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Express News | Ishares China Large Cap ETF up 2.9%, Kraneshares CSI China Internet ETF up 3.6%
Express News | Alibaba up 4%, PDD Holdings up 3.7%, NetEase up 2.6%, Baidu up 3.2%
Express News | Li Auto up 3%, JD.com up 5.9%, NIO up 5.4%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Domestic Stocks Close Higher After Fed Rate Cuts
Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
Goldman Sachs: Mainland China's e-commerce participation in August increased by 8%, and Alibaba's DAU share remained stable at 41%.
Goldman Sachs released a research report, indicating that according to the statistics from QuestMobile, the total usage time of the top 400 mobile applications (APPS) in China increased by 6% YoY in August this year, faster than the 4% growth in July. The growth rate of e-commerce APPs reached 8%, slower than the 15% growth in July, while gaming APPs slightly declined by 1% compared to the same period last year. Specifically, user engagement on e-commerce platforms remains robust, with JD.com (09618.HK)(JD.US) and PDD Holdings (PDD.US) experiencing YoY growth in usage time of 24% and 16% respectively, while Alibaba's (0
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