From January to March 2026, 13,987 new foreign-invested enterprises were established across China, representing a YoY increase of 11%, according to data from China's Ministry of Commerce (MOC). Actual foreign direct investment (FDI) utilized amounted to RMB249.6 billion, down 7.3% YoY.

By sector, actual FDI utilized in the manufacturing sector was RMB71.46 billion, while that in the services industry reached RMB174.6 billion.
~


AASTOCKS Financial News
Website: www.aastocks.com

Alibaba Cloud announced that, with effect from 10:00 am next Thursday (30th), the monthly quota for new purchases of Qoder Teams will be increased to 3,000 Credits per seat, with pricing adjusted to RMB300 per seat per month.
~

AASTOCKS Financial News
Website: www.aastocks.com

EOPTOLINK (300502.SZ) selected CITIC Securities and JP Morgan to advance its Hong Kong listing plan, with expected fundraising of approximately USD3 billion, Bloomberg reported, quoting people with the knowledge of the matter.

Over the past year, EOPTOLINK has seen its share price in Shenzhen proliferate, bringing its market cap to USD78 billion. The company focuses on the R&D, production and sale of various high-performance optical modules and optical components.

Buyers of optical modules include top-notch global technology companies such as Alphabet (GOOGL.US) and Amazon (AMZN.US), as data centers require optical modules to connect advanced chips within AI computing clusters.
~

AASTOCKS Financial News
Website: www.aastocks.com

DeepSeek released the DeepSeek-V4 preview version today (24th), which supports a context length of up to one million tokens.

Meanwhile, Tencent Cloud announced the simultaneous launch on the TokenHub, offering DeepSeek-V4 preview API services, with external pricing aligned with DeepSeek's official rates. The service has also been launched on the Singapore node of Tencent Cloud's international site for global users.
~



AAStocks Financial News
Web Site: www.aastocks.com

TAL Education Group (TAL.US) announced its results for 4QFY26 and FY26. For 4FQ, net revenue grew 31.5% YoY to USD802 million, beating market expectations of USD784 million. Non-GAAP diluted EPS per ADS was USD0.45, also above the market consensus of USD0.15.

Operating profit for 4FQ was USD72.473 million, compared with an operating loss of USD16.015 million in the same period last year. Gross margin improved to 53.2% from 52% a year earlier. Net profit attributable to TAL was USD245 million, versus a net loss of USD7.311 million in the prior-year period. Non-GAAP net profit was USD255 million, compared with USD7.012 million a year ago. Basic and diluted net profit per ADS were both USD0.44.

The stock closed down 9.3% overnight (23rd) at USD10.91.
~

AASTOCKS Financial News
Website: www.aastocks.com

Nomura reported that for its fourth fiscal quarter ended March, profit elevated 2.7% YoY to JPY73.9 billion (approximately USD463 million), missing market expectations of JPY98.9 billion. Full-year profit hiked 6% to JPY362.1 billion (approximately USD2.3 billion), marking a record high.
~

AASTOCKS Financial News
Website: www.aastocks.com

While there are some investment opportunities in emerging market equities, the theme for buying emerging market stocks lies in investment risk diversification and negative correlation with the USD, Morgan Stanley said.

Other assets can also provide similar advantages and offer a higher Sharpe Ratio. Therefore, the broker believed that emerging market equities have not yet entered a new long-term bull market.

Emerging market countries lack a clear development outlook comparable to that of Japan, with relatively high valuations, cyclical earnings and geopolitical risks, Morgan Stanley added.
~

AASTOCKS Financial News
Website: www.aastocks.com

Tmall, an e-commerce platform under BABA-W (09988.HK), announced the initiation of a RMB10 billion car subsidy program. On top of existing brand discounts, this program offers a three-tier subsidy package, namely subsidies on the final new car purchase price, exclusive channel purchase benefits, and customized model configuration upgrades.
~



AAStocks Financial News
Web Site: www.aastocks.com

At the Auto China in Beijing today (24th), He Xiaopeng, Chairman and CEO of XPENG-W (09868.HK), said that XPENG-W began delivering vehicles in 2019.

Robots are expected to enter mass production by the end of 2026 and commence full-year commercial sales in 2027, with initial performance projected to far exceed that of XPeng Motors in 2019. Starting next year, a small number of robots that can genuinely assist daily life will achieve mass production.

He revealed that XPENG-W's first entry track in the robotics field is to make sales easier. For example, in store scenarios, 10% of sales work will be handled by robots starting next year as robots will introduce XPENG-W's product highlights to customers, hand over to human staff when a test drive is required, and transfer to professionals when customers are ready to make a purchase.
~



AASTOCKS Financial News
Website: www.aastocks.com

In 1Q26, smartphone shipments in China totaled around 69.01 million units, down 3.3% YoY, according to the latest quarterly report released by International Data Corporation (IDC).

Shored by Huawei and Apple phones, the overall market performance for the quarter was slightly above expectations. Huawei ranked first with shipments of 13.7 million units, accounting for a market share of 19.8%, while Apple's shipments reached 13.1 million units, representing a market share of 18.9%.
~



AAStocks Financial News
Web Site: www.aastocks.com

The 2026 Beijing Auto Show opened today (24th). William Li, Founder, Chairman and CEO of NIO-SW (09866.HK), revealed that following the technology launch of the all-new ES9 on April 9, the company has introduced four new ES9 display vehicles to the show today. They are anticipated to officially launch and begin delivery acceptance in late May.

Li stated that before formal delivery, the company will conduct a real-world test by driving the ES9 to undertake a 10,000-kilometer shortest-time challenge, with arrival expected on May 10.
~

AASTOCKS Financial News
Website: www.aastocks.com

Oil production in the Gulf region would recover relatively quickly if the Strait of Hormuz reopens, Goldman Sachs wrote in a report. That said, tanker transportation constraints, well damage, and country-specific risks could drastically delay a full return to pre-war production levels.

In Goldman Sachs' estimation, Gulf oil output will recover about 70% of lost production within three months after the strait reopens, and it will take another three months to reach around 88% of lost production.
~



AAStocks Financial News
Web Site: www.aastocks.com

Ant Bailing officially launched its trillion-parameter integrated flagship model, Ling-2.6-1T, designed for real-time task execution.

Harnessing an innovative Hybrid architecture that combines MLA and LinearAttention, the model abandons complex "slow thinking" processes and adopts a "fast thinking" mechanism to achieve highly efficient inference.
~

AASTOCKS Financial News
Website: www.aastocks.com

GE Vernova (GEV.US) recorded 21GW of gas power equipment orders and reserved capacity in 1Q26, Citi Research issued a research report saying. Its equipment backlog and reserved capacity have increased from 83GW in 4Q25 to 100GW.

The broker believed that this reflects robust global demand for gas turbines, and sends a positive signal for DONGFANG ELEC (01072.HK)'s potential overseas gas turbine sales.

Citi Research raised its 2026 outlook for GE Vernova, expecting revenue to be US$44.5-45.5 billion, and lifted its adjusted EBITDA margin forecast to 12-14%.

Therefore, the broker kept rating at Buy on DONGFANG ELEC, with a target price of $54, based on a projected 2026 PB ratio of 3.2x.

HARBIN ELECTRIC (01133.HK) has limited potential catalysts, Citi Research added. According to management, HARBIN ELECTRIC is not currently in negotiations with overseas customers regarding potential gas turbine sales.
~


AASTOCKS Financial News
Website: www.aastocks.com

Citi Research published a research report expecting BILIBILI-W (09626.HK)'s 1Q26 revenue to hike 7% YoY to RMB7.5 billion, with a non-GAAP operating profit of RMB553 million, broadly in line with market consensus.

Of which, advertising revenue is projected to grow 26% YoY, with further upside potential, benefiting from continued expansion of advertising scenarios, AI-driven efficiency improvements and growth in user spending power. However, the game business faced a high base, and is expected to remain weak as anticipated, with revenue declining 11% YoY.

Therefore, Citi Research kept its target price/ rating at US$27/ Buy on Bilibili (BILI.US), citing confidence that its strong advertising growth momentum will drive future profit incline.
~

AASTOCKS Financial News
Website: www.aastocks.com

KUAISHOU-W (01024.HK)'s large model Kling AI introduced a native 4K direct output function in its Video 3.0 model series, supporting one-click generation of cinema-grade quality videos. It is the first video model in the industry to enable native 4K direct output.

The function targets professional video industry clients such as film, television and advertising, allowing direct output of high-resolution visuals without the need for complex post-production processing, thereby delivering film industry-grade visual effects.
~

AASTOCKS Financial News
Website: www.aastocks.com

Regarding yesterday's (23rd) hefty sell-off among Chinese biotech and pharmaceutical stocks, JPMorgan said in its report that it seemed to have been sparked by profit-taking decisions as a result of position adjustments rather than any fundamental deterioration.

JPMorgan considered this pullback as a good entry opportunity to build positions in China's healthcare sector ahead of the next wave of catalyst-driven upside. The broker preferred the biotech and CXO (clinical trial service providers) sub-sectors, with INNOVENT BIO (01801.HK), SKB BIO (06990.HK), WUXI APPTEC (02359.HK), and WUXI XDC (02268.HK) as its top picks.
~



AAStocks Financial News
Web Site: www.aastocks.com

Goldman Sachs released a research report on TENCENT (00700.HK), which launched the open-source Hy3 preview language model, marking the first concrete outcome following the group's AI strategy revamp.

The model's metrics and its focus on agent capabilities are largely in line. The model was developed under the leadership of Chief AI Scientist Yao Shunyu (former OpenAI researcher), with 295 billion parameters (21 billion activated parameters). Compared with peers, it is smaller in scale and emphasizes practicality, agent functions, complex reasoning and coding capabilities.

The broker maintained its Buy rating on TENCENT, with a TP of HKD700. Despite a deceleration in full-year profit growth this year, the broker continued to forecast that the company's adjusted operating profit will grow by 10% YoY in 1Q26 and by 8% YoY for FY26.
~

AASTOCKS Financial News
Website: www.aastocks.com

At the Beijing Auto Show today (24th), XPENG-W (09868.HK) presented three major physical AI carriers: AI vehicles, flying cars, and AI robots.

According to the introduction, the flying car "Land Aircraft Carrier" has already received 7,000 orders and is expected to enter mass production this year. The humanoid robot IRON is also on display. Likewise, its mass production is expected within this year.
~



AAStocks Financial News
Web Site: www.aastocks.com

PATEO (02889.HK) announced that it has entered into a series of in-depth partnerships with NVIDIA (NVDA.US) and a leading NEV OEM.

Spurred by the news, PATEO's stock price opened 14.86% higher today (24th). With gains once exceeding 23%, it peaked at HKD198.9. It last posted at HKD179.7, up 11.27%, with turnover of 648,200 shares, involving HKD122 million.

PATEO announced that the series of in-depth collaborations include the company receiving a designation notice for a new-generation intelligent vehicle model from a leading NEV OEM, as well as configuration solutions for NVIDIA's accelerated computing platform.

The cooperation involves deploying AI BOX based on the NVIDIA DRIVE AGX Thor accelerated computing platform, providing high-performance computing power support for on-vehicle deployment of next-generation AI foundation models.
~

AASTOCKS Financial News
Website: www.aastocks.com