Vipshop Holdings Limited Q1 net profit reached 980 million yuan, 30 consecutive quarters of profit; Bilibili Inc. plans to issue US $650 million convertible preferred notes; NIO Inc. rose nearly 10%, announced the first quarterly report today.

On Wednesday, US-listed Chinese stocks were mixed, deviating from the broader market.

Among the popular Chinese stocks:

Among the large-scale US-listed stocks:BABA fell 0.27%, JD.com 0.84%, Pinduoduo 7.04%, NetEase, Inc 2.39%, Baidu, Inc. 0.13%, TAL Education Group 2.34%, ZTO Express 5.78%, New Oriental Education & Technology Group 1.39%, Trip.com 0.81%, iQIYI, Inc. 0.38%, Bilibili Inc. 2.51%.

Other aspects of China-listed stocks，The larger decreases are as follows:Renren fell 15.91%, the financial account fell 11.13%, and Yunji Inc fell 10.51%.

The Chinese stocks that have risen a lot are36Kr Holdings rose 51.11%, LUCKN COFFEE DRC 21.60%, Weidai Ltd 16.39%, Mogu Inc 12.27%.

Focus review

• Ruixing soared 21% again, and its share price has doubled in two days.

$LUCKN COFFEE DRC (LK.US) $It closed up 53.24% on Tuesday, rose again after opening on Wednesday, and finally closed up 21% at $2.59, nearly double the close on Monday.

At present, LUCKN COFFEE DRC official has not yet responded to the changes in the stock price, and there is no update on LUCKN COFFEE DRC's related cases on the news. Industry analysts believe that Tuesday's surge may be caused by LUCKN COFFEE DRC's imminent delisting and short positions need to be closed. It is reported that when short sellers take profits, they need to buy stocks in the secondary market to close their positions, commonly known as "short covering", which sometimes leads to a rise in stock prices.

In addition, it is reported that Cofco, one of the three major light food suppliers previously announced by Ruixing, has ended its cooperation with Ruixing.

• Bilibili Inc. plans to issue $650 million convertible preferred notes

$Bilibili Inc. (BILI.US) $The company intends to issue convertible preferred notes with a total principal of $650 million due in 2027, depending on market conditions and other factors, the company said. The company plans to use the net proceeds from the issuance of notes for rich content issuance, research and development and other general corporate purposes.

• Vipshop Holdings Limited Q1 made a net profit of 980 million yuan, making profits for 30 consecutive quarters.

Discount retail e-commerce$Vipshop Holdings Limited (VIPS.US) $The financial report for the first quarter of 2020 was disclosed before the US stock market opened. According to the financial report, Vipshop Holdings Limited's net income in the first quarter reached 18.8 billion yuan, while GMV reached 28.9 billion yuan, while net profit reached 986.1 million yuan, an increase of 20.8 percent. At this point, Vipshop Holdings Limited has achieved 30 consecutive quarters of profits, "profit long-distance run" record is once again refreshed.

With the improvement of public health events and the recovery of the clothing retail market, and consumers' preference for Vipshop Holdings Limited's "good brand discount" special sale model after the public health incident, the market is still optimistic about Vipshop Holdings Limited's long-term development.

• 36Kr Holdings soared 51%, and its share price reached its highest level since the end of January.

$36Kr Holdings (KRKR.US) $It soared late Wednesday, closing up 51%.

The quarterly report released by 36Kr Holdings on the 26th showed that revenue was 65.2 million yuan, compared with 83.8 million yuan in the same period last year. By business, revenue from online advertising services was 21 million, down 39.5% from the same period last year. The revenue of enterprise value-added services was 42.8 million yuan, an increase of 3.4% over the same period last year. Revenue from subscription services was 1.3 million yuan, down 82.3% from the same period last year. Under non-general accounting standards, the net loss in the first quarter was 82.9 million yuan, compared with 12.4 million yuan in the same period last year.

• NIO Inc. rose nearly 10% and announced his quarterly report today.

$NIO Inc. (NIO.US) $The share price closed at $4.17, with a latest market capitalization of $4.639 billion. According to reports, JPMorgan Chase & Co raised the target price of NIO Inc. from $2 to $3.50 and his rating from "underweight" to "neutral". NIO Inc. will release his financial results before trading on May 28th.

• Pinduoduo plummeted 7%, erasing the increase after the first quarterly report.

After the release of the financial results last Friday$Pinduoduo (PDD.US) $It rose 14.5%, but the recent rally failed to continue, closing down 7% at $60.32 on Wednesday, with a latest market capitalization of $72.2 billion.