Great News For Alibaba And Peers As HSBC Finds The Sector Promising
HSBC Holdings, plc (NYSE: HSBC) found the outlook of some Chinese industries, from the internet to property, has turned brighter as it had priced in much of the bad news.
There’s One Chinese Stock That Is Different From The Rest. Goldman Sachs Explores Why
Chinese tech stocks suffered a meltdown since many hit all-time highs in early 2021, with no significant improvement in 2022 compelling Goldman Sachs to at least take a new look at this sector,
Tencent Fails To Win Gaming License Since China Lifted Suspension; Although NetEase Makes A Breakthrough
China’s gaming regulator granted publishing licenses for 73 online games, including titles belonging to NetEase Inc (NASDAQ:NTES) and other developers, Reuters…
US Selects JD.com, Baidu, NetEase, Yum China After Alibaba For Audit Inspection
U.S. regulators have chosen e-commerce major JD.com, Inc (NASDAQ:J) and KFC operator Yum China Holdings, Inc (NYSE:YUMC), among other U.S.-listed Chinese companies,…
NetEase Acquires ‘Star Wars Eclipse’ Game Developer Quantic Dream, Marking First Studio In Europe
China-based internet and online game services provider NetEase Inc (NASDAQ: NTES) said its games division, NetEase Games, has acquired Quantic Dream S.A. The financial terms were not disclosed.
Citigroup Maintains Buy on NetEase, Raises Price Target to $140
Citigroup analyst Alicia Yap maintains NetEase (NASDAQ:NTES) with a Buy and raises the price target from $132 to $140.
Alibaba, Other Hong Kong Stocks Show Optimism In Early Trade Even As Analysts Downgrade China Growth Projections
Hong Kong’s Hang Seng index opened in the green on Friday, gaining 0.12% in opening trade, following a muted session on Wall Street. Investors also digested macro news from Japan where the headline inflation rose to 2.6% in July as compared to 2.4% in June.
NetEase Registers 13% Revenue Growth In Q2 Backed By Gaming Strength
NetEase, Inc (NASDAQ:NTES) reported second-quarter FY22 revenue growth of 12.8% year-on-year to $3.5 billion. Segments and margins: Games and related value-added services…
Earnings Scheduled For August 18, 2022
Companies Reporting Before The Bell
• Calliditas Therapeutics (NASDAQ:CALT) is expected to report quarterly loss at $1.00 per share on revenue of $7.50 million.
Ray Dalio’s Bridgewater Drops Alibaba, JD.com But Bulks Up On This Chinese Tech Stock
Bridgewater Associates, billionaire investor Ray Dalio's hedge fund, has wiped its portfolio clean of almost all Chinese stocks.