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Meituan (OTCPK:MPNGF): Q3 Net Loss of RMB5.5B Revenue of RMB48.8B (+37.9% Y/Y) Press Release For further details see: Meituan reports Q3 results
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 s...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips There aren’t many stocks that have been halved on the year, but Chinese ride hailing and delivery company DiDi Global ( NYSE: DIDI ) is one of them. Source: DANIEL CONSTANTE / Shutterstock.com At $8....
A slew of positive macro and company-specific news saw investors clamoring for Chinese stocks and sending their share prices higher. With Xi Jinping's third-term re-election largely assured, investors could also be relieved by a likely continuation of an administration they are famili...
KraneShares CSI China Internet ETF (NYSEARCA:KWEB) catches a morning bid as the ETF is +4.76% and has broken above its 10- and 50-day moving averages and is approaching its 100-day moving average. Early into the trading session, the exchange traded fund is supported by positive move...
Meituan's stock price rose by +15% in the two weeks following the announcement of a fine by anti-monopoly regulators, as the financial penalty was not as substantial as earlier feared. The headwinds don't seem to be over yet, as big technology companies are still under scrutiny and Me...
Barclays analyst Jiong Shao launched coverage of eight Chinese tech companies Wednesday with a range of ratings and an overall view that the sector is "too important to be ignored." Shao said that as Chinese Internet and tech companies have found their way into almost every part of China's ec...
The exchange-traded fund that concentrates on companies in emerging markets from the Technology and Financial sectors. The ETF has underperformed the broader market as a result of China's regulatory crackdown sending Chinese stocks lower. The biggest risk of the ETF remains its la...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips In October, the many Chinese holidays slowed the flow of negative news that often hurts Alibaba Group (NYSE: BABA ) stock the most. China celebrated the National Holiday for the first week of the month. A few weeks l...
China announced a plethora of macro data last week where all but retail sales missed expectations. News on the populous country continued to spell doom and gloom. Investors are sitting up and realizing 'the bark is worse than the bite' on China matters. The correction in the narra...
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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 ...