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Cathie Wood buys back into Alibaba as stock hits multiyear hig

Cathie Wood buys back into Alibaba as stock hits multiyear hig

Cathie Wood just jumped back into Alibaba after four years of silence, right as the stock exploded to its highest point since late 2021. On Monday,...
Here’s why the Baidu stock price is soaring in Hong Kong

Here’s why the Baidu stock price is soaring in Hong Kong

Baidu stock price surged in Hong Kong on Wednesday, reaching its highest level since September 2023 as investors cheered its semiconductor investme...
Alibaba's amap is launching an AI-powered “Street Stars” feature

Alibaba's amap is launching an AI-powered “Street Stars” feature

Alibaba’s Amap is moving beyond basic navigation and into Meituan’s territory. It now ranks restaurants, hotels, and tourist spots in the app to he...
Local price wars eat into Chinese e-commerce giants' profits

Local price wars eat into Chinese e-commerce giants' profits

China’s biggest internet platforms are embroiled in a costly fight to dominate the “instant retail” market, the rapidly expanding business of getti...
What next for the Scottish Mortgage share price as SMT retreats?

What next for the Scottish Mortgage share price as SMT retreats?

Scottish Mortgage stock price has surged in the past few months as technology companies have rebounded. It rose from a low of 776p in April to a hi...
Temu resumes direct China to US shipping after tariff truce

Temu resumes direct China to US shipping after tariff truce

Temu restarts direct China-to-US shipping after the trade truce eases tariff pressures on low-cost imports.
Bank of America’s June survey shows global investors favor international stocks over U.S. assets for the next five years

Bank of America’s June survey shows global investors favor international stocks over U.S. assets for the next five years

International stocks have officially taken the lead in global investor strategy for the next half decade, with the United States falling behind. Th...
Hedge funds revealed their top investment ideas, from Chinese self-driving taxis to an Indian drug retailer

Hedge funds revealed their top investment ideas, from Chinese self-driving taxis to an Indian drug retailer

Hedge funds revealed their top investment ideas, from Chinese self-driving taxis to an Indian drug retailer, at the annual Sohn Hong Kong.
Temu’s Q1 net profit fell by 47% to $2.46 billion amid US-China tariff war

Temu’s Q1 net profit fell by 47% to $2.46 billion amid US-China tariff war

Temu’s Q1 net profit fell by 47% to $2.46 billion, and the platform had the slowest revenue growth since Q1 2022.
Chinese e-commerce platforms adjust return policy under economic pressure

Chinese e-commerce platforms adjust return policy under economic pressure

In a move seen as an intervention, the Chinese government has ended the enforcement of customer refunds by Chinese e-commerce operators. Moving for...