Shanghai Composite Index Rose 0.05% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.05% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.11%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.62% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.42%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Alibaba to Trim Investment in XPeng With $391 Million Sell-off