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...
Tag: Tencent
Pfizer’s Paxlovid Approved In China, State Council Emphasizes Domestic Consumption
China Last Night KraneShares Key News Asian equities were higher following yesterday’s lighter-than-anticipated US CPI print (sarcastically, only 7.1%!) though volumes were light in advance of today’s...
Hong Kong Eliminates Inbound Travel Restrictions
China Last Night KraneShares Key News Asian equities were broadly higher as China, Taiwan, and South Korea underperformed though volumes were light in advance of today’s US CPI release and tomorrow’s ...
China Stocks Climb Again; Investors See More Benefits Than Risk In Covid Policy Shift
Hope among stock investors for improved economic growth in China has helped to lift the fortune of … [+] the country’s third-richest man, Tencent Holdings CEO Ma Huateng, by $11 billion si...
The Real Estate Phoenix Rises From The Ashes, Week In Review
Week in Review Asian equity markets had a mixed performance week as Hong Kong, and Mainland China were the only markets to end the week higher on China reopening and the real estate rebound. China’s P...
Hong Kong Internet Rally Goes Free Solo On The Wall Of Worry
China Last Night KraneShares Key News Asian equities were mixed/mainly lower, as Hong Kong outperformed significantly, India managed a small gain, and the Philippines closed for the Feast of the Immac...
Politburo Emphasizes Domestic Consumption As China Trade Data Gives Global Economy Thumbs Down
China Last Night KraneShares Key News While not a day that will live in infamy, Asian equities had a rough outing following the Nasdaq’s -2% drop yesterday, with the Goldman Sachs CEO’s pessimis...
Mainland Investors Buy The Dip As COVID Rollback Rolls On
China Last Night KraneShares Key News Asian equities were largely lower, as the Philippines had a great day and China posted a small gain. Hong Kong was off overnight though not nearly as much as US l...
Internet & Reopening Plays Roll On
China Last Night KraneShares Key News Asian equities were mostly higher as Hong Kong and Mainland China outperformed while Thailand was on holiday for the late King Bhumibol Adulyadej’s Birthday. The ...
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...
Markets Cheer As Vice Premier Confirms COVID Restriction Dial Back
China Last Night KraneShares Key News Asian equities cheered Powell’s dovish speech yesterday while Indonesia announced a trading tax which investors gave a Bronx cheer/the thumbs down on. Vice ...
Reopening Drives Market Higher, Ignoring COVID Cases And PMIs
China Last Night KraneShares Key News Asian equity markets were largely higher as Hong Kong outperformed, Japan underperformed, and the Philippines were off for Bonifacio Day in honor of national hero...
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...
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...
Tencent Music stock jumps after J.P. Morgan recommends investors buy
The U.S.-listed shares of Tencent Music Entertainment Group TME, +4.17% 1698, +2.24% surged 3.6% in afternoon trading Tuesday, after J.P. Morgan recommended investors buy into the China-based streamin...
JD.Com Goes Aggressive On China’s Common Prosperity Drive After Alibaba, Tencent
JD.Com, Inc (NASDAQ: JD) slashed salaries for about 2,000 managers by 10% – 20% and diverted some of those savings toward a $1.4 billion employee benefits fund, aligning China’s No. 2 onli...
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...
JD Beats, Hong Kong Tech Concludes Strong Week, Week In Review
China Last Night KraneShares Week in Review Asian equities were mixed this week while Hong Kong-listed internet and real estate stocks outperformed. President Biden met with President Xi on the sideli...
PCAOB’s Finish Line, Dynamic Zero Reiterated, Alibaba & NetEase Report
China Last Night KraneShares Alibaba & NetEase Q3 Earnings Overview Alibaba (BABA US, 9998 HK) reported before the US market open this morning. Zero COVID policy continued to weigh on domestic con...
Tencent international gaming revenue increases while domestic earnings fall
Tencent, the world’s largest gaming company, saw a 3% increase in its international gaming revenue to $1.65 billion in the third quarter as domestic Chinese revenue dropped 7% following two year...
Tencent’s Q3 Largely Beats While Gifting Meituan Shares To Shareholders
China Last Night KraneShares Key News Asian equity markets posted small losses except for India which managed a small gain. The Asia dollar posted a loss of -0.23% versus the US dollar breaking a four...
Hong Kong Internet Stocks Gain On Biden Xi Meeting
China Last Night KraneShares Key News Asian equities had a good day as China and Hong Kong outperformed following President Biden and Xi’s positive get-together in Bali along with continued support fo...
Alibaba, Tencent, lead Hong Kong tech stocks higher after upbeat China online retail sales data
Shares of Chinese internet giants jumped in Hong Kong, after official data showed better-than-expected October retail sales in the world’s second-largest economy. Alibaba Group Holding Ltd. BABA, +0.7...
Asia Earnings Week Ahead: Alibaba, Tencent, Japan’s Megabanks
(Bloomberg) — Asia’s key earnings may deliver a mixed bag this week, with Chinese retail giant Alibaba expected to widen its profit margin while Japan’s three biggest banks may be left nursing l...
Markets Cheer Dynamic Zero COVID, Major City Mobility Tracker, Week In Review
China Last Night KraneShares Week in Review Auditors from the US Public Company Accounting Oversight Board (PCAOB) have left Hong Kong, which investors took as a positive sign that they had a successf...
State Council Balances Zero Covid & The Economy As Guangzhou Takes Center Stage
China Last Night KraneShares Key News Asian equities were a sea of red, as Singapore and Malaysia managed small gains. The onshore versus offshore dynamic played out again overnight as offshore China,...
China COVID Cases Increase Though No Lockdowns
China Last Night KraneShares Key News Asian equity markets were mixed as Japan and South Korea outperformed while India had the day off for Guru Nanak Jayanti which celebrates the birth of the first S...
Hong Kong Rallies On Incremental Loosening Of Zero COVID
China Last Night Kraneshares Key News Asian equities had a nice start to the week as Hong Kong outperformed to the upside. Investors continue to read the tea leaves on China’s reopening as small, incr...
BYD Powers EV Ecosystem, Policy Support For Internet Companies Articulated
China Last Night KraneShares Key News Asian equities were largely higher overnight except for Mainland China and Hong Kong, which were mixed. Over the weekend, China’s State Council recommended eight ...
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...