Company Overview and News

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Alibaba pledges ‘largest ever’ Singles’ Day as shopping festival marks 10th anniversary, goes international

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E-commerce giant Alibaba Group Holding expects to achieve a record 1 billion orders in 24 hours during Singles’ Day on November 11, as the company pulls together its entire retail ecosystem in China and overseas to participate in the world’s largest online shopping festival this year.
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US trade war hammers Chinese tech stocks, Zhou Qunfei’s Lens Technology biggest loser 

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IPhone and Tesla touchscreens once made her China’s richest woman. The U.S.-China trade war has made her the biggest loser in 2018 among Chinese billionaires. Zhou Qunfei, the chairman of consumer electronics supplier Lens Technology Co., has lost 66 percent of her fortune, or $6.6 billion, this year — the biggest drop in percentage terms among China’s wealthy — according to the Bloomberg Billionaires Index.
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China minister projects US$14 billion domestic market for intelligent, connected cars by 2020

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China is expected to be home to a 100 billion yuan (US$14 billion) market for intelligent connected vehicles by 2020, according to Industry and Information Technology Minister Miao Wei.
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Alibaba-backed Hong Kong AI lab names first batch of start-ups for funding

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A Hong Kong artificial intelligence lab backed by e-commerce giant Alibaba Group Holding and SenseTime, the world’s most valuable AI start-up, has named seven companies that will receive funding under its accelerator programme.
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Didi plans to hire more Party members in China to act as customer service ‘role models’ amid safety overhaul

2018-10-18 scmp
The proposed hiring of Party members by Didi reflects similar moves by other Chinese companies that have run afoul of authorities in the past year
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Chinese insurance giant Ping An launches cloud service aimed at banks, hospitals

2018-10-17 scmp
In development since 2013, Ping An Cloud to be foundation for transformation into technology-driven financial conglomerate, says deputy CEO
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China's Factory Heartland Braces for Trump's Big Tariff Hit

2018-10-17 theedgemarkets
(Oct 18): In China’s manufacturing heartland around the Pearl River Delta, Donald Trump’s 10 percent tariffs are causing little concern. The 25 percent duties that loom next year are another matter.
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Asia's technology bear isn't ready to hibernate

2018-10-17 businesstimes.com.sg
Until recently, US technology companies seemed immune to the escalating trade war with China. Their Asian peers, meanwhile, have collapsed.
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China, Hong Kong stocks slip on soft factory-gate inflation data

2018-10-17 thehindubusinessline
The CSI300 index rose as much as 1.3 per cent before dipping 0.1 per cent to 3,125.04 points at the end of the morning session. - Reuters
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Singapore e-wallet NetsPay in talks with Tencent’s WeChat Pay for cross-border payments

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If finalised, NetsPay will be the first third-party digital wallet to link with WeChat for cross-border payments in China
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The Tell: Fund managers haven’t been this bearish on global growth since 2008: BAML survey

2018-10-16 marketwatch
Fund managers in October turned the most pessimistic on global growth prospects since the depths of the financial crisis in the fall of 2008, but aren’t yet negative enough to offer a contrarian buy signal, according to Bank of America Merrill Lynch.
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Alibaba: Where's The Bottom? - Part II

2018-10-15 seekingalpha
In early April this year, I wrote an article discussing "Where's The Bottom?" after the share price of Alibaba suffered a sharp drop.
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Hong Kong and China shares drop as Trump Administration gets ‘even tougher on China’

2018-10-15 scmp
Stocks listed in Hong Kong and China dropped on Monday, on worries the Trump Administration was stepping up its hardline approach to Beijing, which in turn sent markets lower across Asia.
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Chinese electric carmaker NIO delivers 3,268 SUVs in third quarter

2018-10-15 channelnewsasia
Chinese electric carmaker NIO Inc said on Monday it delivered 3,268 electric SUVs in the third quarter, exceeding its own target of 2,900-3,000 vehicles.
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Chinese electric carmaker NIO delivers 3,268 SUVs in third quarter

2018-10-15 reuters
(Reuters) - Chinese electric carmaker NIO Inc (NIO.N) said on Monday it delivered 3,268 electric SUVs in the third quarter, exceeding its own target of 2,900-3,000 vehicles.
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