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Express News | Alibaba: On November 5th, spent approximately $19.9886 million to repurchase 1.6072 million shares.
Alibaba's AI Strategy: Massive Ad Spend to Dominate Crowded Market
Alibaba (09988.HK) upgraded the 'november 11 shopping festival-related' Taobao subsidy to a super subsidy, with order volume exceeding 0.1 billion orders.
Alibaba (09988.HK) (BABA.US) announced that this year during the Tmall november 11 shopping festival-related period, Taobao's tens of billions of subsidies have been significantly increased, upgraded to a hundred billion super subsidy event. As of November 3, the order volume of Taobao's hundred billion super subsidy has exceeded 0.1 billion, a significant increase compared to the same period last year, and has driven the turnover of industries such as household appliances, home decoration, sports outdoor, to increase by over 350% year-on-year. Orders for clothing and 3C digital products have also increased by 200% and 100% respectively.
Overseas issuance of UnionPay cards fully supports binding WeChat Pay and Alipay.
CCTV News reported that China UnionPay International announced that overseas issued UnionPay cards now fully support binding with Alipay. At the same time, with the support of ICBC (01398.HK), WeChat Pay can also be linked to overseas issued UnionPay cards. Currently, there are over 0.25 billion UnionPay cards issued in 83 countries and regions outside China, and these UnionPay cards can be used cross-border in 183 countries and regions.
CORRECTION: Shares of US-listed Chinese Stocks Are Trading Lower
Homestyler Presenta Innovadoras Herramientas De Diseño En La Nube 3D En High Point Market
Shares of US-listed Chinese Stocks Are Trading Higher After Donald Trump Was Elected President of the United States, Which Could Raise Concerns Over Potential Tariffs and US-China Tensions.
Alibaba-W(09988.HK): AI initiates new growth of Alibaba Cloud (Alibaba's in-depth analysis III and GENAI series report 39)
The downturn in domestic internet cloud business has passed, with AI and going global as new drivers. As the consumer internet user dividend ends, and macroeconomic impact on enterprise IT spending, the growth rate of the domestic public cloud market in 2021-2023 has slowed significantly; with alibaba as the
AI helps businesses improve operation efficiency. Taotian Group: Compared to last year, the turnover of active customers on november 11 increased by more than 6 times.
The group stated that through e-commerce AI comprehensive support for businesses' operations, it helps them enhance efficiency.
[Real-time Tracking of the Election] Trump officially wins the usa election.
On November 5th, USA will hold the 60th presidential election, the current vice president Harris and former president Trump will officially compete. Finance Associated Press will track and report the latest developments of this election, so please stay tuned.
alibaba-SW (09988.HK) spent 19.989 million US dollars to buy back 1.607 million shares on November 5.
Gelonghui, November 6th | alibaba-SW (09988.HK) announced that on November 5th, it spent $19.989 million to repurchase 1.607 million shares.
Illustration: Southbound funds aggressively increased their holdings in Hong Kong stocks by 21.4 billion Hong Kong dollars, with ping an insurance, Tencent, and Meituan being their top choices.
The southbound capital had a net inflow of 21.487 billion Hong Kong dollars into Hong Kong stocks today. Among them: net buy of Tracker Fund of Hong Kong 8.944 billion, Hang Seng H-Share Index ETF 1.265 billion, Ping An Insurance 0.789 billion, Tencent 0.759 billion, Meituan 0.621 billion, Alibaba 0.396 billion, Xiaomi 0.276 billion, Shanghai Electric Group 0.194 billion, CNOOC 0.125 billion, Sunac 0.101 billion. According to statistics, the southbound capital has been net buying Xiaomi for 11 consecutive days, totaling 5.11396 billion Hong Kong dollars; net buying Tencent for 9 consecutive days, totaling 3.31934 billion Hong Kong dollars; net selling Semiconductor Manufacturing International Corporation for 3 consecutive days, totaling 16.
Express News | RPT-Li Auto Drops 5.1%, JD.com Down 3.6%, NIO off 4%, Xpeng Down 5%
Express News | RPT-Ishares China Large Cap ETF Down 2.3%, Kraneshares CSI China Internet ETF Down 2.4%
Express News | RPT-PDD Holdings off 4.4%, Baidu Down 2%, Alibaba off 3%
Express News | RPT-U.S.-Listed Shares of Chinese Firms Drop Premarket on Worries Over Growing U.S.-China Trade Tensions Under Trump Presidency (Adds Refinitiv Instrument Code)
Hong Kong market watch: Hong Kong stocks fell sharply, with the Hang Seng Index falling by more than 2%; technology, insurance, and lithium battery sectors declined, Alibaba, New China Life Insurance fell by more than 4%, BYD Company Limited fell by nearl
Network technology stocks performed poorly, jd.com Group-SW fell by 4.16%, alibaba-W fell by 4.07%; multiple alcoholic beverage stocks declined, palinda group rose by 6.86%, bud apac fell by 4.33%; golden industrial concept weakened, zhaojin mining fell by 4.25%, sd gold fell by 3.47%.
Brokerage expects Tencent (00700.HK) to increase its third quarter adjusted net profit by 23%, focusing on management guidance.
Tencent (00700.HK) will announce its performance for the third quarter ending September next Wednesday (the 13th), driven by the continued growth of gaming and video streaming businesses and the expansion of gross margin. According to a compilation of forecasts from 11 brokerages, Tencent's net profit under non-International Financial Reporting Standards for the third quarter of this year is expected to be between 51.341 billion and 57 billion RMB, compared to 44.921 billion RMB in the same period last year, representing an increase of 14.3% to 26.9% year-on-year, with a median of 55.211 billion RMB, a 23% increase year-on-year. Based on forecasts from 7 brokerages, Tencent's net profit for the third quarter of this year is estimated to be between 42.5 billion and 45.6 billion.
Alipay expands cooperation with PayPay, covering over 3 million merchants across japan.
Japanese leading mobile payment provider PayPay announced at the Singapore cni xiangmi lake fintech index that it is expanding its collaboration with Ant International's cross-border mobile payment solution Alipay+. This collaboration expansion has significantly increased the coverage of AlipayHK in Japan to over 3 million locations, including small and medium-sized merchants in cities of various sizes in Japan.
Xiaohongshu moved its data lake to Alibaba Cloud.
According to the internal media reports, Xiaohongshu has moved the industry's largest data lake to Alibaba Cloud, with a total of 1,500 participants, involving more than 40 departments, migrating data reaching 500PB, setting industry records in both product and data scale. Currently, Xiaohongshu has exceeded 0.3 billion monthly active users, storing all original data from the past 11 years in the data lake. Due to the company's rapid business growth in recent years, the demand for online data processing continues to increase, while offline processing has also accumulated historical issues. Therefore, Xiaohongshu's cloud migration project started earlier than November last year, and was successfully completed with the full support of the Alibaba Cloud team on-site.