Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Chinese concept stock index soars over 4%; Alibaba ADS exceeds Hong Kong price by more than 6%
Alibaba (09988) reported a 1.06-fold increase in quarterly profit year-on-year as of the end of March, while non-GAAP net profit plummeted by 99.71%, falling short of market estimates. However, executives in an analyst call expect that in the next year, revenue from artificial intelligence (AI)-related products will surpass 50%, becoming the main driver of Alibaba Cloud's revenue growth. Stimulated by the news, Alibaba's American Depositary Shares (ADS) surged on Wednesday, over 6% above the Hong Kong price, driving the NASDAQ China Golden Dragon Index to rebound more than 4%.
Alibaba ADS currently jumped 7.4%, to $144.71, equivalent to HKD 141.63, which is 6.6% higher than the Hong Kong closing price; Meituan (03690) up 6.3%, JD.com (09618) up 3.6%.
The Golden Dragon China Index latest reading is 7,297 points, up 4.1%. The ADR Hong Kong stock ratio index is currently at 26,910 points, 521 points or 1.98% higher than the Hong Kong market. The Hang Seng Index night futures are at 26,802 points, up 508 points, with a premium of 414 points.