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08.07.26 - 14:36
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Alibaba shares spike 12% in Hong Kong as T-Head chips, AI revenue fuel earnings optimism (SCMP)
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Shares of Alibaba Group Holding surged to a high of 13.8 per cent in Hong Kong on Wednesday as equity analysts expect revenue to reaccelerate in the June quarter, driven by growing demand for artificial intelligence and narrowing losses in food delivery.
The gain, the strongest this year, came before the company closed up 12.2 per cent at HK$107.5 (US$13.71). Rivals Tencent Holdings and Meituan saw their shares grow 3.8 and 3.3 per cent, respectively, while the Hang Seng Tech Index increased by......
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28.08.25 - 09:42
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MÄRKTE ASIEN/Nvidia-Zahlen stützen - Meituan brechen ein (Dow Jones)
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DOW JONES--Überwiegend nach oben ist es mit den Kursen an den asiatischen Börsen am Donnerstag gegangen. Im Fokus standen die Quartalszahlen von Nvidia. Diese sind besser als erwartet ausgefallen, genauso wie der Ausblick auf das laufende Quartal. Dass ......
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28.08.25 - 04:42
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Hong Kong stocks extend decline on Meituan profit slump, Nvidia outlook (SCMP)
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Hong Kong stocks fell on Thursday as the price wars in the food delivery and electric vehicle (EV) sectors and AI chipmaker Nvidia's downbeat outlook weighed on sentiment.
The Hang Seng Index dropped 1.1 per cent to 24,929.18 at 9.58am local time, on course for a third day of loss. The Hang Seng Tech Index also lost 1.1 per cent. On the mainland, the CSI 300 Index rose 0.1 per cent, while the Shanghai Composite Index retreated 0.1 per cent.
Chinese on-demand services giant Meituan tumbled 8.7......
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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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