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PDD Holdings Inc

Chinese consumer stocks to buy even if the overall market rally fades

by Walter Watson
Chinese consumer stocks to buy even if the overall market rally fades

Almost as quickly as the China stock rally happened, several investment analysts have been swift to point out its weaknesses. “China’s recent rally was not justified by fundamentals,” Citi’s emerging …

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Alibaba founder Jack Ma re-emerges with praise of ‘transformations’

by Walter Watson
Alibaba founder Jack Ma re-emerges with praise of ‘transformations’

Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba then announced a huge reorganization of its business. Experts see the …

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Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

by Walter Watson
Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty Images Move over, …

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Nvidia stomps the bears. Jim Cramer on struggling stocks Starbucks, Abbott

by Akin Smith
Nvidia stomps the bears. Jim Cramer on struggling stocks Starbucks, Abbott

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re …

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After doubts about Alibaba’s future, co-founder Joe Tsai says: ‘We’re back’

by Walter Watson
After doubts about Alibaba’s future, co-founder Joe Tsai says: ‘We’re back’

Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid Brendan …

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Alibaba bets on overseas businesses amid sluggish growth in China

by Walter Watson
Alibaba bets on overseas businesses amid sluggish growth in China

The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Chinese tech giant Alibaba Group is …

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Temu returns to Super Bowl 58 with new commercial

by Anas Siddiqui
Temu returns to Super Bowl 58 with new commercial

Jakub Porzycki | Nurphoto | Getty Images Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl …

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China’s Temu to run second ad, $10 million giveaway

by Edgar Davis
China’s Temu to run second ad,  million giveaway

Sopa Images | Lightrocket | Getty Images Temu, the e-commerce app run by Chinese company PDD Holdings, plans to run a Super Bowl ad on Sunday, a spokesperson told CNBC, …

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Meta’s continued rally could hinge on fortunes of Temu and Shein

by Edgar Davis
Meta’s continued rally could hinge on fortunes of Temu and Shein

Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.  Shu …

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JPMorgan, Morgan Stanley share U.S.-listed picks in China internet

by Walter Watson
JPMorgan, Morgan Stanley share U.S.-listed picks in China internet

Morgan Stanley and JPMorgan named their key China internet picks and the themes to watch right now. Both Wall Street banks indicated that it will be an alpha-driven market for …

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