--- title: "Pre-market hot trades in US stocks: Alibaba's quarterly profit plummets 38%, leading to a pre-market drop of 3.56%, strategic integration fails to save the market" type: "News" locale: "en" url: "https://longbridge.com/en/news/296482094.md" description: "Alibaba pre-market fell 3.56%; Singularity Future Tech pre-market rose 138.93%; BTC Digital pre-market rose 93.62%; Reitar Logtech pre-market rose 85.58%" datetime: "2026-08-20T11:22:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296482094.md) - [en](https://longbridge.com/en/news/296482094.md) - [zh-HK](https://longbridge.com/zh-HK/news/296482094.md) generator: "portal-rs" --- # Pre-market hot trades in US stocks: Alibaba's quarterly profit plummets 38%, leading to a pre-market drop of 3.56%, strategic integration fails to save the market **Pre-market Hot Trades in US Stocks** Alibaba pre-market dropped 3.56%. Based on recent key news: 1. On August 20, Alibaba announced its first fiscal quarter results for the period ending June 30, 2026, with a profit attributable to shareholders of 10.54 billion yuan, a year-on-year decline of 38%, falling short of the market expectation of 25.5 billion yuan. Free cash flow recorded a negative 44.67 billion yuan, widening from a negative 18.82 billion yuan in the same period last year, leading to a pre-market drop of 3.56% in stock price. 2. On August 18, Alibaba reduced its long position in E-House China to 5.76%, indicating a strategic adjustment in some investments, which affected market confidence. 3. On August 20, Alibaba announced strategic integration of certain businesses within the quarter to achieve synergies among various commercial platforms, but failed to immediately boost stock prices. Tech stocks generally rose, while macroeconomic data remained weak. **Top Gainers in Pre-market US Stocks** Singularity Future Tech pre-market rose 138.93%. Based on recent key news: 1. On August 18, Singularity Future Tech announced a securities purchase agreement with non-US investors, selling 21,520,803 shares of common stock at a price of $1.394 per share, raising approximately $30 million. This move aims to enhance liquidity and support the company's development plans. 2. On August 19, Singularity Future Tech announced plans for a $30 million private placement and intends to change the company name to Compower Ltd, while proposing a reverse stock split plan with a split ratio ranging from 1-for-5 to 1-for-20. Shareholders will vote on these matters in a special meeting. 3. On August 20, Singularity Future Tech signed a non-binding strategic development framework agreement with Florence Development LLC, planning to develop a 900-acre AI data center park in Florence, South Carolina. The park will be used for AI computing, hyperscale data centers, and high-performance computing applications. The technology and digital infrastructure sector has performed strongly recently. BTC Digital pre-market rose 93.62%. Based on recent key news: 1. On August 20, Coty Inc announced its fourth-quarter financial report, with mixed results, and issued a lower-than-expected first-quarter adjusted earnings per share guidance. The company also disclosed that the exit from the Gucci Beauty license will lead to a decline in sales and profits for fiscal year 2028, causing a pre-market drop of 7.7% in stock price. 2. On August 20, Coty Inc announced its fourth-quarter financial report, with mixed results, and issued a lower-than-expected first-quarter adjusted earnings per share guidance. The company also disclosed that the exit from the Gucci Beauty license will lead to a decline in sales and profits for fiscal year 2028, causing a pre-market drop of 7.7% in stock price 3. Recently, there are no other important news. Market volatility is significant, and attention should be paid to macroeconomic dynamics. Reitar Logtech rose 85.58% in pre-market trading. Based on recent key news: 1. On August 17, Reitar Logtech Holdings Ltd. released original content through the EDGAR system of the U.S. Securities and Exchange Commission, detailing the company's latest financial and operational status. This announcement triggered a positive market reaction, driving the stock price significantly higher. 2. On August 18, Churchill Capital Corp XI attempted to merge with a humanoid robot manufacturer, despite the SPAC bubble having burst. The stock performance of Reitar Logtech resembles an electrocardiogram during a heart attack, showing extreme volatility. Investors are optimistic about the company's future cash flow and order backlog, further pushing up the stock price. 3. On August 20, Coty Inc. released mixed fourth-quarter financial results and provided lower-than-expected guidance for adjusted earnings per share for the first quarter. Although this is not directly related to Reitar Logtech, the overall market reaction to the earnings season may have influenced investor sentiment, indirectly driving the stock price volatility of Reitar Logtech. 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