Chinese ADRs Jump, Driven by Alibaba and Bilibili's Earnings

Tiger Newspress

02-20

Chinese ADRs jumped in morning trading, driven by Alibaba and Bilibili's earnings. YINN rose 9%; Bilibili rose 16%; Alibaba rose 14%; JD.com rose 9%; Baidu rose 5%; PDD Holdings rose 4%; Tencent Music and NIO rose 3%; Li Auto rose 1%.

While Alibaba IDC partners VNET Group surged 22%, GDS Holdings jumped 21%.

China's Alibaba Group Holding on Wednesday topped Wall Street expectations for third-quarter revenue, on strong year-end shopping sales and the success of its strategy to attract cost-conscious consumers.

Bilibili reported earnings and revenue that surpassed analyst expectations. This marks the first GAAP profitable quarter for the Chinese entertainment company.

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YINN rose 9%; Bilibili rose 16%; Alibaba rose 14%; JD.com rose 9%; Baidu rose 5%; PDD Holdings rose 4%; Tencent Music and NIO rose 3%; Li Auto rose 1%.</p><p>While Alibaba IDC partners VNET Group surged 22%, GDS Holdings jumped 21%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9c9a049a002a3c7d7affa81c31817db0\" tg-height=\"480\" tg-width=\"715\" title=\"\"/></p><p>China's Alibaba Group Holding on Wednesday topped Wall Street expectations for third-quarter revenue, on strong year-end shopping sales and the success of its strategy to attract cost-conscious consumers.</p><p>Bilibili reported earnings and revenue that surpassed analyst expectations. This marks the first GAAP profitable quarter for the Chinese entertainment company.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JD","symbol_name":"京東","start_time":0,"source_url":"","article_id":"1154667940","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1154667940","pubTimestamp":1740062665,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Chinese ADRs jumped in morning trading, driven by Alibaba and Bilibili's earnings. 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YINN rose 9%; Bilibili rose 16%; Alibaba rose 14%; JD.com rose 9%; Baidu rose 5%; PDD Holdings rose 4%; Tencent Music and NIO rose 3%; Li Auto rose 1%.While Alibaba IDC partners VNET Group surged 22%, GDS Holdings jumped 21%.China's Alibaba Group Holding on Wednesday topped Wall Street expectations for third-quarter revenue, on strong year-end shopping sales and the success of its strategy to attract cost-conscious consumers.Bilibili reported earnings and revenue that surpassed analyst expectations. This marks the first GAAP profitable quarter for the Chinese entertainment company.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}