Hot Chinese stocks closed mixed on Friday, with POP CULTURE GROUP CO LTD and Energy Monster leading the gains, Zhangmen Education and Yunji Inc leading the decline. Renren rose more than 200% for the whole year. The company recently released its latest financial report, showing that total net revenue in the first half of 2021 increased 91% compared with the same period last year, and the company sustained a net operating loss of 49.7 million US dollars in the first half of the year, completing the break-up of Kaixinqic.
Youke Lian rose more than 29%, POP CULTURE GROUP CO LTD rose more than 25%, Energy Monster rose more than 13%, Youxin rose more than 12%, Missfresh and Tarena International rose nearly 9%, NetEase, Inc youdao rose over 7%, Cheetah Mobile Inc rose over 6%, Ebang International Holdings Inc rose over 5%, Fang Holdings Limited American Depositary Shares rose nearly 5%, DouYu International Holdings Limited rose nearly 4%, XPeng Inc. rose nearly 3%, Sohu.com Ltd rose nearly 2%, HUYA Inc. and MINISO rose nearly 1%.
Zhangmen Education, UTIME LTD, Toubao fell by more than 12%, Leju Holdings by more than 9%, Yunji by more than 8%, RLX Technology Inc. by 36%, RLX Technology Inc. by more than 6%, Kaixin Auto by more than 4%, Alibaba and The9 Ltd by more than 3%. Bilibili, iQIYI, Inc., ZW Data Action Technologies, Wansheng fell nearly 3%, NIO Inc Automobile, Zhihu Inc. and Tuniu Corp fell more than 2%, Pinduoduo and NetEase, Inc fell nearly 2%. Baidu, Inc., Tencent, ADR and WiMi Hologram Cloud Inc fell by more than 1%.
Us stocks closed lower on Friday, with the Dow down 59.78, or 0.16%, at 36338.30; the Nasdaq was down 96.59, or 0.61%, at 15644.97; and the S & P 500 was down 12.55, or 0.26%, at 4766.18.
All three major stock indexes rose by more than 18% in 2021. The s & p 500 index rose 26.89%, recording its third consecutive year of gains. The Dow rose 18.73% in 2021, also the third year in a row. The Nasdaq rose 21.39% in 2021, the ninth annual increase in the past 10 years.
Led the rise in the list of Chinese stocks:
List of Chinese stocks leading the decline:
Hot spot information
NIO Inc. Automobile released 2022 car purchase subsidy plan: ET7 will start delivery in March next year.
NIO Inc. Motor now issues the 2022 car purchase subsidy program, and users who pay a deposit to purchase ES8, ES6 and EC6 before December 31, 2021, and pick up the car before March 31, 2022, can still enjoy the subsidy in accordance with the 2021 national subsidy standard, and the difference will be borne by NIO Inc..
It is reported that NIO Inc. 75kWh standard battery pack version of the model can enjoy personal subsidy of 11340 yuan, enterprise subsidy of 7938 yuan; 100kWh battery package version of the model subsidy of 12600 yuan, enterprises 8820 yuan.
NIO Inc. ET7 will start delivery on March 28, 2022. The price of the new car has already been announced, starting at 448000 yuan before ET7 subsidy, 378000 yuan before BaaS subsidy, 526000 yuan before subsidy for the initial version and 398000 yuan before BaaS subsidy.
Tencent took part in the latest round of financing of the British digital bank Monzo to buy a stake in the latter.
Tencent bought a stake in Monzo Bank Ltd, a British financial technology company valued at more than $4.5 billion, according to Sky News. Tencent's round of financing, led by the Abu Dhabi growth fund, raised a total of $600m in new funds, according to people familiar with the matter. Several digital banks, such as Monzo, which have been growing rapidly and have more than 5 million customers, are hoping to gain a foothold in the retail banking market dominated by big UK banks, and revenues have doubled this year.
Jeffery: give Zhihu Inc. a "buy" rating with a target price of $10.40
Jeffery, an investment bank, issued a research report saying it gave Zhihu Inc. a "buy" rating of $10. 40, with a target price of $10. 40.
Thomas Chong, an analyst at the bank, believes that Zhihu Inc. has developed into a "high-quality and trustworthy" online content community where users can share knowledge, experience and insights and find answers. Zhihu Inc. 's content-centric approach has had a viral effect on users, advertisers and content creators, the analyst said. He added that the company's profit strategy is content-centric and has a variety of business models.
Kaixinqic appoints Wu Liang as General Manager of New Energy Automobile Department
On December 31st, Kaixinqic (KXIN.US) announced the appointment of Wu Liang as general manager of the company's new energy automobile department.
Tarena International Inc announces a $2.5 million buyback plan
Tarena International Inc (TEDU.US) announced today that the board of directors has authorized a share buyback program under which the company can buy up to $2.5 million of shares over the next six months. Tarena International Inc will use the company's existing cash for the share buyback.
Liu Wei, Chairman of 360 DigiTech Inc, was appointed Chairman of Tianjin Jincheng Bank.
On December 31, the approval reply of Tianjin Banking and Insurance Supervision Bureau approved the qualification of Liu Wei as chairman of Tianjin Jincheng Bank.
According to Tianyan, Liu Wei is vice president of the Group and chairman of 360 DigiTech Inc Group. Liu Wei has served as the Investment Director of the Business Development Department of Fosun Group, the Investment Director of Shanda Network, and the General Manager of Ping an Innovation Fund of Ping an Group. He has many years of investment management experience.
China Yuchai International launches China's first hydrogen-powered engine for commercial vehicles
China Yuchai International (CYD.US) said his YCK05 hydrogen-powered engine had achieved stable ignition and operation at a recent demonstration at Beijing Institute of Technology.
The YCK05 engine is the first hydrogen engine to run in China's commercial vehicle market, the company said.
Mr. Weng Ming Hoh, president of Yuchai, China, commented: "with our progress in hydrogen engine development, we have developed into a domestic company with the largest engine technology portfolio, including traditional internal combustion engines, gas engines, hybrid engines and new energy technologies."
Huize Holding Limited announces the establishment of the Environment, Society and Governance (ESG) Committee
On December 31st, with the approval of the Board of Directors, Huize Holding Limited (HUIZ.US) today officially announced the establishment of the "Environment, Society and Governance Committee" (hereinafter referred to as the "ESG Committee") to promote the upgrading of the company's ESG governance system and enhance Huize Holding Limited's ability for sustainable development.
The ESG Committee is composed of the secretary of the board of directors and senior managers of key departments. Under the supervision of the board of directors, it is responsible for the overall planning of the company's ESG strategy, development goals and work plans, and the comprehensive identification and assessment of corporate ESG risks and impacts, and to provide sustainable development recommendations to the board of directors. At the same time, Huize Holding Limited will set up an ESG office and the corresponding implementation team to assist the ESG Committee in promoting and implementing specific work items to ensure the effectiveness and consistency of ESG management.
AMTD International H1 revenue increased by 35.6% over the same period last year, while profit and comprehensive income increased by 4.3% over the same period last year.
AMTD International (HKIB.US) released his semi-annual report for the year ended June 30, 2021. According to the data, the company's total H1 revenue was HK $723 million, compared with HK $534 million a year earlier, an increase of 35.6 per cent year-on-year.
Other operating expenses were HK $41.8 million, down 37.3 per cent from a year earlier, while financial expenses were HK $6.4 million, down 56.1 per cent from a year earlier.
Profits and consolidated income were HK $630 million, up 4.3 per cent from a year earlier. Earnings per share attributable to holders of common shares of the parent company were HK $2.31, compared with HK $2.39 in the same period last year.
As at June 30, 2021, the company's accounts receivable was HK $341 million, accounts payable was HK $246 million, and the gain or loss on financial assets at fair value was HK $1.5 billion.