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…
When you unshackle 1.4 billion consumers who have been penned up at home for three years, it’s reasonable to expect some fireworks. For the residents of Mainland China, life under “zero COVID” policies was a dreary round of rolling travel restrictions and lockdowns – as if the United States was permanently stuck on a skipping…
China Last Night KraneShares Tencent Q4 Earnings Overview Tencent reported Q4 financial results after the Hong Kong close and before the US open overnight. Goldilocks would say that the results were “not too hot and not too cold.” Ultimately, advertising revenue increased +15% year-over-year (YoY) in Q4 year over year compared to a -7% decrease…
Aerial view of the 400,000 square foot manufacturing and R&D center BeiGene is building in Hopewell, … [+] NJ. Business Wire BeiGene, a global biotech company with offices in China, Switzerland and Cambridge, Mass., expects to finish construction of a $700 million investment site in Hopewell, New Jersey next year, the company said in a…
China’s President Xi Jinping waves during the introduction of members of the Chinese Communist … [+] Party’s new Politburo Standing Committee, the nation’s top decision-making body, to the media in the Great Hall of the People in Beijing on October 23, 2022. (Photo by Noel CELIS / AFP) (Photo by NOEL CELIS/AFP via Getty Images)…
China Last Night KraneShares Key News Asian equity markets were down as Silicon Valley Bank’s collapse and Credit Suisse’s troubles, despite a decisive move by the Swiss government, which led to a rebound this morning in European stocks, weighed on investor sentiment overnight except for India and the Philippines, which posted a small gain. These…
China Last Night KraneShares Key News Asian equities curbed yesterday’s enthusiasm driven by China’s positive policies following the National People’s Congress as SVB’s collapse crushed Asian investor sentiment on financial contagion fears. I can’t recall a day with such poor advance/decline ratios with Japan’s Topix posting just 66 advancers versus 2,082 decliners, Hang Seng Composite…
China Last Night KraneShares Key News Asian equities were mixed as Mainland China and Hong Kong outperformed, Taiwan and South Korea posted small gains, while Japan, India and Thailand posted declines of more than -1%. Mainland China and Hong Kong rose on several positive developments following the conclusion of the “Dual Sessions” meetings of the…
China Last Night KraneShares Week in Review China’s “Two Sessions” meetings of the 14th National People’s Congress are set to conclude this weekend after an unsurprising week in which a GDP target of “around 5%” was set and key financial regulators were consolidated. Trip.com reported a +7% increase in revenue year-over-year to RMB 5 billion…