China ADRs & ETFs Extend Rally. NIO up 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.com, PDD up More Than 2%

Tiger Newspress

04 Jun

China ADRs and ETFs jumped on Wednesday. Zai Lab up 16%; NIO jumped over 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.Com, PDD up more than 2%.

Nio Inc. aims to reduce research and development spending by as much as 25% as it seeks to reach its break-even target by the fourth quarter.

Expenses may drop to between 2 billion yuan ($278 million) to 2.5 billion yuan per quarter, or a 20% to 25% decrease from last year, the Chinese electric-vehicle maker said on its earnings call Tuesday.

Chairman William Li expects to see cost-control efforts materialize from the second quarter, after first-quarter revenue missed estimates despite seeing higher deliveries.

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Zai Lab up 16%; NIO jumped over 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.Com, PDD up more than 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44d8f60530d0db683a36a12b9269277d\" title=\"\" tg-width=\"504\" tg-height=\"775\"/></p><p><a href=\"https://laohu8.com/S/NIO\">Nio Inc.</a> aims to reduce research and development spending by as much as 25% as it seeks to reach its break-even target by the fourth quarter.</p><p>Expenses may drop to between 2 billion yuan ($278 million) to 2.5 billion yuan per quarter, or a 20% to 25% decrease from last year, the Chinese electric-vehicle maker said on its earnings call Tuesday.</p><p style=\"text-align: start;\">Chairman William Li expects to see cost-control efforts materialize from the second quarter, after first-quarter revenue missed estimates despite seeing higher deliveries.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China ADRs & ETFs Extend Rally. 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NIO up 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.com, PDD up More Than 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-06-04 23:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China ADRs and ETFs jumped on Wednesday. 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Zai Lab up 16%; NIO jumped over 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.Com, PDD up more than 2%.Nio Inc. aims to reduce research and development spending by as much as 25% as it seeks to reach its break-even target by the fourth quarter.Expenses may drop to between 2 billion yuan ($278 million) to 2.5 billion yuan per quarter, or a 20% to 25% decrease from last year, the Chinese electric-vehicle maker said on its earnings call Tuesday.Chairman William Li expects to see cost-control efforts materialize from the second quarter, after first-quarter revenue missed estimates despite seeing higher deliveries.","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,"code":"91000000","status":"200"}}}