Chinese Concept Stocks | Alibaba Lists $2.65 Billion Notes on SGX Amid Buyback, JD.com Gains 2.38%
2min read On November 26th (Tuesday), Eastern Time, the three major U.S. stock indices collectively closed higher. The S&P 500 Index rose by 0.57% to 6021.63 points; the Dow Jones Index increased by 0.28% to 44860.31 points; the Nasdaq Index climbed by 0.63% to 19174.30 points.
On November 25th, the Nasdaq Golden Dragon China Index rose by 0.44%.
Among popular Chinese stocks, JD.com increased by 2.38%, Baidu by 1.02%, NetEase by 0.95%, while NIO fell by 7.39%, XPeng Motors by 1.98%, Bilibili by 1.74%, Pinduoduo by 1.37%, TSMC by 0.69%, and Alibaba by 0.47%.
In terms of continuously rising Chinese stocks, Xiaoying Technology increased by 6.92% over a 9-day streak with a cumulative rise of 13.75%. Amer Sports rose by 0.35% over 7 days, accumulating a 32.44% increase. Hesai Technology saw a 44.42% rise over 7 days, with a total increase of 68.14%. Future Vision increased by 0.20% over 7 days with a cumulative growth of 0.70%. Yatsen E-commerce rose by 4.64% over 6 days, accumulating a 21.85% increase. Mercurity Fintech saw a 23.56% rise over 6 days, accumulating a 108.29% increase. Stellar Fashion increased by 9.41% over a 6-day streak with a cumulative rise of 25.59%.
In contrast, continuously falling Chinese stocks included Boss Zhipin, which fell by 3.64% over 6 days with a cumulative decline of 11.61%. Huya decreased by 1.01% over 6 days, accumulating a 6.35% decrease. Kaisun Holdings saw a 3.50% drop over 6 days, with a cumulative decline of 26.33%. MKDWELL Tech decreased by 3.10% over 6 days with a cumulative drop of 13.32%. ZTO Express fell by 1.05% over 5 days, accumulating a 10.69% decrease. Huazhu Group saw a 5.89% decline over 5 days, with a cumulative drop of 8.51%. Tiancheng Technology fell by 19.19% over 5 days, with a cumulative decline of 45.45%. Huize decreased by 10.34% over 5 days, accumulating a 25.88% decrease. Boqii Pet fell by 1.87% over 5 days, with a cumulative decline of 16.98%. Kaixin saw a 1.51% decrease over 5 days, with a cumulative drop of 23.74%.
Alibaba announced that three notes totaling $2.65 billion will be listed on the Singapore Exchange on November 27th. The notes include a $1 billion note due in 2030 with a 4.875% coupon rate, a $1.15 billion note due in 2035 with a 5.250% coupon rate, and a $500 million note due in 2054 with a 5.625% coupon rate.
On November 25th, Alibaba repurchased 3.76 million shares for $39.97 million.
Huawei, in collaboration with Alipay, optimized the tap-to-pay feature on the newly released Mate 70 phone, enabling payment with just a screen tap.
Liu Deyin, former chairman of TSMC, plans to establish an industrial think tank in the U.S. to study American policies from an industrial perspective rather than a political one.
Zhihu's Q3 2024 financial report showed revenue of 845 million yuan, with a net loss reduction of 96.8% year-on-year to 9 million yuan.
Alibaba Cloud's AI platform PAI has become the first in China to pass the ITU-T F.AICP-GA international standard, demonstrating its leading capabilities in AI cloud platforms.
On November 26th, the Chongqing Municipal Government and JD Group signed a comprehensive strategic cooperation framework agreement to deepen cooperation in various fields such as retail, technology, logistics, and more.
William Li, founder of NIO, emphasized the need for systematic efficiency improvements to remain competitive in the changing market environment.
XPeng Motors announced a patent for a VR remote operation robot system, which improves robotic control precision.
Yuhui Tongxing (Beijing) Technology Co., Ltd. obtained a business performance license, allowing it to establish a domestic performance brokerage agency.
The TSMC's new 2nm plant in Kaohsiung held its equipment installation ceremony, with Apple and AMD expected to be the first customers.
JD issued a statement saying that some individuals spreading rumors against JD have been dealt with by law enforcement, emphasizing that the internet is not a lawless space.