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<ul class="summary-list"><li>Individual investors have been buying US-listed <keyword id="391548" type="PERSON" weightage="60" keywordseo="Chinese-stocks">Chinese stocks</keyword> as prices slide following Beijing's clampdown. </li><li>Alibaba, Nio, and XPeng are among the top six single stocks scooped up by <keyword id="6416579" type="UNKNOWN" weightage="60" keywordseo="Retail-Investors">retail investors</keyword>, said Vanda Research. </li><li>Retail investors have increasingly become dip buyers, said the firm. </li></ul>Retail investors have been buying up shares of Chinese electric vehicle makers <a href="https://markets.businessinsider.com/stocks/nio-stock">Nio</a> and <a href="https://markets.businessinsider.com/stocks/xpev-stock">XPeng </a>and e-commerce heavyweight <a href="https://markets.businessinsider.com/stocks/baba-stock">Alibaba Group</a> during a rout of US-listed Chinese companies set off by Beijing's regulatory clampdown targeting technology and other sectors, according to data released Wednesday. The three Chinese companies were among the top six most purchased single stocks through this week, with Nio drawing in at least $105 million, Vanda Research said in a note. Those companies sat near the top single stock -- <a href="https://markets.businessinsider.com/stocks/aapl-stock">Apple</a> -- as well as by <a href="https://markets.businessinsider.com/stocks/amd-stock">Advanced Micro Devices</a> and <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a>. "After last week's record equity purchases, retail activity has been very subdued for the longest part of this week. But as soon as US equities dropped on Chinese contagion fears, the dip-buying army showed up again," said the research firm whose VandaTrack arm keeps tabs on retail investor activity in 9,000 individual stocks and ETFs. On Monday, <a href="https://markets.businessinsider.com/news/stocks/us-listed-chinese-stocks-adr-china-crackdown-companies-didi-education-2021-7">Chinese stocks in the US plunged to their lowest level in more than a year</a> after Beijing issued new directives that investors see as potentially undercutting profit at online platforms running food delivery services, and regulations that could severely damage the $100 billion education technology, or tutoring, industry. Alibaba shares fell 7% as that company owns food-delivery service Ele.me. Meanwhile, retail investors stepped in to claim shares of Nio and XPeng as institutional investors dumped those stocks on fears that EV makers that amass large amounts of customer data may be targeted next by Beijing, said Vanda. Stocks hurt by the regulatory crackdown pulled in combined retail inflows of $239 million, or roughly 14% of total retail purchases, on Monday. China has been ramping-up an overhaul of business practices and policies, saying its concerns range from cybersecurity, data collection, and privacy issues, high fees, and monopolistic behavior."Chinese ADRs are the latest example of how retail behavior has changed over the past 4 months. From driving triple-digit returns in high multiple stocks, they have turned into dip buyers in underperforming ones," said Vanda.Financials, energy and stocks tied to the reopening of the economy are a few of the sectors where individual investors have cushioned institutional selling, it said. During last Monday's broad-market selloff, retail investors <a href="https://markets.businessinsider.com/news/stocks/retail-investor-activiy-stocks-monday-selloff-etfs-vanda-dow-2021-7">bought a record $2.18 billion in equities. </a>

Retail investors have been buying the dip in Chinese stocks slammed by Beijing's corporate crackdown

<ul><li>The Chinese electric-car maker <keyword id="6762613" type="UNKNOWN" weightage="60" keywordseo="xpeng">Xpeng</keyword> plans to raise $1.5 billion in an <keyword id="35216" type="ENTERTAINMENT" weightage="60" keywordseo="initial-public-offering">initial public offering</keyword>, <a href="https://ir.xiaopeng.com/news/news-details/2020/XPeng-Announces-Pricing-of-Initial-Public-Offering/default.aspx">it said on Thursday</a>.</li><li>The <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> competitor said it would sell 99.7 million American depositary shares at $15 each.</li><li>It increased the total it planned for largely because of strong investor demand for electric-automaker IPOs. Xpeng's initial guidance saw shares selling for $11 to $13 each.</li><li>Other Chinese EV manufacturers including <a href="https://markets.businessinsider.com/stocks/nio-stock">Nio</a> and <a href="https://markets.businessinsider.com/stocks/li-stock">Li Auto</a> have enjoyed strong rallies on US exchanges as investors bet heavily on the future of electric cars.</li><li><a href="https://www.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Visit the Business Insider homepage for more stories</a>.</li></ul>The Chinese automaker Xpeng aims to raise $1.5 billion in an initial public offering on the New York Stock Exchange, <a href="https://ir.xiaopeng.com/news/news-details/2020/XPeng-Announces-Pricing-of-Initial-Public-Offering/default.aspx">the company said on Thursday</a>.The electric-car manufacturer said it would sell 99.7 million American depositary shares at an offering price of $15 each. The level is higher than its previous range of $11 to $13 per share because of strong demand for the offering. Each American depositary share is worth two shares of Xpeng's common stock.The deal's underwriters — <a href="https://markets.businessinsider.com/stocks/cs-stock">Credit Suisse</a>, <a href="https://markets.businessinsider.com/stocks/jpm-stock">JPMorgan</a>, and <a href="https://markets.businessinsider.com/stocks/bac-stock">Bank of America</a> — will hold a 30-day option to buy an additional 15 million shares, Xpeng said. The automaker will trade under the ticker XPEV. Xpeng's shares are expected to begin trading on Thursday, and the offering is set to close on Monday.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-cheap-companies-strong-earnings-morgan-stanley-2020-8" target="_blank" rel="noopener">MORGAN STANLEY: Buy these 12 stocks underappreciated stocks that offer strong profit growth and are due for a surge</a>Xpeng's IPO marks the latest Chinese <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword> rival to raise capital in the US. <keyword id="180384" type="ORGANIZATION" weightage="60" keywordseo="NIO">Nio</keyword> made its market debut in September 2018 at a lower-than-expected offering price but has more than doubled as investors bet heavily on the electric-vehicle revolution. <keyword id="9556435" type="UNKNOWN" weightage="60" keywordseo="Li-Auto">Li Auto</keyword> followed with an IPO on July 30 that raised $1.1 billion.The latest Chinese-automaker IPO follows the opening of Tesla's factory in Shanghai. The facility aims to boost the company's presence in the country and cater to its growing interest in electric vehicles. Tesla began delivering Model 3 sedans in China in December and has since started producing its Model Y crossover in the new factory.Read more: <a href="https://www.businessinsider.com/stock-picking-strategy-from-portfolio-manager-who-spots-100x-winners-2020-8">Chris Mayer wrote the book on how to make 100 times your money with a single stock. He gives an in-depth assessment of the latest company that 'checks all my boxes.'</a>Chinese automakers have enjoyed a second wind after posting weak sales in 2019. Nio led the charge <a href="https://markets.businessinsider.com/news/stocks/nio-stock-price-surges-talks-government-funding-china-tesla-coronavirus-2020-2-1028936520">after receiving roughly $1 billion</a> in funding from state-owned firms. Strong demand for electric-automaker IPOs suggests investors' interest in the sector has only swelled since.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-target-raised-jefferies-battery-innovations-brand-leverage-2020-8-1029537195">Tesla will surge another 19% from current levels on Battery Day hopes, says new biggest Wall Street bull</a><a href="https://markets.businessinsider.com/news/stocks/economic-outlook-coronavirus-resurgence-drive-double-dip-recession-fed-president-2020-8-1029535909">Virus resurgence in the fall could prompt double-dip recession, Kansas City Fed president says</a><a href="https://www.businessinsider.com/real-estate-investing-strategies-wholesale-flip-wholetail-brrrr-chris-naugle-2020-8">Hundreds of flips and dozens of rentals: Here are the 4 real-estate investing strategies HGTV veteran Chris Naugle is leveraging to make sure every deal is a winner</a>

Chinese Tesla competitor Xpeng upsizes IPO, will now raise $1.5 billion amid strong demand

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Retail investors have been buying the dip in Chinese stocks slammed by Beijing's corporate crackdown

Carla Mozée

Chinese Tesla competitor Xpeng upsizes IPO, will now raise $1.5 billion amid strong demand

Ben Winck

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