Invesco Golden Dragon China ETF (NASDAQ: PGJ)

Últimas noticias sobre Invesco Golden Dragon China ETF (NASDAQ:PGJ)

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PowerShares Golden Dragon China Portfolio

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The generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of U.S. exchange-listed companies that are headquartered or incorporated in the Peoples Republic of China. The fund is non-diversified.

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PowerShares Golden Dragon Halter USX China Portfolio

NIO impresiona con un test de conducción autónoma completa y avanza con su sistema NWM. Las acciones suben casi un 3 % este viernes.

NIO sube en Bolsa tras mostrar su tecnología de conducción autónoma sin intervención

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TCOM

Trip.com reportó un BPA superior al esperado y un aumento en ingresos. Sin embargo, sus acciones caen antes de la apertura del mercado.

Acciones de Trip.com (TCOM) caen pese a sólidos resultados trimestrales

KARS

NIO reporta ingresos sólidos en el segundo trimestre y sus acciones suben tras mejoras en calificaciones y objetivos de entrega.

Acciones de NIO suben tras publicación de resultados del 2T

Alibaba might have flown under the radar recently, but two of its recent moves could position it as one of the most tantalizing names to watch in China-led ETFs. With a new push into next-gen artificial intelligence and an exploding instant commerce model already at 40 million orders per day, the Chinese technology behemoth is quietly rewriting its growth narrative — and, quite possibly, realigning the trajectories of several <a href="https://www.benzinga.com/etfs">thematic ETFs</a> along the way.
Let&#8217;s break down how Alibaba is combining AI innovation and retail reinvention into a double-barrel growth play that&#8217;s impossible to ignore.
<h2 class="wp-block-heading">Qwen 3: Alibaba&#8217;s AI Gets An Apple Upgrade</h2>
On Monday, Alibaba Cloud announced the Qwen 3 family of <a href="https://www.benzinga.com/markets/tech/25/06/45975004/alibaba-updates-llms-to-power-ai-on-apple-devices-in-china">open-source AI models</a>, per a Reuters report. They are powerful, multilingual, multi-modal, and include a feature that sets them apart in the competitive LLM race: complete compatibility with Apple&#8217;s new MLX machine learning platform.
This implies Qwen 3 models are able to operate natively on Apple devices such as iPhones, iPads, and Macs, a potential game-changer in China, where cloud AI is limited by aggressive data sovereignty regulations. By supporting on-device AI in harmony with local controls, Alibaba has reversed what was previously a bottleneck into a distribution benefit.
More significantly, it makes Alibaba not only another AI infrastructure vendor, but a prominent facilitator of consumer-facing AI in China, a space not yet fully addressed by most U.S.-centric AI ETFs.
<h2 class="wp-block-heading">Instant Commerce: 40 Million Daily Orders In Record Time</h2>
Prior to this, Alibaba also <a href="https://www.benzinga.com/markets/25/05/45165898/alibaba-accelerates-taobao-instant-commerce-launch-heats-up-rivalry-with-jd-com-meituan" target="_blank" rel="noopener">quietly introduced an enhanced &#8220;instant commerce&#8221; platform</a> through Taobao on May 2, driven by its food delivery business, Ele.me. In a matter of weeks, the service reached 40 million daily transactions, providing one-hour grocery delivery for consumers, as well as meals and lifestyle products.
It also keeps Alibaba ahead of legacy e-commerce players, whose growth is decelerating due to macro headwinds and increasing consumer fatigue. Instant commerce offers repeat use, increased conversion, and cross-category monetization, music to the ears of ETF managers.
<h2 class="wp-block-heading">Why ETFs Must Take Notice</h2>
Alibaba&#8217;s double-down on instant retail and AI exactly aligns with two hot ETF themes: next-gen technology and digital consumer expenditures. The firm is a leading name in most China-biased ETFs:
<ul class="wp-block-list">
<li>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) – 9.10% Alibaba exposure</li>
<li>iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) – 10%</li>
<li>Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) – 7.38%</li>
<li>Franklin FTSE China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLCH#NYSE">FLCH</a>) – 8.99%</li>
</ul>
While the rest of the world&#8217;s AI ETFs, like Global X AI &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) and WisdomTree AI &amp; Innovation Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WTAI#BATS">WTAI</a>), remain dominated by U.S. exposure, that may now change with Alibaba venturing into open-source territory.
That could be the prelude to more widespread China tech rerating, particularly as investors seek out AI plays beyond Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and e-commerce tales beyond Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
<h2 class="wp-block-heading">The Bottom Line</h2>
What sets Alibaba apart here is not simply that it&#8217;s playing both in AI and retail but that it&#8217;s connecting them strategically. On-device Qwen models might one day drive personalized shopping recommendations, voice-commerce, or even AI-enhanced delivery services within its platform.
That is to say, BABA isn&#8217;t merely pursuing trends. It&#8217;s creating connective tissue among them.
For ETF investors, it&#8217;s a rare occurrence, exposure to two high-growth verticals through one single, large-cap anchor.
Read Next: 
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<li><a href="https://www.benzinga.com/news/25/06/45999567/uup-vs-the-herd-contrarian-dollar-etfs-in-focus-as-sentiment-hits-20-year-low">UUP Vs. The Herd: Contrarian Dollar ETFs In Focus As Sentiment Hits 20-Year Low</a></li>
</ul>
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AMZN

FLCH

KWEB

MCHI

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WisdomTree Trust WisdomTree Artificial Intelligence and Innovation Fund

WTAI

Alibaba's High-Speed Comeback: The AI-Commerce Cocktail Lifting ETF Hopes

After years of being the poster child for China&#8217;s regulatory reckoning, Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is now sending a different sort of signal to shareholders: It&#8217;s back, it&#8217;s profitable and it&#8217;s on the AI wave on a large scale. And for <a href="https://www.benzinga.com/etfs">ETF investors</a>, its return may be more than a BABA-centric tale, which might be a sign of a wider reawakening for China-centric tech ETFs.
The Numbers Don&#8217;t Lie, They Shout
Alibaba&#8217;s most <a href="https://www.benzinga.com/news/earnings/25/05/45437447/alibaba-stock-slides-5-after-revenue-miss-cloud-spend-hits-free-cash-flow">recent quarterly earnings</a> showed that the company&#8217;s revenue increased 7% year-over-year in the March quarter, which was a miss. However, operating income skyrocketed 93%, and adjusted EBITA jumped 36%. The jaw-dropping number? Net income expanded to $1.65 billion, an eye-opening 1,203% jump from the prior-year period. Even stripping out one-time gains, non-GAAP net income was up 22%. The company has also stepped up expenses, cut share-based compensation in half, and streamlined its sprawling platforms—all while accelerating cash flow by 18%. For a company once seen as a regulatory landmine, Alibaba is now flexing financial discipline and strategic clarity.
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45620670/alibaba-eyes-growth-in-other-markets-as-us-ties-strained-says-chairman">Alibaba Eyes Growth In Other Markets As US Ties Strained, Says Chairman</a> Alibaba&#8217;s Not-So-Secret Weapon
As e-commerce remains the company&#8217;s anchor business, Alibaba&#8217;s Cloud Intelligence Group is shaping up to be the next significant growth driver. The cloud unit increased revenue by 18% YoY to $4.15 billion, while adjusted EBITDA surged 69%. But the real news is what&#8217;s fueling that growth: artificial intelligence.
Alibaba has now reported seven straight quarters of triple-digit revenue growth from AI-driven cloud products. CEO Eddie Wu has referred to generative AI as the key driver here, a trend that international investors are following closely, particularly as AI emerges as the next wave across enterprise and consumer applications. The ETF Implication: Who&#8217;s Holding The Bag (In A Good Way)?
For&nbsp;investors&nbsp;in&nbsp;ETFs who want&nbsp;to&nbsp;play&nbsp;Alibaba&#8217;s&nbsp;rebound&nbsp;without&nbsp;committing&nbsp;all&nbsp;to&nbsp;a&nbsp;single&nbsp;stock,&nbsp;there&nbsp;are many&nbsp;funds&nbsp;with&nbsp;significant&nbsp;exposure: KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>)
With 12% weighting in Alibaba, KWEB has been a favorite among those wagering on the Chinese internet rebound. The ETF also provides some exposure to Tencent (OTCPK: TCEHY), JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and Meituan, providing diversified access to the group. Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>)
This fund invests in U.S.-listed Chinese shares, such as Alibaba (8% weightage), and goes heavy on tech-heavy names. It provides a pure play for those interested in the innovation economy of China without having to contend with A-shares. iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>)
A more diversified China play and a significant position in Alibaba (~10%), MCHI may attract investors who want to mix tech with some exposure to financials, real estate, and industrials. Not All Dragons Breathe Fire
While Alibaba&#8217;s Q4&nbsp;results&nbsp;are&nbsp;certainly&nbsp;to be applauded, it&#8217;s not&nbsp;a&nbsp;decade&nbsp;of&nbsp;peace&nbsp;and&nbsp;prosperity&nbsp;on the China tech horizon. The&nbsp;larger&nbsp;China tech&nbsp;story&nbsp;is&nbsp;still&nbsp;susceptible&nbsp;to geopolitical&nbsp;stress,&nbsp;local&nbsp;regulator&nbsp;switches, and sentiment investor turns. ETFs can insulate single-stock risk but aren&#8217;t proof against macro headwinds.
Nevertheless, the green shoots are difficult to overlook. Following years of investor doubts, Alibaba&#8217;s robust quarter may be the catalyst China tech ETFs have been waiting for.
For ETF investors, particularly those who hold long positions in KWEB, PGJ, and MCHI, the last earnings call hinted that the tide could be turning for China tech. With AI traction, cloud profitability, and a solid core commerce engine, Alibaba no longer looks like a cautionary tale. The Alibaba stock is up 38% year-to-date.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/25/05/45655155/exxon-stock-vs-chevron-the-11-billion-barrel-oil-war-that-could-shake-up-energy-etfs">Exxon Stock Vs. Chevron: The 11 Billion Barrel Oil War That Could Shake Up Energy ETFs</a></li>
</ul>
Photo: Shutterstock

BABA

TCEHY

China Tech's Revival Starts With Alibaba: ETFs To Watch As The Dragon Wakes

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are trading slightly lower in the <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">premarket session on Wednesday</a>.
The Chinese EV firm is reportedly making strides in its national battery swap network with the completion of initial coverage across all districts in Tianjin, <a target="_blank" href="https://cnevpost.com/2025/05/28/nio-swap-stations-coverage-all-districts-tianjin/" rel="noreferrer noopener">reports</a> CnEV Post.
The report adds that the company&#8217;s energy division, NIO Power, now operates 56 battery swap stations across Tianjin&#8217;s 16 districts, marking another step in its broader &#8220;Power Up Counties&#8221; expansion campaign.
NIO&#8217;s commitment to enhancing electric vehicle infrastructure also extends into northeastern China through a newly formed partnership with ZDK Group, a <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45523879/whats-going-on-with-nio-stock-on-tuesday-3" rel="noreferrer noopener">state-owned firm based in Shenyang</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45637573/chinas-robot-dog-lead-could-outpace-us-humanoid-efforts-says-ark-invest-a-hole-in-tesla-figure-and-apptroniks-portfolio" rel="noreferrer noopener">China&#8217;s Robot Dog Lead Could Outpace US Humanoid Efforts: &#8216;A Hole In Tesla, Figure And Apptronik&#8217;s Portfolio,&#8217; Says Analyst</a>
The alliance will oversee the construction of 100 new battery swap sites across Liaoning, Jilin, Heilongjiang, and Inner Mongolia to support growing EV adoption.
The &#8220;Power Up Counties&#8221; initiative aims to build a dense, accessible network of battery swap stations across county-level regions nationwide. So far, NIO has completed deployment in regions including Beijing, Shanghai, Jiangsu, Zhejiang, and Guangdong.
In Tianjin alone, nearly 1 million battery swaps have been conducted, highlighting significant traction for this model of EV servicing, CnEV Post adds.
Unlike many provinces, Tianjin operates without county-level divisions, focusing efforts instead on urban districts.
This progress comes at a time of intensified competition in China&#8217;s EV sector.
Over the weekend, a <a target="_blank" href="https://www.cnbc.com/2025/05/26/chinas-byd-sees-shares-plunge-8percent-as-ev-maker-cuts-prices.html" rel="noreferrer noopener">CNBC</a> report stated that rival BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) triggered market turbulence by slashing prices on its flagship electric models.
The move, aimed at driving sales and protecting market share, sent shares of NIO, XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) tumbling as investors recalibrated expectations in light of a renewed pricing war.
As the Chinese EV market continues to evolve, investors might consider related exposure through ETFs like the Invesco Golden Dragon China ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Price Action: NIO shares are trading lower by 0.41% to $3.675 premarket at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45612246/nvidia-to-be-hit-by-china-chip-export-curbs-or-deliver-q2-guidance-surprise-after-middle-east-dealmaking-heres-what-charts-show-ahead-of-q1-results" target="_blank" rel="noreferrer noopener">Nvidia To Be Hit By China Chip Export Curbs Or Deliver Q2 Guidance Surprise After Middle East Deal? Here&#8217;s What Charts Show Ahead Of Q1 Results</a></li>
</ul>
Photo by Tada Images via Shutterstock

Asia

BYDDF

BYDDY

XPEV

What's Going On With NIO Stock On Wednesday?

Benchmark analyst Fawne Jiang lowered the price forecast for Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) from $130 to $120 while keeping a price <a target="_blank" href="https://www.benzinga.com/quote/BIDU/analyst-ratings" rel="noreferrer noopener">forecast of a Buy rating</a>.
On Wednesday, the company reported fiscal first-quarter revenue of $4.47 billion, up 3% year over year, topping the analyst consensus <a href="https://www.benzinga.com/news/earnings/25/05/45542202/china-based-baidu-burns-1-2-billion-to-fuel-ai-cloud-growth" target="_blank" rel="noreferrer noopener">estimate of $4.30 billion</a>. 
Adjusted earnings per ADS&nbsp;of $2.55 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a>&nbsp;of $1.96.
The analyst writes that Baidu's first quarter results were strong, and AI Cloud was a standout, growing 42% year over year and delivering margins that outperformed key peers.
Jiang writes that, despite some expected variability tied to project-based revenue, the solid performance has led them to raise the full-year cloud forecast to 25% (from 20% prior), with room for further upside.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45559524/gary-black-calls-tesla-rival-baidus-apollo-go-autonomous-ride-leader-following-eleven-million-paid-robotaxi-rides-milestone" rel="noreferrer noopener">Gary Black Calls Tesla Rival Baidu&#8217;s Apollo Go &#8216;Autonomous Ride Hailing Leader&#8217; Following Eleven Million Paid Robotaxi Rides Milestone</a>
Also, generative AI (GenAI) search is gaining traction faster than anticipated, adds the analyst.
Jiang views management&#8217;s target of over 50% of search queries to be powered by GenAI by mid-year as both a strategic and responsive shift.
Baidu's GenAI-driven search represents a significant departure from traditional models, with promising long-term potential, says the analyst.
Given ongoing uncertainty around monetization timing and effectiveness, the analyst revised the FY25 core advertising revenue forecast to -8% year-over-year (from flat) and adjusted the EPS estimates.
Investors can gain exposure to the stock via&nbsp;MicroSectors FANG ETNs due January 8, 2038 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNGS#NYSE">FNGS</a>) and Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Price Action: BIDU shares are down 1.23% at $84.43&nbsp;at the last check on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45557944/baidus-apollo-go-enters-dubai-and-abu-dhabi-ceo-robin-li-touts-global-robotaxi-lead-with-1-4-million-rides-in-q1" target="_blank" rel="noreferrer noopener">Baidu&#8217;s Apollo Go Enters Dubai And Abu Dhabi, CEO Robin Li Touts Global Robotaxi Lead With 1.4 Million Rides In Q1</a></li>
</ul>
Photo: Shutterstock

Price Target

Reiteration

BIDU

FNGS

Baidu's GenAI Search Accelerates, Analyst Cites Strong Cloud Growth But Lowers FY25 Ad Forecast

Electric automaker NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) announced a new partnership aimed at bolstering energy infrastructure across northeastern China.
NIO Power, the energy unit of the EV manufacturer, signed a strategic agreement with ZDK Group in Shenyang, located in Liaoning province, CnEV Post <a target="_blank" href="https://cnevpost.com/2025/05/20/nio-new-deal-100-swap-stations-northeast-china/" rel="noreferrer noopener">reports</a>, citing&nbsp;an announcement posted on the NIO App.
The collaboration outlines plans to build 100 battery swap stations in Liaoning, Jilin, Heilongjiang and Inner Mongolia to support Nio&#8217;s growing fleet and customer base.
The new agreement is expected to accelerate the development of EV energy stations in high-traffic and industrial areas, including transportation hubs and urban clusters.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/25/05/45338228/chinas-ev-market-surges-past-us-and-europe-chinas-elon-musk-shares-two-stats-that-explain-why" rel="noreferrer noopener">China&#8217;s EV Market Surges Past US and Europe—&#8217; China&#8217;s Elon Musk&#8217; Shares Two Stats That Explain Why</a>
In a separate update, Nio announced the rollout of its refreshed ES6 SUV and EC6 coupe SUV models in China, CnEV Post <a target="_blank" href="https://cnevpost.com/2025/05/20/nio-starts-deliveries-updated-es6-ec6/" rel="noreferrer noopener">reports</a>.
NIO recently revealed a successful internal test of its next-generation <a target="_blank" href="https://www.benzinga.com/news/global/25/05/45469198/whats-going-on-with-nio-stock-on-friday" rel="noreferrer noopener">autonomous driving platform</a>. Using its proprietary NIO World Model, the company&#8217;s vehicle completed an entire journey autonomously, showcasing major strides in its driver-assistance development.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NIO stock has lost over 23% in the past year. Investors can gain exposure to the stock via&nbsp;Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Price Action: NIO shares are trading lower by 0.99% to $4.00 at last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45520017/why-morgan-stanley-remains-bullish-on-tesla" target="_blank" rel="noreferrer noopener">Why Morgan Stanley Remains Bullish On Tesla</a></li>
</ul>
Image by Robert Way via Shutterstock

What's Going On With NIO Stock On Tuesday?

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are trading higher on<a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener"> Friday morning</a>.
The Chinese electric vehicle manufacturer reportedly showcased the capabilities of its next-generation driver assistance system, powered by its proprietary Nio World Model technology.
The company revealed the results of an internal test where its vehicle executed a complete autonomous journey using NWM, marking a key milestone in its smart driving strategy, CnEV Post <a target="_blank" href="https://cnevpost.com/2025/05/16/nio-shows-nwm-driver-assist-video/" rel="noreferrer noopener">reports</a>.
Harry Wong, head of smart driving products at Nio, shared a video demonstrating a point-to-point autonomous test run — from a residential basement parking lot to an office campus spot — spanning 39.3 kilometers.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/management/25/05/45180224/these-ev-makers-could-shine-if-musk-leaves-tesla" rel="noreferrer noopener">These EV Makers Could Shine If Musk Leaves Tesla</a>
The report adds that the car navigated the entire trip without human input, handling 23 traffic lights and highway toll stations along the route.
NIO plans to provide deeper insights into the NWM platform during the official debut of its ES6 SUV and EC6 Coupe SUV models.
Wong also confirmed that the first version of NWM was finalized a day prior and encouraged anticipation from users on the Banyan and Cedar systems.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, Nio stock has decreased over 21% in the past year. Investors can gain exposure to the stock via Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Recently, the firm revealed that its advanced steer-by-wire system, featured in the ET9 executive sedan, has <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45376387/whats-going-on-with-nio-stock-on-tuesday" rel="noreferrer noopener">secured a key regulatory approval in Europe.</a>
This development positions the electric vehicle manufacturer as a global frontrunner in deploying next-generation driving technologies.
NIO Price Action: Nio shares are trading higher by 2.88% to $4.11 at publication on Friday.
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</ul>
Photo: Robert Way via Shutterstock.com

What's Going On With NIO Stock On Friday?

KE Holdings Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) shares are trading lower premarket on Thursday after the&nbsp;company&nbsp;reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45431161/ke-holdings-inc-announces-first-quarter-2025-unaudited-financial-results" rel="noreferrer noopener">first-quarter FY25 results</a>.
Net revenues rose&nbsp;42.4% year-over-year (Y/Y) to 23.3 billion&nbsp;Chinese Yuan&nbsp;($3.21 billion), beating the consensus of&nbsp;$3.09 billion.
Mobile monthly active users (MAU) averaged 44.5&nbsp;million in the quarter, vs. 47.7 million a year ago quarter.
Gross transaction value (GTV) reached 843.7 billion Chinese Yuan&nbsp;($116.3&nbsp;billion), up&nbsp;34.0% year-over-year.
GTV existing home transactions grew&nbsp;28.1% Y/Y to 580.3 billion Chinese Yuan&nbsp;($80.0&nbsp;billion), while new home transactions increased&nbsp;53.0% Y/Y to 232.2 billion&nbsp;Chinese Yuan&nbsp;($32.0 billion).
Home renovation and furnishing GTV rose&nbsp;22.3% Y/Y to 2.9 billion&nbsp;Chinese Yuan&nbsp;($0.4 billion), and home rental services surged&nbsp;93.8% Y/Y to 5.1 billion&nbsp;Chinese Yuan&nbsp;($0.7 billion).
Gross profit increased by&nbsp;17.0% Y/Y to 4.8 billion&nbsp;Chinese Yuan&nbsp;($0.7 billion).
Gross margin declined to&nbsp;20.7% from&nbsp;25.2% due to a lower proportion of net revenues and lower contribution margin from existing home transaction services.
Adjusted EBITDA rose to 1.84 billion&nbsp;Chinese Yuan&nbsp;($254&nbsp;million) from 1.67 billion Chinese Yuan in the same period last year.
Adjusted earnings per ADS stood at 1.19 Chinese Yuan. In USD, the adjusted EPS of&nbsp;$0.16 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">is in line with the consensus</a>.
As of March 31, 2025, cash, cash equivalents, restricted cash and short-term investments stood at 54.8 billion Chinese Yuan&nbsp;($7.6 billion).
As of March 31, 2025, the number of stores rose to 56,849, an increase of&nbsp;28.6% Y/Y, with active stores up&nbsp;29.6% to 55,210.
Stanley Yongdong Peng, Chairman of the Board and Chief Executive Officer of Beike, said, &#8220;Building on the stable market performance and the continued effectiveness of our growth strategy, our business maintained strong growth in the first quarter, with our total transaction value increasing by 34.0% year-over-year and net revenues rising by 42.4%.&#8221;
&#8221;Our housing transaction services continue to significantly outperform the market. Our platform continually empowers more industry partners, with the numbers of active stores and agents increasing notably by 29.6% and 23.0% year-over-year, respectively, and with improvements in both agent and store efficiency.&#8221;
Mr. Tao Xu, Executive Director and Chief Financial Officer of Beike, added, &#8220;In the first quarter, the market performance was very stable, continuing the positive impact resulting from the policies implemented in September last year. National new home sales remained relatively flat year-over-year in the first quarter, better than the substantial year-over-year decline in the same period last year, and the existing home market remained at a high level in activity.&#8221;
Investors can gain exposure to the stock via&nbsp;Global X PropTech ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTEC#NASDAQ">PTEC</a>) and&nbsp;Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>)
Price Action: BEKE shares are down 5.44% at $19.13 premarket at the last check on Thursday.
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</ul>
Photo: Shutterstock

BEKE

PTEC

BEKE's Q1 Revenue Soars 42%, Transaction Value Surges 34% as China's Housing Market Stabilizes

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares saw<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> modest gains on Friday</a>. The electric vehicle maker reportedly revealed plans to refresh several of its key models.
The company confirmed it will begin accepting pre-orders on Saturday, May 10, for updated versions of its ES6 SUV, EC6 coupe SUV, and its ET5 and ET5 Touring sedans, <a target="_blank" href="https://cnevpost.com/2025/05/09/nio-pre-orders-updated-es6-ec6-may-10/" rel="noreferrer noopener">reports </a>CnEV Post.
The report adds that NIO noted that showroom displays of the revamped ES6 and EC6 will be available across China starting May 10.
The EV firm reported 23,900 vehicle deliveries in April,<a href="https://www.benzinga.com/25/05/45134925/chinese-ev-companies-see-huge-april-growth-xpeng-surges-273-in-deliveries" target="_blank" rel="noreferrer noopener"> marking a 53% jump year-over-year.</a>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/management/25/05/45180224/these-ev-makers-could-shine-if-musk-leaves-tesla" rel="noreferrer noopener">These EV Makers Could Shine If Musk Leaves Tesla</a>
Of those, 19,269 came from its flagship NIO brand, while 4,400 units were attributed to its family-focused line Onvo, and the remaining deliveries were early orders for its newest premium sub-brand, Firefly, officially launched in late April.
Last month, NIO&#8217;s Onvo unit made waves at the 2025 Shanghai Auto Show by <a href="https://www.benzinga.com/25/04/44968005/whats-going-on-with-chinese-ev-manufacturer-nio-stock-on-wednesday" target="_blank" rel="noreferrer noopener">unveiling its new large SUV, the L90.</a>
The vehicle stands out with its spacious design, stretching over 5.1 meters in length and exceeding 3.1 meters in wheelbase. It targets families and comfort-focused buyers.
To date, as of April 30, 2025, NIO has delivered 737,558 vehicles cumulatively, demonstrating steady expansion across its growing brand portfolio.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NIO stock has lost over 25% in the past year. Investors can gain exposure to the stock via&nbsp;Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Price Action: NIO shares are trading higher by 0.88% to $4.005 at last check Friday.
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</ul>
Photo: Shutterstock

What's Going On With NIO Stock Today?

Chinese electric vehicle maker&nbsp;NIO, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are trading lower premarket on Friday after the company reported fiscal&nbsp;fourth-quarter&nbsp;revenue of 19.70 billion Chinese yuan&nbsp;($2.70 billion), up 15.2%&nbsp;year-over-year and up&nbsp;5.5%&nbsp;sequentially. Analysts, on average, estimated <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44431868/nio-inc-reports-unaudited-fourth-quarter-and-full-year-2024-financial-results" rel="noreferrer noopener">revenue of&nbsp;$2.85 billion for the quarter</a>.
Excluding items, the company reported an adjusted loss per share per ADS of 3.17 Chinese yuan or 43 cent loss compared to a 2.81 Chinese <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">yuan loss in the year-ago quarter</a>. Analysts had called for a&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">loss of 42 cents per ADS</a>.
Vehicle deliveries were 72,689&nbsp;in the quarter, up&nbsp;45.2%&nbsp;Y/Y and&nbsp;17.5%&nbsp;Q/Q. Consequently, vehicle revenue rose by&nbsp;13.2%&nbsp;Y/Y and increased by&nbsp;4.7%&nbsp;Q/Q.
Nio delivered 13,863&nbsp;vehicles in January 2025 and 13,192 vehicles in February 2025. As of February 28, 2025, the cumulative number of NIO vehicle deliveries reached 698,619.
Gross margin for the quarter expanded to&nbsp;11.7%, up from&nbsp;7.5%&nbsp;a year ago and&nbsp;10.7%&nbsp;the previous quarter, as vehicle margin expanded Y/Y from&nbsp;11.9%&nbsp;a year ago to&nbsp;13.1%.&nbsp;
As of December 31, 2024, cash and cash equivalents, restricted cash, short-term investments, and long-term time deposits totaled 41.9 billion Chinese yuan&nbsp;($5.7 billion).
Read: <a target="_blank" href="https://www.benzinga.com/25/03/44424848/nio-q4-earnings-preview-catl-battery-swap-deal-onvo-vehicles-top-items-to-watch" rel="noreferrer noopener">Nio Q4 Earnings Preview: CATL Battery Swap Deal, ONVO Vehicles Top Items To Watch</a>
NIO founder, Chair, and CEO William Bin Li said, &#8220;In 2024, we achieved a new delivery record of 221,970 vehicles. Throughout the year, NIO brand maintained its position as the leader in China&#8217;s BEV market for vehicles priced over RMB300,000, capturing a 40% market share.&#8221;
&#8220;The market share of the ONVO L60 has been steadily increasing since its launch, securing a top-three position in China&#8217;s BEV SUV market priced between RMB200,000 and 300,000.&#8221;&nbsp;
&#8220;NIO brand will further solidify its premium positioning by introducing more technology and experience-driven products. ONVO brand, targeting the mainstream mass market, will concentrate on increasing its sales volume and enriching its product portfolio. Firefly&#8217;s model will be officially launched and begin deliveries in April, serving as a key driver for our future international expansion.&#8221;
Outlook: NIO expects first-quarter deliveries of 41,000 and 43,000 vehicles, reflecting a<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> Y/Y increase of 36.4% to 43.1%</a>.
The company projects revenues between RMB12.367 billion ($1.694 billion) and RMB12.859 billion ($1.762 billion), representing an increase of approximately&nbsp;24.8%&nbsp;&#8211; 29.8%&nbsp;from the same quarter of 2024.
Investors can gain exposure to the stock via&nbsp;Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and VanEck Low Carbon Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMOG#NYSE">SMOG</a>).
Price Action: NIO shares are down 4.25% at $4.52 premarket at the last check Friday.
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</ul>
Photo by Sundry Photography on Shutterstock.

Guidance

SMOG

NIO Q4 Earnings: Revenue & EPS Miss, 45% Delivery Growth, Margin Gains And More

H World Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) shares are trading higher on Thursday after the company <a href="https://www.benzinga.com/pressreleases/25/03/g44412377/h-world-group-limited-reports-fourth-quarter-and-full-year-of-2024-unaudited-financial-results" target="_blank" rel="noreferrer noopener">reported fourth-quarter results</a>.
<ul>
<li>Adjusted earnings per ADS of 14 cents,&nbsp;missed the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst consensus of 27 cents</a>.</li>
<li>Quarterly sales of&nbsp;$825 million&nbsp;beat the street view of&nbsp;$798.17 million.</li>
<li>Revenue rose by&nbsp;7.8% year-over-year (Y/Y), exceeding the previously forecasted&nbsp;guidance&nbsp;of&nbsp;an increase of&nbsp;1%&nbsp;to 5% for the&nbsp;fourth quarter of 2024.</li>
<li>Revenue from the Legacy-Huazhu segment grew by&nbsp;9.2% Y/Y, aligning with the previously announced&nbsp;1% to&nbsp;5%&nbsp;guidance, while revenue from the Legacy-DH segment saw a&nbsp;2.9% Y/Y increase.</li>
<li>As of Dec. 31, 11,147 hotels and over one million hotel rooms were in operation.</li>
<li>In the&nbsp;quarter, revenue from leased and owned hotels&nbsp;was&nbsp;$462&nbsp;million, representing a decline of&nbsp;2.3% Y/Y and 8.6% Q/Q.</li>
<li>Revenue from franchised hotels in the quarter was $342 million, representing a 24% Y/Y growth.</li>
<li>Hotel turnover increased 16.5% Y/Y in the fourth quarter. Adjusted EBITDA reached $171 million in the quarter.</li>
</ul>
Dividend: The board has approved the declaration and payment of a cash dividend in the aggregate amount of around $300 million, of $0.097 per share, or $0.97 per ADS for the second half of 2024.
The dividend is payable on April 23, 2025 to shareholders of record as on on April 9, 2025.
Buyback: In July 2024, H World introduced a three-year Shareholder Return Plan of up to $2 billion.
For 2024, the Board declared $500 million in cash dividends, and the company repurchased approximately $267 million in shares.
These combined returns total $767 million, exceeding one-third of the plan and accounting for over 80% of the company's free cash flow for the year.
Outlook: As of Dec. 31, the company had cash and cash equivalents of $1.0 billion and restricted cash of $7 million.
For the first quarter, the company anticipates revenue growth of 0%-4% and 3%-7%<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener"> excluding the DH segment.</a>
For 2025, the company projects revenue growth of 2%-6% or 5%-9% excluding DH.&nbsp;
For 2025, H World anticipates to open around 2,300 hotels and close around 600 hotels.
H World CEO Jin Hui noted that Legacy-Huazhu opened over 2,400 new hotels in 2024. That exceeds the company&#8217;s initial target of 1,800 hotels.
&#8221;While Legacy-Huazhu&#8217;s full-year RevPAR declined slightly year-over-year from a high base last year, Legacy-Huazhu maintained a high occupancy rate of 81.2%, which we believe is encouraging given the speed of our network expansion,&#8221; Hui added.
Investors can gain exposure to Alibaba through&nbsp;Invesco Golden Dragon China ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>)&nbsp;and Defiance Hotel, Airline, and Cruise ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUZ#NYSE">CRUZ</a>).
Price Action:&nbsp;H World Group shares are up 0.80%&nbsp;at&nbsp;$38.36&nbsp;premarket at the last check Thursday.
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</ul>

CRUZ

HTHT

H World Posts Q4 Revenue Beat, Projects 6% Revenue Growth For 2025

The Hang Seng Index on Monday was affected by worldwide signals, especially the soon-to-be-held U.S. Federal Reserve meeting and the announcement of Hong Kong&#8217;s February 2025 unemployment rate. The index closed nearly 1% higher. This upbeat action came after <a href="https://www.benzinga.com/topic/china">China&#8217;s better-than-forecast</a> retail sales figures.
The Hang Seng TECH Index also increased by over 2% on March 14th, and remained largely flat Monday, reflecting the strength in the tech sector. Market sentiment seemed to be cautiously optimistic, waiting for more cues from the Fed and the local unemployment figures. 
Also Read: <a href="https://www.benzinga.com/markets/equities/25/03/44350873/nvidia-faces-new-ai-challenge-as-chinese-start-up-unveils-framework-to-cut-reliance-on-its-gpus">Nvidia Faces New AI Challenge As Chinese Start-Up Unveils Framework To Cut Reliance On Its GPUs</a>
There&#8217;s growing investor interest in ETFs tracking Chinese AI stocks as leaders like Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) continue to lead the charge in AI technology. Recent news reports showcase that there&#8217;s a lot of excitement building up China&#8217;s emerging sector in artificial intelligence. 
Investors are anticipating a chance to benefit from China&#8217;s tech success story as it competes on a global scale. China is blowing up thanks to tech, and there&#8217;s potential for people who invest.
For&nbsp;American&nbsp;investors&nbsp;looking&nbsp;to get&nbsp;a piece of <a href="https://www.benzinga.com/topic/china">China&#8217;s&nbsp;growing&nbsp;AI&nbsp;industry</a>,&nbsp;ETFs&nbsp;following China&#8217;s AI sector are becoming an increasingly appealing choice. A few of the prominent ETFs with large exposures to Baidu, Alibaba, and other Chinese AI companies include:
KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>): One of the most&nbsp;popular&nbsp;China-tracking&nbsp;ETFs, KWEB&nbsp;offers&nbsp;exposure to&nbsp;large&nbsp;Chinese internet and technology&nbsp;giants,&nbsp;such&nbsp;as&nbsp;Baidu and Alibaba.
iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>): This China ETF covers broad-based AI leaders and other Chinese blue-chip stocks, such as PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>).
Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>): A U.S.-listed ETF that&nbsp;follows&nbsp;U.S.-listed Chinese&nbsp;firms,&nbsp;some&nbsp;of which are leading&nbsp;companies&nbsp;in AI development like Alibaba and Baidu.
Baidu&#8217;s AI Breakthroughs
Baidu <a href="https://www.benzinga.com/25/03/44349635/baidu-says-its-new-ai-is-smarter-than-deepseeks-and-costs-half-as-much-excellent-multimodal-understanding-ability">brought two new AI models </a>to the market that highlight the company's push for leadership in the space. Over the weekend, Baidu introduced Ernie X1, a reasoning model that competes with DeepSeek R1 but at half the price. Additionally, the company launched Ernie 4.5, a multimodal foundation model that Baidu claims outperforms OpenAI's GPT-4.5 in multiple benchmarks while costing just 1% of its counterpart's price.
As part of its AI push, Baidu is releasing its Ernie Bot publicly for the first time ahead of schedule and intends to roll out its most recent models into its product ecosystem, including Baidu Search, China&#8217;s leading search engine. These steps make Baidu a strong competitor in China&#8217;s AI competition and could make it more appealing to ETFs with high exposure to the stock.
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44360533/whats-going-on-with-baidu-shares-monday">What&#8217;s Going On With Baidu Shares Monday?</a>
Alibaba&#8217;s AI Surge
At the same time, Alibaba is also creating ripples in the AI world with its <a href="https://www.benzinga.com/markets/emerging-markets/25/03/44308308/alibaba-unveils-new-ai-powered-app-with-chatbot-image-generation-and-task-automation">Quark AI assistant</a>, which runs on its in-house Qwen reasoning AI model. Quark has been well-received on Chinese social media and is viewed as a potential &#8220;killer app&#8221; in the AI space.
In a&nbsp;dramatic&nbsp;move&nbsp;to&nbsp;deepen&nbsp;its&nbsp;technology&nbsp;advantage, Alibaba&nbsp;said last month&nbsp;it&nbsp;will&nbsp;<a href="https://www.wsj.com/tech/ai/alibaba-to-spend-more-than-52-billion-in-ai-cloud-over-next-three-years-167f46ea">invest&nbsp;</a>$52 billion in cloud computing and AI infrastructure over the next three years. This&nbsp;is&nbsp;the&nbsp;biggest&nbsp;computing project ever&nbsp;funded&nbsp;by a single private&nbsp;firm&nbsp;in China and&nbsp;represents&nbsp;the&nbsp;country&#8217;s&nbsp;overall&nbsp;drive&nbsp;to&nbsp;push the envelope for the top position in&nbsp;AI development.
Economic Rebound And AI Investments Drive Market Optimism
China&#8217;s economy is shifting from pandemic-induced austerity to pro-growth policies to bolster the country&#8217;s crucial sectors. China has <a href="https://www.cnbc.com/2025/03/05/china-reportedly-targets-around-5percent-growth-in-2025-amid-trade-war-worries.html">set </a>its 2025 GDP growth goal at 5%, with an emphasis on economic stabilization, like reviving the real estate  sector after the Evergrande crisis.
This revival is evident in the Hang Seng Index, which recorded its first year-on-year gain in 2024 after 2021 and has continued to rally in 2025 with a 23% year-to-date return. The renewed optimism in the market, along with the fervent AI investment, is making China&#8217;s technology sector more desirable to foreign investors.
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Photo: NESPIX/Shuttestock.com

Emerging Market ETFs

Citigourp Global Markets 2% Protected Notes Linked To The Djia

China's AI Surge Fuels ETF Gains: Baidu, Alibaba Lead The Way

China's annual National People's Congress (NPC) kicked off on March 5 and is set to run until March 11. According to Adam Turnquist, chief technical strategist at LPL Financial, while the NPC may be a rubber stamp for party policies, investors are closely <a href="https://www.benzinga.com/topic/china">monitoring its developments</a>.
The market reaction suggests renewed optimism, with Chinese equities rallying and fixed income markets showing signs of life. The iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) is up 5.48% over the past five days. The KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) is up 9.88% and the iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) has gained 5.90% over the same period.
But is this the real turning point for China's economy &#8211; or just another sugar high?
<h2 class="wp-block-heading">Growth Target: Can China Hit 5%?</h2>
Premier Li Qiang reaffirmed China's 2025 growth target at 5%, marking the third consecutive year of this goal. Turnquist notes that while this target was expected, economists remain skeptical, forecasting closer to 4.5% growth. Economists, however, are skeptical, pegging actual growth closer to 4.5%.
The government's strategy? A mix of fiscal stimulus and accommodative monetary policy. For investors, this means China-sensitive ETFs such as MWEB, FXI and MCHI could see continued momentum if policymakers deliver on pro-growth measures.
Read Also: <a href="https://www.benzinga.com/etfs/emerging-market-etfs/25/03/44089512/3-china-focused-etfs-to-watch-as-stronger-manufacturing-data-stimulus-hopes-boost-sentiment">3 China-Focused ETFs To Watch As Stronger Manufacturing Data, Stimulus Hopes Boost Sentiment</a>
<h2 class="wp-block-heading">Fiscal Deficit Jumps &#8211; More Stimulus Incoming?</h2>
Beijing raised its budget deficit to 4% of GDP, the highest since 1994, to spur domestic demand. Turnquist highlights that this shift signals a commitment to boosting consumption and infrastructure spending. This includes boosting infrastructure and real estate spending, doubling funding for consumer trade-in subsidies and ramping up local government support.
The stimulus push could bode well for infrastructure-heavy ETFs like Global X MSCI China Financials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHIX#NYSE">CHIX</a>) and KraneShares China Infrastructure ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFVG#NYSE">KFVG</a>).
<h2 class="wp-block-heading">Domestic Growth Takes Center Stage</h2>
China is moving away from its export-heavy playbook, prioritizing domestic consumption. The government is also warming up to tech firms, with a new national venture capital fund aimed at reviving the sector. 
That's bullish for consumer and tech-heavy plays such as Invesco Golden Dragon China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NYSE">PGJ</a>) and KraneShares MSCI All China Health Care ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KURE#NYSE">KURE</a>).
<h2 class="wp-block-heading">Markets Are Buying The News</h2>
Chinese stocks welcomed the NPC's stance, with the MSCI China Index jumping 2.8% and now up 16.1% year-to-date. Turnquist points out that the market reaction suggests improving investor confidence, particularly if technical levels hold. The rally is broadening, with over two-thirds of index stocks trading above their 200-day moving average. 
A close above 77 could signal a major breakout, making this a pivotal moment for ETFs like SPDR S&amp;P China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXC#NYSE">GXC</a>).
<h2 class="wp-block-heading">Fixed Income Markets Join The Party</h2>
After months of skepticism, China's bond market is starting to price in better growth prospects. Turnquist observes that rising yields and a steepening yield curve indicate that fixed income investors are beginning to buy into the recovery narrative. Sovereign 10-year yields have rebounded from record lows, and the yield curve is steepening—a sign that bond investors are getting on board with the recovery narrative.
China's latest policy moves are sending strong signals to investors: more stimulus, a pivot to domestic growth and a friendlier environment for tech and infrastructure.
While skepticism remains, market momentum suggests traders are willing to give China the benefit of the doubt—for now. Keep an eye on FXI, MCHI, KWEB, CHIX, KFVG, PGJ, and GXC to ride the potential upside.
Read Next: 
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<li><a href="https://www.benzinga.com/news/25/03/44102063/china-strikes-back-at-trumps-tariffs-with-retaliatory-duties-us-company-sanctions-and-wto-showdown">China Strikes Back At Trump&#8217;s Tariffs With Retaliatory Duties, US Company Sanctions, And WTO Showdown</a></li>
</ul>

Analyst Color

Macro Economic Events

Economics

Analyst Ratings

CHIX

KraneShares Trust KraneShares CICC China 5G and Semiconductor Index ETF

KFVG

KURE

China's Market Rebound: Is The NPC Meeting A Turning Point For Investors?

Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) shares are trading lower premarket on Tuesday.
On Monday, the company reported fourth-quarter adjusted EPS of $0.60, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43927851/trip-com-group-limited-reports-unaudited-fourth-quarter-and-full-year-of-2024-financial-results" rel="noreferrer noopener">surpassing the $0.52 estimate</a>. Net revenue rose 23% year over year (Y/Y) to&nbsp;RMB12.7 billion, primarily driven by stronger travel demand. In USD terms, sales of $1.75 billion exceeded<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener"> the $1.69 billion estimate</a>.
Accommodation reservation revenue rose 33% year over year to RMB5.2 billion ($709 million), led by higher accommodation bookings.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43909555/trip-com-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call-2" rel="noreferrer noopener">Trip.com Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>
Transportation ticketing revenue upped 16% Y/Y to&nbsp;RMB4.8 billion&nbsp;($655 million), primarily aided by an increase in transportation reservations. Packaged-tour revenue surged 24% Y/Y to RMB870 million ($119 million) on higher packaged-tour bookings.
Outbound hotel and air ticket bookings have surpassed pre-COVID levels in the quarter, reaching over 120% of the same period in 2019. Adjusted EBITDA rose to&nbsp;RMB3.0 billion&nbsp;($408 million) from&nbsp;RMB2.9 billion&nbsp;in the prior year quarter.
As of&nbsp;December 31, 2024, cash and equivalents stood at RMB90.0 billion&nbsp;($12.3 billion).
The company&#8217;s board authorized new capital return measures for 2025, including a $400 million share repurchase program and a $200 million cash dividend for 2024.
The dividend of $0.30 per share or ADS will be paid to eligible shareholders and ADS holders of record as of March 17, 2025, with payments scheduled for March 27, 2025, for ordinary shares and April 4, 2025, for ADS holders, subject to the deposit agreement terms.
James Liang, Executive Chairman, said, &#8220;The travel market has shown remarkable resilience in 2024, driven by travelers&#8217; growing desire for exploration and cultural experiences,&#8221;
&#8220;We are committed to investing in AI and promoting inbound travel to foster innovation and enhance the overall travel experience. We anticipate another year of growth and success within the industry.&#8221;
Notably, shares of US-listed Chinese stocks are down following Wall Street&#8217;s worst session of the year on Friday, sparked by inflation concerns and mixed economic data. Additionally, the weakness could be attributed to profit-taking after last week&#8217;s rally.
Investors can gain exposure to the stock via Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and AdvisorShares Hotel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEDZ#NYSE">BEDZ</a>).
Price Action: TCOM shares are down 8.10% at $59.42&nbsp;premarket at the last check Tuesday.
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<li><a href="https://www.benzinga.com//node/43934320" target="_blank" rel="noreferrer noopener">Should Passengers Accept Delta Air Lines&#8217; $30,000 &#8216;No Strings Attached&#8217; Compensation Offer? Lawyers Weigh In</a></li>
</ul>
Image via Shutterstock

Trip.com Shares Drop Despite Strong Q4 Earnings and Record Travel Demand: Details

U.S.-listed Chinese stocks continue to gain steam after the country introduced DeepSeek and Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) affordable AI models.
Alibaba Chair Joseph Tsai <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-02-13/apple-s-iphone-will-use-alibaba-ai-in-china-joe-tsai-says?sref=TBDibEcD" rel="noreferrer noopener">confirmed to</a> Bloomberg that Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones will use&nbsp;Alibaba&#8217;s AI technology. Reportedly, Apple submitted AI features that were co-developed with Alibaba for China&#8217;s approval.
Also Read: <a href="https://www.benzinga.com/markets/emerging-markets/25/02/43691826/not-just-deepseek-chinas-ai-landscape-heats-up-as-baidu-launches-free-ernie-bot" target="_blank" rel="noreferrer noopener">Not Just DeepSeek, China&#8217;s AI Landscape Heats Up As Baidu Launches Free Ernie Bot</a>
Apple&#8217;s move marks its focus on boosting <a target="_blank" href="https://www.benzinga.com/25/02/43631776/apple-teams-up-with-alibaba-for-ai-innovation-in-china-submits-ai-features-for-regulatory-approval" rel="noreferrer noopener">its position</a> in China, as the lack of Apple Intelligence capability in current iPhones in the country and government-incentivized local vendors have cost it its market share.
China also mandated that international companies collaborate with domestic companies as a primary partner, which prompted Apple to partner with&nbsp;Baidu Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>).
Apple continued its&nbsp;partnership with Baidu on AI features for the Chinese market, the Information <a target="_blank" href="https://technode.com/2025/02/14/apple-to-continue-partnership-with-baidu-collaborate-with-alibaba-on-ai-for-iphone/" rel="noreferrer noopener">reported</a>.
Baidu is developing AI-based search features for Apple to enhance image and text processing and improve the Chinese-language Siri experience. Apple had initially considered&nbsp;Baidu to be its leading AI model partner, but it did not materialize.
Apple&nbsp;has also explored&nbsp;Tencent Holding (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;ByteDance, and&nbsp;DeepSeek&#8217;s&nbsp;AI models.&nbsp;
By 2028, Counterpoint expects most smartphones priced above $250 to be Generative AI-capable.
Apple&#8217;s China revenues have fallen for <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43668203/apple-teams-up-with-alibaba-for-ai-analyst-says-edge-device-integration-could-boost-growth" rel="noreferrer noopener">six consecutive quarters</a> as competitors Huawei and Xiaomi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) have gained a market share. BofA Securities&#8217; Wamsi Mohan expects Apple to regain its lost ground in China by launching Apple Intelligence.
China is Apple&#8217;s second-most important market after the U.S., and it is the biggest market for smartphones, computing, and artificial intelligence.
Apple is amid efforts to bring its AI features to China by the middle of 2025, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-02-14/apple-plans-to-overhaul-china-iphones-with-ai-by-middle-of-year?srnd=homepage-asia&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a>, citing unnamed sources familiar with the matter.
The iPhone maker has teams in China and the U.S. working to acclimate its Apple Intelligence platform for the country, aiming for a launch by May.
Alibaba Group stock surged 63% in the last 12 months. Investors can gain exposure to Alibaba through Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>).
Price Action:&nbsp;BABA stock is up 6.16% at $126.90 premarket at the last check Friday. BIDU is up 3.15%.
Also Read:
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<li><a href="https://www.benzinga.com/markets/emerging-markets/25/02/43619521/deepseek-impact-billionaire-david-tepper-bets-big-on-china-increases-stakes-in-alibaba-jd-com-and-pdd" target="_blank" rel="noreferrer noopener">DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD</a></li>
</ul>
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Regulations

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AAPL

ONLN

XIACF

XIACY

Apple Focuses On Alibaba, Baidu Partnership In Race To Bring AI Features To China by Mid-2025

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares rose slightly in premarket trading on Friday, following a positive update on its operations<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> during the Chinese New Year holiday.</a>
The company reportedly saw a significant surge in its battery swap services, driven by the travel rush during the holiday period from Jan. 28 to Feb. 4, <a href="https://cnevpost.com/2025/02/07/nio-record-battery-swaps-chinese-new-year-2025/" target="_blank" rel="noreferrer noopener">reports </a>CnEV Post.
On Feb. 3, the company recorded 136,720 battery swap services in a single day, marking a notable peak in demand.
This followed a strong performance on Jan. 25, with 119,848 services in one day, showcasing the growing popularity of NIO&#8217;s battery swap technology.
NIO also reported strong vehicle deliveries for January 2025, with a 37.9% year-over-year increase<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43418737/nio-inc-provides-january-2025-delivery-update" rel="noreferrer noopener">, totaling 13,863 units</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43555871/amazon-declines-3-in-friday-pre-market-whats-going-on" rel="noreferrer noopener">Amazon Declines Nearly 3% In Friday Pre-Market: What&#8217;s Going On?</a>
Of these, 7,951 vehicles came from its premium smart electric vehicle brand, NIO, while 5,912 were from its family-oriented ONVO brand.
As of Jan. 31, the company&#8217;s cumulative deliveries reached 685,427 units.
In addition to its operational performance, NIO is poised for inclusion in a major Hong Kong stock index, which is expected to attract passive investment inflows and <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/01/43054613/whats-going-on-with-chinese-ev-maker-nio-stock-today" rel="noreferrer noopener">could provide a boost to the company&#8217;s stock price.</a>
The Hang Seng Indexes Company Limited will announce the results of its semi-annual review on February 21, with changes taking effect on March 10.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NIO stock has lost over 28% in the past year. Investors can gain exposure to the stock via&nbsp;KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) and&nbsp;Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Price Action: NIO shares are trading higher by 1.55% to $4.265 premarket at last check Friday.
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Image: Shutterstock

What's Going On With NIO Stock Today? EV Maker Sees Surge In Battery Swap Services

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) <a target="_blank" href="https://www.benzinga.com/topic/jack-ma" rel="noreferrer noopener">co-founder&nbsp;Jack Ma</a> recently reiterated his belief in artificial intelligence&nbsp;during the tenth anniversary of a rural teachers program.
Ma continues to expect&nbsp;AI to reshape the world over the next decade, SCMP reported, <a target="_blank" href="https://www.scmp.com/tech/tech-war/article/3294199/tsmc-cuts-ties-singapore-firm-over-chip-found-huawei-processor-sources" rel="noreferrer noopener">citing</a> the&nbsp;social-media&nbsp;account of his foundation.
Ma, a&nbsp;former teacher, expects AI and&nbsp;China&#8217;s demographic shifts&nbsp;to create new challenges for schools across the countryside.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/guidance/25/01/42874446/samsungs-outlook-dims-amid-hbm-supply-struggles-for-nvidia-and-sluggish-consumer-chip-sales" rel="noreferrer noopener">Samsung&#8217;s Outlook Dims Amid HBM Supply Struggles for Nvidia and Sluggish Consumer Chip Sales</a>
Last December, during the 20th anniversary of fintech giant Ant Group, Ma voiced AI&#8217;s transformational abilities in the next 20 years, the report added.
Ma has&nbsp;focused on the education and agriculture sectors&nbsp;after China abruptly scrapped Ant Group&#8217;s <a target="_blank" href="https://www.benzinga.com/24/11/42245036/alibaba-co-founder-makes-rare-appearance-at-company-campus" rel="noreferrer noopener">initial public offering in November 2020</a>. China fined Alibaba with an antitrust <a target="_blank" href="https://www.benzinga.com/government/24/08/40650893/alibaba-clears-3-year-regulatory-antitrust-scrutiny-stock-gains" rel="noreferrer noopener">penalty of $2.8 billion</a> in 2021. All of which prompted the 60-year-old billionaire entrepreneur to maintain a low profile. Ma surrendered his corporate role in&nbsp;Alibaba despite maintaining his majority stake. Reportedly, &nbsp;Ma makes occasional appearances at the company&#8217;s campus in Hangzhou.
Recently, the Alibaba Cloud unit <a target="_blank" href="https://www.benzinga.com/25/01/42793170/alibaba-cloud-joins-forces-with-ex-google-execs-unicorn-to-boost-ai-models" rel="noreferrer noopener">collaborated with unicorn 01.AI</a>, founded by former&nbsp;Google&nbsp;China head&nbsp;Lee Kai-fu, to develop AI models.
Alibaba&#8217;s cloud unit aims to set up a sizeable industrial model laboratory to serve its business clients.
Currently, Chinese companies focused on AI, including Alibaba, have waged price wars in the domestic market to gain market share. Recently, Alibaba Cloud&nbsp;agreed to offer&nbsp;up to 85% discounts for its AI models, marking its third discount for the year. Alibaba Cloud Intelligence Group&#8217;s second-quarter revenue grew 7% to $4.22 billion, backed by demand for its public cloud and AI products.
Additionally, Nvidia Corp and other chipmakers <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/42897081/nvidia-and-ai-chip-stocks-brace-for-impact-as-biden-administration-considers-new-china-export-ban-report" rel="noreferrer noopener">face potential US sanctions</a> limiting AI chip exports to China. New curbs could prohibit Nvidia&#8217;s AI chip shipments to nations like China.
Alibaba stock gained over 13% in the last 12 months, as reports indicate <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41843262/chinas-stimulus-plan-not-enough-to-ignite-stocks" rel="noreferrer noopener">possible stimulus measures from</a> China to boost its economy and set a rally in the stock market. Alibaba is considered the tech barometer of China.
Investors can gain exposure to Alibaba through Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>).
Price Action: BABA stock is down 3.35% at $80.89 at the last check on Friday.
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Image via Shutterstock.

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GOOGL

Jack Ma Highlights AI's Future Impact Amid Biden Government's Sanction Speculations on China

<a href="https://www.benzinga.com/topic/alibaba" target="_blank" rel="noreferrer noopener">Chinese e-commerce juggernaut</a> Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) cloud unit is partnering with Beijing-based startup 01.AI to develop artificial intelligence (AI) models.
Alibaba Cloud aims to set up an industrial large model laboratory to create large model solutions for business clients, according <a href="https://www.scmp.com/tech/big-tech/article/3293297/alibaba-ties-lee-kai-fus-unicorn-chinas-ai-sector-consolidates?module=perpetual_scroll_0&amp;pgtype=article" target="_blank" rel="noreferrer noopener">to</a> South China Morning Post.
01.AI, founded in May 2023 by former Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google China head Lee Kai-fu, reached a valuation of $1 billion in just six months.
Also Read: <a href="https://www.benzinga.com/media/24/12/42709007/sam-altmans-openai-plans-major-revamp-corporate-structure" target="_blank" rel="noreferrer noopener">Sam Altman&#8217;s OpenAI Plans Major Revamp Of Corporate Structure</a>
Alibaba Cloud&#8217;s partnership coincided with price wars in the domestic market, which prompted companies to offer further discounts or collaborate with former rivals.
Also this week, Alibaba Cloud <a target="_blank" href="https://www.benzinga.com/media/25/01/42761737/alibaba-leverages-scale-and-deep-pockets-to-slash-ai-llm-prices-to-gain-market-share" rel="noreferrer noopener">agreed to offer</a> up to 85% discounts for its visual reasoning AI model, marking its third discount for the year.
In December, TikTok parent ByteDance agreed to offer a discount on its visual model that was 85% below the industry average.
Meanwhile, Alibaba split up its AI team, with one focusing on developing applications for the AI chatbot Tongyi Qianwen and the other in charge of the underlying LLM. Wedbush&#8217;s&nbsp;Dan Ives&nbsp;expects the U.S. Big Techs to incur $1 trillion&nbsp;on AI capital expenditure.
Alibaba Group Holding stock surged over 11% in the last 12 months. The company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42006281/alibaba-q2-earnings-revenue-beats-forecast-cloud-and-international-sales-shine-free-cash-flow-falls-amid-strategic-investments" rel="noreferrer noopener">second-quarter 2024</a> revenue growth of 5% to $33.70 billion, beating the consensus estimate of $33.47 billion. Adjusted earnings per ADS of $2.15 missed the&nbsp;analyst estimate of $2.26.&nbsp;Cloud Intelligence Group revenue grew by 7% to $4.22 billion, driven by the double-digit revenue growth of public cloud products, including AI-related products.
Investors can gain exposure to Alibaba through Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>).
Price Action: Alibaba stock is up 0.11% at $85.05 at the last check Friday.
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</ul>
Image: Shutterstock

GOOG

Alibaba Cloud Joins Forces With Ex-Google Exec's Unicorn To Boost AI Models

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) slashed its <a target="_blank" href="https://in.benzinga.com/topic/llm" rel="noreferrer noopener">large language model</a> prices by up to 85%, exhibiting intense domestic rivalry in the AI space.
Chinese companies remain engaged in a price war to win market share, prompting Alibaba Cloud to initiate discounts on its visual language model, Qwen-VL, CNBC <a target="_blank" href="https://www.cnbc.com/2024/12/31/alibaba-baba-cloud-unit-slashes-prices-on-ai-models-by-up-to-85percent.html" rel="noreferrer noopener">cites</a> from Alibaba&#8217;s WeChat post on Tuesday.
In February, the Chinese e-commerce juggernaut&nbsp;announced up to 55% discounts on its core cloud products.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42729529/social-media-stocks-react-as-trump-targets-censorship-and-delays-tiktok-ban" rel="noreferrer noopener">Trump Administration to Challenge Social Media Censorship, Setting Stage for Conflict with EU Regulations</a>
Jack Ma&#8217;s co-founded company slashed its Qwen AI model&nbsp;prices by up to 97% in May. Qwen-VL can interpret both texts and images.
Chinese tech firms, including Alibaba,&nbsp;Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>),&nbsp;Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>),&nbsp;and JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), launched their large language models.
In the third quarter, <a target="_blank" href="https://www.benzinga.com/news/24/11/41785553/alibabas-ai-strategy-massive-ad-spend-to-dominate-crowded-market" rel="noreferrer noopener">Chinese companies spent</a> 500 million yuan ($70.2 million) on promotional campaigns for AI applications. Alibaba committed 200 million yuan to promote the Quark cloud storage and search platform.
Alibaba remains focused on LLM efforts in the enterprise segment rather than launching a consumer AI chatbot like OpenAI&#8217;s ChatGPT. Alibaba Cloud Intelligence Group revenue grew by 7% to $4.22 billion <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42006281/alibaba-q2-earnings-revenue-beats-forecast-cloud-and-international-sales-shine-free-cash-flow-falls-amid-strategic-investments" rel="noreferrer noopener">in the second quarter</a>.
Alibaba, Tencent, and&nbsp;Baidu disbursed $7 billion on AI infrastructure and processors in the first half of 2024.
Meanwhile, Wedbush&#8217;s Dan Ives&nbsp;expects the U.S. Big Techs, including Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), to spend $1 trillion&nbsp;on AI capital expenditure.
Alibaba Group Holding stock surged over 13% in the last 12 months. Investors can gain exposure to the stock through Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROBT#NASDAQ">ROBT</a>).
Price Action: BABA stock traded lower by 1.04% at $83.91 premarket at the last check on Thursday.
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Photo by Ascannio via Shutterstock

MSFT

ROBT

Alibaba Leverages Scale and Deep Pockets to Slash AI LLM Prices To Gain Market Share

On Thursday, Alibaba Group Holding.&nbsp;(NYSE:&nbsp;BABA), also known as <a target="_blank" href="https://www.benzinga.com/topic/chinese-tech-stocks" rel="noreferrer noopener">China&#8217;s tech barometer</a>, traded upwards as China kicked off its annual economic work conference&nbsp;on Wednesday to outline its policies and growth targets for 2025.&nbsp;
The two-day Central Economic Work Conference was expected to run through Thursday. Investors are watching for additional stimulus measures.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42394872/jack-ma-makes-rare-appearance-at-alibaba-fintech-event-stresses-on-ai-revolution" rel="noreferrer noopener">Jack Ma Makes Rare Appearance At Alibaba Fintech Event Stresses On AI Revolution</a>
The market expects more stimulus measures to counter possible tariffs launched by President-elect Donald Trump, as he promised during his campaigns.
Other U.S.-listed Chinese stocks, including JD.com, Inc.&nbsp;(NASDAQ:&nbsp;JD),&nbsp;Baidu, Inc.&nbsp;(NASDAQ:&nbsp;BIDU),&nbsp;NIO Inc. (NYSE:&nbsp;NIO),&nbsp;Li Auto Inc.&nbsp;(NASDAQ:&nbsp;LI),&nbsp;and XPeng Inc.&nbsp;(NYSE:&nbsp;XPEV)&nbsp;also saw positive movement in their share price trajectory in the premarket session.
However, according to a <a target="_blank" href="https://abcnews.go.com/Business/wireStory/china-ends-planning-meeting-vows-stabilize-economy-details-116716806" rel="noreferrer noopener">report</a>, Chinese leaders on Thursday assured of taking a proactive approach to boosting the economy but provided no details.
Post-meeting, lack of details on definitive measures led to a negative reaction from investors, leading to a fall in U.S.-listed Chinese stocks, which gave up all the premarket gains.
On Monday, President Xi Jinping&#8217;s Politburo pledged <a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42391254/us-listed-chinese-stocks-jump-on-chinas-stimulus-measures-looser-monetary-policy-assurances" rel="noreferrer noopener">aggressive fiscal measures</a> and a relatively more flexible monetary policy in 2025 to boost domestic consumption.
Tao Wang of UBS Group AG <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-10/china-begins-annual-economic-meeting-to-hash-out-stimulus-plan?sref=TBDibEcD" rel="noreferrer noopener">told</a> Bloomberg that he expects China to boost policy support in the next two years, including more supportive policy tones for 2025.
China&#8217;s stimulus so far has focused on producers and infrastructure, especially electric vehicles, solar energy, and batteries.
Economists expect China to set a higher-than-usual budget&nbsp;deficit target&nbsp;of up to 4% of GDP.
According to Bloomberg, Xi expressed confidence in the world&#8217;s second-largest economy in several meetings over the past week.&nbsp;
Larry Hu of Macquarie told Reuters that China&#8217;s initiatives for 2025 will depend on its GDP target and the new U.S. tariffs. He does not expect China to announce 2025 growth, budget deficit, or other targets.
Investors can gain exposure to Chinese equities through Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>), ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>), and iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>).
Price Actions: At the last check on Thursday, BABA stock is up 0.09% to $89.06. JD is down 1.60%, BIDU is down 0.85%, NIO is down 0.64%, LI is down 0.36%, and XPEV is down 0.39%.
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US-Listed Chinese Stocks Give Up Gains In Anticipation Of More Stimulus

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are trading higher on <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">Friday in the premarket session.</a>
The Shanghai, China-based company announced a strategic partnership with Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>).
Signed in Shanghai, this collaboration aims to enhance vehicle-related payment services for NIO users outside of China, CnEV Post <a target="_blank" href="https://cnevpost.com/2024/12/05/nio-partnership-mastercard/" rel="noreferrer noopener">reports</a>.
The two companies will work on global initiatives in user value-added services, payment innovation, data services, consulting, joint marketing, and ESG efforts.
Mastercard cardholders will enjoy exclusive benefits, including charging, battery swaps, maintenance, and car rental services as part of the partnership.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/12/42363278/us-economy-adds-227000-jobs-in-november-wage-growth-accelerates" rel="noreferrer noopener">US Economy Adds 227,000 Jobs In November, Wage Growth Accelerates</a>
Additionally, NIO and Mastercard plan to integrate in-vehicle payment functions, allowing users to make seamless payments for charging, parking, shopping, and other expenses, enhancing the overall travel experience.
NIO's co-founder Qin Lihong and Mastercard's Greater China president Chang Qing attended the signing ceremony, marking a significant milestone in NIO's global expansion.
This partnership is set to improve customer experience and expand the reach of both brands internationally, the report adds.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, NIO stock has lost over 40% in the past year. Investors can gain exposure to the stock via&nbsp;Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
In its push for global growth, NIO has also scored a significant legal victory in its dispute with Audi over trademark rights in Australia, CNeV Post&nbsp;<a target="_blank" href="https://cnevpost.com/2024/12/05/nio-scores-win-australia-audi-es-trademark-dispute/" rel="noreferrer noopener">reports</a>.
The Australian intellectual property authorities ruled in favor of NIO, allowing the company to move forward with its application to register the ES6, ES7, and ES8 trademarks.
This ruling marks a major milestone in NIO's efforts to secure its intellectual property globally, with the battle with Audi now spreading to more territories, according to the report.
Price Action: NIO shares are trading higher by 1.74% to $4.690 at last check Friday.
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