China Issues 95 Game Licenses for April, Including for Tencent's Carbon Island and NetEase's Broken Land
PDD Holdings Full Year 2023 Earnings: Beats Expectations
Delivery Hero Shares Slump After Report That Meituan Plans Saudi Launch
By Helena Smolak Delivery Hero's shares slumped after Bloomberg reported that China's Meituan is set to debut in Saudi Arabia with its app KeeTa, a move analysts view as a competitive threat to the G
Express News | Ishares China Large Cap ETF up 1.6%, Kraneshares CSI China Internet ETF up 2.5%
Express News | NetEase up 2.1%, Baidu up 1.2%, PDD Holdings up 0.9%
Crude And Gold Trade Higher; Major Asia Indexes And Europe Rise - Global Markets Today While US Slept
On Thursday, April 25th, the U.S. stock markets closed lower, impacted by surprising data indicating sluggish U.S. economic expansion and ongoing inflation. This downturn was exacerbated by a broad se
North and South Water | Rare! Nanshui Net bought 22.4 billion A shares, bucking the trend and reducing bank stock positions; Beishui continued to increase its holdings at the Bank of China and the Hong Kong Stock Exchange
Northbound's net purchase of A-shares was $22.4 billion, and Southbound's net purchase of Hong Kong shares was HK$1,174 billion.
Illustration丨Southbound Capital increased Bank of China positions for 7 consecutive days and reduced positions with Meituan for 4 consecutive days
Southwest Capital made net purchases of HK$1,174 billion in Hong Kong stocks today, including net purchases of Bank of China at $888 million, Kuaishou at $500 million, and HKEx at $116 million; net sales of Meituan at $760 million, HSBC Holdings at $344 million, and CNOOC at $167 million. According to statistics, Southbound Capital has increased its holdings with the Bank of China for 7 consecutive days, totaling HK$5,235.13 billion; and on the Hong Kong Stock Exchange for 4 consecutive days, totaling HK$1,6514.6 billion. Southbound Capital has reduced HSBC Holdings positions for 5 consecutive days, totaling HK$2,2613.8 billion; for 4 consecutive days, Meituan's positions have been reduced to a total of HK$3,578.68 billion.
Express News | Li Auto up 6.9%, JD.com up 4.8%, NIO up 5.8%, Xpeng up 8.1%
Express News | Ishares China Large Cap ETF up 2.0%, Kraneshares CSI China Internet ETF up 2.8%
Express News | PDD Holdings up 2.5%, NetEase up 1.6%, Baidu up 2.9%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket Tracking Strong Gains in Domestic Market
The “beef flavor” of Hong Kong stocks is getting stronger! The Hang Seng Index surged this week to welcome its strongest weekly performance in 12 years
The Zhitong Finance App learned that Hong Kong stocks can be described as having experienced a week that shocked the world. The Hang Seng Index is expected to have the best trend performance since 2011. The Hang Seng Index, the benchmark index for the Hong Kong stock market, can be described as having risen sharply since this week. It is expected to achieve a weekly increase of close to 10% at the close of Friday, accompanied by a sharp increase in trading volume and strong momentum. It was mainly stimulated by optimism brought about by strong profits from US tech giants such as Microsoft and Google, as well as a series of favorable news in the Chinese market, including the approval of Tencent games, the extension of Chinese developers' bonds, and the relaxation of Shanghai by the China Securities Regulatory Commission
Alipay+ Enables Digital Payment of 14 Overseas E-wallets From 9 Countries and Regions in Hong Kong to Support City's Global Travel Drive
Users of 14 popular overseas e-wallets from 9 countries and regions can now make payments in Hong Kong using their home apps through Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International.
Trending Stocks Today: SENSETIME-W Shoots up 34.93%
April 26th - Hong Kong stocks trending now:Gainers: $SENSETIME-W(00020.HK)$ shoots up 34.93% to HK$1.12 with a turnover of HK$2.93 billion. $GUOLIAN SEC(01456.HK)$ surges 27.11% to HK$3.75 with a turn
UBS: Raising Tencent Holdings (00700) Target Price to HK$438 Overlooked Overseas Gaming Recovery
The Zhitong Finance App learned that UBS released a research report saying that the target price of Tencent Holdings (00700) rose to HK$438, raising the earnings forecast per share from 2024 to 2026 by 3% to 4%. According to the report, the recovery in the overseas game business seems to have been overlooked by investors. Citing industry data, the Finnish mobile game company Supercell, which was acquired by Tencent in the early years, is expected to resume growth in the first quarter of this year, and revenue growth is expected to reach 82%. Since Supercell contributes about 10% of Tencent's game revenue, it is expected to directly benefit Tencent's growth. At the same time, its blockbuster “PlayerUnknown's Battlegrounds” has earned overseas revenue since the second half of last year
[Hong Kong Stock Connect] Meituan (03690): May Day Cultural Tourism Reservations Increased by Over 190%
Jinwu Financial News | On April 26, according to data from Meituan (03690), as of April 24, the number of cultural tourism reservations (including scenic spots, accommodation, transportation, etc.) for the May Day holiday increased by more than 190%. Beijing, Shanghai, Chengdu, Chongqing, Xi'an, Changsha, Guangzhou, Wuhan, Nanjing, and Qingdao were the top 10 most popular destinations in the country. In addition to traditional tourist cities continuing to be popular, long-distance travel such as round-trip and outbound tours are popular, while taste buds, travel photography, and finding niche destinations continue to be popular, becoming a popular trend in May Day travel this year.
Trending Industry Today: SENSETIME-W Leads Gains In Weighted Voting Right Stocks
April 26th - The industry of $Weighted Voting Right Stocks(BK1255.HK)$ is trending higher today with 16 constituents up, 1 constituents down and SENSETIME-W leading Gains.$SENSETIME-W(00020.HK)$ soars
[Hong Kong Stock Connect] Meituan (03690) plans to launch its international takeout platform in Saudi Arabia's capital Riyadh
Jin Wu Financial News | According to reports, Meituan (03690) plans to launch its international takeout platform in the Saudi capital Riyadh. At a time when growth in the mainland market is slowing, this will be the company's first step outside of Greater China. People familiar with the matter said that Meituan is committed to launching its KeeTA app in the Middle East, and Riyadh will be the first stop. Meituan Exploration has been entering the Middle East market for several months, and is likely to launch as early as the next few months.
Zhitong ADR Statistics | April 26
The three major US stock indices fell across the board on Thursday, and the Hong Kong ADR index rose. On a proportional basis, it closed at 16,287 points, up 35.77 points, or 0.22% from the Hong Kong closing market.