Newsfeeds - Spark Newswire

2 minute read

Alibaba Drops 2%, Nio Leads EV Crash With 7.5% Plunge: Is Snap Fallout Behind Hang Seng Bloodbath?

Today, 6:50 PM

Hong Kong’s benchmark Hang Seng Index opened in the red on Monday following a weaker close on Wall Street on Friday, which was dominated by a plunge in social media stocks. The Hang Seng fell 0.6% in opening trade ahead of the crucial U.S. Federal Reserve meeting later this week that could potentially see a 75 bps rate hike.

BABA

5 minute read

Qudian Finds New Business Model in Buying Back Shares

By The Bamboo Works

Today, 6:50 PM

Key Takeaways: Qudian has announced a $200 million share buyback plan, extending a recent series of buying of its own stock Aggressive share purchasing comes as Qudian dramatically scales back its original consumer lending business and searches for a new business model By Doug Young

FINV

19 minute read

Earnings Scheduled For May 3, 2022

By Benzinga Insights

Today, 6:50 PM

Companies Reporting Before The Bell • Kiniksa Pharmaceuticals (NASDAQ:KNSA) is projected to report earnings for its first quarter.

ABNB

1 minute read

General
News

Yum China Launches KFC Green Pioneer Stores In Hangzhou & Beijing

By Shivani Kumaresan

Today, 6:50 PM

Yum China Holdings Inc (NYSE:YUMC) has launched quick-service restaurant brand KFC’s first Green Pioneer Stores in Hangzhou and Beijing. The move…

YUMC

2 minute read

EV Maker Li Auto Among 17 New Chinese Firms Facing Risk Of Getting Delisted In US

By Rachit Vats

Today, 6:50 PM

Li Auto Inc (NASDAQ: LI) is among 17 new U.S.-listed Chinese companies added to the U.S. Securities and Exchange Commission’s Holding Foreign Companies Accountable Act (HFCAA) list.

5 minute read

Qudian Sees Food for Growth in Prepared Meals, Weighs Exit of Core Lending Business

By The Bamboo Works

Today, 6:50 PM

Key Takeaways • Qudian said it has started trial operations for QD Food, which sells ready-to-cook meal kits through a WeChat mini app • The move comes as company says it may wind down its original credit business due to challenging regulatory environment By Warren Yang

FINV

3 minute read

Are Investors Bullish On Chinese Stocks Again?

Today, 6:50 PM

A raft of regulations targeting a number of sectors — from technology to real estate and education — have hammered Chinese stocks late last year and into 2022, and although many economists remain bullish on Chinese stocks’ potential, Beijing’s relationship with the Kremlin is now weighing on investor appetite for Chinese shares.

BABA

5 minute read

Domino’s China Operator DPC Dash Delivers Hong Kong IPO

By The Bamboo Works

Today, 6:50 PM

Key takeaways: Domino’s China operator DPC Dash has filed for a Hong Kong IPO that could raise up to $100 million and value the company at around $500 million Company has cashed in on China’s recent shift to takeout dining, posting 18.7% same-store sales growth last year By Doug Young

DPZ

13 minute read

Stocks That Hit 52-Week Lows On Friday

By Benzinga Insights

Today, 6:50 PM

During Friday's session, 198 companies made new 52-week lows.

ACLX

1 minute read

Chinese Stocks Are Falling: What’s Going On?

By Adam Eckert

Today, 6:50 PM

Shares of multiple Chinese companies are trading lower Thursday following reports the U.S. Securities and Exchange Commision has identified multiple US-listed ADRs as having not adhered to the Holding Foreign Companies Accountable act (HFCAA).

ACMR