Bank of America: DeepSeek is the "Alibaba IPO moment" for the China stock market.
Bank of America stated that Alibaba's listing in 2014 propelled the rise of China's XINJINGJI Sector, attracting Global long-term capital Inflow. DeepSeek may become the current 'Alibaba IPO moment' for the Chinese stock market. The 'Holy Grail' of AI development in China does not necessarily have to be the 'best in class,' but should be 'good enough' to support large-scale AI applications in China, driving productivity growth and economic growth.
Express News | Most Chinese concept stocks rose against the trend, with Fangdd Network increasing by over 20%.
2024 Outlook for the performance of overseas Chinese-funded stocks: Insurance and Autos leading the way, with Technology and AI becoming new highlights.
① Under the catalyst of policies, the profitability growth of the Autos and home appliances Sector is significant, but external competition is intensifying. Can the profitability growth of these Sectors continue in the future? ② The Analyst from China International Capital Corporation predicts that the profit growth rate of overseas Chinese-funded stocks in 2024 will be higher than the market consensus. Is this optimistic expectation overly reliant on the performance of leading companies?
Hesai's Lidar Takes On Bigger Role In BYD's 'God's Eye' Advanced Driver Assistance
Fidelity increases its Shareholding in China Stocks, betting on the return of "animal spirits" and the AI craze.
Fidelity portfolio manager Taosha Wang stated that Fidelity International has increased its Shareholding in China Stocks and has given an overweight allocation. In addition to economic fundamentals and 'animal spirits,' exciting new AI tools like DeepSeek will also create opportunities.
The hedge fund mogul in the US has significantly increased shareholding in Chinese concept stocks, once boldly claiming to "buy everything China assets."
① The USA hedge fund mogul David Tepper's Appaloosa LP significantly increased its shareholding in Chinese concept stocks and China Stocks ETF in the fourth quarter of last year; ② Appaloosa's holdings of Alibaba shares rose by 18%, reaching 11.8 million shares; JD.com's Hold Positions increased from about 7.3 million shares to about 10.5 million shares; PDD Holdings' Hold Positions increased by approximately 0.055 million shares to 5.4 million shares.