The Federal Reserve remained on hold for the sixth time, continuing to maintain interest rates at 5.25-5.50%, while also rejecting the possibility of further interest rate increases. Nonetheless, with inflation data still higher than expected, a high interest rate environment is likely to remain in place for some time to come. Global stock markets have experienced a violent rebound, especially Hong Kong stocks, which have surged by about 20% from the bottom in January this year, finally ushering in a long-lost bull market. U.S. stocks, which had technically turned negative before, also rebounded dramatically to levels before falling. Today, let's look I to the technical charts of a few famous Chinese stocks. BABA BABA daily chart Double bullish sign for Baba stock! Firstly, the share
What a great week for listed Chinese EV shares last week. Most of them experienced significant gain in their share prices over the week. The biggest winner belongs to Nio! NIO Nio is a Chinese EV maker that sells a wide range of sedans and SUVs. It differentiates itself from the competition with its swappable batteries, which can be quickly replaced with fully charged ones across its network of swapping stations. Nio delivered 15,620 vehicles in April, a 134.6% year-over-year increase. Nio's strong performance may be related to the price adjustment and promotions of its battery rental service. The strategy has allowed Nio to deal with the price war without having to lower its vehicle prices. Nio daily chart Great prediction and analysis last week. Nio continued to trend higher after break
Carried by the EV leaders and bullish investment sentiment in Hong Kong and China markets, the famous Chinese EV trio rebounded strongly during Friday's trading session. Let's look into the technical analysis and prediction for these stocks movement next week. Chinese EV Trio - Nio Xpeng Li Nio announced on Thursday that it entered into strategic cooperation with Lotus Technology on charging and swapping. The announcement was made at the 2024 Beijing International Automotive Exhibition. The two companies plan to carry out comprehensive and in-depth strategic cooperation in areas related to charging and swapping, including battery standards, charging and swapping technologies, battery asset management and operations, service network construction and operations, vehicle R&D and customiza
China 🇨🇳 strengthens stock market trading - Good or Bad News?
Another big news for China market, again and again after every rally. [Surprised] [Surprised] [Surprised] China's Cabinet vowed to tighten stock listing criteria and urged companies to improve corporate governance in new guidelines released on Friday, the latest effort to support the nation's equity market. According to the statement, the State Council will ensure“high quality development”of listed companies, crack down on illegal share sales and strengthen the supervision of dividend payouts. It will also promote the entry of medium- to long-term funds into the market.The measures come as the equity market has struggled to extend a nascent rebound, with the CSI 300 Index falling for the seventh session on Friday.Personally, I think such measure w
Chinese stocks are now looking to recoup some US$10 trillion of losses from the last three years, with valuations hovering near a decade-low. The MSCI China Index tracking more than 700 companies traded at home and abroad has rebounded 12 per cent from a January low, ranking it among the best performers among major global peers during that period. Foreign investors' appetite for Chinese stocks continues to recover as they become less pessimistic about the prospects of a recovery. Meanwhile, geopolitical conflicts will also continue to drive global investors to diversify or leave China and to fear being discriminated against globally for being friendly to the country. That means China will continue to face difficulties attracting investment. Let's look into a few Chinese ADRs and see h
I wonder how many investors are still having their hopes with Chinese stocks, which has been undervalued for the past years without an obvious trend reversal until today. China's Shanghai Shenzhen CSI 300 and Shanghai Composite indexes slid 1.6% each on Friday, and were among the worst performers in Asia. Losses in technology and mainland stocks dragged Hong Kong's Hang Seng index down nearly 3%. Chinese technology stocks were battered by fears of more U.S. sanctions, after a top Commerce Department official suggested that SMIC- the country's biggest chipmaker- may have violated U.S. trade law in making a processor for a flagship Huawei phone. Sentiment towards China was also rattled by reports of a new U.S. bill that will limit investment in Chinese stocks by U.S. mutual fund f
As we can observe this week, it will be a big event for Chinese stocks as most of the major or hot companies are going to release their earnings this week! It's hard to guess or predict the trend after earnings but we can analyse from the view of technical trend. Without doubt, Chinese stocks showed strength in rebound for the past few weeks, indicating a trend reversal for most of the stocks after being downtrended for the past 2-3 years. Let's start with the two EV makers, Xpeng and Xiaomi in which the latter is a new joined player in the EV market. Xpeng Xpeng is one of the famous Chinese Trio. The company stock starts to rebound since early February. As we can observe from the chart below, drawn in blue line, an obvious uptrend is formed and valid until now. An uptrend
Hong Kong stocks rose, starting the week on a firm note, after an official report over the weekend spurred optimism that consumer demand was improving in the world's second largest economy, with positive investor flows also boosting sentiment. The Hang Seng Index advanced over 1% this morning. The Hang Seng Tech Index gained over 2% today. Economists largely attributed the gain in consumer inflation to seasonality, in which the Lunar New Year fell in February in 2024 against in January a year earlier. The recovery in consumer prices is a welcome sign of improved domestic demand. However, we are not yet out of the woods with trade still facing uncertainty and the property drag ongoing, which means policymakers will need to keep a proactive stance. For such, I am optimistic for Chinese ADRs
This is kinda of bullshit news, there so much thing counterfeit selling in all platform. No one cares abt this small toys
Alibaba Must Face Lawsuit in US Over Counterfeit Squishmallows
A U.S. judge on Wednesday rejected Alibaba's bid to dismiss a lawsuit over the alleged sale by various merchants of counterfeit versions of the popular children's toy Squishmallows on its online platf
Is SHEIN worth $90B ? And worth half of PDD and even more ridiculously worth half of BABA? Think about it and how is this not an overcrowded traded stock. While baba is being shorted down like a cheap stock, if this is not manipulated then what is it? just a matter of time when the band snaps and it bounce like a rocket to the moon. $Alibaba(BABA)$ $Pinduoduo Inc.(PDD)$
Temu Takes Shein To Court: What Does This Mean for US Fashion Retail?
PDD Holdings Inc-owned Temu has filed a lawsuit against Shein, afast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive practices.This legal action reignites a previous conflict between the two companies, each having withdrawn earlier lawsuits against the other.Temu, operated byWhaleco Inc, accuses Shein of implementing a "desperate plan" to undercut its business.This includes issuing copyright takedown notices, enforcing exclusive agreements with fashion suppliers, and exerting pressure on Temu merchants, Bloombergreports.Also Read:Temu vs. Dollar Stores: Is Alibaba's Competitor Rewriting the Rules of American Retail?The lawsuit details how Shein allegedly coerced Chinese suppliers who listed their products on both platforms, forcing them to surrender phone passwords and transaction records related to Temu.Temu contends that Shein's anti-competitive behavior has become increasingly aggressive, necessitating this lawsuit.Shein,
China Has A New E-Commerce Top Dog As Global Gains Lift PDD Past Alibaba
PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.PDD's success is attributed to its focus on bargains and its
Alibaba Set to Lose Its Position As the Most Valuable Chinese Company Listed in the US to Upstart PDD
" Ma continued.PDD's revenue for the July-September quarter came in well above the Wall Street consensus, partly because analysts had underestimated Temu, PDD's cross-border e-commerce service that ships goods from China globally. PDD did not disclose revenue, marketing expenses or any other data related to Temu in its latest financial report, and management sidestepped questions about Temu at its earnings calls.Temu, now available in more than 40 countries, is the global version of the Pinduodu
If you know the pain, it can be easily rectified. There are quite many others who are exuberating without knowing the pain exists is a real cause for concern
Alibaba Stock Drops. A Rival's Success Might Act as a Call for Action
When things are going badly for you, the last thing you want to hear is a neighbor talking about how well they're doing. That's roughly the situation Alibaba finds itself in with respect to Chinese internet peer PDD Holdings.Alibaba is struggling to reassure investors about its strategy after dramatically abandoning a plan to spin off its cloud unit, apparently hit by U.S. controls on chip exports.Alibaba ADRs were down 2.6% at $74.74 in premarket trading Wednesday, having fallen 13% this year through Tuesday's close.Meanwhile, PDD, the owner of the Pinduoduo and Temu retail platforms, is wowing investors with its strong revenue growth, especially in the U.S. and other international markets.PDD's ADRs were down 0.5% in premarket trading, having risen 18% on Tuesday following its third-quarter earnings. Its American depositary receipts were up 70% this year through Tuesday's close.The feeling of divergence between the two Chinese e-commerce giants was reinforced by a post by Alibaba fou
The Federal Reserve remained on hold for the sixth time, continuing to maintain interest rates at 5.25-5.50%, while also rejecting the possibility of further interest rate increases. Nonetheless, with inflation data still higher than expected, a high interest rate environment is likely to remain in place for some time to come. Global stock markets have experienced a violent rebound, especially Hong Kong stocks, which have surged by about 20% from the bottom in January this year, finally ushering in a long-lost bull market. U.S. stocks, which had technically turned negative before, also rebounded dramatically to levels before falling. Today, let's look I to the technical charts of a few famous Chinese stocks. BABA BABA daily chart Double bullish sign for Baba stock! Firstly, the share
What a great week for listed Chinese EV shares last week. Most of them experienced significant gain in their share prices over the week. The biggest winner belongs to Nio! NIO Nio is a Chinese EV maker that sells a wide range of sedans and SUVs. It differentiates itself from the competition with its swappable batteries, which can be quickly replaced with fully charged ones across its network of swapping stations. Nio delivered 15,620 vehicles in April, a 134.6% year-over-year increase. Nio's strong performance may be related to the price adjustment and promotions of its battery rental service. The strategy has allowed Nio to deal with the price war without having to lower its vehicle prices. Nio daily chart Great prediction and analysis last week. Nio continued to trend higher after break
Carried by the EV leaders and bullish investment sentiment in Hong Kong and China markets, the famous Chinese EV trio rebounded strongly during Friday's trading session. Let's look into the technical analysis and prediction for these stocks movement next week. Chinese EV Trio - Nio Xpeng Li Nio announced on Thursday that it entered into strategic cooperation with Lotus Technology on charging and swapping. The announcement was made at the 2024 Beijing International Automotive Exhibition. The two companies plan to carry out comprehensive and in-depth strategic cooperation in areas related to charging and swapping, including battery standards, charging and swapping technologies, battery asset management and operations, service network construction and operations, vehicle R&D and customiza
Chinese stocks are now looking to recoup some US$10 trillion of losses from the last three years, with valuations hovering near a decade-low. The MSCI China Index tracking more than 700 companies traded at home and abroad has rebounded 12 per cent from a January low, ranking it among the best performers among major global peers during that period. Foreign investors' appetite for Chinese stocks continues to recover as they become less pessimistic about the prospects of a recovery. Meanwhile, geopolitical conflicts will also continue to drive global investors to diversify or leave China and to fear being discriminated against globally for being friendly to the country. That means China will continue to face difficulties attracting investment. Let's look into a few Chinese ADRs and see h
China 🇨🇳 strengthens stock market trading - Good or Bad News?
Another big news for China market, again and again after every rally. [Surprised] [Surprised] [Surprised] China's Cabinet vowed to tighten stock listing criteria and urged companies to improve corporate governance in new guidelines released on Friday, the latest effort to support the nation's equity market. According to the statement, the State Council will ensure“high quality development”of listed companies, crack down on illegal share sales and strengthen the supervision of dividend payouts. It will also promote the entry of medium- to long-term funds into the market.The measures come as the equity market has struggled to extend a nascent rebound, with the CSI 300 Index falling for the seventh session on Friday.Personally, I think such measure w
I wonder how many investors are still having their hopes with Chinese stocks, which has been undervalued for the past years without an obvious trend reversal until today. China's Shanghai Shenzhen CSI 300 and Shanghai Composite indexes slid 1.6% each on Friday, and were among the worst performers in Asia. Losses in technology and mainland stocks dragged Hong Kong's Hang Seng index down nearly 3%. Chinese technology stocks were battered by fears of more U.S. sanctions, after a top Commerce Department official suggested that SMIC- the country's biggest chipmaker- may have violated U.S. trade law in making a processor for a flagship Huawei phone. Sentiment towards China was also rattled by reports of a new U.S. bill that will limit investment in Chinese stocks by U.S. mutual fund f
As we can observe this week, it will be a big event for Chinese stocks as most of the major or hot companies are going to release their earnings this week! It's hard to guess or predict the trend after earnings but we can analyse from the view of technical trend. Without doubt, Chinese stocks showed strength in rebound for the past few weeks, indicating a trend reversal for most of the stocks after being downtrended for the past 2-3 years. Let's start with the two EV makers, Xpeng and Xiaomi in which the latter is a new joined player in the EV market. Xpeng Xpeng is one of the famous Chinese Trio. The company stock starts to rebound since early February. As we can observe from the chart below, drawn in blue line, an obvious uptrend is formed and valid until now. An uptrend
Hong Kong stocks rose, starting the week on a firm note, after an official report over the weekend spurred optimism that consumer demand was improving in the world's second largest economy, with positive investor flows also boosting sentiment. The Hang Seng Index advanced over 1% this morning. The Hang Seng Tech Index gained over 2% today. Economists largely attributed the gain in consumer inflation to seasonality, in which the Lunar New Year fell in February in 2024 against in January a year earlier. The recovery in consumer prices is a welcome sign of improved domestic demand. However, we are not yet out of the woods with trade still facing uncertainty and the property drag ongoing, which means policymakers will need to keep a proactive stance. For such, I am optimistic for Chinese ADRs
Mark PDD on your calendars? TEMU is Spending Aggressively & Losing Money
Heeeeads UP! $Pinduoduo Inc.(PDD)$ will release earnings on November 28. This could be the most surprising Chinese ER of the season. $Alibaba(BABA)$ , $JD.com(JD)$ and others easily beat the downbeat estimates. Most CN investors expected that. $Pinduoduo Inc.(PDD)$ faces accusations that TEMU is spending aggressively and losing money. Temu, PDD's overseas e-commerce platform, aims for a 2024 gross merchandise value of $30B-double its 2023 forecast. To achieve this, Temu plans to spend $2-3B on marketing and increase its online ad budget significantly.Read more:
This is kinda of bullshit news, there so much thing counterfeit selling in all platform. No one cares abt this small toys
Alibaba Must Face Lawsuit in US Over Counterfeit Squishmallows
A U.S. judge on Wednesday rejected Alibaba's bid to dismiss a lawsuit over the alleged sale by various merchants of counterfeit versions of the popular children's toy Squishmallows on its online platf
Is SHEIN worth $90B ? And worth half of PDD and even more ridiculously worth half of BABA? Think about it and how is this not an overcrowded traded stock. While baba is being shorted down like a cheap stock, if this is not manipulated then what is it? just a matter of time when the band snaps and it bounce like a rocket to the moon. $Alibaba(BABA)$ $Pinduoduo Inc.(PDD)$
Temu Takes Shein To Court: What Does This Mean for US Fashion Retail?
PDD Holdings Inc-owned Temu has filed a lawsuit against Shein, afast-fashion rival, in the U.S. District Court for the District of Columbia, alleging intensified anti-competitive practices.This legal action reignites a previous conflict between the two companies, each having withdrawn earlier lawsuits against the other.Temu, operated byWhaleco Inc, accuses Shein of implementing a "desperate plan" to undercut its business.This includes issuing copyright takedown notices, enforcing exclusive agreements with fashion suppliers, and exerting pressure on Temu merchants, Bloombergreports.Also Read:Temu vs. Dollar Stores: Is Alibaba's Competitor Rewriting the Rules of American Retail?The lawsuit details how Shein allegedly coerced Chinese suppliers who listed their products on both platforms, forcing them to surrender phone passwords and transaction records related to Temu.Temu contends that Shein's anti-competitive behavior has become increasingly aggressive, necessitating this lawsuit.Shein,
China Has A New E-Commerce Top Dog As Global Gains Lift PDD Past Alibaba
PDD Holdings Inc. has surpassed Alibaba in terms of valuation, becoming the new top e-commerce player in China with a value of $186 billion.PDD's success is attributed to its focus on bargains and its
If you know the pain, it can be easily rectified. There are quite many others who are exuberating without knowing the pain exists is a real cause for concern
Alibaba Stock Drops. A Rival's Success Might Act as a Call for Action
When things are going badly for you, the last thing you want to hear is a neighbor talking about how well they're doing. That's roughly the situation Alibaba finds itself in with respect to Chinese internet peer PDD Holdings.Alibaba is struggling to reassure investors about its strategy after dramatically abandoning a plan to spin off its cloud unit, apparently hit by U.S. controls on chip exports.Alibaba ADRs were down 2.6% at $74.74 in premarket trading Wednesday, having fallen 13% this year through Tuesday's close.Meanwhile, PDD, the owner of the Pinduoduo and Temu retail platforms, is wowing investors with its strong revenue growth, especially in the U.S. and other international markets.PDD's ADRs were down 0.5% in premarket trading, having risen 18% on Tuesday following its third-quarter earnings. Its American depositary receipts were up 70% this year through Tuesday's close.The feeling of divergence between the two Chinese e-commerce giants was reinforced by a post by Alibaba fou