BP stock, the U.K.-based oil giant, and Chinese search and AI play Baidu lead this weekend’s watch list of 5 stocks near buy points. Both BP and BIDU stock have rallied on China’s emergenc...
Tag: Baidu
Southwest, Tesla, Alibaba, NIO, and More Stock Market Movers Tuesday
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Chinese Tourism Stocks Rally
China Last Night KraneShares Key News Asian equities were mixed overnight on light volumes. COVID’s spread in China is garnering more attention than I would have thought from Western media. 100%...
PCAOB Announcement – Complete Access To Inspect And Investigate Chinese Firms
China Last Night KraneShares Key News In big breaking news, the PCAOB announced that it has secured complete access to inspect and investigate Chinese firms for the first time in history. This could b...
NHC Announces Elderly Vaccination Push, Real Estate Receives Policy TLC
China Last Night KraneShares Key News Asian equities had a strong day led by Hong Kong which had a stronger rally overnight than US listed China ADRs yesterday. We should see another positive day in U...
Meituan Earnings Excel, Week In Review
China Last Night KraneShares Week in Review Asian equities ended a choppy trading week mostly lower on global growth concerns, while China real estate developers outperformed as policy support begins ...
Baidu Says US Chip Restriction Will Have ‘Limited Impact’ on Business Operations
Despite the semiconductor chip shipment restriction, the company’s executive said a significant percentage of Baidu’s AI Cloud business does not rely on advanced chips. Baidu, the Chinese multinationa...
Baidu & Kuaishou Earnings Highlight Cost Efficiency
Kuaishou Earnings Overview Kuaishou reported earnings that came in below analyst estimates, posting a third-quarter loss of RMB -3 billion. Some analysts have lowered their revenue and user growth est...
Baidu Beats Revenue Expectations Despite Continued Covid Worries
Baidu on Tuesday became the latest Chinese technology company to report a return to annual growth, as it beat expectations for its third-quarter revenue. Baidu (ticker: BIDU)—often referred to as Chi...
China Equities Lower As Dynamic Zero COVID Is Tested
China Last Night KraneShares Key News Asian equities were mixed overnight as China markets lagged the rest of the continent as an area near Beijing was shut down partially. China’s dynamic COVID polic...
Chinese Tech Giants Struggling [Infographic]
Stock market losses of U.S. tech companies have made headlines recently as the likes of Meta, AmazonAMZN or Alphabet wiped out billions in just a few days at the end of October. But the tech rout is n...
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...
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 ...
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...
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...
Alibaba Pours $1 Billion Into Cloud Computing. The Move Is Critical for Its Growth.
Text size Alibaba stock has tumbled since early 2021 amid waves of regulatory pressures. Greg Baker/AFP via Getty Images Alibaba will invest $1 billion into its cloud computing division, doubling down...
Trip.com, China’s Biggest Online Travel Site, Reverses To Profit In 2nd Quarter As Global Bookings Gain
Employees walk through the reception area at the Trip.com headquarters in Shanghai in 2021. … [+] Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Trip.com, China biggest online tr...
Why Alibaba Stock Is an Exception to Goldman’s US Market Preference
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
Why Alibaba, Other China Tech Stocks Are an Exception to Goldman Sachs’ Outlook
Text size Alibaba and other Chinese tech stocks have been battered since the beginning of last year. Qilai Shen/Bloomberg Chinese tech stocks have taken a beating since many hit all-time highs in earl...
Mainland Market Gets Its Growth Stock On
China Last Night KraneShares Key News Asian equities had an off day except for China, Malaysia, and Thailand as the Asian currency index posted another 52-week low versus the US dollar. Today was anot...
Tencent Denies Financial Times Divestment Article, Week In Review
China Last Night KraneShares Week in Review Asian equities had a mixed week as US dollar strength and Fed Chair Powell’s hawkish comments from Jackson Hole weighed on local currencies in the region, a...
Alibaba Prepares For PCAOB Audit Review, MSCI Rebalance Day Leads To High Volumes
China Last Night KraneShares Yesterday, U.S. China ADRs fell partly due to a Reuters article stating that Alibaba and JD.com will have PCAOB audit reviews. The “news,” which should be expe...
Baidu claims its robotaxis have grabbed 10% of a ride-hailing market
Chinese tech giant Baidu’s robotaxis have grabbed about 10% of the ride-hailing market in a Beijing suburb, the company said Tuesday Vcg | Visual China Group | Getty Images BEIJING — In less tha...
Baidu Beats, Hong Kong Short Volume Reaches All Time High, And US Dollar Takes A Breather
China Last Night KraneShares Key News Asian equities had a strong day, less so China and Hong Kong while India outperformed as the US dollar took a breather from its recent strong run. One has to wond...
Baidu Stock Jumps After Q2 Sales Top Forecasts on Cloud Strength
Baidu (BIDU) shares jumped higher Tuesday after the China-based tech giant posted a smaller-than-expected decline in second quarter revenues as cloud sales offset persistent weakness in advertising....
Baidu beats earnings despite facing macroeconomic and operational hurdles
Chinese technology stocks have been under a lot of scrutiny lately by both their government and investors in general. Despite this, the sentiment looks like it could shift, especially if positive earn...
Macro Headwinds Weigh On Micro Catalysts, Pinduoduo & Meituan Beat Expectations
China Last Night KraneShares Key News Asian equities had a rough start to the week as investors reacted to Fed Chair Powell’s hawkish comments from Jackson Hole on Friday. ADXY, the Bloomberg JP Morga...
U.S., China Near Deal to Allow Audit Inspection of N.Y.-Listed Chinese Companies
SINGAPORE—The U.S. and China are nearing an agreement that would allow American accounting regulators to travel to Hong Kong to inspect the audit records of Chinese companies listed in New York, accor...
Jerome Powell & US Dollar Summer Global Wrecking Ball Tour Continues
China Last Night KraneShares Key News Asian equities were mixed/lower overnight as South Korea, India, and Southeast Asia managed small gains while Japan, Hong Kong, and China were off. Global equitie...