Huasheng News May 8 news, U. S. stocks in early trading, most of the hot Chinese stocks weakened.

Xiaopeng fell by more than 6%, Weilai by more than 5%, ideal car by more than 4%, Jingke Energy by more than 3%, iqiyi, Shell, Baidu and bilibili by more than 1%, and Tencent Music and Alibaba weakened slightly.

Alibaba next week releases Q4 results for fiscal year 2024 and expects net profit to decline by up to 19.6%.

Alibaba Group will announce its results for the fourth quarter of fiscal year 2024 next Tuesday. According to the forecast of eight brokerages in the market, Alibaba's non-GAAP net profit for the quarter is expected to be 22 billion to 26.958 billion yuan, down 1.5% to 19.6% from the same period last year, and the median drop is 13.4% to 23.729 billion yuan.

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