---
title: "Weak U.S. bond auction drags down U.S. stocks; Alibaba Digital Media and Entertainment rebrands | Today's important news recap"
description: "0522 | Dolphin Research Key Points: 🐬 Macro/Industry 1. The U.S. 20-year Treasury auction saw weak demand, with the awarded rate rising to 5.047% and the bid-to-cover ratio dropping to 2.46 times, ne"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/29943876.md"
published_at: "2025-05-22T08:36:45.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# Weak U.S. bond auction drags down U.S. stocks; Alibaba Digital Media and Entertainment rebrands | Today's important news recap

## 0522 | **Dolphin Research Key Focus:**

### **🐬 Macro/Industry**

**1、**The demand for the 20-year U.S. Treasury bond auction was weak, with the awarded rate rising to 5.047% and the bid-to-cover ratio dropping to 2.46x, nearly the worst performance since its launch five years ago. The surge in long-term Treasury yields dragged down U.S. stocks, boosting safe-haven sentiment, with gold rising and Bitcoin hitting a record high. The auction results exposed market concerns about the sustainability of U.S. long-term debt. Dolphin Research's brief review can be found in [U.S. 20-Year Treasury Auction Ends Poorly](https://longportapp.cn/zh-CN/topics/29934441?invite-code=032064).

### **🐬 Stocks**

**1、**$BABA-W(09988.HK)

Alibaba Digital Media and Entertainment Group announced that it will be renamed "Orca Digital Media Group" effective immediately, with Alibaba Pictures to be renamed Damai Entertainment. According to Orca Digital Media's internal announcement: "Moving forward, Orca Digital Media will continue to operate as Alibaba's cultural and entertainment group, with Youku and Damai Entertainment as its key business drivers, creating joy for users." In Q1 2025, Alibaba Digital Media and Entertainment Group turned adjusted EBITDA positive, achieving quarterly profitability, primarily driven by Youku, with revenue up 12% YoY to RMB 5.6 billion.

**2、**$XIAOMI-W(01810.HK)

At 7 PM tonight, Xiaomi will hold a strategic new product launch event at the Beijing Etrong International Exhibition Center. The self-developed smartphone SoC chip "Xuanjie O1" will be the highlight of the event; in addition, Xiaomi's SUV model YU7 is another key focus.

**3、Key Earnings Reports and Conference Call Minutes**

XPeng: [XPeng: After Bitter Comes Sweet, Is XPeng Ready to Soar?](https://longportapp.cn/zh-CN/topics/29900770?invite-code=032064), [XPeng (1Q25 Minutes): Gaining Momentum, Is This 'Big Peng' Really Taking Off?](https://longportapp.cn/zh-CN/topics/29907411?invite-code=032064)

Baidu: [DeepSeek's Divine Assist, Is Baidu Back in the Game?](https://longportapp.cn/zh-CN/topics/29900027?invite-code=032064), [Baidu (Minutes): AI Search Requires Restructuring Monetization Model, Short-Term Revenue May Face Pressure](https://longportapp.cn/zh-CN/topics/29911118?invite-code=032064)

Huazhu: [Volume and Price Both Fall! Can Huazhu Still Bounce Back?](https://longportapp.cn/zh-CN/topics/29897878?invite-code=032064), [Huazhu Group (1Q25 Minutes): Q2 RevPAR Will Narrow Sequentially](https://longportapp.cn/zh-CN/topics/29909284?invite-code=032064)

Tonight, Boss Zhipin will release its earnings report, and Dolphin Research will track and provide analysis.

### **🐬 Top Gainers**

**Shanghai/Shenzhen:** Internet Information & Content, Data Processing & Outsourcing Services, Highways - Passenger Transport;

**Hong Kong:** Packaging, Highways - Freight Transport, Consumer Goods Retailers;

**U.S.:** Textiles, Precious Metals & Minerals, Internet Content & Information.

### **🐬 Tomorrow's Focus**

**1、**MINISO will release its earnings report.

Risk Disclosures and Disclaimers: [Dolphin Research Disclaimer and General Disclosures](https://support.longbridge.global/topics/misc/dolphin-disclaimer)

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.