Alibaba Group to Divest Stake in Baozun
Alibaba Group Holding (HKG:9988) has agreed to sell its entire stake in Baozun (HKG:9991) to Champion Kerry Inc., Baozun said in a Thursday filing on the Hong Kong bourse. Alibaba owns approximately 1
More Chinese Tech Companies Could Join Convertible Bond Frenzy
0611 GMT - More Chinese companies with large dollar debt maturities in the next two years, relatively small offshore dollar cash and cash flow, and overseas expansion plans could join the recent conve
Express News | NYSE Order Imbalance 323212.0 Shares on Buy Side
Express News | U.S.-Listed Shares of Alibaba Down 3%, JD.com off 2.8%, PDD Holdings off 1.5%
Express News | Kraneshares CSI China Internet ETF Down 2.9%, Ishares China Large Cap ETF off 2.4%
Express News | China Adrs Fall Premarket After Survey Shows China's Factory Activity Unexpectedly Dips in May
[Broker Focus] Anxin International: For the Internet stock market, pay more attention to factors other than performance, such as shareholder returns, dividend rates, increases or decreases in holdings of major shareholders, etc.
Jinwu Financial News | Anxin International reports that recent stock prices and fundamental characteristics of Internet stocks: financial performance and management expectations are not too many surprises in the current macro context; profit improvements are generally superior to revenue improvements (from horse racing to intensive farming); the market pays more attention to factors other than performance: shareholder returns, dividend rates, increase or decrease in majority shareholders' holdings (typical: Ali (09988), Tencent (00700), Pinduoduo). The bank's overall performance outlook for the second quarter of the Internet company: Tencent, Pinduoduo, Xiaomi (01810), and Kuaishou (01024) are expected to continue to grow at high profits; high dividends are low
[Broker Focus] Dongxing Securities maintains Alibaba's (09988) “Highly Recommended” rating, indicating that the competitiveness of its e-commerce and cloud computing business will stabilize, moderate and improve
Jinwu Financial News | According to Dongxing Securities Research, Alibaba (09988) achieved revenue of 211.9 billion yuan in 2024Q1, an increase of 7% over the previous year. The company achieved a year-on-year double-digit increase in online GMV and order volume during the quarter. The core is that the company continues to focus on improving the overall e-commerce shopping experience of users to meet multi-level consumer demand. Adjusted net profit of 24.418 billion yuan, a year-on-year decrease of 11%. The net loss was mainly due to changes in the market value of the listed company's equity investment held by the company, while the same period last year was net income. According to the bank, the company's strong investment in strategic priority businesses is already beginning to be seen
[Hong Kong Stock Connect] Minsheng Bank (01988) and Alibaba Cloud will cooperate on various topics such as big model technology and application
Jinwu Financial News | Recently, China Minsheng Bank and Alibaba Cloud signed an agreement in Hangzhou to jointly launch joint innovation laboratory cooperation. The two sides will continue to promote innovation and application of financial-grade cloud-native technology, jointly explore the implementation of the Tongyi Big Model, and raise the level of digital intelligence in the banking industry with “cloud+AI”. According to this joint innovation agreement, the two sides will combine the superior resources and strengths of both parties to carry out research practices and innovative exploration on various topics such as cloud-native R&D platforms, container computing, large model technology and applications to achieve a win-win situation.
VOLUNTARY ANNOUNCEMENT DIVIDEND DISTRIBUTION LOGISTICS
Express News | NYSE Order Imbalance 340384.0 Shares on Sell Side
Express News | Alibaba Group: Announces Completion of US$5 Billion Offering of Convertible Senior Notes
[Special Agent V] Ye Shangzhi: Hong Kong stocks still tend to look for support downward
Jinwu Financial News | On May 29, the Hong Kong stock market continued its adjusted trend. The Hang Seng Index fell more than 340 points and closed below the 18,500 point level. Note that there is still a downward trend of seeking support. The highest level of 18,290 points in the fourth quarter of last year could be the current technical support level of the Hang Seng Index chart, which cannot be lost. Otherwise, there is a chance that short-term weakness will increase further. On the market, leading Internet stocks led the decline. Among them, Tencent (00700) fell 2.42%, Meituan-W (03690) fell 5.29%, and Alibaba-SW (09988) fell 3.45%. The three stocks combined
Alibaba-SW (09988.HK): Completed issuance of convertible senior notes
Gelonghui, May 30 | Alibaba-SW (09988.HK) announced that it has submitted Form 6-K to the US Securities and Exchange Commission (“SEC”). Regarding the company's completed private equity issuance of 5 billion US dollars of convertible senior notes (“notes”) with an interest rate of 0.50% due in 2031, this includes the initial purchaser's full exercise of the right to purchase additional notes with a total principal amount of up to US$500 million (“Additional Purchase Rights”). As far as additional purchasing rights are concerned, the company has used the sale of additional notes to raise capital of US$63.75 million, and one or more options
Express News | Alibaba Group - Completion of Its Private Offering of US$5 Bln Aggregate Principal Amount of 0.50% Convertible Senior Notes Due 2031
Ali (09988) and JD (09618) issue convertible bonds one after another, UBS: or invite more companies to follow suit
The Zhitong Finance App learned that recently, Chinese internet giants JD (09618) and Alibaba (09988) have successively issued huge amounts of convertible notes. Zhang Qianjia, head of UBS's Asia Pacific private equity finance market, said that more companies may use convertible stock certificate products to finance. She pointed out that the two giant companies have clearly stated that they will repurchase shares after financing, which will support the company's stock price. According to reports, on May 21, JD issued an announcement on the Hong Kong Stock Exchange. The company announced that it plans to sell convertible senior notes due in 2029 with a total principal amount of 1.5 billion US dollars. On May 23, Alibaba announced the issuance of convertible senior notes
China Stocks' Rally Sustainability to Hinge on Policy Delivery: Goldman
Kinger Lau, chief China equity strategy at Goldman Sachs, discusses the outlook for the nation's stocks and the opportunities he sees. He speaks on "Bloomberg: The China Show."
SciNet shares, Pusheng Ali Health (00241), rose 12.05%, and UBS's views on Chinese stocks turned positive, favoring Technet stocks, etc.
Jinwu Financial News | SciNet stocks rose 12.05%, JD Health (06618) rose 5.15%, Shell (02423) rose 2.5%, Baidu (09888) rose 1.22%, followed by Tencent (00700), Bilili (09626), and Alibaba (09988).
Shopee and Lazada's Indonesian subsidiary investigated by Indonesian regulators for allegedly violating anti-competitive rules
Indonesia's antitrust agency said on Monday that it is currently investigating local subsidiaries of e-commerce platforms Shopee and Lazada for allegedly violating anti-competitive rules.
Top 20 US stock turnover on May 24: Nvidia reached a new high, with a market capitalization exceeding 2.6 trillion US dollars
On Friday, Nvidia, the number one in US stock turnover, closed 2.57% higher, and its stock price reached a record high of 44.274 billion US dollars, with a market capitalization exceeding 2.6 trillion US dollars. The company's revenue for the first fiscal quarter increased 262% year over year to US$26.044 billion. Data center revenue increased 427% year over year to US$22.6 billion, with market expectations of US$22.1 billion, a record high. Net profit increased 628% year over year to US$14.881 billion. At the same time, Nvidia also announced a stock split plan of 1 split of 10. The company expects revenue of US$28 billion for the second fiscal quarter, higher than the London Stock Exchange Group (LSEG)
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