Hong Kong typhoon rips internet shorts to shreds as Alibaba and JD.com rise

Hong Kong typhoon rips internet shorts to shreds as Alibaba and JD.com rise

China last night CraneShares New keys Asian stocks had a good day, with Hong Kong having a fantastic day despite the morning session from 9:30 a.m. to 12 p.m. followed by an hour-long lunch break before the start of afternoon trading at 1 p.m. , canceled due to a typhoon. Hong Kong-listed internet stocks soared, … Read more

Alibaba beats as Hong Kong’s internet rebounds and defense stocks tumble

Alibaba beats as Hong Kong’s internet rebounds and defense stocks tumble

China last night CraneShares Overview of Alibaba Q2 results Alibaba beat the big three numbers investors and analysts care about: revenue, adjusted net income and adjusted EPS. YES, year after year these numbers are down by percentage, BUT we knew it! The Zero covid/lives first policy had a significant effect on consumption in China, as … Read more

Hong Kong Internet High ahead of Alibaba results as Caixin services PMI beats expectations

Hong Kong Internet High ahead of Alibaba results as Caixin services PMI beats expectations

China last night CraneShares New keys Asian equities had a positive day on light summer volumes, with the exception of mainland China. Pelosi’s visit to Taiwan did not trigger World War III as some had feared. Aircraft tracking website FlightAware noted that Pelosi’s flight was the most-watched plane landing ever on their website and app. … Read more

Hong Kong internet stocks rally on Didi follow-up and HFCAA window potentially not getting shorter

Hong Kong internet stocks rally on Didi follow-up and HFCAA window potentially not getting shorter

China last night KraneActions New keys Asian equities posted a strong overnight performance although we should temper our enthusiasm slightly as volumes were light. Hong Kong internet stocks had a strong night after yesterday’s Didi news, which should put its regulatory oversight behind the company and allow the company to fully resume operations. For the … Read more

Hong Kong internet stocks rally on Didi follow-up and HFCAA window potentially not getting shorter

Hong Kong internet stocks rally on Didi follow-up and HFCAA window potentially not getting shorter

China last night KraneActions New keys Asian equities posted a strong overnight performance although we should temper our enthusiasm slightly as volumes were light. Hong Kong internet stocks had a strong night after yesterday’s Didi news, which should put its regulatory oversight behind the company and allow the company to fully resume operations. For the … Read more

Solar stocks shine as new video game approval lifts Hong Kong internet stocks

Solar stocks shine as new video game approval lifts Hong Kong internet stocks

China last night KraneActions New keys Asian stocks were mixed as Taiwan had a strong day, the Philippines underperformed and Thailand had a holiday for Asarnha Bucha Day, which Google says is a Theravada Buddhist festival. June trade was released towards the close of markets, with exports beating expectations while imports were a little light. … Read more

Alleged Chinese police database hack leaks billion-dollar data

Alleged Chinese police database hack leaks billion-dollar data

HONG KONG– Hackers claim to have obtained a trove of data on 1 billion Chinese people from a Shanghai police database in a leak that, if confirmed, could be one of the world’s biggest data breaches. ‘story. In a post on online hacking forum Breach Forums last week, someone using the handle “ChinaDan” offered to … Read more

Alleged Chinese police database hack leaks billion-dollar data

Alleged Chinese police database hack leaks billion-dollar data

HONG KONG– Hackers claim to have obtained a trove of data on 1 billion Chinese people from a Shanghai police database in a leak that, if confirmed, could be one of the world’s biggest data breaches ‘story. In a post on online hacking forum Breach Forums last week, someone using the handle “ChinaDan” offered to … Read more

Asian stocks suffer a painful quarter, the dollar in poor health

Asian stocks suffer a painful quarter, the dollar in poor health

Men wearing protective face masks amid the coronavirus disease (COVID-19) outbreak use mobile phones in front of an electronic board displaying Japan’s Nikkei Index outside a brokerage in Tokyo, Japan, June 16, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register Asian scholarships: Nikkei skids 1.5%, Wall St futures fall 0.4% Japanese … Read more

Dutch Treat For JD, Hong Kong Internet Earnings

Dutch Treat For JD, Hong Kong Internet Earnings

China last night KraneActions New keys Asian investors have not forgotten Fed Chairman Powell’s less aggressive comments on interest rate hikes on Friday as equities got off to a good start to the week, with the exception of Indonesia. Hong Kong and mainland China were lifted by growth sectors, especially Hong Kong-listed internet stocks, with … Read more