To The Moon

Chinese e-commerce conglomerate Pinduoduo sacked a number of its employees after being involved in a brawl with market regulators, Nikkei Asia reported Wednesday, citing sources.The dismissed employees were mostly from Pinduoduo's government relations division, the report said, citing people familiar with the matter.Among those dismissed was compliance director Tu Tuohang, who posted on WeChat stating he had been dismissed last week for "serious negligence that caused substantial harm to the company," the report said."Nearly 30 employees" were also dismissed, the report said, citing Tu.Police earlier detained at least three executives of Pinduoduo after a physical fight with market inspectors at its Shanghai headquarters, the report said.Clashes between companies and regulators are rare in China, the report said.

Alibaba Group stock was one of the few names rising on Monday, with the wider market seeing a rocky start to December as risk sentiment among investors seemed to take a hit.While the S&P 500 was poised to open 0.7% lower to begin the month, Alibaba's American Depositary Receipts -- or ADRs, essentially its U.S.-listed stock -- jumped 1.5%.It looks like economic pain in China could mean government stimulus from Beijing that could boost Alibaba.Investors were digesting key economic data from China that came out over the weekend. The country's official manufacturing purchasing-managers' index printed at 49.2, with any number below 50 marking contraction, and this being the eighth consecutive month for the index below 50.The non-manufacturing PMI came in at 49.2, below expectations of 50 and marking the first month of contraction in nearly three years."Chinese equities are bucking the risk off elsewhere this morning, possibly on stimulus hopes given the data," noted Jim Reid, a strategist

Heilongjiang, a key region in Northeast China, has become the latest strategic focus for Chagee Holdings Limited (CHA). The company recently established Heilongjiang Chagee Enterprise Management Co.,...

Li Auto announced that it delivered 33,181 vehicles in November 2025. As of November 30, 2025, Li Auto’s cumulative deliveries reached 1,495,969.The Company expects the monthly production capacity...

Circle stock surged 10% on Friday. Tether was downgraded by S&P Global on Wednesday, reigniting questions about whether the world’s largest stablecoin can maintain its peg to the U.S. dollar.S&P said...

Everbright Securities reiterated its "Buy" rating on WERIDE-W (00800), citing the company's strong Q3 performance, potential for continued reduction in Robotaxi hardware and operating costs per...

Genting Singapore's stock (G13.SI) surged 3.25% in Tuesday's trading session, buoyed by positive analyst sentiment and a promising outlook for the casino operator. The company's shares rallied as...

On November 10, leading autonomous driving technology company WeRide (HKEX: 00800, NASDAQ: WRD) announced it has officially received approval from the UAE federal government to launch fully...

Haidilao (06862.HK), a leading Chinese hot pot restaurant chain, saw its stock price soar 5.05% in intraday trading, reflecting broader gains in the catering sector. The surge comes amid positive...

Genting Singapore posted a net profit of $94.6 million for 3QFY2025 ending Sept 30, marking a 19% increase y-o-y. Net profit also grew 5% q-o-q to $89.8 million. During this period, the company saw a...