Express News | In overnight trading, US-listed Chinese companies' shares rebound, Alibaba and Bilibili climb 3%, EV makers surge. XPeng rises 5%, Li Auto up 4%, NIO Inc soars 7%. US-listed Chinese ETFs trade higher.
Shares of Chinese Stocks Are Trading Lower Amid US Tariffs.
Support for platform deployment! Kingsoft Cloud (KC.US) has completed the full-scale adaptation of DeepSeek based on domestic chips.
Kingsoft Cloud has completed the full version adaptation of DeepSeek based on domestic chips.
Will Chinese AI Stocks Surge Again Amid Multiple Catalysts?
Express News | U.S.-Listed Chinese Stocks Rise in Overnight Trading, With Kingsoft Cloud Up 6%, JD.com Rising 5%, Bilibili, NetEase Increasing 3%, and Alibaba and PDD Holdings Each Up 2%.
Hong Kong stocks movement | Kingsoft Cloud (03896) rose more than 8% in early trading. GenAI revenue may grow by 60% this year, with Xiaomi's AI terminal traffic advantage being prominent.
Kingsoft Cloud (03896) rose over 8% in early trading, as of the time of writing, it is up 4.91%, priced at 9.18 Hong Kong dollars, with a transaction volume of 0.616 billion Hong Kong dollars.
Hong Kong Stock Morning Report | US stocks rebound, China's Golden Dragon Index surges 6.4%, the State Council aims to increase support for Technology enterprises.
① The USA will grant a one month tariff exemption on Autos imported under the USMCA. ② The three major US stock indexes closed higher, with the Nasdaq China Golden Dragon Index rising by 6.4%. ③ The General Office of the State Council stated that efforts should be increased to support equity financing for Technology companies that break through key core technologies. ④ Morgan Asset Management indicates that the process of revaluation of China Assets has just begun.
US stock market movement | Kingsoft Cloud (KC.US) rose by 11%, with analysts expecting the company's GenAI revenue to grow by 60% this year.
On Wednesday, Kingsoft Cloud (KC.US) rose by 11%, reaching $17.79.
After Leaping 27% Kingsoft Cloud Holdings Limited (NASDAQ:KC) Shares Are Not Flying Under The Radar
Hong Kong stocks are moving | The Datacenter Sector is rising significantly. GDS-SW (09698) has risen over 17%. IDC Operation business performance and valuation are expected to increase significantly.
The Datacenter Sector rose across the board. As of the time of publication, GDS-SW (09698) increased by 17.11% to HKD 37.65; Kingsoft Cloud (03896) rose by 6.86% to HKD 8.72; SUNEVISION (01686) went up by 3.53% to HKD 8.21; China United Network Communications (00762) increased by 3.48% to HKD 9.51.
Hong Kong stocks Concept tracking | Hainan Huatie's subsidiary signed a 3.69 billion computing power service agreement, triggering an investment frenzy (with Concept stocks).
Hainan Huatie announced yesterday that its subsidiary signed a five-year computing power service agreement with Hangzhou X Company for 3.69 billion yuan.
Express News | China Says to Promote Integrated Advancements in Technological and Industrial Innovation - Official Report
Hong Kong stock morning report | The USA fires the first shot in a comprehensive trade war, the three major US stock indices fall while Chinese concept stocks rise against the trend.
① The USA's tariff measures against Mexico and Canada officially took effect on Tuesday, after which both Canada and Mexico launched a comprehensive counterattack. The US Secretary of Commerce stated that Trump is considering reducing some tariffs on Mexico and Canada. ② China has continuously introduced countermeasures against the USA. ③ Zelensky stated he is ready to sign agreements with the USA regarding minerals and security at any time. ④ The three major US stock indexes fell on Tuesday, while most China Concept Stocks rose against the trend.
US stock market closing: USA launches a full-scale trade war, stock indices fluctuate dramatically and collectively fall.
① Most China Concept Stocks closed up, the Nasdaq China Golden Dragon Index rose by 1.95%; ② Apple launched the iPad Air with M3 chip and new Magic Keyboard; ③ Canada announced it will impose a 25% tariff on US commodities worth 155 billion Canadian dollars; ④ The US Secretary of Commerce stated that Trump may cut tariffs on both the USA and Mexico tomorrow.
China's Two Sessions: Key Takeaways on Stock Price Movements Before and After the Meetings
Kingsoft Cloud (03896.HK) will hold a Board of Directors meeting on March 19 to approve the fourth quarter performance.
Gelonghui, March 4th | Kingsoft Cloud (03896.HK) announced that the Board of Directors meeting will be held on March 19, 2025, to consider and approve (i) the unaudited fourth-quarter results for the three months ending December 31, 2024, of the company, its subsidiaries, and consolidated affiliated entities, along with their release, and (ii) the unaudited annual results for the group for the year ending December 31, 2024, along with their release.
KINGSOFT CLOUD: DATE OF BOARD MEETING
Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2024 Financial Results on March 19, 2025
U.S. stocks and Chinese concept stocks fell sharply, Secondary Listings on HKEX were under pressure, and GDS Holdings (09698) dropped 14.91%.
Jingwu Financial News | The USA confirmed an increase in tariffs on Canada and Mexico, triggering a strong reaction in the US stock market, where the VIX fear index surged by 16%, and all three major US indices fell significantly. As a result, the Nasdaq China Golden Dragon Index dropped nearly 3%, and US-listed Chinese stocks generally followed the market downturn, with AI-related stocks and Autos experiencing the most significant declines.
[Brokerage Focus] China Securities Co.,Ltd.: The decline in computing power costs is a necessary condition for the explosion of AI large model applications. Pay attention to the Industry Chain of computing power infrastructure.
Jinwu Financial News | China Securities Co., Ltd. Research Reports indicate that based on DeepSeek's disclosure, in the 24 hours from February 27 to February 28, the total cost of DeepSeek-V3 and R1 inference services was $87,072 per day. If all token inputs and outputs are calculated based on DeepSeek R1's pricing, theoretically, the total income for DeepSeek in one day would be $562,027, resulting in a profit margin of 545%. However, since the pricing for DeepSeek-V3 is lower than R1, and the web and app versions are free, only some services generate income, plus
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