Chinese stocks rallied on Monday as investors continued to be optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course on “zero Cov...
Tag: Alibaba
Alibaba, JD, Baidu, and NIO Sink as China Tech Stocks Follow U.S. Selloff
Chinese technology stocks fell on Friday driving the Hang Seng Index to new lows. They seemed to be following U.S. investors who have fled from the sector after a string of disappointing earnings repo...
Alibaba records 4x higher online user traffic growth in the U.S. than Amazon in 2022
Over the last two decades, e-commerce giant Amazon (NASDAQ: AMZN) has recorded significant growth solidifying its position in the United States and globally courtesy of several innovative strategies. ...
Have Chinese Stocks Hit Bottom? Alibaba and NIO in Focus
US-listed Chinese stocks had a bit of a meltdown on Monday. All bled profusely after President Xi Jinping’s pivot for absolute power saw him secure an unprecedented third term as Chinese leader. Stuff...
As Black Friday Wilts, Green Friday Sprouts
Conscious consumerism is on the rise getty Not so long ago, Black Friday was a day to be anticipated and celebrated. After Americans stuffed themselves on Thanksgiving, they went in search of stuff to...
President Xi’s Tightening Grip On China Could Boost Some Chinese Stocks
Xi Jinping’s presidency will continue for a third five-year term, scaring investors concerned about his crackdown on China’s tech companies in recent years. Getty Images Chinese president ...
Hong Kong Internet Stocks Bounce As Alibaba’s Singles Day Kicks Off
China Last Night KraneShares Key News Asian equities were mixed overnight as the Asia dollar index made another 52-week low. Please see our take on yesterday’s market volatility using the below link: ...
Alibaba stock is now trading below its IPO price: buy the dip?
Alibaba Group Holding Ltd (NYSE: BABA) ended more than 10% down on Monday after Xi Jinping secured a precedent-breaking third term as the leader of China and handpicked members of the new Politburo St...
China Stocks Plunge In U.S. On Concerns Policy Will Turn Left After Communist Congress
Richard Liu Qiangdong, founder and chairman of JD.com, at the Nasdaq MarketSite in New York in … [+] 2014. Michael Nagle/Bloomberg Shares in Chinese companies traded in the U.S. plunged in trade...
Alibaba succumbs to bear pressure. How attractive is the stock now?
Alibaba Group Holdings Ltd. (OTCMKTS:BABAF) fell 18% on Monday after negative China news. Cumulatively, the stock has lost more than half of its value year-to-date. The Monday sell-off affected all th...
Avis, Pinduoduo, Starbucks, Alibaba and more
People wait in line at Avis rental agency in the Miami International Airport Car Rental Center. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Tesla — Shares of the...
Tesla, WeWork, Alibaba and more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla fell 2.5% in the premarket after cutting Model 3 and Model Y prices in China by up to 9%. The price cuts come amid sign...
Alibaba, Tencent, Other Chinese Stocks Are in Free Fall. It’s About Xi Jinping.
Shares in Chinese companies were plunging Monday as markets reacted to the consolidation of power by President Xi Jinping, after he was confirmed to a historic third term as leader of the world’s seco...
Nio stock dives below $10, Alibaba hits 6 1/2-year low as Xi’s power move fuels fears
The U.S.-listed shares of China-based companies were rocked Monday, as China President Xi Jinping’s moves to consolidate power fueled fears that current policies that have led to a slowing economy wil...
Alibaba, JD.com Tumble in US as Xi Asserts Full Control in China
(Bloomberg) — US-listed Chinese stocks tumbled in premarket trading, with investors spooked by President Xi Jinping’s tightening grip on China’s ruling party, as he embarks on a precedent-breaki...
Should I buy Alibaba shares after the relentless sell-off?
Alibaba Group Holding Ltd (NYSE: BABA) shares have weakened more than 30% since August 26, 2022, and the current price stands at $72.19. China’s economy is facing many headwinds like ongoing Covid con...
Hong Kong Sees Strong Inflows From Mainland Investors, Week In Review
China Last Night KraneShares Week in Review Asian equities had a choppy week of trading as Mainland investors poured into Hong Kong stocks, awaiting the results of the 20th National Party Congress (NP...
GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale
(Bloomberg) — Indonesia’s largest tech company GoTo Group is in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash w...
U.S. Dollar Takes Center Stage
Key News Asian equities were mixed overnight on light volumes despite a strong U.S. equity performance yesterday with Hong Kong, China, South Korea, and Taiwan underperforming. Macro took center stage...
Healthcare Stocks Rise In Hong Kong And China; BYD Forecasts +300% Net Profit Increase
China Last Night KraneShares Key News Asian equity markets finished higher overnight as China closed mixed, which followed a strong rally in US stocks yesterday. President Xi’s Sunday speech emphasize...
Alibaba and Other China Stocks Jump as President Xi Reassures on Tech
Shares in U.S.-listed Chinese companies were moving higher Monday as investors smiled on comments from a high-profile speech by President Xi Jinping that was supportive of the country’s technology sec...
Mainland Investors Buy Hong Kong Stocks As Short Selling Continues
China Last Night KraneShares Key News Asian equities were down on light volumes in advance of today’s US CPI print, with Thailand on holiday. The Asia dollar currency index gained as the US dollar sli...
Mainland Stocks & CNY Stage Mid Day Reversal
China Last Night KraneShares Key News Asian equity markets were mixed as China outperformed. In the words of a Mainland stock broker, it was “an exciting trading day”. Onshore China (Shanghai/Shenzhen...
Alibaba Cloud Steps Up Rivalry With Latest Move, Launches Data Center Equivalent To Google’s Silicon Valley Headquarters
American City Business Journals Report: Amid weak PC demand, layoffs coming to Intel Layoffs may be on the way at Intel, Oregon’s largest employer. The moves would come as the semiconductor industry i...
Semiconductor Stocks Tumble After U.S. Announces New Chip Restrictions
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Quiet Night As Hong Kong Volumes Drop
China Last Night KraneShares Key News Asian equities were broadly higher on light volumes as South Korea’s growth stock exchange the KOSDAQ +3.02% though down -42% YTD. Hong Kong traders returned to t...
Hong Kong Rallies As Shorts Press Their Bets
China Last Night KraneShares Key News Asian equities markets had a strong day following yesterday’s US move with Hong Kong outperforming while China is still on its Golden Week holiday and India misse...
Real Estate Rebounds On Policy Support, China Begins Golden Week Holiday
China Last Night KraneShares Key News Asian equities were largely off, as Japan outperformed while India and Thailand underperformed. China is closed this week for the National Holiday, while South Ko...
PMIs & Real Estate In Focus, Week In Review
China Last Night KraneShares Week in Review Asian equities saw another week of turbulent trading, with growth stocks seeing the brunt of the selling pressure on increasing concerns about global growth...
JPMorgan, Morgan Stanley Cut Alibaba Target on Revenue Concerns
(Bloomberg) — JPMorgan Chase & Co. and Morgan Stanley analysts cut their price target for Alibaba Group Holding Ltd., turning more pessimistic on the Chinese e-commerce giant on sales concer...
PBOC Talks Down Renminbi As Hong Kong Shorts Press Their Bets
China Last Night KraneShares Key News Asian equities were mixed, as Japan, Taiwan, and South Korea closed on a positive note while the remainder of the region was off. China and Hong Kong opened highe...