Express News | Alibaba: Repurchased 5.6904 million shares on September 11, costing approximately $59.9841 million.
Increasing customer volume? Taobao gradually opens WeChat Pay today. Currently, some merchants have already started using it.
Starting from today, all Taobao and Tmall merchants will gradually open WeChat Pay. Currently, merchants are being invited in batches. Some merchants can see the invitation to open in Qianniu, and once they agree, they can immediately start using it.
Ant Group Co., Ltd. acquired 100% stake in the affiliated company, Haodafu Online.
Recently, Interactive Peak Technology (Beijing) Co., Ltd. has undergone a commercial change. The shareholders Wang Hang, founder of Haodafu Online, and Lei Jun have exited, and Ant Group Co., Ltd., a wholly-owned subsidiary of Shanghai Yun Wei Enterprise Management Consultant Co., Ltd., has been added as a shareholder, holding 100% of the shares.
Big Bank Ratings | J.P. Morgan Chase: Alibaba's Technology Catalyst Reveals, Maintains “Gain” Rating
Glonghui, September 12 | J.P. Morgan Chase released a report stating that Alibaba officially joined the Hong Kong Stock Connect on Tuesday (10th). On the same day, Alibaba Hong Kong's stock price rose 4%, up 0.2% from the Hang Seng Index during the same period, and recorded a capital inflow of 8.4 billion HKD, accounting for 90% of the total southbound capital inflow on the same day, and its transaction volume doubled to HK$16.9 billion, accounting for about 15% of the total Hong Kong stock market turnover of HK$107 billion on the same day. Although the bank expects that the full impact of Ali's inclusion in Hong Kong Stock Connect and southbound capital inflows will take a few months to become apparent, it believes that based on the basic development of domestic e-commerce, Ali will become its key stock price driver within 6 to 12 months
Hong Kong stock market midday review | The three major indices are all up, with the Hang Seng Index rising nearly 1%; golden industrial concept stocks and biotechnology stocks are strong, with Zijin Mining Group up nearly 5% and Akeso continuing to rise n
The three major stock indexes in the Hong Kong stock market continued the rebound momentum from yesterday in the morning session. The Hang Seng Index and the HSI Index rose 0.97% and 1.05%, respectively. At one point during the session, both indexes reached a high of 1.8%. The Hang Seng Tech Index increased by 0.74%, returning to 3500 points.
Alibaba (9988.HK) reaches a new one-year high.
On September 13, GLH | Alibaba (9988.HK) rose 1.74% to HKD 84.65 at one point during trading, reaching a new high since September 2023. Yesterday, the net purchase of Alibaba by southbound funds was HKD 3.513 billion. As of yesterday, within the three trading days since its inclusion in the Hong Kong Stock Connect, southbound funds have accumulated a net purchase of Alibaba of HKD 15.106 billion.