To The Moon

China markets suffer technical breakdown to close the week on a sour note. Much of it was driven by (1) poor 3Q results from $PDD Holdings Inc(PDD)$ $Baidu(BIDU)$ $BIDU-SW(09888)$ and (2) a rampaging US dollar. We now look for indicators to reach oversold levels as I have indicated a few days ago would be possible if corporate results were not up to snuff.Meanwhile, improvements taking place in real estate market, online retail sales growth at double-digits, NEV sales soaring, domestic brands and benefiting at the expense of foreign ones, and local governments cleaning up balance sheets in preparation for spending in 2025. $K

Technical breakdown in the $HSTECH(HSTECH)$ today. $KraneShares Hang Seng TECH Index ETF(KTEC)$ $KraneShares CSI China Internet ETF(KWEB)$ Seems $PDD Holdings Inc(PDD)$ and $Baidu(BIDU)$ $BIDU-SW(09888)$ miss took the sentiment down a few notches. Not a good way to close out ER season for the major CN tech names. The USD-CNY action says it all. Now close in on 7.25, erasing all the gains since July.ImageTechnical breakdown today for the CSI 300 Index. $KraneShares Bosera MSCI China A 50 Connect In

In the Philippines… $Tesla Motors(TSLA)$ is offering Model 3s for the equivalent of $41,800. That’s cheaper than $BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ ’s Seal EV at $43,900. But in China, the Seal sells for just $25,000 vs. the Model 3’s $32,000 price tag. Both units are imported from…. CHINA. EVs have ZERO TARIFFS in the Philippines. Dealers are marking up BYD to offset the lost revenue due to less need for regular maintenance where they usually gouge owners. Im surprised Tesla is selling at a discount to BYD.

$NIO Inc.(NIO)$ $NIO-SW(09866)$ proving again that good ER = bad stock move; bad ER = good stock move. 😂But seriously, a lot of this recovery from awful premarket is thanks to the meat of the analyst briefing.☑️Doubling sales in 2025 ‼️☑️Target for profitability in full year 2026 ‼️☑️Firefly launch and deliveries in 1H25☑️Onvo & Firefly to spearhead overseas push☑️Switch to new gen platform in 2025☑️Onvo to launch 2 SUVs in 2025☑️MENA store to launch end-Nov☑️FCF turned positive in Q324 ‼️

This is just laughable. $Alphabet(GOOG)$ $Alphabet(GOOGL)$ has an almost 90% market share of search globally regardless of browser.It pays $Apple(AAPL)$ $18B/yr to be the default search engine in iOS. Simply selling Chrome to another company will not change Google’s search engine monopoly. It’s simply restructuring masked as antitrust. Image $Apple(AAPL)$ market share in Indonesia's 35m/year smartphone industry is 12%. That works out to 4.2m iPhones each year with an estimated value of $4 billion. Not sure what a $100m investment will do to help the company comply with Indonesia's 40% local content requirement. That am

The $.SPX(.SPX)$ and $NASDAQ 100(NDX)$ are still the best-performing major markets globally year-to-date.Without looking at charts, you won't think that China's three other main indices are right behind their US counterparts. $HSI(HSI)$ $HSTECH(HSTECH)$ CSI300Remember that China's markets underwent a major correction in October. We already had the Trump bump this month. Will China have a stimulus kick going into the final month of the year? $KraneShares CSI China Internet ETF(KWEB)$ $iShares MSCI Hong Kong ETF(EWH)$

Take a look at these two Alibaba charts. One is for its HK-listed shares $BABA-W(09988)$ , while the other is for the ADR $Alibaba(BABA)$ .Crazy how the ADR likes to give out these false breakdowns that don't seem to occur in the HK counter.This is why it's always important to wait for confirmation of a move, whether bullish or bearish.ImageImageMainland investors bought up a net 28.7m more shares in Alibaba via the Stock Connect over the past week as the company announced 2QFY25 results, which beat earnings expectations. Ownership by Chinese investors now at an ATH of 3.84%.

One of $Alibaba(BABA)$ $BABA-W(09988)$ 's biggest revenue contributors is its Cainiao Smarts Logistics arm. One of a handful of cross-border e-commerce logistics services providers, it's dedicated to serving the needs of Alibaba's customers in Taobao and TMall.While profits have been generally growing in line with Alibaba's GMV, it's struggled to contribute to the group's profitability. However, it's also not bleeding the company - effectively breaking even while providing affordable shipping for Alibaba's customers. This is possibly why Joe Tsai decided to buy out minority shareholders last March and scrap a spin-off and IPO of Cainiao. They bought out 36% minority stake at a valuation of about US$10.4

$Alibaba(BABA)$ $BABA-W(09988)$ 's Cloud Intelligence business is the driving force of its growth. After going through several years of regulatory scrutiny, the company now has a clear path towards expanding in this market expected to triple to $293B by 2027. It's why they're investing heavily today.EBITDA margins hit an all-time-high of 9% in 2QFY25, up from 5.1% a year ago, and up from 2.1% two years ago. These margins are almost similar to $Amazon.com(AMZN)$ 's AWS, which is now being valued at $2.5 to $3.0 trillion. Alibaba Cloud isn't generating anywhere near the revenue of AWS. But not too far either - about 1/6th AWS 2023 revenues on a TTM basis. Kind of

1. $JD.com(JD)$ $JD-SW(09618)$ The order flow in JD's HK-listed shares is dominated by bullish orders today despite it being down more than 2%. Sign of accumulation by institutional buyers ahead of tomorrow's 3Q24 earnings release?ImageImage2. $LEAPMOTOR(09863)$ One of the few Chinese EV makers doing very well but flying under the radar of Wall Street is Leapmotor which you can only trade in the HKEX Group. Its 3Q24 rev +74% to RMB 9.86b ($1.4b) and net loss narrowed to RMB 690m ($98m) beating expectations by around 40%. At a market cap of $4.6bn, trading at a P/S of 1.3X fwd 12m revenue. Image3. $HSTECH(HSTECH)$ The H