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Earnings flood from China's stocks: Is a turnaround on the horizon?
$Alibaba (BABA.US)$'s Q2 results shone, with revenue up 5% YoY to 236.5 billion RMB and and monthly active users hitting a record high. Xpen Show More
$Alibaba (BABA.US)$'s Q2 results shone, with revenue up 5% YoY to 236.5 billion RMB and and monthly active users hitting a record high. Xpeng narrowed its Q3 net loss by 53.5% and provided its strongest Q4 delivery guidance, expecting 87-91K new vehicles. $NIO Inc (NIO.US)$ reported Q3 results on Wednesday pre-market, missing expectations even with record deliveries. $PDD Holdings (PDD.US)$  revenue fell short of expectations, with the stock price tumbled nearly 16% in premarket trading.
Bank of America advises buying Chinese stocks before Trump's inauguration, anticipating more supportive monetary and fiscal policies. Hedge funds are also increasing their bets on Chinese stocks, with David Tepper allocating nearly 40% of his portfolio to Chinese stocks, reducing Alibaba while increasing Pinduoduo and $JD.com (JD.US)$ ; Duan Yongping significantly boosts his holding in PDD and reduces holdings in Apple.
🎙️Discussion
1. What are your expectations for these earnings
2. How do you plan to position yourself?
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