MEITUAN-CLASS B

16 Aug

Alibaba’s Long-Awaited China Stock Link May Provide Timely Boost

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, artificial intelligence, china, E-commerce, Hong Kong, Inclusion, Markets, MEITUAN-CLASS B, Shanghai, Shenzhen, Technology, TENCENT HOLDINGS LTD

Chinese investors finally being able to buy shares of Alibaba Group Holding Ltd. may provide a much-needed boost for the e-commerce firm’s stock, with an inflow of up to about $20 billion into next year.The company first hatched the plan for an upgrade to a primary listing in Hong Kong two years ago amid heightened tensions with the US. It may at last be realized by the end of the month, paving the way for it to join a program that connects the Shanghai and Shenzhen bourses to the Hong Kong exchange. Source link lol

14 Aug

Tencent’s Buyback Plan in Focus as Chinese Tech Rivals Catch Up

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Earnings, finance, GOLDMAN SACHS GROUP INC, Hong Kong, JULY SARL/CAEN, Markets, MEITUAN-CLASS B, Ronald Yan, Technology, TENCENT HOLDINGS LTD

Investors will scrutinize any comments from Tencent Holdings Ltd. about its buyback plans during Wednesday’s quarterly results announcement as its competitors catch up with its spending levels.Tencent has forked out almost $8 billion this year to repurchase its Hong Kong-listed shares, more than any other company on the exchange, according to data compiled by Bloomberg. The firm is widely expected to keep spending as its total outlay this year is only about 60% of the $12.8 billion it projected for the whole of 2024. Source link lol