Chinese ADRs shined in premarket trading. Bilibili, Hesai Group up about 5%; NIO, Alibaba up over 2%; Li Auto, XPeng, YINN up over 1%.

Hesai Group announced an expansion of its production agreement with a prominent U.S.-based robotaxi company. The contract, now valued at over $40 million, covers deliveries through the end of 2026.

Crypto stocks were mixed in premarket trading. Bitfarms rose 20%; Upexi up nearly 3%; Circle up over 2%; SBET, BMNR down over 2%.

Opendoor Technologies Inc rose 7% in premarket trading.

Eric Jackson, founder of EMJ Capital, has pushed back on comparisons to legendary GameStop Corp. retail investor “Roaring Kitty,” asserting that his conviction in Opendoor Technologies Inc. stems from fundamental value rather than internet virality.

In a recent X post, Jackson declared, “People keep calling me the new Roaring Kitty. Respect to him—he proved retail can move markets. But here's the difference: $GME was a dying mall retailer. $OPEN is a Carvana-like platform in housing with real growth, real margins, and a clear path to $82 -> $500.”