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Alibaba-W (09988) has spent 4.1 billion US dollars to repurchase 0.414 billion ordinary shares.
Alibaba-W (09988) announced that as of the quarter ended September 30, 2024, the group achieved a revenue of 4.1 billion...
Express News | Alibaba Group - During Quarter Ended September 30, 2024, We Repurchased a Total of 414 Mln Ordinary Shares for a Total of US$4.1 Bln
Express News | Alibaba Group - Purchases Were Made in Both U.S. and Hong Kong Markets Under Our Share Repurchase Program
Express News | Hedge Funds Are Pouring Into ETFs Focusing on Chinese Equities With $2.4 Billion Inflows
Citi: Maintains a 'buy' rating on Tencent, with the target price raised to 535 Hong Kong dollars.
Citi released a research report stating that it maintains a 'buy' rating for Tencent (00700), continues to be a top pick stock, and raises the target price from 527 Hong Kong dollars to 535 Hong Kong dollars. The recent series of monetary and fiscal support policies implemented by the Chinese government will be transformed into tangible support to society. Companies and brands are expected to increase advertising spending to boost sales in the fourth quarter, especially during singles' day sales. It is anticipated that Tencent will benefit from this. Citi predicts that with the increase in user engagement and usage time, the advertising budget share of Tencent Video Number will further increase. The macroeconomic recovery may also promote online and offline consumer activities, translating into payments.
Express News | Alibaba Group Holding up 4.2%, JD.com Rises 9.5%, PDD Holdings Rises 5.1%
