The Hang Seng Tech Index’s surge to a 4-year high reflects revived optimism in Chinese technology leaders like Alibaba, Tencent, and NetEase. Valuations remain comparatively low, trading near the 24th percentile of the past five years, suggesting upside potential if earnings momentum sustains. However, geopolitical tensions, regulatory uncertainty, and global macro risks warrant caution. Investors should view the rally as an opportunity for selective exposure rather than broad chasing. Strong balance sheets and innovation pipelines will distinguish long-term winners.

China ADRs are blooming everywhere: $NetEase(NTES)$ and $Trip.com Group Limited(TCOM)$ extend all-time-highs, while $Baidu(BIDU)$ and $Alibaba(BABA)$ finally break their multi-year bases. Are you on board?On 17 Sep 2025 the Fed officially hit the “start” button of its new easing cycle. Hot money immediately rushed back into risk assets and China names became the favorite playground.1. Who’s leading? (see the chart with stocks market cap > USD 15Billion)New highs club: $Taiwan Semiconductor Manufacturing(TSM)$ , $NetEase(NTES)$,

This is just the beginning of the long run. More.....to....come.... keep on going.....

$TENCENT(00700)$  suddenly spiked up at 11am. Not sure what's going on

$TENCENT(00700)$  Time for Chinese tech to shine!

$TENCENT(00700)$  to the moon

$TENCENT(00700)$ Still holding 

1. Confidence in AI as strategic growth driver Baidu clearly views AI as central to its future. It’s not just a side project; it’s something they’re investing heavily in. Issuing bonds or raising fresh capital to fund AI shows belief that returns will justify the investment.  2. Shift in revenue mix / business model adaptation Traditional parts of Baidu’s business — e.g. online advertising — have been under pressure. Its newer lines: AI Cloud, autonomous driving / robotaxi (Apollo Go), large language models (“Ernie Bot”, etc.) are being emphasized to offset declines elsewhere.  3. Financial strategy: leveraging debt in a low-interest or favorable environment Some of the recent capital raising was via bond offerings (e.g. “senior unsecured notes”) and “dim sum” bonds (yuan-denominated bon

$TENCENT(00700)$   Luckily I closed out last months sell call option.

Smart money isn’t just loading, it’s structuring. Baidu’s yuan-denominated senior unsecured issuance in offshore markets is a deliberate liability-matching strategy: funding RMB-based AI spend (chips, data centers, Apollo Go) with RMB debt, while keeping USD lines clean in a sanctions-risk world. Senior unsecured notes telegraph confidence in cash-flow durability, and pricing in the Dim Sum/Reg-S market taps deep liquidity at tighter spreads than USD comps. This is classic WACC arbitrage—cheaper debt versus equity dilution. For equity, expect near-term FCF compression as AI capex spikes, but the inflection arrives once AI Cloud gross margins expand and inference revenue scales. When capex intensity rolls off and monetization kicks in, Baidu converts AI throughput into cash flow leverage. P

$百度(BIDU)$  https://tigr.link/s/20CCLAG

Baidu’s $BIDU-SW(09888)$ plan to raise billions through yuan-denominated senior unsecured notes is a bold move, especially targeting offshore markets. Though terms aren’t disclosed, it echoes their earlier $3B raise to strengthen cash and fund AI—smart given China’s competitive tech scene, where every advantage matters. As an underdog to Tencent $TENCENT(00700)$ and Alibaba $Alibaba(09988)$ , this offering could be a turning point. If directed toward research, talent, and infrastructure, it may give Baidu the AI boost it needs. I stay cautiously optimistic, mindful of past struggles but intrigued by the upside. The AI race in China is intense, and this rai

$BIDU-SW(09888)$ Baidu's announcement to offer yuan-denominated senior unsecured notes offshore has investors buzzing, with earlier reports pegging the raise at over $3 billion to fuel its AI ambitions. As the last major Chinese tech stock catching up in the rally, Baidu's shares have climbed to $135, up 50% YTD, amid its Ernie AI model's dominance. With the S&P 500 at 6,520, Nasdaq at 21,950, and Bitcoin at $123,456, the VIX at 14.12 reflects calm amid tariffs and oil at $74.50/barrel. Posts found on X hype “Baidu AI king,” but some question the debt's impact. This deep dive explores the offering, AI edge, stock outlook, trading plays, and a plan to bet on the rocket or hedge the trap. The Offering: Fuel for AI Fire Baidu's bond move is stra