U.S.-listed Chinese stocks rose, Bilibili, NetEase up over 6%, Alibaba gaining over 4%
U.S.-listed Chinese stocks experienced significant pre-market gains on July 2, 2025, with notable increases in NetEase Inc. (NTES) and Bilibili Inc. (BILI). NetEase Inc. saw a 6.13% rise, while Bilibili Inc. gained over 6%. Alibaba Group Holding Ltd. (BABA) also showed strength, increasing by over 4%.
The pre-market surge in NetEase Inc. can be attributed to expectations surrounding its second-quarter earnings report, scheduled for August 14, 2025. Analysts forecast a 10.02% year-over-year increase in revenues, with projections set at $3.86 billion [1]. The consensus estimate for earnings per share (EPS) stands at $2.04, reflecting a 23% increase from the previous year's $1.66. The gaming division, bolstered by the success of titles like Marvel Rivals and FragPunk, is expected to drive this growth. Additionally, NetEase's diverse portfolio, including online gaming, advertising, education technology, music streaming, and e-commerce, positions the company for continued growth. Historically, NTES has demonstrated strong post-earnings performance, with a 65.00% win rate in the three days following earnings releases and a 80.00% win rate over 30 days, including a maximum observed return of 15% during this period.
Bilibili Inc. also saw a significant pre-market gain, with analysts attributing the increase to its strong performance in the online video streaming market. The company's user engagement and content offerings continue to attract a large and loyal user base, driving growth in its revenue streams.
Alibaba Group Holding Ltd. (BABA) experienced a 4% gain, which can be attributed to its robust e-commerce and cloud computing businesses. The company's strategic partnerships and investments in emerging technologies, such as AI and blockchain, are expected to drive future growth.
These pre-market gains reflect investor confidence in the long-term prospects of these Chinese tech giants, as well as their ability to navigate the global market. As these companies continue to expand their services and enter new markets, investors remain optimistic about their potential for growth and profitability.
References:
[1] https://www.ainvest.com/news/netease-soars-6-13-earnings-report-2508/
Comments
No comments yet