E-commerce platform operator PDD Holdings and securities brokerage Futu Holdings are among 27 US-listed Chinese firms that could meet the listing requirements in Hong Kong, leaving at least 170 others at risk of being ejected from American stock exchanges, Goldman Sachs said. These 27 firms, which have a combined market capitalisation of US$191 billion, could…
US individuals are more likely than institutional investors to sell American depositary receipts (ADRs) of Chinese companies if the Trump administration pursues a decoupling of the world’s two biggest stock markets, according to Goldman Sachs. American retail traders held about US$370 billion worth of ADRs, the US investment bank said in a report on Wednesday,…
DeepSeek Impact? Billionaire David Tepper Bets Big on China, Increases Stakes in Alibaba, JD.com, And PDD U.S.-listed Chinese stocks Alibaba Group Holding (NASDAQ:BABA), Baidu, Inc (NASDAQ:BIDU), JD.com, Inc (NASDAQ: JD), PDD Holdings Inc (NASDAQ: PDD), NIO Inc (NYSE: NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE: XPEV) gave up their gains Tuesday after the Trump administration decided to delay the suspension of duty-free entry for packages valued under $800. The…
Temu tops 2024 Apple App Store downloads, surpassing TikTok and ChatGPT in popularity. The Chinese e-commerce app offers big discounts on a wide range of products. Americans appear to be exploring budget-friendly options through in-app deals. The App Store favorites of 2024 include social media platforms and one popular AI assistant, but the most downloaded…
China stocks, including Alibaba (BABA), JD.com (JD), NIO (NIO), PDD Holdings (PDD), and Xpeng (XPEV), rise after officials indicated a shift in economic policy. The country says it will embrace a “moderately loose” monetary policy and take a “more proactive” approach to fiscal stimulus policy before President-elect Donald Trump’s return to the White House. KraneShares…
Food delivery giant Meituan is looking to launch its drone delivery services in Hong Kong, joining a slew of Chinese tech giants that are searching for new growth in the city amid stiff competition on the mainland. Meituan aims to be one of the first companies to operate a drone delivery fleet in Hong Kong,…
JAKARTA (Reuters) – Indonesia has asked Alphabet’s Google and Apple to block Chinese fast fashion e-commerce firm Temu in their application stores in the country so it cannot be downloaded, a minister said on Friday. The move was intended to pre-emptively protect the country’s small and medium-sized businesses against cheap products being offered by PDD…
Another day and more news about Chinese stocks. The group ripped higher after Chinese leaders pledged further support for the Chinese economy following an unexpected meeting Thursday. Shares of the fast food company Yum China (NYSE: YUMC) surged as much as 20% this morning before giving away some of those gains. Meanwhile, shares of the e-commerce…