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Stock Portfolio Tips

6 years 6 months ago
In this episode of Industry Focus: Tech, Motley Fool analysts Dylan Lewis and Ben Ra take on some listeners' investment questions. They take a look at some e-commerce companies and what is working for them and what the future might hold for them in terms of growth. Learn how to
The Motley Fool

Amid Coronavirus, JD.com Has an Advantage Over Rivals

6 years 6 months ago
As the coronavirus ravages the U.S., investors may wish to look across the Pacific for new investments. While the U.S. cases have continued to climb, China has actually reported no new "native" cases in the country for each of the past four days. While China is still seeing new
The Motley Fool

Tencent Is Creeping Up on Alibaba in China’s Cloud Market

6 years 6 months ago
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
The Motley Fool

China’s JD.com in $2 Billion Buy-Back Bonanza Amid Market Turmoil

6 years 6 months ago

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.

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TipRanks

MCHI, BABA, JD, BIDU: Large Inflows Detected at ETF

6 years 6 months ago
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
BNK Invest

The Worst May Be Over for Apple in China

6 years 6 months ago
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. 
The Motley Fool
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