Two citizens walk past Alibaba’s headquarters in Shanghai, China, on January 16, 2025. (Photo by … [+] Costfoto/NurPhoto via Getty Images) NurPhoto via Getty Images Chinese e-commerce and cloud behemoth Alibaba stock stock has gained about 12% since early 2024 but remains down over 70% from its 2020 highs. The stock trades at a reasonable…
CLN KraneShares Key News Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains. I would have thought that a 10% tariff was expected or would have been cheered, as 10% is better than 60%, which is…
Tycoon Michael Kadoorie is spearheading a drive to raise US$50 million to promote Hong Kong through a worldwide PR campaign, the Post has learned, two months after a Beijing official told local business leaders to take “concrete actions” to support the city. Sources said on Thursday that Kadoorie, chairman of CLP Group, the city’s largest…
Tycoon Michael Kadoorie is spearheading a drive to raise US$50 million to promote Hong Kong through a worldwide PR campaign, the Post has learned, two months after a Beijing official told local business leaders to take “concrete actions” to support the city. Sources said on Thursday that Kadoorie, chairman of CLP Group, the city’s largest…
CLN KraneShares Key News Asian equities were mixed overnight as South Korea bounced after yesterday’s 52-week low. US-listed China ADRs and ETFs had a very strong day yesterday following Politburo’s very strongly worded release, including “proactive fiscal policy” and “loose monetary policy.” A key point is the release occurred after the Mainland’s 3 PM close,…
CLN KraneShares Key News After the Mainland’s close, a statement was released from today’s meeting of the Politburo, which is the Political Bureau of the CPC Central Committee, i.e. the highest echelon of China’s government, which was presided over by President Xi. The statement said that the body would “implement more proactive fiscal policies and…
Chinese Big Tech firms ByteDance, Alibaba Group Holding and Tencent Holdings are looking to recruit some of the world’s brightest minds in artificial intelligence (AI) with their enhanced presence at this year’s Annual Conference on Neural Information Processing Systems (NeurIPS), often referred to as the “Olympics of AI”. At NeurIPS to be held in Vancouver,…
CLN KraneShares Week in Review Asian equities were mixed for the week as Korea and Pakistan outperformed while Hong Kong and Mainland China underperformed. It was a busy week for internet earnings, as we had Q3 earnings releases from Trip.com, which beat expectations, Kuaishou, which beat expectations, fintech Qifu Technology, which beat, and PDD, which…
China has created a new specialist committee on artificial intelligence (AI), as part of the country’s vision for the development and governance of the technology, amid simmering tensions between Beijing and Washington. The AI Experts Committee will help spearhead efforts to promote the country’s perspective on how the fast-growing technology should be governed, according to…
HONG KONG — Alibaba Group reported a disappointing quarterly performance on Friday amid weak consumption in China. Revenue grew 5% on the year to 236.5 billion yuan ($33.7 billion) in July-September, missing the average estimate of 238.92 billion yuan by analysts surveyed by LSEG. Net income was 43.55 billion yuan, an increase of 63% year-over-year….