Joint Statement on U.S.-China Economic and Trade Meeting in Geneva
Express News | Ishares MSCI China ETF up 3.7%, Ishares China Large Cap ETF up 3.2%, Kraneshares CSI China Internet ETF up 5%
Express News | JD.com up 6.1%, Li Auto up 7.1%, NIO up 6.1%, Xpeng up 8.2%
Express News | Alibaba up 6.8%, PDD Holdings up 7%, Baidu up 4.5%
Express News | U.S.-Listed Shares of Chinese Firms Jump Premarker After US, China Agree to Cut Tariffs, 90-Day Pause
U.S. Suspends Bulk of Tariffs on Chinese Goods
Sensor Tower: "Kingshot" has made its debut on the revenue and download charts for overseas mobile games from China in April, while "Honkai: Star Rail" has regained the top spot on the growth chart.
Sensor Tower released the ranking of revenue and download volume for Chinese mobile games in overseas markets as of April 2025.
Hong Kong stock morning report | China and the United States reach an important consensus. In April, the retail sales of New energy Fund Passenger Vehicle in the market increased by more than 20% year-on-year.
① The United States and China reached an important consensus, and the talks made substantial progress. ② The Passenger Vehicle Association: In April, the retail market for New energy Fund Passenger Vehicles was 0.905 million units, a year-on-year increase of 33.9%. ③ The National Bureau of Statistics: In April 2025, the industrial producer price index fell by 2.7% year-on-year. ④ The iPhone product line is reportedly set for major expansion: two new models will be launched each year, with a maximum of six new products.
Earnings Week Ahead: PLUG, CSCO, WMT, BABA, AMT, JD, TCEHY, and More
Earnings Preview: NetEase to Report Financial Results Pre-market on May 15
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Earnings Preview: NTES-S to Report Financial Results on May 15
Hong Kong Stock Morning Report | The trade agreement between the US and the UK boosts US stocks, with most China Concept Stocks showing strength.
① The USA and United Kingdom reached a trade agreement, but the details are yet to be finalized. ② The three major stock indexes in the USA closed higher, with most China Concept Stocks also gaining strength. ③ The number of initial unemployment claims in the USA last week was lower than expected. ④ The Bank of England cut interest rates by 25 basis points. ⑤ The financial markets in India and Pakistan are turbulent, with ongoing escalation of conflicts. ⑥ International Crude Oil Product futures prices rose by about 3%, and Bitcoin broke through $0.1 million.
NetEase Could Unveil Details About Its Next Big Game Soon -- Market Talk
[Brokerage Focus] BOCOM INTL: Fundamentals remain an important factor supporting the valuations of the Internet and Education Industry, Bullish on service platform opportunities.
Jinwu Finance | BOCOM INTL stated that in April, the stock prices of the Internet and Education companies covered by the bank were as follows: Cloud Music +22% / Youdao +17% / New Oriental +5% / Reading Literature +5% / NetEase +4%, showing significant growth. Meanwhile, TAL Education -34% / JD.com -21% / iQIYI -19% / Meituan -16% / Huitongda -12% saw significant declines. The proportion of Hold Positions in covered companies on the Hong Kong stock connect has increased. In May, Chinese concept and Internet companies will successively release their Q1 reports: In e-commerce, benefiting from national subsidies expanding categories and gradually recovering demand for home appliances, the low base effect in the first half of 2025 may lead to an upward adjustment in expectations.
Hong Kong stock morning report | The Federal Reserve maintained interest rates, and the three major U.S. indexes closed higher. China Concept Stocks broadly declined.
① The Federal Reserve maintained the benchmark interest rate, which met market expectations. ② Federal Reserve Chairman Powell stated that the impact of tariffs is greater than expected and there is no rush to cut interest rates. ③ The three major indexes of the U.S. stock market closed higher, while China Concept Stocks generally fell. ④ The central bank stated that it will make every effort to promote the implementation of a package of financial policies. ⑤ International crude oil and Gold Futures prices fell more than 1%.
U.S. stocks closed with the three major Indexes fluctuating higher, with Google plummeting more than 7%. The Bullish support from the AI Chip helped NVIDIA.
① Apple is promoting a shift to AI search for Safari, causing Google's stock price to fall over 7%; ② Disney's stock price skyrocketed nearly 11%, with the company's second fiscal quarter profits exceeding expectations; ③ NVIDIA rose over 3%, with reports that the USA is considering lifting AI Chip export restrictions.
Sensor Tower: In April, a total of 33 Chinese manufacturers were included in the Global mobile game publisher revenue list TOP100, collectively earning 2 billion USD.
In April 2025, a total of 33 Chinese manufacturers made it to the Global mobile game publisher revenue ranking TOP 100, collectively earning 2 billion dollars, accounting for 38.4% of the revenue of the Global TOP 100 mobile game publishers this period.
China Lowers Rates and Makes Bank Lending Easier in Response to Tariffs
China Central Bank Cuts Rates to Boost Economy Amid Tariff Threat