FAST NEWS: Alibaba Pictures bleeds red ink on pandemic movie blow
The latest: Filmed entertainment maker Alibaba Pictures Group Ltd. (1060.HK) reported Wednesday that revenue for its fiscal year through March fell 4% to 3.52 billion yuan ($495 million). It recorded a net…
With strong results, who needs splashy chatbots? Not Tencent
The leading game operator’s latest quarterly results showed it has emerged from a two-year cloud of harsh regulation and Covid restrictions Key Takeaways: Tencent’s first-quarter revenue and adjusted net profit…
PODCAST: Australian timber returns to China, and Alibaba’s break-up marches on
China has resumed imports of Australian timber as relations between the two countries continue to thaw after a period of deep freeze. And Alibaba announces plans to spin off its cloud unit and make IPOs for its Freshippo supermarket and Cainiao logistics businesses.
CHINA BULLETIN: China Pumps Up Economy with Cash, But Nobody’s Borrowing
In this week’s issue China rediscovers Australian timber, Oppo ditches chip design and noodle maker Nissin finds savory flavor in falling flour prices. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.
JD’s boardroom shuffle ignites talk of founder’s return
The executive who replaced JD.com founder Richard Liu as CEO only a year ago is unexpectedly stepping down, handing the reins to the firm’s CFO. The management shake-up at the…
PODCAST: Alibaba mulls listing for overseas e-commerce, and Nio sues blogger
Alibaba is considering a separate listing for its offshore e-commerce business, consisting of Lazada and AliExpress. And Nio is suing a blogger, accusing him of posting a deliberately misleading video implying the company discriminates against Chinese consumers.
CHINA BULLETIN: Weak Economic Signals All Around
In this week’s issue weak signals in trade and inflation, and LinkedIn links out. On a scale of 1 to 100, we give the week a 40 for offshore-listed China stocks.