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Alibaba, JD.com take e-commerce battle to Hong Kong
Alibaba and JD.com Battle for Hong Kong Shoppers, Stocks Slide After Stimulus Rally
Chinese e-commerce juggernaut Alibaba Group Holding (NYSE:BABA) and rival JD.com, Inc (NASDAQ:JD) are aggressively fighting for market share in Hong Kong. The companies waived delivery fees for certain orders and boosted related services like local product returns in Hong Kong,
Alibaba, JD.com take e-commerce battle to Hong Kong as mainland China market matures
Both firms have increased investments in the city, waiving delivery fees for some orders and boosting services such as local product returns.
China Market Update: Hong Kong Rises As Alibaba Buys Back 2.1% Of Shares Outstanding In Q3
Mainland China remains closed for the week-long national holiday, Taiwan is closed for a typhoon, and India is closed for Mahatma Gandhi Jayanthi, celebrating the birth of Gandhi.
Hong Kong stocks tumble more than 3% after weeklong surge
HONG KONG: Hong Kong stocks sank more than three percent on profit-taking in Thursday’s morning session after rocketing more than 20 percent since China last week began unveiling a raft of economy-boosting stimulus measures. The Hang Seng Index sank 3.34 percent, or 749.39 points, to 21,694.34.
Alibaba, HKEX attract Chinese investors as inflows to Hong Kong stocks surge
Southbound investors bought HK$12.1 billion (US$1.6 billion) worth of local shares on Monday, the biggest single-day total in more than six months, according to stock exchange data. That helped propel overall turnover in Hong Kong to HK$505.8 billion, a record high.
Buy Rating for Alibaba: Strategic Investment in Hong Kong’s E-Commerce Market
Citi analyst Alicia Yap maintained a Buy rating on Alibaba (BABA – Research Report) yesterday and set a price target of $116.00. Alicia
Alibaba and JD.com Battle for Hong Kong Shoppers, Stocks Slid After Stimulus Rally
Alibaba and JD.com are competing for Hong Kong market share amidst China's stimulus plans. Baidu, PDD, NIO, Li Auto, XPeng, and ZEEKR are also affected.
JD.com, Alibaba, NIO Stocks Are Still Soaring. 3 Things That Could Hurt the Rally.
While China is celebrating the Golden Week holiday, the Hang Seng index in Hong Kong is continuing to benefit from the interest-rate cuts announced last week.
Alibaba, JD Keep Up China Stimulus Rally; PDD Recovers From Earnings Slide
Alibaba stock and shares of rival JD.com extended their rallies Wednesday, helped by optimism about Chinese economic stimulus.
5h
on MSN
Alibaba, NIO, BYD Stocks Slump as China Rally Pauses
The rally of Chinese stocks took a breather Thursday after having gained almost 30% from September lows.Shares of e-commerce ...
3d
Alibaba's Sun Art suspends Hong Kong trading, sparking divestment speculation
China's largest hypermarket operator has suspended the trading of its Hong Kong-listed stock since Friday pending an ...
6d
on MSN
Alibaba, Tencent rally as Beijing stimulus plans push China's tech stocks to 13-month high
Chinese tech stocks including majors like Alibaba and Tencent rallied this week, pushing them to highs not seen in more than ...
21h
Hong Kong Shares Lower in Likely Profit Taking
Hong Kong shares were lower in likely profit-taking after a weeklong rally following Beijing’s aggressive policy stimulus measures.
7d
Alibaba sets US$142 million promotion to waive delivery fees for Hong Kong's Taobao users
Alibaba Group Holding has earmarked 1 billion yuan (US$142 million) to waive delivery charges on Taobao users in Hong Kong ...
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