Express News | Ishares China Large Cap ETF Down 1.9%, Kraneshares CSI China Internet ETF Down 3.1%
Express News | Li Auto Down 4.9%, JD.com Slips 4.4%, NIO Falls 6.4%, Xpeng Losses 5.8%
China Headwinds Signal Need to Bolster Consumer Confidence
China's latest economic data suggest continued supply-side momentum but challenges on the demand end, says Chaoping Zhu, global market strategist at J.P. Morgan Asset Management. Exports have grown
China 2Q GDP, June Activity Data Paint Dim Demand Picture
China's weaker-than-expected 2Q GDP and mixed June activity data signal that domestic demand remains sluggish, Goldman Sachs analysts say in a note. Real GDP growth slowed on year in 2Q despite a
10 Communication Services 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
The Top Growth Stocks, Ranked by Seeking Alpha Analyst Ratings
Alipay has once again surged to the forefront.
Consolidate the position.
Shares of Chinese Stocks Are Trading Higher Following an Increase in China's June Exports.
Shares of Chinese Stocks Are Trading Higher Following an Increase in China's June Exports.
China's Third Plenum May Hold Less Weight This Year
China's Third Plenum, a traditionally significant policy-making event, to be held next week may not matter much this time, Maybank analysts say. With China facing an increasingly competitive,
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.
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.