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HL888

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- HL888HL888
  ·2021-07-08
  If Low, can buy for long term.
  Didi Extends Drop to Fresh Lows as China Weighs Rule Changes
  (Bloomberg) -- Didi Global Inc. shares fell for a third consecutive day on Wednesday, hitting fresh
  Didi Extends Drop to Fresh Lows as China Weighs Rule Changes
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- HL888HL888
  ·2021-07-01
  Noted
  Alibaba Nears First Big Deal Since Record Antitrust Fine
  E-commerce firm, government are said to team up on Suning deal Boosting Suning.com stake can help Al
  Alibaba Nears First Big Deal Since Record Antitrust Fine
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- HL888HL888
  ·2021-06-29
  Keep watch carefully
  Top investment strategist David Roche warns the Fed could burst a market ‘bubble’
  KEY POINTS The flagship U.S. stock index on Friday chalked up its strongest week since February. Th
  Top investment strategist David Roche warns the Fed could burst a market ‘bubble’
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The American depositary shares slumped 20% in Tuesday’s session, and now trade 15% lower than the $14 they were sold at in the IPO. Didi’s offering was the second-largest U.S.-listing for a Chinese firm on record. The company has lost over $17 billion of market value so far this week, including about $15 billion on Tuesday alone.</p>\n<p>“The Chinese government has made it very clear that they act in what they believe to be their own best interests,” said Steve Sosnick, chief strategist at Interactive Brokers. “This doesn’t rule out the idea that <a href=\"https://laohu8.com/S/AONE\">one</a> could or should invest in China, it just changes the risk premium that is required.”</p>\n<p>Regulators in Beijing are planning rule changes that would allow them to block a Chinese company from listing overseas even if the unit selling shares is incorporated outside China, shutting off a route long-used by the country’s technology giants, according to people familiar with the matter.</p>\n<p>The China Securities Regulatory Commission is leading efforts to revise rules on overseas listings that have been in effect since 1994, said the people, asking not to be identified discussing a private matter. The proposed changes, which are subject to approval by the State Council, could also impact companies that have already gone public using the so-called Variable Interest Entity model, the people said.</p>\n<p>In another blow to the stock, two U.S. shareholder lawsuits were filed in federal court in New York and Los Angeles late Tuesday. The suits claim the company failed to disclose ongoing talks it was having with Chinese authorities about its compliance with cybersecurity laws and regulations. Several executives and directors, including Chief Executive Officer Will Wei Cheng, as well as lead underwriters Goldman Sachs, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> and JPMorgan Chase &amp; Co. are named as defendants.</p>\n<p>Didi didn’t respond to a request for comment. Goldman, Morgan and JPMorgan also didn’t respond to requests for comment.</p>\n<p>China on Tuesday issued a sweeping warning to some of its biggest companies, vowing to tighten oversight of data security and overseas listings. That put further selling pressure on China’s biggest technology names including Alibaba Group Holding Ltd. and Baidu Inc., which have both closed lower for five straight days.</p>\n<p>A gauge of Chinese technology stocks traded in Hong Kong fell as much as 1.9% on Wednesday to approach its lowest level since November. The index has slumped more than 30% since its February high, while a measure of Chinese American depositary receipts has lost about 14% so far this year.</p>","source":"yahoofinance","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>Didi Extends Drop to Fresh Lows as China Weighs Rule Changes</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\">\nDidi Extends Drop to Fresh Lows as China Weighs Rule Changes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 09:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/didi-extends-drop-fresh-lows-202550271.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Didi Global Inc. shares fell for a third consecutive day on Wednesday, hitting fresh lows, as China was said to consider closing a loophole used by firms listing their shares abroad.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/didi-extends-drop-fresh-lows-202550271.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/94e0f5afee3858f7e4067e2883e7c620","relate_stocks":{"GS":"高盛","BIDU":"百度","CAAS":"中汽系统","K3SD.SI":"u BIDU ADR US$+","JPM":"摩根大通","BABA":"阿里巴巴","MS":"摩根士丹利"},"source_url":"https://finance.yahoo.com/news/didi-extends-drop-fresh-lows-202550271.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2149314868","content_text":"(Bloomberg) -- Didi Global Inc. shares fell for a third consecutive day on Wednesday, hitting fresh lows, as China was said to consider closing a loophole used by firms listing their shares abroad.\nThe ride-hailing company fell 4.6% in New York trading to close at $11.91. The American depositary shares slumped 20% in Tuesday’s session, and now trade 15% lower than the $14 they were sold at in the IPO. Didi’s offering was the second-largest U.S.-listing for a Chinese firm on record. The company has lost over $17 billion of market value so far this week, including about $15 billion on Tuesday alone.\n“The Chinese government has made it very clear that they act in what they believe to be their own best interests,” said Steve Sosnick, chief strategist at Interactive Brokers. “This doesn’t rule out the idea that one could or should invest in China, it just changes the risk premium that is required.”\nRegulators in Beijing are planning rule changes that would allow them to block a Chinese company from listing overseas even if the unit selling shares is incorporated outside China, shutting off a route long-used by the country’s technology giants, according to people familiar with the matter.\nThe China Securities Regulatory Commission is leading efforts to revise rules on overseas listings that have been in effect since 1994, said the people, asking not to be identified discussing a private matter. The proposed changes, which are subject to approval by the State Council, could also impact companies that have already gone public using the so-called Variable Interest Entity model, the people said.\nIn another blow to the stock, two U.S. shareholder lawsuits were filed in federal court in New York and Los Angeles late Tuesday. The suits claim the company failed to disclose ongoing talks it was having with Chinese authorities about its compliance with cybersecurity laws and regulations. Several executives and directors, including Chief Executive Officer Will Wei Cheng, as well as lead underwriters Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co. are named as defendants.\nDidi didn’t respond to a request for comment. Goldman, Morgan and JPMorgan also didn’t respond to requests for comment.\nChina on Tuesday issued a sweeping warning to some of its biggest companies, vowing to tighten oversight of data security and overseas listings. That put further selling pressure on China’s biggest technology names including Alibaba Group Holding Ltd. and Baidu Inc., which have both closed lower for five straight days.\nA gauge of Chinese technology stocks traded in Hong Kong fell as much as 1.9% on Wednesday to approach its lowest level since November. The index has slumped more than 30% since its February high, while a measure of Chinese American depositary receipts has lost about 14% so far this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158981429,"gmtCreate":1625122280961,"gmtModify":1703736578671,"author":{"id":"3586670174247137","authorId":"3586670174247137","name":"HL888","avatar":"https://static.tigerbbs.com/a1dc225c3ddad264b4521f21a6fa5cb6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586670174247137","authorIdStr":"3586670174247137"},"themes":[],"htmlText":"Noted&nbsp;","listText":"Noted&nbsp;","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158981429","repostId":"2148942845","repostType":4,"repost":{"id":"2148942845","kind":"news","pubTimestamp":1625121430,"share":"https://ttm.financial/m/news/2148942845?lang=&edition=fundamental","pubTime":"2021-07-01 14:37","market":"us","language":"en","title":"Alibaba Nears First Big Deal Since Record Antitrust Fine","url":"https://stock-news.laohu8.com/highlight/detail?id=2148942845","media":"Bloomberg","summary":"E-commerce firm, government are said to team up on Suning deal\nBoosting Suning.com stake can help Al","content":"<ul>\n <li>E-commerce firm, government are said to team up on Suning deal</li>\n <li>Boosting Suning.com stake can help Alibaba compete with JD.com</li>\n</ul>\n<p>Alibaba Group Holding Ltd. is poised to make its first major investment since it paid a record antitrust fine as part of a bruising crackdown on Jack Ma’s internet empire.</p>\n<p>A consortium led by the e-commerce giant and the Jiangsu provincial government is nearing a deal to buy a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning conglomerate, people familiar with the matter have said. The deal would add to the 20% stake that Alibaba already owns in Suning.com Co., <a href=\"https://laohu8.com/S/AONE\">one</a> of China’s biggest retailers of appliances, electronics and other consumer goods that’s valued at roughly $8 billion.</p>\n<p>The potential investment could mark a comeback for Alibaba since authorities levied a $2.8 billion fine on the company in April for anti-monopoly violations, fueling its first loss in nine years. The deal would help the e-commerce firm encroach on top rival JD.com Inc.’s traditional stronghold of electronics, while joining hands with local authorities signals the tech billionaire and his company are ready to get back to deal-making.</p>\n<p>“Should the deal proceed, it strengthens the case that Alibaba isn’t allowing regulatory overhang to constrain its strategic ambitions or opportunistic investments,” said Michael Norris, a tech analyst with Shanghai-based market research firm AgencyChina. “The potential strategic value of Suning’s stores, distribution centers and last-mile delivery stations to an increasingly omnichannel Alibaba is clear.”</p>\n<p>Any deal will likely need to be approved by the State Administration for Market Regulation, the increasing powerful antitrust watchdog in Beijing. The regulator had previously penalized Alibaba for not properly declaring a past investment in Intime Retail Group Co., on top of the $2.8 billion fine levied as part of a wider anti-monopoly investigation.</p>\n<p>Even as Alibaba attempts to moves on, Ma’s fintech arm Ant Group Co. is still undergoing a painful state-ordered transition into a financial holding company that will be regulated more like a bank. Beijing has also expressed concern over Alibaba’s media holdings and wants the company to offload those assets, including the South China Morning Post, Bloomberg News reported in March.</p>\n<p>A announcement could be made as soon as this week, according to the people, who asked not to be identified as the information is private. Negotiations are ongoing and a deal could still be delayed or fall apart, the people said.</p>\n<p>Zhang, the Suning founder, will no longer have control of the company after the deal, the people said, marking the end of his run as a high-profile entrepreneur who drove his firm into an array of businesses, including ownership of the Inter Milan soccer team. That rapid expansion had fueled concerns over the group’s liquidity, which were exacerbated after the billionaire in September waived his right to a payment from China Evergrande Group, the world’s most indebted property developer.</p>\n<p>Suning.com is based in Nanjing, the capital city of Jiangsu province -- a roughly 3-hour drive from Alibaba’s home base of Hangzhou, where it remains <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most influential corporations even after the central government’s crackdown. The embattled firm has a strong physical retail presence in China, especially in its eastern part that includes financial center Shanghai.</p>\n<p>Among hypermarkets, it has the fifth-largest nationwide share of 4.4%, according to 2020 data from Euromonitor International. Sun Art Retail Group Ltd., which Alibaba controls, has the biggest share at 13.7%. A consolidation of Alibaba’s units would pose a challenge to other players, like Walmart Inc.’s China operations -- currently in fourth-place with a 9.3% market share -- which has a tie-up with JD.com in its online operations.</p>\n<p>Alibaba and Suning have long been closely allied, forming a partnership in areas ranging from logistics to online sales. In 2015, Alibaba invested $4.6 billion for its 20% stake in Suning.com, which in turn paid $2.3 billion to buy a 1.1% stake in the larger company that it later pared down. Since then, Suning.com’s shares have tumbled about 60% even as Alibaba’s stock more than doubled. The smaller firm’s bonds climbed Wednesday after news of the potential bailout.</p>\n<p><img src=\"https://static.tigerbbs.com/b1c44055d213ba13ad9609491980074b\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The partnerships with Suning and other brick-and-mortar retailers are part of the e-commerce giant’s goal to build an empire where offline and online shopping are seamlessly integrated -- a strategy that it calls New Retail. Alibaba Chief Executive Officer Daniel Zhang has made expansion into physical retail and the grocery business in particular a cornerstone of his growth strategy, an effort that paid off during the coronavirus pandemic.</p>\n<p>Alongside investments in traditional retailers, the company has made a push into the offline world with physical stores for its Freshippo grocery and food startup. Its New Retail business has since grown into a $25.6 billion operation, contributing a fifth of total revenue in the year ended March.</p>\n<p>A larger stake in Suning.com could help Alibaba fend off growing competition from JD.com, the Tencent Holdings Ltd.-backed online retail giant that is especially strong in electronics and home appliances. The segment accounted for just over half of JD.com’s revenues in the March quarter. Richard Liu’s corporation has also expanded into offline retail, outlining plans to build 300 home appliance flagship stores in second- and third-tier cities by 2025, along with 5,000 stores in smaller towns and villages.</p>\n<p>“Alibaba already holds a 20% stake in Suning.com and both companies have been collaborating to develop new ways of shopping for consumer electronic goods by consumers in mainland China,” said Bloomberg Intelligence senior analyst Catherine Lim. “An increased stake in Suning.com could facilitate such collaborations and raise Alibaba’s share of online retail sales for consumer electronics, which currently trails rival JD.com.”</p>","source":"lsy1584095487587","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 Nears First Big Deal Since Record Antitrust Fine</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 Nears First Big Deal Since Record Antitrust Fine\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 14:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/alibaba-nears-first-big-deal-since-record-antitrust-fine?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>E-commerce firm, government are said to team up on Suning deal\nBoosting Suning.com stake can help Alibaba compete with JD.com\n\nAlibaba Group Holding Ltd. is poised to make its first major investment ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/alibaba-nears-first-big-deal-since-record-antitrust-fine?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-W","FNLC":"第一万通金控","WMT":"沃尔玛","002024":"ST易购","FBNC":"第一万能金控","JD":"京东","FFBC":"第一金融银行股份","THFF":"First Financial Corporation Indi","BABA":"阿里巴巴"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/alibaba-nears-first-big-deal-since-record-antitrust-fine?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2148942845","content_text":"E-commerce firm, government are said to team up on Suning deal\nBoosting Suning.com stake can help Alibaba compete with JD.com\n\nAlibaba Group Holding Ltd. is poised to make its first major investment since it paid a record antitrust fine as part of a bruising crackdown on Jack Ma’s internet empire.\nA consortium led by the e-commerce giant and the Jiangsu provincial government is nearing a deal to buy a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning conglomerate, people familiar with the matter have said. The deal would add to the 20% stake that Alibaba already owns in Suning.com Co., one of China’s biggest retailers of appliances, electronics and other consumer goods that’s valued at roughly $8 billion.\nThe potential investment could mark a comeback for Alibaba since authorities levied a $2.8 billion fine on the company in April for anti-monopoly violations, fueling its first loss in nine years. The deal would help the e-commerce firm encroach on top rival JD.com Inc.’s traditional stronghold of electronics, while joining hands with local authorities signals the tech billionaire and his company are ready to get back to deal-making.\n“Should the deal proceed, it strengthens the case that Alibaba isn’t allowing regulatory overhang to constrain its strategic ambitions or opportunistic investments,” said Michael Norris, a tech analyst with Shanghai-based market research firm AgencyChina. “The potential strategic value of Suning’s stores, distribution centers and last-mile delivery stations to an increasingly omnichannel Alibaba is clear.”\nAny deal will likely need to be approved by the State Administration for Market Regulation, the increasing powerful antitrust watchdog in Beijing. The regulator had previously penalized Alibaba for not properly declaring a past investment in Intime Retail Group Co., on top of the $2.8 billion fine levied as part of a wider anti-monopoly investigation.\nEven as Alibaba attempts to moves on, Ma’s fintech arm Ant Group Co. is still undergoing a painful state-ordered transition into a financial holding company that will be regulated more like a bank. Beijing has also expressed concern over Alibaba’s media holdings and wants the company to offload those assets, including the South China Morning Post, Bloomberg News reported in March.\nA announcement could be made as soon as this week, according to the people, who asked not to be identified as the information is private. Negotiations are ongoing and a deal could still be delayed or fall apart, the people said.\nZhang, the Suning founder, will no longer have control of the company after the deal, the people said, marking the end of his run as a high-profile entrepreneur who drove his firm into an array of businesses, including ownership of the Inter Milan soccer team. That rapid expansion had fueled concerns over the group’s liquidity, which were exacerbated after the billionaire in September waived his right to a payment from China Evergrande Group, the world’s most indebted property developer.\nSuning.com is based in Nanjing, the capital city of Jiangsu province -- a roughly 3-hour drive from Alibaba’s home base of Hangzhou, where it remains one of the most influential corporations even after the central government’s crackdown. The embattled firm has a strong physical retail presence in China, especially in its eastern part that includes financial center Shanghai.\nAmong hypermarkets, it has the fifth-largest nationwide share of 4.4%, according to 2020 data from Euromonitor International. Sun Art Retail Group Ltd., which Alibaba controls, has the biggest share at 13.7%. A consolidation of Alibaba’s units would pose a challenge to other players, like Walmart Inc.’s China operations -- currently in fourth-place with a 9.3% market share -- which has a tie-up with JD.com in its online operations.\nAlibaba and Suning have long been closely allied, forming a partnership in areas ranging from logistics to online sales. In 2015, Alibaba invested $4.6 billion for its 20% stake in Suning.com, which in turn paid $2.3 billion to buy a 1.1% stake in the larger company that it later pared down. Since then, Suning.com’s shares have tumbled about 60% even as Alibaba’s stock more than doubled. The smaller firm’s bonds climbed Wednesday after news of the potential bailout.\n\nThe partnerships with Suning and other brick-and-mortar retailers are part of the e-commerce giant’s goal to build an empire where offline and online shopping are seamlessly integrated -- a strategy that it calls New Retail. Alibaba Chief Executive Officer Daniel Zhang has made expansion into physical retail and the grocery business in particular a cornerstone of his growth strategy, an effort that paid off during the coronavirus pandemic.\nAlongside investments in traditional retailers, the company has made a push into the offline world with physical stores for its Freshippo grocery and food startup. Its New Retail business has since grown into a $25.6 billion operation, contributing a fifth of total revenue in the year ended March.\nA larger stake in Suning.com could help Alibaba fend off growing competition from JD.com, the Tencent Holdings Ltd.-backed online retail giant that is especially strong in electronics and home appliances. The segment accounted for just over half of JD.com’s revenues in the March quarter. Richard Liu’s corporation has also expanded into offline retail, outlining plans to build 300 home appliance flagship stores in second- and third-tier cities by 2025, along with 5,000 stores in smaller towns and villages.\n“Alibaba already holds a 20% stake in Suning.com and both companies have been collaborating to develop new ways of shopping for consumer electronic goods by consumers in mainland China,” said Bloomberg Intelligence senior analyst Catherine Lim. “An increased stake in Suning.com could facilitate such collaborations and raise Alibaba’s share of online retail sales for consumer electronics, which currently trails rival JD.com.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159857940,"gmtCreate":1624957817080,"gmtModify":1703848816036,"author":{"id":"3586670174247137","authorId":"3586670174247137","name":"HL888","avatar":"https://static.tigerbbs.com/a1dc225c3ddad264b4521f21a6fa5cb6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586670174247137","authorIdStr":"3586670174247137"},"themes":[],"htmlText":"Keep watch carefully&nbsp;","listText":"Keep watch carefully&nbsp;","text":"Keep watch carefully","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159857940","repostId":"1178274612","repostType":4,"repost":{"id":"1178274612","kind":"news","pubTimestamp":1624957712,"share":"https://ttm.financial/m/news/1178274612?lang=&edition=fundamental","pubTime":"2021-06-29 17:08","market":"us","language":"en","title":"Top investment strategist David Roche warns the Fed could burst a market ‘bubble’","url":"https://stock-news.laohu8.com/highlight/detail?id=1178274612","media":"CNBC","summary":"KEY POINTS\n\nThe flagship U.S. stock index on Friday chalked up its strongest week since February.\nTh","content":"<div>\n<p>KEY POINTS\n\nThe flagship U.S. stock index on Friday chalked up its strongest week since February.\nThis despite the rapid spread of the highly contagious new variant and lingering concerns over whether...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/veteran-investor-david-roche-says-the-market-bubble-will-come-to-an-end-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Top investment strategist David Roche warns the Fed could burst a market ‘bubble’</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\">\nTop investment strategist David Roche warns the Fed could burst a market ‘bubble’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/29/veteran-investor-david-roche-says-the-market-bubble-will-come-to-an-end-.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe flagship U.S. stock index on Friday chalked up its strongest week since February.\nThis despite the rapid spread of the highly contagious new variant and lingering concerns over whether...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/veteran-investor-david-roche-says-the-market-bubble-will-come-to-an-end-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/29/veteran-investor-david-roche-says-the-market-bubble-will-come-to-an-end-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1178274612","content_text":"KEY POINTS\n\nThe flagship U.S. stock index on Friday chalked up its strongest week since February.\nThis despite the rapid spread of the highly contagious new variant and lingering concerns over whether the U.S. Federal Reserve will be forced to scale back its unprecedented stimulus program.\nVeteran investor David Roche said current valuations were a “bubble.”\n\nAs the S&P 500 notches record highs despite the backdrop of potential monetary tightening and the new delta Covid-19 variant, veteran investor David Roche says investors should be wary of the bubble bursting.\nThe flagship U.S. stock index on Friday chalked up its strongest week since February, despite the rapid spread of the highly contagious new variant and lingering concerns over whether the U.S. Federal Reserve will be forced to scale back its unprecedented stimulus program sooner than planned, with inflation running well above target.\nThe Fed recently surprised markets with a slightly hawkish pivot, upping its inflation expectations and bringing forward its interest rate hike schedule to indicate two raises in 2023.\nSpeaking to CNBC’s “Squawk Box Europe” on Monday, Roche, president of investment firm Independent Strategy, said current valuations were a “bubble.”\n“These things always come to an end, and it’s very hard to say what the catalyst that will bring it to an end will be. It could be another Covid variant, at the moment I think that is fairly unlikely,” he said.\n“The most likely [catalyst] from my view is that the Fed actually is forced to stop giving a double message and starts having to talk quite seriously about the days of additional monetary stimulus and financing of budget deficits [being] over,” he said.\nWhile some Fed officials have indicated a need to bring forward the conversation about tapering the central bank’s asset purchase program,Chair Jerome Powell moved to soothe the markets by suggesting the projections be taken with a “big grain of salt.”\nRoche suggested the spread of the delta variant was unlikely to be the trigger for pent-up consumer savings to be withheld and for markets to pull back.\n“With regards fiscal stimulus, the likelihood is that the combination of excess savings in both the housing sector and in the corporate sector, plus the fact that there will be more stimulus coming down the line, will keep people fairly optimistic about growth,” he said.\nAlong with the unprecedented fiscal stimulus already in place to support the economy through the pandemic, a bipartisan group of lawmakers closed a deal on infrastructure spending on Thursday. The framework will include $579 billion in new spending to improve the country’s roads, bridges and broadband.\n“Can all this be upset by consumers being scared? The answer is yes it could, if particularly this new variant — the delta variant — were to actually get traction in the United States,” Roche said.\nHowever, he suggested that while countries like Russia, Indonesia, the Philippines and Portugal are looking at a spread that will be much harder to contain, major developed markets should be able to escape.\n“This delta variant in developed markets has really hit hardest in the U.K. and outside the U.K., I would say it is still under control, so I don’t yet see that as a major threat to consumers spending their excess savings,” Roche added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}