Alibaba Group Chairman Daniel Zhang. Photographer: Jason Alden/Bloomberg © 2020 Bloomberg Finance LP Less than two weeks after leaving the board of directors at troubled Beijing ride-sharing app Didi ...
Tag: China
China Rolling Out Digital Yuan for Winter Olympics
The rollout of digital yuan during the approaching Winter Olympics in Beijing will enable foreign athletes and spectators to use the digital currency for the first time. Visitors will be able to downl...
Growth Outperforms In Hong Kong While Value Outperforms In China
China Last Night KraneShares Key News Asian equity markets were off overnight despite the Nasdaq’s impressive intraday reversal as Japan came back from holiday with a thud while India, Malaysia, and T...
These Popular Stocks Will Plunge In 2022 (Sell Now)
China national flag overlaid with Yuan renminbi banknotes. Chinese money and political situation. … [+] Concept of Chinese financial and business markets changes getty Chinese stocks have crater...
Will Team Biden Increase Retail Tariffs?
USA and China – trade war on two flags getty It was former President Trump who developed the China trade war – as retailers were broadcasting stern warnings that inflation would spike sign...
Report: e-CNY app downloads skyrocket in China ahead of Winter Olympics
China’s e-CNY prototype, a centrally-backed digital currency, went live in select cities earlier this month. As the country is looking to officiate its CBDC during Winter Games, scheduled to take plac...
Hong Kong Internet Stocks Post Another Strong Day
China Last Night KraneShares Key News Asian equities had a decent start to the week led by the Philippines’ strong day. South Korea was off on tech/growth weakness, and Japan was on holiday. The Hang ...
Alibaba Stock Gets a Target Price Cut. But It’s Still a Buy.
Text size Investors have been buying the big dip in Alibaba’s stock price. Greg Baker/AFP via Getty Images Analysts at Citigroup have slashed their target price on Alibaba stock—but they still s...
Chip shortage leaves Tesla and other electric car buyers in China waiting months for new vehicles
The ongoing global chip shortage has left car buyers in China waiting several months for newly purchased vehicles to arrive, as assemblers and component manufacturers struggle to keep up with demand. ...
American Semiconductor Is Taking A Step Towards U.S. Domestic Chip Packaging
Integrated circuit packages protect the silicon chips from the environment, and provide a way of … [+] connecting their circuits to the outside world. getty Widespread shortages of semiconductor...
Airbnb’s ‘Commitment To Human Rights’ Questioned By Two Congressmen Over Chinese Business Dealings
Topline Two Democratic congressmen ratcheted up the pressure on Airbnb on Friday over its business dealings in China’s Xinjiang Province and sponsorship of next month’s Beijing Olympics in a letter to...
As China readies for world debut of e-CNY, could this country be its first remittance partner
If there’s one country that started off 2022 with a lot of energy and a packed calendar, it was none other than China. After all, as the Beijing Winter Olympics draw closer, so does the launch day of ...
TGHKSWGF! Thank Goodness HK Stocks Were Green Friday! Week In Review
China Last Night KraneShares Week In Review Nearly 3 million electric vehicles were sold in China in 2021, according to full year sales data reported Monday. Tencent sold its $3 billion stake in South...
CBDCs: Mexico, China and other countries
Mexico could be the next country to launch its own CBDC (Central Bank Digital Currency). This 2022 could ultimately be the year of consecration of central bank digital currencies in different countrie...
China eyeing Digital Yuan launch in 2022
TL;DR Breakdown China may be eyeing to launch digital yuan in 2022. China integrates PBOC to payment platform, WeChat. China has integrated its digital currency Digital Yuan to online payment and chat...
Hong Kong Internet Stocks Outperform In A Rough Night In Asia
China Last Night KraneShares Key News Asian equities had a rough night following US equity weakness yesterday with an emphasis on tech/growth stocks going into tomorrow’s US payrolls and unemployment ...
Alibaba Stock Rises — as Other Tech Tumbles — Even as It Gets a Price Target Cut
Text size Alibaba investors were taken on a wild, ugly ride in 2021. Could 2022 be different? Greg Baker/AFP via Getty Images Tech stocks have been tumbling. In a surprise twist, Alibaba is doing rema...
Growth To Value Rotation Goes Global
China Last Night KraneShares Key News Asian equities were mixed overnight as value outperformed growth in the region following yesterday’s US tech wreck as Japan, India and SE Asia managed gains while...
China rolls out digital yuan wallet to foster further e-CNY adoption
China is actively pursuing its plans to launch a central bank digital currency (CBDC), with the latest development being the launch of a digital yuan wallet. A report unveiled this news on January 4, ...
Charlie Munger just doubled his bet on tech giant Alibaba to $71.5 million — try these 3 China plays instead to diversify your exposure
Charlie Munger just doubled his bet on tech giant Alibaba to $71.5 million — try these 3 China plays instead to diversify your exposure Warren Buffett is famous for getting “greedy when others a...
China launches the digital yuan wallet app
China is getting increasingly close to launching a digital state currency. The wallet for the digital yuan has been launched via app. The wallet for the digital yuan The app is called “e-CNY (pilot v...
HSBC to Sell 39% Stake of Its China Brokerage Joint Venture Partner
On January 5, HSBC Holdings plc, a UK multinational investment bank, announced plans to sell a majority of its stake in a China securities brokerage joint venture company. An exchange filing showed an...
‘China is uninvestable,’ says Bond king Jeffrey Gundlach
Investors may want to think twice about putting their money to work in China, contends DoubleLine founder Jeffrey Gundlach. “China is uninvestible, in my opinion, at this point,” the bond...
US Must Modernize with Blockchain & Crypto or Lose the Race to China: CryptoDad
Former chairman of the U.S. Commodity Futures Trading Commissions, Christopher Giancarlo, said that the U.S. is falling behind China’s technology race. The Communist-ruled nation is making significant...
China Evergrande Wants To Delay Early Redemption Of $700 Million Onshore Bonds
Aerial view of buildings on Ocean Flower Island, or Haihua Island, an artificial archipelago built … [+] by the Evergrande Group, on November 29, 2021 in Danzhou, Hainan Province of China. Zhu B...
Charlie Munger’s Firm Doubles Down on Alibaba Investment. Again.
Text size Charlie Munger Johannes Eisele/AFP via Getty Images Charlie Munger’s other firm has doubled down on an investment in Alibaba Group Holding for the second consecutive quarter. Munger is proba...
China Tech Selloff Deepens as Tencent Sale Spooks Traders
(Bloomberg) — China’s tech stocks fell once again Wednesday as firms backed by Tencent Holdings Ltd. came under pressure after it pared investment in the sector for a second time in two weeks. M...