1. Alibaba Cuts Stakes to Raise Cash amid Regulatory Landscape - Alibaba plans to sell 25 million Xpeng Inc. shares, raising $391 million, reducing its stake from 10.2% to 7.5%. - It also trims GOGOX stake by 4.7 million shares, decreasing Alibaba's stake to 10.42%. - China's State Council announces stricter rules for non-bank payment institutions effective May 1, 2024. - Regulatory uncertainties may delay Ant Group's spin-off. $BABA-SW(09988.HK)$$Alibaba(BABA.US)$$XPeng(XPEV.US)$$XPENG-W(09868.HK)$$GOGOX(02246.HK)$
SUN Futures(JUL4) Forum
Hang Seng China Enterprises rises 0.9%.
$SHIMAO GROUP(00813.HK)$ $EVERGRANDE(03333.HK)$ $AGILE GROUP(03383.HK)$ $LONGFOR GROUP(00960.HK)$ $SUNAC(01918.HK)$ $CHINA VANKE(02202.HK)$ $SUNAC SERVICES(01516.HK)$ $KWG GROUP(01813.HK)$ $COUNTRY GARDEN(02007.HK)$
There was HKD449.5 million, HKD65.2 million and HKD45.9 million Southbound Trading net outflow from $XPENG-W(09868.HK)$ , $CHINA VANKE(02202.HK)$ and $CNOOC(00883.HK)$ .
For $SH->HK Connect(GangGuTong.HK)$ , $BANK OF CHINA(03988.HK)$ was the most a...
$CHINA VANKE(02202.HK)$ $VANKE OVERSEAS(01036.HK)$ $CHINA VA POFF-D(44012.HK)$ $SUNAC(01918.HK)$ $SUNAC SERVICES(01516.HK)$ $COUNTRY GARDEN(02007.HK)$
$TENCENT(00700.HK)$ 's 1Q24 non-IFRS net profit hiked 54% YoY, beating forecasts, and its share price advanced 4.2% to $397.8.
$BABA-SW(09988.HK)$ shed 2.4%...
The sales volume of China's top 100 real estate companies fell 13% MoM in April. Chinese developers took the lead to decline. $KWG GROUP(01813.HK)$ and $AGILE GROUP(03383.HK)$ plummeted...
Domestic property stocks remained sought after. $LONGFOR GROUP(00960.HK)$ , $CIFI HOLD GP(00884.HK)$ , $GREENTOWN CHINA(03900.HK)$ , $KWG GROUP(01813.HK)$ and $SUNAC(01918.HK)$ rocke...
- Alibaba plans to sell 25 million Xpeng Inc. shares, raising $391 million, reducing its stake from 10.2% to 7.5%.
- It also trims GOGOX stake by 4.7 million shares, decreasing Alibaba's stake to 10.42%.
- China's State Council announces stricter rules for non-bank payment institutions effective May 1, 2024.
- Regulatory uncertainties may delay Ant Group's spin-off.
$BABA-SW(09988.HK)$ $Alibaba(BABA.US)$ $XPeng(XPEV.US)$ $XPENG-W(09868.HK)$ $GOGOX(02246.HK)$