---
title: "Pre-market trading in the US: Bilibili's stock fell more than 5% after its earnings report! Chinese concept stocks are almost all down."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/109439816.md"
description: "After the recent release of the earnings report, Bilibili surged nearly 8% pre-earnings, but then dropped by almost 6% post-earnings; XPENG-W fell over 4%, Li Auto dropped over 3%, JD.com dropped over 2%, Alibaba, BIDU-SW, NIO-SW fell over 1%, Pinduoduo dropped by nearly 1%, with only NetEase rising by 1%. OneSpan soared by 64% at one point, with Q4 performance exceeding expectations across the board."
datetime: "2024-03-07T10:27:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/109439816.md)
  - [en](https://longbridge.com/en/news/109439816.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/109439816.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/109439816.md) | [繁體中文](https://longbridge.com/zh-HK/news/109439816.md)


# Pre-market trading in the US: Bilibili's stock fell more than 5% after its earnings report! Chinese concept stocks are almost all down.

### U.S. Stock Market News

1.  Bilibili's net revenue in the fourth quarter was 6.3 billion yuan, a year-on-year increase of 3.4%, slightly exceeding the estimated 6.32 billion yuan. The net revenue for the full year of 2023 is expected to reach 22.5 billion yuan. The net losses for the fourth quarter of 2023 and the full year of 2023 are projected to be 1.3 billion yuan and 4.8 billion yuan respectively, representing a year-on-year narrowing of 13% and 36% respectively.
    
2.  Tianfeng International analyst Ming-Chi Kuo stated that Apple is currently the only company with a clear development schedule for a foldable product, which is expected to be a MacBook with a screen of around 20.3 inches and is anticipated to be mass-produced in 2027.
    
3.  According to the supply chain, Apple's smartphones will upgrade to LTPO screens by 2025. "The most significant upgrade for the iPhone 17 (noticeable to users) is the full-line support for high-refresh LTPO screens, marking the first time in iPhone history."
    
4.  Bayer Aktiengesellschaft announced the exclusive commercialization rights for acoramidis in Europe from Eidos Therapeutics Inc., BridgeBio International GmbH, and BridgeBio Europe B.V.
    
5.  There will be a major reorganization in the organizational structure between Douyin's life services department and ByteDance's commercial sales department, with some mid-level managers from both businesses rotating positions.
    

Specifically, the Douyin life services department, originally divided into three parallel departments based on industry - on-site dining, on-site comprehensive, and travel and accommodation - will be reorganized into three major regions: North, Central, and South, as well as the NKA department serving national chain merchants. Core personnel from ByteDance's commercial sales department will be transferred to the life services business to take over the newly established department; the remaining managers who are not transferred externally will also rotate internally.

### Pre-market Movers

In pre-market trading, the three major stock index futures in the U.S. are rising, while the fear index is falling.

Bitcoin is currently trading at $66,808, up nearly 1% in the past 24 hours; Ethereum is trading at $3,794, with a slight increase in the past 24 hours.

Tech stocks are mixed in pre-market trading, with NVIDIA up over 1%, Meta, Microsoft, and Amazon rising, while Tesla, AMD, and Apple are down.

Chinese concept stocks are generally down, with Bilibili, which just released its earnings report, initially rising nearly 8% pre-market but later dropping by almost 6%; XPeng down over 4%, Li Auto down over 3%, JD.com down over 2%, Alibaba, Baidu, Nio down over 1%, Pinduoduo down nearly 1%, with only NetEase rising by 1%.

In individual stock movements, OneSpan surged by 64% pre-market, with Q4 performance exceeding expectations across the board.

Novo Nordisk rose nearly 5% at one point and will hold an event to introduce strategic updates and supply information for Wegovy.

### Strategy Review

**1\. Tesla falls out of the "Top Ten of the S&P", even "loyal fans" like Goldman Sachs have lowered their target price, what happened?**

The demand for electric cars continues to slow down, global rental car giant Hertz and other operators are dumping electric cars, and hybrid cars are showing stronger momentum... These factors have put pressure on Tesla, whose product lineup is considered "relatively outdated"!

**2\. Apple's stock price falls for six consecutive times, facing the most severe oversold condition in years**

Some analysts believe that given Apple's current oversold status, there may be an opportunity for a rebound, but Apple's valuation is not cheap. Investors should exercise caution when considering buying Apple stocks.

**3\. TSMC is severely oversold, analysts still shouting: it can still rise**

"Consumers and the business community are confident in the added value of Generative Artificial Intelligence (GenAI), so any potential price increase is reasonable." The company's next valuation catalyst is the exponential growth of Generative Artificial Intelligence used in devices such as smartphones and computers.

### Related Stocks

- [Meta Platforms, Inc. (META.US)](https://longbridge.com/en/quote/META.US.md)
- [Alphabet Inc. (GOOGL.US)](https://longbridge.com/en/quote/GOOGL.US.md)
- [Alphabet Inc. (GOOG.US)](https://longbridge.com/en/quote/GOOG.US.md)
- [Microsoft Corporation (MSFT.US)](https://longbridge.com/en/quote/MSFT.US.md)
- [Apple Inc. (AAPL.US)](https://longbridge.com/en/quote/AAPL.US.md)
- [Amazon.com, Inc. (AMZN.US)](https://longbridge.com/en/quote/AMZN.US.md)
- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Netflix, Inc. (NFLX.US)](https://longbridge.com/en/quote/NFLX.US.md)
- [Advanced Micro Devices, Inc. (AMD.US)](https://longbridge.com/en/quote/AMD.US.md)
- [Novo Nordisk A/S (NVO.US)](https://longbridge.com/en/quote/NVO.US.md)
- [OneSpan Inc. (OSPN.US)](https://longbridge.com/en/quote/OSPN.US.md)
- [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md)
- [JD.com, Inc. (JD.US)](https://longbridge.com/en/quote/JD.US.md)
- [PDD Holdings Inc. (PDD.US)](https://longbridge.com/en/quote/PDD.US.md)
- [NIO Inc (NIO.US)](https://longbridge.com/en/quote/NIO.US.md)
- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [Li Auto Inc. (LI.US)](https://longbridge.com/en/quote/LI.US.md)
- [Bilibili Inc. (BILI.US)](https://longbridge.com/en/quote/BILI.US.md)
- [NetEase, Inc. (NTES.US)](https://longbridge.com/en/quote/NTES.US.md)
- [Baidu, Inc. (BIDU.US)](https://longbridge.com/en/quote/BIDU.US.md)
- [BILIBILI-W (09626.HK)](https://longbridge.com/en/quote/09626.HK.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)
- [BIDU-SWR (89888.HK)](https://longbridge.com/en/quote/89888.HK.md)
- [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md)
- [NIO Inc (NIO.SG)](https://longbridge.com/en/quote/NIO.SG.md)
- [NIO-SW (09866.HK)](https://longbridge.com/en/quote/09866.HK.md)

## Related News & Research

- [SpaceX’s IPO might arrive sooner than you think](https://longbridge.com/en/news/280670820.md)
- [UK Regulator Recommends Novo Nordisk's Wegovy for People at Risk of Heart Attacks, Strokes](https://longbridge.com/en/news/281294814.md)
- [Novo Nordisk Launches Discounted Subscription Program for Wegovy Obesity Drugs -- Update](https://longbridge.com/en/news/281201382.md)
- [Novo Nordisk slashes Wegovy prices to court uninsured patients](https://longbridge.com/en/news/281206892.md)
- [ANALYSIS-US tech stocks struggle for safe haven appeal in Iran market fallout](https://longbridge.com/en/news/281164444.md)