Hot Chinese concept stocks continued to rebound in premarket trading
Hot Chinese concept stocks continue to rebound in premarket trading.Alibaba,JD.com, Pinduoduo,Baidu,DiDi Global,Nio,Xpeng Motors and Li Auto climbed between 3% and 5%.
Nio Considers Listing In Mainland China In Addition To Hong Kong: Report
What Happened: Nio’s peer XPeng Inc., whose shares debuted last week on the Hong Kong stock exchange in a dual primary listing, is also considering a listing in China's A-share market in the future, as per the report.Xpeng CEO He Xiaopeng said in March that he bought shares in Nio during the latter’s toughest time in 2019 in order to avoid the failure of homebred Chinese EV companies.Why It Matters: It was reported in March that the U.S. listed-Chinese EV trio of Xpeng, Nio and Li Auto Inc.LI ha
Can Alibaba Turn Around Its Woes in the Second Half of 2021?
Alibaba has been a sore laggard compared with its large- and mega-cap peers. Can that change in the second half of 2021?Alibaba -Get Report has been a total dog so far this year. Shares were trading well into the fourth quarter of 2020 but then a string of issues pummeled the stock.Regulators disrupted Ant's initial public offering, then dug deeper on Alibaba and dialed up the heat.Investors don’t like regulatory issues as it is but particularly when we’re dealing with Chinese regulators.Howeve