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SPDR S&P China ETF Newsroom
Earnings Reports preview of Chinese Internet Plus-Related giants: E-commerce recovery boosts Alibaba's quarterly performance, video account advertising may drive Tencent's profits beyond expectations, and food delivery supports Meituan's continuous growth
JPMorgan expects that Alibaba will benefit from the recovery in e-commerce GMV and cost control, with profitability likely to improve. Total revenue for the third fiscal quarter is expected to grow by 8% year-on-year, and Taotian Group's adjusted profits are expected to increase by 6% year-on-year. Nomura anticipates that due to strong performance in the gaming business and growth in video account advertising, TENCENT's total revenue in Q4 may also increase by 8% year-on-year. Meituan's total revenue in the fourth quarter is expected to grow by 20% year-on-year to 88.13 billion yuan, while profit is expected to soar 197% year-on-year to 9.45 billion yuan.
Express News | Alibaba: On January 24, approximately 9.9818 million USD was spent to repurchase 0.9072 million shares.
China Unveils Measures to Promote Index Investments
China's Factory Activity Unexpectedly Contracts in Jan, Growth in Services Sector Slows Significantly
Is Bilibili also unattractive? China Construction Bank and Postal Savings Bank continue to suspend the issuance of co-branded credit cards, with about a hundred co-branded cards exiting the market last year.
On January 26th, China Construction Bank announced on its official website that it would stop issuing the Long Card Bilibili Credit Card Space Exploration Edition and the Long Card Bilibili Credit Card Three-Body Animation, effective tomorrow. Previously, the Postal Savings Bank Of China had also officially announced the cessation of the issuance of the China Resources Co-branded credit card. According to incomplete statistics from the Financial Association, the number of co-branded credit cards that major banks have stopped issuing in 2024 has reached about one hundred.
There is a heated discussion overseas about DeepSeek, which may be reshaping the landscape of the AI Industry.
Recently, discussions about DeepSeek have intensified overseas. On January 23, the website of the Financial Times in the United Kingdom published a commentary stating that the success of DeepSeek marks China's increasingly strong independent innovation ability in the field of AI. The article pointed out that DeepSeek is not an isolated case; since mid-2024, Chinese technology companies such as Alibaba, Tencent, and ByteDance have been steadily narrowing the gap with their counterparts in the USA, gradually approaching their capabilities and achieving cost-effectiveness, and this growth efficiency is not a coincidence.
Now's the Time to Invest Beyond U.S. Stocks and Bonds: Morgan Stanley's Top Wealth Manager
Shares of US-listed Chinese Stocks Are Trading Higher Amid China's Efforts to Get Insurers to Invest in Stocks and Support Markets.
Express News | The Ministry of Commerce and eight other departments: Stabilize and expand Consumer in Autos, cultivate and grow consumption of Asia Vets in New energy Fund.
Express News | Alibaba: On January 23, spent approximately 9.9826 million dollars to buy back 0.9328 million shares.
Xiaomi Autos recalled 0.031 million SU7 standard version electric vehicles.
① Xiaomi Autos has filed a recall plan with the National Market Supervision Administration, recalling some SU7 standard version electric vehicles produced from February 6 to November 26, 2024, totaling 30,931 units. ② This recall is due to a Software strategy issue that may cause timing synchronization anomalies, affecting the Asia Vets parking assist function's detection of static obstacles, which increases the risk of scratches or collisions.
Express News | Xiaomi has recalled a total of 30,931 SU7 standard edition electric Autos.
Asia Markets Rise Tracking Wall Street Gains on Trump Remarks; BOJ Hikes Rates Amid Higher Wages, Inflation
Market overview | Is the "Chinese New Year red envelope" market trend reappearing? The Hong Kong stock market is rallying across the board, with the Hang Seng Index rising over 2% and the Tech Index rising over 3%.
All three major indexes in Hong Kong are rising, with star Network Technology stocks and the mobile Industry Chain collectively pushing higher; chip stocks performing well, Semiconductor Manufacturing International Corporation rising nearly 4%, and HUA HONG SEMI increasing by over 3%.
Daily Bull and Bear | The Hang Seng Index night futures closed at 19,801 points, with a net Inflow of 45 million HKD for long positions; five ministries promote the entry of medium and long-term funds into the market! The subscription certificates of Cons
As of the market close, the total turnover was 148.515 billion HKD, with a combined turnover of all call and put warrants at 12.746 billion HKD, accounting for 8.6% of the total market turnover, of which bullish positions accounted for 5.6% and bearish positions accounted for 3.0%. The turnover for call warrants was 2.825 billion HKD, and for put warrants, it was 1.251 billion HKD; the turnover for bull certificates was 5.476 billion HKD, and for bear certificates, it was 3.394 billion HKD.
1 trillion yuan in five years! Bank Of China has launched a comprehensive financial support program for AI.
Bank Of China plans to provide a total of no less than 1 trillion yuan in specialized comprehensive financial support for various entities across the entire Industry Chain of AI within the next five years, including a combined total of no less than 300 billion yuan for stocks and bonds.
U.S. stock market closing | All three major Indexes rose, with the S&P continuing to hit new highs; Nuclear Power stocks performed strongly, with OKLO and SMR rising over 13%; Meta rose over 2% to reach a record closing high.
Trump calls on the Federal Reserve to lower interest rates immediately. The chip Index and NVIDIA briefly fell over 2%, but ultimately NVIDIA turned to rise, while Tesla fell. Industrial stock Caterpillar boosted the Dow by 400 points. Quantum computing stock Quantum fell over 6%. Nuclear Power stock Oklo, held by Sam Altman, turned to rise over 13%. Electronic Arts Inc fell nearly 17%. After a 0.7% decline, the Chinese concept Index turned to rise, and TAL Education soared 21%.
A new round of "trade-in for new" sales is strong on Tmall and JD.com.
Citigroup believes that the trade-in program supported JD.com and Alibaba's revenue growth exceeding expectations in the fourth quarter of 2024, and the extension of the program as well as the expansion into more 3C categories is expected to continue driving growth in the first quarter of 2025.
Express News | Alibaba: On January 22, approximately 9.9881 million US dollars was used to repurchase 0.9368 million shares.
China Calls on State Funds, Insurers to Buy More Stocks to Aid Market Stability