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Express News | The e-commerce platform Business has been handed over to Taotian, and Cainiao has truly become a Logistics company.
Express News | Alibaba: On January 10, approximately 39.988 million dollars were spent to repurchase 3.9456 million shares.
Express News | Chinese concept stocks are rising in Pre-Market Trading, with Xiaopeng Autos up over 10%, Bilibili and Li Auto rising nearly 5%, JD.com rising 4.4%, and PDD Holdings, Baidu, and Alibaba rising over 2%.
Hong Kong Market Quick Look | Hong Kong stocks were strong all day! The Hang Seng Index firmly held above the 19,000 mark, with the Tech Index rising over 3%; Tencent Related stocks surged, with Weimeng up over 26% and Youzan up over 8%.
Network Technology stocks rose, with JD-SW increasing by 5.35% and MEITUAN-W rising by 5.02%; CECEP Solar Energy stocks climbed higher, with FLAT GLASS up by 5.57% and FUYAO GLASS up by 5.06%; Autos stocks advanced, with LEAPMOTOR increasing by 13.00% and XPENG-W rising by 8.47%;
Macquarie: Maintains BABA-SW (09988) "Outperform Market" rating, Target Price lowered to HKD 133.1.
Macquarie lowered its forecast for Alibaba's adjusted EBITA for the third fiscal quarter ending last December and for the next fiscal year by 1% and 2%.
Express News | Huanjie Cloud Computing has received strategic investment from Alibaba Cloud.