Alibaba shares – Charm

China’s top tech stocks add $439 billion as ‘Mag Seven’ sink

Cs news4 months ago06 mins

A $439 billion rally in Chinese tech megacaps this year has left their once-unbeatable US peers in the dust, an outperformance that many investors say has room to extend. An equal-weighted basket of China’s seven tech heavyweights including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — dubbed the “7 titans” by Societe Generale SA…

Xi-Jack Ma Chat Seen as Next Catalyst for Blistering China Rally

Cs news5 months ago5 months ago07 mins

(Bloomberg) — A potential encounter this week between President Xi Jinping and e-commerce icon Jack Ma, coming after a blistering run by tech shares, could be the next catalyst to extend the rally in China’s stocks. Most Read from Bloomberg Prominent entrepreneurs including Ma have been invited to meet the nation’s top leaders, people familiar…