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Summary China tech stocks have demonstrated some relative strength lately after bottoming in March. Once extremely highly priced, KWEB's P/E is not unreasonable given the forecast earnings growth. The technical picture remains somewhat negative. China stocks have out...
Meituan press release ( OTCPK:MPNGF ): Q2 GAAP EPS of -RMB0.18. Adjusted profit of RMB 2.06B. Revenue of RMB50.9B (+16.2% Y/Y). Meituan CFO Shaohui Chen said, "The ongoing pandemic has presented continuous challenges to every member of our ecosyste...
Summary Reuters reported Tencent might sell some or all of its Meituan holdings this year, though Tencent called the report ‘inaccurate’. Some think Tencent might sell other stakes in its more than 70 U.S.- and Hong Kong-listed portfolio companies to raise funds to b...
Alibaba ( NYSE: BABA ), JD.com ( NASDAQ: JD ) and Baidu ( NASDAQ: BIDU ) lost ground Wednesday as much of the Chinese tech sector retreated in the wake of Ray Dalio's Bridgewater Associates disclosed it has sold off all of its holdings in a handful of bellwether ...
Update 10:55am : Adds another China publication denying the story. Tencent ( OTCPK:TCEHY ) is said to plan to sell all or most of its 17% stake in Chinese food delivery company Meituan ( OTCPK:MPNGF ) as it tries to appease Chinese regulators. Meituan dropped 7%. ...
Tencent ( OTCPK:TCEHY ) is said to plan to sell all or most of its 17% stake in Chinese food delivery company Meituan ( OTCPK:MPNGF ) as it tries to appease Chinese regulators. Tencent has hired financial advisers in recent months to look at way to sell the 17% stake in Me...
Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing. Shares of Baron Global Advantage Fund (the “Fund”) declined 32.3% (Institutional Shares) during the second ...
Dark days in China have presented an opportunity to buy world-class businesses at demonstrably cheap prices. The CAPE ratio points to long-term outperformance for MCHI, but geopolitical risks loom large. In the decade ahead, we project returns of 12% per annum. The Thesi...
One of Meituan's non-executive director reduced his stake in the listed company to 2.69%, after selling 6.5 million shares in late-July. Slower revenue growth and continued losses are expected for Meituan in the upcoming quarter; and the company still faces significant regulatory and ...
Leading tech companies were suddenly slapped with fines earlier this month for failing to properly report past M&A transactions. The penalties were relatively small, but were enough to stoke concern about a return to the crackdown that shook the market last year. Evidence is m...
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2023-04-25 10:05:00 ET When asked about Chinese technology stocks, most investors will come back with names like Alibaba , Tencent , and JD.com . But other worthy companies can still make it onto investors' radars. One of these lesser-known but very well-established Chinese ...