Express News | Alibaba: On January 8, approximately $39.985 million was spent to repurchase 3.8352 million shares.
Capital trends | Northbound funds purchased nearly 6 billion HKD worth of Tencent, while selling Meituan and ANTA SPORTS.
Track the latest dynamics of southbound capital.
Express News | Jefferies Financial has raised Alibaba's Target Price from $143 to $144.
Express News | Alibaba Group : Jefferies Raises Target Price to $144 From $143
Quick Look at the Hong Kong Market | The three major Indices have mixed movements, stocks in Biotechnology and Communication Equipment are rising, ZTE soared by 10%, and BEIGENE increased by over 5%.
Network Technology stocks fell, XIAOMI-W rose by 2.90%, NTES-S rose by 2.19%; most Coal Industrial Concept stocks declined, China Shenhua Energy fell by 3.18%, China Coal Energy fell by 1.69%; most Shipping and Ports stocks decreased, COSCO Shipping Holdings fell by 4.75%, OOIL fell by 3.14%;
Taobao and Tmall plan to establish an account integrity system to optimize the "return treasure" mechanism.
Alibaba (09988.HK) (BABA.US) held a merchant service conference under Taobao and Tmall, announcing plans to establish the first integrity system for accounts within the e-commerce Industry to build a healthy e-commerce ecosystem. Merchants can report issues such as abnormal refunds, unauthorized returns, counterfeit returns, and the use of online images or modified images to be recorded in the integrity system. The platform may reject user after-sales requests based on circumstances, or implement purchase limitations at individual stores or across the platform. As for professional "sheep shearing" individuals, Taobao and Tmall stated they would work with relevant departments to refer the matter to judicial authorities. Additionally, Taobao and Tmall have upgraded their full-link abnormal refund guarantee to address issues like fraudulent certificates.