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2023-07-12 07:30:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. Japan drove internatio...
2023-07-04 05:13:42 ET Alibaba ( NYSE: BABA ) is carrying out a strategic review of its video streaming platforms Youku and Tudou, Bloomberg News reported citing people with knowledge of the matter. One of the options under discussion is to fuse the assets into Alibaba Pict...
2023-07-03 20:00:41 ET Summary NIO Inc. reported a rebound in June vehicle delivery sales after a couple of weak months. The Chinese EV automaker forecasts a big rebound in 2H vehicle deliveries, leading to much higher gross margins. The company just obtained a $740 million ca...
2023-07-01 10:03:00 ET U.S. videogame sales rebounded with a strong year-over-year gain in May, with no small thanks due to a new game from a venerable Nintendo ( OTCPK:NTDOY ) franchise. Overall sales rose 12% to $4.118B from last May's $3.665B, according to research group Circana....
2023-06-28 14:06:40 ET Summary The US is reportedly planning new AI chip export controls targeting China, which could impact companies like Nvidia that have previously been affected by such measures. Despite potential restrictions, the impact on Nvidia is unlikely to be dramatic a...
2023-06-28 07:55:33 ET Chinese companies Tencent ( OTCPK:TCTZF ) ( OTCPK:TCEHY ) and Ant Group, an Alibaba ( NYSE: BABA ) ( OTCPK:BABAF ) affiliate, plan to allow users to link international credit cards to their platforms, Reuters reporetd. The step should...
2023-06-28 05:53:45 ET Summary Naspers and Prosus announced a proposal to remove the much-hated cross-holding structure. While the transaction is quite complex, its outcome is actually a real simplification. However, one of the two companies will benefit more than the other fr...
2023-06-05 05:31:11 ET Summary Qifu Technology Inc. changes its dividend policy to a bi-annual payout and increases its payout ratio from 15-20% to 20-30%. The company's name change from 360 DigiTech has not been explained by management, but it resembles the founder's other compan...
2023-05-31 15:18:35 ET Nvidia stock ( NASDAQ: NVDA ) is finally pulling back from a record high with its biggest drop in months -- albeit after three sessions of gains that had added up to a 31% increase from last Wednesday. Shares were down 4.7% in the last hour of trad...
2023-05-23 14:12:19 ET Summary Tencent outperformed expectations in Q1. With the company levered to all the right parts of the Chinese economy, the re-acceleration looks poised to continue. Relative to the 2023/2024 earnings growth potential and the basket of growth options wi...
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Cutting-edge technologies at Hong Kong tech fairs attract over 66,000 buyers worldwide HONG KONG, Apr 16, 2023 - (ACN Newswire) - Hong Kong showcased its strengths in innovation and technology (I&T) at a series of innovation and tech fairs, including the first-ever InnoEX co-org...
Inaugural InnoEX kicks off today HONG KONG, Apr 12, 2023 - (ACN Newswire) - The first-ever InnoEX, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), which is running in conjunction with the...
Inaugural InnoEX promoting Hong Kong's Innovation and Technology Development HONG KONG, Mar 28, 2023 - (ACN Newswire) - Innovation and technology (I&T) play an important role in Hong Kong's development blueprint, especially in the growing demand for smart city technologies and a...