$UP Fintech(TIGR.US)$ what is the news that make the price up recently?

$Alibaba(BABA.US)$ stock price was trading lower before the bell after earnings annoucement on Thursday.
Alibaba reported quarterly earnings of $2.65 per share which beat the analyst consensus estimate of $2.55 by 3.92 percent. This is a 21.6 % decrease over earnings of $3.38 per share from the same period last year.
The company reported quarterly sales of $38.07 billion which missed the analyst consensus estimate...

Shares of $Alibaba(BABA.US)$ , $JD.com(JD.US)$ $Tencent(TCEHY.US)$ , $Baidu(BIDU.US)$ and $XPeng(XPEV.US)$ fell in Hong Kong on Tuesday, while $Li Auto(LI.US)$ traded higher.
What’s Moving: Chinese e-commerce giant Alibaba’s shares traded almost 2.4% lower at HKD 126.90 in Hong Kong, while peer JD.Com’s shares have fallen 4.2% to HKD 336.00 and technology company Baidu’s shares are down 1.8% to HKD 146.10.Tech conglomerate Tencent’s shares have lost 1.3% to HKD 456.40. China’s foreign exchange regulator has penalized Tencent’s online payment platform, Tenpay, RMB 2.78 million ($0.44 million) for breaching foreign exchange norms, it was reported, citing Reuters.Electric vehicle maker Xpeng’s shares have lost 2.0% to HKD 199.30, while Li Auto’s shares have risen 2.2% to HKD 132.70 after the company reported better-than-expected financial results for the third quarter.
Why Is It Moving? The Hang Seng Index extended losses to a third day amid worries about the impact of the new Omicron COVID-19 variant on the global economy and the crackdown by regulators on Macau casino operators.
Data showing an improvement in Chinese manufacturing activity failed to boost sentiment.
Shares of Chinese companies closed mixed in U.S. trading on Monday even as the major averages in the U.S. ended higher after President Joe Biden said there’s no need for lockdowns as a result of the Omicron COVID variant.

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