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China Internet

China Internet

8.43k followers20 symbols Watchlist by Motif Investing

Chinese internet companies grow their users bases and their ability to monetize them, could result in rapid revenue and earnings growth.

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  • Thomson Reuters StreetEvents

    Edited Transcript of VIPS earnings conference call or presentation 15-Aug-19 12:00pm GMT

    Q2 2019 Vipshop Holdings Ltd Earnings Call

  • Why General Electric, Gap, and JD.com Jumped Today
    Motley Fool

    Why General Electric, Gap, and JD.com Jumped Today

    On a positive day for the major benchmarks, these stocks did better than most.

  • Motley Fool

    Why You Should Invest In International Stocks

    Especially if you're an American investor, chances are good that you'd benefit from more international diversification.

  • What to Expect From Baidu's Second-Quarter Earnings Report
    Motley Fool

    What to Expect From Baidu's Second-Quarter Earnings Report

    Expectations are low as the company faces tough headwinds.

  • Thomson Reuters StreetEvents

    Edited Transcript of JD earnings conference call or presentation 13-Aug-19 11:30am GMT

    Q2 2019 JD.com Inc Earnings Call

  • USD/CAD Daily Forecast – Bulls Awaiting the Critical US July Housing Data
    FX Empire

    USD/CAD Daily Forecast – Bulls Awaiting the Critical US July Housing Data

    US July Housing Market data releases would remain as the critical point of interest for traders today. On the daily chart, the Loonie pair was heading to the south side, recalling the Death Cross of mid-July.

  • PMI Numbers Sink the Kiwi, with Trade War Chatter in Focus
    FX Empire

    PMI Numbers Sink the Kiwi, with Trade War Chatter in Focus

    With economic data on the lighter side in the day ahead, trade war chatter will continue to be the driving force…

  • What Downturn? Alibaba Reports Steady Results Amid Global Tumult
    Bloomberg

    What Downturn? Alibaba Reports Steady Results Amid Global Tumult

    (Bloomberg) -- Forget the world’s chaos for a moment. Alibaba Group Holding Ltd. is doing just fine.Despite a trade war, the slowing domestic economy and brutally aggressive competition, China’s largest technology company reported revenue and profit numbers that handily beat analyst estimates. Revenue rose a blazing 42%, while net income more than doubled. Shares popped 3% in U.S. trading.Insulated because of its predominantly domestic business, Alibaba is benefiting from a demographic shift to internet shopping. Chinese online sales accelerated in the June quarter, helped by sales promotions that unfolded across the country’s largest e-commerce platforms. Alibaba’s report dropped just as the risks of a recession spike, U.S.-China trade tensions ratchet up yet again and archrival Tencent Holdings Ltd. warns of a tough economic outlook.“It’s surprising how resilient Alibaba is,” said Michael Norris, a Shanghai-based research and strategy analyst at consultancy AgencyChina. “There’s a big disconnect between Wall Street, which has really given a beating to Alibaba’s shares, and people on the ground.”Revenue rose 42% to 114.9 billion yuan ($16.3 billion) in the three months ended June, while net income also came in ahead of expectations at 24.4 billion yuan. That was helped by more than 4.3 billion yuan of pretax profit from Ant Financial, the payments-to-lending affiliate controlled by billionaire Jack Ma.“Despite the macro environment not being as good as last year, Alibaba has launched a lot of new initiatives and the personalized product feed is helping maintain its growth rate,” said Steven Zhu, an analyst with Pacific Epoch. “Its live-streaming services and collaboration with international brands are helping.”The economic slowdown is eroding parts of the company’s sprawling empire of e-commerce, retail stores, delivery services and more. Revenue in its digital media and entertainment segment inched up just 6%, despite streaming service Youku enlarging its average daily subscribers by 40%. Growth in its cloud computing division, which commands half the country’s market share, slowed to a still-respectable 66%.Small and mid-sized enterprises may be leery of spending on ads -- Alibaba’s biggest source of income -- given the current environment. That prompted Chief Financial Officer Maggie Wu to tell analysts Alibaba is in no rush to monetize its new shopping recommendation feeds.Longer term, investors have raised flags about the impact on margins of Alibaba’s enormous spending on so-called new retail -- its effort to use technology to overhaul physical retailers -- and deepen its footprint in lower-tier cities and rural areas. Alibaba said it will continue to invest in those initiatives, as well as on-demand services like food delivery unit Ele.me, which is fighting a fierce, money-losing battle with giant Meituan.Alibaba is approaching a critical juncture just as Chief Executive Officer Daniel Zhang prepares to replace billionaire co-founder Ma as chairman in September. A U.S. campaign of tariffs and other curbs is heightening uncertainty around the world’s second-largest economy, while the emergence of rivals at home such as Pinduoduo Inc. tests its longstanding dominance of Chinese online retail.The e-commerce titan may be on the look-out for assets to bolster its lead. Alibaba is in talks to pay $2 billion for NetEase Inc.’s Kaola, which specializes in selling foreign goods to Chinese consumers, local media outlet Caixin reported.The company is also hatching plans to raise more capital. Alibaba’s quarterly performance bolsters its ambition of pulling off what could be Hong Kong’s biggest share sale since 2010. The company is said to have already filed confidentially for a stock listing, but it’s unclear when it might go ahead with the float given the widespread protests that have gripped Hong Kong over the past 11 weeks. Executives made no mention of the issue during their conference call.Overall, adjusted earnings per share came to 12.55 yuan versus the 10.3 yuan projected. Net cash slipped 4% in the quarter, depressed by a $250 million cash settlement reached last quarter on a U.S. federal class action lawsuit.The “key standout for us is that Alibaba’s China commerce business grew 40%, close to twice the rate of the China online retail industry,” said Neil Campling at Mirabaud Securities. “The scale benefits are paying off and Alibaba is enjoying both active consumer growth momentum and higher average spend.”\--With assistance from Zheping Huang and Sheryl Tian Tong Lee.To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Baidu Inc. (BIDU) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Baidu Inc. (BIDU) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Baidu Inc. (BIDU) closed at $94.35, marking a -0.53% move from the previous day.

  • Baozun Inc. (BZUN) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Baozun Inc. (BZUN) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Baozun Inc. (BZUN) closed at $45.33, marking a +1.23% move from the previous day.

  • Vipshop Holdings Limited (VIPS) Q2 2019 Earnings Call Transcript
    Motley Fool

    Vipshop Holdings Limited (VIPS) Q2 2019 Earnings Call Transcript

    VIPS earnings call for the period ending June 30, 2019.

  • Vipshop Stock Is Finally Bouncing Back
    Motley Fool

    Vipshop Stock Is Finally Bouncing Back

    After 11 quarters of decelerating revenue growth the Chinese online apparel discounter finally steps on the gas.

  • Why Vipshop Holdings Stock Soared Today
    Motley Fool

    Why Vipshop Holdings Stock Soared Today

    The Chinese online discount retailer beat earnings expectations in the second quarter.

  • What You Must Know About Vipshop Holdings Limited's (NYSE:VIPS) Beta Value
    Simply Wall St.

    What You Must Know About Vipshop Holdings Limited's (NYSE:VIPS) Beta Value

    Anyone researching Vipshop Holdings Limited (NYSE:VIPS) might want to consider the historical volatility of the share...

  • 4 Stocks Too Cheap to Ignore After Wednesday's Sell-Off
    Motley Fool

    4 Stocks Too Cheap to Ignore After Wednesday's Sell-Off

    A lot of stocks hitting new 52-week lows today may not stay out of favor for long.

  • 58.com Inc. (NYSE:WUBA): Will The Growth Last?
    Simply Wall St.

    58.com Inc. (NYSE:WUBA): Will The Growth Last?

    Based on 58.com Inc.'s (NYSE:WUBA) earnings update in March 2019, the consensus outlook from analysts appear somewhat...

  • Zacks Industry Outlook Highlights: Asure Software, GrubHub, GoDaddy and Vipshop
    Zacks

    Zacks Industry Outlook Highlights: Asure Software, GrubHub, GoDaddy and Vipshop

    Zacks Industry Outlook Highlights: Asure Software, GrubHub, GoDaddy and Vipshop

  • What's in the Cards for iQIYI (IQ) This Earnings Season?
    Zacks

    What's in the Cards for iQIYI (IQ) This Earnings Season?

    iQIYI's (IQ) second-quarter 2019 results are expected to benefit from solid content slate, expanding original content portfolio and partnerships.

  • Bloomberg

    Baidu’s $66 Billion Dive Knocks It Out of China’s Top 5 Internet Companies

    (Bloomberg) -- Baidu Inc. has dropped off the list of China’s five most valuable internet companies, underscoring the challenges facing the search giant from a weakening economy to intensifying competition.NetEase Inc., China’s second-largest gaming house, has overtaken Baidu in market value after posting better-than-expected quarterly earnings last week. Shares of NetEase have gained 11% this year, while Baidu’s plunged 40%. The latter company, once touted as a member of China’s internet triumvirate alongside Alibaba Group Holding Ltd. and Tencent Holdings Ltd., has bled $66 billion of capitalization since its peak in May 2018 -- the equivalent of one Morgan Stanley.Baidu has struggled to fend off competition from the likes of Tencent and ByteDance Inc., both of which are luring smartphone-savvy consumers and advertisers to their popular mini-video and social media apps.The company enjoyed a near-monopoly in Chinese internet search after Google departed the market in 2010 over government censorship. This week, ByteDance launched its own standalone search engine, posing a serious threat to the almost two-decades-old Baidu. The company was previously pushed out of the Top 3 in market value by e-commerce operator JD.com Inc. and food delivery service Meituan.Baidu, together with rivals Alibaba and Tencent, has long formed part of a trio of leading internet companies known by the acronym BAT. Now even that title seems under threat, with some dubbing ByteDance the new “B” in the group. Baidu in May posted its first quarterly loss since its 2005 stock market debut, after the Chinese economy slowed and rivals chipped away at its advertising sales.To contact the reporter on this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • U.S. Dollar Index Futures (DX) Technical Analysis – August 15, 2019 Forecast
    FX Empire

    U.S. Dollar Index Futures (DX) Technical Analysis – August 15, 2019 Forecast

    Based on the early price action, the direction of the index the rest of the session is likely to be determined by trader reaction to the short-term 50% level at 97.840.

  • USD/CAD Daily Forecast – Overbought RSI Playing its Role, Pleasing Bears
    FX Empire

    USD/CAD Daily Forecast – Overbought RSI Playing its Role, Pleasing Bears

    After taking a bounce off from the 2:1 Gann line earlier this month, the USD Index was underway to sustain a strong positive trend. Bulls appeared to stay in the lead on the daily chart.

  • JD.com's Accelerating Growth Could Crush the Bears
    Motley Fool

    JD.com's Accelerating Growth Could Crush the Bears

    The Chinese e-commerce giant defies expectations with a stunning earnings beat.

  • JD.com Swung to a Profit in the Second Quarter
    Motley Fool

    JD.com Swung to a Profit in the Second Quarter

    The Chinese online retailer and provider of e-commerce services also boosted top-line sales by 23% in constant currencies.