US Stock Market Move | Chinese concept stocks rose in mid-day trading, Bilibili, Inc. Sponsored ADR Class Z (BILI.US) surged more than 7%

On Thursday, Chinese concept stocks rose during trading hours. As of the time of publication, Bilibili, Inc. Sponsored ADR Class Z (BILI.US) surged more than 7%. In terms of news, Morgan Stanley believes that Bilibili, Inc. Sponsored ADR Class Z's advertising business is performing well, but the outlook for its gaming business is unclear. They have given the stock a "market perform" rating with a target price of $26. Additionally, Bilibili, Inc. Sponsored ADR Class Z plans to invest in AI infrastructure by 2026 to improve algorithm accuracy and is expected to continue collaborating with CCTV to further enhance brand influence. Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by over 5.5%, GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rose by over 7.6%, and Tencent Music Entertainment Group Sponsored ADR Class A (TME.US) rose by over 3%.