NIKKEI 225
38,895.25 +278.15 (+0.72%) HANG SENG
18,877.63 -317.97 (-1.66%) CRUDE OIL
76.96 -0.61 (-0.79%) GOLD FUTURES
2,373.60 -19.30 (-0.81%) DOW
39,671.04 -201.95 (-0.51%) Bitcoin GBP
54,568.30 -445.07 (-0.81%)
BABA May 2024 87.000 put
| Previous close | 1.1600 |
| Open | 0.5400 |
| Bid | 0.0000 |
| Ask | 0.0100 |
| Strike | 87.00 |
| Expiry date | 2024-05-17 |
| Day's range | 0.0100 - 0.6600 |
| Contract range | N/A |
| Volume | |
| Open interest | 2.09k |
BenzingaAlibaba Rival PDD's Explosive Growth Continues, Revenue More Than Doubles
PDD Holdings Inc (NASDAQ:PDD) reported fiscal first-quarter 2024 revenue growth of 131% year-on-year to $12.02 billion (86.81 billion Chinese yuan), beating the analyst consensus estimate of $10.65 billion. The Chinese online retailer’s adjusted earnings per ADS of $2.83 (CNY20.72) increased from CNY6.92 Y/Y, beating the analyst consensus estimate of $1.42. Revenues from online marketing services and others rose 56% Y/Y to $5.88 billion. Also Read: Why Are Chinese Stocks Including Baidu, JD And
South China Morning PostChina's 618 shopping festival: Alibaba touts early sales after withholding data last year, a sign of brighter outlook
Alibaba Group Holding and other e-commerce operators have released encouraging early sales data from their midyear 618 promotions - China's biggest shopping season after Singles' Day, and a bellwether of consumer sentiment in the world's second-largest economy. Four hours after Alibaba's Taobao and Tmall shopping platforms launched their sales event at 8pm on Monday, 59 brands each saw their gross merchandise value (GMV) - the value of goods sold - surpass 100 million yuan (US$13.8 million), whi
FortuneThe race to lead China’s AI sector heats up as ByteDance, Alibaba and Baidu offer their models at rock-bottom prices
China's AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition.
