24H | Chinese ADRs Gain After China Industrial Profits Jump

TigerSep 29, 2025 6:19 AM

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Chinese ADRs jumped in overnight trading after data showed a rebound in China’s industrial profits, easing concerns over corporate earnings pressure in the world’s second-largest economy.

New Oriental rose 6%; Li Auto and Alibaba rose 4%; Bilibili and KE Holdings rose 3%; Baidu, JD.com, and PDD Holdings rose 2%; NIO, XPeng, and Trip.com rose 1%.

Industrial profits among mainland firms jumped 20.4 per cent in August from a year earlier, snapping back from a 1.5 per cent decline in July, according to data released by the National Bureau of Statistics on Saturday. The data covers firms with annual revenue of at least 20 million yuan (US$2.8 million) from their main operations.

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