US Stock Market Move | Chinese concept stocks continue to show strong gains, NaaS Technology, Inc. Sponsored ADR (NAAS.US) surges over 10%

NaaS Technology, Inc. Sponsored ADR (NAAS.US) rose 10.79% on Thursday, closing at $3.49. With the stimulus policies boosting the Chinese economy, Chinese assets continued to rise overnight, with the Nasdaq China Golden Dragon Index up 10.9%. Previously, NaaS Technology, Inc. Sponsored ADR announced a partnership with Zhi Ji Auto for interconnected charging services. Zhi Ji Auto, jointly created by SAIC Motor Corporation, Alibaba Group Holding Limited Sponsored ADR, and Shanghai Zhangjiang Hi-Tech Park Development, will work with NaaS Technology, Inc. Sponsored ADR to open up their strategic partner Fast Electric's nationwide network of fast and super-fast public charging stations. This collaboration will allow for interconnected charging stations, payment settlement, and other functions, providing Zhi Ji Auto owners with more charging options and access to more efficient and intelligent charging services. Additionally, this partnership will promote open sharing in the charging services industry and accelerate the development of new energy vehicles.