$3690-HK News

Last published 9mo ago

9mo ago3690-HK GOOGL MSFT AMZN+2Chinese tech giant Tencent plots Middle East cloud expansion as spending in the region boomsCNBCTencent's expansion will likely put it into more direct competition with U.S. giants including Amazon, Microsoft and Google.
1y agoNVDA 6857.T-JP 6723.T-JP 9984.T-JP+8Asian tech stocks fall as Trump doubles down on tariffs, keeping investors on edgeCNBCAsian tech stocks were also under pressure from the 8.69% fall in artificial intelligence darling Nvidia's shares overnight.
1y ago700-HK BABA 3690-HK TSLA+1Why China investors have stayed out of the country despite many stimulus measuresCNBCInvestors say repeated interventions — even to boost stock prices — have eroded their ability to make long-term investment decisions.
2y agoBABA 700-HK 3690-HK JD+1Alibaba, Tencent rally as Beijing stimulus plans push China's tech stocks to 13-month highCNBCChinese tech stocks including majors like Alibaba and Tencent rallied this week, pushing them to highs not seen in more than a year.
2y ago3690-HK BABAChina's Meituan has lost $82 billion in market cap on fears over rising competition, slowdown in food delivery businessCNBCStiff competition and management warning of a slowdown have wiped $82 billion off Meituan's market cap in 2023.
2y agoBABA PDD 9618-HK 3690-HKPinduoduo transaction revenue surges 315% as Chinese consumers hunt for bargainsCNBCPinduoduo on Wednesday posted more than 90% growth in third-quarter revenue, outpacing that of Alibaba, as consumers increasingly look for bargains.
3y ago3690-HKShares of China's food delivery leader Meituan fall more than 5% on weaker Q3 outlookCNBCMeituan shares fell 5% Friday after CEO Wang Xing warned of a food delivery slowdown in the third quarter during the firm's latest earnings call on Thursday.
3y agoA6I-FF 3690-HKFood delivery apps Grab and Foodpanda expand into dine-in services as explosive growth stallsCNBCFood delivery apps Grab and Foodpanda are offering dine-in features as consumers resume their normal daily routines and go out and dine in more frequently.
3y ago3690-HKMeituan’s KeeTa joins Hong Kong's food delivery race — but analysts are skepticalCNBCMeituan has launched a sister app in Hong Kong, its first roll-out outside mainland China — but analysts are skeptical it can quickly carve out significant market share.
3y agoSPGI BABA 700-HK 3690-HK+3China's tech sector may see fewer regulatory surprises — not zero, says S&P Global RatingsCNBCChina's tech sector may see its worst days over, but it doesn't mean that regulations will be easing, said S&P Global Ratings in a report.
3y agoBABA 3690-HK AAPL QCOM+1After a more than $1 trillion rout, Beijing appears to be warming to Chinese tech giantsCNBCAlibaba's major reorganization is viewed as a sign that the Chinese government could be relaxing its intense scrutiny of the domestic technology sector.
3y agoBABA 3690-HK 9618-HK 700-HKAlibaba's revamp puts renewed focus on Ant Group's suspended IPOCNBCThe latest overhaul in Alibaba's business announced overnight could be seen as calls for renewed interest for the $34.5 billion listing of Ant Group.
3y agoJD BABA ADS-FF 3690-HK+1Consumer spending in China isn't surging back yet, companies sayCNBCChina has yet to see a strong rebound in consumer spending, according to major companies.
3y ago3690-HK MSFT GOOGL BABA+1Chinese food delivery firm Meituan plans to hire 10,000 workers as U.S. tech giants ax jobsCNBCMeituan's hiring spree is in contrast to Silicon Valley technology giants from Microsoft to Alphabet that have laid off thousands of workers.
3y agoBABA 3690-HK UBERByteDance is testing food delivery service via its Chinese version of TikTokCNBCByteDance's Douyin is trialing a food delivery service in China "that enables merchants to promote and sell 'group-buying' packages."
3y agoBABA 700-HK XPEV JD+3From recovery to regulation: How China's tech giants could fare in 2023 after a bruising yearCNBCInvestors cautious heading into next year in regards to Chinese tech stocks with analysts expecting regulation to be more predictable and growth to accelerate.
4y agoBABA BIDU 9988-HK 700-HK+6Alibaba, Tencent shares plummet 11% alongside China tech stocks as Xi tightens grip on powerCNBCInvestors fear Chinese President Xi Jinping's tightened grip on power will lead to continued strict policies on the tech sector.
4y ago700-HK 3690-HKChinese food delivery giant Meituan tanks 9% after Tencent reportedly plans to divest $24 billion stakeCNBCTencent, which owns 17% of Meituan, is planning to placate domestic regulators and cash in on its eight-year-old investment, Reuters reported.
4y agoBABA PDD 700-HK 1024-HK+2Here's what China's e-commerce giants are telling us about the economyCNBCGrowth in online sales is slowing, while new players eat away at Alibaba's market share, data show.
4y ago3690-HK BABA 700-HK 9999-HK+2JPMorgan upgrades China's tech sector, says it's time to buy these stocksCNBCJPMorgan has upgraded Chinese tech stocks on the back of diminished risks, just two months after calling the sector "uninvestable."
4y ago700-HK BABA 3690-HKChinese tech giant Tencent plunges 10% after report of record anti-money laundering fineCNBCTencent shares fell nearly 10% to close at 331.80 Hong Kong dollars ($42.38), their lowest closing level since Dec. 5, 2019.
4y ago3690-HK 700-HK 9618-HKAnother major Chinese tech firm expands use of the country's digital currencyCNBCMeituan will now let users pay for offline services from hotels to movie theatre tickets with China's digital currency, known as the digital yuan or e-CNY.
4y ago2330-TW 981-HK BABA 700-HK+2China is still 'three or four generations' away from developing latest semiconductor tech, IDC saysCNBCChina's tech giants Alibaba, Tencent, Baidu and Meituan have all started investing heavily into chip development.
4y ago3690-HK SBUXStarbucks expands coffee delivery and services in China through tie-up with MeituanCNBCThe partnership with Meituan comes as Starbucks faces increasing competition from well-funded domestic tea and coffee chains in China such as HeyTea and Manner.
4y ago3690-HK 700-HK BIDU BABAMeituan backs A.I. chip start-up as Chinese tech giants pour money into semiconductorsCNBCChina has made boosting self-sufficiency as well as research and development into semiconductors a top priority, prompting tech giants to invest into chips.
4y ago9618-HK 700-HK 3690-HK PDD+1JD.com tanks after Tencent says it will give away most of its stake in e-commerce giant to shareholdersCNBCShares of JD.com plunged 7% on Thursday after Tencent announced it will be giving most of its shares in the e-commerce giant away.
5y agoBABA 700-HK 3690-HKChina tech stocks surge after food delivery giant Meituan is hit with $534 million antitrust fineCNBCAnalysts said the antitrust fine has removed an "overhang" over food delivery giant Meituan and the company's shares rallied more than 7% in Hong Kong trade.
5y agoBABA 700-HK 3690-HKChina will reportedly break up Ant Group's Alipay and force creation of new loans appCNBCBeijing plans to break up Ant Group's Alipay and create a separate app for the fintech giant's loans business, the Financial Times reported Monday.
5y agoBABA 700-HK PDD 3690-HK+1China's tech giants pour billions into Xi's vision of 'common prosperity'CNBCAlibaba joins a chorus of technology giants pouring money into President Xi Jinping's goal of "common prosperity" as the sector faces scrutiny from regulators.
5y ago3690-HK DIDIChinese regulators summon 11 ride-hailing firms, including Didi, over 'illegal behavior'CNBCChinese regulators have summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior.
5y agoBIDU .HSI BABA 3690-HK+2Chinese tech stocks rally as JD.com and Alibaba surge nearly 9%CNBCChinese tech stocks rallied on Tuesday as investors got some clarity on the regulatory outlook and bought some of the names that have taken a beating.
5y ago700-HK BABA 3690-HK HUYA+1China seeks to tighten rules on unfair internet competition, sending tech shares lowerCNBCThe rules from China's market regulator cover a wide range of areas to prohibitions on the way companies can use data to stamping out fake product reviews.
5y agoDIDI 3690-HK 700-HK BABAChinese ride hailing rivals look to take advantage of Didi’s troublesCNBCDidi's rivals in China are trying to eat away at the company's market share as it faces a crackdown from regulators.
5y agoBZ YMM 700-HK 3690-HK+2After crackdown on Didi, China opens cybersecurity probes into 3 more tech firmsCNBCChinese regulators have opened a cybersecurity review into companies under the New York-listed Full Truck Alliance and Boss Zhipin.
5y agoMF undefined 700-HK 9988-HK+2Investors show no appetite for Chinese online grocery firms that just listed in the U.S.CNBCInvestors are concerned about cut-throat competition in China and whether Missfresh and Dingdong can ever become profitable.
5y agoZ921-CN .IMOEX VOW3-DE FDX+7Chinese companies sign up for Euro 2020 soccer sponsorships in a bid to go globalCNBCBehind soccer players at this year's Euro 2020 championship, ads roll for a number of Chinese sponsors, including Alibaba-affiliate Alipay.
5y ago3690-HK 9988-HK 9618-HK PDDChina tech crackdown turns to food delivery giant Meituan as $38.96 billion is wiped off valueCNBCChinese regulators have opened an antitrust probe into Meituan not long after fining Alibaba $2.8 billion in a similar investigation.
5y ago700-HK 9988-HK 3690-HK 9888-HK+4Chinese tech stocks rally after anti-monopoly pledge as regulators sharpen clawsCNBCTwelve major Chinese technology companies pledged Wednesday to comply with anti-monopoly rules, according to statements shared by the national market regulator.
5y agoBIDU F 3690-HKBaidu finds CEO for its electric car company and aims to launch vehicle in 3 yearsCNBCBaidu has tapped the co-founder of bike-sharing start-up Mobike to be the chief executive of its electric car venture with Chinese automaker Geely.
5y agoBABA JD BIDU NTES+5Chinese tech giants like Kuaishou are listing in Hong Kong instead of U.S. after Trump's trade warCNBCKuaishou soared in its Hong Kong debut, the latest Chinese tech company to shun U.S. exchanges and stay closer to home.