Kong Exchanges and Clearing and Bank of China ADRs down nearly 1%, while HSBC and Ping An remained stable. Conversely, China Construction Bank ADRs rose over 1% to HKD 8.2."
datetime: "2026-03-19T22:21:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279854548.md)
  - [en](https://longbridge.com/en/news/279854548.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279854548.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/279854548.md) | [English](https://longbridge.com/en/news/279854548.md)


# Hong Kong ADRs Experience Decline Following Alibaba's Earnings Miss

Hong Kong's American Depositary Receipts (ADRs) generally saw a downward trend. According to RTHK, Alibaba's recent quarterly earnings fell significantly short of expectations, leading to a substantial sell-off in its ADRs, which dropped over 7% compared to the previous day's closing price in Hong Kong, translating to HKD 122.3. JD Group, Tencent, Xiaomi, and Meituan ADRs also experienced declines ranging from nearly 1% to over 2.5%. Financial stocks showed mixed results, with ADRs for Hong Kong Exchanges and Clearing and Bank of China falling by nearly 1% or more, while HSBC and Ping An ADRs remained stable. Meanwhile, China Construction Bank ADRs rose over 1%, translating to HKD 8.2. Edited by Fang Jiali.

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