Hang Seng Index to eject Country Garden Services, add handset maker BYD Electronic

scmp.com Inclusion in Hong Kong’s benchmark index boosts capital inflows for companies, as the gauge is commonly used as a reference by passive investment funds, which allocate their…

Alibaba taps AI to defend Chinese e-commerce crown

asia.nikkei.com SHANGHAI -- Facing an increasingly cutthroat e-commerce market at home, China's Alibaba Group Holding is relying on artificial-intelligence-powered tools for both shoppers…

China’s buying of unsold homes lifts sentiment but is no cure-all: analysts

scmp.com planning to buy homes and rent them at affordable rates Authorities in Hangzhou, the capital of China’s Zhejiang province and home to Alibaba Group Holding and carmaker…

Saudi Arabia’s PIF, Michael Burry’s Scion ride the rally in Chinese stocks as they boost stakes in Alibaba and JD.com

scmp.com Saudi Arabia’s PIF, Michael Burry’s Scion ride the rally in Chinese stocks as they boost stakes in Alibaba and JD.com Some heavyweight global investors may have timed their…

Hong Kong stocks rise on China housing policy support measures, US rate-cut bets

scmp.com Hong Kong stocks have been on a tear in recent sessions after China ramped up policy support for the battered property sector and amid dividend tax relief speculations, with…

China property: Hangzhou, the headquarters of Alibaba and Geely, mulls buying unsold homes to boost market

scmp.com The procurement process will run from May 15 to May 24, and the total floor area to be bought will be capped at 10,000 square metres, the bureau said, adding that the…

Alibaba’s Hong Kong primary listing plan can open the doors to China’s 210 million investors

scmp.com The Hangzhou-based company, whose shares are not listed on mainland China, disclosed a progress report on the plan while unveiling its financial results for the financial…

China’s Alibaba profit tumbles 86% though revenue beats estimates

cnn.com China’s Alibaba Group Holding reported an 86% plunge in fourth-quarter profit on Tuesday primarily due to valuation changes from equity investments, pushing its US-listed…

Alibaba, Tencent beat forecasts, auguring well for China’s earnings

scmp.com Net profit at Tencent Holdings, the world’s largest games publisher, jumped by 62 per cent in the first quarter, comfortably beating the consensus forecast compiled by…

Alibaba's profit in Q4 tumbles due to equity investments, New York-listed stock plunges

abcnews.go.com Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending…

Alibaba shares plunge despite quarterly sales beating expectations

asia.nikkei.com HONG KONG -- Alibaba Group Holding's shares plunged over 8% during Tuesday morning trading in New York despite the Chinese e-commerce giant reporting that first-quarter…

BABA Stock Earnings: Alibaba Group Holding Misses EPS, Beats Revenue for Q4 2024

investorplace.com InvestorPlace - Stock Market News, Stock Advice & Trading Tips BABA stock results show that Alibaba Group Holding missed analyst estimates for earnings per share but beat on…

Alibaba chairman Joe Tsai voices confidence in Chinese consumer spending as e-commerce, cloud business units get back on growth track

scmp.com “The growth is pretty good. Consumers are starting to reflect that willingness to spend,” Tsai said. “We’ve all seen some of the growth in the services sector during the May…

Alibaba says Hong Kong listing upgrade coming by August

asia.nikkei.com HONG KONG -- Chinese e-commerce group Alibaba Group Holding said on Tuesday that the long-delayed conversion of its listing in Hong Kong to primary status will be completed…

China's Alibaba beats quarterly revenue estimates, profit drops

finance.yahoo.com China's Alibaba Group Holding beat analysts' estimates for fourth-quarter revenue on Tuesday, as a focus on low-cost goods in response to cautious consumer spending helped…

Hong Kong stocks extend rally to 9-month high before Alibaba, Tencent report earnings while ESR surges on take-private bid

scmp.com Hong Kong stocks extend rally to 9-month high before Alibaba, Tencent report earnings while ESR surges on take-private bid Hong Kong extended a bull run to approach the…

SoftBank Group says Alibaba stake dumped, as it shifts to AI

asia.nikkei.com TOKYO -- SoftBank Group on Monday said it has shed almost its entire stake in Alibaba Group Holding, as it focuses on investments in artificial intelligences after posting a…

Hong Kong proves resilient as Hang Seng Index reclaims 19,000 in bull run

scmp.com The rally added more than US$1 trillion (HKS$7.82 trillion) in capitalisation back to the stock market. Investors were encouraged by policy support from China, as well as…

Softbank posts second quarter of profit as AI boom lifts Arm shares

scmp.com A personalised news feed of stories that matter to you Get more with my NEWS SoftBank posts second quarter of profit as AI boom lifts shares of chip designer Arm reported…

Hong Kong stocks drift on investor caution after weak China data and ahead of key earnings releases

scmp.com Wuxi Biologics slumped 5.1 per cent to HK$14 and Chinese sportswear Li Ning lost 4 per cent to HK$21.40. Property developer China Resources Land sank 3.3 per cent to…

Hangzhou removes all home-buying curbs in most drastic move since Politburo meet

scmp.com China property: Hangzhou takes aggressive step to remove all curbs on home purchases as easing measures snowball across cities Hangzhou, the capital of eastern Zhejiang…

Hong Kong stocks rise as more Chinese cities remove home purchase restrictions

scmp.com China Resources Land added 2.1 per cent to HK$29.75 and its peer Longfor Group Holdings advanced 1.6 per cent to HK$11.68 after the city of Hangzhou removed all the…

Tech war: China’s use of RISC-V chip standard faces headwinds amid US scrutiny and Google’s end of Android support

scmp.com the national security implications of China’s use of the technology However, there are growing signs that Washington is moving to curb China’s use of RISC-V. The US commerce…

Chinese firms’ earnings to rebound amid a pickup in the economy: UBS

scmp.com More than 5,000 companies on the mainland’s three exchanges posted an average 4 per cent decline in earnings year-on-year, according to the Swiss bank. Excluding the…

Chinese unicorn Zhipu AI to launch Sora rival as early as 2024: report

scmp.com Zhipu AI is expecting an explosion of LLMs capable of turning text prompts into videos this year because of growing demands from a diverse array of customers with needs…

Foreigners spend 700% more on Alipay in China over Labour Day holiday as inbound tourism slowly recovers

scmp.com The app benefited from an increased number of international tourists brought in by China’s new visa-free entry policies, the company said. Spending that international…