Overnight news: mixed ups and downs in US stocks, Apple is expected to face charges related to the EU Digital Markets Act, US consumer confidence index fell to a seven-month low.
For more global financial news, please visit 7x24-hour real-time financial news. Market close: US stocks rose and fell on Friday, Nasdaq hit a new high for the fifth consecutive day. Most popular Chinese concept stocks fell on Friday, with Alibaba down 3.1% and Li Auto down 3.3%. Top 20 US stock market turnover on June 14: Nvidia has risen for eight consecutive weeks, with a market cap surpassing 3.2 trillion US dollars. US WTI crude oil fell 0.2% on Friday, up 3.9% this week. Major European stock indices fell collectively, with the German DAX30 index down 1.42%. Macro: US consumer confidence index hits seven-month low as high prices loom.
IDC: China's financial cloud market is expected to reach 4.72 billion US dollars in the second half of 2023, with a year-on-year growth rate of 2.1%.
According to the latest "China Financial Cloud Market (2023 H2) Tracking" report released by IDC, the scale of China's financial cloud market reached $4.72 billion in the second half of 2023, a year-on-year increase of 2.1% (calculated in RMB, it was 34.06 billion yuan, a year-on-year increase of 5.6%).
Express News | South Korea's Consumer Safety Agency Says 27 Out of 88 Tested Products Sold by Foreign E-Commerce Platforms Did Not Meet Safety Standards
Market cap is heading towards trillions of dollars! Kai-Fu Lee: Excellent companies in China also have this opportunity.
From contemporary amperex technology and Huawei to Alibaba and Tencent, they all have the opportunity to become trillion-dollar market cap companies.
Alibaba's New E-Commerce Strategy Shows Some Success, But Competition Gets Tougher
By Tracy Qu Alibaba's strategic shift to prioritize long-term growth over substantial near-term profits is showing some early success, but analysts say increasing competition could prevent the e-comm
[Brokerage Focus] Citic Sec points out that the overall growth rate of consumer large-cap is flat, but the e-commerce large-cap is exhibiting significant excess growth.
Jingu Financial Information | Citic Securities stated that the e-commerce platform game continues. In the first quarter of 2024, the social and physical e-commerce ratio increased by 4.7%/11.6% year-on-year, and the overall consumption market growth was relatively flat. However, the e-commerce market showed a significant excess growth rate. The bank believes that the head platforms strengthen customer acquisition and price competition may push the online rate to accelerate in stages throughout the year. On the platform side, in the first quarter, Douyin and PDD Holdings (PDD US) GMVs still showed a significant excess growth rate, while Alibaba (09988) and JD.com (09618) growth rates rebounded. Both Taotian and JD.com actively reduced the monetization rate in the first quarter in order to pursue GMV growth,
Market Chatter: Alibaba's Taobao to Enlist Influential CEOs to Perform Live Selling During 618 Shopping Festival
Alibaba Group Holding's (HKG:9988) Taobao e-commerce site will enlist well-known chief executives to sell their products via livestream on its platform, Yicai Global reported Friday. The program, call
BABA-SW To Go Ex-Dividend On June 12th, 2024 With 0.97641 HKD Dividend Per Share And 0.64443 HKD Special Dividend Per Share
June 11th - $BABA-SW(09988.HK)$ is trading ex-dividend on June 12th, 2024. Shareholders of record on June 13th, 2024 will receive 0.97641 HKD dividend per share and 0.64443 HKD special dividend pe
Alibaba's Subsidiary Sells 72.5 Million Shares in Singapore Post
Alibaba Group's (HKG:9988) subsidiary, Alibaba Investment, sold nearly 73 million shares in Singapore Post (SGX:S08) for SG$33.3 million for SG$0.46 per share on Friday, according to a filing with the
Express News | Alibaba.com Teams up With Uefa Euro 2024™ as Official B2B E-Commerce Partner to Elevate SME Success
Alibaba Sells 72.5M Singapore Post Shares Worth S$33.30M
Alibaba Sells 72.5M Singapore Post Shares Worth S$33.30M
Alibaba Cuts Stakes in Singapore Post to 11.34% From 14.56%
Alibaba Cuts Stakes in Singapore Post to 11.34% From 14.56%
Qingyan data: Tmall's beauty category grew by 69.2% year-on-year in May, ranking first among e-commerce platforms.
As the 618 promotion progresses, data from various platforms have been released. According to data from Qingyan, in May, Taobao Tmall's beauty sales (final transaction amount minus returns) increased by 69.2% year-on-year and 40.9% month-on-month, ranking first among mainstream e-commerce platforms and far surpassing other platforms. Specifically, in May, 48 beauty brands on Tmall broke 100 million sales, an increase of 68.8% compared to the same period last year when there were only 15. All brands in the TOP20 achieved double-digit year-on-year and month-on-month growth, showing a strong growth momentum. According to public reports, the speed of brands breaking 100 million sales during this year's Tmall 618 exceeded expectations.
Alibaba Group Holding Is Maintained at Buy by Loop Capital
Alibaba Group Holding Is Maintained at Buy by Loop Capital
Alibaba Group Holding Price Target Raised to $115.00/Share From $111.00 by Loop Capital
Alibaba Group Holding Price Target Raised to $115.00/Share From $111.00 by Loop Capital
Express News | Alibaba.com Officially Launches Alibaba Guaranteed: Making Global Sourcing as Simple as Online Shopping
Large models have become new growth points for intelligent terminals, with major mobile phone and car manufacturers deeply cooperating with Alibaba Cloud.
Large models are accelerating the reshaping of Asia vets terminals.
Express News | NYSE Order Imbalance 143828.0 Shares on Buy Side
Hang Seng Index Likely to Consolidate Between 18500-20000 Near Term
0642 GMT - Hong Kong's Hang Seng Index is likely to consolidate between 18500 and 20000 in the near term, according to CCB International analysts Cliff Zhao and Wilson Zou in a research note. They say
Overnight News: IMF warns that US tariff policy poses risks to global economy. Musk will switch to using X instead of the Nvidia chip set to be ordered for Tesla.
For more global financial information, please visit 24/7 real-time financial news. Market closing: US stocks closed slightly higher, with the Dow up 140 points. Labor market data was in focus. June 4th top 20 transactions in US stocks: Nvidia is bullish on brokers again and stock prices hit new highs. US oil fell 1.3% on Tuesday, falling for the fifth consecutive trading day. On Tuesday, popular China concept stocks rose and fell. Alibaba rose 0.7%, while Taiwan Semiconductor fell 1.6%. Major European stock indices fell collectively, with the German DAX30 index down 1.12%. Macro: US job vacancies fell to their lowest level since February 2021, below all economic levels.
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