What’s Going On With Chinese E-Commerce Stocks Alibaba, PDD And More On Thursday? Amazon.Com Inc (NASDAQ:AMZN) is set to launch a new section on its website dedicated to affordable fashion and lifestyle items, enabling Chinese sellers to ship directly to U.S. consumers. The storefront marks Amazon’s boldest move yet to counter rising competition from e-commerce […]
Colin Huang Zheng, the 44-year-old founder of PDD Holdings, and Zhang Yiming, the 41-year-old founder of ByteDance, are the richest tech entrepreneurs in China, according to a list published by Chinese magazine New Fortune on Wednesday. Huang, whose wealth is largely derived from the popularity of budget e-commerce platforms Pinduoduo and Temu, has a personal […]
China stocks are rebounding again, amid signs that the economy is picking up. Tesla (TSLA) rival BYD (BYDDF), e-commerce giant PDD Holdings (PDD), Trip.com (TCOM), specialty retailer Miniso (MNSO) and messaging and gaming giant Tencent (TCEHY) are five stocks to watch. X Investors should pay attention to many other Chinese stocks, including e-commerce titan Alibaba (BABA), JD.com […]
(Bloomberg) — Shares of Temu parent PDD Holdings Inc. are being held back by geopolitical risks and fierce competition in China’s e-commerce sector. Most Read from Bloomberg Granted, it US-listed stock has surged 43% surge from a March low, but it’s still trading at just 13 times expected earnings for the next year. That’s half […]
Temu burst onto the American shopping scene with a 2023 Super Bowl ad promising ultralow prices that let users “shop like a billionaire” on its website. It fired off another round of pricey ads at this year’s Super Bowl, doubling down on the marketing blitz. Now some Amazon stock watchers are debating the unthinkable: Whether […]
Shares of Chinese stocks, including Tencent (OTC: TCEHY), PDD Holdings (NASDAQ: PDD), and JD.com (NASDAQ: JD), rallied to start the week, up 5.4%, 9.5%, and 5.8%, respectively, as of 3:50 p.m. ET Monday. The synchronous rise in Chinese stocks followed a favorable regulatory development for private Chinese companies and stocks. In addition, Tencent announced the […]
Chinese stocks fell again today as negative economic news weighed on the sector. This time, China’s exports fell more than expected in March, hammering hopes for a recovery in the world’s No. 2 economy. Exports are a significant part of the Chinese economy, accounting for roughly 19% of its overall gross domestic product (GDP). They […]
U.S.-listed PDD stock jumped in early Wednesday trading after Temu parent company PDD Holdings (PDD) reported fourth-quarter earnings that easily topped expectations.
Shares of Chinese stocks were rallying today after an annual parliamentary meeting came to a close and China posted some promising economic data. Beijing also announced another round of support for the economy, which investors hope will revive struggling Chinese stocks. Investors seemed encouraged by an improvement in the consumer price index, which was up […]
China’s Alibaba is pledging to inject new energy into its e-commerce department as it tries to hold off new e-commerce entrants like Temu-owner PDD Holdings and TikTok-owner ByteDance. On Wednesday, Alibaba reported underwhelming results for the last quarter of 2023, sending its U.S.-listed shares down by 5.9% despite a $25 billion share buyback program. Revenue […]
Chinese stocks were surging broadly today on signs that Beijing was taking steps to support the stock market following a brutal decline over the last three years. This morning, reports that China’s sovereign wealth fund would pump cash into the stock market had investors feeling suddenly bullish about Chinese stocks. China’s own stock market indexes […]
China stocks got hit hard last month as a combination of weak economic data, interventions by the Chinese government against selling stocks, and ongoing regulatory concerns pushed the sector down broadly. Among the losers were JD.com (NASDAQ: JD), PDD Holdings (NASDAQ: PDD), and Baidu (NASDAQ: BIDU), which finished the month down 22%, 13.3%, and 11.6%, […]