Baidu Climbs After Beijing Proposes Draft Rules for Robotaxis - Report
Baidu's (NASDAQ:BIDU) stock jumped about 10% in Hong Kong on Wednesday after Beijing authorities said on Tuesday that they will support the introduction of robotaxis in ride hailing and car rental fleets in the city, Bloomberg News reported.
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
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.
PDD Holdings Unusual Options Activity
High-rolling investors have positioned themselves bullish on PDD Holdings (NASDAQ:PDD), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's
Express News | Ishares China Large Cap ETF Down 2%, Kraneshares CSI China Internet ETF Down 2.3%
Express News | Ishares China Large Cap ETF up 1.5%, Kraneshares CSI China Internet ETF Gains 2.5%
Express News | PDD Holdings up 1.5%, NetEase Gains 2%, Baidu Rises 2.2%
Express News | U.S.-Listed Shares of Chinese Firms Rise Tracking Hong Kong Shares Surge
Express News | Li Auto Climbs 4.7%, JD.com Adds 1.8%, NIO up 4.5%, Xpeng Rises 3.3%
Meituan plays the card of "Must-Try Ranking".
The content means traffic.
Alibaba has launched an AI super application.
When pdd holdings surpassed Alibaba's market cap in November last year, Jack Ma encouraged his team internally, saying that the era of AI e-commerce has just begun and it is an opportunity for everyone.