China Last Night KraneShares Key News Asian equities were mostly lower as Hong Kong underperformed on volume that increased overnight. The US CPI print indicated that inflation calmed down slightly fr...
Tag: Alibaba
Investors Wait For US CPI & Internet Earnings
China Last Night KraneShares Key News Asian equities were mixed on light volumes in advance of today’s US CPI release as markets appear to have caught onto the Fed’s focus on inflation. Despite a stro...
Markets Higher As Investors Ignore Nena’s 99 Red Balloons
China Last Night KraneShares Key News Asian equities were largely lower overnight as China outperformed. Apologies for the 1980s hit song reference! Hong Kong-listed internet stocks rallied after US-l...
China Warnes Against AI Frenzy As Alibaba, Baidu Chase Their ChatGPT Dreams
A Chinese state-owned publication warned against the hype around AI-linked stocks in a high-profile editorial. The editorial cautioned that “some market capitals are keen on false concept specul...
Economic And Corporate Profit Rebound Lifts Markets
China Last Night KraneShares Key News Asian equities were largely lower following a decline in US stocks, though China and Hong Kong had a strong day. Shanghai, Shenzhen, and Hong Kong all opened lowe...
Alibaba Jumps ChatGPT Bandwagon After Microsoft, Google And Baidu
Alibaba Group Holding Limited (NYSE: BABA) became the latest company to jump on the ChatGPT bandwagon after Microsoft Corp (NASDAQ: MSFT), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and Baidu,...
Yum China Provides A Look At China’s Consumer, Tik Tok Flip Flops On Food Delivery Launch
China Last Night KraneShares Key News Asian equities were largely higher overnight as Taiwan and South Korea outperformed while China, Hong Kong, Japan, Malaysia, and Thailand posted declines. Unfortu...
Baidu’s Ernie Bot Powers Hong Kong Rise
China Last Night KraneShares Key News Asian equities were mixed as North Asia (Japan, South Korea, Taiwan, China & Hong Kong) posted gains while South Asia (India, Singapore, Indonesia, Malaysia, ...
Balloon Pops Blinken’s Visit, For Now
China Last Night KraneShares Key News Asian equities were largely lower after Friday’s unexpectedly strong US nonfarm payroll release that potentially pauses the Fed pivot, which is weighing on US equ...
Consumer Rebound Rolls On, Week In Review
China Last Night KraneShares Week in Review Asian equities started the week off lower and then rallied higher in the middle of the week as central bank rate hikes dominated market news, though China m...
Why Amazon China fell behind Alibaba, JD.com and Taobao
China’s e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American compani...
CNY Rallies As Central Banks Hike Interest Rates
China Last Night KraneShares Key News Asian equity markets were broadly higher as Taiwan and South Korea outperformed. Central banks, including the Hong Kong Monetary Authority, the European Central B...
President Xi Addresses Domestic Consumption In Speech
China Last Night KraneShares Key News Asian equities had a strong day following US stocks’ positive move yesterday, with the Philippines having a very strong day in advance of today’s Fed +25 bps rate...
Political Rhetoric Or Negotiating 101, PMIs Shine! BYD’s BOOM!
China Last Night KraneShares Key News Asian equities were lower in advance of central banks hiking interest rates this week, while India managed a small gain and the Philippines and Taiwan underperfor...
Alibaba Shares Lose $28 Billion in Sign Rally is Fizzling Out
(Bloomberg) — Alibaba Group Holding Ltd.’s biggest selloff in three months is underscoring investor concern that China’s consumer recovery may fail to meet lofty expectations. Most Read from Blo...
The Year Of The Rabbit Hops To It
China Last Night KraneShares Key News Asian equities were mixed overnight as central bank meetings will dominate this week as Taiwan outperformed while Hong Kong-listed internet stocks were hit with p...
China E-Commerce Giant Alibaba Falls After Reports of Move to Singapore
Stock in Alibaba the Chinese e-commerce site, fell 7% in Hong Kong trading on Monday after reports the company is moving its headquarters out of the country. Alibaba (ticker: HK:9988) to be building a...
Asian shares mostly rise, but Hang Seng drops over 2% as Alibaba tumbles on reports of headquarter shift
BANGKOK (AP) — Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. Tokyo and Shanghai rose while Hong ...
Fidelity Slashes Ant Group Valuation, Posing A Bummer For Alibaba
Fidelity Investments again slashed Alibaba Group Holding Limited’s (NYSE: BABA) fintech affiliate Ant Group Co’s valuation more than two years after China blocked the fintech giant’s...
Billionaire Jack Ma Reportedly Visits Hong Kong As Regulatory Pressure Eases In Mainland China
Alibaba Group cofounder Jack Ma. AP Photo/Firdia Lisnawati Jack Ma, the cofounder of Chinese e-commerce giant Alibaba, is now in Hong Kong to meet friends and finance executives, the Hong Kong Economi...
Foreign Investors Buy China In Size
China Last Night KraneShares Key News Asian equity markets were mixed as China, South Korea, and Indonesia outperformed while Hong Kong, Japan, India, and the Philippines were lower. Shanghai and Shen...
China tightens media control with tiny stakes in two Alibaba units
Alibaba completed its acquisition of video platform operator Youku Tudou in 2016. Pictured here is an old version of the Youku logo. Sopa Images | Lightrocket | Getty Images BEIJING — State-backed ent...
The Importance Of Vice Premier Liu He’s Davos Speech
China Last Night KraneShares Key News Asian stock markets were largely higher as Japan outperformed as the BoJ reaffirmed its commitment to yield curve control. US-listed Chinese stocks were down yest...
Ryan Cohen has built a stake in Alibaba: here’s what he wants
Alibaba Group Holding Ltd (NYSE: BABA) is in focus on Tuesday after Ryan Cohen was reported to have built a stake in the multinational tech behemoth. Why did he amass a stake in Alibaba? The activist ...
Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more
Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Goldman Sachs — Shares of the Wall Street investment bank shed more than 7% after it reported its worst earnings ...
Investor Calls For More Buybacks From Alibaba, GDP & Retail Sales Beat Expectations
China Last Night KraneShares Key News Asian equity markets were largely lower as Pakistan was off nearly -3.5% following a largely positive day in the region on Monday. Hong Kong was mixed on Monday a...