Alibaba cofounder Jack Ma. Wang HE/Getty Images Billionaire Jack Ma is back to square one. The $3.4 billion gain to his wealth since the start of the year has all but evaporated, after Alibaba’s stock...
Tag: Pinduoduo
Baidu Busts A Move With Strong Q4 Results And A Buyback, Peace Proposal Coming?
China Last Night KraneShares Key News Asian equity markets were ALL down after US equity markets fell and Treasury yields rose yesterday as risk markets are taking the Fed tightening seriously. The As...
Chinese E-Commerce Tycoon Colin Huang Loses $3.1 Billion In One Day As Imminent Price War Spooks Investors
Pinduoduo founder Colin Huang (Photo by Qilai Shen/Bloomberg) © 2017 Bloomberg Finance LP E-commerce giants JD.com and Pinduoduo are on the cusp of a new price war, with the former pledging more than ...
Shanghai Breaks Out As “Competition Fears” & Strong Dollar Sink JD.com
China Last Night KraneShares Key News Asian equities were mixed overnight with Hong Kong underperforming on weakness in internet stocks. Worth pointing out that the Hang Seng and Hang Seng Tech gained...
How A U.S. Trade Loophole Called ‘De Minimis’ Is China’s ‘Free Trade Deal’
A worker makes clothes at a garment factory that supplies SHEIN, a cross-border fast fashion … [+] e-commerce company in Guangzhou. (Photo by Jade Gao / AFP) (Photo by JADE GAO/AFP via Getty Ima...
New Chinese-Owned Fast Fashion App Draws Comparisons (Good And Bad) To Shein
Topline You might have seen its Super Bowl ad or a Temu haul on TikTok as part of the aggressive marketing effort for the company that wants you to “shop like a billionaire,” resulting in millions of ...
Sequoia’s Neil Shen Tops Forbes China Ranking Of Best Venture Investors
Sequoia Capital China’s Neil Shen in 2019. (Photo by VCG/VCG via Getty Images) VCG via Getty Images Neil Shen, the founding partner of Sequoia Capital China, topped an annual list of China’s bes...
Guangzhou Traffic & Metro Usage Confirms New Government COVID Policies, Week In Review
China Last Night KraneShares Week in Review US and Hong Kong-listed internet stocks outperformed this week on reopening speculation and earnings. Pinduoduo and Bilibili reported better-than-expected Q...
In China’s Slumping Economy, Pinduoduo’s Reclusive Billionaire Founder Has Managed To Gain $15 Billion
Colin Huang, founder of Pinduoduo. Qilai Shen/Bloomberg China’s economic headwinds and a sweeping crackdown on private enterprises have battered the fortunes of many tech billionaires, but one mogul h...
China Reopening Plays Rise As Pinduoduo Beats In Q3 Financial Results
China Last Night KraneShares Key News Asian equities were largely lower though off their intra-day lows, except for India and the Philippines, which managed small gains while Malaysia was closed for a...
Pinduoduo Shares Pop As Q3 Earnings Breezes Past Expectations
China’s largest agriculture platform Pinduoduo Inc (NASDAQ: PDD), reported third-quarter FY22 revenue growth of 65% year-on-year to $4.99 billion, beating the consensus of $4.31 billion. Revenue...
Pinduoduo stock jumps toward a 1-year high after big profit and revenue beats
The U.S.-listed shares of Pinduoduo Inc. PDD, +13.76% shot up 10.1% toward a one-year high in premarket trading Monday, after the China-based mobile marketplace reported third-quarter profit and reven...
Pinduoduo at the blink of a breakout to $100. What to expect in the quarter earnings
When Pinduoduo Inc. (NASDAQ:PDD) last reported earnings, the stock saw increased investor interest. As Invezz reported, the company saw a 268% increase in net income on strong consumer demand and lowe...
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...
China E-Commerce Billionaire Richard Liu Settles Alleged Rape Case
JD.com Chairman Richard Liu in 2016. Photographer: Qilai Shen/Bloomberg © 2016 Bloomberg Finance LP China billionaire Richard Liu, founder and chairman of e-commerce site JD.com, has settled a lawsuit...
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 ...
Pinduoduo shares jump 10% after Q2 2022 earnings release
Pinduoduo Inc (NASDAQ: PDD) is up 10% after announcing its Q2 2022 unaudited financial results. The company announced revenue of $4.69 million, representing a YoY increase of 36%. The rise was princip...
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...
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...
Chinese E-Commerce Mogul Gains $3 Billion In One Day Despite Sluggish Economy
Colin Huang, the founder of Pinduoduo, at the company’s office in Shanghai, China. Qilai Shen/Bloomberg Colin Huang, the reclusive billionaire behind Pinduoduo, saw his wealth surge by $3 billio...
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...
Catalent, Pinduoduo, Netflix and others
Check out the companies making headlines before the bell: Catalent (CTLT) – The drug delivery and manufacturing technology company beat bottom line estimates for its latest quarter. However, its reven...
Pinduoduo stock shoots up after profit more than triples, as consumer sentiment recovers
Shares of Pinduoduo Inc. PDD, -3.78% shot up 7.4% in premarket trading Monday, after the China-based company that connects agricultural producers with consumers reported second-quarter profit that mor...
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 ...
China Stocks Drop In U.S. Ahead Of Fed Action On Inflation; Alibaba, BiliBili Plunge 10%
It was a rough day for U.S. investors in China stocks. (Photo by Noam Galai/Getty Images) Getty Images Shares in many of China’s best-known companies plunged on the Nasdaq and New York Stock Exchange ...
Ant IPO, Bilibili Q1, 618 Event, Nio Q1 & Inclusion
China Last Night KraneShares Key News Asian equities were lower overnight, less India as Hong Kong internet names pulled back after yesterday’s monster move (or, as my Boston friends would say, Monsta...
Pinduoduo is beginning a bullish move and investors could gain 45% in a month
Since the highs of $210 in February 2021, Pinduoduo Inc. (NASDAQ:PDD) has failed to replicate gains. The stock crashed to trade at $23 in March this year. The last time the stock was trading at $23 wa...
Pinduoduo Beats Estimates, Hong Kong Cheers Internet Earnings, Week In Review
China Last Night KraneShares Week in Review Asian equities had a relatively upbeat week overall as President Biden visited the region and China internet earnings season kicked off with a few surprises...
Alibaba & Baidu Beat!
China Last Night KraneShares Key News Asian equities were mixed overnight as Indonesia, like many European markets, was closed for Ascension Day. The State Council held a conference call with a rumore...
Big Lots, Hibbett, Pinduoduo and others
Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earning...