Alibaba shares surge nearly 7% after Jack Ma appears in Europe and company releases new chip

Jack Ma, founder of Alibaba Group, attends opening ceremony of the 3rd All-China Young Entrepreneurs Summit on September 25, 2020 in Fuzhou, Fujian Province of China. Lyu Ming | China News Service via Getty Images GUANGZHOU, China — Alibaba’s Hong Kong shares rallied as much as 9% on Wednesday following reports that its founder Jack … Read more

Stocks making the biggest moves in the premarket: Procter & Gamble, Johnson & Johnson, Travelers and more

Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products giant beat estimates by 2 cents a share, with quarterly earnings of $1.61 per share. Revenue also topped Wall Street forecasts. P&G said it was facing increasing commodity and transportation costs, however, and its shares … Read more

China and the U.S. are challenging Europe’s role as top tech regulator

European Commission executive vice president Margrethe Vestager talks to media in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images LONDON — China and the U.S. are taking more aggressive steps in regulating large tech firms, challenging the European Union’s dominance in the space. For some time, the EU has led the way … Read more

New rules for investing in China: Lessons from Beijing’s education crackdown

Chinese ride-hailing company Didi offers cars for guests of the Annual Meeting of the New Champions 2017 (World Economic Forum’s Summer Davos session) on June 27, 2017, in Dalian, Liaoning Province of China. VCG | Visual China Group | Getty Images BEIJING — As overseas investors reel from Beijing’s regulatory crackdown, the rapid fallout in … Read more

Ant Group to share consumer credit data with China’s central bank as regulatory overhaul continues

GUANGZHOU, China — Ant Group will share credit data from its consumer lending business with China’s central bank as part of an overhaul of the fintech giant. Huabei is a consumer loan product under Ant Group. Data from that lending product will be fed into the financial credit information database held by the People’s Bank … Read more

Morgan Stanley says there’s value in China tech stocks, here are its top 5 picks

Chinese e-commerce applications in the lead up to the June 18 mid-year shopping festival. Clockwise from top left: Alibaba Group’s Taobao, Pinduoduo, Alibaba, Alibaba’s Tmall, and Alibaba’s Idle Fish. Chan Long Hei | Bloomberg | Getty Images China’s regulatory clampdown on the technology sector could continue — but Morgan Stanley said there’s value in … Read more

Goldman Sachs says $3.2 trillion worth of Chinese stocks at risk of further regulatory crackdown

Share prices of Chinese tech companies Baidu, Alibaba and Meituan among those shown at the Exchange Square in Hong Kong on March 23, 2021. Paul Yeung | Bloomberg | Getty Images A group of Chinese listed companies totaling $3.2 trillion in market capitalization could be at risk of further regulatory crackdown by Beijing, according to … Read more

Stocks making the biggest moves premarket: Beyond Meat, Cisco, Las Vegas Sands and more

Check out the companies making headlines before the bell: Beyond Meat (BYND) — Shares of the alternative-meat maker dipped 2.4% in premarket trading after Piper Sandler downgraded the company to an underweight rating. “Beyond is an early leader in plant-based meat, but we believe its current all-channel retail momentum lags consensus expectations,” the firm said … Read more

Singapore’s top lender picks Chinese stocks for ‘bottom fishers’

Chinese stocks in Hong Kong across a variety of sectors have taken a big beating in 2021 as regulatory fears continue to cloud the outlook. Source link