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HK Open: HSI Surges 502 Pts, Led by Techs & Autos; BABA Jumps Almost 6%

At open, the HSI shot up 502 pts or 2.4% to 21,295; the HSCEI hiked 174 pts or 2.5% to…

HKD925.1M Southbound Trading Net Inflow to CHINA MOBILE

There was HKD925.1 million, HKD803.3 million and HKD590.4 million Southbound Trading net inflow to CHINA MOBILE (00941.HK), KUAISHOU-W (01024.HK) and…

Short Selling Turnover $23.2B, or 17.1% of Eligible Securities Turnover at Close

The short selling turnover of HK market at close amounted to $23.2 billion, or 17.1% of the turnover of securities…

Full-day Takeaway: HSI Up 647 pts; HSTI Up 193 pts; BABA Up over 8%; PING AN Up over 5%; TENCENT Up over 4%; TME, LUK FOOK HOLD, KEYMED BIO-B, MGM CHINA, BAIRONG-W Hit New Highs; Market Turnover Rises

At close, HSI rose 647 pts or 3.2% to 20,793. HSTI rose 193 pts or 4.6% to 4,427. HSCEI gained…

Short Selling Turnover $9.8B, or 15.5% of Eligible Securities Turnover at Midday

The short selling turnover of HK market at midday amounted to $9.8 billion, or 15.5% of the turnover of securities…

Midday Takeaway: HSI Up 462 pts; HSTI Up 143 pts; BABA Up over 8%; MEITUAN Up over 4%; TENCENT Up over 3%; CHINA UNICOM, KEYMED BIO-B, LUK FOOK HOLD, TME, BAIRONG-W Hit New Highs

At midday close, HSI rose 462 pts or 2.3% to 20,608. HSTI rose 143 pts or 3.4% to 4,376. HSCEI…

TENCENT Purportedly Applies to Register Trademarks Incl. WeChat Iris Payment

Tencent Technology (Shenzhen) recently applied to register multiple trademarks, including "'WeChat Iris Payment", "'WeChat Iris" and "'WeChat Iris Recognition", under…

Hong Kong stocks extend New Year rally as China pledges fiscal boost to virus-hit economy

Stocks chalk up further gains in the new year with traders encouraged by China’s pledge to shore up its virus-hit…

HKD1.6B Southbound Trading Net Inflow to TENCENT

There was HKD1.6 billion, HKD518.4 million and HKD131.5 million Southbound Trading net inflow to TENCENT (00700.HK), CHINA MOBILE (00941.HK) and…

TENCENT Buys back 978K Shrs for $330M

TENCENT (00700.HK) announced that it repurchased 978,200 shares of the company on the Stock Exchange today (3rd), at $329-344 per…

Full-day Takeaway: HSI Up 363 pts; HSTI Up 104 pts; TENCENT Up over 3%; CHINA UNICOM, SHK PPT, MGM CHINA, AKESO, HYGEIA HEALTH Hit New Highs; Market Turnover Rises

At close, HSI rose 363 pts or 1.8% to 20,145. HSTI rose 104 pts or 2.5% to 4,233. HSCEI gained…

Midday Takeaway: HSI Up 258 pts; HSTI Up 62 pts; LI AUTO Up over 9%; CHINA UNICOM, SANDS CHINA LTD, SHK PPT, MGM CHINA, AKESO Hit New Highs

At midday close, HSI rose 258 pts or 1.3% to 20,040. HSTI rose 62 pts or 1.5% to 4,190. HSCEI…

HK Open: HSI Dives 210 Pts; Techs, Financials, CN Developers Slide

At open, the HSI slipped 210 pts or 1.1% to 19,570; the HSCEI sank 80 pts or 1.2% to 6,624;…

China gaming crackdown: 2023 to be better than last year for Tencent and NetEase as Beijing eases game licensing restrictions

End of year licence approvals has stirred optimism in some quarters that China’s video game industry will stage a comeback…

China nimmt zwei in den USA notierte Online-Broker ins Visier

HONGKONG (IT-Times) - Während sich Aktien von Internetkonzernen wie Alibaba, Baidu und Tencent Holdings von ihren Tiefstständen erholen konnten, hat…

Alibaba, Tencent lay-offs burst property bubbles in headquarters cities of Hangzhou, Shenzhen, sending prices plunging

A wave of job cuts has sent the home market reeling in neighbourhoods where waves of tech professionals – flush…

China Big Tech in 2023: Tencent expected to bounce back as economy stabilises after downsizing, job-cutting and refocusing

After multiple rounds of cost-cutting, many analysts say the worst may be over for the Shenzhen-based giant....…

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