Chinese ADRs shined in premarket trading. Bilibili, Hesai Group up about 5%; NIO, Alibaba up over 2%; Li Auto, XPeng, YINN up over 1%.
Hesai Group announced an expansion of its production agreement with a prominent U.S.-based robotaxi company. The contract, now valued at over $40 million, covers deliveries through the end of 2026.
Crypto stocks were mixed in premarket trading. Bitfarms rose 20%; Upexi up nearly 3%; Circle up over 2%; SBET, BMNR down over 2%.
Opendoor Technologies Inc rose 7% in premarket trading.