Shares of Alibaba Group Holding Limited fell on Friday, leading a broader decline among U.S.-listed Chinese technology companies. The drop in stock prices followed the announcement of a limited trade truce between the U.S. and China, which investors apparently found underwhelming and insufficient to resolve deeper economic tensions. As a prominent Chinese tech giant, Alibaba is often seen as a proxy for the health of China's technology sector and its relationship with the global market. The negative market reaction suggests that investors remain wary about the ongoing trade and technology disputes, with concerns about unresolved issues overshadowing the temporary relief provided by the truce. Other major Chinese firms like JD.com, Baidu, and PDD Holdings also experienced declines.