Express News | Alibaba: On December 3, spent approximately $39.988 million to repurchase 3.7224 million shares.
Major bank rating | Citigroup: Maintains a positive outlook on Tencent, will include Trip.com and Meituan as core holdings.
Gelonghui, December 5 | Citigroup released a research report stating that in the fourth quarter of this year and heading into the first quarter of next year, they maintain a positive view on Tencent and include Ctrip and Meituan in their core holdings. The bank's preference ranking for e-commerce over the next two to three months will be jd.com, ali, and pdd holdings, considering the higher visibility of revenue and profit growth trends and the potential continuation of the exchange-for-new program. The bank also recommends adding netease and tencent music as defensive investment symbols, viewing full truck alliance as a choice for rapid growth, while ali pictures focuses on content. The bank stated that mainland internet plus-related companies are expected to exceed profit expectations in the third quarter of fiscal year 2024.
Citigroup: Future e-commerce preference rankings in the next two to three months will be jd.com (JD.US), Alibaba (BABA.US), pdd holdings (PDD.US).
Citigroup released a research report indicating a positive outlook on Tencent (00700.HK) for the fourth quarter of this year and moving towards the first quarter of next year. They have also added Trip.com-S (09961.HK) (TCOM.US) and Meituan-W (03690.HK) to their core holdings. In the next two to three months, the ranking of e-commerce preferences are JD-SW (09618.HK) (jd.com), followed by Alibaba-W (09988.HK) (BABA.US), and finally pdd holdings (PDD.US). The ranking takes into account higher visibility in revenue and profit growth trends.
Burned 1.8 billion, the market share less than 1%! Did Alibaba raise another "prodigal son"? | BUG
Recently, a Ali-affiliated online car-hailing platform rushing to list on the Hong Kong Stock Exchange has attracted attention. Shengweidai, this relatively unknown company, operates the online car-hailing brand called "365约车". With Ali Travel as its largest shareholder and the support of Amap's traffic, it is able to compete with mainstream online car-hailing platforms. In its prospectus, it claims to be China's second largest online car-hailing platform, but the calculation method is based on the number of network-based rental car operation permits. If calculated by order volume, its market share in the first half of this year is even less than 1%. In addition, although it has gained many orders through Amap, but
Daily Bulls and Bears | Bullish sentiment warms up! Hang Seng Index's latest bull-to-bear street goods ratio rises to 60:40; crude oil prices rebound, CNOOC's call options surge more than 170%
As of the market close, the total market turnover was 131.197 billion Hong Kong dollars; the total turnover of all warrants and callable bull/bear contracts amounted to 11.591 billion Hong Kong dollars, accounting for 8.8% of the market turnover, with long positions accounting for 5.2% and short positions accounting for 3.7%.
Alibaba-backed Xreal Launches Augmented Reality Glasses With New Chip as Meta Rivalry Heats up