U. S. stocks rebounded and closed higher on Thursday, while U. S. bond yields fell. Powell, chairman of the Federal Reserve, said it would gradually scale back its bond purchases. Us President Joe Biden says he will seek re-election. The Dow is up 0.62%, the Nasdaq is up 0.12%, and the S & P 500 is up 0.52%.

Futuo hot Chinese stocks are mixed, of which 21 stocks rose, 19 stocks fell and 1 stock closed flat.

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

Among the well-known Chinese stocks:KE Holdings Inc. rose 7.84%, XPeng Inc. 5.45%, Yatsen 3.83%, Pinduoduo 2.7%, Li Auto Inc. 2.66%, NIO Inc. 2.65%, Baidu, Inc. 14.47%, iQIYI 13.34%, Tencent Music 12.17%, Alibaba 2.99%.

The larger increases are as follows:China Auto Logistics Inc rose 47.51%, Recon Technology rose 14.62%, 21Vianet Group Inc rose 11.43%, and Taoping Inc rose 9.55%.

The larger decreases are as follows:ANDATEE CHINA MARI fell 75%, Qingke long fell 41.18%, Jianpu Technology Inc fell 14.19%, Lightinthebox Holding Co. Ltd fell 11.76%, and X Financial fell 11.62%.

Focus review

• Bilibili Inc. 's Hong Kong shares were 174.19 times subscribed at a price of HK $808.00 per share
  

Friday$Bilibili Inc.-SW (09626.HK) $According to the announcement, the company issued 25 million shares at a price of HK $808 per share, 20 shares per share, and is expected to be listed on March 29. Based on Thursday's closing price of US stocks of US $96.65, the price of Hong Kong shares is about HK $743, a discount of 8.05% to the price of HK $808.

Bilibili Inc. was 174.19 times subscribed during the public offering phase, and the final number of offer shares allocated to the public offering was 3 million shares, accounting for about 12% of the total number of offer shares (before any over-allotment option was exercised). A total of 270785 valid applications were received, with a success rate of 10%, and 25 subscriptions were secured in one hand.

In addition, the international offering was substantially oversubscribed, resulting in a final number of 22 million shares, equivalent to about 88 per cent of the total number of shares offered.

• BABA Vice President: indeed submitted the application for Taobao special version of Mini Program, looking forward to cooperation with Tencent

At the annual press conference of Taobao special edition$BABA (BABA.US) $Qi Gong, vice president and general manager of Taobao C2M Division, revealed in an exclusive interview that the special version of Taobao did submit an application for Mini Program to Wechat, which has not yet been approved, and the special version of Taobao is looking forward to cooperation with Tencent.

• JOYY Inc announced Q4 and full-year results for 2020: annual revenue of 13.2 billion, an increase of 112% over the same period last year.

$JOYY Inc (YY.US) $Unaudited financial reports for the fourth quarter and full year of 2020 are released today. In 2020, the company's annual revenue was 13.2 billion, up 112% from the same period last year, and revenue in the fourth quarter was 3.7835 billion, up 77.5% from the same period last year. The number of global mobile monthly active users fell 7.1% year-on-year to 393.7 million, mainly due to the Indian government's ban on some Chinese apps. (since HUYA Inc. and YY Live have been listed as non-continuing operations by the Group, the financial data in this report do not include HUYA Inc. and YY Live)

• JOYY Inc: the allegations and conclusions related to YY Live business in the Muddy Waters short report have not been confirmed.
  

$JOYY Inc (YY.US) $According to the results, the company's audit committee had begun an independent review of the allegations made in the November 18, 2020 report on the shorting of muddy waters in the JOYY Inc era, as stated in its form 6murk on February 8, 2021. The audit committee of the company has previously reached an investigation conclusion on the YY Live business part, and the allegations and conclusions related to the YY Live business in the short report have not been confirmed. At present, the Board of auditors has also concluded its investigation into a small number of allegations in the report other than YY Live business (which revolves around BIGO business) and also finds that the short seller's allegations are not valid. As a result, the review of the Board of auditors has been completed and no adverse circumstances have been found.

• Li Auto Inc. set up a new automobile service company in Xiamen with a registered capital of 1 billion.

According to Tianyan check, ideal Smart Automobile Service (Xiamen) Co., Ltd. was established with Hansi as its legal representative and registered capital of 1 billion. The scope of business includes new energy vehicle sales, new car sales, motorcycle and spare parts retail, motorcycle and spare parts wholesale, tram sales, motor vehicle repair and maintenance, etc. The company is wholly owned by che Hejia (Xiamen) Investment Co., Ltd., and the legal representative of che Hejia (Xiamen) Investment Co., Ltd.$Li Auto Inc. (LI.US) $Li Xiang of.

• Momo Inc's net income of Q4 in 2020 is 3.7952 billion yuan, and the net profit is 836.4 million yuan.

According to the financial report, in the fourth quarter of 2020$Momo Inc (MOMO.US) $Net revenue reached 3.7952 billion yuan, compared with 4.688 billion yuan in the same period last year. According to non-American general accounting standards, the net profit attributed to strangers in the fourth quarter of 2020 was 836.4 million yuan; in 2020, Momo Inc's net revenue was 15.0242 billion yuan, compared with 17.015 billion yuan in the same period last year. As measured by non-American general accounting standards, the net profit belonging to the strange parent company is 2.8962 billion yuan.