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SoftBank gets first ‘sell’ rating in four years
TOKYO: SoftBank Group Corp got the equivalent of a “sell” rating for the first time in more than four years after a surge in its shares pushed them beyond the price target for many analysts.
U.S.-listed Chinese firms trade mostly higher
NEW YORK, Jan. 20 (Xinhua) -- U.S.-listed Chinese companies traded mostly higher on Wednesday with six of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
Analysis: Jack Ma's reappearance fails to soothe all investor concerns
NEW YORK/BOSTON (Reuters): Jack Ma's 50-second video reappearance may have buoyed Alibaba Group's shares, yet it has done little to resolve the Chinese e-commerce giant's troubled relationship with regulators that is making some investors hesitate about owning its stock.
China plans online payment rules that may hit Ant, Tencent
China proposed measures to curb market concentration in its online payment market, potentially dealing another blow to financial technology giant Ant Group Co and Tencent Holdings Ltd.
Jack Ma’s video chat prompts a US$58bil sigh of relief
For investors who’d been waiting months to catch a glimpse of Jack Ma, the entrepreneur’s participation in a livestreamed video conference on Wednesday was enough to trigger a US$58bil (RM233.76bil) sigh of relief. That’s how much Alibaba Group Holding Ltd’s market value soared after a clip of Ma speaking to a group of teachers began circulating online – his first public comments since disappearing from view late last year.
Tencent’s US$232b rally triggers frenzy in shares, options
HONG KONG: Hong Kong’s equity traders can’t get enough of Tencent Holdings Ltd., the $930 billion giant that’s on pace for its biggest ever monthly gain.
Tencent shares drop after nearing US$1 trillion valuation
HONG KONG: Tencent Holdings Ltd. fell Tuesday, after a world-beating surge in the stock pushed its market value to the cusp of $1 trillion for the first time.
College dropout becomes billionaire with Chinese gaming platform
When China’s two big mobile powers clashed publicly on New Year’s Eve, the stock of a little-known gaming company surged the most ever, minting a new billionaire in 38-year-old maverick entrepreneur Huang Yimeng.
U.S.-listed Chinese firms trade mostly lower
NEW YORK, Jan. 26 (Xinhua) -- U.S.-listed Chinese companies traded mostly lower on Tuesday with six of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
Pony Ma is now China’s second-richest man as Tencent nears trillion-dollar club
Pony Ma overtakes Pinduoduo’s Colin Huang and Alibaba’s Jack Ma as the second-wealthiest person in China with a net worth of US$75bil. Tencent edged closer to joining the exclusive US$1 trillion club after Monday stock surge.
