Chinese Stocks Surge: Kingsoft Cloud and Alibaba Lead Gains

Feb 10, 2025

The Chinese stock market saw a positive start, with the Chinese Concept Stock Index rising by 1.9%. Leading the charge, Kingsoft Cloud (KC) experienced a significant increase of approximately 6%. Alibaba (BABA, Financial) also posted a notable gain of 3.6%, while Li Auto (LI) climbed over 3%. Additionally, NetEase (NTES) advanced by more than 2%.

In the realm of exchange-traded funds (ETFs), the Chinese Concept ETF YINN surged by 5.8%, and the ETF CQQQ rose by over 2%.

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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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