Xunlei to acquire Hupu for RMB 500M
Acquisition Announcement: Xunlei has agreed to acquire Shanghai Kuanghui Internet Technology, which runs Hupu, for RMB500M, pending certain adjustments and conditions.
Market Position and Timeline: Hupu is recognized as China's leading sports media and data platform, with the transaction expected to close in the first half of 2025.
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StealthGas Inc. (GASS): This water transportation company saw its rating increase from 41% to 72%, indicating improved fundamentals and valuation; it operates a fleet of LPG carriers and other petroleum transport vessels.
Xunlei Ltd (ADR) (XNET): A software and programming small-cap stock that improved its rating from 67% to 87%, focusing on distributed cloud services and digital media content management.
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U.S. Stock Futures: U.S. stock futures are down, with Dow futures dropping approximately 100 points on Thursday morning.
Coty Inc. Performance: Coty Inc. reported mixed fourth-quarter results, with revenue of $1.25 billion exceeding estimates but an adjusted loss of 5 cents per share falling short of expectations, causing shares to plummet 21.4% in pre-market trading.
Other Stocks Declining: Several other stocks also saw declines in pre-market trading, including Canadian Solar Inc. (-9.3%), Shineco, Inc. (-8.3%), and Rocket Pharmaceuticals, Inc. (-5.1%).
Market Trends: The overall market sentiment appears negative as multiple companies report disappointing earnings or guidance, leading to significant drops in their stock prices.

Nordson Corporation Performance: Nordson Corporation's shares rose 5.4% in pre-market trading after reporting third-quarter revenue of $741.51 million, exceeding analyst expectations of $722.57 million, with adjusted earnings per share at $2.73.
Other Gainers: Aethlon Medical saw a significant increase of 68.2%, while Tharimmune and Brazil Potash also reported substantial gains of 53.8% and 35.8%, respectively, due to positive announcements regarding stock offerings and agreements.
Notable Losers: ModivCare's shares plummeted 41.1% following its Chapter 11 filing for restructuring, while Coty Inc. fell 21.4% despite reporting higher-than-expected revenue but missing earnings estimates.
Market Overview: The pre-market trading session showed a mix of gains and losses among various stocks, reflecting reactions to recent financial results and corporate announcements.
Revenue Growth: Xunlei's revenue increased by 30.6% in the third quarter, driven by an 86% rise in its livestreaming services, which has become its largest income source.
Stock Performance: The company's stock has surged over fivefold in the past year, including a 96% increase in just three days following its earnings report for the second quarter.
Strategic Shift: Xunlei is moving back towards its video roots with a focus on overseas livestreaming markets, following its acquisition of sports media platform Hupu.
Investment Gains: The company reported significant gains from its investment in Arashi Vision Inc., contributing to a non-GAAP net profit increase, although its livestreaming and cloud computing segments are still operating at a loss.

Palo Alto Networks Financial Performance: Palo Alto Networks, Inc. reported strong financial results for Q4 of fiscal 2025, with revenue increasing by 16% year-over-year to $2.54 billion and adjusted earnings per share at 95 cents, surpassing analyst expectations.
Stock Movement: Following the positive earnings report, shares of Palo Alto Networks rose by 6.6% in pre-market trading, reaching $187.81.
Other Pre-Market Stock Movements: Several stocks experienced significant changes in pre-market trading, including Laser Photonics Corp, which surged 65.5%, and Color Star Technology Co Ltd, which gained 60.3%.
Declining Stocks: Conversely, some stocks saw declines, such as ALX Oncology Holdings Inc, which fell 19%, and Soligenix, Inc., which dipped 16.7% after previous gains.

U.S. Stock Futures: U.S. stock futures showed mixed results, with S&P 500 futures down approximately 0.1% on Monday morning.
Fabrinet's Performance: Fabrinet's shares fell 9.7% in pre-market trading despite reporting better-than-expected fourth-quarter results and projecting first-quarter revenue between $910 million to $950 million.
Other Stocks Declining: Several other stocks also experienced declines in pre-market trading, including Xunlei Limited (-8.4%), Precigen, Inc. (-5.8%), and Adecoagro S.A. (-4.5%).
FDA Approvals Impact: Tonix Pharmaceuticals saw a slight decline of 3.9% after receiving FDA approval for its fibromyalgia treatment, while other companies like Immatics NV also faced losses in their stock prices.







