BABA May 2024 72.000 put
- South China Morning Post
Alibaba's Hong Kong-listed shares could be ready for mainland buyers via Stock Connect by September 9, Morgan Stanley says
Alibaba could join the Stock Connect cross-border trading mechanism as early as September 9, after its dual-primary shares listing in Hong Kong is completed, according to Morgan Stanley. The overall impact on the market is expected to be limited, however, after an initial influx of money from mainland investors, they said. Up to US$12 billion of investment from mainlanders is likely in the first six months after the e-commerce giant joins the Stock Connect scheme, which would bring their ownersh
- South China Morning Post
Alibaba shows strong momentum during 618 shopping festival, as chairman Joe Tsai eyes return to double-digit revenue growth
Alibaba Group Holding's sales campaign for this year's 618 shopping festival is seeing strong momentum, according to preliminary data from the firm's Taobao and Tmall platforms, helping boost the Chinese e-commerce giant's prospects of returning to double-digit revenue growth by 2027. About 185 brands - including major smartphone vendors Apple, Xiaomi and Huawei Technologies - have each achieved more than 100 million yuan (US$13.8 million) in gross merchandise value, while 37,000 other brands do
- South China Morning Post
New AI battle adopts old price war strategy as Chinese tech giants keep start-ups at bay behind the Great Firewall
In the 18 months since Microsoft-backed OpenAI launched ChatGPT, Chinese tech firms large and small have rallied around a singular goal - besting the San Francisco-based start-up with their own Chinese-language chatbots. The results have been mixed, with some tech giants claiming to have better results than GPT-4, OpenAI's most advanced model, with Chinese queries. But with a deluge of more than 200 Chinese large language models (LLMs) - the tech powering these chatbots - from a slew of companie
