Chinese ETFs and ADRs jumped in premarket trading on Wednesday. Bilibili up 10%; iQiyi up 3%; YINN rose 2%; XPeng, Li Auto, JD.com rose 1%; Alibaba, PDD Holdings rose 0.4%.
Bilibili stock soars as Zhejiang has introduced measures to boost game exports by supporting companies’ global expansion, platform partnerships, and international branding efforts.