- Although Chinese markets were closed for the LNY break, global investors reacted excitedly to news coming out of China with equities trading in international exchanges.
- The disrupted Chinese New Year plans for the migrant workers resulted in new trends benefiting several sectors, including the e-commerce platforms.
- Baidu's management shrewdly provided the soundbites during the earnings conference call that analysts were clamoring for in justifying higher price targets.
- The share price of Xiaomi skyrocketed in the final 22 minutes of trading on Friday on reports it is planning to make electric vehicles.
- The impetus for Xiaomi to do so is there with the strong policy support and the company has been developing related capabilities for several years.
For further details see:
Xiaomi Follows Baidu Into EV-Making, Sparks Fly