Chinese tech Stocks

Alibaba Group Holding Ltd. (NYSE:BABA) announced the release of a new, more powerful artificial intelligence chip on Wednesday, as competitor Nvidia Corp (NASDAQ:NVDA) faces difficulties in the Chinese market. The Zhenwu M890, Alibaba’s latest AI chip, delivers triple the performance of...

Baidu Inc. (NASDAQ:BIDU) has appointed Haijian He as its new Chief Financial Officer (CFO), effective immediately What Happened: According to Reuters' report, Baidu, a major player in China’s tech industry, has named Haijian He as successor of Junjie He, who has been serving as the interim...

China’s tech stocks are grappling with potential challenges that could have a more significant impact than President Donald Trump‘s tariffs. What Happened:  The Hang Seng Tech Index, which has lost over $350 billion in market value since March, is now under the shadow of geopolitical...

Huawei Technologies Co. has thrown down the gauntlet in the world of smartphones with its Kirin 9000s processor, showcasing its capability to support lightning-fast 5G wireless speeds. Bloomberg reported Friday that the Mate 60 smartphone series, equipped with the Chinese-made Kirin chip, stormed...

Activist investor Ryan Cohen has reportedly acquired a stake in Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) worth hundreds of millions of dollars and is privately nudging the company to hasten its share-repurchase program. Cohen and others built...

Hong Kong stocks opened mixed on Wednesday, with the benchmark Hang Seng gaining over 1%, as investors and traders braced for the release of the minutes of the Federal Reserve meeting. Market participants are also awaiting the Job Openings and Labor Turnover Survey data from the U.S. Hong Kong...

Hong Kong stocks opened mixed on the first trading day of 2023, with the benchmark Hang Seng losing 0.36% in morning trade. The market seems to be taking into account the fact that China's factory activity narrowed at a faster pace in December dragged by rising COVID-19 infections. Hong Kong...

Hong Kong stocks opened in the red on Friday, with the benchmark Hang Seng losing 0.39%, after U.S. markets witnessed a sell-off overnight as worries of a recession reduced hopes for a "Santa Claus" rally. Japan’s core consumer inflation hit a 40-year high, ...

Hong Kong stocks soared in early morning trade on Thursday, with the benchmark Hang Seng rising over 2%, as investors and traders cheered U.S. consumer confidence data surging to an eight-month high in December following a drop in inflation and the labor market remaining strong. Twelve-month...

Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng trading 0.3% higher. The city’s Chief Executive John Lee is set to travel to Beijing from Dec. 21 to Dec. 24 as part of his annual visit to brief state leaders on Hong Kong’s economic, social and...

Hong Kong stocks opened in the red on Tuesday morning with the benchmark Hang Seng losing 0.93% in morning trade as mounting fears of a recession are overshadowing hopes of a "Santa Claus" rally, generally seen during the end of the year. EV peers fell with Nio and Xpeng...

Hong Kong stocks opened in the green on Monday, with the benchmark Hang Seng rising 0.5% in morning trade on the back of China’s top leaders commenting they will focus on boosting the economy next year. Alibaba shares rose over 2% in morning trade while Nio stock lost over 2%. Meituan shares...

Hong Kong stocks opened weaker on Friday, with the benchmark Hang Seng losing 1% on overnight cues from Wall Street. Fears over recession gained momentum after U.S. November retail sales recorded their steepest drop in close to a year, suggesting consumers are reining in spending around the...

Hong Kong stocks witnessed a sell-off on Thursday despite the Federal Reserve’s 50 basis points rate hike being on anticipated lines as central bank officials projected rate increases through next year with no cuts until 2024. The benchmark Hang Seng traded over 2% lower. Alibaba, Nio,...

Hong Kong stocks opened mixed on Wednesday, with the benchmark Hang Seng gaining 0.9% in opening trade after softer-than-expected consumer price inflation in the U.S. took major Wall Street indices higher. EV shares traded in the red, with Nio and Li Auto losing over 1...