Streetbeat News

MPNGF

Meituan

Industry

Electronic Shopping

Open

22.10

Mkt cap

124B

Volume

777

High

22.10

P/E Ratio

42.50

52-wk high

28.08

Low

20.40

Div yield

N/A

52-wk low

7.75

Yum China Holdings Inc. (NYSE:YUMC) has seen a volatile year with a 4% YTD increase but a 17% decline over the past year. Despite a recent 27.8% rally, short-term bearish signals persist. BofA Securities raised its price target due to strong sales and strategic initiatives, but technical headwinds remain.

Portfolio Pulse from Surbhi Jain

October 16, 2024 | 6:21 pm

Alibaba's Cainiao unit launches next-day delivery in Europe, plans global e-commerce hubs. The move is part of Alibaba's strategy to expand globally and regain market share. Alibaba's stock is down 4% over the past year but shows potential for recovery with its inclusion in the Stock Connect program.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 2:30 pm

Derek Yan from KraneShares highlights China's rapid AI adoption, with major internet companies like Alibaba, Tencent, and JD.com leading the charge. U.S. investors can access these opportunities through the KraneShares Hang Seng TECH Index ETF (KTEC).

Portfolio Pulse from Surbhi Jain

September 11, 2024 | 7:16 pm

Henry Greene, Investment Strategist at KraneShares, highlights the investment opportunities in China's market, focusing on the internet and technology sectors due to low internet penetration and government support for domestic tech companies. He remains optimistic about China as an asset class despite geopolitical tensions, noting the KraneShares CSI China Internet ETF (KWEB) and its top holdings. KraneShares has also launched two ETFs, KPRO and KBUF, offering downside protection on KWEB. Greene believes China's stock market has bottomed, presenting a rare buying opportunity, especially in internet stocks and AI applications.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 5:20 pm

Alibaba Group Holding Limited (NYSE:BABA) led a rebound in Hong Kong stocks, ending a two-day decline as optimism grew from the Federal Reserve's openness to policy easing and a private survey showing China's manufacturing industry's expansion. Other tech and e-commerce companies like JD.com Inc (NASDAQ:JD), Meituan (OTC:MPNGF, OTC:MPNGY), NetEase Inc (NASDAQ:NTES), and Tencent Holding Ltd (OTC:TCEHY) also saw gains. Alibaba is exploring the sale of its InTime department store branch, indicating a strategic pivot and refocusing on core e-commerce and cloud computing sectors. Alibaba's stock increased by 1.40% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 1:13 pm

Alibaba Group Holding Limited (BABA) stock is trading lower, in line with broader indexes like iShares China Large-Cap ETF (FXI) and KraneShares CSI China Internet ETF (KWEB), due to a plunge in Hong Kong stocks to a 15-month low. Investor confidence is shaken by China's economic recovery pace and unchanged key lending rates. Chinese tech companies, the real estate sector, EV sector, and financial firms saw stock value declines. Alibaba co-founder Jack Ma expressed support for rural teachers in China. Alibaba lost its position as China's most valuable company to PDD Holdings Inc (PDD) last year, with Alibaba's stock down 42% and PDD's up 51%.

Portfolio Pulse from Anusuya Lahiri

January 22, 2024 | 1:17 pm

Alibaba Group Holding Limited (NYSE:BABA) is undergoing business restructuring, including closing its quantum computing research lab and donating the equipment to Zhejiang University. The move affects about 30 staff members and marks a shift from advanced technology research to cost-cutting. Alibaba co-founder Jack Ma has started a new venture, 'Hangzhou Ma's Kitchen Food,' focusing on pre-packaged food. Alibaba's workplace app, DingTalk, is being updated to support Huawei's HarmonyOS, with a partnership that aligns with other Chinese tech giants like JD.com Inc (NASDAQ:JD) and Meituan (OTC:MPNGF) (OTC:MPNGY) developing apps for HarmonyOS. BABA shares traded slightly lower in premarket.

Portfolio Pulse from Anusuya Lahiri

November 27, 2023 | 10:35 am

Alibaba Group Holding Limited (BABA) and Tencent Holding Ltd (TCEHY) have gained $66 billion in market value since May, driven by optimism over a return to pre-crackdown growth amid government support assurances. However, investors remain cautious due to challenges in the Chinese economy and competition from emerging companies like ByteDance Ltd and PDD Holdings Inc (PDD). Alibaba and Tencent have also faced job cuts and increased competition from rivals like Baidu, Inc (BIDU) and Meituan (OTC:MPNGF).

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 11:52 am

Alibaba Group Holding Limited (NASDAQ:BABA) stock is trading higher as China ends its regulatory overhaul and voices its desire to boost Big Tech. The National Development and Reform Commission (NDRC) praised projects by ten leading internet giants, including Alibaba, Tencent Holding Ltd (OTC:TCEHY), and Meituan (OTC:MPNGF) (OTC:MPNGY), signaling efforts to restore national economic growth. Alibaba's grocery subsidiary Freshippo revealed its largest wholly-automatic supply chain center in Shanghai and is preparing for an IPO in Hong Kong by 2024.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 11:51 am

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