Citi maintains Buy rating on Alibaba, lowers price target to HK$288 for its HK shares
Citi maintained a Buy rating on Alibaba in its latest research note but lowered its price target to HK$288 ($37) from HK$297.
Kuaishou, which saw its shares drop about 80% from all-time high, responds in bizarre way
The post quotes seven songs whose titles are linked together to form the phrase "Friends, calmly face the irrational shocks. It doesn't matter if the tide rises or falls, tomorrow will be better."
Goldman Sachs adds Tencent to its Conviction Buy list, but lowers price target by 16%
Goldman Sachs has added Tencent to its Conviction Buy list in its latest research note but increased its valuation discount to 15 percent from 10 percent in light of the latter's exposure to regulatory uncertainty.
Local Chinese paper calls for caution against media interference in stock market
Several industries in China have seen stock prices plummet recently as they have been slammed by the official media. A local newspaper, Shenzhen Economic Daily, published an article on Aug. 5 calling for caution against media interference in the stock market.
Luckin Coffee reportedly has achieved overall profitability
Luckin Coffee's stock is still tradable on the OTC market despite its delisting, up nearly 70 percent so far this year.
Chinese regulators launch onsite cybersecurity review of Didi
Chinese regulators have launched an onsite review of local ride-hailing giant Didi Chuxing after announcing a decision to conduct a cybersecurity review of the company earlier this month.
China's express business volume exceeds 50 billion pieces in H1, close to full year 2018
China's online retail sales of physical goods reached RMB 5.03 trillion yuan ($778 billion) in the first half of the year, up 18.7 percent year-over-year.
Meituan raises nearly $400 million from Tencent through share offering
Chinese life service app Meituan has raised nearly $400 million from Tencent in a stock offering to further fuel its business expansion.
Chinese market regulator unconditionally approves Tencent's acquisition of Sogou stake
Following the latest news, Tencent's shares traded quickly higher in Hong Kong, rising 4 percent to HK$556.
Stocks of firms hit by China's cybersecurity review plunge in pre-market trading
Didi, the Chinese ride-hailing giant listed on the New York Stock Exchange, was down about 30 percent at one point before its losses shrunk to about 22 percent. Didi only went public in the US last week, and Tuesday was its fourth day of trading.