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KraneShares CSI China Internet ETF Newsroom
PDD Holdings Unusual Options Activity
Investing in Hong Kong, Alibaba has arrived! Alibaba's Entrepreneur Fund has established a 0.15 billion dollar AI Fund.
① Alibaba's Entrepreneur Fund announced the establishment of an AI Fund, amounting to 0.15 billion USD, primarily covering Industries where AI can be deeply applied. ② Almost at the same time, ByteDance founder Zhang Yiming also arrived, and his investment Institutions officially acquired Hong Kong's No. 9 license to start investing in the AI field. ③ This year, Hong Kong ranks eighth among the top ten regions globally in terms of total financing for AI enterprises.
Asia Markets Mixed as Investors Assess China Rate Decision; Eyes on PCE Inflation Data
Fubon Insurance has released the price for clearing 16.667% equity of its parent company, Tencent Weibo, which is valued at 70% of its worth three years ago.
① The transaction price for the Equity Transfer of Tengfubo is RMB 1.9 per share, with a total transfer price of RMB 0.236 billion; ② It is reported that in 2021, the Equity Transfer was RMB 2.61 per share, and three years later, Tengfubo's valuation has been discounted to 73%; ③ Tengfubo is the parent company of Tencent Weiba, established by Yimashentong and Fubon Property & Casualty Insurance, both subsidiaries of Tencent.
As the Spring Festival holiday approaches, the tourism Industry is expected to pick up, and these Concept stocks are frequently being investigated.
The Spring Festival holiday is from January 28 to February 4, 2025, totaling 8 days.
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
EXCLUSIVE: Are Apple, Tesla 2025's Tech Titans Or Bubble Trouble? Kurv CEO Dishes On AI, Cloud And More
WeChat can now send gifts, under 0.01 million yuan.
Unleash the big killer strategy for e-commerce.
US Morning News Call | Stock Index Futures Rebound a Day After a Selloff Prompted by the Fed
Apple Reportedly In Talks With Tencent, TikTok-Parent ByteDance To Roll Out AI Features In China
Asia Markets in Red Tracking Wall Street Sell-off Amid Hawkish Fed Stance; BOJ Keeps Rate on Hold
Meituan Drone delivery has received permission in Dubai, entering the Middle Eastern market | Insights on Going Overseas.
① With the issuance of licenses, Meituan's Drone Business officially starts Operation in Dubai Silicon Valley, bringing a new delivery model to the Middle Eastern market. ②"Ideally, Keeta is expected to replicate the success of Hong Kong in Saudi Arabia, but as the first Chinese takeaway giant to enter Saudi Arabia, Meituan is likely to bear the risks and growing pains of this unique Global market."
MrBeast's New Game Show To Premiere On Amazon Prime Video Thursday: Why Billionaire David Tepper May Be Watching
Asia Markets Mostly Lower Mirroring Wall Street's Losses; Investors Assess Japan's Trade Data
Investment losses have dragged down solvency for many years, and Fubon Property Insurance has cleared its 16.667% stake in Tencent Weifang, with the latest risk comprehensive rating being category BB.
① Fubon Insurance and Fubon Financial Holding's two subsidiaries "liquidated" their 16.667% stake in Tencent's insurance subsidiary Tengfu Bo, with Yima Shentong as the transferee; ② Yima Shentong is a wholly-owned subsidiary of Tencent, and after the transfer, its stake in Tengfu Bo will first exceed 90%; ③ The transfer of shares by Fubon Insurance may be to avoid continuing investment losses that could impact solvency, as the company's latest comprehensive risk rating is classified as BB.
Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
Eight Overseas wallets have been integrated into WeChat Pay, allowing direct payment through WeChat scanning.
① WeChat Pay has added access for 8 Overseas Institutions wallets. ② WeChat Pay will also expand "outsourcing for internal use" to over 10 Overseas Institutions wallets in multiple countries and regions, including South Korea, Singapore, and Malaysia.
Alibaba Stock Rises Marginally In Overnight Trading On Robinhood Despite $1.3 Billion Loss From Sale Of Chinese Retail Chain Intime
Alibaba lost 9.3 billion and sold 100% of its shares in Intime, while Youngor Group made another successful investment.
① Alibaba will sell 100% equity of Intime Department Store to a buyer consortium composed of Youngor Group and Intime management team members. ② This year, Youngor Group has strengthened its investment in physical businesses, opening 13 new fashion experience stores offline. ③ Alibaba entered Intime in 2014 and gradually became the largest shareholder; as New Retail progressed to a decline, Alibaba ultimately let go of Intime.
Asia-Pacific Markets Trade Mixed Ahead of Central Bank Meetings