Newsfeeds Archive - Page 90 of 97

2 minute read

XPeng Plunges 10% On Weak Results, Alibaba Sheds 1%: Hang Seng Opens Lower As Fed’s Jackson Hole Meet Takes Precedence

August 23, 10:49 PM

Electric-vehicle stocks plunged in Hong Kong on Wednesday morning, with Tesla Inc (NASDAQ: TSLA) rival XPeng Inc tumbling over 10% after posting a quarterly net loss that more than doubled.

BABA

1 minute read

Facebook Co-Founder’s VC Firm Leads $20M Funding Round For Indian Health-Tech Startup

By Bhavik Nair

August 23, 5:02 AM

Facebook Inc (NASDAQ: FB) co-founder Eduardo Saverin and Raj Ganguly’s venture capital firm B Capital Group has led Series-A funding round for Indian health-tech start-up Mojocare which is cl

2 minute read

Alibaba, Nio, Most Peers Buck Weaker Hang Seng Open After Wall Street Slide As Focus Turns To Jackson Hole Summit

By Bhavik Nair

August 22, 10:27 PM

Hong Kong's benchmark stock index opened lower on Tuesday morning, tracking a weak finish overnight on Wall Street on the back of rate-hike fears, as investors looked toward U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Summit later this week.

BABA

1 minute read

Tencent Gets China Patent For Blockchain-Based Missing Person’s Poster After 3-Year Wait: Report

By Bhavik Nair

August 22, 8:52 PM

Chinese technology giant Tencent Holdings Ltd. (OTC: TCEHY) has received a patent for a blockchain-based missing person’s poster, Coin Telegraph repo

TCEHY

1 minute read

Asia
News

Nio Confirms Shipment Of Flagship EV Units To Europe A Week After Video Leak

By Bhavik Nair

August 22, 7:45 AM

Chinese electric vehicle maker Nio Inc (NYSE: NIO) on Monday confirmed that several units of its flagship sedan ET7 had set sail from China’s port to Europe.

NIO

2 minute read

Alibaba, Nio, XPeng Slide Over 1% As US Rate-Hike Fears Overpower China’s Slashing Of Benchmark Lending Rates

By Bhavik Nair

August 21, 10:09 PM

Hong Kong shares opened lower on Monday, in tune with other Asian markets, as fears of a rate hike by the U.S. Federal Reserve gathered momentum ahead of the Jackson Hole summit later this week. The Hang Seng index lost 0.8% in opening trade even as China slashed its benchmark lending rates to boost a sluggish economy.

BABA

2 minute read

SoftBank CFO Says Alibaba Share Sale Was To ‘Instantly Show’ Investors Finances Were Solid: Report

By Bhavik Nair

August 21, 8:56 PM

SoftBank Group Corp’s (OTC: SFTBY) finance chief has said its stake sale in Alibaba Group Holding Ltd (NYSE: BABA) was meant to “instantly show” investors its finances were strong aft

BABA

1 minute read

Sigh Of Relief For Alibaba, Tencent? China’s Top Internet Regulator Seeks ‘Affectionate’ Relation With Tech Enterprises

By Bhavik Nair

August 19, 6:24 AM

The Cyberspace Administration of China (CAC), the country’s cyber watchdog, intends to build an "affectionate" relationship between internet enterprises and the government, Reuters reported citing a senior official.

BABA

1 minute read

Indonesian President Says Committed To Convincing Elon Musk To Make Tesla EVs In The Country — Not Just Batteries

By Bhavik Nair

August 19, 1:49 AM

Indonesian President Joko Widodo wants Tesla Inc. (NASDAQ: TSLA) to manufacture cars in the country and not just batteries, according to Bloomberg News.

2 minute read

Alibaba, Other Hong Kong Stocks Show Optimism In Early Trade Even As Analysts Downgrade China Growth Projections

By Bhavik Nair

August 18, 10:18 PM

Hong Kong’s Hang Seng index opened in the green on Friday, gaining 0.12% in opening trade, following a muted session on Wall Street. Investors also digested macro news from Japan where the headline inflation rose to 2.6% in July as compared to 2.4% in June.

BABA