Alibaba lost 9.3 billion and sold 100% of its shares in Intime, while Youngor Group made another successful investment.
① Alibaba will sell 100% equity of Intime Department Store to a buyer consortium composed of Youngor Group and Intime management team members. ② This year, Youngor Group has strengthened its investment in physical businesses, opening 13 new fashion experience stores offline. ③ Alibaba entered Intime in 2014 and gradually became the largest shareholder; as New Retail progressed to a decline, Alibaba ultimately let go of Intime.
Asia-Pacific Markets Trade Mixed Ahead of Central Bank Meetings
7.4 billion! Alibaba "shakes off" the burden, Youngor Group officially takes over Silver Intime Department Store.
Analysts point out that although the Youngor Group's acquisition helps its expansion in the retail market, the department store industry is continuously shrinking.
Daily Bull and Bear | Has the volume of bullish stocks increased significantly for a rebound? The Hong Kong stock market has been declining for several days, and good positions have seen net Inflow for two consecutive days; JPMorgan: Macau Casino stocks m
On Monday, Hong Kong stocks continued to show a sluggish trend, with the Hang Seng Index closing down 0.88% at 19,795 points, reaching a high of 20,049 and a low of 19,726 during the day. In the evening, the Hang Seng Index Futures closed at 19,755 points, down 66 points or 0.33%, with a discount of 40 points.
U.S. stock market closing | The three major indexes had mixed results, with the Nasdaq increasing over 1% to reach a new high, while the Dow Jones fell for the eighth consecutive day; Broadcom surged over 11%, and Tesla rose over 6%, both reaching histori
The Dow Jones Industrial Average has recorded its longest losing streak since 2018; NVIDIA fell over 1%, marking its third consecutive decline; MicroStrategy, which was added to the Nasdaq 100 index, surged over 7% intraday before reversing to a loss, and Super Micro Computer, which was removed from the index, closed down over 8%. Chinese concept stocks fell over 2%.
KraneShares CSI China Internet ETF Options Spot-On: On December 16th, 338.12K Contracts Were Traded, With 3.38 Million Open Interest
On December 16th ET, $KraneShares CSI China Internet ETF(KWEB.US)$ had active options trading, with a total trading volume of 338.12K options for the day, of which put options accounted for 7.64% of
Here's How Much You Would Have Made Owning PDD Holdings Stock In The Last 5 Years
Billion-dollar government Fund, trillion-dollar Consumer market! The ice and snow industry is "fully powered up".
① As December arrives, ski resorts and ice rinks across the country enter a peak operation period, with A-share ice and snow Concept stocks performing actively, and several individual stocks reaching new price highs. ② Recently, Jilin Province proposed to increase financial support and establish an investment Fund for the ice and snow industry with 1 billion yuan, coordinating various types of financial specialized support for the ice and snow economy amounting to 0.5 billion yuan.
Express News | Alibaba: On December 13, approximately 9.9919 million USD was spent to repurchase 0.9116 million shares.
Express News | TENCENT: On December 16, repurchased 1.72 million shares, costing approximately 0.7 billion Hong Kong dollars, with a price per share of 403.8-410.8 Hong Kong dollars.
Hot "snow" is boiling! DiDi Global Inc: The demand for taxis to ski resorts increased by 151% month-on-month in early December.
According to DiDi Global Inc data, in early December, the demand for taxis to ski resorts increased by 454% compared to last month, and rose by 151% compared to late November.
Asia Markets Mixed as Traders Assess Mixed Economic Data in the Region; Eyes on Major Central Back Decisions
China's Nov Retail Sales Slows as Stimulus Impact Fades; Unemployment Rate Held Steady
Daily Bull and Bear | The Hang Seng Index has fallen below the 20,000 mark! New bull certificates retreated to 19,500, and bear street sales have increased significantly; PA GOODDOCTOR rose more than 13% against the market last Friday, with call warrants
Last Friday, the Hang Seng Index night futures closed at 19,965 points, down 57 points or 0.285%; there was a net Inflow of 59 million HKD into long positions and a net Outflow of 39 million HKD from short positions; the top five stocks and Index inflows for long positions were: Hang Seng Index, Tencent, AIA, BYD, and Meituan.
Express News | The Ministry of Finance announced that next year it will implement a more proactive fiscal policy, ensuring that fiscal policy is continuously strengthened and more effective.
The Securities Regulatory Commission: Firmly implement the important requirement of "stabilizing the real estate and stock markets" and focus on promoting the entry of medium and long-term funds into the market.
On December 14, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, presided over a meeting of the Party Committee (expanded) to convey and study the spirit of the Central Economic Work Conference, and in conjunction with the requirements of the national financial system work meeting, researched and deployed the implementation work of the CSRC system.
Bank of America: Investors poured into China Stocks in the past week, with the amount of funds raised reaching a nine-week high.
Considering that investors have made large-scale bets on the strength of the dollar and rising US bond yields, Hartnett warns of the risk of "overshooting" at the beginning of next year. He believes that, as inflation continues to force the Fed to take a more hawkish stance, Bonds, Gold, and international Stocks will become attractive Assets. Hartnett thinks that the first quarter of next year is the entry point for non-USA Stocks.
Express News | Director Wang Xin of the Central Bank Research Bureau: There will be timely reductions in reserve requirements and interest rates, and an increase in the intensity of MMF.
The latest statement from the Central Financial Office: This year's GDP in China is expected to grow by around 5%; the new wording of policies has significant implications, and specific plans will be showcased at the national two sessions.
Today (14th), at the 2024-2025 China Economic Annual Conference held at the China International Economic Exchange Center, Han Wenxiu, Deputy Director of the Office of the Central Financial and Economic Committee responsible for daily operations and Director of the Office of the Central Rural Work Leading Group, stated that China's GDP is expected to grow by about 5% this year.
Express News | Deputy Director of the Central Finance Office Han Wenxiu: The new policy terminology has high value, and specific plans will be unveiled at the National Two Sessions.