HK Stocks Close Lower. NetEase Soars 13%; Mixue Group up 6%; BYD up 3%; Xiaomi up 1.7%; Alibaba Down 4%; JD.com Down 3%; Tencent Down 1.5%

Market Watcher

05-16

Hong Kong stock market closed lower on Friday with the Hang Seng Index (HSI) down 0.46%, the Hang Seng China Enterprises Index (HSCEI) down 0.49%, the Hang Seng Tech Index (HSTECH) down 0.31%.

Alibaba fell more than 4% after its fourth-quarter fiscal 2025 earnings report showed revenue and net profit below market expectations. In contrast, NetEase rose more than 13% due to strong first-quarter performance, with game revenue exceeding expectations and Citigroup raising its target price to $156.

Mixue Group rose 6.26%; BYD rose 3.28%; NIO up 2.4%; Li Auto, Xiaomi up over 1%; Tencent fell 1.45%; JD.com, Meituan fell nearly 3%.

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NetEase Soars 13%; Mixue Group up 6%; BYD up 3%; Xiaomi up 1.7%; Alibaba Down 4%; JD.com Down 3%; Tencent Down 1.5%","media":"Market Watcher","content":"<html><head></head><body><p>Hong Kong stock market closed lower on Friday with the Hang Seng Index (HSI) down 0.46%, the Hang Seng China Enterprises Index (HSCEI) down 0.49%, the Hang Seng Tech Index (HSTECH) down 0.31%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ffc8c7525dd9638b5d79f0ac076269e5\" tg-width=\"936\" tg-height=\"150\"/></p><p>Alibaba fell more than 4% after its fourth-quarter fiscal 2025 earnings report showed revenue and net profit below market expectations. In contrast, NetEase rose more than 13% due to strong first-quarter performance, with game revenue exceeding expectations and Citigroup raising its target price to $156. </p><p>Mixue Group rose 6.26%; BYD rose 3.28%; NIO up 2.4%; Li Auto, Xiaomi up over 1%; Tencent fell 1.45%; JD.com, Meituan fell nearly 3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c520eb3d1eb305f61cce696e9c2e1ebe\" tg-width=\"505\" tg-height=\"777\"/></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HK Stocks Close Lower. 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NetEase Soars 13%; Mixue Group up 6%; BYD up 3%; Xiaomi up 1.7%; Alibaba Down 4%; JD.com Down 3%; Tencent Down 1.5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1027265475\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Watcher </p>\n<p class=\"h-time\">2025-05-16 16:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hong Kong stock market closed lower on Friday with the Hang Seng Index (HSI) down 0.46%, the Hang Seng China Enterprises Index (HSCEI) down 0.49%, the Hang Seng Tech Index (HSTECH) down 0.31%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ffc8c7525dd9638b5d79f0ac076269e5\" tg-width=\"936\" tg-height=\"150\"/></p><p>Alibaba fell more than 4% after its fourth-quarter fiscal 2025 earnings report showed revenue and net profit below market expectations. 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