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

China’s Pinduoduo quietly launches US e-commerce site Temu

China’s Pinduoduo quietly launches US e-commerce site Temu

Chinese e-commerce company Pinduoduo Inc. PDD 1.11% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more

China’s Pinduoduo quietly launches US e-commerce site Temu

China’s Pinduoduo quietly launches US e-commerce site Temu

Chinese e-commerce company Pinduoduo Inc. PDD 1.18% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more

Missfresh highlights issues facing Chinese online merchants

Missfresh highlights issues facing Chinese online merchants

China’s online grocery delivery market, where big tech companies and startups once competed fiercely, is facing a blow as companies struggle with continuous losses and cash shortages exacerbated by a slowing economy and tighter regulations. Missfresh one of China’s leading grocery delivery companies said last week that it has closed its main same-day grocery delivery … Read more

Tech stocks that are worth buying when earnings start

Tech stocks that are worth buying when earnings start

There are many good reasons not to buy technology stocks right now. And in the midst of a difficult economic environment, the coming earnings season is likely to signal more problems. But as experienced investors know, the time to buy shares is when conditions are worst. This is the time to follow the timeless advice … Read more

Alibaba, NIO shares rise after report, Ant Group OK’d to set up financial holding company

Alibaba, NIO shares rise after report, Ant Group OK’d to set up financial holding company

US-listed stocks in China-based companies saw large and broad gains in pre-market trading on Friday after Reuters reported that China’s central bank accepted Ant Group’s application to set up a financial holding company. It fueled the hope that China’s regulatory intervention was easing. iShares China Large-Cap Exchange Traded Fund FXI, -3.86% rose 4.1 pct. Among … Read more

China is facing growing pressure to level out its revision agreement with the United States

China is facing growing pressure to level out its revision agreement with the United States

After more than a decade of standing in the way of U.S. regulatory inspections of Chinese corporate auditors, Chinese authorities have been unusually vocal in recent months about their desire to address what has become a major stumbling block for overseas listed Chinese shares such as Alibaba Group Holder Ltd. and Baidu Inc. The change … Read more