Cathie Wood’s Ark Investment Management on Friday loaded up another 18,000 shares — worth about $823,320 — in the U.S. listed Chinese electric vehicle maker $XPeng(XPEV.US)$
Xpeng’s stock closed 4.5% higher at $44.47 a share on Wednesday. The stock is up about 3.7% fp or the year.
The Guangzhou, China-based company bolted ahead of local rivals $NIO Inc(NIO.US)$ and $Li Auto(LI.US)$ last month with deliveries.
Each of the three players delivered more than 10,000 electric vehicles — with Xpeng leading the pack at 15,613 units, Li Auto grabbing the second spot at 13,485 units and Nio dispatching 10,878 units to dealers during the month.
Ark Invest first bought shares in Xpeng on Dec. 3 and has since piled up shares in the electric vehicle company’s stock on six days, all via the $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ . ARKQ held 637,042 shares — worth $27.88 million in Xpeng, prior to Thursday’s trade.
Besides Xpeng, the Elon Musk-led Tesla is the only all-electric vehicle maker in which Ark Invest has bought large amounts. The firm counts Tesla as its largest holding and owns shares worth billions in the company via its exchange-traded funds.
The investment firm has been booking profit in Tesla since early September when shares of the company began an upward march.
Ark also sold 2,273 shares — estimated to be worth $6.68 million — in $Alphabet-C(GOOG.US)$ . The stock closed 1.89% higher at $2,938.9 a share on Wednesday.

The Chinese metaverse concept stocks, which I did in the following video:-
https://youtu.be/sNEAaDe6vfg
(do subscribe if you like the video)
you can take a look if you are interested. By the way, Baidu jumped again on this metaverse concept during a conference yesterday as they launched the Baidu's Xirang version 6... He nevertheless mentioned that the "product" launch is still in prototype and requires at least 7 years for this to take off... So far, he expects the few senses like "sight, hear, feel" etc are the biggest impediments for the metaverse.
Anyway, it is what it is but stock price for Baidu, Huya, Bilibili still went up yesterday... So until the release of good earnings if any, all these chinese counters like Huya, Bilibili, Baidu, NetEase, etc will be dependent on market sentiment...
Question now is will Bilibili make lower low and touched around 43 USD, a 52 weeks low... Isnt it incredible when at its peak, it was 157 USD.. This is like almost a 75% discount to price peak but then this is assuming that price peak is a "right" price to value the stock...
After hitting support level of around 75 HKD (i did mentioned in my youtube video on around 13 Dec 2021), Kuaishou Tech managed a small comeback to around 78.6 HKD now... Again my concern for Kuaishou is on the cash burn side and I wouldnt use it for investment but will rather use it for trading if there is a chance. Long time readers should note that I am concerned about a fundraising that could impact on market sentiments on the pricing of Kuaishou..
$Baidu(BIDU.US)$ $HUYA Inc(HUYA.US)$ $DouYu(DOYU.US)$ $BILIBILI-W(09626.HK)$ $Bilibili(BILI.US)$ $KUAISHOU-W(01024.HK)$ $Meta Platforms(FB.US)$ $NVIDIA(NVDA.US)$ $TENCENT(00700.HK)$ $NetEase(NTES.US)$
For Huya, it is very much affected by pricing multiples for Bilibili and Kuaishou Tech so whenever they rise or fall, Huya does pretty much the same... Now with Bytedance's IPO likely to be in the late part of 2022, we could only wait for the excitement to return to this sector sometime later in 2022!
In the meantime, I will stay safe and not overdeploy risk capital into this sector though I have been slowly building my position in Huya.
As always, this should not be construed as any investment or trading advice.

If any stock surges, follow suit. As a result, it is stuck at the highest level
Falling more and more, falling more
Final stop loss
Understand that don't follow suit, don't follow suit, don't follow suit
$UP Fintech(TIGR.US)$ @

My youtube channel:
https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw
We are well aware that the non-Chinese media has been circulating negative market and economic narratives over Chinese economy. Evergrande debt default as well as a few other property developers like Kaisa, etc had also announced the difficulty to meet payment deadlines and expressed liqudity concerns.
Soon after, there are reports that said Evergrande's creditors are filing for 13 billion USD liabilities claims from Evergrande. PBOC of China has stated that this will not be a market event disrupting market stability in China and Hong Kong but nevertheless, we note that Guangdong state has sent in a restructuring team to the headquarter of Evergrande to "assist" in such matters.
But all in all, RMB is still strong and PBOC has recently reduced the reserve deposit to be maintained at the banks thereby releasing more liquidity into the system. Bearing in mind the strong RMB may not help in exports though China has been pushing for its own domestic consumption to support its GDP, we nevertheless know that a too strong RMB would not be ideal. This comes at a time when USD in itself is also appreciating meaning RMB has appreciated way stronger than years ago. So how can PBOC and Chinese authorities come out with new measures?
I predict that PBOC will eventually work with CSRC, cyberspace admin, SAFE to allow the overseas investment by Chinese citizens thereby allowing the demand and supply balance of RMB (out and in) to be healthier rather than simply allowing strong demand for RMB due to the opening of its financial markets. As for the tech regulations, I believe it will be clarified in 2022 given that tech companies have grown to become so important to China's economy. If this is the case, then hopefully the PBOC and CSRC can have a good talk with cyberspace admin to say that the pressure on tech companies should be less intensive so that these tech companies can contribute to tax revenue to the country as well as generating jobs for China. Also, this can provide more inflows of funds into the tech companies once the tech regulations have been clarified.
These two steps are two logical steps.... But will China really do these two logical steps? I will leave it to time to show if my analysis and predictions will be right.
As always, this should not be construed as any investment or trading advice.
$UP Fintech(TIGR.US)$ $Futu Holdings Ltd(FUTU.US)$ $NTES-S(09999.HK)$ $NetEase(NTES.US)$ $Alibaba(BABA.US)$ $HUYA Inc(HUYA.US)$ $Bilibili(BILI.US)$ $BILIBILI-W(09626.HK)$ $KUAISHOU-W(01024.HK)$ $Hang Seng TECH Index(800700.HK)$ $iShares Hang Seng TECH ETF(03067.HK)$ $DouYu(DOYU.US)$ $Baidu(BIDU.US)$ $Weibo(WB.US)$ $Haier Smart Home(600690.SH)$ $XIAOMI-W(01810.HK)$ $Lenovo(05562.HK)$ $JD.com(JD.US)$ $MEITUAN-W(03690.HK)$ $Meituan(ADR)(MPNGF.US)$ $PDD Holdings(PDD.US)$

$OCBC Bank(O39.SG)$ You are amazing. If someone else is red, you are green, if someone else is green, you are red

Shares of $Alibaba(BABA.US)$ , $Tencent(TCEHY.US)$ , $Baidu(BIDU.US)$ , $JD.com(JD.US)$, $Li Auto(LI.US)$ and $XPeng(XPEV.US)$ rose in Hong Kong on Monday.
What’s Moving: Chinese e-commerce giant Alibaba’s shares traded 3.2% higher at HKD 125.10 in Hong Kong, while peer JD.Com’s shares have risen almost 1% to HKD 315.20. Alibaba is scheduled to hold its virtual investor day event on Dec. 16 and Dec. 17. Tech conglomerate Tencent’s shares have gained 2.7% to HKD 476.00 and technology company Baidu’s shares have risen 1.3% to HKD 147.80. Electric vehicle maker Li Auto’s shares traded 4.3% higher at HKD 127.90 and peer Xpeng’s shares are up 3.4% to HKD 186.40. Hong Kong’s benchmark Hang Seng Index opened higher on Monday and was up 1.1% at the time of writing. The index snapped a three-day winning streak and closed almost 1.1% lower on Friday.
Why Is It Moving? The Hang Seng Index rose after China’s policymakers pledged to ensure economic stability next year and also hinted at easing regulations on Big Tech companies following a regulatory crackdown this year.
The annual Central Economic Work Conference concluded in Beijing on Friday, with policy markets stressing on efforts to maintain economic stability next year while pursuing progress, the state-run Xinhua News Agency reported.
Shares of Chinese companies closed mostly higher in U.S. trading on Friday after the major averages in the U.S. ended at record highs. This was despite the Labor Department reporting a 6.8% increase in the consumer price index (CPI) in the month of November, the fastest inflation growth since 1982.

$XPENG-W(09868.HK)$ aaa

$HUYA Inc(HUYA.US)$
finally it’s moving

$UP Fintech(TIGR.US)$
just reached all time low in 52 weeks