Streetbeat News

Partnerships

TIGR

UP Fintech Holding Limited (NASDAQ:TIGR), a leading online brokerage, announced its Hong Kong subsidiary, Tiger Brokers (HK) Global Limited, received a Type 9 license from the SFC to provide asset management services. This license allows TBHK to offer discretionary account services to retail and professional investors, and asset management for collective investment schemes to professional investors. TBHK plans to leverage a seasoned investment team for tactical asset allocation and long-term value investing, aiming to facilitate wealth accumulation through a user-friendly platform.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:05 am

HYW

Hywin Holdings Ltd. (NASDAQ:HYW) announced a strategic business transformation, shifting focus from traditional wealth management to public market funds, NAV-based products, and insurance brokerage services. The company plans to exit the distribution of asset-backed products, historically tied to real estate, due to adverse market conditions. Hywin aims to diversify income by developing health management services and expanding into consumer industries. The transformation includes a structural reorganization, eliminating around 300 positions, and the resignation of two senior executives effective March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:04 am

BX

FDX

QCOM

China's President Xi Jinping met with American business leaders from companies including Blackstone Inc (BX), FedEx Corp (FDX), and Qualcomm Inc (QCOM) in Beijing to discuss rekindling foreign investment interests amid a decline in foreign direct investment into China. The meeting, organized by the National Committee on U.S.-China Relations, the U.S.-China Business Council, and the Asia Society think tank, aims to mend China-US business ties in the face of regulatory concerns and a challenging global order.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 8:59 am

BX

FDX

QCOM

China's President Xi Jinping recently met with several US executives, including the founder of Blackstone, the President of FedEx, and the President of Qualcomm, as reported by Reuters. This meeting, covered by state media, signifies potential strengthening of business ties between China and these US-based companies.

Portfolio Pulse from Charles Gross

March 27, 2024 | 8:59 am

HYMTF

Kia Corporation, an affiliate of Hyundai Motor (OTCPK: HYMTF), has appointed renowned auto designers Oliver Samson and Seungmo Lim as Senior Chief Designers for its Europe and China Design Centers, respectively. Both designers have extensive experience with leading automakers, including Mercedes, Geely, Nio Inc, Changan Automobile, and BMW. Their recruitment is part of Kia's strategy to elevate its electric vehicle (EV) design, focusing on the development of smaller, more affordable EVs like the EV5, EV4, and EV3, priced between $35,000 and $50,000.

Portfolio Pulse from Anan Ashraf

March 27, 2024 | 8:49 am

TSLA

Elon Musk supports Marc Andreessen's call for accountability in the tech industry regarding the funding of controversial activist causes. Musk's endorsement on X highlights the need for tech leaders to scrutinize their support for activism that has led to negative outcomes. This stance aligns with Andreessen's criticism of major tech figures and suggests a shared concern for the ethical implications of tech industry funding.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 8:28 am

CTSH

Cognizant has renewed its collaboration with Pon IT to continue providing managed services for cloud platforms, aiming to enhance agility, intuition, and innovation for Pon IT and its operating companies.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 8:06 am

AMZN

EL

Clinique, a subsidiary of Estee Lauder Companies Inc. (EL), has expanded its US market presence by launching its products in Amazon's Premium Beauty Store. This move aims to leverage Amazon's vast customer base and distribution network to increase Clinique's product accessibility and sales.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 7:04 am

ARQQ

Vayana TradeXchange has announced a partnership with Arqit Quantum Inc. to revolutionize trade finance through the implementation of TradeSecure™ technology. This collaboration aims to enhance the security and efficiency of trade finance transactions by leveraging Arqit's quantum encryption technology.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 5:46 am

HOOD

Robinhood Markets (NASDAQ:HOOD) announced significant updates in its first-ever keynote, including a comprehensive app overhaul, enhancements to Gold membership, and the introduction of a Gold Credit card. These updates aim to improve user experience and expand Robinhood's services. The company also revealed a partnership with Visa, though details were sparse. Amid these strategic moves, Robinhood's stock has seen a 50% increase year-to-date.

Portfolio Pulse from kaustubh@benzinga.com

March 27, 2024 | 5:10 am