|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||42.74 - 43.53|
|52 Week Range||31.54 - 60.00|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||31.91|
|Forward Dividend & Yield||0.01 (0.02%)|
|1y Target Est||49.99|
Feb.18 -- China’s tech giants are pushing for more changes from Hong Kong when it comes to IPOs. This comes barely a year since the Hong Kong market amended its rules to attract more listings. Bloomberg’s Lulu Chen reports on “Bloomberg Daybreak: Asia.”
BEIJING/SHANGHAI (Reuters) - China's top content regulator has asked local authorities to stop submitting requests to monetize new video games while it processes a backlog of applications built up after a lengthy pause last year, three people with knowledge of the matter said. The General Administration of Press and Publications (GAPP) issued the notice this week, the people said, indicating the impact on gaming stocks of the nine-month hiatus could continue and dulling hopes raised by the recent resumption of approvals. The regulator's notice has not previously been reported.
HONG KONG—Chinese e-commerce behemoth Alibaba Group Holding Ltd. has joined online rival Tencent Holdings Ltd. as a sizable shareholder in investment bank and broker China International Capital Corp. Hangzhou-based Alibaba said on Tuesday it had accumulated a 4.84% stake in CICC. The holding, initially disclosed in an exchange filing, would be valued at about $437 million, based on the closing price of CICC’s Hong Kong-listed shares.
The search giant, which reports results this week, could fare worse than rivals Alibaba Group Holding Ltd. and Tencent Holdings Ltd. because of its higher reliance on the advertising market, an increasingly competitive arena that tends to suffer with economic weakness. Alibaba’s core e-commerce has proven more resilient than traditional retail and a deepening thrust into realms such as cloud services helps juice top-line growth. Tencent is the standout: it’s gained more than 30 percent since an October trough, thanks in part to the cessation of a months-long business-busting freeze on new games.
Could Trump’s ‘China Trade Deal’ Tweet Please Investors?US investors On February 14, the United States Census Bureau released December’s retail sales data. Core retail sales fell 1.8% month-over-month, the worst drop since February 2009,
US-China Trade Dispute: Huddle Continues as Soft Deadline NearsUS-China trade disputeAccording to Reuters, citing China’s Ministry of Commerce, “Chinese Vice Premier Liu He will visit Washington on Thursday and Friday to continue trade
Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, looking at the battle for dominance between the US and China. On February 11, President Donald Trump issued an executive order on Maintaining American Leadership in Artificial Intelligence.
China’s long-awaited plan to create a high-tech megalopolis on its southern coastline rivaling California’s Silicon Valley generated optimism among Hong Kong’s business community even as key details remain unclear. The blueprint for the Greater Bay Area linking China’s southern coastal cities with Hong Kong and Macau, a signature policy of President Xi Jinping first articulated in 2017, boosted stocks after it was published late Monday. It said the government would turn the area into a leading global innovation hub, boost infrastructure connectivity and strengthen Hong Kong’s role as an international center of finance, shipping, trade and the offshore yuan business.
Backed by Tencent Holdings Ltd., WeDoctor joins a growing contingent of tech giants hoping to uproot a health-care industry that’s been largely impervious to online disruption. While China has some of the world’s biggest technology companies, many from Alibaba Group Holding Ltd. to Tencent are listed in the U.S. or Hong Kong.
SoYoung could sell shares as soon as the middle of the year, said the people. SoYoung, founded in 2013, allows customers to review and book nip-and-tuck procedures through its app and websites as well as share treatment experiences via posts, pictures and videos. The company completed a $60 million funding round led by Apax Partners last year, after attracting $50 million from investors including Tencent in 2016.
Key Updates from Amazon, eBay, and Alibaba(Continued from Prior Part)Metro operates dozens of retail stores in China Alibaba (BABA) is in talks to purchase a stake in the Chinese operations of German retailer Metro, according to a Reuters report
Tencent Holdings (OTC: TCEHY) is in talks to bring Electronic Arts Inc. (NASDAQ: EA)’s new U.S. hit "Apex Legends" to China, the South China Morning Post reported Friday. The move would give Tencent a video game distribution trifecta in China: the company already distributes "Fortnite" and PUBG Corp.’s "PlayerUnknown’s Battlegrounds." All three are “battle royale” games, which are the type of multiplayer online environments that are seen by observers as central to the future of the industry. The phenomenal early success of "Apex Legends" — it drew 25 million players its first week — has bolstered EA’s stock in recent days, bucking difficulties for the industry, which has seen stock volatility amid lackluster earnings reports.
E-commerce giant Alibaba is continuing its push into the world of youthculture after it scooped up an 8 percent stake in anime streaming and gamepublishing company Bilibili
A new report from a team of researchers at The University of Hong Kong's Journalism and Media Studies Centre, examined the most sensitive topics subject to censorship on Tencent's WeChat platform in 2018.
US-China Trade Deficit Narrows: Will It Please Trump?China’s trade dataOn February 14, China released its January trade data. China’s exports in US dollar terms rose 9.1%, while its imports fell 1.5% YoY (year-over-year). The data were better
Activision Blizzard Surges Even as Analysts Lower Target PriceActivision Blizzard Activision Blizzard (ATVI) released its fourth-quarter earnings yesterday after the markets closed. The company’s earnings were largely in line with estimates.
BAML Survey: Fund Managers Aren't Optimistic about Recent Rally(Continued from Prior Part)Most crowded tradeFor the first time in the history of the Bank of America Merrill Lynch Survey, “long” emerging markets (EEM) has been the most crowded
Shares of Walmart (WMT) rested roughly 8% below their 52-week high through mid-day trading Wednesday, with the company's fourth-quarter and fiscal 2019 earnings release due out on Tuesday, February 19. This means now is a great time to see what to expect from the retail powerhouse.
What's the Latest from Alibaba?(Continued from Prior Part)Helping companies in their digital transformation Alibaba (BABA) has launched a new strategic program that it calls A100. The goal of this program is to transform Alibaba into a one-stop shop
March Deadline Could Be Relaxed for ‘Biggest Deal Ever Made'(Continued from Prior Part)Trump As noted in the previous article, US President Donald Trump has said that he would consider relaxing the March 2 deadline for increasing tariffs on