One-week inventory ｜ Alibaba’s US stocks fell 1.76% last week, and Hong Kong stocks fell 2.01%

2024年8月23日 | admin | fdsfsd

[Individual stock trend]

February 26 to March 1

Last week, the S & P 500 rose 0.95%, the Nasdaq Composite rose 1.74%, and the Dow Jones Industries Average fell 0.11%.

Alibaba’s US stocks fell 1.76% last weekThe total turnover last week was 5.288 billion US dollars, and as of last week’s close, the US stock price was 74.62 US dollars; the US stock market rose 0.8% this month, fell 3.73% this year, and fell 16.81% in the past 52 weeks.

Last week, the Hang Seng Index fell 0.82% for the week, while the Hang Seng Technology Index rose 2.6%.

Alibaba-SW Hong Kong stocks fell 2.01% last weekLast week’s total turnover 15.851 billion Hong Kong dollars, as of last week’s close, the Hong Kong stock price was 73.05 Hong Kong dollars, market value of 1.49 trillion Hong Kong dollars; Hong Kong stocks rose 0.21% this month, down 3.37% this year, nearly 52 weeks down 16.99%.

[Company comparison]

stock code Securities abbreviation latest price Last week’s rise and fall This month’s rise and fall This year’s rise and fall 52 weeks of ups and downs VIPS Vipshop $19.36. 13.95% 0.57% 9.01% 29.5% eBay eBay $48.05. 9.18% 1.63% 10.16% 4.37% AMZN Amazon $178.22. 1.85% 0.83% 17.3% 87.8% PDD Pinduoduo $126.85. -0.66% 1.85% -13.3% 32.56% BABA Alibaba $74.62. -1.76% 0.8% -3.73% -16.81% BZUN Baozun E-commerce $2.36. -2.07% 0% -13.87% -63.97% JD JD.com $23.00 -3.77% 1.68% -20.39% -51.54% 06808 Sun Art Retail HK $1.31 3.15% -2.96% -6.43% -54.83% 09991 Baozun Dianshang-W HK $6.19 -0.32% 3.17% -11.82% -63.59% 09988 Alibaba-SW HK $73.05 -2.01% 0.21% -3.37% -16.99% 09618 JD.com Group-SW HK $90.55 -3.41% 1.68% -19.51% -50.97% 00493 Gome Retail HK $0.04 -4.65% 2.5% -34.92% -73.2%

[Related News]

Alibaba Cloud will discontinue trademark agency services on March 29

According to the official website of Alibaba Cloud, due to the adjustment of product strategy, Alibaba Cloud will stop trademark agency services on March 29, 2024 and adjust to a platform-based business, that is, Alibaba Cloud will select third-party service providers as trademark agencies to directly provide trademark agency services to customers. Alibaba Cloud only acts as a platform operator to supervise and manage the service quality of each service provider; at the same time, Alibaba Cloud will continue to provide functions such as trademark intelligent registration product submission and order management.

Foreign visitors to China use mobile payment transactions to withdraw Alipay and respond quickly

The People’s Bank of China said it will guide major payment institutions such as Alipay and Tenpay to increase the single transaction limit for foreign nationals using mobile payment from US $1,000 to US $5,000, and the annual cumulative transaction limit from US $10,000 to US $50,000. On the same day, Alipay told reporters that it has quickly responded to relevant decision-making and deployment. "Part of the request has been completed today, and it will be completed in the near future. Alipay will, with the support and guidance of the People’s Bank of China and the Administration of Foreign Exchange, solidly promote the implementation of various measures to continuously improve the payment security and convenience of overseas users in China." (Shanghai Securities News)

Rumor "Ant Group Acquires Founder Securities" Verification: False News

The market rumor "Ant Group announced that it has successfully acquired Founder Securities from Ping An Life Insurance of China". Affected by this, the share price of Founder Securities rose by the limit in the last trading. According to the reporter’s verification with relevant parties, the above rumor is not true. Previously, the market had rumoured that Ant Group had bought Credit Suisse’s investment banking business in China. Since Founder Securities holds a 49% stake in Credit Suisse Securities (China), the market is likely to misunderstand that Ant Group bought Founder Securities. (Financial Union News Agency)

Yu Yongfu steps down from the front line of Ali’s business, and the new management team of Ele.me Autonavi takes over

On March 1, Alibaba Group CEO Wu Yongming issued an internal letter to all employees of Local Life Group (Autonavi, Ele.me), announcing that Yu Yongfu, chairperson of Local Life Group and CEO of Ele.me, will step down from his management position in Local Life Group at the end of Alibaba’s fiscal year (March 31). The two major businesses of Local Life Group, Ele.me and Autonavi, will have chairperson and CEO respectively. Yu Yongfu is still a partner of Alibaba. Next, he will conduct more international exploration in the form of investment based on the eWTP fund, and provide more strategic support for the business. (LatePost)

Ant Group: Will continue to improve the level of payment services and welcome global friends to China

According to the official Weibo of Ant Group, today, at the optimization of payment services held by the People’s Bank of China, Ant Group Chairperson and CEO Jing Xiandong said that Ant Group actively responded to the implementation of the relevant decisions of the Party Central Committee and the State Council, and continued to improve the level of payment services under the support and guidance of the People’s Bank of China and the State Administration of Foreign Exchange.

Alibaba Cloud Liu Weiguang: Technology dividends continue to be released, and price reduction is a long-term strategic choice

On February 29, Alibaba Cloud announced the largest price reduction in history. The price of more than 100 products and more than 500 product specifications on the official website was reduced by an average of 20%, with a maximum decrease of 55%. The new price will take effect immediately. The reporter confirmed from Alibaba Cloud that this is the largest range of participating products in Alibaba Cloud’s history, the widest beneficiary group, and the unfulfilled part of the customer’s stock order for the first time. Liu Weiguang, senior vice president of Alibaba Cloud Intelligence Group and president of Public Cloud Division, said that Alibaba Cloud’s price reduction is not a short-term market competition behavior, but a long-term strategic choice. (Shanghai Securities News)

Alibaba Cloud cuts prices across the board by 20%

On February 29, Alibaba Cloud lowered the price of the official website of cloud products across the board, with an average price reduction of more than 20% and a maximum reduction of 55%. This is the largest price reduction in the history of Alibaba Cloud, involving more than 100 products and more than 500 product specifications, covering all core products such as computing, storage, database, etc. Millions of new and old customers can directly benefit from this price reduction. After the price reduction, the price of Alibaba Cloud core products has broken through the lowest price on the whole network. (Sina Technology)

Ant Group Launches Multimodal Remote Sensing Model SkySense

Ant Group launched 2 billion parameter multimodal remote sensing basic model SkySense. Official data show that SkySense has exceeded international congeneric products in 17 test scenarios. SkySense can be used for landform, crop observation and interpretation, etc., to assist agricultural production and operation. At present, the results have been applied to Alipay Wufu Festival AI large-scale interaction, ant medical digital people and other scenarios. (36Kr)

Alibaba’s South Asian e-commerce platform Daraz announced layoffs

Daraz Group, Alibaba’s South Asian ecommerce platform, announced job cuts across the group on February 27 to "adopt a leaner and more flexible structure", according to an internal memo cited by Reuters. The document did not mention the number of people affected by the layoffs.

Taotian responded to Taote merchants, and the products will be migrated back to Taobao: the full service of handao will be increased, and the original market users of Taote will be increased.

It has been reported that Taote’s last assets – merchants and products on the platform are about to be moved back to Taobao. In response, Taote said that Taote continues to develop, while increasing the full supply of handtao to serve the original market users of Taote. According to reports, it has been reported that in the future, the main business position of Taote merchants will be transferred to Taobao, and the products will retain various data labels such as sales volume and evaluation. In February 2024, some Taote merchants have been notified and are conducting migration tests one after another to optimize more details. (Sina Technology)

Taote merchants and products are about to move back to Taobao Taote and fade out of the historical stage

Taote’s last asset – merchants and products on the platform are about to move back to Taobao. In the future, the main business position of Taote merchants will be transferred to Taobao, and the products will retain various data labels such as sales volume and evaluation. In February 2024, some Taote merchants have been notified and are conducting migration tests one after another to optimize more details. Taotian employees who know the inside story said that Taote’s merchants and products will gradually move back to Taobao on a large scale. Taote’s gradual return to Taobao began in 2023, and the whole process lasted for a year. (LatePost)

[Hong Kong Stock Rating]

On February 29, Guosen Securities gave Alibaba-SW a buy rating with a target price of 95.0000 to 103.0000 Hong Kong dollars.

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