Tag Archives: Chinese

Pinduoduo founder Colin Huang The founder of high-flying Chinese e-commerce group Pinduoduo has stepped down unexpectedly as chairman. Colin Huang is China’s seventh richest person and is worth more than $50bn from his stake in the online firm. Mr Huang’s exit comes as Pinduoduo overtook rival tech giants JD.com and Alibaba with 788m annual active buyers on its platform last year. But his company has been criticised for its work culture following the death of two employees recently. Mr Huang will… Source link

TipRanks 3 Monster Growth Stocks That Could Reach New Highs Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. It’s become axiom, even, one of the stock phrases that we all learn about in Econ 101: ‘Past performance does not guarantee future returns’ is common formulation. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? The truth is, past is prologue, not prophet, and investors can… Source link

By Samuel Shen and Alun John SHANGHAI/HONG KONG (Reuters) – Bitcoin mania has fuelled a surge in fundraising by Chinese companies seeking to expand their cryptocurrency operations or move into the red-hot sector. From large listed companies tapping public markets to smaller players raising funds from venture capitalists, a jump in cryptocurrency prices and signs of growing acceptance of the technology by mainstream institutions have fed the market boom. Chinese bitcoin mining machine… Source link

Bloomberg Tesla Is Plugging a Secret Mega-Battery Into the Texas Grid (Bloomberg) — Elon Musk is getting into the Texas power market, with previously unrevealed construction of a gigantic battery connected to an ailing electric grid that nearly collapsed last month. The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy.A Tesla subsidiary registered as Gambit Energy Storage LLC is quietly building a more than 100 megawatt energy storage project in… Source link

While China turns to local brands of EV over Tesla, Indonesia’s natural resources show great potential for its battery manufacturing industry. Asia is starting to look like it may overtake the U.S. and Europe in the electric vehicle market as the effects of the global pandemic are steadily improving.  Consumer research carried out by CNBC suggests that Chinese consumers are primarily concerned about price and driving range when considering EVs. In 2020, despite the fall in demand in the… Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

TipRanks 3 “Strong Buy” Stocks with Over 9% Dividend Yield Markets ended 2020 on a high note, and have started 2021 on a bullish trajectory. All three major indexes have recently surged to all-time highs as investors seemingly looked beyond the pandemic and hoped for signs of a rapid recovery. Veteran strategist Edward Yardeni sees the economic recovery bringing its own slowdown with it. As the COVID vaccination program allows for further economic opening, with more people getting back to… Source link

Bloomberg China’s Three Big Telcos Slide on NYSE’s Move to Delist ADRs (Bloomberg) — China’s state-owned telecommunications companies declined in Hong Kong after the New York Stock Exchange said it’s delisting them to comply with a U.S. executive order that sanctioned companies identified as affiliated with the Chinese military.Shares of China Mobile Ltd., the largest of the three, fell as much as 4.5% on Monday to their lowest level since 2006, while China Telecom Corp. dropped 5.6%…. Source link

Benzinga Watch Out, Elon Musk. These EV Startups Are Trying To Take On Tesla With a $145.9 billion fortune at press time Elon Musk, the founder of the electric car manufacturer Tesla Inc (NASDAQ: TSLA), has added more than $100 billion to his net worth since January 2020. Tesla’s shares have been going up, beating every analyst’s expectations and common sense, while its market capitalization reached $600 billion on Dec. 7. The company is aiming to sell 500,000 battery-powered vehicles by the… Source link

In this list we are going to get you up to speed with the best way to invest in Chinese stocks with the 10 best Chinese stocks to buy now. Be it because of your admiration for the home of a certain sizeable wall or for strategic positioning, you could do worse than invest in these companies so if you’re eager – go straight ahead to our straight-to-the point version – 5 best Chinese stocks to buy now. 2020 has been a rough year for the whole world but you might remember China being in the… Source link