U.S. stocks closed lower on Wednesday as the Federal Reserve left interest rates unchanged and hinted that the central bank would stick to its current easing policy and bond-buying program for some time despite an improving economy and rising inflation. The Dow is down 0.48%, the Nasdaq is down 0.28%, and the S & P 500 is down 0.08%.

China-listed stocks closed mixed on Wednesday, with a total of 19 stocks rising and 22 falling in the Fortune hot China-listed sector.

The specific performances of China-listed stocks are as follows:

Among the popular Chinese stocks:Pinduoduo is up 1.63%, JD.com is up 0.76%, Bilibili Inc. is up 0.4%, BABA is up 0.34%, XPeng Inc. is up 0.32%, NIO Inc. is down 0.05%, Baidu, Inc. is down 0.26%, TSMC is down 1.33%, KE Holdings Inc is down 2.02% and Li Auto is down 2.28%.

The larger increases are as follows:Qkl Stores rose 54.93%, Uxin Ltd. 45.32%, Lentuo International Inc 31.87%, Aurora Mobile Limited 19.6%, still 17.67%.

The larger decreases are as follows:Mingyuntang fell by 37.5%, Yatsen by 9.33%, Farmmi Inc by 9.27%, Jiayin Group Inc by 8.67% and SGOCO Group Ltd by 7.14%.

Focus review

• NIO Inc. will push the lithium iron phosphate battery pack, which is scheduled to be released in the fourth quarter of this year.

$NIO Inc. (NIO.US) $The existing 70 degree (kWh) battery pack will be upgraded, and the new battery pack uses lithium iron phosphate battery, which is expected to have a battery capacity of more than 75 degrees, and is scheduled to be released in the fourth quarter of this year.

Industry insiders say NIO Inc. has started the development of a new model in Hefei, which is lower than the existing SUV and sedan models.

According to official information, if NIO Inc. BaaS (battery subscription service) scheme is adopted, the minimum price of the whole car can be as low as 276000 yuan. If you use a lower positioning model combined with lithium iron phosphate battery, NIO Inc. 's price range is bound to be further expanded.

• CICC: Baidu, Inc. Q1 income may be slightly higher than expected, but profit margin slightly revised down

CICC Research Daily pointed out that it is expected$Baidu, Inc. (BIDU.US) $Revenue in the first quarter of 2021 will grow 24.1 per cent year-on-year to 28 billion yuan, slightly higher than market expectations of 2.6 per cent.

Baidu, Inc. 's core income will grow by 32.1% year-on-year to 20.17 billion yuan, within the range of 26% to 39% guided by the company, mainly benefiting from the low base of 1Q20 and the rapid growth of non-advertising revenue.

At the same time, due to the continued increase in non-advertising revenue, especially cloud computing revenue, the company's operating profit margin for the first quarter and the whole year is expected to be slightly under pressure, and the company's adjusted operating profit margin is expected to be about 24% in the first quarter.

CICC lowered its profit forecasts for 2021 and 2022 by 19% and 9% to reflect the profit margin impact of changes in the company's revenue structure. Based on the SOTP valuation, the target price is lowered by 13.7% to $335.3 to more reasonably predict the progress of the commercialization of self-driving. Continue to maintain an outperform industry rating and recommend buying bargain-hunting.

• Middle-hand Games plans to issue a total of 258 million shares, and Bilibili Inc. subscribes for 198 million shares.
  

The company announced that the company intends to pay HK $3.3 per share (the same below) to$Bilibili Inc. (BILI.US) $, Wide Fortune and Century Network issued 198 million shares, 56.4 million shares and 3.5 million shares respectively. This is equivalent to an increase of 7.15%, 2.04% and 0.13% of equity. The net income was 849 million yuan.

On April 29th, the company entered into a business cooperation agreement with Bilibili Inc., which sets out the main terms of the strategic cooperation between the company and Bilibili Inc., which will take effect upon the completion of the Bilibili Inc. subscription agreement.

The announcement said that the subscription will strengthen the financial position of the group and provide working capital for the group. At the same time, subscribers will bring synergy, potential cooperation opportunities and development prospects to the group.

• Gartner report: JD.com Yun IaaS market ranking rose to the top five in China
  

According to the global cloud computing IaaS market tracking data recently released by Gartner in 2020, the global cloud computing IaaS market rose to US $64.286 billion in 2020, an increase of 40.7% over the same period last year. Among them$JD.com (JD.US) $Its Jingdong Yun IaaS ranks fifth in market share in China, ranks in the top three among head manufacturers and ranks first in the domestic cloud computing echelon.

• Goldman Sachs Group: give a "buy" rating to whom to learn from, with a target price of $60

On April 28th, Goldman Sachs Group released a report, which just changed its name to Gaotu Techedu Inc..From whom to learn (GSX.US) $The stock was upgraded from sell to buy, with a target price of $60.

It said that compared with its peers, the current share price offered an attractive risk return because the stock was currently trading near its low since ipo, and predicted that Gaotu Techedu Inc. would maintain a compound growth rate of 41 per cent a year over the next five years and break even and make a profit during that period.

• Goldman Sachs Group believes that Energy Monster can maintain his leading position in the industry and give him a "buy" rating.

Goldman Sachs Group analyst Ronald Keung covers for the first time$Energy Monster (EM.US) $With a "buy" rating with a target price of $13.90.

The analyst believes that given the company's "strategic planning and efficient network expansion", it will well maintain its leading position in the industry while providing higher profit margins than its peers.