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Looks Like The Bull Market's Back (For Now)
Chinese Tech Giants Alibaba And Tencent Ramp Up AI Investments, With Nearly A Third Of Deals Since 2023 Aimed At AI Startups
Walmart and jd.com have "broken up".
Walmart eases the funding pressure of its diversified global strategy.
Alibaba-Rival JD.Com Plummets Over 7% in Pre-Market After Largest Shareholder Walmart Sells Stake To Reportedly Raise $3.74M
Asia-Pacific Stocks Mostly Fall Tracking Losses in Global Market; Japan's Trade Swings to Deficit
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.
JD.com's stock price plummeted, and the media reported that its largest shareholder, Walmart, is seeking to sell 0.14 billion shares.
Media reports that Walmart's quote for trading 0.1445 billion shares of JD.com stocks is at a minimum of $24.85 per share, discounting 11.8% compared to JD.com's Tuesday closing price. Updating.
Express News | Baidu Down 1.4%, Weibo Down 5.2%, Xpeng Down 2.2%, Ishares China Large Cap ETF Down 1.4%; Kraneshares CSI China Internet ETF Down 2.6%
Express News | Alibaba Down 2.1%, Bilibili Down 2%, Li Auto Down 3.6%, JD.com Down 4.2%, PDD Down 1.2%
Express News | U.S.-Listed Shares of Chinese Firms Slip After Domestic Stocks Close Lower
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