Alibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers

South China Morning Post2023-03-29

Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation planNews fuels a rally on tech peers, a day after co-founder Jack Ma returned ...

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Comments

miker9110
2023-03-30
miker9110
G
neo26000
2023-03-29
neo26000
I am hoping Baba can double from 100 to 200 in 6 weeks or less like TSLA 😁
- 麥卡倫 18:
  LOL. Good luck 🤞
valentia
2023-03-29
valentia
Huat ah [Call] [Allin]
- valentia:
  In late last year 😅, waiting to huat ah
- PhoenixBee:
  U all in already? When?
Ong CS
2023-03-29
Ong CS
👍

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Photo: Reuters</span></p><p>Hong Kong <u>stocks</u> jumped as Alibaba Group Holding powered a rally in Chinese technology companies after the e-commerce market leader unveiled a business reorganisation to boost profits and add value to shareholders.</p><p>The Hang Seng Index gained 2.2 per cent to 20,224.33 at 10.06am local time. The Tech Index climbed 3.2 per cent, the most in a week, while the Shanghai Composite Index added 0.2 per cent.</p><p>Alibaba Group surged 15 per cent to HK$96.85 for the stock’s biggest advance since a 21 per cent surge on November 4. The rally, which added HK$ billion to its market capitalisation, mirrored an overnight surge of 14 per cent in the company’s American depositary shares in New York.</p><p>Alibaba Health Information jumped 7.5 per cent to HK$6.45 and JD.com advanced 6.5 per cent to HK$166.20, while Tencent Holdings gained 5 per cent to HK$397. 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Photo: ReutersHong Kong stocks jumped as Alibaba Group Holding powered a rally in Chinese technology companies after the e-commerce market leader unveiled a business reorganisation to boost profits and add value to shareholders.The Hang Seng Index gained 2.2 per cent to 20,224.33 at 10.06am local time. The Tech Index climbed 3.2 per cent, the most in a week, while the Shanghai Composite Index added 0.2 per cent.Alibaba Group surged 15 per cent to HK$96.85 for the stock’s biggest advance since a 21 per cent surge on November 4. The rally, which added HK$ billion to its market capitalisation, mirrored an overnight surge of 14 per cent in the company’s American depositary shares in New York.Alibaba Health Information jumped 7.5 per cent to HK$6.45 and JD.com advanced 6.5 per cent to HK$166.20, while Tencent Holdings gained 5 per cent to HK$397. Meituan rallied 4 per cent to HK$140 while Baidu jumped 3.2 per cent to HK$157.10.Alibaba, the owner of this newspaper, announced on late Tuesday that it would split the US$257 billion tech empire into six independently run units, shortening decision-making process and making them profit and loss centres accountable for their own capital funding.The announcement came a day after its co-founder Jack Ma returned to mainland China for the first time after more than a year on travel overseas. Ma, one of China’s richest tycoons, stepped down as the group chairman on his 55th birthday in 2019 as part of a succession plan.Key Asian markets also advanced. Softback Group, which owns a stake in Alibaba, surged as much as 6.4 per cent, aiding a 0.6 per cent rise in the Nikkei 225 Index. The S&P ASX 200 Index in Australia rose 0.1 per cent, while the Kospi in South Korea was little changed.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941187306,"gmtCreate":1680056796205,"gmtModify":1680056800276,"author":{"id":"4131703342800552","authorId":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/11d50ec0d6202770a8629aa7f06a5d4f","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":9,"crmLevelSwitch":1,"idStr":"4131703342800552","authorIdStr":"4131703342800552"},"htmlText":"I am hoping Baba can double from 100 to 200 in 6 weeks or less like TSLA 😁","listText":"I am hoping Baba can double from 100 to 200 in 6 weeks or less like TSLA 😁","text":"I am hoping Baba can double from 100 to 200 in 6 weeks or less like TSLA 😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9941187306","repostId":1112273283,"repostType":4,"repost":{"id":"1112273283","kind":"news","pubTimestamp":1680056085,"share":"https://ttm.financial/m/news/1112273283?lang=&edition=fundamental","pubTime":"2023-03-29 10:14","market":"hk","language":"en","title":"Alibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers","url":"https://stock-news.laohu8.com/highlight/detail?id=1112273283","media":"South China Morning Post","summary":"Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of bus","content":"<html><head></head><body><ul><li>Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation plan</li><li>News fuels a rally on tech peers, a day after co-founder Jack Ma returned to mainland China for the first time after more than a year of travel overseas</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/361f667575cdb586e81ae71ca6ab7274\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange on March 28. Photo: Reuters</span></p><p>Hong Kong <u>stocks</u> jumped as Alibaba Group Holding powered a rally in Chinese technology companies after the e-commerce market leader unveiled a business reorganisation to boost profits and add value to shareholders.</p><p>The Hang Seng Index gained 2.2 per cent to 20,224.33 at 10.06am local time. The Tech Index climbed 3.2 per cent, the most in a week, while the Shanghai Composite Index added 0.2 per cent.</p><p>Alibaba Group surged 15 per cent to HK$96.85 for the stock’s biggest advance since a 21 per cent surge on November 4. The rally, which added HK$ billion to its market capitalisation, mirrored an overnight surge of 14 per cent in the company’s American depositary shares in New York.</p><p>Alibaba Health Information jumped 7.5 per cent to HK$6.45 and JD.com advanced 6.5 per cent to HK$166.20, while Tencent Holdings gained 5 per cent to HK$397. Meituan rallied 4 per cent to HK$140 while Baidu jumped 3.2 per cent to HK$157.10.</p><p>Alibaba, the owner of this newspaper, announced on late Tuesday that it would <u>split the US$257 billion tech empire into six independently run units</u>, shortening decision-making process and making them profit and loss centres accountable for their own capital funding.</p><p>The announcement came a day after its co-founder Jack Ma returned to mainland China for the first time after more than a year on travel overseas. Ma, one of China’s richest tycoons, stepped down as the group chairman on his 55th birthday in 2019 as part of a succession plan.</p><p>Key Asian markets also advanced. Softback Group, which owns a stake in Alibaba, surged as much as 6.4 per cent, aiding a 0.6 per cent rise in the Nikkei 225 Index. The S&amp;P ASX 200 Index in Australia rose 0.1 per cent, while the Kospi in South Korea was little changed.</p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-29 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/banking-finance/article/3215192/alibaba-jumps-15-cent-power-hong-kong-stocks-reorganisation-plan-buoys-tencent-jdcom-and-chinese><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation planNews fuels a rally on tech peers, a day after co-founder Jack Ma returned ...</p>\n\n<a href=\"https://www.scmp.com/business/banking-finance/article/3215192/alibaba-jumps-15-cent-power-hong-kong-stocks-reorganisation-plan-buoys-tencent-jdcom-and-chinese\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSCEI":"国企指数","HSTECH":"恒生科技指数"},"source_url":"https://www.scmp.com/business/banking-finance/article/3215192/alibaba-jumps-15-cent-power-hong-kong-stocks-reorganisation-plan-buoys-tencent-jdcom-and-chinese","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112273283","content_text":"Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation planNews fuels a rally on tech peers, a day after co-founder Jack Ma returned to mainland China for the first time after more than a year of travel overseasTrader works at the post where Alibaba is traded on the floor of the New York Stock Exchange on March 28. Photo: ReutersHong Kong stocks jumped as Alibaba Group Holding powered a rally in Chinese technology companies after the e-commerce market leader unveiled a business reorganisation to boost profits and add value to shareholders.The Hang Seng Index gained 2.2 per cent to 20,224.33 at 10.06am local time. The Tech Index climbed 3.2 per cent, the most in a week, while the Shanghai Composite Index added 0.2 per cent.Alibaba Group surged 15 per cent to HK$96.85 for the stock’s biggest advance since a 21 per cent surge on November 4. The rally, which added HK$ billion to its market capitalisation, mirrored an overnight surge of 14 per cent in the company’s American depositary shares in New York.Alibaba Health Information jumped 7.5 per cent to HK$6.45 and JD.com advanced 6.5 per cent to HK$166.20, while Tencent Holdings gained 5 per cent to HK$397. Meituan rallied 4 per cent to HK$140 while Baidu jumped 3.2 per cent to HK$157.10.Alibaba, the owner of this newspaper, announced on late Tuesday that it would split the US$257 billion tech empire into six independently run units, shortening decision-making process and making them profit and loss centres accountable for their own capital funding.The announcement came a day after its co-founder Jack Ma returned to mainland China for the first time after more than a year on travel overseas. Ma, one of China’s richest tycoons, stepped down as the group chairman on his 55th birthday in 2019 as part of a succession plan.Key Asian markets also advanced. Softback Group, which owns a stake in Alibaba, surged as much as 6.4 per cent, aiding a 0.6 per cent rise in the Nikkei 225 Index. The S&P ASX 200 Index in Australia rose 0.1 per cent, while the Kospi in South Korea was little changed.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106162971,"gmtCreate":1680058702477,"gmtModify":1680058708701,"authorId":4117888419809232,"author":{"id":4117888419809232,"idStr":"4117888419809232","authorId":4117888419809232,"name":"麥卡倫 18","avatar":"https://community-static.tradeup.com/news/04af89be4d25d48563ca4ff59e83a233","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.12.24","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":9941187306,"type":1,"supId":0,"prevId":0,"content":"LOL. Good luck 🤞","text":"LOL. Good luck 🤞","html":"LOL. Good luck 🤞"}],"langContent":"EN"},{"id":9941184426,"gmtCreate":1680056499566,"gmtModify":1680056503454,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"htmlText":"Huat ah&nbsp;[Call]&nbsp;[Allin]&nbsp;","listText":"Huat ah&nbsp;[Call]&nbsp;[Allin]&nbsp;","text":"Huat ah [Call] [Allin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9941184426","repostId":1112273283,"repostType":2,"repost":{"id":"1112273283","kind":"news","pubTimestamp":1680056085,"share":"https://ttm.financial/m/news/1112273283?lang=&edition=fundamental","pubTime":"2023-03-29 10:14","market":"hk","language":"en","title":"Alibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers","url":"https://stock-news.laohu8.com/highlight/detail?id=1112273283","media":"South China Morning Post","summary":"Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of bus","content":"<html><head></head><body><ul><li>Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation plan</li><li>News fuels a rally on tech peers, a day after co-founder Jack Ma returned to mainland China for the first time after more than a year of travel overseas</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/361f667575cdb586e81ae71ca6ab7274\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange on March 28. Photo: Reuters</span></p><p>Hong Kong <u>stocks</u> jumped as Alibaba Group Holding powered a rally in Chinese technology companies after the e-commerce market leader unveiled a business reorganisation to boost profits and add value to shareholders.</p><p>The Hang Seng Index gained 2.2 per cent to 20,224.33 at 10.06am local time. The Tech Index climbed 3.2 per cent, the most in a week, while the Shanghai Composite Index added 0.2 per cent.</p><p>Alibaba Group surged 15 per cent to HK$96.85 for the stock’s biggest advance since a 21 per cent surge on November 4. The rally, which added HK$ billion to its market capitalisation, mirrored an overnight surge of 14 per cent in the company’s American depositary shares in New York.</p><p>Alibaba Health Information jumped 7.5 per cent to HK$6.45 and JD.com advanced 6.5 per cent to HK$166.20, while Tencent Holdings gained 5 per cent to HK$397. Meituan rallied 4 per cent to HK$140 while Baidu jumped 3.2 per cent to HK$157.10.</p><p>Alibaba, the owner of this newspaper, announced on late Tuesday that it would <u>split the US$257 billion tech empire into six independently run units</u>, shortening decision-making process and making them profit and loss centres accountable for their own capital funding.</p><p>The announcement came a day after its co-founder Jack Ma returned to mainland China for the first time after more than a year on travel overseas. Ma, one of China’s richest tycoons, stepped down as the group chairman on his 55th birthday in 2019 as part of a succession plan.</p><p>Key Asian markets also advanced. Softback Group, which owns a stake in Alibaba, surged as much as 6.4 per cent, aiding a 0.6 per cent rise in the Nikkei 225 Index. The S&amp;P ASX 200 Index in Australia rose 0.1 per cent, while the Kospi in South Korea was little changed.</p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-29 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/banking-finance/article/3215192/alibaba-jumps-15-cent-power-hong-kong-stocks-reorganisation-plan-buoys-tencent-jdcom-and-chinese><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation planNews fuels a rally on tech peers, a day after co-founder Jack Ma returned ...</p>\n\n<a href=\"https://www.scmp.com/business/banking-finance/article/3215192/alibaba-jumps-15-cent-power-hong-kong-stocks-reorganisation-plan-buoys-tencent-jdcom-and-chinese\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSCEI":"国企指数","HSTECH":"恒生科技指数"},"source_url":"https://www.scmp.com/business/banking-finance/article/3215192/alibaba-jumps-15-cent-power-hong-kong-stocks-reorganisation-plan-buoys-tencent-jdcom-and-chinese","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112273283","content_text":"Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation planNews fuels a rally on tech peers, a day after co-founder Jack Ma returned to mainland China for the first time after more than a year of travel overseasTrader works at the post where Alibaba is traded on the floor of the New York Stock Exchange on March 28. Photo: ReutersHong Kong stocks jumped as Alibaba Group Holding powered a rally in Chinese technology companies after the e-commerce market leader unveiled a business reorganisation to boost profits and add value to shareholders.The Hang Seng Index gained 2.2 per cent to 20,224.33 at 10.06am local time. The Tech Index climbed 3.2 per cent, the most in a week, while the Shanghai Composite Index added 0.2 per cent.Alibaba Group surged 15 per cent to HK$96.85 for the stock’s biggest advance since a 21 per cent surge on November 4. The rally, which added HK$ billion to its market capitalisation, mirrored an overnight surge of 14 per cent in the company’s American depositary shares in New York.Alibaba Health Information jumped 7.5 per cent to HK$6.45 and JD.com advanced 6.5 per cent to HK$166.20, while Tencent Holdings gained 5 per cent to HK$397. Meituan rallied 4 per cent to HK$140 while Baidu jumped 3.2 per cent to HK$157.10.Alibaba, the owner of this newspaper, announced on late Tuesday that it would split the US$257 billion tech empire into six independently run units, shortening decision-making process and making them profit and loss centres accountable for their own capital funding.The announcement came a day after its co-founder Jack Ma returned to mainland China for the first time after more than a year on travel overseas. Ma, one of China’s richest tycoons, stepped down as the group chairman on his 55th birthday in 2019 as part of a succession plan.Key Asian markets also advanced. Softback Group, which owns a stake in Alibaba, surged as much as 6.4 per cent, aiding a 0.6 per cent rise in the Nikkei 225 Index. The S&P ASX 200 Index in Australia rose 0.1 per cent, while the Kospi in South Korea was little changed.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106163724,"gmtCreate":1680066252968,"gmtModify":1680066256319,"authorId":4116569270341752,"author":{"id":4116569270341752,"idStr":"4116569270341752","authorId":4116569270341752,"name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.60%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941184426,"type":1,"supId":0,"prevId":0,"content":"In late last year 😅, waiting to huat ah","text":"In late last year 😅, waiting to huat ah","html":"In late last year 😅, waiting to huat ah"},{"id":106162754,"gmtCreate":1680056650625,"gmtModify":1680056653948,"authorId":3570058765891495,"author":{"id":3570058765891495,"idStr":"3570058765891495","authorId":3570058765891495,"name":"PhoenixBee","avatar":"https://community-static.tradeup.com/news/f7bfa4323a9a5dfacc73c8817a4e5e48","vip":1,"currentWearingBadge":{"badgeId":"cbe1c45c584340f3bd9ae6c77e0e9981-1","templateUuid":"cbe1c45c584340f3bd9ae6c77e0e9981","name":"Academy Experiencer","description":"5 lessons learned","bigImgUrl":"https://community-static.tradeup.com/news/fb5ae275631fb96a92d475cdc85d2302","smallImgUrl":"https://community-static.tradeup.com/news/c2660a1935bd2105e97c9915619936c3","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.19","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2006},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9941184426,"type":1,"supId":0,"prevId":0,"content":"U all in already? When?","text":"U all in already? When?","html":"U all in already? When?"}],"langContent":"EN"},{"id":9941184292,"gmtCreate":1680056354717,"gmtModify":1680056358663,"author":{"id":"4111725412337832","authorId":"4111725412337832","name":"Ong CS","avatar":"https://community-static.tradeup.com/news/d9fd4841df551730d352f87c3b3d9c15","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4111725412337832","authorIdStr":"4111725412337832"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941184292","repostId":1112273283,"repostType":4,"repost":{"id":"1112273283","kind":"news","pubTimestamp":1680056085,"share":"https://ttm.financial/m/news/1112273283?lang=&edition=fundamental","pubTime":"2023-03-29 10:14","market":"hk","language":"en","title":"Alibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers","url":"https://stock-news.laohu8.com/highlight/detail?id=1112273283","media":"South China Morning Post","summary":"Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of bus","content":"<html><head></head><body><ul><li>Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation plan</li><li>News fuels a rally on tech peers, a day after co-founder Jack Ma returned to mainland China for the first time after more than a year of travel overseas</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/361f667575cdb586e81ae71ca6ab7274\" tg-width=\"1098\" tg-height=\"732\" referrerpolicy=\"no-referrer\"/><span>Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange on March 28. Photo: Reuters</span></p><p>Hong Kong <u>stocks</u> jumped as Alibaba Group Holding powered a rally in Chinese technology companies after the e-commerce market leader unveiled a business reorganisation to boost profits and add value to shareholders.</p><p>The Hang Seng Index gained 2.2 per cent to 20,224.33 at 10.06am local time. The Tech Index climbed 3.2 per cent, the most in a week, while the Shanghai Composite Index added 0.2 per cent.</p><p>Alibaba Group surged 15 per cent to HK$96.85 for the stock’s biggest advance since a 21 per cent surge on November 4. The rally, which added HK$ billion to its market capitalisation, mirrored an overnight surge of 14 per cent in the company’s American depositary shares in New York.</p><p>Alibaba Health Information jumped 7.5 per cent to HK$6.45 and JD.com advanced 6.5 per cent to HK$166.20, while Tencent Holdings gained 5 per cent to HK$397. Meituan rallied 4 per cent to HK$140 while Baidu jumped 3.2 per cent to HK$157.10.</p><p>Alibaba, the owner of this newspaper, announced on late Tuesday that it would <u>split the US$257 billion tech empire into six independently run units</u>, shortening decision-making process and making them profit and loss centres accountable for their own capital funding.</p><p>The announcement came a day after its co-founder Jack Ma returned to mainland China for the first time after more than a year on travel overseas. Ma, one of China’s richest tycoons, stepped down as the group chairman on his 55th birthday in 2019 as part of a succession plan.</p><p>Key Asian markets also advanced. Softback Group, which owns a stake in Alibaba, surged as much as 6.4 per cent, aiding a 0.6 per cent rise in the Nikkei 225 Index. The S&amp;P ASX 200 Index in Australia rose 0.1 per cent, while the Kospi in South Korea was little changed.</p></body></html>","source":"lsy1600132093512","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Jumps 15% to Power Hong Kong Stocks As Reorganisation Plan Buoys Tencent, JD.com and Chinese Tech Peers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-29 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/banking-finance/article/3215192/alibaba-jumps-15-cent-power-hong-kong-stocks-reorganisation-plan-buoys-tencent-jdcom-and-chinese><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation planNews fuels a rally on tech peers, a day after co-founder Jack Ma returned ...</p>\n\n<a href=\"https://www.scmp.com/business/banking-finance/article/3215192/alibaba-jumps-15-cent-power-hong-kong-stocks-reorganisation-plan-buoys-tencent-jdcom-and-chinese\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSCEI":"国企指数","HSTECH":"恒生科技指数"},"source_url":"https://www.scmp.com/business/banking-finance/article/3215192/alibaba-jumps-15-cent-power-hong-kong-stocks-reorganisation-plan-buoys-tencent-jdcom-and-chinese","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112273283","content_text":"Alibaba Group logs its best one-day rally since a 21 per cent surge on November 4 on the back of business reorganisation planNews fuels a rally on tech peers, a day after co-founder Jack Ma returned to mainland China for the first time after more than a year of travel overseasTrader works at the post where Alibaba is traded on the floor of the New York Stock Exchange on March 28. Photo: ReutersHong Kong stocks jumped as Alibaba Group Holding powered a rally in Chinese technology companies after the e-commerce market leader unveiled a business reorganisation to boost profits and add value to shareholders.The Hang Seng Index gained 2.2 per cent to 20,224.33 at 10.06am local time. The Tech Index climbed 3.2 per cent, the most in a week, while the Shanghai Composite Index added 0.2 per cent.Alibaba Group surged 15 per cent to HK$96.85 for the stock’s biggest advance since a 21 per cent surge on November 4. The rally, which added HK$ billion to its market capitalisation, mirrored an overnight surge of 14 per cent in the company’s American depositary shares in New York.Alibaba Health Information jumped 7.5 per cent to HK$6.45 and JD.com advanced 6.5 per cent to HK$166.20, while Tencent Holdings gained 5 per cent to HK$397. Meituan rallied 4 per cent to HK$140 while Baidu jumped 3.2 per cent to HK$157.10.Alibaba, the owner of this newspaper, announced on late Tuesday that it would split the US$257 billion tech empire into six independently run units, shortening decision-making process and making them profit and loss centres accountable for their own capital funding.The announcement came a day after its co-founder Jack Ma returned to mainland China for the first time after more than a year on travel overseas. Ma, one of China’s richest tycoons, stepped down as the group chairman on his 55th birthday in 2019 as part of a succession plan.Key Asian markets also advanced. Softback Group, which owns a stake in Alibaba, surged as much as 6.4 per cent, aiding a 0.6 per cent rise in the Nikkei 225 Index. The S&P ASX 200 Index in Australia rose 0.1 per cent, while the Kospi in South Korea was little changed.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":39,"commentSize":5,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1112273283"}