<h3>U.S. Stock Market News</h3>
<ol>
<li>
JD.com's net revenue in the first quarter was 260.05 billion RMB, a year-on-year increase of 7%, exceeding the market estimate of 258.35 billion RMB. Adjusted earnings per ADS in the first quarter were 5.65 RMB, compared to 4.76 RMB in the same period last year, surpassing the market estimate of 4.67 RMB. Adjusted EBITDA in the first quarter was 10.8 billion RMB, a 14% year-on-year growth, higher than the market estimate of 9.5 billion RMB.
</li>
<li>
Baidu's total revenue in the first quarter was 31.5 billion RMB, with core revenue of 23.8 billion RMB. Net profit attributable to Baidu (Non-GAAP) was 7.011 billion RMB, a 22% year-on-year increase, while net profit attributable to Baidu's core (Non-GAAP) was 6.628 billion RMB, a 26% year-on-year growth, both exceeding market expectations.
</li>
<li>
iQIYI achieved revenue of 7.9 billion RMB in the first quarter, slightly lower than the 8.3 billion RMB revenue in the same period last year, but in line with the market expectation of 78.5 billion RMB.
</li>
<li>
According to the Financial Times, the world's largest futures exchange, CME Group, plans to launch Bitcoin spot trading.
</li>
<li>
It is reported that after the May Day holiday, Li Auto is undergoing a new round of company-wide personnel optimization, with an overall optimization ratio exceeding 18%.
</li>
<li>
After the launch of Nio's second brand, Lede, Nio's co-founder and president, Qin Lihong, stated that Lede and Nio will both cooperate and differentiate. It is expected that Nio's third brand will also enter the market in about a year.
</li>
<li>
According to Xiaomi's official Weibo account, Xiaomi's large language model, MiLM, has officially passed the large model filing, and Xiaomi's large model will gradually be applied to Xiaomi's cars, phones, smart home products, and more.
</li>
</ol>
<h3>Pre-market Movement</h3>
In the U.S. stock market pre-market trading, futures of the three major stock indexes and the fear index all rose.
Bitcoin is currently trading at $66,200, up over 5% in the past 24 hours; Ethereum is trading at $3,001, up over 3% in the past 24 hours.
Chinese concept stocks and technology stocks rose in pre-market trading, while cryptocurrency-related stocks showed mixed movements.
JD.com rose over 4%, NetEase rose over 2%, Baidu, Alibaba, iQIYI rose over 1%, Pinduoduo, Nio, XPeng rose, Bilibili slightly declined, and Li Auto dropped over 1%.
AMD rose over 1%, NVIDIA, Tesla, Microsoft, Amazon rose, Meta, Apple declined.
Microstrategy rose over 1%, Coinbase, Marathon Digital declined.
Stocks related to the WSB concept fell, with GameStop (GME) dropping over 15% and AMC Theatres falling over 11%.
In terms of individual stocks, Faraday Future surged over 39% at one point, currently up 21%.
ZTO Express rose over 11%, with the company's net profit in the first quarter adjusted to a 15.8% year-on-year increase, and parcel volume growing by 13.9% year-on-year
<h3>Strategy Review</h3>
1. AI Revenue Surges by Three Digits! What Did Alibaba Cloud Do Behind the Scenes?
Currently, it seems that Alibaba Cloud's &#34;AI-driven, public cloud-first strategy&#34; has begun to take effect, as Alibaba Cloud has chosen a focused path. However, for future growth, the most important factor still relies on the significant development of the generative AI industry, and the certainty of this is continuously strengthening. Just as Alibaba predicted in its financial report: &#34;Alibaba Cloud is expected to return to double-digit growth in the second half of the year.&#34;
2. Berkshire's &#34;Mysterious Holdings&#34; - A &#34;Dividend Aristocrat&#34; with 31 Consecutive Years of Dividend Growth
Berkshire's ninth largest holding, Chubb, is one of the world's largest property and casualty insurance companies. Chubb also holds the rare label of being a &#34;Dividend Aristocrat&#34; in the U.S. stock market.
The term &#34;Dividend Aristocrat&#34; refers to companies in the S&amp;P 500 index that have achieved dividend growth for over 25 consecutive years. Currently, only 68 companies meet this standard, and Chubb is one of them, having achieved dividend growth for 31 consecutive years.
3. Morgan Stanley: WoA AI PCs Are Coming, Is the Era of AI Personal Computers Here?
Under the energy-saving trend of the AI personal computer era, the &#34;Wintel&#34; based on x86 architecture is shifting towards the &#34;WoA&#34; based on Arm architecture, with upstream companies like Qualcomm and MediaTek potentially benefiting

JD pre-market up more than 4%, NetEase up more than 2%, Baidu, Alibaba, iQIYI up more than 1%, Li Auto down more than 1%. GameStop GME down more than 15%, AMC movie theaters down more than 11%. Faraday Future surged over 39% at one point, now up 21%. ZTO Express up more than 11%

LB Select

JD.com

Baidu

NetEase

Alibaba

iQIYI

Li Auto

XPeng

Bilibili

Meta Platforms

Alphabet

Alphabet - C

Tesla

NVIDIA

Apple

Microsoft

Amazon

GameStop

AMC ENT

Faraday Future Intelligent Electric

ZTO Express

Strategy

Coinbase

Mara

ZTO EXPRESS-W

JD-SW

JD-SWR

BIDU-SWR

BIDU-SW

Pre-market trading in US stocks | JD.com, Baidu soar after earnings! WSB concept stocks GME, AMC continue to fall