24H｜Hot Chinese ADRs Jump. Kingsoft Cloud up 14%; Alibaba up 6%; Bilibili up 4%; JD up Nearly 3%; Nio, PDD up over 1%

Tiger Newspress

Jul 15

Hot Chinese ADRs jumped in overnight trading. Kingsoft Cloud up 14%; Alibaba up 6%; Bilibili up 4%; JD up nearly 3%; Nio, PDD up over 1%.

Reports emerged that Alibaba founder Jack Ma has intervened in the strategy of Taobao Flash Sales. Ma reportedly directed the division to "anchor at 80 million orders," prioritizing capability upgrades and foundational strengthening over immediate expansion. This move is seen as a prudent step to ensure sustainable growth in the highly competitive e-commerce space. Additionally, Alibaba plans to launch "Super Saturdays" promotional events every Saturday over the next 100 days, potentially boosting sales and market share.

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Kingsoft Cloud up 14%; Alibaba up 6%; Bilibili up 4%; JD up Nearly 3%; Nio, PDD up over 1%","media":"Tiger Newspress","content":"<html><head></head><body><p>Hot Chinese ADRs jumped in overnight trading. Kingsoft Cloud up 14%; Alibaba up 6%; Bilibili up 4%; JD up nearly 3%; Nio, PDD up over 1%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/19b70e9083ccf4481512061a9bb22274\" tg-width=\"656\" tg-height=\"315\"/></p><p>Reports emerged that Alibaba founder Jack Ma has intervened in the strategy of Taobao Flash Sales. Ma reportedly directed the division to &#34;anchor at 80 million orders,&#34; prioritizing capability upgrades and foundational strengthening over immediate expansion. This move is seen as a prudent step to ensure sustainable growth in the highly competitive e-commerce space. 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Kingsoft Cloud up 14%; Alibaba up 6%; Bilibili up 4%; JD up nearly 3%; Nio, PDD up over 1%.Reports emerged that Alibaba founder Jack Ma has intervened in the strategy of Taobao Flash Sales. Ma reportedly directed the division to \"anchor at 80 million orders,\" prioritizing capability upgrades and foundational strengthening over immediate expansion. This move is seen as a prudent step to ensure sustainable growth in the highly competitive e-commerce space. Additionally, Alibaba plans to launch \"Super Saturdays\" promotional events every Saturday over the next 100 days, potentially boosting sales and market share.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}