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Alibaba shares slide as AI deal with Apple faces U.S. scrutiny

Alibaba’s stock dropped as much as 4.8% on Monday in Hong Kong, leading declines on the Hang Seng China Enterprises Index.

Charlotte Yang

Analysts are cutting price target for both stocks as the two Chinese tech giants battle to steal each other's market share.

“I think a lot of things are not yet priced in,” said Bush Chu, an investment manager at Aberdeen Investments.

Morgan Stanley calls Pop Mart a “global brand in the making.”

The Hang Seng China Enterprises Index has jumped more than 30% over the past month, making it the best performer among more than 90 global equity...