Alibaba Strikes 5-Year Cloud Deal With Indonesia's GoTo, Delays Stake Divestment
Last year, Wang Xing spent 80 billion on delivery drivers.
Flex your muscles.
EXCLUSIVE: Tencent Leverages AI To 'Enhance Ad Targeting Precision,' Says Expert
Alipay is unwilling to be just a "tool" again.
Creating brilliance again with the help of AI.
Alibaba Dropped The AI-Powered English Version Of Taobao In This Country, App Quickly Soars To The Top Of The Charts In No Time
Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
Alibaba Launches Cainiao Next-Day Delivery In Europe, Plans Global E-Commerce Hubs
Increasing customer volume? Taobao gradually opens WeChat Pay today. Currently, some merchants have already started using it.
Starting from today, all Taobao and Tmall merchants will gradually open WeChat Pay. Currently, merchants are being invited in batches. Some merchants can see the invitation to open in Qianniu, and once they agree, they can immediately start using it.
Deutsche Bank: The pricing of loans in the banking industry in China is becoming more rational, so there is no need to overly worry about net interest margin pressure.
Morgan Stanley pointed out that although the LPR reduction may put pressure on the interest income of the banking industry in China, at the same time, the interest cost paid by banks to depositors is also decreasing, which helps to alleviate the pressure on net interest margin. Morgan Stanley expects that the banking industry will outperform the large cap market in the next 12 months.
Meituan has started to take the initiative.
From defense to attack.
Tencent Games Cloud "Monster Fighting Level Up"
All new upgraded full-lifecycle solutions.
Tencent Cloud sounds the horn for software going global.
Exhibition of the panoramic view of the first overseas debut.
Tencent Cloud overcomes the mountain.
The winox moment is getting closer.
Apple Approves WeChat Update as Talks With Tencent Over App Fees Continue - Report
Amount involved exceeds 2.8 billion! China Construction Bank Corporation issued 35 notices of non-performing loan transfers in the first week of September. Industry experts believe that the pressure on risk exposure in the bank's retail sector has intensi
In the first week of September, China Construction Bank Corporation released 35 pieces of information on the transfer of non-performing loans in the Silver Registration Center, involving a total unpaid principal and interest of 2.818 billion yuan, of which 34 were personal consumer or operation non-performing loan transfer projects. In the industry's view, the overall risk pressure on the retail end of the entire industry is relatively high, and the industry will continue to maintain a high level of disposal of non-performing assets in the second half of the year.
Is there also a consumption upgrade in Sino-African trade? Energy-saving products and cross-border e-commerce show an increase in volume.
①African countries are shifting their demand for Chinese commodities from daily necessities, clothing to lithium batteries, photovoltaic products, digital home appliances, and even new energy vehicles. ②In recent years, more and more cross-border platforms and merchants have begun to play a constructive role in Sino-African trade.
Is it urgent enough to reduce the interest rate on existing housing loans? In the first half of the year, the non-performing balance of personal loans in the six major state-owned banks has reached 352 billion yuan, and the non-performing rate has general
In the first half of this year, the total amount of non-performing loans of the six major state-owned banks has reached 352.091 billion yuan, exceeding the 300 billion yuan threshold for the first time. Compared with the data from early 2024 (291.371 billion yuan), it can be calculated that in the first half of the year, the six major state-owned banks added approximately 60.7 billion yuan of non-performing loans. Industry insiders believe that in the current environment, it is not advisable to excessively rely on reducing existing housing loans to play a greater role in promoting consumer spending.
JPMorgan and Goldman Sachs are bullish on Alibaba: introducing WeChat to expand users, PDD's new strategy has limited impact on monetization.
JPMorgan believes that Alibaba's new investment strategy has achieved preliminary success, with its domestic e-commerce commodity trade volume (GMV) growth rate consistent with the industry growth rate. If this trend continues in the coming quarters, it may become the largest consumer stock in China. Goldman Sachs also stated that the introduction of WeChat Pay on Taobao is beneficial for developing the lower-tier markets and promoting further cooperation between Alibaba and Tencent.
Goldman Sachs is optimistic about Tencent: one of the most promising Chinese internet giants, and has confidence in its management.
Goldman Sachs stated that Tencent remains one of the most visible and sustainable profitable companies among the Chinese internet giants, and they have confidence in Tencent's clear strategies in various business lines, maintaining a buy rating.
US stocks closed with mixed performance for the three major indexes. Tesla rose more than 9% over the past two days, while NIO soared 14% after its performance announcement.
Before the non-farm data, there is new evidence of the cooling of the US job market, and economic concerns support a substantial rate cut bet. The yield curve of the 2-year/10-year US Treasury bonds, which briefly inverted for the third time in two years. The S&P 500 fell for the third consecutive day, with Broadcom falling more than 4% after hours, Tesla rising nearly 5%, and Nvidia and Chinese concept stocks rising nearly 1%. The yen reached a one-month high, and the offshore renminbi rose by 300 points to break 7.09 yuan. Gold rose briefly by 1%, and oil prices rose more than 2% before falling. US oil fell below $70 for the first time in 15 months over two days.