Key News It was a quiet night in Asia as China was closed for Labor Day, Japan for Constitution Day, and many countries with Muslim populations for Eid al-Fitr, which marks the end of Ramadan fasting....
Tag: Alibaba
Alibaba Shares Briefly Plunge On Arrest Report Of Person Named ‘Ma’ In Hangzhou
Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China. Qilai Shen/Bloomberg Alibaba shares plunged as much as 9.4% in Tuesday morning trading in Hong Kong following a rep...
China Stock Exchanges To Close May 2-4 For Labor Day Holidays
Share to Facebook Share to Twitter Share to Linkedin The Shenzhen Stock Exchange is home to many of China’s top technology companies. Photographer: … [+] Qilai Shen/Bloomberg © 2016 Bloomb...
Internet Regulation Cycle Eases As Domestic Consumption Becomes Job #1, Week In Review
China Last Night KraneShares Week in Review Asian equities registered another choppy week of trading, mirroring US and developed markets. Markets were deepest in the red on Monday as investors feared ...
Alibaba, JD.com Jump as China Pledges Stimulus to Rescue Economy
(Bloomberg) — U.S.-listed Chinese stocks rose sharply across the board in premarket trading on Friday, after Beijing’s top leadership pledged more stimulus to rescue an economy hampered by exten...
Alibaba, Baidu Estimates Slashed on Covid Lockdowns
(Bloomberg) — China’s technology giants have had their earnings estimates slashed for a second straight month amid the nation’s relentless pursuit of its Covid-Zero strategy. Most Read from Bloo...
Baidu Gets Green Light For Autonomous Beijing Taxis, Premier Li Highlights Internet Companies
China Last Night KraneShares Key News Asian equities had a strong night as all markets gained, led by Japan as the Yen hit a low versus the US dollar not seen since 2002. Hong Kong had a strong day le...
Alibaba Stock Drops to Its Lowest Level in 6 Years. Behind the Latest Fall.
Text size Shanghai has been under strict Covid-19 lockdowns since March. Dreamstime The worsening Covid-19 situation in China is weighing on the country’s stock market, with companies including Alibab...
Pinduoduo, Alibaba Lead Chinese ADR Decline Amid Lockdown Woes
(Bloomberg) — U.S.-listed Chinese stocks look set to open in the red on Monday as expanded Covid lockdown measures in major cities sparked concerns over the country’s economic growth outlook. Mo...
Hong Kong-Listed Internet Stocks Bounce As Asian Investors Note Positives, Week In Review
China Last Night KraneShares Week in Review Asian equities had an off week as Hong Kong had a short week due to Easter Monday. According to a release Monday, China’s GDP grew by +4.8% year-over-year i...
China Stocks Fall Anew; Pandemic Stirs Growth Worries, Thins Billionaire Ranks
A pedestrian walks past the Shanghai Stock Exchange in Shanghai in 2020. (Photo by HECTOR … [+] RETAMAL/AFP via Getty Images) AFP via Getty Images Bellwether China stocks fell anew in the U.S. t...
Buyers Strike As CSRC Recommends Raising Equity Allocations
China Last Night KraneShares Key News Asian equities had a mixed day as Japan and India rebounded while Hong Kong, China, and the Philippines were down/underperformed. Going into today’s session, we k...
JD, Alibaba Stock Exodus From New York Intensifies
(Bloomberg) — Investors are shifting more of their shares in Chinese e-commerce giants to the Hong Kong market, as Beijing’s efforts have yet to dispel concerns over the companies’ eligibility t...
Alibaba’s Ant Group Buys Majority Stake In Singapore Fintech 2C2P
The Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Alibaba Group … [+] Holding Ltd.’s fintech affiliate Ant Group Co. had its initial public offering torpedoed...
Profit At Warren Buffett-Backed EV Maker BYD Soared In First Quarter
Warren Buffett’s Berkshire Hathaway owns 7.7% of China EV maker BYD. (Photo by Dimitrios … [+] Kambouris/Getty Images) Getty Images BYD, the China-based vehicle and battery maker backed by...
Charlie Munger’s Daily Journal Halves Alibaba Position
Summary The Chinese e-commerce company has seen its shares fall for more than a year. Munger’s company did not make any other changes to its equity portfolio. Renowned investor Charlie Munger (T...
Hong Kong Stock Exchange Closes For Good Friday, Easter Holidays
A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock … [+] Exchange Thursday, April 7, 2022. (AP Photo/Vincent Yu) ASSOCIATED PRESS The Hong Kong...
Bank RRR Cut Anticipation Lifts Markets
China Last Night KraneShares Key News Asian equities had a mixed night, as China, Hong Kong, and Japan outperformed. At the same time, India, the Philippines, and Thailand got an early start to the lo...
Top Stocks To Buy This Week
Q.ai The equities market declined last week following the release of the Federal Reserve’s March meeting minutes. Amongst other indications, Fed officials are planning for several more interest rate h...
China’s Xpeng Is Selling NFTs On Alibaba To Mark 100,000th Roll out Of Complete Vehicle
Xpeng, a Chinese electric vehicle manufacturer, is selling “digital collectibles” as a marketing move to celebrate the milestone of the 100,000th roll out of a complete vehicle. Most Chinese companies...
Alibaba Stock Stake Slashed by Charlie Munger’s Daily Journal
Text size Charlie Munger attends the annual Berkshire shareholders meeting in Omaha in 2019. JOHANNES EISELE / AFP / Getty Images Daily Journal , which Charlie Munger had served as chairman until rece...
Munger-Tied Daily Journal Slashes Its Alibaba Stake in Half
(Bloomberg) — Daily Journal Corp., a newspaper and software business that counts Charlie Munger as one of the overseers of its stock portfolio, cut its stake in Chinese internet giant Alibaba Gr...
Alibaba Stock Hit by China Covid Outbreak. 4 Reasons to Hope for a Bounce.
Text size Alibaba stock faces headwinds from Covid-19 outbreaks in China. Greg Baker/AFP via Getty Images A renewed outbreak of Covid-19 in China has hurt the outlook for the e-commerce giant Alibaba ...
Alibaba Stock Deserves a Better Price Target, but It’s Still a ‘Sell,’ Says J.P. Morgan
Tuesday was a bad news, good news kind of a day for investors in Chinese large-cap tech titan Alibaba Group (BABA). Bad news first: JPMorgan analyst Alex Yao reduced his bank’s forecast for Alib...
Billionaire Gordon Tang-Backed Firms Buy 21% Stake In Singapore Skyscraper Partly Owned By Alibaba
Syline of skyscrapers in the financial district of Singapore and Marina Bay illuminated at night getty Chip Eng Seng and a joint venture between SingHaiyi Group and Haiyi Holdings—which are controlled...
The 10 Richest Chinese Billionaires 2022
Fortunes of the Middle Kingdom’s wealthiest tycoons mostly fell over the past year as stocks declined and the Chinese government tightened its grip on tech companies. After a record-setting 2021, Chin...
EV Sales At Warren Buffett-Backed BYD Quadrupled In March
Warren Buffett’s Berkshire Hathaway owns 7.7% of BYD. Photo by: zz/Dennis Van Tine/STAR MAX/IPx zz/Dennis Van Tine/STAR MAX/IPx BYD, the Shenzhen-headquartered vehicle and battery maker backed b...
Nreal AR Raises $60 Million From AliBaba, Mojo Vision AR Contacts Demo, Liv Raises $8.5 For VR Streaming
Nreal Light AR Smartglasses. Note the smart phone is the controller. Nreal Nreal Raises $60 Million from Alibaba. The funding will help China’s Nreal AR Smartglasses launch in its home country followi...
Buyback Bonanza As Regulators Talk About Talking
China Last Night KraneShares Key News Asian equities were largely off overnight. The SEC added Weibo, Baidu, iQIYI, and three other China ADRs during US trading hours to their HFCAA non-compliant list...