Topline Shares of Chinese internet giant Alibaba plummeted on Thursday following a report Japanese tech investor SoftBank has sold almost all of its remaining stake, further paring a formerly lucrative and expansive partnership as the Chinese group explores a radical shakeup amid increasing government scrutiny. Alibaba shares fell on Thursday after a report on SoftBank…
China Last Night KraneShares Key News Asian equity markets were mixed on light volumes in advance of today’s US CPI print. Overnight was a Tale of Two Chinas: Onshore (Mainland/domestic investors) versus Offshore (Hong Kong-US ADRs/foreign investors), as both performance and volume diverged. Mainland China investors cheered yesterday’s economic release with small gains on high…
China Last Night KraneShares Key News Asian equities were higher overnight. The most significant catalyst overnight was China’s inflation numbers which are the envy of central bankers globally as CPI was 0.7% versus expectations of 1% and February’s 1%, and PPI was -2.5% versus expectations of -2.5% and February’s -1.4%. The data provides policy makers…
China Last Night KraneShares Key News Asian equities were broadly higher except for Japan and South East Asia, while India was closed for Rama Navami. According to Google, this Hindu festival celebrates the birthday of Rama, the seventh avatar of the deity Vishnu. So we have that going for us…….which is nice. In breaking news,…
Alibaba cofounder and billionaire Jack Ma (Photo by Wang He/Getty Images) Getty Images Chinese e-commerce giant Alibaba has managed to excite investors by announcing plans to split itself into six smaller units, which would, in theory, help to unlock value for shareholders as each business can now pursue an independent listing or outside financing. But…
China Last Night KraneShares Key News Asian equities had a good day as Hong Kong outperformed while Mainland China was off slightly. Alibaba led the way as it jumped +12.23% on high volume as analysts updated their sum of the parts analysis (SOTP). Tencent gained +1.75% on high volume and strong buying from Mainland investors,…
Shares of Lululemon are surging premarket following strong earnings. (Photo By Raymond Boyd/Getty … [+] Images) Getty Images Key Takeaways Lululemon Beats On Earnings Alibaba Breaking Into 6 Separate Companies VIX Below 20 It was a slow Tuesday with stocks largely unchanged. The Nasdaq fell less than 0.5% while the S&P 500 lost just 0.2%.…
Alibaba cofounder Jack Ma. Philippe LOPEZ/AFP Chinese e-commerce giant Alibaba has announced plans to split into six business units, leading shares to rally on investor optimism that the restructuring will spur more initial public offerings in the future. Alibaba’s shares surged more than 14% in Hong Kong during Wednesday morning trading, after Chief Executive Officer…
China Last Night KraneShares Alibaba (9988 HK, BABA US) announced after the close it will become a holding company comprised of the below six business groups in order to “unlock shareholder value and foster market competitiveness” in order to “capture market opportunities and stimulate growth”. The business group can raise funds and go public as…
China Last Night KraneShares Week in Review Asian equities had a decent week on strong volumes as most bank contagion fears subsided and the China internet names came roaring back. Pinduoduo and Tencent reported earnings this week. Tencent’s results were strong, while Pinduoduo’s results led to investor concerns about increased marketing expenses. Evergrande was back…