At the US stock market opening, the Dow Jones Industrial Average fell 0.19%, the S&P 500 fell 0.15%, and the Nasdaq fell 0.14%. Pinduoduo (PDD.O) opened down 1.08%, after its second-quarter revenue exceeded expectations, sending its share price surging over 10% in pre-market trading. Popular Chinese concept stocks rose across the board, with NIO (NIO.N) up 5.46% and Alibaba (BABA.N) up 1.94%.

2025-08-25 21:32:49

Nio Pinduoduo Alibaba

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Weekly Highlights

                                    Jefferies: Raised Alibaba (BABA.N) price target from $150.00 to $165.00.
                            2025-09-01

                                    The statement showed that Alibaba and Bosch announced the deepening of their strategic partnership.
                            2025-09-02

                                    Challenger Gray, a US employment consulting firm, reports that pharmaceutical companies announced plans to lay off 19,112 employees in August, bringing the total to 22,433. This represents a 142% increase compared to the 9,254 layoffs reported in the same period last year. The industry is facing increasing competition from patent expirations and is refocusing on higher-margin products. Many companies are also implementing artificial intelligence, which is leading to restructuring and job losses.
                            2025-09-04

                                    NIO (NIO.N) had revenue of 19.01 billion yuan in Q2 2025, compared with 17.45 billion yuan in the same period last year.
                            2025-09-02

                                    According to CNBC: Apple (AAPL.O) CEO Tim Cook arrived at the White House.
                            2025-09-05