What's Going On With Alibaba Stock On Friday?

BenzingaAug 23 07:34 ET

A new round of interest rate cuts for deposits is about to end its first month: small and medium-sized banks continue to follow suit, and some banks have made a second adjustment within the month. Is there still room for further cuts?

① In the context of market interest rate decline, banks are facing continuous pressure to narrow their net interest margin. Some banks have directly lowered deposit interest rates, while others have adjusted them in a phased manner. ② The phenomenon of inverted deposit interest rates is the result of the combined effects of macroeconomic conditions, bank operational strategies, policy guidance, and market expectations.

cls.cnAug 22 08:24 ET

Chinese Tech Giants Alibaba And Tencent Ramp Up AI Investments, With Nearly A Third Of Deals Since 2023 Aimed At AI Startups

BenzingaAug 21 05:52 ET

What is the reason for the year-on-year decrease in net profit of some private banks? The Financial Regulatory Bureau responded.

Liao Yuanyuan said that the net income growth rate of private banks has experienced negative growth. Mainly because these banks have significantly increased their provisions compared to the same period last year, which directly affects the current profits and leads to a temporary decline in net income of private banks.

cls.cnAug 21 04:23 ET

Goldman Sachs comments on "Black Myth: Wukong": a turning point for Chinese console games, with steam sales potentially reaching 20 million copies.

Goldman Sachs expects that under the baseline scenario, "Black Myth: Wukong" will sell over 12 million copies on Steam, generating over 3 billion yuan in revenue. Under an optimistic scenario, it may sell 20 million copies and generate over 5 billion yuan in revenue, and this does not include sales on Tencent WeGame and Sony PlayStation platforms.

wallstreetcnAug 20 21:33 ET

Tmall Beauty is sharpening its knife.

Make a move.

wallstreetcnAug 20 07:10 ET