智通财经网·2025-11-24 14:20Core Insights - Chinese concept stocks saw a pre-market rally, with notable gains in companies like Hesai (HSAI.US) up over 9%, Bilibili (BILI.US) and Pony.ai (PONY.US) nearly 7%, and NIO (NIO.US) and NetEase (NTES.US) over 4% [1] - The Hang Seng Tech Index rose significantly by 2.87% during the day [1] - Hesai Technology has secured partnerships with its two major ADAS clients, Xiaomi and Li Auto, for full model cooperation by 2026, with plans for 100% laser radar standardization [1] - Alibaba's Tongyi Qianwen app achieved over 10 million downloads within a week of its launch, becoming the fastest-growing AI application [1] - Despite a recent pullback in global tech stocks, several foreign investment banks, including Morgan Stanley, JPMorgan, and UBS, have expressed bullish views on Chinese stocks, with Morgan Stanley predicting further gains by 2026 [1] Company Highlights - Hesai Technology's laser radar will be standard in all models of its major clients, indicating strong demand and potential revenue growth [1] - Alibaba's rapid success with its AI app reflects the growing interest and investment in AI technologies within the Chinese market [1] Industry Trends - The positive outlook from major foreign investment banks suggests a potential recovery and growth phase for Chinese stocks, contrasting with the global tech stock pullback [1] - The strong performance of the Hang Seng Tech Index indicates a favorable environment for technology companies in China [1]