Asian Equities Traded in the US as American Depositary Receipts Surge in Thursday Trading
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Is IQIYI, Inc. (NASDAQ:IQ) Trading At A 50% Discount?
US stock market movement | The self-produced anthology series "Wuyou Crossing" has become a hit, sparking a binge-watching craze. iQIYI (IQ.US) rose over 7%.
On Tuesday, iQIYI (IQ.US) increased by over 7%, closing at 1.76 dollars.
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Express News | Shares of Chinese Stocks After the Trump Administration Excluded a Range of Technology Products, Including Consumer Electronics From the 145% Reciprocal Tariffs Bucket. Additionally, Chinese Exports Grew in March
Express News | U.S.-listed Chinese stocks and ETFs surge in overnight trading.
The National Film Administration has stated that it will moderately reduce the import quantity of USA films, causing related US stocks to plummet.
① The National Film Bureau responded today to the USA's increased tariffs on China, stating that it will moderately reduce the number of American films imported. ② According to reporters from Caixin, cinema sources have indicated that there has been no notification of Hollywood films such as 'Thunder Force' being withdrawn from release. ③ Over the past three years, domestic films have dominated the annual box office.
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U.S. stock market close: The Nasdaq surged 12% in a single day, with six of the 'Big Seven' companies seeing double-digit gains.
① Tesla rose over 22%, NVIDIA increased by nearly 19%; ② PHLX Semiconductor Index rose about 19%; ③ Nasdaq Golden Dragon China Index rose by 4.5%; ④ Amazon launched the AI voice model Nova Sonic.
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Asian Equities Traded in the US as ADRs Ease in Wednesday Trading
U.S. stocks closed with an early rise followed by a drop, with the Nasdaq down over 2%. Apple and Tesla both fell nearly 5%.
① Nasdaq China Golden Dragon Index fell more than 5%; ② PHLX Semiconductor Index fell 3.57%; ③ Trump's administration promotes Coal project mining; ④ Canada's reciprocal tariffs on USA Autos will take effect.
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Zhejiang Talent Television and Film (300426.SZ): Kafei Film and Television signed a co-production agreement with iQIYI.
On April 7, Gelonghui reported that Zhejiang Talent Television and Film (300426.SZ) announced that its holding subsidiary, Shanghai Cafei Film and Television Culture Media Co., Ltd. (referred to as "Cafei Film and Television", "Party B"), recently signed a "Joint Production Agreement" for a contemporary drama series (referred to as "the series") with Peking iQIYI Technology Co., Ltd. (referred to as "iQIYI", "Party A"), agreeing to jointly produce the series with a total investment of no more than 0.245 billion yuan (including tax), which will be entirely borne by Party A.
P/E Ratio Insights for IQIYI
Express News | Shares of US-listed Chinese Companies Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs
U.S. stock market closes: all three major Indexes collectively rise as investors hold their breath waiting for Trump's tariffs.
① China Concept Stocks showed mixed performance, with the Nasdaq China Golden Dragon Index closing down 0.09%; ② Tesla closed up 5.31% after reports that Musk would leave the Department of Government Efficiency (DOGE) in the coming weeks; ③ Tesla's Q1 delivery volume plummeted to a two-and-a-half-year low; ④ The cloud of suspicion surrounding Trump's "cash-out" affected DJT's stock price.
U.S. stocks closed: Trump's reciprocal tariffs are about to take effect, and the stock index fluctuated like a roller coaster.
① Most China Concept Stocks rose, with the Nasdaq China Golden Dragon Index up 0.5%; ② The number of paid users for ChatGPT exceeded 20 million; ③ The head of AI research at Meta will be leaving; ④ Tesla's sales in Italy rebounded in March.
Exclusive | iQIYI's Senior Vice President He Yunpeng will resign and take on the role of Senior Business Consultant.
Sina Technology reported on the evening of April 1 that iQIYI's Senior Vice President He Yunpeng will leave the company in the near future. After He Yunpeng's departure, the related business of the gaming division will be overseen by Yang Xianghua, President of the iQIYI Film and Overseas Business Group. Regarding He Yunpeng's departure, iQIYI officially stated that due to personal study needs, Senior Vice President He Yunpeng will no longer continue in his current position and will transition to a Senior Business Consultant role to continue providing professional support for the gaming business. We thank He Yunpeng for his contributions to the development of iQIYI's gaming business. The related business will be managed by the iQIYI Film and Overseas Business Group.