Alibaba eyes bigger role in global logistics sector with YTO stake purchase
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Alibaba eyes bigger role in global logistics sector with YTO stake purchase
As competition intensifies in China's logistics market, e-commerce giant Alibaba is deepening its collaboration with major domestic couriers to explore opportunities in international and digital businesses. In a public filing to be dated on Wednesday, Shanghai-listed YTO Express said it will transf»»»

Singles Day: Luxury brands jump on China's shopping event
Luxury brands have embraced China's largest annual shopping spree, helping "Singles Day" break records once again. Firms including Balenciaga and Prada debuted on Singles Day, or Double 11, joining around 200 luxury brands - more than double last year's figure. Singles Day was created by Chinese on»»»


Chinese cinema stocks a hit as New Year drives box office record
BEIJING/SINGAPORE - Cinema stocks jumped in Hong Kong on Tuesday as record-breaking Chinese box-office revenues surpassed $1 billion for the week beginning Feb. 11, driven by a Lunar New Year movie-going rush. Data from online ticketing platform Maoyan Entertainment showed sales of 6.77 billion yua»»»


With Tech-Driven Rebound, Asian Markets Turn Corner on Evergrande Crisis
After a tumultuous third quarter, Asian markets appear to be embarking on recovery following fears of an Evergrande default. Asian stocks, alongside many of their global counterparts, have recently undergone a healthy rebound upward as the embattled Chinese property giant Evergrande reportedly made»»»


Sequoia China raises $9 billion amid hopes crackdown is easing - source
HONG KONG (Reuters) - Sequoia Capital China has raised a total of nearly $9 billion for four new funds amid investor hopes that the authorities are easing a regulatory crackdown on the tech sector, said a person with direct knowledge of the matter. The latest fundraising by Sequoia China, which acc»»»


Chinese tech companies record substantial losses due to extensive spending
Beijing [China], June 8 (ANI): As a result of extensive spending, major Chinese companies, including Meituan, Pinduoduo and Kuaishou are sustaining substantial losses as they prioritise long-term opportunities over immediate profitability.According to the Wall Street Journal (WSJ), the revenue of H»»»


China's power crunch and why SoftBank cut back on Alibaba
Hello, this is Kenji from Hong Kong, where we are in the midst of the mid-year earnings season. The overall tone so far seems to be tilting toward the negative side, and the tech sector is no exception. While JD.com pleasantly surprised the market with its results, both Tencent Holdings and Alibaba»»»

Alibaba and Tencent stocks plunge after latest fines
Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, a day after Chinese regulators fined their subsidiaries for not disclosing transactions and failing to comply with anti-monopoly rules. E-commerce giant Alibaba’s shares in Hong Kong fell 6.8%, while gaming and social me»»»
Most Asian markets track Wall St rally but tech struggles
Equity markets in Asia mostly rose Friday following a positive lead from Wall Street but optimism remains at a premium as traders operate under the shadows of war, soaring inflation, US interest rate hikes and China’s lockdowns. Technology firms were weighed by Apple and Amazon’s surprisingly downb»»»

China’s movie theaters thrive as economic gloom descends. Hollywood is missing out
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. — China’s economy may be in the doldrums, but its movie theaters have enjoyed a record-breaking few months as young women flocked to see home-gr»»»


China's JD.com beats estimates for quarterly revenue
:JD.com Inc, beat Wall Street estimates for first-quarter revenue on Thursday, driven by resilient demand for its e-commerce platform from online shoppers. U.S.-listed shares of the Beijing-based company rose nearly 4 per cent in trading before the bell. Even after the strict COVID-19 related curbs»»»


Hong Kong dollar in crosshairs on China risk, Fed rate bets
Hong Kong: Hong Kong dollar, one of the dullest currencies in the world is gaining attention due to China’s regulatory crackdown and bets on higher US rates. The Hong Kong dollar has fallen 0.2 per cent in August, poised for its biggest monthly loss since March. Speculation on the timeline of a Fed»»»


Alibaba expects revenue to grow at slowest pace since 2014
Increased competition and Beijing’s regulatory crackdown caused Chinese e-commerce behemoth Alibaba Group to slash its forecast for annual revenue growth, sending its stock tumbling 11%. Alibaba now expects revenue for the year ending in March to rise between 20% and 23%, the slowest pace since its»»»

Profits Jump for Chinese e-Commerce Giant Alibaba
Chinese e-commerce giant Alibaba saw profits jump over the last three months of 2020 as economic activity returned in China and online spending continued apace. In the third quarter of its staggered fiscal year, the Wall Street-listed group reported a profit of 79 billion yuan ($12.2 billion) on Tu»»»

Big Tech tagged for Shanghai lockdown food price gouging
Shanghai regulators warn internet platforms including Alibaba as food price speculation fuels destabilizing shortages Chinese regulators are taking critical aim at top Chinese internet platforms for failing to curb food price speculation amid Shanghai’s Covid-19 lockdown, which has been plaqued by »»»

NetEase shares rise on Hong Kong market debut
HONG KONG, June 11 (Xinhua) -- NetEase Inc.'s shares rose strongly on its Hong Kong market debut Thursday morning as the tech firm became the second U.S.-listed Chinese company to finish homecoming secondary listing after Alibaba. Shares of the internet giant started trading at about 133 Hong Kong »»»

Alibaba and Tencent stocks plunge after latest fines
It included five of Alibaba's transactions and 12 of Tencent's. A wide-reaching crackdown on the technology sector has often hit stock prices in Hong Kong and Shanghai. For violations in each case, the maximum fine was 500,000 yuan ($74,500). Shares of Chinese technology firms Alibaba and Tencent f»»»

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