Market Chatter: Alibaba Considers Sale of Sun Art Hypermarket Chain Stake
Taobao officially announced: now supports WeChat Pay!
On September 27th, Taobao announced that it now supports multiple payment methods such as Alipay and WeChat Pay. To experience this, update the app to the latest version. Earlier this month, Taobao and Tmall officially announced the addition of WeChat Pay capabilities after lifting a previous restriction.
Alibaba Cloud collaborates with nvidia to challenge the key level of 100 Hong Kong dollars in stock price.
This week, the stock market experienced a surge, with technology stocks particularly shining in the Hong Kong stock market. Alibaba (09988) rose more than 13% this week. According to news from earlier this week, Alibaba Cloud announced at its annual flagship event Yunqi Conference that its self-developed Tongyi Large Model, a generative AI platform called 'Bailian,' has served over 0.3 million customers, a significant increase from the 0.09 million customers in May this year. Alibaba Cloud, through the Tongyi Large Model and its scalable global cloud infrastructure, provides better customer experience and mature innovative solutions to customers in industries such as autos, gaming, tourism, and news technology.
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Friday; BlackBerry, Super Micro Computer to Decline
Express News | Alibaba's chain supermarket Sunart Retail is reportedly attracting private equity interest, with potential buyers including Dehong Capital and Hillhouse Capital. (Sina)
Putting half of his wealth into Chinese concept stocks, 'The Big Short prototype' Michael Burry made a profit this time.
As of June 30th, stocks of Alibaba, baidu, and jd.com together account for about 46% of Burry's entire investment portfolio. Billionaire investor David Tepper previously stated that now is the time to 'buy everything', as Chinese stocks still have a lot of upside potential.
This week in the US stock market | China's assets experience a "big carnival", goldman sachs and other major banks are all bullish! Ke Holdings surged nearly 40% during the week, with jd.com and pdd holdings rising by about 30%.
This week, the Dow Jones Industrial Average rose by 0.27% to 42175.11 points; during the same period, the S&P 500 index rose by 0.75% to 5745.37 points; the Nasdaq index rose by 1.35% to 18190.29 points during the same period.
Alibaba, JD Shares Riding High In Friday Pre-Market: What's Going On?
Daily Options Recap | Chinese index continues to soar! KWEB call option hits nearly a hundredfold profit; AI wave ignites storage demand, micron technology trading is hot.
Under investigation by the US Department of Justice! Super Micro Computer fell more than 12% the previous trading day, put options surged to 52.6%, options volume increased significantly by 3.7 times to 0.617 million contracts compared to last night; on the options chain, the highest trading volume belongs to put options with a strike price of $400 expiring today, reaching 0.028 million contracts.
During the november 11 shopping festival-related, the 'Return Treasure' system systematically reduced prices, with some merchants cutting prices by up to 58%.
According to internal media reports, Taobao's new service "Return Treasure" for the return and exchange scene has once again experienced a systematic price reduction. This round of price reduction will continue from today (27th) until the end of the November 11 shopping festival, with some merchants offering discounts of up to 58%. "Return Treasure" is a service launched by Taobao in early September for all Taobao Tmall merchants. After merchants join, as long as consumers place orders to purchase goods with the "Return Treasure" service label, apply for returns or exchanges when the order is shipped, and ultimately successfully return or exchange the goods, consumers will receive a guarantee of free shipping for the first weight of the return or exchange. Taobao estimates that after the launch of "Return Treasure", the scale of cost reduction for merchants is expected to be at least 2 billion yuan for the whole year.
Hong Kong stocks are popping champagne! The Hang Seng Tech Index soared more than 20% in a week, while the Hang Seng Index's year-to-date gain has exceeded the S&P. What other opportunities are worth exploring?
Multiple fund companies and fund managers suggest that investors can focus on two main directions in the Hong Kong stock market: on one hand, pay attention to opportunities in interest rate-sensitive industries in the growth track, such as internet, electric vehicles, technology hardware, and biomedical sectors with longer durations; on the other hand, focus on high dividend-paying symbols with more certain shareholder returns.
The movie 'The Big Short' is based on betting half of the stocks in China! It is expected to profit 34% per trade.
Until the second quarter of this year, this legendary investor is still buying alibaba stocks, increasing their stake by 24%.
"Return Treasure" further reduces prices! Starting today until the end of november 11 shopping festival-related, with discounts of up to 58%.
Gelonghui September 27th | Tmall's november 11 shopping festival-related to receive two heavyweight bullish news again! On the one hand, Tmall's november 11 shopping festival-related investment is once again increasing! According to Gelonghui, Taobao's new service 'Return Treasure' tailored for returns and exchanges scenes has once again undergone systematic price reductions. This round of price reductions will start from September 27th and last until the end of november 11 shopping festival, with some merchants experiencing a maximum reduction of up to 58%. On the other hand, starting from September 27th, Taobao has fully launched the WeChat Pay function, which is another huge positive development for merchants and has the potential to bring in scalable new users in the sinking market, generating more business growth during the november 11 shopping festival. According to Taobao's calculations, after the launch of 'Return Treasure', the entire
Citi: Partnership between Alibaba-SW (09988) and jd.com Logistics (02618) may reduce merchants' operating costs.
Citigroup believes that China's internet industry will face multiple revaluations, and the basic profit margin situation may enter an upward adjustment cycle as China's economy rebounds.
Major rating agency | Citigroup: China's internet industry is expected to face multiple revaluations, and the basic profit margin is expected to enter an upward adjustment cycle.
GruntHui on September 27th. Citi's report suggests that further cooperation between alibaba and jd.com logistics may indicate they will focus on improving the user and merchant experience, strengthening brand awareness among partners and stakeholders, and becoming more inclusive industry participants. Citi believes that this collaboration may also signify leading internet companies joining forces to collectively drive consumer recovery, and more importantly, improve the synergy of merchants' multi-store operations to help reduce operating costs and increase merchant profits. This may also suggest that major platforms, while maintaining benign and necessary competition, will prioritize users and merchants.
It is reported that Taobao and Tmall will integrate jd.com logistics (02618.HK). jd.com (09618.HK) will integrate Cainiao.
According to reports from 'Late Post', Alibaba (09988.HK) and jd.com (09618.HK)'s e-commerce and logistics platforms will further integrate. Taobao Tmall is expected to be able to access jd.com logistics by mid-October at the earliest, while jd.com will also access Cainiao Express and Cainiao Station logistics services. The report also mentioned that jd.com may also accept payments through Alipay by users, and may be launched before the 'november 11 shopping festival-related'. Taobao officially announced that starting today (the 27th), users can use WeChat Pay under Tencent (00700.HK) for shopping on Taobao.
Hong Kong stocks have been soaring for days on heavy volume, haven't jumped on board yet? These directions are still worth paying attention to.
In recent days, the heavy-duty policy bullish continues to catalyze, with large funds actively buying assets in China, and the market's bullish sentiment towards China has been fully ignited. Beneficiary sectors have already risen in advance. Lowering mortgage rates is bullish for consumer spending, with sectors like alcohol, gold, and jewelry taking the lead, while opportunities for biomedical and real estate stocks are worth looking forward to.
Hedge fund tycoon Tepper: sells nvidia(NVDA.US) and buy chinese stocks.
Billionaire investor David Tepper expressed hesitation about whether to buy more nvidia stocks.
Alibaba (09988.HK) was selected as the eighth in the global "Change the World" list by Fortune.
"Fortune" magazine announced the 2024 "Change the World" ranking, with Alibaba Group (09988.HK)(BABA.US) ranking eighth on the list by leveraging AI technology, being the only Chinese company in the top ten of the list. This year marks the tenth year of the publication of the list by "Fortune" magazine, with Alibaba making its sixth appearance, becoming the Chinese enterprise with the most appearances on the list. The "Fortune" ranking shows that Alibaba's csi leading technology index advantage in AI technology, collaborating with more than ten global medical institutions, has launched the PANDA artificial intelligence model to assist humanity.
Citi Maintains Alibaba(BABA.US) With Buy Rating, Maintains Target Price $116