After issuing convertible senior notes, will JD be followed by Ali?

JD issues convertible bonds, and Ali will follow suit. Who might be next? On Wednesday, Alibaba's Hong Kong stock fell by more than 5%. According to the news, people familiar with the matter said that Ali is considering issuing convertible bonds and plans to raise about 5 billion US dollars in capital. Earlier, on May 21, JD announced that it plans to issue convertible bonds with a total scale of 1.75 billion US dollars. After three consecutive days of decline, JD Hong Kong stocks fell by more than 4% today. JD said that the issuance of convertible bonds will enable it to use low financing costs (0.25% coupon rate) to speed up the share repurchase process at the current stock price. The conversion price is 45.7%, and the market price premium is about 35%. In response, HSBC said: Mutual

wallstreetcnMay 23 04:27 ET

The commodity boom came to an abrupt end! Basic metals fell across the board, copper and nickel fell sharply, and crude oil fell three times in a row

The minutes of the Federal Reserve meeting show that the Federal Reserve may postpone interest rate cuts due to continued inflation, thus suppressing market expectations of interest rate cuts, and crude oil prices fell in response. Lun Copper closed down 4.05%, while Lunn Nickel fell 4.4%. Some analysts pointed out that the main reason for the decline in copper prices may be related to investors starting to make a profit settlement after copper prices hit a record high, recent weakness in copper demand, and a possible increase in copper production in Peru in 2024.

wallstreetcnMay 22 19:15 ET

Tencent, IFlytek Cut Prices of AI Services, Following Alibaba, Baidu's Move - Report

Seeking AlphaMay 22 12:02 ET

Beishui Trends | Beishui Transaction's net purchase of 473 million Ideal Auto (02015) fell 20% after the results, domestic capital raised nearly HK$700 million due to the low

The Zhitong Finance App learned that on May 21, the Hong Kong Stock Exchange had a net purchase of HK$473 million, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$781 million, and the Hong Kong Stock Connect (Shenzhen) transaction had a net sale of HK$308 million. The individual stocks that Beishui Net bought the most were Bank of China (03988), Ideal Automobile-W (02015), and China Construction Bank (00939). The individual stocks sold the most by Beishui Net were Yingfu Fund (02800), Tencent (00700), and the Hong Kong Stock Exchange (00388). Hong Kong Stock Connect (Shanghai) active trading stocks Hong Kong Stock Connect (Shenzhen) active trading stocks, Beishui Capital continues to increase domestic bank positions

Zhitong FinanceMay 21 05:50 ET

Tencent's market capitalization is rushing to 4 trillion dollars. How long can the momentum last, and can “the king return”?

A tough battle.

wallstreetcnMay 21 05:01 ET

Tencent or the dark side of Investment Month continues to compete with Ali for the “No. 1 AI Investor”

On the 21st, according to all-weather technology news, the big model startup Moon's Dark Side is currently undergoing a new round of financing. Investors include Tencent and Gao Rong Venture Capital. If discussed, LLM startups with domestic valuations exceeding 1 billion dollars will basically have Ali and Tencent.

wallstreetcnMay 20 23:29 ET