US-listed Chinese stock rally: Alibaba’s performance, President XI’s support, DeepSeek AI boosts investor confidence – Alibaba Gr Hldgs (NYSE: BABA), XPENG (NYSE: XPEV)

U.S. lists Chinese stocks led by e-commerce and gaming giants Alibaba Group holds dad,,,,, Baidu Company Bydu,,,,, PDD Hold PDD,,,,, JD.com Inc JD With electric car companies Nio Inc Neo,,,,, Li Auto Inc plum,,,,, XPENG INC XPEV Friday’s trade is higher.

China’s Tech Barometer Alibaba reported its optimistic quarterly results, which increased the rebound in the Chinese market, while the selling of the real estate market and the slowdown in the economy were affected.

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Alibaba reported revenues rose 8% in the third quarter of fiscal 2024 to $38.38 billion, up from analyst estimates of $381.9 billion. Adjusted earnings per ad are $2.93, compared to consensus estimates of $2.66. Adjusted net income rose 7%/year to $7 billion.

Alibaba expects its international e-commerce division to be profitable in the next fiscal year and plans to spend more money on cloud and artificial intelligence over the next three years.

In addition, Reuters quoted a Friday post from Chinese artificial intelligence startups DeepSeek Specify that it plans to make the code of its model publicly available.

Reuters quoted bankers as bankers, and DeepSeek’s commitment to affordable AI models and Beijing’s support for private enterprises prompted Chinese companies, mainly in the technology sector, to raise funds.

This week alone, two tech companies raised $500 million to raise funds through offshore stock sales.

Chinese video streaming platform Iqiyi Inc IQ $350 million was raised on Thursday, and Black Sesame, a Hong Kong-listed automatic chip maker, raised $160 million.

In addition to the positive momentum, Chinese President Xi Jinping met with technology business leaders, including Jack Ma, founder of e-commerce swordsman Alibaba, and Liang Wenfeng, founder of DeepSeek.

Davis Polk’s Li He He He introduced to Reuters a solid channel for IPO candidates, especially in the technology, healthcare and consumer sectors. In addition to secondary market transactions, IPOs in Chinese companies, especially in Hong Kong, may accelerate.

Appaloosa Management David Tepper last quarter bets on Chinese-related stocks, including Alibaba, Baidu and PDD, and exchange-traded funds (ETFs).

Investors can pass Kranes Trust Kranes CSI China Internet ETF Kweb and iShares China Large ETF fX.

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