To The Moon

Hong Kong stocks rose from Monday’s open, extending last week’s gains, on increasing signs Beijing is determined to shore up growth with measures supporting weaker parts of the economy.The Hang Seng Index rose 1.84%. Alibaba Group rose 3.23 per cent to HK$99, JD.com rose 6.26 per cent to HK$163 and Nio rose 7.31 per cent to HK$117.40.Enthusiasm toward Hong Kong shares has been boosted as regulators have made a series of high-profile pledges to prop up the ailing economy and introduced incrementa

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Hot Chinese ADRs took off in premarket trading; $Bilibili Inc.$ surged over 8% while $iQiyi Inc.$ rose over 4%.While China has pledged support for private businesses, policymakers have stopped short of delivering a bazooka-style stimulus injection to revive its faltering economy. Instead, it is putting the onus on banks to help jumpstart the housing market by easing loan conditions and extending repayment for some struggling developers.The Ministry of Housing and Urban-Rural Development said on

These millionaire-maker tech stocks, often deemed as millionaires' makers, provide vast long-term growth prospects due to several potent catalysts

BEIJING, July 23 - China's Alibaba Group said on Sunday it had decided not to participate in affiliate Ant Group's proposed repurchase of shares, but would maintain its shareholding in the company.Ant Group announced a surprise share buyback of up to 7.6% of its equity interest earlier this month, a day after it was fined $984 million by Beijing for violating laws and regulations.Online retail giant Alibaba, which spun off Ant 12 years ago retains a 33% stake.The fine has fuelled hopes that a y

Sean Gallup The bearish thesis against Alibaba (NYSE:BABA) is well known at this point, centering around the regulatory risk in the event of rising US-China tensions. But the market seems to be ignori

Apple targets 85 million units, roughly in line with last yearIts fortunes affects thousands of firms, millions of workersApple Inc. is asking suppliers to produce about 85 million units of the iPhone