Express News | Alibaba: On November 4th, spent approximately $20 million to repurchase 1.6176 million shares.
alibaba - SW (09988.HK) spent $19.994 million to repurchase 1.618 million shares on November 4th.
Gelonghui November 5th丨alibaba-SW (09988.HK) announced that it repurchased 1.618 million shares for $19.994 million on November 4.
In the Hong Kong stock connect program, there was a net outflow of 1.016 billion Hong Kong dollars from SMIC.
There was a net inflow of northbound funds into Tencent (00700.HK), Meituan (03690.HK), and Kuaishou-W (01024.HK), reaching 0.663 billion Hong Kong dollars, 0.274 billion Hong Kong dollars, and 0.201 billion Hong Kong dollars, respectively. There was a net outflow of northbound funds from SMIC (00981.HK), Sunac (01918.HK), and CNOOC (00883.HK), reaching 1.016 billion Hong Kong dollars, 0.139 billion Hong Kong dollars, and 0.123 billion Hong Kong dollars, respectively. The stock connect (Shanghai) saw the highest net capital inflow into Tracker Fund of Hong Kong (02800.HK) at 2.025 billion Hong Kong dollars.
Express News | Southbound funds recorded a significant net inflow of 9.425 billion Hong Kong dollars today, while Semiconductor Manufacturing International Corporation experienced a net outflow of 1.016 billion Hong Kong dollars.
Express News | Ishares China Large Cap ETF up 2.8%, Kraneshares CSI China Internet ETF up 3.1%
Express News | Li Auto up 2.1%, JD.com up 2.4%, NIO up 3.9%, Xpeng up 4.9%
Express News | PDD Holdings up 2.3%, NetEase up 1.5%, Baidu up 2.5%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Domestic Stocks Close at 4-Week High
US stocks are active | alibaba rose by about 3% before the market opened, with taobao's $10 billion super subsidy order volume exceeding 0.1 billion.
November 5th, Gelonghui | Alibaba (BABA.US) rose 2.7% to $101 in pre-market trading. In terms of news, this year during the Tmall November 11 shopping festival-related period, Taobao's billion-yuan subsidy has been significantly upgraded to a super-billion subsidy activity. As of November 3, the order volume of the Taobao super-billion subsidy has exceeded 0.1 billion, a significant increase compared to the same period last year. In addition, on November 1, the company spent approximately $19.9728 million to repurchase around 1.6332 million shares. (Gelonghui)
Express News | China assets ETF and Chinese concept stocks continued to rise in the night session, with 3x long FTSE China ETF surging nearly 8%, 2x long China internet-related stocks ETF, 2x long 300ETF rising over 6%; xpeng surged over 5%, bilibili rose nearly 5%, nio
Alibaba (09988.HK) upgraded the 'november 11 shopping festival-related' Taobao subsidy to a super subsidy, with order volume exceeding 0.1 billion orders.
Alibaba (09988.HK) (BABA.US) announced that this year during the Tmall november 11 shopping festival-related period, Taobao's tens of billions of subsidies have been significantly increased, upgraded to a hundred billion super subsidy event. As of November 3, the order volume of Taobao's hundred billion super subsidy has exceeded 0.1 billion, a significant increase compared to the same period last year, and has driven the turnover of industries such as household appliances, home decoration, sports outdoor, to increase by over 350% year-on-year. Orders for clothing and 3C digital products have also increased by 200% and 100% respectively.
Taobao's 'Double Eleven' data: The transaction volume of 471 home appliance brands doubles.
alibaba-SW (09988.HK)(BABA.US) e-commerce platform Taobao's 'Double Eleven' home appliance spot sales started from 8 p.m. on October 14. This year, with the first addition of government subsidies to Taobao's 'Double Eleven' discounts, it has driven a collective 'surge' in home appliance brands. Data shows that in the first hour, the overall transaction volume of large appliances increased by 765% compared to the same period last year of 'Double Eleven' pre-sale; after four hours of sales, including TCL, Siemens, Fotile, and Xiaomi (01810.HK), the transaction volume of 471 home appliance brands doubled. Shanghai, Shandong, Guangdong, Zhejiang, and Sichuan have become the top regions for Taobao home appliances to be traded in for new ones.
Express News | China concept stocks and China assets ETF strengthened in the night session, with a more than 5% increase in the 3x long FTSE China ETF. Xpeng, IQiyi rose more than 4%, Zeekr, Nio Inc rose nearly 4%, Baidu, Bilibili, Alibaba rose more than 2%.
China A-Share Earnings Could See Notable Recovery in 1H
IDC: The market size of China's game cloud reached $0.91 billion in the first half of 2024, a year-on-year increase of 5.9%.
International Data Corporation (IDC) has released the latest report on China's Game Cloud Market Tracking in the first half of 2024.
Tmall's november 11 shopping festival-related, unexpected outbreak of home appliances.
From platforms to enterprises, and then to the policy level, this year's singles' day sales is considered a very important topic to promote consumer spending and maintain growth. As a result, this year's singles' day sales has been quite significant for several years. For consumers, there are now more reasons to reignite their enthusiasm for consumption.
On November 4th, buyback rally | hsbc holdings, aia and other companies have started buybacks, with hsbc holdings spending 0.197 billion Hong Kong dollars.
According to hkex disclosure on November 5, hsbc holdings (00005.HK), aia (01299.HK), among others, repurchased shares. ① Hsbc holdings (00005.HK) repurchased 2.7484 million shares of common stock on November 1, involving an amount of 0.197 billion Hong Kong dollars, with a repurchase price per share ranging from 71.85 Hong Kong dollars to 71.4 Hong Kong dollars. ② Aia (01299.HK) repurchased 1 million shares of common stock on November 4, involving an amount of 62.0256 million Hong Kong dollars, with a repurchase price per share ranging from 62.25 Hong Kong dollars to 6
Selected announcement | Yum China's net income in the third quarter increased by 22% year-on-year; Yuexiu Property's sales in October increased by about 47%.
Ronshinechina: Sales in October were 0.659 billion yuan, a decrease of 61.12% year-on-year; Agile Group: Contract sales in October were 1.39 billion yuan, a decrease of about 60% year-on-year.
Futu Morning Post | Countdown to the election! The panic index VIX is burning high and uncertainty is haunting the market nerves; Up nearly 13% after hours! Palantir raises full-year revenue guidance
Jpmorgan warns: If Trump wins on Wednesday, the Fed may pause the easing cycle as early as December; Will the US stock market hit new highs after the election? Jpmorgan: FOMO psychology boosts, S&P may hit 6100 points by the end of the year; US polls: Harris and Trump are neck and neck in key 'swing states'.
Sealand Securities: It is recommended to pay attention to the layout opportunities of the overall improvement in the margins of the e-commerce industry in the future.
Sealand Securities maintains its 'recommended' rating on the overseas industry, bullish on the performance recovery of traditional e-commerce platforms and live e-commerce platforms, and recommends focusing on the layout opportunities as the overall margin of the e-commerce industry improves in the future.