Alibaba Group Holding Ltd

Hong Kong shares jump 2% in mixed Asian session, Softbank shares fall 11%

Hong Kong shares jump 2% in mixed Asian session, Softbank shares fall 11%

CNBC Pro: UBS says disinflation is on its way — and shares 8 global stocks to play it Swiss bank UBS has predicted “strong” disinflation in 2023. He said weak growth coupled with ‘mechanical’ indicators, such as easing supply chain bottlenecks and rising commodity inventories, would lead to lower prices next year. . The investment …

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ByteDance and Pinduoduo launch overseas e-commerce sites to challenge Amazon

ByteDance and Pinduoduo launch overseas e-commerce sites to challenge Amazon

TikTok owner ByteDance launched a women’s fashion website called If Yooou. Pinduoduo launched an e-commerce site in the United States called Temu. The two companies are the latest Chinese tech giants looking to break into the international e-commerce market dominated by Amazon. Mike Kemp | In pictures | Getty Images Pinduo-duo and TikTok owner ByteDance …

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Chinese stocks are 'cheap' after sharp declines, fund manager says in naming 3 stocks

Chinese stocks are ‘cheap’ after sharp declines, fund manager says in naming 3 stocks

Chinese stock markets have recently been unpopular with investors. This week has started with a fresh wave of sales, with Chinese tech giants Alibaba and Tencent losing more than 11% on Monday alone. But the fact that the MSCI China index is down more than 50% since the start of 2021 means it is an …

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