alibaba-W(09988.HK) spent $59.99 million to buy back 5.777 million shares on November 22.

Gelonghui November 25th | alibaba-SW (09988.HK) announced that on November 22nd, it spent 59.99 million US dollars to repurchase 5.777 million shares.

Gelonghui Finance05:32 ET

Interpretation: The southbound funds reduce their holdings of Meituan by more than 1.5 billion Hong Kong dollars.

Today, the southbound funds net bought Hong Kong stocks worth 1.202 billion Hong Kong dollars. Among them: net purchases of alibaba 0.852 billion, china mobile 0.334 billion, ping an insurance 0.216 billion, fourth paradigm 0.125 billion; net sales of Meituan 1.541 billion, semiconductor manufacturing international corporation 0.267 billion, Xiaopeng autos 0.23 billion, Kuaishou 0.191 billion. According to statistics, since being included in the Stock Connect for 46 trading days, the southbound funds have cumulatively net purchased alibaba 71.38226 billion Hong Kong dollars. (According to Gelo Hong Kong Exchange)

Gelonghui Finance04:49 ET

Trump's tariffs are worrying! NRF: Could shrink usa consumers' spending power by $78 billion annually

① The National Retail Federation reports that the tariffs proposed by Trump could cost usa consumers between 46 billion and 78 billion dollars each year. ② Tariffs will lead to price increases on outfits, toys, furniture, and other products, which will ultimately be passed on to consumers by retailers; ③ Wall Street investment banks have pointed out that the imposition of high tariffs could severely impact economic growth, and retailers may collectively raise prices.

cls.cn04:13 ET

PDD's Valuation Takes Hit From Competition, Temu's Expansion Cost -- Market Talk

WSJ22:50 ET

Weekend Round-Up: AI Dominates Headlines With Nvidia, Elon Musk, And Hollywood's Big Names

BenzingaNov 24 09:00 ET

Fed's Bowman Says Regulators Shouldn't Rush to Contain AI

BNN BloombergNov 22 18:15 ET