Express News | The U.S. Securities and Exchange Commission (SEC) filings show that Baidu (BIDU.O) reduced its stake in Trip.com (TCOM.O) from 9.41% on September 11, 2023, to 7.11% on September 25, 2024.
Citi Maintains Trip.com(TCOM.US) With Buy Rating, Announces Target Price $66
Putting half of his wealth into Chinese concept stocks, 'The Big Short prototype' Michael Burry made a profit this time.
As of June 30th, stocks of Alibaba, baidu, and jd.com together account for about 46% of Burry's entire investment portfolio. Billionaire investor David Tepper previously stated that now is the time to 'buy everything', as Chinese stocks still have a lot of upside potential.
Express News | US-listed Chinese concept stocks in night trading continued to expand, with trip.com up nearly 7%, miniso up nearly 6%, nio inc up over 5%, beigene up over 4%, jd.com up over 3%.
Global stock markets welcome the 'most call morning of the year,' as Goldman Sachs fund flow experts exclaim that this 'china trade' is different from the past.
Goldman Sachs expert Rubner mentioned that FOMO is starting to appear locally in China; in the past 48 hours, he conducted more China-related Zoom calls than all related meetings within this year; short-term traders in Goldman Sachs PB business have been buying Chinese stocks for eight consecutive days, with the net buying amount of Chinese stocks in PB business this Tuesday reaching the second highest level in ten years, almost entirely from long positions.
Jabil Posts Upbeat Earnings, Joins Micron Technology, Southwest Airlines And Other Big Stocks Moving Higher On Thursday