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KraneShares CSI China Internet ETF Newsroom
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
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.
Localization of suppliers! Temu starts digging into Amazon's corner.
Temu hopes to be more like Amazon, in order to reduce supply chain risks and provide faster delivery; while Amazon is imitating Temu, because it cannot ignore the fact that some consumers value low stock price over convenience.
Asia Markets Mostly Advance, Japan's Nikkei Crosses 42,000 Mark, Eyes on US CPI Report
China's Weak Inflation Signals Rate-Cut Window Open
China's weak inflation data backs the case for rate cuts, DBS economist Samuel Tse says in a note. The June print was weaker than expected, with consumer inflation decelerating on year despite a low
After three days of bloodbath, Chinese concept stocks cost Wall Street billions! The Archegos liquidation case has resulted in Bill Hwang being convicted of fraud and market manipulation.
Three years ago, the Archegos crisis caused the market cap of Chinese concept stocks, such as Baidu, Tencent Music, and VIPShop, to evaporate more than 30 billion US dollars, and also caused investment banks such as Goldman Sachs and Morgan Stanley to suffer losses of billions.
US stocks hit a new high, with Nvidia up 2.3% leading the technology stocks, Apple reaching a seven-day high, Tesla stalled, and Baidu ADR continued to rise by nearly 6.2%.
The S&P and Nasdaq rose for seven consecutive days, while the Dow fell several times in a short period of time; Nvidia rose nearly 2.3%, leading the seven big tech sisters, and Apple hit a new high for seven consecutive days, ranking first in market cap; Tesla stopped its ten-day rise after a car caught fire; Baidu ADR rose nearly 6.2% at one point, continuing its over 8% rise from the previous day. It is said that Baidu's subsidiary, Luobu Kuai Pao, is expected to achieve profitability in 2025.
"China ChatGPTs" struggle to attract customers.
Over a month ago, as Tencent officially launched the independent AIGC app 'Tencent Yuanbao', the 'BAT' finally gathered in the AI big model C-end product race track. In this AI application era, who can create the 'WeChat of the AI era' is highly anticipated.
China Inflation Strengthens Case for Policy Easing
China's softer-than-expected June inflation continues to bolster the case for monetary easing in China, ING economist Lynn Song says. Subdued inflation combined with weak credit data offer a
Kuaishou joins the big model application battle.
Author | Liu Baodan Editor | Zhou Zhiyu More than a month ago, Byte released the Bean Bag large model family, directly bringing large model prices into the "one thousandth of a cent era". Now, Kwai also pulled out the large model matrix from the bottom of the box and targeted tool applications. On July 6th, at the "New AI · New Applications · New Ecology" forum, Kwai's large models were collectively unveiled for the first time, and many new functions such as the flexible video generation large model and the image generation large model were officially released. Gai Kun, senior vice president and responsible person of the main site business and community science line of Kwai, said that Kwai has built large models in speech language, recommendation, and visual generation.
Alibaba Using Gen AI Tools to Help Foreign Merchants - Report
Alibaba's (NYSE:BABA) international e-commerce unit is using generative AI-backed tools to help foreign merchants with translation, content creation and product returns, Reuters reported, citing group vice president Kaifu Zhang.
PDD Holdings's Options Frenzy: What You Need to Know
Investors with a lot of money to spend have taken a bullish stance on PDD Holdings (NASDAQ:PDD).And retail traders should know.We noticed this today when the positions showed up on publicly
US stocks hit new highs, with Nvidia up 4.4% leading the technology stocks, Tesla rising for ten consecutive days, and Apple having the highest market cap.
The Nasdaq and S&P 500 large caps hit a new intraday high again, while the Dow Jones weakened; the US stock market's "Seven Sisters" rose except Microsoft, with Nvidia leading the gains, up nearly 4.4%, while Tesla rose more than 2% for ten consecutive days; Apple rose more than 0.6% and still has the highest market cap; chip stocks generally gave back more than half of their gains after rising, Arm Holdings and KLA Corp hit new intraday highs again; Chinese concept stocks index rose.
Tencent Video has released a blockbuster for the summer.
Can the popular products continue?
Temasek Expects Global Economy to Be Robust; Geopolitical Concerns May Weigh
By P.R. Venkat and Rthvika Suvarna Singapore's Temasek Holdings expects a more resilient global economy but warned of risks from geopolitical tensions, particularly between the U.S. and China, and con
Why Do Chinese Stocks Keep Faltering?
BofA Securities China Equity Strategist Winnie Wu says that's due to a combination of factors, including pressures on China's economy and company earnings, as well as a tense geopolitical environment. She says investors should trim SOE holdings and add quality beta stocks.
Alibaba's Domestic E-Commerce Revenue Tipped for Uptick in June Quarter
0434 GMT - Alibaba's domestic e-commerce revenue will likely grow slightly in the June quarter, Citi analysts led by Alicia Yap say in a research note. Gross merchandise value growth was likely aided
US stocks hit new highs, with Apple's market cap surpassing Microsoft's, Tesla rising for the ninth consecutive day, silver futures falling by 3% at one point, and French stocks opening high and falling low.
Waiting for this week's US CPI and PPI inflation and Powell's congressional hearing. The New York Fed survey found that Americans' inflation expectations have fallen for two consecutive months, and the market is still betting on two interest rate cuts later this year. The S&P and Nasdaq have hit new highs for at least four days in a row, and Apple's market cap has surpassed Microsoft to become the largest company. Nvidia's increase has been cut in half after a nearly 4% increase, and TSMC briefly rose more than 4.8% in market cap, breaking the $1 trillion barrier. AI concept stocks such as Arm and Oracle also hit new highs and Intel and Super Micro Computer rose more than 6%. The Chinese concept stock index fell 1%, Xpeng Motors fell more than 6%, and Niu Technologies rose 16%. The second round of the French parliament elections unexpectedly ended without any political party obtaining an absolute majority, and European stocks rose but fell in the final session. The euro and French bond yields also opened high
Express News | Ishares China Large Cap ETF Down 0.6%, Kraneshares CSI China Internet ETF Down 0.9%
Tencent wants to invest money in the most critical areas.
They voluntarily withdrew or contracted many businesses.