Shares of several China-based companies, including $Alibaba Group Holding Ltd(BABA.US)$ and $NIO Inc.(NIO.US)$, are trading higher following economic data showing year-over-year growth in China retail sales for the month of June.
Alibaba is the world's largest online and mobile commerce company. The company operates China's most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer).
Alibaba is trading higher by around 1.75% at $215.18. Alibaba has a 52-week high of $319.32 and a 52-week low of $198.26.
Nio operates in China's premium electric vehicle market. The company designs, jointly manufactures and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence.
Nio is trading higher by around 2.5% at $44.15. Nio has a 52-week high of $66.99 and a 52-week low of $10.46.