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KraneShares CSI China Internet ETF Newsroom
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
Express News | Trump Says China and US Can Solve All the World's Problems.
Here's How Much You Would Have Made Owning PDD Holdings Stock In The Last 5 Years
Billion-dollar government Fund, trillion-dollar Consumer market! The ice and snow industry is "fully powered up".
① As December arrives, ski resorts and ice rinks across the country enter a peak operation period, with A-share ice and snow Concept stocks performing actively, and several individual stocks reaching new price highs. ② Recently, Jilin Province proposed to increase financial support and establish an investment Fund for the ice and snow industry with 1 billion yuan, coordinating various types of financial specialized support for the ice and snow economy amounting to 0.5 billion yuan.
Asia Markets Mixed as Traders Assess Mixed Economic Data in the Region; Eyes on Major Central Back Decisions
China's Nov Retail Sales Slows as Stimulus Impact Fades; Unemployment Rate Held Steady
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
U.S., China Extend Key Science & Tech Cooperation Deal Amid Trade, Trump Tensions
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Peering Into PDD Holdings's Recent Short Interest