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29.09.25 - 04:36
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Alibaba, JD.com lead Hong Kong stock advance after industrial profits jump (SCMP)
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Hong Kong stocks rose on Monday after data showed a rebound in China's industrial profits, easing concerns over corporate earnings pressure in the world's second-largest economy.
The Hang Seng Index added 1 per cent to 26,375.74 as of 9.55am local time, recovering some of the 1.6 per cent loss recorded last week. The Hang Seng Tech Index rose 1.4 per cent. On the mainland, the CSI 300 Index dropped 0.1 per cent and the Shanghai Composite Index slipped 0.3 per cent.
Technology firms led the rise.......
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27.08.25 - 13:18
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Meituan sales weaken, profit plummets amid ′irrational′ delivery price war (SCMP)
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Chinese on-demand local services giant Meituan saw second-quarter earnings fall, as it faced off against Alibaba Group Holding and JD.com in a costly instant delivery price war.
Beijing-based Meituan on Wednesday reported weaker-than-expected revenue of 91.8 billion yuan (US$12.8 billion) in the quarter ended June 30. That was up 11.7 per cent from 82.2 billion yuan a year earlier, but fell short of the 93.7 billion yuan estimate by analysts.
Net profit for the period tumbled 96.8 per cent to......
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18.08.25 - 08:36
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JD.com quarterly sales beat expectations but food delivery foray slices profit (SCMP)
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JD.com's revenue grew a faster-than-anticipated 22 per cent in the June quarter, benefiting from government-directed consumer subsidies as well as an aggressive drive into new arenas such as food delivery.
The Nasdaq-listed shares of China's top online retailer by revenue rose about 1 per cent in pre-market US trading.
The Beijing-based company reported sales of 356.7 billion yuan (US$49.7 billion) for the quarter ended June 30, about 6 per cent above projections.
Net income halved to 6.2......
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18.08.25 - 04:48
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Hong Kong stocks steady as investors await key quarterly results, Powell′s speech (SCMP)
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Hong Kong stocks kicked off the week on a positive note, with investors focused on the earnings from more than 20 blue chips and Federal Reserve chair Jerome Powell's speech at the annual Jackson Hole symposium.
The Hang Seng Index rose 0.2 per cent to 25,333.90 as of 10.15am local time. The Hang Seng Tech Index gained 1.3 per cent. On the mainland, the CSI 300 Index climbed 0.9 per cent and the Shanghai Composite Index added 0.7 per cent.
E-commerce giant JD.com rallied 4.2 per cent to......
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15.08.25 - 04:42
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Hong Kong stocks sink on poor China data, earnings disappointments (SCMP)
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Hong Kong stocks posted the first back-to-back decline in two weeks on Friday after China's July economic data fell short of estimates and a raft of disappointing earnings reports weighed on sentiment.
The Hang Seng Index fell 1.2 per cent to 25,216.09 as of 10.23am local time, extending a 0.4 per cent decline on Thursday. The Hang Seng Tech Index dropped 1 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added 0.3 per cent.
E-commerce operator JD.com tumbled......
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14.08.25 - 15:36
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JD.com: Quartalszahlen senden gemischte Signale (Der Aktionaer)
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Der chinesische Online-Händler JD.com hat am Donnerstag seine Q2-Zahlen vorgelegt und die Markterwartungen beim Umsatz deutlich übertroffen. Die Gewinnzahlen fielen hingegen gemischt aus, weshalb die Aktie zum US-Handelsstart ungefähr auf dem gleichen Niveau notiert, auf dem sie den Mittwoch abgeschlossen hatte....
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19.06.25 - 15:06
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China subsidies give Alibaba, JD.com sales lift during 618 shopping festival (SCMP)
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Chinese e-commerce giants Alibaba Group Holding and JD.com reported record user participation and growing sales during the 618 shopping festival, as government subsidies and new artificial intelligence (AI) tools fuelled a surge in consumer activity.
More than 453 brands each surpassed 100 million yuan (US$14 million) in gross merchandise value (GMV) on Alibaba's Taobao and Tmall platforms during the weeks-long event, the company said on Thursday. The roster included global names such as Apple,......
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03.06.25 - 14:06
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Alibaba, JD.com sales surge during 618 festival, thanks to subsidy programme (SCMP)
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Chinese e-commerce giants Alibaba Group Holding and JD.com are seeing strong sales momentum in their respective campaigns for this year's 618 shopping festival, on the back of the government's national subsidy programme.
Preliminary 618 retail data from Taobao and Tmall Group (TTG), Alibaba's domestic e-commerce unit, showed sales of categories that benefit from government subsidies – including consumer electronics products and home appliances – surged 283 per cent during the campaign's initial......
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