|Bid||5.42 x 1300|
|Ask||5.50 x 2900|
|Day's Range||5.35 - 5.74|
|52 Week Range||2.56 - 18.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
U.S.-listed shares of China internet stocks got another boost in Tuesday's trading amid a broader rally for the U.S. markets. China internet names were among the biggest gainers in the technology space, with JD.com Inc. shares up 4.7%, Alibaba Group Holding Ltd. shares up 4.4%, and Qutoutiao Inc. shares up 4.2%. The KraneShares CSI China Internet ETF is up 4.1% in Tuesday's session following a 3.2% rally in Monday trading. The rally for Chinese internet stocks comes as the S&P 500 is up 1.3% in Monday trading.
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
The simplest way to benefit from a rising market is to buy an index fund. Active investors aim to buy stocks that...
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
The race to give Chinese users their daily dose of news intensifies as Qutoutiao, a rival to TikTok parent ByteDance, net an installment of sizable backing. Alibaba is injecting $171 million in a convertible loan to Qutoutiao, the three-year-old news and video aggregation startup, according to an announcement released Thursday. The transaction will convert into about 11.4 million shares of Qutoutiao at a price of $15 per American depositary shares, representing about 4 percent of Qutoutiao.
The dot.com giant's investment in the mobile content aggregator provides capital to Qutoutiao, but it also brings exposure and validation to the platform.
Chinese startup ByteDance is finding itself surrounded by challengers as its empire of new media products, including global video app TikTok and Chinese news aggregator Jinri Toutiao, gather steam. Tencent tried to play catch-up with a handful of new short-video services, and a Facebook clone of TikTok was reportedly in the making. Like ByteDance, the Shanghai-based company began as a news aggregator banking on personalized content often characterized by gossipy news and viral videos.
Recent China IPOs Nio and Qutoutiao dived late on earnings reports. Ross Stores, SailPoint Technologies and Horizon Pharma moved on news too.