Stocks
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BofA: Rising blade battery adoption to drive BYD growth
In a report on October 29, BofA analyst Ming Hsun Lee and Jessie Lo said rising blade battery adoption and better mix of electronic business will drive growth of Chinese carmaker BYD.
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Morgan Stanley says 'NIO is a strong EV leader in the making', raises price target by 61%
Following JP Morgan's bullish report two weeks ago, another Wall Street firm Morgan Stanley also joined the ranks of updating their views on Chinese EV maker NIO (NYSE: NIO).
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TikTok's Chinese rival Kuaishou reportedly plans to apply for Hong Kong listing as early as next week
Kuaishou, the main rival of TikTok's Chinese version (Douyin), plans to submit an application for a Hong Kong listing as early as next week, the International Financial Review said, citing people with knowledge of the matter.
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Chinese company increases its stake in Opera by 8.47% to become controlling shareholder
Shenzhen-listed Beijing Kunlun Tech Co., Ltd. announced on October 25 that its subsidiary Hong Kong Kunlun will pay cash for an 8.47% stake in Opera at $8.22 per ADS, for a total transaction amount of $80.145 million.
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Bitauto, created by NIO founder, will be delisted from NYSE as shareholders approve deal
Bitauto (NYSE: BITA), the Chinese Internet car service provider founded by NIO (NYSE: NIO) founder William Li Bin, will be delisted from the New York Stock Exchange after its shareholders voted to approve a privatization proposal, the company announced Friday.
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Baidu reportedly plans secondary listing in Hong Kong by year-end
Chinese search engine giant Baidu plans to complete a secondary listing in Hong Kong by the end of this year, Tencent Tech reported on Wednesday, adding that it will be another star tech company familiar to retail investors after Ant Group's IPO in early November.
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NIO shorts rushing to cover their positions in past week, data show
NIO shorts have been covering in size during the recent continuation of its rally, with 14 million shares covered over the last month worth $394 million, according to data from S3 Partners.
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Deutsche Bank maintains 'buy' rating on NIO as analyst sees demand outpaces supply
Chinese electric vehicle (EV) maker NIO (NYSE: NIO) shares are up an incredible 1,070 percent since their March lows. Deutsche Bank analyst Edison Yu notes that there aren't any specific factors driving the stock higher, but he points to a couple of developments that have helped keep the momentum going.
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Prominent opinion leaders say NIO business is unique, growth potential should not be underestimated
NIO's unique business model is poised for continued growth in the face of Tesla's expansion in China, said Li Haode, a leading financial opinion leader.
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Ming-Chi Kuo: iPhone 12 pre-orders will drive Apple and supply chain's stock rally
The iPhone 12 and 12 Pro outperformed the iPhone 11 series pre-order results, favoring the recent rebound in Apple and industry chain shares, Tianfeng International analyst Ming-Chi Kuo said in a research note.