Chinese Stocks Surge: IQIYI and Kingsoft Cloud Lead Gains

Jan 24, 2025

The Nasdaq Golden Dragon China Index experienced a significant rise, climbing over 2%. This surge was driven by strong performances from several Chinese stocks. IQIYI (IQ, Financial) led the charge with an impressive 14% increase, while Kingsoft Cloud (KC) saw a nearly 13% rise. Additionally, GDS Holdings (GDS) reported gains exceeding 9%.

Other notable performers included JD.com (JD), KE Holdings (BEKE), NetEase (NTES), Pinduoduo (PDD), NIO (NIO), and MINISO Group, all of which posted increases of more than 2%.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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