China Last Night

The official blog account for @kraneshares.

[China Last Night @chinalastnight]

Hong Kong and Mainland China saw strong volumes, led by growth stocks, as Hong Kong internet stocks ended higher, along with tech hardware and semiconductor AI plays.

Read CLN: https://t.co/r3cVVBlQTL

[China Last Night @chinalastnight]

Auto stocks were higher following Friday’s release of April sales, led by @Xiaomi, which gained +6.75% on a 50% month-over-month (MoM) increase in unit sales.

Read CLN: https://t.co/p80hjpUBuk

[China Last Night @chinalastnight]

Cambricon had an excellent quarter, beating analyst expectations with triple-digit revenue and profit growth, lifting semiconductors and the STAR Board as standout performers.

Read CLN: https://t.co/OcJ3pU6hWl

[China Last Night @chinalastnight]

Q1 earnings season got off to an encouraging start, with results broadly beating expectations across insurance, exchanges, banks, and industrials, reflecting resilient fundamentals across key sectors.

Read CLN: https://t.co/WTQGXmY8L3

[China Last Night @chinalastnight]

Q1 earnings season began in earnest overnight with reports from @BYDCompany, @MindrayGlobal, @HonHai_Foxconn, China Merchants Bank, and @CNOOCUgandaLtd.

Read CLN: https://t.co/yQ3K2msMYv

[China Last Night @chinalastnight]

Asian equities were largely higher on a weaker US dollar, led by the AI "picks & shovels" trade in Korea and Taiwan, which are posting exceedingly strong month-to-date returns.

Read CLN: https://t.co/aGYYDmxeG0

[China Last Night @chinalastnight]

The Beijing Auto Show kicked off overnight, as $XPEV gained +3.38% after announcing interest in their self-driving technology with “overseas” auto companies.

Read CLN: https://t.co/aP60e9D2ae

[China Last Night @chinalastnight]

$BABA's US listing is rising pre-market following The Information's report that @deepseek_ai is raising money from @TencentGlobal and @AlibabaGroup at a $20 billion valuation.

Read CLN: https://t.co/zC7VB4Zcgw

[China Last Night @chinalastnight]

Mainland China's Q1 GDP came in ahead of expectations at 5%, accelerating from Q4, with industrial production also beating estimates, and property metrics showing early signs of stabilization.

Read CLN: https://t.co/sTK7GUNMPW

[China Last Night @chinalastnight]

Hong Kong was led by growth stocks, with a strong emphasis on healthcare, following the State Council and multiple healthcare agencies' release of “The Opinions on Improving the Formation of Drug Prices”.

Read CLN: https://t.co/uyVMWeap1a

[China Last Night @chinalastnight]

Read CLN: https://t.co/ZyoBB1mUlf

[China Last Night @chinalastnight]

The State Administration for Market Regulation (SAMR) held its “first symposium on fair competition for enterprises in 2026”.

[China Last Night @chinalastnight]

Read CLN: https://t.co/Mjpe2ezsqT

[China Last Night @chinalastnight]

Mainland media source, @EDNewsChina, published an article titled “The Takeout War is Over.”

[China Last Night @chinalastnight]

Read CLN: https://t.co/mpx1UlHh0v

[China Last Night @chinalastnight]

Alibaba reported Q4 financial results overnight, as its core business grew solidly, AI and cloud delivered a 10th consecutive quarter of double-digit growth, and instant commerce showed improving unit economics.

$BABA @AlibabaGroup

[China Last Night @chinalastnight]

Read CLN: https://t.co/WTpH7poqg7

[China Last Night @chinalastnight]

China's retail sales increased 2.8% year-over-year in the first two months of the year, versus the 2.5% expected by economists.

[China Last Night @chinalastnight]

Read CLN: https://t.co/pyrH7fd8Xl

[China Last Night @chinalastnight]

The 7-day reverse repo rate was capped at 1.4%, which will lower the interest on RMB 10 trillion worth of deposits.