L'intérêt à découvert pour Baidu donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Baidu. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Baidu (NASDAQ:BIDU) Stock, Rapport sur les intérêts à découvert

Baidu

Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share

Baidu Inc

BAIDU ADS REP 8 CL A ORD

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The S&amp;P 500 and Dow Jones Industrial Average reached new <a href="https://www.benzinga.com/news/earnings/24/10/41298806/wall-street-marks-new-record-highs-on-strong-start-to-earnings-season-investors-downplay-inflation-">record highs this week</a>, boosted by a robust start to the third-quarter earnings season. The S&amp;P 500 and Nasdaq each gained 1.1%, while the Dow rose by 1.2%, marking the fifth consecutive week of gains for these major indexes. 
Despite a higher-than-expected inflation report for both consumers and producers in September, interest rate expectations largely stayed unchanged, with traders still anticipating a rate cut in November. 
Meanwhile, Chinese stocks posted their worst weekly performance of the year, as investor sentiment was dampened by the lack of expected stimulus measures, despite a strong rally in previous weeks.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
<a href="https://www.benzinga.com/markets/equities/24/10/41244462/palantirs-shyam-sankar-says-ai-is-experiential-and-if-you-pay-consultants-to-help-you-think-abou">&#8220;Palantir&#8217;s Shyam Sankar Says AI Is &#8216;Experiential,&#8217; And If You Pay Consultants To Help You Think About How To Deploy It, You&#8217;re Just Lighting Money On Fire,&#8221;</a> by <a href="https://www.benzinga.com/author/shanthi-rexaline">Shanthi Rexaline</a>, details how Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) CTO Shyam Sankar believes that companies must embrace hands-on AI implementation instead of relying on consultants, emphasizing the company&#8217;s ability to quickly turn AI prototypes into tangible business value.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41207040/dogecoin-killer-shiba-inu-up-39-over-the-past-30-days-but-that-will-accelerate-says-bullis">&#8220;&#8216;Dogecoin Killer&#8217; Shiba Inu Up 39% Over The Past 30 Days But That &#8216;Will Accelerate,&#8217; Says Bullish Trader&#8221;</a>, by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, reports that Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has surged 39% in the last month amid rising burn rates, with traders predicting further gains driven by bullish chart patterns and increased community activity.
<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41279473/josh-brown-flags-monster-call-buying-in-nvidia-up-to-190-strike-this-is-not-retail-money">&#8220;Josh Brown Flags &#8216;Monster&#8217; Call Buying In Nvidia Up To $190 Strike: &#8216;This Is Not Retail Money'&#8221;</a> by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, reports that Josh Brown highlighted significant call-buying in Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), suggesting institutional investors expect the stock to rise above $190 by March 2025, far above its current trading level around $135.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/equities/24/10/41265296/teslas-future-valuation-analyst-pierre-ferragu-unveils-scenarios-ranging-from-1-4-to-4-7-trillio">Tesla&#8217;s Future Valuation: Analyst Pierre Ferragu Unveils Scenarios Ranging From $1.4 To $4.7 Trillion Based On FSD, Robotaxi Success</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41214754/microstrategy-analyst-projects-64-upside-to-stock-based-on-bitcoin-acquisition-stra">MicroStrategy Analyst Projects 64% Upside To Stock Based On Bitcoin Acquisition Strategy</a>
<a href="https://www.benzinga.com/markets/cannabis/24/10/41233018/exclusive-ross-gerber-sees-tsunami-of-money-pouring-into-cannabis-companies-upon-federal-legaliz">EXCLUSIVE: Ross Gerber Sees &#8216;Tsunami Of Money&#8217; Pouring Into Cannabis Companies Upon Federal Legalization, Says Cannabis Is One Of &#8216;Biggest&#8217; Opportunities Beyond AI</a>
The Bears
<a href="https://www.benzinga.com/markets/equities/24/10/41244481/google-cries-foul-as-doj-moves-to-break-up-search-giant-calls-recommendations-radical-as-antitru">&#8220;Google Cries Foul As DOJ Moves To Break Up Search Giant, Calls Recommendations &#8216;Radical&#8217; As Antitrust Battle Intensifies,&#8221;</a> by <a href="https://www.benzinga.com/author/kaustubh-bagalkote">Kaustubh Bagalkote</a>, reports that Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) faces a potential breakup as the DOJ considers measures to curb its search dominance, which Google criticizes as extreme and potentially harmful to market competition.
<a href="https://www.benzinga.com/news/24/10/41223011/rivians-production-guidance-cut-spurred-by-miscommunication-with-atlanta-based-supplier-resulting-in">&#8220;Rivian&#8217;s Production Guidance Cut Spurred By Miscommunication With Atlanta-Based Supplier, Resulting In Shortage Of Critical Copper Windings For Its Motor: Report&#8221;</a>, by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, reveals that Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) lowered its annual production forecast by up to 18% after a miscommunication with Essex Furukawa led to a shortage of essential copper windings, impacting its EV output.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41227136/chinese-stocks-plunge-as-stimulus-hopes-fade-hong-kong-posts-worst-daily-decline-si">&#8220;Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008&#8221;</a>, by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, reports that Chinese stocks, including Alibaba Group Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), tumbled as investors reacted to the lack of aggressive fiscal stimulus, causing the Hang Seng Index to experience its steepest single-day drop since 2008.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41234873/amazon-stock-downgrade-by-wells-fargo-a-bearish-signal-on-growth-concerns">Amazon Stock Downgrade By Wells Fargo: A Bearish Signal On Growth Concerns</a>
<a href="https://www.benzinga.com/general/entertainment/24/10/41229099/disney-faces-150m-200m-blow-from-hurricane-milton-attendance-set-to-drop-6-says-goldman-sac">Disney Faces $150M-$200M Blow From Hurricane Milton, Attendance Set To Drop 6%, Says Goldman Sachs</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41278873/gary-gensler-doubts-cryptocurrency-future-says-leading-figures-are-either-in-jail-or-await">Gary Gensler Doubts Cryptocurrency Future, Says Leading Figures Are Either In Jail Or Awaiting Extradition</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
Image created using artificial intelligence via Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Long Ideas

News

Short Ideas

Trading Ideas

$SHIB

BABA

BIDU

GOOG

GOOGL

NVDA

PLTR

RIVN

Benzinga Bulls And Bears: Nvidia, Rivian, Alphabet, Palantir — And Crypto Trader Says Shiba Inu 'Will Accelerate'

General

BEKE

FUTU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TCOM

Shares of US-listed Chinese stocks are trading lower on continued weakness following recent stimulus concerns. China's Ministry of Finance is expected to hold a press briefing on Saturday.

A leading Wall Street analyst has unveiled a comprehensive analysis of Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) potential in the robotaxi market, presenting five distinct scenarios that could shape <a href="https://www.benzinga.com/general/24/10/41257117/teslas-robotaxi-event-could-investor-hopes-be-premature-analyst-predicts-mass-production-not-until-2">the electric vehicle maker&#8217;s future valuation</a>.
What Happened: Pierre Ferragu, lead analyst at New Street Research, released a presentation Wednesday. The report employs a decision-tree approach to map out possible outcomes for Tesla&#8217;s autonomous driving ambitions.
At the heart of Ferragu&#8217;s analysis is whether Tesla can achieve unsupervised full self-driving capability. This technological milestone serves as the primary branching point for the scenarios, each with dramatically different implications for Tesla&#8217;s market position and valuation by 2030.
The scenarios range from a baseline valuation of $1.4 trillion, assuming Tesla fails to launch a robotaxi service, to an optimistic projection of $4.7 trillion if the company dominates the robotaxi market with limited competition.
Tesla has current a market cap of $770.06 <a href="https://companiesmarketcap.com/tesla/marketcap/#:~:text=Market%20cap:%20$781.15%20Billion,much%20a%20company%20is%20worth.">billion</a>, according to CompaniesMarketCap.
Key decision points in Ferragu&#8217;s analysis include:
<ol>
<li>Does Tesla achieve unsupervised FSD?</li>
<li>Can unsupervised FSD operate a robotaxi?</li>
<li>Can Tesla&#8217;s robotaxi service scale out?</li>
<li>Can competitors reach scale?</li>
</ol>
The most conservative scenario envisions Tesla unable to launch a robotaxi service, with FSD improvements providing a modest 2 percentage point boost to margins. In contrast, the most bullish scenario predicts Tesla capturing over 80% of the robotaxi market without partnering with established ride-hailing companies.
Ferragu&#8217;s middle scenarios explore outcomes where Tesla partners with Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) to penetrate the human-driven fleet gradually, or where multiple robotaxi fleets compete, with Tesla securing a 50% market share.
The analysis highlights the critical importance of Tesla&#8217;s ability to scale its FSD technology into a &#8220;pure-play&#8221; nationwide robotaxi network. Success in this arena could potentially transform Tesla from primarily an automaker to a dominant force in autonomous transportation services.
Notably, even in scenarios where Tesla fails to achieve full robotaxi deployment, Ferragu projects significant growth. The baseline scenario still anticipates Tesla&#8217;s annual vehicle production increasing from 2 million units in 2023 to 7 million by 2030, with a corresponding rise in other revenue streams such as energy storage.
While the report presents a range of outcomes, it underscores the transformative potential of successful robotaxi deployment for Tesla&#8217;s business model and valuation. However, the analysis also acknowledges the technological and regulatory hurdles that must be overcome to realize the more optimistic scenarios.
Ferragu shared the same report on X, captioning it as &#8220;Framing the robotaxi opportunity.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> &#8211; FRAMING THE ROBOTAXI OPPORTUNITY Links below to download our research and to the Space we organize today today at 2:00 PM ET / 11:00 AM PT with Farzy &amp; Hans &#x1f447; <a href="https://t.co/eiKWp9No3f">pic.twitter.com/eiKWp9No3f</a>
&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1844007155218919823?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tesla is gearing up for its highly anticipated robotaxi event, <a href="https://www.benzinga.com/markets/equities/24/10/41244101/teslas-party-could-be-crashed-by-baidu-as-chinese-rival-considers-global-robotaxi-expansion">scheduled for Thursday</a>.
See Also: <a href="https://www.benzinga.com/news/24/10/41245477/trumps-teen-granddaughter-poses-with-cybertruck-for-homecoming-weekend-as-tesla-ceo-elon-musk-and-fo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Teen Granddaughter Poses With Cybertruck For Homecoming Weekend As Tesla CEO Elon Musk And Former President&#8217;s Ties Deepen</a>
Why It Matters: Tesla&#8217;s robotaxi ambitions have been a topic of considerable interest, particularly as the company prepares for its highly anticipated Robotaxi event. According to a recent analysis, <a href="https://www.benzinga.com/general/24/10/41257117/teslas-robotaxi-event-could-investor-hopes-be-premature-analyst-predicts-mass-production-not-until-2">some experts caution that mass production</a> of Tesla&#8217;s robotaxis may not occur until 2027, despite investor optimism.
Meanwhile, Ark Invest analyst Tasha Keeney suggests that Tesla&#8217;s robotaxi platform could account for a significant portion of the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41247281/teslas-robotaxi-platform-could-account-for-90-of-ev-giants-enterprise-value-over-th">company&#8217;s enterprise value in the coming years</a>. Keeney anticipates that Tesla&#8217;s autonomous ride-hailing platform could launch within the next year or two, following advancements in FSD technology.
Additionally, Tesla faces potential competition from Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), which is <a href="https://www.benzinga.com/markets/equities/24/10/41244101/teslas-party-could-be-crashed-by-baidu-as-chinese-rival-considers-global-robotaxi-expansion">reportedly considering expanding</a> its Apollo Go robotaxi service internationally. 
Elon Musk, CEO of Tesla, has previously stated that the company&#8217;s robotaxis <a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-">could offer point-to-point transportation</a> at a cost comparable to bus tickets, potentially revolutionizing public transport once fully operational.
In August, The Future Fund Managing Partner Gary Black voiced skepticism about <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40333845/gary-black-highlights-skepticism-over-teslas-autonomy-ambitions-amid-competition-fr">Tesla maintaining a monopoly</a> in the unsupervised L4/L5 autonomy market. He pointed out that other companies, such as Baidu Inc., Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Waymo have already received approval to deploy their autonomous vehicles.
Price Action: Tesla Inc. stock closed at $241.05 on Wednesday, down 1.41% for the day. In after-hours trading, the stock saw a slight uptick, rising 0.21%. Year to date, Tesla&#8217;s stock has declined by 2.97%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/news/24/10/41201568/mark-zuckerberg-redesigns-porsche-cayenne-turbo-gt-into-a-minivan-for-wife-priscilla-chan-gets-a-911?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Redesigns Porsche Cayenne Turbo GT Into A Minivan For Wife Priscilla Chan, Gets A 911 GT3 For Himself</a>
Tesla Robotaxi &#x7C; Photo Courtesy: Tesla
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

MBLY

TSLA

UBER

Tesla's Future Valuation: Analyst Pierre Ferragu Unveils Scenarios Ranging From $1.4 To $4.7 Trillion Based On FSD, Robotaxi Success

The Chinese market, which reopened on Tuesday after a weeklong public holiday, was pressured on Wednesday as domestic traders did not get the additional stimulus they had factored in. Come Thursday, things took a turn for the better as the People&#8217;s Bank of China announced measures to boost the stability of the domestic equity market.
What Happened: In a statement released on its website, the PBoC said it has decided to establish the &#8220;Securities, Funds and Insurance Companies Swap Facility,&#8221; or SFISF, to support qualified securities, funds and insurance companies to exchange bonds, stock exchange-traded funds and CSI 300 constituent stocks and other assets for high-grade liquid assets such as Treasury bonds and central bank bills from the central bank. 
The scale of operation during the first phase is 500 billion yuan ($70.7 billion) and this could be expanded further depending on the situation, the central bank said. Applications from qualified securities, funds and insurance companies will be accepted with immediate effect, it said.
The central bank clarified that the new measure is in order to implement the requirements of the Third Plenary Session of the 20th CPC Central Committee regarding &#8220;establishing a long-term mechanism to enhance the inherent stability of the capital market&#8221; and promote the healthy and stable development of the capital market.&#8221;
See Also: <a href="https://www.benzinga.com/money/best-chinese-stocks">Best Chinese Stocks</a>
Thursday&#8217;s announcement comes on top of the liquidity-boosting measures the central bank announced in late September regarding cutting the reserve requirement ratio, which is the amount of cash banks must hold as reserves, by 50 basis points freeing up about 1 trillion yuan for new lending.
The central bank hinted at the possibility of reducing it by a further 0.25-0.50% points. It also said it would lower the seven-day repo rate by 0.2 points, the interest rate on a medium-term lending facility by about 30 basis points and loan prime rates by 20-25 basis points.
Market Reacts: The Shanghai Composite Index &#8211; the key market gauge of mainland China, rallied strongly following the fresh stimulus. After opening at 3,277.69, modestly higher than the previous close of 3,258.86, the index gave back its gains in early trading and moved below the unchanged line.
Following PBoC&#8217;s announcement, the index recovered. At last check, it traded 2.92% higher at 3,353.91.
Hong Kong&#8217;s Hang Seng Index also rallied over 4%.
US-listed Stocks Rip Higher: U.S.-listed Chinese stocks listed in Hong Kong reflected the buoyancy and were sharply higher by mid-day on Thursday. Among the gainers are:
<ul>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) gained 4.28%.</li>
<li>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) jumped 9.50%.</li>
<li>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose 5.96%.</li>
<li>Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) added 6%.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) climbed 5.63%.</li>
<li>Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) moved up 1.98%.</li>
<li>Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) moved up 2.47%.</li>
</ul>
The iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) ended Wednesday&#8217;s session down 2.36% at $51.97, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">China Was Tipping Into A Japan-Style &#8216;Lost Decade&#8217; Of Deflation And Stagnation Before Late-September Stimulus Announcements, Says Legal Expert</a></li>
</ul>
Image via Shutterstock

Asia

MCHI

TCEHY

XPEV

Alibaba, JD.com, XPeng Soar In Hong Kong As PBOC's Fresh Stimulus To Boost Stock Market Sends Chinese Main Stock Market Gauge Up By 3%

China stocks are moving lower on Wednesday as investors moderate expectations for a swift Chinese economic recovery <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41227136/chinese-stocks-plunge-as-stimulus-hopes-fade-hong-kong-posts-worst-daily-decline-si">bolstered by stimulus measures</a>. 
What To Know: China markets had been on a tear in recent weeks after China introduced its most aggressive stimulus measures since the pandemic and vowed to deploy "necessary fiscal spending" to meet its economic growth target of 5%.
The rally was buoyed further after measures were announced to allow for the refinancing of mortgages, giving home buyers immediate benefits from lower interest rates, as China attempts to revive an economy that has battled deflationary pressures and growth headwinds due to property declines and wavering consumer confidence.
Following a week-long holiday break, mainland Chinese stocks popped as they resumed trading on Tuesday before the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41227136/chinese-stocks-plunge-as-stimulus-hopes-fade-hong-kong-posts-worst-daily-decline-si">stimulus-backed rally fizzled</a> and stocks finished the day sharply lower. Weakness has continued into Wednesday after a meeting of China&#8217;s National Development and Reform Commission offered no significant stimulus details, per Reuters. 
Economic planner chairman Zheng Shanjie reportedly told reporters that China remains &#8220;fully confident&#8221; it will reach its economic targets and will pull forward funds from next year&#8217;s budget to invest and support local governments.
Rong Ren, portfolio manager of Eastspring Investments in Singapore believes Zheng&#8217;s comments fell short of expectations. 
&#8220;Markets were hoping to obtain some guidance on the size of fiscal stimulus,&#8221; the portfolio manager said. &#8220;It is likely we see markets consolidating and digesting what has already been announced, which arguably is meaningful, but not quite enough to satiate lofty expectations.&#8221;
Check This Out: <a href="https://www.benzinga.com/markets/equities/24/10/41246126/ray-dalio-issues-stark-warning-as-investors-get-optimistic-about-china-again-theres-something-bi">Ray Dalio Issues Stark Warning As Investors Get Optimistic About China Again: &#8216;There&#8217;s Something Big Going On&#8230;&#8217;</a>
Hong Kong&#8217;s Hang Seng fell 1.38%, the Shanghai Composite dove 6.62% and the blue-chip CSI300 plunged 7.39% on Wednesday. The IShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) was down 2.33% and the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) was down 1.06%. 
U.S.-listed Chinese stocks were also facing selling pressure at the time of writing. Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares were down 1.86% at $107.63, Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) shares were down 1.87% at $104.10, JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) shares were down 2.22% at $42.58 and PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) shares were down 2.46% at $141.26. 
Some China-based EV names were also seeing weakness including NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), which was down 1.74% at $6.13, and Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), which was down 3.28% at $27.13 at last check.
Reuters reported that investor attention is now shifting to a news conference scheduled for Saturday with China&#8217;s finance ministry. The conference is expected to focus on fiscal stimulus to boost the economy. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/10/41223469/china-rallies-to-2-year-high-europe-slips-dollar-softens-global-markets-today-while-us-slept">China Rallies To 2-Year High, Europe Slips, Dollar Softens &#8211; Global Markets Today While US Slept</a></li>
</ul>
Photo: Shutterstock.

Global

Movers

KWEB

China Stock Rally Loses Steam As Investor Optimism Subsides: 'Not Quite Enough To Satiate Lofty Expectations'

Deep-pocketed investors have adopted a bullish approach towards Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BIDU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for Baidu. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 33% bearish. Among these notable options, 13 are puts, totaling $635,882, and 17 are calls, amounting to $1,256,485.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $140.0 for Baidu, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Baidu's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Baidu's significant trades, within a strike price range of $50.0 to $140.0, over the past month.
<h3>Baidu Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728481546_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.5</td>
<td>$11.3</td>
<td>$11.5</td>
<td>$100.00</td>
<td>$230.0K</td>
<td>3.1K</td>
<td>220</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$3.65</td>
<td>$3.6</td>
<td>$3.65</td>
<td>$120.00</td>
<td>$136.9K</td>
<td>3.2K</td>
<td>1.3K</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.65</td>
<td>$3.6</td>
<td>$3.65</td>
<td>$120.00</td>
<td>$107.6K</td>
<td>3.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$105.00</td>
<td>$103.8K</td>
<td>2.0K</td>
<td>1.5K</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.0</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$120.00</td>
<td>$85.8K</td>
<td>3.2K</td>
<td>308</td>
</tr>
</tbody>
</table>

<h3>About Baidu</h3>
Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
After a thorough review of the options trading surrounding Baidu, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Baidu</h3>
<ul>
<li>With a trading volume of 532,182, the price of BIDU is down by -3.35%, reaching $102.46.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 41 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Baidu</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $100.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from HSBC lowers its rating to Hold with a new price target of $100.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Baidu options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Baidu's Options Frenzy: What You Need to Know

Michael Burry, the investor renowned for his prescient bet against the housing market before the 2008 financial crisis, has seen his recent wager on <a href="https://www.benzinga.com/markets/asia/24/08/40386342/big-short-fame-michael-burry-bets-big-on-china-reveals-alibaba-as-top-holding-jd-com-and-baidu-also">Chinese stocks yield significant returns</a>. 
What Happened: Burry&#8217;s top three Chinese holdings have surged an average of 59.39% within two months, according to regulatory filings and market data.
Burry&#8217;s hedge fund, Scion Asset Management, made substantial changes to its portfolio in the second quarter of 2024. The fund&#8217;s latest 13F report, filed with the U.S. Securities and Exchange Commission on Aug. 14, revealed a notable shift toward Chinese tech giants.
Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Burry&#8217;s largest Chinese position with 155,000 shares, saw its stock price climb from $73.40 on the filing date to a peak of $117.52 on Monday — a 60.11% increase. The stock has since retreated to $91.94 amid a <a href="https://www.benzinga.com/markets/asia/24/10/41243227/chinese-stocks-plunge-as-hang-seng-drops-1-39-extending-volatile-streak-tech-giants-jd-com-alibaba-b">broader sell-off in Chinese equities</a>.
Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), in which Scion holds 75,000 shares, experienced a 36.29% surge from $83.99 to a Monday high of $114.47. It now trades at $106.01.
JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), representing Burry&#8217;s third-largest Chinese bet with 250,000 shares, skyrocketed 81.78% from $25.90 to $47.08 before settling at $43.54.
The impressive gains in these Chinese stocks stand in stark contrast to the performance of Burry&#8217;s American holdings. Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) has dropped 4.11% over the same period, while Shift4 Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) has risen a more modest 13.26%.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41246126/ray-dalio-issues-stark-warning-as-investors-get-optimistic-about-china-again-theres-something-bi">Ray Dalio Issues Stark Warning As Investors Get Optimistic About China Again: &#8216;There&#8217;s Something Big Going On&#8230;&#8217;</a>
Why It Matters: Burry&#8217;s pivot to Chinese equities came just before a significant rally in the sector, fueled by expectations of government stimulus. However, the rally faltered on Monday when Beijing&#8217;s announced <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41227136/chinese-stocks-plunge-as-stimulus-hopes-fade-hong-kong-posts-worst-daily-decline-si">measures fell short of market expectations</a>.
The investor&#8217;s other notable holdings include The RealReal Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>), Olaplex Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLPX#NASDAQ">OLPX</a>), and American Coastal Insurance Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>). BioAtla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAB#NASDAQ">BCAB</a>), a clinical-stage biopharmaceutical company, also represents a smaller position in the portfolio.
Earlier this year, Burry made headlines for substantial investments in gold and renewable energy while <a href="https://www.benzinga.com/markets/asia/24/05/38878116/big-short-investor-michael-burry-bets-heavy-on-gold-renewable-energy-stocks-exits-amazon-alphabet">exiting positions in major U.S. tech companies</a> like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
Investors should note that 13F reports, typically filed 45 days after each quarter&#8217;s end, only disclose holdings in U.S. equity securities and do not provide information on the timing of purchases or sales, <a href="https://www.sec.gov/divisions/investment/13ffaq">according</a> to the SEC. While these reports offer valuable insights into market trends and institutional strategies, they represent a snapshot of holdings at a specific point in time.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41247174/us-stocks-set-to-open-marginally-lower-nvidia-gains-traders-eye-fed-minutes-strategist-predicts-man">US Stocks Set To Open Marginally Lower, Nvidia Gains, Traders Eye Fed Minutes: Strategist Predicts Many More Years Of Gains Ahead Of Bull Market&#8217;s 2nd Anniversary</a></li>
</ul>
Michael Burry&#8217;s illustration was created using artificial intelligence.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ACIC

AMZN

BCAB

FOUR

OLPX

REAL

'Big Short' Investor Michael Burry's China Bet Pays Off As Top Picks Surge Nearly 60% In 2 Months

WIIM

HTHT

HUYA

NTES

TIGR

Shares of US-listed Chinese stocks are trading lower on continued weakness after Chinese planning officials reportedly fell short of investor stimulus expectations.

Renowned investor Ray Dalio, founder of Bridgewater Associates, has raised concerns about the complexities of investing in China amid the <a href="https://www.benzinga.com/markets/asia/24/10/41207547/dont-bet-on-chinas-economic-stimulus-yet-as-yuan-faces-volatility-amid-us-election-jobs-data-analyst">country&#8217;s shifting economic policies</a>.
What Happened: Speaking at the Greenwich Economic Forum, Dalio highlighted the challenges posed by Beijing&#8217;s changing stance on capitalism, which has led to significant structural changes in the Chinese economy, <a href="https://www.cnbc.com/2024/10/08/ray-dalio-china-investing-is-tricky-as-beijing-turns-less-favorable-to-capitalism.html">reported</a> CNBC.
"There's something big going on that they had a debt crisis and they also had a capitalism crisis. Are they … favorable to capitalism as we knew it before? I do not believe they are in the same way," Dalio said. 
Dalio pointed out that the Chinese government aims to maintain strict control over the economy, which has impacted investor sentiment. 
The recent enthusiasm for Chinese investments was <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41227136/chinese-stocks-plunge-as-stimulus-hopes-fade-hong-kong-posts-worst-daily-decline-si">tempered when officials did not announce specific stimulus</a> measures.
Despite expectations for economic revival through policy actions like interest rate cuts, the Chinese markets have seen reduced momentum. The CSI 300 index, which had previously surged over 10%, saw its gains <a href="https://www.benzinga.com/markets/asia/24/10/41243227/chinese-stocks-plunge-as-hang-seng-drops-1-39-extending-volatile-streak-tech-giants-jd-com-alibaba-b">shrink to 5% on Tuesday</a>.
Dalio advised investors to avoid focusing on daily market fluctuations. Meanwhile, hedge funds have been increasing their investments in Chinese stocks, anticipating further stimulus. David Tepper of Appaloosa Management expressed optimism, stating he is heavily investing in China due to recent government support. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41220350/tesla-traders-wild-bet-on-elon-musks-company-ends-in-a-306m-lawsuit-spiral?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Trader&#8217;s Wild Bet On Elon Musk&#8217;s Company Ends In A $306M Lawsuit Spiral</a>
Why It Matters: China&#8217;s economic landscape has been marked by volatility and rapid changes in recent months. A <a href="https://www.benzinga.com/markets/asia/24/10/41213691/fast-and-furious-rally-pushes-chinese-stocks-to-double-s-p-500-performance-year-to-date">dramatic rally</a> in Chinese equities occurred in early October, driven by aggressive monetary easing policies and government commitments to stabilize the property sector. 
This surge saw the MSCI China Index tracked by the iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) outperform other major global markets, doubling the year-to-date gains of the S&amp;P 500,&nbsp;as tracked by the&nbsp;SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
However, this optimism was short-lived, as Chinese stocks experienced a <a href="https://www.benzinga.com/markets/asia/24/10/41243227/chinese-stocks-plunge-as-hang-seng-drops-1-39-extending-volatile-streak-tech-giants-jd-com-alibaba-b">sharp selloff</a> on Wednesday, with the Hang Seng Index continuing a volatile trend across Asia-Pacific markets. The Hang Seng Index in Hong Kong dropped 1.39% to 20,635.11, following Tuesday's devastating 9.41% plunge — its worst single-day loss since the 2008 financial crisis.
Tech giants faced significant losses <a href="https://www.benzinga.com/markets/asia/24/10/41243227/chinese-stocks-plunge-as-hang-seng-drops-1-39-extending-volatile-streak-tech-giants-jd-com-alibaba-b">during the downturn on Wednesday</a>, with JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) plummeting 7.52% on the Hong Kong stock exchange. Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) followed with a decline of 2.75%, while Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) lost 1.65% on HKEX. Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) also experienced a downturn, declining by 1.32%.
Dalio&#8217;s insights come at a time when investors like Michael Burry have made <a href="https://www.benzinga.com/markets/asia/24/08/40386342/big-short-fame-michael-burry-bets-big-on-china-reveals-alibaba-as-top-holding-jd-com-and-baidu-also">significant bets on Chinese stocks</a>, as seen in his hedge fund&#8217;s latest portfolio shift. The evolving economic strategies in China, including potential &#8220;beautiful deleveraging,&#8221; as Dalio previously noted, continue to shape <a href="https://www.benzinga.com/markets/asia/24/10/41157439/ray-dalio-sees-potential-for-beautiful-deleveraging-in-xi-jinpings-economic-strategy-for-china">the investment landscape</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41201263/meta-stock-returns-pale-next-to-peter-thiels-secretive-data-company-even-as-mark-zuckerberg-comp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta Stock Returns Pale Next To Peter Thiel&#8217;s Secretive Data Company Even As Mark Zuckerberg Company&#8217;s AI Advancements Generate Excitement</a></li>
</ul>
Image via Wikimedia Commons
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

Ray Dalio Issues Stark Warning As Investors Get Optimistic About China Again: 'There's Something Big Going On...'

Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is reportedly considering expanding its robotaxi unit, Apollo Go, into international markets. This move comes as the company&#8217;s CFO, Rong Luo, transitions to a <a href="https://www.benzinga.com/news/24/10/41233309/why-baidu-stock-is-falling">new role within the company</a>.
What Happened: Baidu&#8217;s Apollo Go is in discussions with several companies to potentially expand its robotaxi services to global markets in the near future, <a href="https://www.cnbc.com/2024/10/09/baidus-robotaxi-unit-is-exploring-expansion-into-global-markets-in-the-near-future.html">reported</a> CNBC, citing a source familiar with the matter. The specifics of the expansion, such as the timing and regions, are yet to be disclosed.
Baidu did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Baidu is a significant player in the Chinese robotaxi market, with regulators in certain regions allowing commercial operations of self-driving taxis, a significant shift from previous regulations that only permitted internal testing.
Meanwhile, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is gearing up for its highly anticipated robotaxi event, scheduled for Thursday. In a separate move, WeRide, another Chinese robotaxi developer, recently announced a partnership with Uber to integrate its cars onto the ride-hailing giant&#8217;s platform in Abu Dhabi.
See Also: <a href="https://www.benzinga.com/news/24/10/41223011/rivians-production-guidance-cut-spurred-by-miscommunication-with-atlanta-based-supplier-resulting-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Rivian&#8217;s Production Guidance Cut Spurred By Miscommunication With Atlanta-Based Supplier, Resulting In Shortage Of Critical Copper Windings For Its Motor: Report</a>
Why It Matters: Baidu&#8217;s move to expand its robotaxi services internationally comes at a time when the company&#8217;s stock is facing challenges. During Tuesday's session, Baidu&#8217;s shares took a hit, dropping by 6.7% to $106.75, as Chinese planning officials reportedly <a href="https://www.benzinga.com/news/24/10/41233309/why-baidu-stock-is-falling">fell short of investor stimulus expectations</a>.
However, Baidu&#8217;s robotaxi unit has been making strides in its domestic market. In August, Goldman Sachs analyst Lincoln Kong noted that Baidu&#8217;s robotaxi unit was <a href="https://www.benzinga.com/news/24/08/40556758/baidus-robotaxi-has-been-getting-closer-to-scalable-adoption-with-unit-economics-breakeven-in-sight">getting closer to scalable adoption</a>, with unit economics breakeven in sight.
Despite Baidu&#8217;s progress, Tesla is still expected to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40573531/why-tesla-is-likely-to-dominate-robotaxi-market-despite-googles-waymo-and-baidu-hol">dominate the robotaxi market</a>, according to Ark Invest analyst Tasha Kenney.
Back in March, Baidu made headlines for launching China&#8217;s first 24/7 robotaxi service, a significant milestone for the company&#8217;s <a href="https://www.benzinga.com/markets/equities/24/03/37558713/whats-going-on-baidu-stock-after-launching-chinas-first-247-robotaxi-service">autonomous ride-hailing service platform Apollo Go</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41201829/tesla-dismisses-recent-recall-of-over-27k-cybertrucks-says-it-is-just-a-free-over-the-air-software-u?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Dismisses Recent Recall Of Over 27K Cybertrucks, Says It Is Just A Free Over-The-Air Software Update: &#8216;How Will Our Owners Ever Recover From This Ordeal&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Tesla's Party Could Be Crashed By Baidu As Chinese Rival Considers Global Robotaxi Expansion

Chinese stocks experienced a sharp selloff on Wednesday, continuing a volatile trend across Asia-Pacific markets. The Hang Seng Index (HSI) in Hong Kong dropped 1.39% to 20,635.11, following Tuesday&#8217;s devastating 9.41% plunge—its worst single-day <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41227136/chinese-stocks-plunge-as-stimulus-hopes-fade-hong-kong-posts-worst-daily-decline-si">loss since the 2008 financial crisis</a>.
What Happened: The mainland CSI 300 index also suffered, dropping 5.39%. This sharp reversal comes after weeks of robust performance that had positioned Chinese stocks among the top global performers year-to-date.
Tech giants bore the brunt of the downturn:
<ul>
<li>JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) plummeted 7.52% on the Hong Kong stock exchange. </li>
<li>Alibaba (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) fell 2.78%</li>
<li>Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) lost 1.65% on HKEX</li>
<li>Tencent (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) declined 1.32%</li>
</ul>
Analysts attribute the selloff to investors locking in profits and growing disappointment over the <a href="https://www.benzinga.com/markets/asia/24/10/41223117/alibaba-tencent-jd-com-and-baidu-slide-over-8-as-chinas-28b-stimulus-boost-misses-the-mark">lack of aggressive fiscal stimulus</a> from Beijing. 
The contrast was stark in Japan, where the Nikkei 225 climbed 0.6%, highlighting the divergent market sentiments across the region.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41242937/cathie-woods-ark-invest-trades-bets-14m-on-amazon-shares-dumps-robinhood-stock-worth-36m-embrace">Cathie Wood&#8217;s Ark Invest Trades: Bets $14M On Amazon Shares — Dumps Robinhood Stock Worth $36M, Embraces Coinbase And Meta</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Chinese Stocks Plunge As Hang Seng Drops 1.39%, Extending Volatile Streak — Tech Giants JD.com, Alibaba, Baidu Tread Red Waters

Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) shares are trading lower by 6.7% to $106.75 during Tuesday&#8217;s session. Shares of U.S.-listed Chinese stocks are trading lower after Chinese planning officials reportedly fell short of investor stimulus <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41227136/chinese-stocks-plunge-as-stimulus-hopes-fade-hong-kong-posts-worst-daily-decline-si">expectations</a>.
What&#8217;s Happening In China: The Hang Seng Index plunged over 9%—its worst single-day performance since 2008—as investors reacted to the lack of aggressive economic stimulus from Beijing, sparking fears of a prolonged slowdown in China&#8217;s economy.
Baidu, known for its dominance in internet search, artificial intelligence and autonomous driving technologies, has significant exposure to China's economic health.
The selloff was driven by a growing sense of disillusionment after China's National Development and Reform Commission (NDRC) failed to deliver the large-scale fiscal measures many had anticipated. Investors had been expecting sweeping initiatives to boost consumption, increase infrastructure spending, or issue new bonds to support economic growth.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41222716/as-florida-prepares-for-one-of-deadliest-hurricanes-here-are-some-potential-stock-winners-and-lo">As Florida Prepares For One Of Deadliest Hurricanes, Here Are Some Potential Stock Winners And Losers From Milton Threat</a>
Instead, the NDRC announced relatively modest measures, including a 100 billion yuan ($14.1 billion) budget for 2025 construction projects—far below what many hoped for. This muted response from Chinese authorities triggered a wave of profit-taking, as investors locked in gains following weeks of strong market performance.
Why It Matters: Baidu's stock, like many other major Chinese tech companies, was hit particularly hard by the selloff. As a tech leader with substantial investments in AI, cloud computing, and autonomous vehicles, Baidu is highly reliant on a healthy and growing Chinese economy to support its innovation-driven business model.
The company has been expanding its AI services, including Baidu Cloud and its autonomous driving platform Apollo, betting on long-term growth in China&#8217;s technology sector. However, without a robust fiscal boost, concerns have mounted over slower economic growth, which could reduce corporate spending on AI and cloud services, as well as consumer demand for autonomous driving technologies.
The broader selloff in Chinese tech stocks, including giants like Tencent and Alibaba, has added to the pressure on Baidu. These companies, like Baidu, are heavily owned by foreign investors, who are more likely to react swiftly to changes in market sentiment and economic forecasts.
The lack of stimulus from Beijing has raised doubts about the strength of the ongoing economic recovery, leading to a sharp decline in tech sector valuations.
Read Also: <a href="https://www.benzinga.com/news/24/10/41230411/short-seller-hindenburg-issues-report-on-roblox-accuses-company-of-misleading-metrics">Hindenburg Hits Roblox With Short Report, Accuses Gaming Platform of Misleading Investors By Inflating Metrics</a>
<h2 class="wp-block-heading">How To Buy BIDU Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Baidu&#8217;s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, BIDU has a 52-week high of $135.85 and a 52-week low of $79.68.

Why Baidu Stock Is Falling

After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more <a href="https://www.benzinga.com/markets/asia/24/10/41213691/fast-and-furious-rally-pushes-chinese-stocks-to-double-s-p-500-performance-year-to-date">than 9% on Tuesday. </a>
The massive drop marks the index&#8217;s worst single-day loss since October 2008, during the height of the global financial crisis.
In mainland China, the Shanghai Composite Index also faced intense volatility but managed to close 4.6% higher after fluctuating wildly throughout the day, following a holiday week. 
Investors, previously riding the rally, rushed to lock in profits, dampened by disappointment over the lack of aggressive fiscal stimulus announcements from Chinese officials.
<h3 class="wp-block-heading">Lack of Bold Stimulus Disappoints Investors</h3>
The sharp downturn was driven by growing disillusionment with Beijing&#8217;s latest policy measures, or rather, the absence of any major new stimulus. 
Hopes had been high that the National Development and Reform Commission (NDRC) would unveil bold fiscal support to bolster the economy, but no such plans materialized.
Zheng Shanjie, chairman of the NDRC, addressed the nation in a media briefing, reiterating that China is on track to achieve its 5% GDP growth target for the year.
However, while acknowledging the economy's challenges in the face of a &#8220;more complex and extreme&#8221; global environment, the only concrete measures announced were a front-loaded 100 billion yuan ($14.1 billion) budget from 2025 and another 100 billion yuan for construction projects. Investors had expected far more robust action, including trillions in new bond issuances and initiatives to stimulate consumption.
The muted response from Beijing rattled the markets. 
&#8220;While Chinese officials discussed hitting growth targets, they didn't address further stimulus measures. The markets want their lifeline!&#8221; wrote macroeconomist Ayesha Tariq, summarizing the frustration.
Goldman Sachs analyst Lisheng Wang highlighted that some investors had been expecting concrete stimulus measures ahead of the NDRC press conference, so the lack of any major announcements came as a letdown. 
&#8220;We believe any large stimulus package would require joint efforts from key ministries and significant fiscal resources,&#8221; Wang wrote, adding that major measures—such as a central government special bond issuance—could still be announced later in the year.
Goldman Sachs anticipates that China may approve an additional 1-2 trillion yuan in ultra-long-term government bonds by year-end to support debt swaps and maintain a fiscal easing stance in 2025.
Despite the initial disappointment, Goldman Sachs remains optimistic that further steps to boost domestic demand, stabilize inflation, and rebuild market confidence are still on the horizon.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/10/41222716/as-florida-prepares-for-one-of-deadliest-hurricanes-here-are-some-potential-stock-winners-and-lo">As Florida Prepares For One Of Deadliest Hurricanes, Here Are Some Potential Stock Winners And Losers From Milton Threat</a>
<h2 class="wp-block-heading">Market Reactions: Offshore Chinese Equities Tumble</h2>
Chinese stocks trading in offshore markets, such as those in Hong Kong and New York, were the hardest hit. 
These stocks are heavily owned by foreign investors, making them more sensitive to shifts in risk sentiment. The combination of profit-taking after weeks of gains and the lack of immediate fiscal stimulus sent these shares plummeting.
Shares of Chinese tech giants listed in Hong Kong—such as Tencent Holdings, Xiaomi, and electric vehicle maker BYD—fell more than 8%. Heavily indebted property developer Country Garden Services Holdings plummeted by 15%.
The selloff extended to U.S.-listed Chinese stocks during premarket trading on Tuesday, where major names tumbled sharply:
<ul>
<li>Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) -10.4%</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) -9.7%</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) -8.6%</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) -8.4%</li>
<li>NIO Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) -7.6%</li>
<li>JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) -7.6%</li>
<li>Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) -7.4%</li>
<li>NetEase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) -6.3%</li>
<li>Alibaba Group Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) -5.6%</li>
</ul>
Exchange-traded funds tracking Chinese equities also took a major hit:
<ul>
<li>iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) -10%</li>
<li>KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) -9.7%</li>
<li>iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) -8.3%</li>
</ul>
<h3 class="wp-block-heading">What Comes Next?</h3>
With investors eagerly awaiting further developments, the next few weeks will be critical for China&#8217;s stock markets. Analysts are watching closely for announcements from ad-hoc government meetings and the upcoming National People&#8217;s Congress standing committee session, where more concrete fiscal actions could be unveiled.
Another major global event impacting China markets will be the U.S. presidential election on Nov. 5.
Looking further ahead, early to mid-December will see another Politburo meeting, specifically on economic policies, followed by the Central Economic Work Conference in mid to late December, where China&#8217;s broader economic strategy for the next year could be laid out.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41218388/november-fed-rate-cut-in-jeopardy-12-reasons-veteran-trader-expects-a-hold-as-stron">November Fed Rate Cut In Jeopardy: 12 Reasons Veteran Trader Expects A Hold As Strong Data, Rising Oil Prices Shuffle The Deck</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Large Cap

Macro Economic Events

Specialty ETFs

Emerging Market ETFs

Econ #s

Economics

Tech

ETFs

Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008

U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Tuesday.
Shares of Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) fell sharply in today's <a href="https://www.benzinga.com/quote/BABA">pre-market trading</a>.
The Chinese government&#8217;s announcement of a 200 billion yuan ($28 billion) stimulus aimed at local investment projects fell short of market expectations, triggering a sharp sell-off in major tech stocks.
Alibaba Group shares dipped 6.6% to $109.78 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>ZJK Industrial Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJK#NASDAQ">ZJK</a>) shares dipped 23.5% to $5.20 in pre-market trading after gaining 35% on Monday.</li>
<li>LexinFintech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) shares declined 19.2% to $2.98.</li>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) shares fell 18.6% to $104.90 in pre-market trading.</li>
<li>Torrid Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) shares declined 18.2% to $2.60 in pre-market trading.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) shares declined 18.1% to $9.39 in pre-market trading after declining around 8% on Monday.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares fell 15.4% to $3.52 in pre-market trading after gaining around 7% on Monday.</li>
<li>BingEx Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLX#NASDAQ">FLX</a>) shares fell 15.2% to $13.99 in pre-market trading.</li>
<li>Weibo Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) shares fell 12% to $10.31 in pre-market trading.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) shares declined 10.6% to $27.28 in pre-market trading.</li>
<li>iQIYI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) shares fell 10% to $2.70 in pre-market trading.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares fell 9.4% to $6.15 in pre-market trading.</li>
<li>Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) shares fell 8% to $105.30 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41221716/dow-dips-around-400-points-as-treasury-yields-top-4-investor-optimism-declines-but-fear-index-remai">Dow Dips Around 400 Points As Treasury Yields Top 4%: Investor Optimism Declines, But Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

CURV

Alibaba, Baidu, Weibo And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

ATAT

ATHM

BGNE

BILI

DADA

New Oriental Education & Technology Group

GSX Techedu Inc. American Depositary Shares

GOTU

QFIN

VIPS

YUMC

ZLAB

Shares of US-listed Chinese stocks are trading lower after Chinese planning officials reportedly fell short of investor stimulus expectations.

The Chinese government's announcement of a 200 billion yuan ($28 billion) stimulus aimed at local investment projects fell short of market expectations, triggering a <a href="https://www.benzinga.com/markets/24/10/41207862/stimulus-fueled-china-stock-rally-set-to-fizzle">sharp sell-off in major tech stocks</a>.
What Happened: The National Development and Reform Commission (NDRC), China&#8217;s top planning agency, disclosed the allocation at a press conference on Tuesday, <a href="https://edition.cnn.com/2024/10/08/business/china-economy-ndrc-hnk-intl/index.html">reported</a> CNN. 
&#8220;We are confident in achieving the annual economic and social development goals and tasks, and in maintaining sustained, stable and healthy economic and social development,&#8221; said Zheng Shanjie, the commission&#8217;s chairman, according to the report.
China had set a 5% growth target in March. However, recent economic data has been concerning, raising fears that the target might not be met. The country&#8217;s economy is currently grappling with challenges such as a property crisis, weak consumer spending, and high youth unemployment.
To assist local governments dealing with significant debt burdens, Beijing will provide 100 billion yuan ($14 billion) from the central government&#8217;s budget, in addition to an extra 100 billion yuan for investment projects, Zheng stated.
Mainland China's CSI 300 surged over 10% at the open on Tuesday following its return from the Golden Week holiday, but the index pared back gains to close 5.93% higher at 4,256.1.
In Hong Kong, the Hang Seng Index initially plunged more than 10%, before moderating to a 9% loss by its final hour of trading.
Key Chinese tech stocks were hit hard:
<ul>
<li>Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) fell 8.93% in pre-market trading.</li>
<li>Tencent Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) dropped 8.32% to HK$ 438.60.</li>
<li>JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) saw a sharp decline of 11.32% in pre-market trading</li>
<li>Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) slipped 9.10% in pre-market trading.</li>
</ul>
See Also: <a href="https://www.benzinga.com/news/24/10/41208014/absolutely-impossible-for-china-to-become-taiwans-motherland-says-president-lai-ching-te-amid-rising?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Absolutely Impossible&#8217; For China To Become Taiwan&#8217;s &#8216;Motherland,&#8217; Says President Lai Ching Te Amid Rising Pressure From Team Xi Jinping</a>
Why It Matters: The Chinese economy has been facing significant challenges, with the government implementing various measures to stimulate growth. In a recent move, the People&#8217;s Bank of China <a href="https://www.bloomberg.com/news/articles/2024-09-24/china-cuts-bank-reserve-ratio-to-boost-economy-amid-property-woes">cut one of its main interest rates</a> and reduced the amount of cash banks are required to hold in reserve. 
The government also announced cash handouts to disadvantaged citizens and subsidies for recent graduates struggling to find employment.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41130855/whats-going-on-with-futu-holdings-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Futu Holdings&#8217; Stock?</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors

Alibaba, Tencent, JD.com And Baidu Slide Over 8% As China's $28B Stimulus Boost Misses The Mark

Baidu, Inc. ("Baidu" or the "Company") (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), a leading AI company with strong Internet foundation, today announced certain management rotation. Mr. Rong Luo will be serving as Executive Vice President&nbsp;in charge of the Baidu Mobile Ecosystem Group (MEG), and no longer serve as Chief Financial Officer, effective immediately. Concurrently, Mr. Junjie He has been appointed as the Interim Chief Financial Officer of the Company, transitioning from his current position as Senior Vice President and Head of the Baidu Mobile Ecosystem Group (MEG). This management rotation underscores Baidu's ongoing commitment to fostering executive leadership development, optimizing organizational structure and supporting Baidu's long-term growth objectives.
"On behalf of the board of directors and senior management, we are delighted to welcome Mr. Rong Luo to his new role as head of the Baidu Mobile Ecosystem Group, and we are confident that his leadership will continue to be instrumental in this position. We also extend our sincere appreciation to Mr. Luo for his significant contributions as our Chief Financial Officer over the past few years. In addition, we will have Mr. Junjie He join our management team with his new role as the Company's Interim CFO, and we believe his extensive experience in management, investment and finance will be invaluable in driving Baidu's strategic initiatives going forward," said Mr.&nbsp;Robin Yanhong Li, Baidu's co-founder and CEO.
Mr. Junjie He&nbsp;joined Baidu in June 2019 and has served as a Senior Vice President of the Company and the head of the Baidu Mobile Ecosystem Group (MEG) since May 2022. Prior to that, Mr.&nbsp;He oversaw Baidu's M&amp;A (Mergers&nbsp;&amp; Acquisition), SIM (Strategic Investment Management), SOM (Sales Operation and Management), and FP&amp;A (Financial Planning&nbsp;&amp; Analysis) departments. Prior to joining Baidu, Mr. He had rich work experience with investment firms including China International Capital Corporation (CICC), CITIC Private Equity and Warburg Pincus. Mr.&nbsp;He obtained his bachelor's degree from the Guanghua School of Management, Peking University in 2007.

Management

Baidu Named Baidu Mobile Ecosystem Group (MEG) Leader Junjie He as Interim CFO, Taking Over From Rong Luo Who Will Become EVP Of MEG

Chinese e-commerce juggernaut Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) maintained its stimulus-driven rally Monday.
As per SCMP, John Choi of&nbsp;Daiwa Securities&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/10/41188176/whats-going-on-with-chinese-stocks-alibaba-jd-nio-li-auto-xpeng-on-friday" rel="noreferrer noopener">expects e-commerce companies</a> to be the key beneficiaries of further stimulus measures, which were trading below their three- and five-year averages.
The rally reflects improved investor sentiment backed by Beijing&#8217;s stimulus measures and strong fund inflows into Chinese and Hong Kong equity markets, aiding the chip sector, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/chinese-semiconductor-stocks-extend-rally-on-chinas-stimulus-measures-c315c062?mod=tech_lead_story" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s 2-Nm Breakthrough Puts Taiwan a Decade Ahead of China&#8217;s Semiconductor Industry: Report</a>
China&#8217;s semiconductor sector has suffered since the pandemic erupted in 2020. The pandemic disrupted its supply chains and prompted the world to rethink its dependence on the Asian country for semiconductor chips for smartphones, cars, PCs, and other electronic gadgets.
The U.S. semiconductor sanctions on China further hampered its prospects. The embargo made it difficult for Chinese hyperscalars like Alibaba and peers to procure the sophisticated AI chips made by Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) for Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), impeding the country&#8217;s progress.
Other Chinese e-commerce stocks, including JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), are trading higher Monday in anticipation of higher stimulus as the country returns from the National Day holidays.
Chinese electric vehicle stocks, including&nbsp;NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>),&nbsp;Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>),&nbsp;XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and&nbsp;ZEEKR Intelligent Technology Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) also saw gains Monday. The AI chips are also integral to <a target="_blank" href="https://www.benzinga.com/government/24/09/40977069/alibaba-teams-up-with-nvidia-to-supercharge-evs-for-chinese-automakers-report" rel="noreferrer noopener">the EV industry</a>.
China could launch a fiscal stimulus of 1.5 trillion yuan-2 trillion yuan, equivalent to $212.8 billion-$283.7 billion,&nbsp;the Wall Street Journal cites UBS&nbsp;economists.
Investors can gain exposure to Alibaba, Baidu, and JD through the iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) and the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>).
Price Action: BABA stock is up by 2.27% to $117.12 in the premarket session at the last check on Monday. JD is up 1.23%, LI is up 4.32%, XPEV is up 2.89%
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41139084/nvidia-expands-ai-offerings-with-new-open-source-models-and-unreal-engine-5-plugins" target="_blank" rel="noreferrer noopener">Nvidia Expands AI Offerings with New Open-Source Models and Unreal Engine 5 Plugins</a></li>
</ul>
Photo by Oleg Elkov via Shutterstock

Government

Regulations

Emerging Markets

Media

What's Going On With US Listed Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Monday?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$165.00</td>
<td>$79.0K</td>
<td>4.8K</td>
<td>14.8K</td>
</tr>
<tr>
<td>RBLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$27.0K</td>
<td>19.4K</td>
<td>6.2K</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$75.00</td>
<td>$143.2K</td>
<td>5.5K</td>
<td>1.1K</td>
</tr>
<tr>
<td>BILI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$93.3K</td>
<td>76.9K</td>
<td>861</td>
</tr>
<tr>
<td>CNK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$22.00</td>
<td>$115.8K</td>
<td>28</td>
<td>579</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$165.00</td>
<td>$97.8K</td>
<td>3.4K</td>
<td>139</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$600.00</td>
<td>$54.6K</td>
<td>523</td>
<td>49</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$155.00</td>
<td>$48.3K</td>
<td>1.8K</td>
<td>43</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$430.00</td>
<td>$31.8K</td>
<td>319</td>
<td>22</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 434 contract(s) at a $165.00 strike. This particular put needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $79.0K, with a price of $183.0 per contract. There were 4810 open contracts at this strike prior to today, and today 14892 contract(s) were bought and sold. 
• Regarding RBLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), we observe a put option sweep with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 111 contract(s) at a $42.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $244.0 per contract. There were 19405 open contracts at this strike prior to today, and today 6245 contract(s) were bought and sold. 
• Regarding ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 501 contract(s) at a $75.00 strike. This particular call needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $143.2K, with a price of $282.0 per contract. There were 5526 open contracts at this strike prior to today, and today 1119 contract(s) were bought and sold. 
• For BILI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), we notice a call option sweep that happens to be bullish, expiring in 105 day(s) on January 17, 2025. This event was a transfer of 203 contract(s) at a $30.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $93.3K, with a price of $460.0 per contract. There were 76903 open contracts at this strike prior to today, and today 861 contract(s) were bought and sold. 
• For CNK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>), we notice a put option sweep that happens to be bullish, expiring in 469 day(s) on January 16, 2026. This event was a transfer of 579 contract(s) at a $22.00 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $115.8K, with a price of $200.0 per contract. There were 28 open contracts at this strike prior to today, and today 579 contract(s) were bought and sold. 
• Regarding GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we observe a call option trade with bearish sentiment. It expires in 168 day(s) on March 21, 2025. Parties traded 60 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $97.8K, with a price of $1630.0 per contract. There were 3413 open contracts at this strike prior to today, and today 139 contract(s) were bought and sold. 
• For META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we notice a call option trade that happens to be bearish, expiring in 140 day(s) on February 21, 2025. This event was a transfer of 10 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $54.6K, with a price of $5460.0 per contract. There were 523 open contracts at this strike prior to today, and today 49 contract(s) were bought and sold. 
• For BIDU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), we notice a call option trade that happens to be bearish, expiring in 469 day(s) on January 16, 2026. This event was a transfer of 43 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $48.3K, with a price of $1125.0 per contract. There were 1853 open contracts at this strike prior to today, and today 43 contract(s) were bought and sold. 
• For NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we notice a call option trade that happens to be bearish, expiring in 441 day(s) on December 19, 2025. This event was a transfer of 1 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $31895.0 per contract. There were 319 open contracts at this strike prior to today, and today 22 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

NFLX

RBLX

ROKU

9 Communication Services Stocks With Whale Alerts In Today's Session

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), the China tech industry barometer, is trading higher, marking its third week of gains as investors anticipate more upcoming stimulus, SCMP <a target="_blank" href="https://www.scmp.com/business/markets/article/3281013/hong-kong-stocks-resume-rally-alibaba-tencent-lead-tech-gainers" rel="noreferrer noopener">reports</a>.
Alibaba&#8217;s e-commerce rivals, including PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), saw gains on Friday.
In September, <a target="_blank" href="https://www.benzinga.com/government/24/10/41141541/whats-going-on-with-chinese-stocks-alibaba-nio-xpeng-li-auto-on-wednesday" rel="noreferrer noopener">China&#8217;s central bank</a> shared plans to slash banks&#8217; reserve requirement ratio (RRR) by 50 basis points or half a percentage point and reduce the seven-day reverse repurchase rate to 1.5% from 1.7% to spur domestic spending. Additionally, China agreed to let&nbsp;homeowners refinance mortgages.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41163890/alibaba-and-jd-com-battle-for-hong-kong-shoppers-stocks-slid-after-stimulus-rally" rel="noreferrer noopener">Alibaba and JD.com Battle for Hong Kong Shoppers, Stocks Slide After Stimulus Rally</a>
John Choi of Daiwa Securities told the SCMP that stocks are trading below their three- and five-year averages. He expects e-commerce companies to be the key beneficiaries of further stimulus measures.
China&#8217;s stimulus package on September 24 restored over $3 trillion in market value to Chinese stocks in Hong Kong, Shanghai, Shenzhen, and New York, SCMP cites Bloomberg data.
Alibaba stock gained 37% in the last 30 days. JD is up over 66%, Baidu 33% and PDD 65%.
The upcoming holiday shopping season also poses a tailwind for e-commerce stocks. Alibaba <a target="_blank" href="https://www.benzinga.com/news/24/09/41045187/alibaba-follows-amazon-and-walmart-pours-5-7b-into-holiday-sales-push" rel="noreferrer noopener">earmarked 40 billion yuan</a> ($5.7 billion) in resources for Taobao and Tmall to tap the&nbsp;Singles&#8217; Day&nbsp;shopping festival on November 11.
The beaten-down Chinese electric vehicle stocks, including NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and ZEEKR Intelligent Technology Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) also saw gains on Friday.
China has been battling a weak economy due to its export reliance and an aging population. The 2020 pandemic disrupted China&#8217;s semiconductor supply chains, triggering a crisis for semiconductor chips that go into smartphones, PCs, other electronic devices, and cars.
The intense domestic regulatory crackdown on the Chinese hyperscalars in the same year further added to the woes. The regulatory scrutiny cost Alibaba the initial public offering of its fintech affiliate Ant Group and severe ties with co-founder Jack Ma.
China&#8217;s property crisis posed an additional headwind. The real estate sector accounted for 25%-30% of the country&#8217;s GDP, Reuters reports. However, average home values tumbled from their 2021 highs after a regulatory crackdown on excessive debt among developers in 2020, leading to severe cash crunches, incomplete projects, defaults, and public protests by homebuyers.
China&#8217;s supply chain disruption prompted the U.S., Europe, and Japan to consolidate their semiconductor positions by ending their reliance on China.
China was the leading integrated circuit (IC) customer, accounting for 36% of U.S. semiconductor sales in 2022, according to <a target="_blank" href="https://www.citigroup.com/global/insights/who-s-winning-the-us-china-chip-war-" rel="noreferrer noopener">Citi</a>. The leading semiconductor market represented 31.4% of global final sales, or $180 billion out of $574 billion in 2022, according to Citi.
Additionally, the U.S. imposed semiconductor sanctions on China, citing national security reasons, cutting it off from advanced artificial intelligence chips and further restricting its growth prospects.
In August, China&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/08/40650893/alibaba-clears-3-year-regulatory-antitrust-scrutiny-stock-gains" rel="noreferrer noopener">signaled an end</a> to its regulatory crackdown on hyperscalars like Alibaba. The regulator fined Alibaba $2.8 billion in 2021, which amounted to 4% of the e-commerce juggernaut&#8217;s 2019 revenue.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor&#8217;s 2-Nm Breakthrough Puts Taiwan a Decade Ahead of China&#8217;s Semiconductor Industry: Report</a></li>
</ul>
Photo by Eric Prouzet on Unsplash

What's Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday?

Chinese tech giant Baidu ($BIDU) has registered a sharp rally recently, rising 38% from last month's lows. This rally has been mainly powered by Ch...

Up 38% From Recent Lows, Baidu Stock (BIDU) Remains Attractive

Baidu announces management changes

Baidu has global plans for its robotaxi fleet

Baidu slips as CFO shuffle might weaken position: Bernstein

Tesla, Inc. ($TSLA), the leading EV maker in the United States, is scheduled to debut its highly anticipated robotaxi on October 10 at a special ev...

Tesla's (TSLA) Robotaxi Launch Comes with Opportunities and Risks

Baidu's ($BIDU) robotaxi unit, Apollo Go, could be planning to expand into international markets in the "near future," according to a CNBC report. ...

Baidu's (NASDAQ:BIDU) Robotaxi Unit Eyes International Expansion

'The Big Short' Michael Burry Buys Real Estate And Chinese Tech

Executive reshuffles: QCOM, BIDU and STLA Companies in focus

The US has tried to sanction the country into irreparable hardship. But China moves along regardless.

Is Investing In China Like Investing In The U.S. Circa 1950s?

Alibaba: Ant Group's IPO 2.0 Is Progressing, Being A Hidden Catalyst

BAIDF

BYDDF

JDCMF

LSCC

MTCH

QCOM

SPHR

STLA

Small Cap

Opinion

Press Releases

How Businesses Are Adapting to the Rapid Expansion of Artificial Intelligence

Baidu to Hold Annual General Meeting on June 26, 2024

Earnings

Baidu Announces First Quarter 2024 Results

Baidu Introduces AI and Agent-Driven Innovations at Annual Mobile Ecosystem Event to Transform Mobile Experience

Private Sector Pushes Forward Amid US-China AI Regulation Disputes

Baidu to Report Second Quarter 2024 Financial Results on Aug 22, 2024

Contracts

Baidu Selects Hesai as Exclusive Long-Range Lidar Provider for Next-Generation Robotaxis

Baidu Announces Second Quarter 2024 Results

Baidu Announces Management Rotation

AVAI

CRWD

CSE:SCPE

HSAI

PEGA

SCPCF

SNOW

Autohome Inc. American Depositary Shares, each representing four class A ordinary shares.

Comments

Baidu

Intérêt court

Baidu (NASDAQ:BIDU) Stock, Rapport sur les intérêts à découvert

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL