Text size Hong Kong’s Hang Seng index fell more than 3% on the week to reach its lowest level since October 2011. Bloomberg Hong Kong stocks ended a bleak week down more than 1% Friday, pushing ...
Tag: JD.com
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...
US Dollar Weighs On Global Risk Assets, Hong Kong Opens To Visitors, Week In Review
China Last Night KraneShares Week in Review The Public Company Accounting Oversight Board (PCAOB) began the process of reviewing the audit books of US-listed Chinese companies on Monday by meeting wit...
JD.com Billionaire Founder Richard Liu Gives Up Stakes In Healthcare, Logistics Affiliates Amid China’s Regulatory Crackdown
JD.com’s Richard Liu Lintao Zhang/Getty Images Richard Liu, the billionaire who founded e-commerce giant JD.com, gave up all his shares in two affiliated companies, in the latest move by a Chine...
Hang Seng & Shanghai Composite Approach Key Levels For Policy Support
China Last Night KraneShares Key News Asian equities were largely off on light volume though a few countries managed small gains. Australia avoided the Fed and Putin’s escalation induced risk-of...
Apple Suppliers Off As Tencent Denies Divestment Article
China Last Night KraneShares Key News Asia was risk off on light volumes before today’s Fed rate hike and more saber-rattling from Putin, which led to China calling for a ceasefire. Hong Kong-listed i...
Hong Kong Reopening Announced Along With Pro-Consumption Policies
China Last Night KraneShares Key News Asian equities had a positive day on light volumes led by growth stocks across the region. The Hong Kong government announced ending its hotel quarantine for fore...
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...
PCAOB Begins Audit Reviews
China Last Night KraneShares Key News Asian equity markets closed lower to start the week in anticipation of the US Federal Reserve hiking interest rates another 75 basis points. However, India manage...
Dow Futures Fall as Wall Street Anticipates Another Big Rate Hike From the Fed
Text size AFP via Getty Images Stock futures traded lower Monday in a week that is expected to see the Federal Reserve raise interest rates by another three-quarters of a point in its effort to stamp ...
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...
Moonshot Weighs On Wuxi While Nio Fans Rejoice In ET5 Launch
China Last Night KraneShares Key News Asian equities were largely higher while Hong Kong was off as the Asia Dollar Index increased overnight. Hong Kong and Chinese biotech stocks were hit hard after ...
Mainland China, Hong Kong Stock Exchanges Closed For Mid-Autumn Festival
Stock exchanges in mainland China and Hong Kong are closed in connection with the Mid-Autumn … [+] Festival today. Photographer: Qilai Shen/Bloomberg © 2019 Bloomberg Finance LP Stock exchanges ...
Prosus Selling Weighs On Tencent Despite Buybacks
China Last Night KraneShares Key News Asian equities cheered the US dollar’s fall as it approached big psychological numbers such as China’s CNY at 7 and the Japanese Yen nearing 150. Pure speculation...
Mainland Rises On PBOC’s Currency Intervention
China Last Night KraneShares Key News Asian equities had a mixed night on light volumes following an off day yesterday. Media headlines are more negative than usual as COVID lockdowns in Chengdu and n...
Chinese E-Commerce Companies Suffer as Economy Sours
Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce com...
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...
US Dollar Strength Weighs On Asia
China Last Night KraneShares Key News Asian equity markets had a poor start to September following MSCI’s rebalance at yesterday’s close. The US $ gained again versus Asian currencies as the Bloomberg...
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 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...
HFCAA First Step Audit Agreement Reached
China Last Night KraneShares This morning, the SEC, PCAOB, and CSRC, in conjunction with the Ministry of Finance, released statements announcing the signing of a Statement of Protocol allowing the PCA...
Alibaba, JD.com Rising on Report of Resolution to SEC Delisting Issue
Text size Alibaba stock rose more than 8% following the report. AFP/Getty Images Stock in Alibaba Group and Tencent Holdings took off on Thursday after The Wall Street Journal reported that security r...
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...
Hong Kong’s Typhoon Tears Internet Shorts To Shreds As Alibaba And JD.com Rise
China Last Night KraneShares Key News Asian equities had a good day with Hong Kong having a fantastic day despite the morning session, 9:30 to noon followed by a one-hour lunch break before afternoon ...
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...
JD.com Beats Expectations in Q2 2022 but Reports Lowest Annual Revenue Growth on Record
For Q3 2022, JD.com is predicting a decline in the revenue. But it is too early now to say how it will go, as the company’s performance will partially depend on the economic situation in China. China’...
JD.com & CATL Results Beat Expectations
China Last Night KraneShares Key News Asian equities were largely lower with India, Thailand, and Indonesia outperforming. The real action took place after the market’s close with a multitude companie...
Alibaba Confirms TikTok Partnership, Loan Prime Rate Sees Asymmetric Cut
China Last Night KraneShares Key News Asian equities had a rough start to the week following Friday’s US equity selloff except for China, Singapore, and New Zealand, which managed positive returns tod...
Tencent Rumored Meituan Sale Weighs On Hong Kong, Can The China Real Estate Phoenix Rise From The Ashes?
China Last Night KraneShares Key News Asian equities were largely higher as the Philippines had a strong day while Japan and Hong Kong were off. Hong Kong was up through mid-day/intra-day with a high ...