Alibaba Will Turn Around Its Loss-Making Businesses Faster Than We Previously Expected
Alibaba is in sound financial health. As of September 2023, the company had CNY 572 billion in cash and short-term investments on its balance sheet against CNY 166 billion in short- and long-term bank ...
Hang Seng Index left untouched, but tweaks made to tech, China enterprises indices
Tencent Music and Horizon Robotics added to Hang Seng Tech Index, while ZTO Express and BeiGene added to Hang Seng China ...
Beijing embraces DeepSeek to lead AI adoption as it looks for new growth drivers
DeepSeek’s rise came as a timely confidence boost as the Chinese leadership faces a prolonged economic gloom and a brewing ...
Vontobel Holding Ltd. Invests $375,000 in Tencent Music Entertainment Group (NYSE:TME)
Vontobel Holding Ltd. acquired a new position in Tencent Music Entertainment Group (NYSE:TME – Free Report) during the 4th quarter, Holdings Channel reports. The fund acquired 33,077 shares of the ...
Alibaba Spikes 11% In Hong Kong As Tencent, Xiaomi Lead Tech Rally On Earnings Optimism, Chinese Stimulus Hopes
Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as ...
Back in favour. Why China’s Xi needs Jack Ma more than ever
The Chinese president’s symbolic handshake this week with exiled billionaire Jack Ma shows Beijing needs tech entrepreneurs ...