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$Global-E Online (GLBE.US)$ This share has been up & down within a day. sometimes the range is as big as 6USD difference. 3rd time for me to buy in & sell out
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$Advanced Micro Devices (AMD.US)$ $Cloudflare (NET.US)$ So I asked this question a few months ago and I got some very interesting responses, a lot of AMD, Cloudfare, and things of that nature. All in all people's picks performed very well much to my surprise and I would like to see what everyone likes for the next 10 years, particularly, stocks that have the most upside potential due to an industry being revolutionized or a company you believe is severely undervalued.
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$Apple (AAPL.US)$ higherrrrr 🍏🍏🍏🍏
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What Happened: As Chinese President Xi Jinping furthers his "common prosperity" agenda that seeks equitable sharing of wealth, it has emerged that China could impose a "data tax" on platform developers, including big internet companies, the Nikkei reported.
Why It's Important: Internet tech companies such as $Alibaba (BABA.US)$ , $Tencent (TCEHY.US)$ , $Baidu (BIDU.US)$ and $JD.com (JD.US)$ mint huge money from hawking the massive amount of personal data they collect from their users.
These companies have already taken a huge hit from an extended regulatory crackdown that was set in motion late last year. The Jack Ma-co-founded Alibaba was the first to feel the pinch.
It was in fact comments made by Ma at the same conference last year regarding overregulation that opened the Pandora's box of sorts.
The domestic tech titans were taken to task for engaging in anticompetitive practices and also misuse of user data.
Antitrust regulators ordered Alibaba to pay fine of $2.87 billion in mid-April. The company's September quarter results released last week showed the impact of the regulatory crackdown, with the company reporting the first adjusted profit decline in more than five years.
Why It's Important: Internet tech companies such as $Alibaba (BABA.US)$ , $Tencent (TCEHY.US)$ , $Baidu (BIDU.US)$ and $JD.com (JD.US)$ mint huge money from hawking the massive amount of personal data they collect from their users.
These companies have already taken a huge hit from an extended regulatory crackdown that was set in motion late last year. The Jack Ma-co-founded Alibaba was the first to feel the pinch.
It was in fact comments made by Ma at the same conference last year regarding overregulation that opened the Pandora's box of sorts.
The domestic tech titans were taken to task for engaging in anticompetitive practices and also misuse of user data.
Antitrust regulators ordered Alibaba to pay fine of $2.87 billion in mid-April. The company's September quarter results released last week showed the impact of the regulatory crackdown, with the company reporting the first adjusted profit decline in more than five years.
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Shares of $Alibaba (BABA.US)$ , $Baidu (BIDU.US)$ , $Tencent (TCEHY.US)$ , $Li Auto (LI.US)$ and $XPeng (XPEV.US)$ fell in Hong Kong on Friday, while $JD.com (JD.US)$ traded higher.
Alibaba’s shares have lost 10.3% to HKD 140 in Hong Kong after the Chinese e-commerce giant reported weaker-than-expected earnings results for the second quarter and also issued a below-consensus forecast for fiscal 2022.Technology company Baidu’s shares traded 3.1% lower at HKD 151.50 00 and tech conglomerate Tencent’s shares are down 1.2% to HKD 490.80.Meanwhile, JD’s shares have gained 5.2% to HKD 339.80 after the e-commerce company reported quarterly results that beat analysts’ expectations.Electric vehicle maker Li Auto’s shares have lost 5.1% to HKD 120.70 and peer Xpeng’s shares are down 3.5% to HKD 183.90.
Why Is It Moving? The Hang Seng Index extended losses to a third straight day amid weak earnings results from Chinese tech giants, including Alibaba, following Beijing’s regulatory crackdown on Big Tech and slowing economic growth in China.
Shares of Chinese companies closed notably lower in U.S. trading on Thursday after the major averages in the U.S. closed on opposite sides of the unchanged line.
Alibaba’s shares have lost 10.3% to HKD 140 in Hong Kong after the Chinese e-commerce giant reported weaker-than-expected earnings results for the second quarter and also issued a below-consensus forecast for fiscal 2022.Technology company Baidu’s shares traded 3.1% lower at HKD 151.50 00 and tech conglomerate Tencent’s shares are down 1.2% to HKD 490.80.Meanwhile, JD’s shares have gained 5.2% to HKD 339.80 after the e-commerce company reported quarterly results that beat analysts’ expectations.Electric vehicle maker Li Auto’s shares have lost 5.1% to HKD 120.70 and peer Xpeng’s shares are down 3.5% to HKD 183.90.
Why Is It Moving? The Hang Seng Index extended losses to a third straight day amid weak earnings results from Chinese tech giants, including Alibaba, following Beijing’s regulatory crackdown on Big Tech and slowing economic growth in China.
Shares of Chinese companies closed notably lower in U.S. trading on Thursday after the major averages in the U.S. closed on opposite sides of the unchanged line.
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$Apple (AAPL.US)$ Kakura
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