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$HANG LUNG PPT (00101.HK)$ brutal selldown. overly done
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$Alibaba (BABA.US)$ SoftBank, once Alibaba's biggest investor, has sold its stake in the Chinese tech company, it told investors on an earnings call. On Monday, CFO Yoshimitsu Goto detailed that Alibaba had accounted for 48 percent of Softbank's assets in 2020, but now, this was "almost zero."14 May 2024
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$Alibaba (BABA.US)$ Anyone knows why the media reported that Softbank already sold almost all Alibaba shares but here in Moomoo app, it shows Softbank still holds 14%?
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Manufacturing production index highest since June 2023.
Manufacturing demand index highest since March.
Surveyed companies said market demand improved, consumer and intermediate products new orders increased.
Overseas demand improved marginally. The new order index highest in 6 months, although still in the contraction zone.
$KraneShares CSI China Internet ETF (KWEB.US)$ $Hang Seng H-Share Index ETF (02828.HK)$ $BABA-W (09988.HK)$ $Alibaba (BABA.US)$ $PDD Holdings (PDD.US)$ $ByteDance (FT0001)$
Manufacturing demand index highest since March.
Surveyed companies said market demand improved, consumer and intermediate products new orders increased.
Overseas demand improved marginally. The new order index highest in 6 months, although still in the contraction zone.
$KraneShares CSI China Internet ETF (KWEB.US)$ $Hang Seng H-Share Index ETF (02828.HK)$ $BABA-W (09988.HK)$ $Alibaba (BABA.US)$ $PDD Holdings (PDD.US)$ $ByteDance (FT0001)$
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