BREAKING NEWS: $Pinduoduo Inc.(PDD)$ 3Q23 Results are out! And they're blazing hot. Revenue +94% to $9.44B vs. $7.42B est. (BEAT!) Rev from Transaction Svcs +315% to $4.0B Adjusted EPS +35% to $1.55 vs. $1.16 est. (BEAT!)Is this mainly being driven by Temu payment processing? It just doubled QoQ! At a $16 billion run-rate! Image $Pinduoduo Inc.(PDD)$ shares surge as Temu owner tops earnings estimatesPE ratio of four companies: $Pinduoduo Inc.(PDD)$ $Alibaba(BABA)$ , $Tencent Holding Ltd.(TCEHY)$ , $JD.com(JD)$ This one is becoming a new mar

#IMPORTANT $Ping An Insurance (Group) Company of China Ltd.(PNGAY)$ $Global X MSCI China Real Estate ETF(CHIR)$ $Country Garden Holdings Co., Ltd.(CTRYY)$ $COUNTRY GARDEN(02007)$ Reuters just reported that Beijing has asked Ping An Insurance to take a controlling stake in Country Garden. #CN_Note Ping An Insurance has 5.31% common shares of Country Garden now, according to the latest data. #China #CountryGarden #Property #RealestateImageMy comment:Rumors of Beijing instructing Ping An to take a controlling stake in Country Garden are making the rounds in Hong Kong. Ping An denied the rumor. Over the years, Ping An had

Asia markets: Hang Seng jumps, Caixin PMI below 50, RBA raises rates1. China’s urban employment was stable for the first 9 months of the year despite the weaker overall environment.Every year, Beijing is under enormous pressure to ensure there are enough jobs to satisfy its swelling workforce as around 10 million new graduates enter the job market. For the year until September 30, #China’s urban employment grew 10.22 million, attaining 85% of its annual target of 12 million new jobs. That pushed urban unemployment rate to 5%. While China has ceased publishing youth unemployment rate, improvement in youth employment was seen improving, possibly owing to stronger hiring in China’s tech sector. $iShares MSCI China ETF(MCHI)$ ,

I don't think the AI wave is finished. I think the beat on earnings of $NVIDIA Corp(NVDA)$ proved another blowout quarter, and the indications are even for more of the same in the coming quarters, however.We have $NVIDIA Corp(NVDA)$and company $C3.ai, Inc.(AI)$ having more than tripled so far this year. It tells you how young the market is because a lot of most of the money is just going into a few names that are already established.So as the industry matures, you will start to see money flow out of these already very profitable positions into those new up-and-coming names.So it's not yet over with AI investments about to hit $200 billion by 2025. So, these are ind

Last Thursday, I was invited to show on Tiger Live and along with another guest, @KevinChenNYC provided some insights into recent trends in the U.S. stock markets and opportunities for the industry. Below are my points to 7 questions investors might be interested in, covering the current trend, the Fed's interest rate path next month, industrial and stocks that could have potential in H22023, and my friendly trading tips for investors.Welcome to review the highlights of my sharing or watch the replay of the live.Tiger Trade Q1: Has the "August curse" occurred or are there other macro factors, even black swans? Should investors be bearish or bullish on the market in the third quarter or second half of 2023?Brian Tycangco: We saw a pullb

1. Tourist arrivals in #Macau, the gambling Mecca of Asia, hit 2.2 million in June. That was 71% of pre-pandemic levels for the same month in 2019. For the first 6 months of the year, tourist arrivals reached 13 million, or about 70% of pre-pandemic levels. There’s definitely a significant level of improvement in the territory’s tourism-driven economy following several years of lockdowns, which closed off Macau to both mainland Chinese and international tourists.#Casino operators are spending billions to reinvent themselves into more family-oriented establishments after Beijing’s crackdown on junket operators with a reputation for aiding illicit money flows out of China. S&P Global estimates Macau’s total Gross Gaming Revenues (GGR) to reach 75% to 85% of 2019 levels, which would indic

$HSI(HSI)$ $HSTECH(HSTECH)$ $Global X China Financials ETF(CHIX)$ $Global X MSCI China Real Estate ETF(CHIR)$ $KraneShares Bosera MSCI China A 50 Connect Index ETF(KBA)$ The 31 measures proposed by the Central Committee all sound good on paper. Support for both public and private sectors is always welcome, especially when it comes to creating a level playing field and fair competition. I think the problem is execution. There's been plently of talk but not enough action on the part of the government to restore confidence in the markets and business community. They cannot expect t

1. #China released its 2nd quarter #GDP growth, which came in at 6.3%. That was significantly lower than expectations of 6.8% to 7.0% growth. The growth vs. the previous quarter was 0.8%, indicating a slowdown from the 2.2% growth registered in the 1st quarter. The economy remains on shaky footing as the real estate and manufacturing sector have been struggling. The fact that China had its slowest GDP growth of just 0.4% in the 2nd quarter of 2022, indicating a lower base, shows us just how difficult a job President Xi has ahead of him to get China’s economy on track to attain their target 5% GDP growth for the full year. However, this increases the likelihood of Beijing enacting more forceful stimulus in the coming days and weeks. If they fail to announce anything new and significant, it

Hi Tigers, I'm very honored and fortunate to be given the chance to share my personal views and opinions about the markets to a growing base of educated online investors here in Tiger. I hope that I can be a positive force on this platform through the analysis I provide given my extensive experience in the industry and personal connection with the Asian markets.I am the only Asia-based analyst at Stansberry Research and I have over 25 years of experience in the Asian markets. My educational background is in Economics and I started investing in the late 1990s during the Asian Financial Crisis. I was an investment analyst with BNP Paribas in Asia. I use a top-down strategy to identifying investment opportunities, looking at the macro fundamentals driving markets and then zeroing in on the ri