- China's macroeconomic indicators provided equity markets with a solid backdrop as the week began. Unfortunately, disappointing earnings reports from Chinese internet companies subsequently rained on investors' parade.
- The reversal in media narrative to positive failed to sustain the sputtering recovery in Chinese equities.
- Bilibili plunged 22 percent for the week after the streaming media giant came cap in hand for investors' money even as it reported widening losses in the third quarter.
- A slew of post-earnings updates on Alibaba saw Wall Street analysts and SA contributors maintaining their bullish/very bullish calls.
- Market players have the Investor Day to be held on December 16 and 17 to look forward to. Alibaba's senior management team will supposedly provide an update on the key businesses and their vision for the future.
For further details see:
Alibaba's And Bilibili's Kitchen-Sink Quarter