Popular Chinese concept stocks rebounded strongly on Tuesday, and many stocks experienced double-digit gains.Leju、IQIYI、Bilibiliwait to lead the rise;NasdaqThe Golden Dragon Index closed up 7.84%.
Leju rose nearly 48%,head educationrose more than 36%,UxinUp over 32%, iQIYI up over 24%, Bilibili up over 20%,Pinduoduorose nearly 19%,Tiger Securities、Ding dong shoppingrose more than 16%,educate togetherup 15%,WIMI Hologram、DadaThe group rose 14%,YunmiTechnology rose 13%,Jinshan Cloudrose nearly 12%,NetEaseright,Century Internet、Yunjirose more than 11%,AliBabaUp 11%, full gang up 10%,FutuHoldings, Fangtianxia, Huanju Group,Cheetah Mobile、Tencent MusicLuckin powder list,new oxygenKaixin Auto rose more than 9%,Know almostrose nearly 9%,36 kryptonrose more than 8%,New Oriental、shellCtrip,Huya、car homeUp more than 7%, up nearly 7% on the high road, NetEase,VipshopMINISO rose more than 6%,Baidu、JingdongTencent ADR rose more than 5%,bettaLufax rose nearly 5%,Weibo、fog coreTechnology,Yixian E-commercerose more than 4%.
Among new energy vehicle stocks,NIOAuto rose more than 7%, Xiaopeng Motors rose more than 6%,idealAutos rose nearly 4%.
funny headlinesfell more than 17%,aurorafell more than 4%.
U.S. stocks closed higher on Tuesday, as stock indexes continued to rebound from year-to-date lows. The Dow rose 254.47 points, or 0.74%, to 34,807.46 points; the Nasdaq rose 270.36 points, or 1.95%, to 14,108.82 points; the S&P 500 rose 50.43 points, or 1.13%, to 4,511.61 points.
The S&P 500, which has fallen as much as 12% since the start of the year, has narrowed its decline to 6%.
List of leading Chinese concept stocks:
List of leading Chinese concept stocks:
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Ali share repurchase amount expanded to 25 billion US dollars, appointed Shan Weijian as independent director
On March 22, Alibaba (09988.HK/BABA.NYSE) announced that it would expand the scale of its share repurchase plan from US$15 billion to US$25 billion. Purchase size record.
iQIYI sues Huya live broadcast for infringement of Langya Bang and gets compensation
iQIYI sued Huya Live for infringement of Langya Bang and won compensation. According to the legal documents, the plaintiff in the first instance, iQIYI, claimed that Huya provided the work “Langya Bang” in the form of live broadcast to the public without permission through the Huya live broadcast platform developed and operated by Huya, which infringed upon the rights enjoyed by iQIYI. Copyright constitutes unfair competition.
The court of first instance held that Huya Company failed to take reasonable and effective measures to stop the live broadcast of the work involved by the host when it should have known that it was subjectively at fault, which constituted the infringement of assistance, and should bear the corresponding legal responsibility, and finally ordered Huya Company to compensate iQIYI has a total of 230,000 yuan.
Huya filed an appeal. The court of second instance held that Huya should have known that the online user involved in the case infringed the copyright of iQiyi by using the live broadcast room involved, and should bear the liability for assisting the infringement; the amount of compensation determined by the court of first instance was also reasonable. Therefore, the court of second instance rejected Huya’s appeal and upheld the original judgment.
Baidu’s smart cloud growth rate ranks among the top four cloud camps in China
According to a report released by Canalys, China’s cloud computing market will reach US$27.4 billion in 2021, and the growth rate of Baidu’s intelligent cloud ranks among the top four cloud camps in China.
According to the 2021 China Cloud Computing Market Report released by Canalys, the size of China’s cloud infrastructure market has reached 27.4 billion US dollars, and the “China Four Clouds” consisting of Alibaba Cloud, Huawei Cloud, Tencent Cloud and Baidu Smart Cloud account for 80% of China’s The cloud computing market is firmly in the leading position. Among them, Baidu Intelligent Cloud has a year-on-year growth rate of 55%, ranking in the forefront of the four cloud camps in China. Its growth momentum exceeds the industry average, its market share has steadily increased, and cloud and intelligence integration has achieved great results.
Huya released its 2021 Q4 and full-year financial report: annual revenue exceeded 11.3 billion, a year-on-year increase of 4.0%
Huya (NYSE: HUYA) announced its fourth quarter and full-year 2021 financial results. The financial report shows that for the whole year of 2021, Huya’s total revenue will increase to 11.351 billion yuan, and under the US GAAP, the net profit attributable to Huya will reach 583 million yuan. In the fourth quarter of 2021, Huya’s total revenue was 2.809 billion yuan; in terms of domestic user data, Huya Live’s mobile MAU (monthly average number of active users) reached a new high in the quarter, an increase of 7.4% year-on-year to 85.4 million.
According to the financial report, in the fourth quarter of 2021, Huya’s total revenue was 2.809 billion yuan ($441 million).
In terms of revenue composition, in the fourth quarter of 2021, Huya’s revenue from live broadcasts was 2.613 billion yuan ($410 million), and its revenue from advertising and other businesses was 196 million yuan ($30.7 million). Among them, revenue from advertising and other businesses increased by 11.6% from 176 million yuan in the same period in 2020, mainly due to content licensing revenue.
For the full year of 2021, Huya’s total revenue was 11.351 billion yuan ($1.781 billion), an increase of 4.0% from 10.914 billion yuan in 2020. According to GAAP, Huya’s gross profit was 1.600 billion yuan ($251 million), and its net profit attributable to Huya was 583 million yuan (91.6 million U.S. dollars).
Zhihu recently launched the first adult vocational education app “Zhixuetang”
It is reported that Zhihu has recently launched the first adult vocational education app “Zhixuetang” to lay out the adult education track.
Kaixin Auto signs sales order for 5,000 electric vehicles
Kaixin Automobile (KXIN.US) signed a sales order for 5,000 new energy logistics vehicles with Beijing Bujia.
Beijing Bujia will order a total of 1 billion yuan ($156 million) worth of new energy vehicles from Kaixin in 2022 and 2023. The sales order is the preliminary implementation of the 10,000-unit intention order reached by Kaixin Auto and Beijing Bujia in 2021.
Wu Liang, general manager of Kaixin Automobile’s new energy vehicle division, said: “The business model of Kaixin’s new energy vehicle division is to establish strategic partnerships with platforms with high sales potential, and customize production according to customer needs. Therefore, Beijing Bujia is not only a client.”
WIMI’s holographic XR head-mounted display brand obtained the US trademark registration certificate
On March 22, WiMi Hologram (WIMI.US) announced that its XR head-mounted display brand, WiMi Hologram Softlight, has successfully obtained the trademark registration certificate issued by the US Patent and Trademark Office. The trademark will help the company to actively expand the US market, further improve the intellectual property protection system, maintain a leading position in technology, and enhance the company’s core competitiveness.
OneConnect acquires Ping An Insurance of China to increase its overseas holdings by more than 5.345 million shares
OneConnect (OCFT.US) recently acquired more than 5.345 million American depositary shares from China Ping An Insurance. In addition, Boyu Capital, the actual controller of Ping An, also informed the company that Ping An and its subsidiaries plan to purchase more of the company’s depositary receipts in the United States from time to time.
The latest research report from Morgan Stanley believes that OneConnect has achieved its 2021 revenue growth target of 25%, and its net loss rate has dropped by 10 percentage points, reaching its annual double-digit narrowing target. In addition, the company submitted a listing application on the Hong Kong Stock Exchange at the end of February, and was listed in the form of dual primary listing and introduction.
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