Alibaba (NYSE: BABA) is the largest cloud player in China, but a recent Canalys report indicates Tencent (OTC: TCEHY) is gaining ground. Alibaba's share of China's cloud infrastructure market dipped from 47.3% to 46.4% between the first and fourth quarters of 2019. During the s
Chinese tech giant Tencent (OTC: TCEHY) recently posted its fourth-quarter earnings, which remained fairly stable as it approached the novel coronavirus crisis, which intensified in the first quarter.
JD.com's (NASDAQ: JD) stock recently popped after the Chinese retailer approved a fresh $2 billion buyback plan, which will last for the next 24 months.
JD.com Inc. (JD), China’s leading technology driven e-commerce and retail infrastructure service provider, said Tuesday that its board of directors approved a program under which it may repurchase $2 billion of its shares over the next 24 months.
Under the proposed plan, repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.
The e-commerce group is said to have hired Bank of America and UBS to work on a second listing on the Hong Kong Stock Exchange, to follow larger rival Alibaba Group Holding Ltd. (BABA), according to press reports on Monday. The majority of Wallstreet analysts provide the Chinese service provider with a buy rating and an average price target of $49.11. The company’s shares dropped 11.4 percent in U.S. trading closing at $35.24.
JD.com’s repurchase program will be funded from its existing cash balance, the company said in a statement.
JD.com Inc. (JD), China’s
leading technology driven e-commerce and retail infrastructure service
provider, said Tuesday that its board of directors approved a
program under which it may repurchase
$2 billion of its shares over the next 24 months.
Under the proposed plan, repurchases
may be made from time to time on the open market at prevailing market prices,
in privately negotiated transactions, in block trades and/or through other
legally permissible means, depending on market conditions and in accordance
with applicable rules and regulations.
The e-commerce group is said to have hired Bank of America and UBS to work on a second listing on the Hong Kong Stock Exchange, to follow larger rival Alibaba Group Holding Ltd. (BABA), according to press reports on Monday. The majority of Wallstreet analysts provide the Chinese service provider with a buy rating and an average price target of $49.11. The company’s shares dropped 11.4 percent in U.S. trading closing at $35.24.
JD.com’s repurchase program will be funded from its existing cash balance, the company said in a statement.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI China ETF (Symbol: MCHI) where we have detected an approximate $174.8 million dollar inflow -- that's a 3.7% increase week over week i
Apple's (NASDAQ: AAPL) stock may be taking a beating amid the novel coronavirus outbreak, but with factories in China reopening and staff returning to pre-virus levels, the worst may be over for the iPhone maker in one of its most important markets.