Big Foundation Slashes Stakes in Chinese Stocks Alibaba, JD.com -- Barrons.com

Ed Lin One of the largest foundations in the world by assets just disclosed it greatly reduced its investments in two Chinese tech companies. Wellcome Trust of London slashed positions in the U.S.-

Barron'sJul 12 15:29 ET

[Brokerage Focus] Tianfeng Securities maintains a 'buy' rating on Baidu (09888), expecting the Wenshen ecological cloud business to empower new opportunities in the business.

Tianfeng Securities released research reports stating that Baidu Q1 2024 core revenue was 23.8 billion yuan, a YoY growth of 3.5%, of which online marketing revenue was 17.1 billion yuan, a YoY growth of 3%. The main reason for the unexpected performance was that the macroeconomic recovery was not as expected, and the visibility of advertising clients' improvements was limited. The bank expects online marketing revenue to remain basically stable in the next few quarters. The company announced its cooperation with Samsung and Honor smart phones and joined Oppo, Vivo, Xiaomi and other smart phone manufacturers, as well as Lenovo and Nio Inc in Q4 2023.

金吾財訊Jul 12 01:47 ET

Alibaba's (BABA) Generative AI Efforts to Boost AIDC Segment

阿里巴巴阿里巴巴不断努力加强其阿里巴巴国际数字商务集团（AIDC）部门，该部门包括Lazada、全球速卖通、Trendyol、Alibaba.com 和其他在国际零售和批发市场运营的业务。

Yahoo FinanceJul 11 12:29 ET

Cainiao is aligning with SF Express.

Author | Huang Yu Editor | Zhou Zhiyu A year ago, Cainiao, who was planning to go public on the Hong Kong Stock Exchange, launched its self-operated express delivery business, Cainiao Express. A year has passed, and although the listing plan has long been shelved, Cainiao Express has been expanding vigorously and accelerating its penetration into SF's territory. Cainiao Express has now set its sights on the same-city distribution business. On July 11, Cainiao Express announced the launch of same-city express delivery service in Guangzhou, offering same-day delivery within the city. This is the first time Cainiao Express has formally launched same-city distribution services. Prior to this, there were rumors in the industry that Cainiao Express planned to expand into the same-city distribution business, and would focus on services such as same-day delivery and same-city delivery within half a day.

wallstreetcnJul 11 04:41 ET

Brokerages such as CICC and CITIC comment on 618: e-commerce returns to the shelves, and Taobao's GMV growth may exceed expectations.

Recently, many brokerages such as CICC, CITIC, CEB and Shenwan have released 618 research reports, stating that this year's 618 Taobao and Tmall, as well as other comprehensive e-commerce platforms, have achieved significant growth. Under the background of "user first" becoming the industry consensus, the platform has improved its service level and user experience, effectively driving e-commerce transactions back to the shelves. Meanwhile, content-driven e-commerce such as live streaming has slowed down significantly. Previously, Analysys released the "2024 618 Observation Report", pointing out that this year's 618 e-commerce transaction growth rate has significantly increased due to factors such as the cancellation of pre-sales, simplification of rules, and adjustment of selling cycles. The comprehensive e-commerce market for large caps during the entire 618 cycle (including Taobao, Tmall, JD.com, etc.) has also seen significant growth.

Gelonghui FinanceJul 11 02:42 ET

Express News | Olympian and Four-Time Nba Champion Tony Parker Named as Face of Alibaba.com's Olympic Games Paris 2024 Campaign

ReutersJul 10 05:06 ET