China listed stock

• Tencent Music rose more than 9% before the trading, and it was said that the selected bank would arrange a listing in Hong Kong.

Tencent Music rose more than 13% before trading, the latest rise of 9%, shares at $27.57.

Earlier, media reported that Tencent Music is reported to have selected banks to arrange a listing in Hong Kong, raising up to $5 billion and listing as soon as 2021.

• It rose by more than 48% in front of the polar disc, and the company announced that it had reached a cooperation with Kuaishou Technology.

Mobile developer service provider Polar CD surged 48.24% to $5.9.

Aurora Mobile Limited announced a partnership with Kuaishou Technology (01024.HK), China's leading short video content community and social platform, in the field of advertising commercialization. With powerful artificial intelligence and big data analysis technology, Aurora Mobile Limited's advertising SaaS service will help Kuaishou Technology to accurately target potential customers for brands and effective advertisers, effectively improve advertising conversion rate, save cost, and achieve win-win results between the platform and advertisers.

• Other pre-market changes in Chinese stocks
  

LAIX Inc. rose nearly 150%, Cheetah Mobile Inc rose more than 50%, 36 krypton rose more than 39%, and LIZHI INC rose more than 30%.

On the news side, in early January 2021, an employee inside LAIX Inc. said on the social media "pulse" that the company was being "optimized" and the optimized person could receive a double salary of Ninten1 + as well as compensation paid by social security for one month. Another employee said the company had 2900 people in 2020, but only 1500 were left after optimization.

Earlier, LIZHI INC announced that he had reached a cooperation agreement with Pop Mart International.

Active US stocks before the day

• The net profit of PINS rose over 11% before trading, and the net profit exceeded 200 million US dollars, turning a loss into a profit compared with the same period last year.

Pinterest, the photo social platform, rose more than 11% to $86.97 in early trading. According to Pinterest's financial reports for the fourth quarter and fiscal year 2020. Fourth-quarter revenue rose 76 per cent year-on-year to $706 million, exceeding market expectations of $646 million, and fourth-quarter net profit was $207.8 million, up from a loss of $35.71 million in the same period last year.

Pinterest's full-year 2020 revenue rose 48 per cent year-on-year to $1.692 billion, compared with $1.142 billion in the same period last year. Full-year net profit was a loss of $128 million, compared with a loss of $1.361 billion in the same period last year, down 91 per cent from a year earlier.

• Activision Blizzard rose more than 6% before trading, with revenue up 21.5% in the fourth quarter compared with the same period last year.
  

Activision Blizzard rose 6.06% to $98.3. The company's revenue in the fourth quarter of 2020 was $2.413 billion, up 21.5% from a year earlier. Fourth-quarter net profit was $508 million, down 3 per cent from a year earlier. Diluted earnings per share were $0.65, down 4% from a year earlier.

Activision Blizzard's full-year revenue in 2020 was $8.086 billion, up 24.6 per cent from a year earlier; net profit was $2.197 billion, up 46 per cent; and diluted earnings per share were $2.82, up 44.6 per cent from a year earlier. Activision Blizzard had 397 million monthly active users (MAU) in the quarter ended December 31, 2020.

Activision Blizzard expects full-year revenue of $8.225 billion in 2021 and earnings of $2.83 per share. Revenue for the first quarter of 20212 is expected to be $2.015 billion, or earnings per share of $0.59.