Major US-listed Chinese Stocks Surge, Kingsoft Cloud Soars Over 15%

Stock News

05/13

The Nasdaq Golden Dragon China Index rose 2.70% on Wednesday, with popular US-listed Chinese stocks broadly advancing. Kingsoft Cloud Holdings Ltd (KC.US) surged more than 15%, while Hesai Group (HSAI.US) gained over 6%. Alibaba (BABA.US) and Baidu (BIDU.US) climbed nearly 6%, NIO Inc. (NIO.US) rose more than 5%, and PDD Holdings Inc (PDD.US) along with Bilibili Inc. (BILI.US) increased over 3%.

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