---
title: "Pre-market US stocks | BABA-SWR revenue falls short of expectations, but surges 4%! PDD rises, while other Chinese concept stocks generally decline."
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/107641740.md"
description: "BABA-SWR surged 4%, after briefly falling more than 2%. The company announced an increase in its share repurchase plan by $25 billion, bringing the total repurchase size to $65 billion. Other Chinese concept stocks experienced a temporary decline, but the decline has narrowed. Bilibili fell nearly 3%, XPENG-W and Li Auto dropped more than 2%, NIO-SW, NetEase, and JD.com fell more than 1%, while Pinduoduo rose 1%."
datetime: "2024-02-07T11:46:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/107641740.md)
  - [en](https://longbridge.com/en/news/107641740.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/107641740.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/107641740.md) | [繁體中文](https://longbridge.com/zh-HK/news/107641740.md)


# Pre-market US stocks | BABA-SWR revenue falls short of expectations, but surges 4%! PDD rises, while other Chinese concept stocks generally decline.

### Top News in US Stocks

1.  The Central Committee of the Communist Party of China has appointed Comrade Wu Qing as the Secretary of the Party Committee of the China Securities Regulatory Commission, relieving Comrade Yi Huiman of his position.

The State Council of China has appointed Comrade Wu Qing as the Chairman of the China Securities Regulatory Commission, relieving Comrade Yi Huiman of his position.

1.  Alibaba's revenue in the third quarter was RMB 260.35 billion, slightly lower than the estimated RMB 261.25 billion. The adjusted earnings per ADS in the third quarter were RMB 18.97. The adjusted EBITDA in the third quarter was RMB 59.57 billion, a YoY increase of 0.7%.

The company announced an increase in its share repurchase program by $25 billion, bringing the total repurchase size to $65 billion.

1.  According to the China Association of Automobile Manufacturers, Tesla exported approximately 32,000 China-made cars in January.
    
2.  Tesla only sold one electric car in South Korea in January, as a series of unfavorable factors such as safety issues, pricing, and lack of charging infrastructure dampened demand.
    
3.  Taiwan Semiconductor reported sales of TWD 215.79 billion in January, a YoY increase of 7.9%, compared to TWD 200.05 billion in the same period last year.
    
4.  Zhang Nan, CEO of Douyin Group, announced that he has resigned from the position of CEO and will focus on the development of the app "Jianying" in the future.
    

### Pre-market Movers

In pre-market trading, the futures of the three major stock indexes in the US rose, while the fear index declined.

Technology stocks generally rose in pre-market trading, with Tesla up 1%, and Nvidia, AMD, Meta, and Amazon all rising.

Alibaba surged 4%, after initially falling more than 2%. The company announced an increase in its share repurchase program by $25 billion, bringing the total repurchase size to $65 billion.

Other Chinese stocks initially experienced a sharp decline but have since narrowed their losses. Bilibili fell nearly 3%, while XPeng and Li Auto fell more than 2%. Nio, NetEase, and JD.com fell more than 1%, while Pinduoduo rose 1%.

In terms of individual stocks, Snap fell more than 30% in pre-market trading. The company's daily active users in the fourth quarter exceeded expectations, but the estimated loss for the first quarter exceeded market expectations.

Yum China rose nearly 15% as the company's fourth-quarter results exceeded expectations and the dividend payout exceeded expectations.

Ford Motor Company rose nearly 6% as its adjusted EPS for the fourth quarter was $0.29, higher than analysts' expectations of $0.13.

### Strategy Review

**1\. Eli Lilly replacing Tesla, calls for the inclusion of "The Magnificent Seven" in US stocks**

Some analysts believe that with the strong demand for Eli Lilly's "weight loss drug," research results on the liver disease MASH, the expected lifting of supply restrictions, a solid capital barrier, and high market expectations, the pharmaceutical giant Eli Lilly has sufficient reasons to replace Tesla and become one of "The Magnificent Seven" in US stocks.

**2\. After breaking through the $700 mark, Nvidia finally experienced a decline!** "Can't go up every day"? In the short term, there is often a slight pullback after being "overbought"; in the long term, NVIDIA's dominant position may face challenges - how long can the "Ponzi game" based solely on the dominance of the H100 chip last?

**3\. Last year, it surged by 250%, and this year it doubled. Why is AMD the "most enchanting stock" in AI?**

For AMD, it doesn't matter who wins the AI competition. Because if you buy AI chips, whether from NVIDIA or other companies, you still need to integrate and cool the chips - this is where AMD comes in.

**4\. Liu Qiangdong has given employees a raise again.**

In the context of major internet companies cutting costs and increasing efficiency, JD.com not only did not lay off employees but also gave them a raise, which has made many employees of other major companies envious.

**5\. Who received Tencent's huge year-end bonus?**

The rules have never changed, and everything is based on performance: in general, the year-end bonus is usually 2-6 months' salary, and those with good performance will receive additional rewards. It can be imagined that the year-end bonus in Tencent's gaming and WeChat departments is relatively higher within the group.

### 相关股票

- [Meta Platforms (META.US)](https://longbridge.com/zh-CN/quote/META.US.md)
- [Alphabet (GOOGL.US)](https://longbridge.com/zh-CN/quote/GOOGL.US.md)
- [Alphabet - C (GOOG.US)](https://longbridge.com/zh-CN/quote/GOOG.US.md)
- [Microsoft (MSFT.US)](https://longbridge.com/zh-CN/quote/MSFT.US.md)
- [Apple (AAPL.US)](https://longbridge.com/zh-CN/quote/AAPL.US.md)
- [Amazon (AMZN.US)](https://longbridge.com/zh-CN/quote/AMZN.US.md)
- [Tesla (TSLA.US)](https://longbridge.com/zh-CN/quote/TSLA.US.md)
- [NVIDIA (NVDA.US)](https://longbridge.com/zh-CN/quote/NVDA.US.md)
- [Netflix (NFLX.US)](https://longbridge.com/zh-CN/quote/NFLX.US.md)
- [AMD (AMD.US)](https://longbridge.com/zh-CN/quote/AMD.US.md)
- [Ford Motor (F.US)](https://longbridge.com/zh-CN/quote/F.US.md)
- [YUM China (YUMC.US)](https://longbridge.com/zh-CN/quote/YUMC.US.md)
- [Snap (SNAP.US)](https://longbridge.com/zh-CN/quote/SNAP.US.md)
- [PDD (PDD.US)](https://longbridge.com/zh-CN/quote/PDD.US.md)
- [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md)
- [JD.com (JD.US)](https://longbridge.com/zh-CN/quote/JD.US.md)
- [NIO Inc (NIO.US)](https://longbridge.com/zh-CN/quote/NIO.US.md)
- [XPeng (XPEV.US)](https://longbridge.com/zh-CN/quote/XPEV.US.md)
- [Li Auto (LI.US)](https://longbridge.com/zh-CN/quote/LI.US.md)
- [NetEase (NTES.US)](https://longbridge.com/zh-CN/quote/NTES.US.md)
- [Bilibili (BILI.US)](https://longbridge.com/zh-CN/quote/BILI.US.md)
- [BABA-W (09988.HK)](https://longbridge.com/zh-CN/quote/09988.HK.md)
- [Invesco Golden Dragon China (PGJ.US)](https://longbridge.com/zh-CN/quote/PGJ.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/zh-CN/quote/09868.HK.md)
- [BABA-WR (89988.HK)](https://longbridge.com/zh-CN/quote/89988.HK.md)

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