China ADRs & ETFs Extend Rally. NIO up 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.com, PDD up More Than 2%

Tiger Newspress

06-04

China ADRs and ETFs jumped on Wednesday. Zai Lab up 16%; NIO jumped over 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.Com, PDD up more than 2%.

Nio Inc. aims to reduce research and development spending by as much as 25% as it seeks to reach its break-even target by the fourth quarter.

Expenses may drop to between 2 billion yuan ($278 million) to 2.5 billion yuan per quarter, or a 20% to 25% decrease from last year, the Chinese electric-vehicle maker said on its earnings call Tuesday.

Chairman William Li expects to see cost-control efforts materialize from the second quarter, after first-quarter revenue missed estimates despite seeing higher deliveries.

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NIO up 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.com, PDD up More Than 2%","media":"Tiger Newspress","content":"<html><head></head><body><p>China ADRs and ETFs jumped on Wednesday. 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NIO up 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.com, PDD up More Than 2%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2025-06-04 23:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><head></head><body><p>China ADRs and ETFs jumped on Wednesday. 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Zai Lab up 16%; NIO jumped over 7%; Alibaba, YINN, XPeng, Chagee up over 4%; JD.Com, PDD up more than 2%.Nio Inc. aims to reduce research and development spending by as much as 25% as it seeks to reach its break-even target by the fourth quarter.Expenses may drop to between 2 billion yuan ($278 million) to 2.5 billion yuan per quarter, or a 20% to 25% decrease from last year, the Chinese electric-vehicle maker said on its earnings call Tuesday.Chairman William Li expects to see cost-control efforts materialize from the second quarter, after first-quarter revenue missed estimates despite seeing higher deliveries.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}