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2023-04-10 03:40:08 ET Summary Meituan's long-awaited food delivery service launch in Hong Kong appears to be just around the corner. The battle of the food delivery market in Hong Kong goes on and is heating up, with dominance by Deliveroo and Foodpanda. It's hard to give a c...
2023-04-07 06:14:01 ET Summary Bridgewater Associates’ 13F portfolio value decreased from ~$19.75B to ~$18.32B this quarter. They increased Berkshire Hathaway and Estee Launder while reducing Procter & Gamble, Johnson & Johnson, PepsiCo, and Coca-Cola. The top t...
2023-04-04 11:11:45 ET Summary Alibaba will be reorganized into six business groups and other investments, which will help unlock shareholder value and foster market competitiveness. These six business groups will be managed by its own CEO and board of directors and have the abili...
2023-04-02 10:15:00 ET A bull market in stocks is coming. One might even say that it’s forming now. Since hitting a bottom in October 2022, stocks have rallied, with the TSX Composite Index having gained 7% from the lows. We still have a ways to go before we can declare that a new bu...
2023-03-29 12:02:45 ET Summary Alibaba Group Holding Limited announced earlier this week that it intends to restructure the company into six separate units eligible for independent capital raising and IPOs subject to regulatory approval. The company is preparing for a detailed pre...
2023-03-28 12:50:28 ET Summary Alibaba Group Holding Limited stock rallied over 10% on Tuesday as the company announced it was planning on splitting into six different businesses. The press release said that Alibaba Group's subsidiaries might pursue IPOs of their own. Alibaba ...
2023-03-28 11:01:11 ET Alibaba ( NYSE: BABA ) shares rose as much as 10% Tuesday as investors showed their enthusiasm for the Chinese e-commerce giant after it said it would split into six different units with a goal of boosting each group's individual business value. Prior ...
2023-03-23 14:39:46 ET Alibaba ( NYSE: BABA ), JD.com ( NASDAQ: JD ) and Weibo ( NASDAQ: WB ) took to the high ground Thursday as much of the Chinese tech sector advanced in the wake of upbeat earnings from Tencent Holdings ( OTCPK:TCEHY ). Before U.S. st...
2023-03-23 05:25:00 ET Pinduoduo 's (NASDAQ: PDD) stock price plunged 14% on March 20 after it posted its fourth-quarter earnings report. The Chinese e-commerce company's revenue rose 46% year over year to 39.82 billion yuan ($5.77 billion), but that missed analysts' estimates by $1...
2023-03-22 11:52:55 ET Summary PDD launched its e-commerce website Temu in September 2022, which has risen to become the most downloaded app in the U.S. The Temu platform offers major discounts to consumers and reached close to half as many weekly active users as the "high growth"...
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2024-06-01 10:05:00 ET PDD Holdings (NASDAQ: PDD) continues to see exceptional growth. The Chinese e-commerce company's revenue once again more than doubled in its most recent quarter. The stock has managed to buck the trend of other Chinese stocks and is now up over 120% over t...
PDD Holdings (NASDAQ:PDD) has outperformed the market over the past 5 years by 37.54% on an annualized basis producing an average annual return of ...
Alibaba Group Holding Limited (NYSE:BABA), through its online platform AliExpress, has significantly increased its presence in South Korea, doublin...