PDD Aug 2024 190.000 call
| Previous close | 0.8200 |
| Open | 0.8500 |
| Bid | 0.6700 |
| Ask | 0.7200 |
| Strike | 190.00 |
| Expiry date | 2024-08-16 |
| Day's range | 0.6700 - 0.8500 |
| Contract range | N/A |
| Volume | |
| Open interest | 8.12k |
South China Morning PostPDD Holdings' Colin Huang and ByteDance's Zhang Yiming top China's tech rich list
Colin Huang Zheng, the 44-year-old founder of PDD Holdings, and Zhang Yiming, the 41-year-old founder of ByteDance, are the richest tech entrepreneurs in China, according to a list published by Chinese magazine New Fortune on Wednesday. Huang, whose wealth is largely derived from the popularity of budget e-commerce platforms Pinduoduo and Temu, has a personal wealth of 425 billion yuan (US$59 billion), followed by Zhang, whose 21 per cent stake in TikTok's parent company gives him a personal net
Investor's Business DailyDow Jones Futures Rise With Federal Reserve, CPI Inflation Due; EU Hikes Tariffs On Chinese EVs
The Federal Reserve meeting and CPI inflation loom. Oracle soared overnight while the EU hiked tariffs on Chinese EVs.
ReutersChina's discount wars risk cementing frugal consumer mindset
SHANGHAI (Reuters) -An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy. From coffee to cars to clothes, China's discount retailers have cut prices on just about everything as they chase a consumer whose confidence has been battered by a property crisis, high unemployment and a gloomy economic outlook. "If this situation continues, China may end up with what we call a vicious cycle: lower value added consumption, deflation, low profit rates leading to low wages, which further pushes consumers to downgrade their consumption," said He-Ling Shi, an economics professor at Monash University in Melbourne.
