Alibaba, Nio, Tencent and other Chinese stocks rise

Alibaba, Nio, Tencent and other Chinese stocks rise

Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … Read more

India investigates MG Motor as investigation into Chinese firms widens

India investigates MG Motor as investigation into Chinese firms widens

An MG emblem is displayed on an MG Hector sports utility vehicle (SUV) during the vehicle’s launch at Morris Garage’s flagship showroom in Gurugram, Haryana, India, Thursday, June 27, 2019. The launch of the Hector from the iconic brand MG, now owned by Chinese giant SAIC Motor Corp., marks the first Chinese entrant in a … Read more

Chinese stocks look cheap. But bargain hunters risk losing big.

Chinese stocks look cheap.  But bargain hunters risk losing big.

Chinese stocks look cheap. But bargain hunters risk losing big.

Chinese stocks are a screaming trade. Don’t buy them.

Chinese stocks are a screaming trade.  Don’t buy them.

Another brutal selloff for China’s tech giants presents US investors with a dangerous trade. Parts like Ali Baba are deeply discounted compared to their American counterparts. But “stocks” might be the wrong word to describe them. Cryptostock, maybe. Profits depend on some kind of economic fantasy that is becoming increasingly difficult to buy into. Two … Read more

Why investors are fleeing Chinese assets as Xi tightens his grip on power

Why investors are fleeing Chinese assets as Xi tightens his grip on power

China’s supreme leader Xi Jinping secured a groundbreaking third term on Sunday, installing a new Politburo Standing Committee with loyalists in a clean slate not seen since the era of Communist Party founder Mao Zedong. Financial markets were rattled by expectations that Xi’s policy agenda of strengthening national security and party political security would shift … Read more

Nio shares dip below $10, Alibaba hits 6 1/2-year low as Xi’s power move fuels fears

Nio shares dip below $10, Alibaba hits 6 1/2-year low as Xi’s power move fuels fears

US-listed shares of China-based companies were shaken on Monday as Chinese President Xi Jinping’s move to consolidate power fueled fears that current policies that have led to a slowing economy will continue. Chinese leader Xi was named over the weekend to a third five-year term as general secretary, ignoring the custom of stepping down after … Read more

GoTo in talks with Alibaba, SoftBank for $1 billion stake sale

GoTo in talks with Alibaba, SoftBank for $1 billion stake sale

GoTo has engaged Citigroup Inc. and Goldman Sachs Group Inc. along with local advisers to help deal with the potential sell-down by existing shareholders, the people said. Representatives for GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba did not respond to a request for comment.

Retailers, brands and technical platforms are betting big on live-streamed shopping in the US

Retailers, brands and technical platforms are betting big on live-streamed shopping in the US

Could live-streamed shopping become a big thing in the US? A number of retailers, brands and tech platforms are convinced that it can, despite a slow start. The practice, which adapts the QVC model of televised home shopping for the digital era, grew in popularity in the Asia-Pacific region before exploding in China during the … Read more

Retailers, brands and technical platforms are betting big on live-streamed shopping in the US

Retailers, brands and technical platforms are betting big on live-streamed shopping in the US

Could live-streamed shopping become a big thing in the US? A number of retailers, brands and tech platforms are convinced that it can, despite a slow start. The practice, which adapts the QVC model of televised home shopping for the digital era, grew in popularity in the Asia-Pacific region before exploding in China during the … Read more