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US-listed Chinese stocks

US-listed Chinese stocks
Latest news and analysis about companies owned or founded by Chinese entrepreneurs, listed on the New York Stock Exchange (NYSE) or Nasdaq.
last updated:
9 September, 2024
Women walk past by a display showing the Shanghai stock market index outside a brokerage in Beijing. Photo: AP Photo
Hong Kong stock market

Hong Kong stocks end week lower as traders look for catalysts

Tencent advances 2.7 per cent on move to introduce a gifting tool on its WeChat platform; chipmaker SMIC jumps 8.2 per cent.

Hong Kong stock market

Hong Kong shares fall after Fed signals slower easing next year

Hong Kong stock market

Hong Kong stocks rise amid bid to unlock mainland Chinese state firms’ value

IPO

A Chinese recycling that aims to replicate its success overseas

The company, which operates an online platform connecting individuals and businesses with recycling services, plans to expand globally.

A Chinese labourer sorts out plastic bottles for recycling in Dong Xiao Kou village on the outskirts of Beijing. Photo: AFP
Alibaba

Jack Ma returns to Alibaba campus in sign of support

The founder’s visit is his first known trip to his hometown since March 2023.

Focus

Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0

‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says.

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Artificial intelligence

Uber said to eye US$10 million stake in IPO of China’s Pony AI

The ride-hailing giant may consider using Pony AI’s autonomous-driving technology outside the US, a source says.

Uber is in talks to invest in the US IPO of Chinese robotaxi firm Pony AI. Photo: dpa
E-commerce

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.

Alibaba

Alibaba pulls in US$5 billion from dual-currency bond offering

The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.

Alibaba

Alibaba to sell bonds to repay debt, fund buy-back amid low rates

The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.

Alibaba plans to issue new bonds to fund its share repurchases and repay debt. Photo: Shutterstock
Banking & finance

Exclusive | China is ‘very much’ investible, offers unique diversification: Bridgewater

More stimulus is needed as spending is still too low to achieve its growth target, co-CIO Prince says.

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Bob Prince, co-chief investment officer of Bridgewater Associates, during a panel discussion at the 2024 Family Business Summit in Hong Kong on November 16, 2024. Photo: Jelly Tse
Electric & new energy vehicles

Why Zeekr shares slumped in New York on news of Geely Auto reorganisation

Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan.

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China technology

Bilibili achieves quarterly profitability for first time

The Shanghai-based company recorded an adjusted net profit of 235.9 million yuan (US$33.6 million) during the third quarter.

China

Shanghai hedge fund Pinestone denies trade-secret theft charge against co-founder

US Attorney’s Office in Massachusetts indicted Xiao Zhang last month for stealing trade secrets while working for an unnamed US fund in 2021.

Traders work on the floor of the New York Stock Exchange on November 13, 2024. Photo: AFP
China stock market

UBS cuts China stock forecast amid Trump tariff threat, weak stimulus

Swiss money manager cuts mid-2025 and end-2025 targets for MSCI China Index because of tariff uncertainties and disappointing stimulus.

UBS Global Wealth Management, which is part of UBS Group, manages US$6.2 trillion of assets. Photo: Reuters
Hong Kong stock market

Hong Kong stock benchmark drops below 20,000, surrendering stimulus gains

Hang Seng Index falls to lowest point since September 25, erasing a policy-induced rally that had added as much as 27 per cent.

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China stock market

Trump’s return is not all bad news for Chinese stock investors: analysts

Trump’s presidency is often associated with trade war and tariffs, while huge stock returns are overlooked.

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China technology

Chinese data centre firm GDS raises US$1 billion for overseas expansion

That funding will help capitalise the development of up to 1 gigawatt of total data centre capacity outside China, according to GDS.

More enterprises are using data centres to host or manage high-performance computing systems for their artificial intelligence projects. Photo: Shutterstock
Banking & finance

Goldman Sachs’ 35 meetings show China stocks back on radar after fund purge

What has happened is that Beijing has activated the ‘policy put’, or whatever it takes to rescue the market, Goldman says.

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Artificial intelligence

Chinese robotaxi start-up WeRide files for US$119 million IPO

The IPO would be one of the largest US listings by a Chinese firm since Didi Global’s in 2021.

China stock market

What Goldman, JPMorgan say about China’s US$4.5 trillion stock rally

Chinese stocks go from unloved during the pandemic to ‘attractive’ and ‘compelling’ after Beijing’s surprise stimulus bazooka.

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Chinese stocks have regained US$4.5 trillion of capitalisation in Shanghai, Shenzhen, Hong Kong and New York since Beijing’s surprise stimulus on September 24. Photo: Reuters
China stock market

China has its busiest market day as Hong Kong surrenders all gains

The CSI 300 Index pared gains after registering a record intraday jump while the Hang Seng Index slumped the most since 2008.

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A trader at a brokerage house in Taiyuan in Shanxi province on August 3, 2009. Contrary to global conventions, China represents gains and advances in red, using the green colour to denote losses and declines. Photo: Reuters
Hong Kong stock market

Hang Seng soars to 32-month high before China market’s reopening

Hong Kong stocks have gained more than 9 per cent since September 30, when the mainland’s markets closed for the ‘golden week’ holiday.

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Stocks

Shein plans Europe roadshows ahead of London IPO, sources say

Chinese online retailer is valued at about US$66 billion, based on a fundraising round last year.

Hong Kong stock market

Hong Kong stocks add to 3-week rally as Alibaba, Tencent lead tech gainers

This rally has more legs as many stocks are still trading below their three- and five-year averages, says John Choi of Daiwa Securities.

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Pedestrians walk past a sign showing the Hang Seng Index on September 27, 2024. Photo: AFP
Hong Kong stock market

Hong Kong stocks slide, halting 6-day rally as China frenzy runs out of gas

A key technical indicator shows the market is massively overbought, signalling an imminent reversal.

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Hong Kong stocks take a breather on Thursday after a six-day rally pushed the market into a danger zone. Photo: Jelly Tse
China stock market

Mistimed exits cost key investors US$3 billion in China’s stock rally

Beijing’s stimulus package has boosted Chinese stocks, but some investors missed out on billions in potential gains by selling their shares before the rally.

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Hong Kong stock market

Hong Kong stocks hit 20-month high as China frenzy continues

Stocks jumped for a sixth straight day as gains snowballed to US$3 trillion since Beijing unveiled its biggest stimulus package in this cycle.

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