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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
·
2022-06-24
Nice
Why Alibaba, Nio, Chinese Peers Are Trading Higher in Hong Kong Today
Shares of major U.S.-listed Chinese companies inched higher in Hong Kong on Friday, with Alibaba Gro
Why Alibaba, Nio, Chinese Peers Are Trading Higher in Hong Kong Today
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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
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2022-06-24
Good
Sorry, this post has been deleted
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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
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2022-06-24
🙏🏻
Alibaba: Got Rejected By The Sellers Convincingly Again
SummaryThis is a dedicated price action analysis of Alibaba stock. We observed another bull trap for
Alibaba: Got Rejected By The Sellers Convincingly Again
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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
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2022-06-23
$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$
😔
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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
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2022-06-22
Please 🙏🏻
Alibaba: Is the Worst Over?
Story HighlightsThe easing of regulatory headwinds and COVID-led restrictions will likely support Al
Alibaba: Is the Worst Over?
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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
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2022-06-22
$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$
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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
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2022-06-22
🙏🏻
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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
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2022-06-17
🙏🏻🙏🏻🙏🏻
China's Central Bank Accepts Ant's Application for Financial Holding Company- Sources
HONG KONG, June 17 (Reuters) - China's central bank has accepted Ant Group's application to set up a
China's Central Bank Accepts Ant's Application for Financial Holding Company- Sources
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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
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2022-06-15
$XIAOMI-W(01810)$
break even soonnnn , Jiayou
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Everythingibuygoesupppwinbigbig
Everythingibuygoesupppwinbigbig
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2022-06-15
$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$
should I average down ?
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Gro","content":"<html><head></head><body><p>Shares of major U.S.-listed Chinese companies inched higher in Hong Kong on Friday, with <a href=\"https://laohu8.com/S/BABA\">Alibaba Group Holdings</a> stock surging 5.74%, other tech giants like <a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>, <a href=\"https://laohu8.com/S/09888\">Baidu Inc</a>, and <a href=\"https://laohu8.com/S/09618\">JD.com IncJ</a> gaining at least a percent.</p><p><img src=\"https://static.tigerbbs.com/5450c38180a6ec09ab3fcc2b3f19f65f\" tg-width=\"974\" tg-height=\"667\" width=\"100%\" height=\"auto\"/></p><p>In the electric vehicle segment, <a href=\"https://laohu8.com/S/09868\">Xpeng Inc</a> led the rally with 9.29% gains, while <a href=\"https://laohu8.com/S/02015\">Li Auto Inc</a> and <a href=\"https://laohu8.com/S/09866\">Nio Inc</a> also traded in the green.</p><p><img src=\"https://static.tigerbbs.com/491fb3794a2e29482dda514d06321f82\" tg-width=\"966\" tg-height=\"667\" width=\"100%\" height=\"auto\"/>Shares of these Chinese companies ended on a similar note in the U.S. markets overnight.</p><p>Global Markets Recap: At press time, the benchmark Hang Seng Index was trading 1.71% higher, deriving cues from global markets.</p><p>In the U.S., the Dow Jones index closed 0.64% higher after another bumpy session.</p><p>Elsewhere, Shanghai's SSE Composite Index gained 0.52%, Singapore's SGX Nifty was up 0.64%, while Japan's Nikkei 225 inched 0.73% higher.</p><p><b>Macro Factors:</b> U.S. Federal Reserve Chairman Jerome Powell warned that rapidly rising interest rates threatened a recession. Powell also told Congress that policymakers would move aggressively to fight inflation but said the U.S. economy is "well-positioned" to handle rate hikes.</p><p>China's state television CCTV, citing a State Council meeting chaired by Premier Li Keqiang, reported that the government is considering extending exemptions by about 200 billion yuan ($30 billion).</p><p>The report added that policies such as waiving taxes would bolster demand for new energy vehicles and stimulate the used-car market.</p><p><b>Company In News:</b> <b>JPMorgan</b> is doubling down on Alibaba, JD, and other Chinese techstocks amid easing regulatory crackdown, valuation, and supportive macroeconomic policy measures that pose positive catalysts for these stocks.</p><p>German automaker <b>BMW</b> has started productionat a new $2.24 billion electric vehicle plant in Shenyang, China, as it looks to take on <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a>, Nio, and other fast-growing local EV rivals.</p><p>Two and a half years after its first vehicle delivery, XPeng has reached the milestone of200,000 vehicle deliveries.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Alibaba, Nio, Chinese Peers Are Trading Higher in Hong Kong Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Alibaba, Nio, Chinese Peers Are Trading Higher in Hong Kong Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-06-24 13:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of major U.S.-listed Chinese companies inched higher in Hong Kong on Friday, with <a href=\"https://laohu8.com/S/BABA\">Alibaba Group Holdings</a> stock surging 5.74%, other tech giants like <a href=\"https://laohu8.com/S/00700\">Tencent Holdings</a>, <a href=\"https://laohu8.com/S/09888\">Baidu Inc</a>, and <a href=\"https://laohu8.com/S/09618\">JD.com IncJ</a> gaining at least a percent.</p><p><img src=\"https://static.tigerbbs.com/5450c38180a6ec09ab3fcc2b3f19f65f\" tg-width=\"974\" tg-height=\"667\" width=\"100%\" height=\"auto\"/></p><p>In the electric vehicle segment, <a href=\"https://laohu8.com/S/09868\">Xpeng Inc</a> led the rally with 9.29% gains, while <a href=\"https://laohu8.com/S/02015\">Li Auto Inc</a> and <a href=\"https://laohu8.com/S/09866\">Nio Inc</a> also traded in the green.</p><p><img src=\"https://static.tigerbbs.com/491fb3794a2e29482dda514d06321f82\" tg-width=\"966\" tg-height=\"667\" width=\"100%\" height=\"auto\"/>Shares of these Chinese companies ended on a similar note in the U.S. markets overnight.</p><p>Global Markets Recap: At press time, the benchmark Hang Seng Index was trading 1.71% higher, deriving cues from global markets.</p><p>In the U.S., the Dow Jones index closed 0.64% higher after another bumpy session.</p><p>Elsewhere, Shanghai's SSE Composite Index gained 0.52%, Singapore's SGX Nifty was up 0.64%, while Japan's Nikkei 225 inched 0.73% higher.</p><p><b>Macro Factors:</b> U.S. Federal Reserve Chairman Jerome Powell warned that rapidly rising interest rates threatened a recession. Powell also told Congress that policymakers would move aggressively to fight inflation but said the U.S. economy is "well-positioned" to handle rate hikes.</p><p>China's state television CCTV, citing a State Council meeting chaired by Premier Li Keqiang, reported that the government is considering extending exemptions by about 200 billion yuan ($30 billion).</p><p>The report added that policies such as waiving taxes would bolster demand for new energy vehicles and stimulate the used-car market.</p><p><b>Company In News:</b> <b>JPMorgan</b> is doubling down on Alibaba, JD, and other Chinese techstocks amid easing regulatory crackdown, valuation, and supportive macroeconomic policy measures that pose positive catalysts for these stocks.</p><p>German automaker <b>BMW</b> has started productionat a new $2.24 billion electric vehicle plant in Shenyang, China, as it looks to take on <a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a>, Nio, and other fast-growing local EV rivals.</p><p>Two and a half years after its first vehicle delivery, XPeng has reached the milestone of200,000 vehicle deliveries.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09888":"百度集团-SW","02015":"理想汽车-W","09866":"蔚来-SW","00700":"腾讯控股","09988":"阿里巴巴-W","09868":"小鹏汽车-W"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133394604","content_text":"Shares of major U.S.-listed Chinese companies inched higher in Hong Kong on Friday, with Alibaba Group Holdings stock surging 5.74%, other tech giants like Tencent Holdings, Baidu Inc, and JD.com IncJ gaining at least a percent.In the electric vehicle segment, Xpeng Inc led the rally with 9.29% gains, while Li Auto Inc and Nio Inc also traded in the green.Shares of these Chinese companies ended on a similar note in the U.S. markets overnight.Global Markets Recap: At press time, the benchmark Hang Seng Index was trading 1.71% higher, deriving cues from global markets.In the U.S., the Dow Jones index closed 0.64% higher after another bumpy session.Elsewhere, Shanghai's SSE Composite Index gained 0.52%, Singapore's SGX Nifty was up 0.64%, while Japan's Nikkei 225 inched 0.73% higher.Macro Factors: U.S. Federal Reserve Chairman Jerome Powell warned that rapidly rising interest rates threatened a recession. Powell also told Congress that policymakers would move aggressively to fight inflation but said the U.S. economy is \"well-positioned\" to handle rate hikes.China's state television CCTV, citing a State Council meeting chaired by Premier Li Keqiang, reported that the government is considering extending exemptions by about 200 billion yuan ($30 billion).The report added that policies such as waiving taxes would bolster demand for new energy vehicles and stimulate the used-car market.Company In News: JPMorgan is doubling down on Alibaba, JD, and other Chinese techstocks amid easing regulatory crackdown, valuation, and supportive macroeconomic policy measures that pose positive catalysts for these stocks.German automaker BMW has started productionat a new $2.24 billion electric vehicle plant in Shenyang, China, as it looks to take on Tesla Inc, Nio, and other fast-growing local EV rivals.Two and a half years after its first vehicle delivery, XPeng has reached the milestone of200,000 vehicle deliveries.","news_type":1,"symbols_score_info":{"02015":0.9,"00700":0.9,"09866":0.9,"09868":0.9,"09888":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":1651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041827439,"gmtCreate":1656034739921,"gmtModify":1676535755442,"author":{"id":"3559086518230868","authorId":"3559086518230868","name":"Everythingibuygoesupppwinbigbig","avatar":"https://static.tigerbbs.com/9d617261b5761f846aa77f568df27373","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559086518230868","idStr":"3559086518230868"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041827439","repostId":"1103591580","repostType":4,"isVote":1,"tweetType":1,"viewCount":2649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041827011,"gmtCreate":1656034685733,"gmtModify":1676535755425,"author":{"id":"3559086518230868","authorId":"3559086518230868","name":"Everythingibuygoesupppwinbigbig","avatar":"https://static.tigerbbs.com/9d617261b5761f846aa77f568df27373","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559086518230868","idStr":"3559086518230868"},"themes":[],"htmlText":"🙏🏻","listText":"🙏🏻","text":"🙏🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041827011","repostId":"1197783577","repostType":2,"repost":{"id":"1197783577","kind":"news","pubTimestamp":1655866485,"share":"https://ttm.financial/m/news/1197783577?lang=&edition=fundamental","pubTime":"2022-06-22 10:54","market":"us","language":"en","title":"Alibaba: Got Rejected By The Sellers Convincingly Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1197783577","media":"Seeking Alpha","summary":"SummaryThis is a dedicated price action analysis of Alibaba stock. We observed another bull trap for","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>This is a dedicated price action analysis of Alibaba stock. We observed another bull trap formed in June, as the market rejected buying momentum at its near-term resistance again.</li><li>BABA hit our near-term price target of $120, allowing us to take profit and cut 50% of our exposure. Notably, the bull trap price action is not constructive.</li><li>Our reverse cash flow valuation model indicates that the market is asking for a higher yield and hurdle rate to hold BABA stock. Therefore, BABA could underperform.</li><li>Therefore, we revise our rating from Strong Buy to Hold. We urge investors to be patient and await a potential re-test of its May lows.</li></ul><p><b>Price Action Thesis</b></p><p>We follow up our post-FQ4 earnings update with a detailed price action analysis on Alibaba (NYSE:BABA) stock. As expected, BABA hit our near-term price target (PT) of $120 in early June but formed a bull trap. Therefore, we revisited our price action thesis and update readers on some significant developments.</p><p>Accordingly, it's increasingly clear that BABA stock has faced stiff selling pressure at the $120 level. Notwithstanding, its March capitulation levels have held firmly, which bodes well for longer-term recovery in momentum.</p><p>However, we must emphasize that we have not observed a significant bear trap price action that could indicate a sustained reversal in its bearish bias. Therefore, the market has been very astute in using positive news in Alibaba over the past three months, drawing in dip buyers rapidly toward the $120 resistance before creating those bull traps.</p><p>Our price action analysis indicates a possible re-test of May lows before the next leg higher. But, we don't expect a breakdown of March lows for now.</p><p>We also revisited our valuation analysis and tried to model the market's perception of BABA valuation. Our reverse cash flow model indicates that the market could be asking for a higher hurdle rate and a higher free cash flow (FCF) yield, given its risks. Therefore, BABA stock could continue to underperform, as seen by the bull traps at its near-term resistance.</p><p>Therefore, we revise our rating from Strong Buy to Hold as we await a re-test of its May lows. We will reassess our rating if we observe a double bottom bear trap or constructive price action signals close to its near-term support.</p><p>Another Bull Trap impeded BABA's Recovery in June<img src=\"https://static.tigerbbs.com/8a38f8b8d3f2d39c945f5d135adf0db9\" tg-width=\"640\" tg-height=\"340\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>BABA price chart (weekly) (TradingView)</p><p>On our weekly chart, we can corral the two significant bull traps that formed at the $120 near-term resistance level in March and June. Therefore, we hope investors have used our previous short-term PT to take profit and loosen their exposure. We have also cut 50% of our exposure at our near-term PT (using automated sell-limit orders).</p><p>However, we didn't expect a bull trap to form again so soon at its near-term resistance. As a result, we believe that BABA could continue trading at a range below the $120 level. Therefore, we think it's apt to rescind our medium-term PT of $160 given the price action developments.</p><p>Given the bull trap, we expect the price to retrace further to re-test its May lows. However, it's still too early to observe whether the May lows could hold. Notably, we expect to see a bear trap price action trigger at its May lows to inform us of a potential reversal in its bearish bias. Therefore, we urge investors to pay attention to the upcoming re-test.</p><p><b>BABA Stock Valuation Could Face Challenges</b></p><p><img src=\"https://static.tigerbbs.com/9dc8496ab64ce4d862de8c469b0d0c4c\" tg-width=\"527\" tg-height=\"318\" width=\"100%\" height=\"auto\"/><i>BABA stock reverse cash flow valuation model. Data source: S&P Cap IQ, author</i></p><p>The market's bull trap in June highlighted its lack of confidence in BABA stock. Therefore, we revisited our models and checked on the updated consensus estimates.</p><p>We noticed that its FCF estimates had been marked down significantly as the Street factored in macro headwinds and weaker consumer spending. Consequently, it affects Alibaba's FCF profitability and our previous valuation analysis.</p><p>Therefore, we updated our model with a reverse cash flow valuation analysis. We used a hurdle rate slightly above the Invesco QQQ ETF's (QQQ) 5Y CAGR of 14.7%. We believe it's the minimum we require to take risks investing in Alibaba. We also used a slightly higher than average FCF yield of 4.75% (but below its current NTM FCF yield of 6.02%).</p><p>Finally, using a blended FCF margin of 12.1%, we require Alibaba to post a TTM revenue of CNY1,474.91B by CQ2'26. The revised consensus estimates indicate that Alibaba could deliver revenue of CNY1,167B in FY25 (ending March 2025).</p><p>Accordingly, it requires Alibaba to post a revenue CAGR of 20.6% from FY25-CQ2'26, an unlikely scenario. Therefore, we think it could explain why the market remains tentative in re-rating BABA stock above its near-term resistance.</p><p><b>Is BABA Stock A Buy, Sell, Or Hold?</b></p><p><i>We revise our rating on BABA stock from Strong Buy to Hold for now</i>. We have already taken profit and cut 50% of our exposure at our near-term PT of $120. Given its series of bull traps at its near-term resistance, we rescind our medium-term PT of $160.</p><p>Our valuation analysis also indicates that the market doesn't expect to re-rate BABA higher anytime soon. Therefore, investors should avoid adding anywhere near its near-term resistance.</p><p>Notwithstanding, we urge investors to be patient and let the bull trap price action play out before adding exposure. We are awaiting a re-test of its May lows but will continue to monitor its price action closely.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: Got Rejected By The Sellers Convincingly Again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Got Rejected By The Sellers Convincingly Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-22 10:54 GMT+8 <a href=https://seekingalpha.com/article/4519583-alibaba-baba-stock-got-rejected-by-sellers?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThis is a dedicated price action analysis of Alibaba stock. We observed another bull trap formed in June, as the market rejected buying momentum at its near-term resistance again.BABA hit our ...</p>\n\n<a href=\"https://seekingalpha.com/article/4519583-alibaba-baba-stock-got-rejected-by-sellers?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4519583-alibaba-baba-stock-got-rejected-by-sellers?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197783577","content_text":"SummaryThis is a dedicated price action analysis of Alibaba stock. We observed another bull trap formed in June, as the market rejected buying momentum at its near-term resistance again.BABA hit our near-term price target of $120, allowing us to take profit and cut 50% of our exposure. Notably, the bull trap price action is not constructive.Our reverse cash flow valuation model indicates that the market is asking for a higher yield and hurdle rate to hold BABA stock. Therefore, BABA could underperform.Therefore, we revise our rating from Strong Buy to Hold. We urge investors to be patient and await a potential re-test of its May lows.Price Action ThesisWe follow up our post-FQ4 earnings update with a detailed price action analysis on Alibaba (NYSE:BABA) stock. As expected, BABA hit our near-term price target (PT) of $120 in early June but formed a bull trap. Therefore, we revisited our price action thesis and update readers on some significant developments.Accordingly, it's increasingly clear that BABA stock has faced stiff selling pressure at the $120 level. Notwithstanding, its March capitulation levels have held firmly, which bodes well for longer-term recovery in momentum.However, we must emphasize that we have not observed a significant bear trap price action that could indicate a sustained reversal in its bearish bias. Therefore, the market has been very astute in using positive news in Alibaba over the past three months, drawing in dip buyers rapidly toward the $120 resistance before creating those bull traps.Our price action analysis indicates a possible re-test of May lows before the next leg higher. But, we don't expect a breakdown of March lows for now.We also revisited our valuation analysis and tried to model the market's perception of BABA valuation. Our reverse cash flow model indicates that the market could be asking for a higher hurdle rate and a higher free cash flow (FCF) yield, given its risks. Therefore, BABA stock could continue to underperform, as seen by the bull traps at its near-term resistance.Therefore, we revise our rating from Strong Buy to Hold as we await a re-test of its May lows. We will reassess our rating if we observe a double bottom bear trap or constructive price action signals close to its near-term support.Another Bull Trap impeded BABA's Recovery in JuneBABA price chart (weekly) (TradingView)On our weekly chart, we can corral the two significant bull traps that formed at the $120 near-term resistance level in March and June. Therefore, we hope investors have used our previous short-term PT to take profit and loosen their exposure. We have also cut 50% of our exposure at our near-term PT (using automated sell-limit orders).However, we didn't expect a bull trap to form again so soon at its near-term resistance. As a result, we believe that BABA could continue trading at a range below the $120 level. Therefore, we think it's apt to rescind our medium-term PT of $160 given the price action developments.Given the bull trap, we expect the price to retrace further to re-test its May lows. However, it's still too early to observe whether the May lows could hold. Notably, we expect to see a bear trap price action trigger at its May lows to inform us of a potential reversal in its bearish bias. Therefore, we urge investors to pay attention to the upcoming re-test.BABA Stock Valuation Could Face ChallengesBABA stock reverse cash flow valuation model. Data source: S&P Cap IQ, authorThe market's bull trap in June highlighted its lack of confidence in BABA stock. Therefore, we revisited our models and checked on the updated consensus estimates.We noticed that its FCF estimates had been marked down significantly as the Street factored in macro headwinds and weaker consumer spending. Consequently, it affects Alibaba's FCF profitability and our previous valuation analysis.Therefore, we updated our model with a reverse cash flow valuation analysis. We used a hurdle rate slightly above the Invesco QQQ ETF's (QQQ) 5Y CAGR of 14.7%. We believe it's the minimum we require to take risks investing in Alibaba. We also used a slightly higher than average FCF yield of 4.75% (but below its current NTM FCF yield of 6.02%).Finally, using a blended FCF margin of 12.1%, we require Alibaba to post a TTM revenue of CNY1,474.91B by CQ2'26. The revised consensus estimates indicate that Alibaba could deliver revenue of CNY1,167B in FY25 (ending March 2025).Accordingly, it requires Alibaba to post a revenue CAGR of 20.6% from FY25-CQ2'26, an unlikely scenario. Therefore, we think it could explain why the market remains tentative in re-rating BABA stock above its near-term resistance.Is BABA Stock A Buy, Sell, Or Hold?We revise our rating on BABA stock from Strong Buy to Hold for now. We have already taken profit and cut 50% of our exposure at our near-term PT of $120. Given its series of bull traps at its near-term resistance, we rescind our medium-term PT of $160.Our valuation analysis also indicates that the market doesn't expect to re-rate BABA higher anytime soon. Therefore, investors should avoid adding anywhere near its near-term resistance.Notwithstanding, we urge investors to be patient and let the bull trap price action play out before adding exposure. We are awaiting a re-test of its May lows but will continue to monitor its price action closely.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":1637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041951503,"gmtCreate":1655998129902,"gmtModify":1676535747851,"author":{"id":"3559086518230868","authorId":"3559086518230868","name":"Everythingibuygoesupppwinbigbig","avatar":"https://static.tigerbbs.com/9d617261b5761f846aa77f568df27373","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559086518230868","idStr":"3559086518230868"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>😔","listText":"<a href=\"https://ttm.financial/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>😔","text":"$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$😔","images":[{"img":"https://community-static.tradeup.com/news/fd1705e7801651bcd65f71e7c78d8022","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041951503","isVote":1,"tweetType":1,"viewCount":1474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9043874208,"gmtCreate":1655910850504,"gmtModify":1676535730496,"author":{"id":"3559086518230868","authorId":"3559086518230868","name":"Everythingibuygoesupppwinbigbig","avatar":"https://static.tigerbbs.com/9d617261b5761f846aa77f568df27373","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559086518230868","idStr":"3559086518230868"},"themes":[],"htmlText":"Please 🙏🏻","listText":"Please 🙏🏻","text":"Please 🙏🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043874208","repostId":"1115890604","repostType":4,"repost":{"id":"1115890604","kind":"news","pubTimestamp":1655908893,"share":"https://ttm.financial/m/news/1115890604?lang=&edition=fundamental","pubTime":"2022-06-22 22:41","market":"hk","language":"en","title":"Alibaba: Is the Worst Over?","url":"https://stock-news.laohu8.com/highlight/detail?id=1115890604","media":"TipRanks","summary":"Story HighlightsThe easing of regulatory headwinds and COVID-led restrictions will likely support Al","content":"<div>\n<p>Story HighlightsThe easing of regulatory headwinds and COVID-led restrictions will likely support Alibaba’s growth. However, macro uncertainty and softness in the cloud business are a drag.The macro ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/alibaba-is-the-worst-over/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: Is the Worst Over?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Is the Worst Over?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-22 22:41 GMT+8 <a href=https://www.tipranks.com/news/article/alibaba-is-the-worst-over/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsThe easing of regulatory headwinds and COVID-led restrictions will likely support Alibaba’s growth. However, macro uncertainty and softness in the cloud business are a drag.The macro ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/alibaba-is-the-worst-over/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://www.tipranks.com/news/article/alibaba-is-the-worst-over/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115890604","content_text":"Story HighlightsThe easing of regulatory headwinds and COVID-led restrictions will likely support Alibaba’s growth. However, macro uncertainty and softness in the cloud business are a drag.The macro weakness in China, increased competitive activity, and COVID-led disruptions have weighed on the financial performance of internet giant Alibaba (NYSE: BABA). The company’s growth decelerated sequentially over the past several quarters.Given the challenges, Alibaba stock has dropped nearly 54% from its 52-week high. While the slowdown in growth dragged its share price lower, regulatory headwinds further contributed to its decline.What’s Next?Though BABA stock has decreased substantially, COVID-led uncertainty and the economic slowdown could restrict the recovery in the short term. However, favorable government policies and easing COVID restrictions could reaccelerate growth.During last quarter’s conference call, Alibaba’s CEO, Daniel Zhang, indicated supportive government policies. Zhang stated, “Chinese government has released important policy signals on its commitment to stabilize the economy.” Moreover, “They have also issued clear statements on promoting the development of internet platform economy through a healthy, regulatory environment.”As the operating environment shows signs of improvement, US Tiger Securities analyst Bo Pei upgraded BABA stock to Buy from Hold.Pei added, “Despite the more challenging June quarter, we are upgrading BABA to BUY as we believe both revenue and profitability will bottom out and hit a long-awaited inflection point in the quarter.”The analyst expects Alibaba’s growth to improve in the second half of this year, benefitting from easier year-over-year comparisons and government stimulus.Echoing similar sentiments, Bank of America Securities analyst Eddie Leung reiterated his Buy recommendation on BABA stock.Offering updates from its virtual Innovative Conference with Alibaba, Leung said supply bottlenecks are easing. Further, Alibaba is witnessing an improvement in demand in some product categories. However, for the cloud business, “Alibaba sees resumption of some projects delayed by the lockdowns but expects an economic slowdown and moderate traffic growth among Internet sector clients to weigh on the near-term growth.”Including Pei and Leung, Alibaba has received 16 Buy recommendations. Meanwhile, two analysts remain sidelined.Overall, it sports a Strong Buy consensus rating on TipRanks. Further, the average Alibaba price target of $161.01 implies 51.2% upside potential.Bottom LineThe easing of regulatory headwinds and COVID-led restrictions will likely support Alibaba’s growth. Moreover, easier year-over-year comparisons are positive. However, uncertainty related to the pandemic, an expected softness in the cloud business, and a tough macro environment pose challenges.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":1902,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9043875785,"gmtCreate":1655910817547,"gmtModify":1676535730481,"author":{"id":"3559086518230868","authorId":"3559086518230868","name":"Everythingibuygoesupppwinbigbig","avatar":"https://static.tigerbbs.com/9d617261b5761f846aa77f568df27373","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559086518230868","idStr":"3559086518230868"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>😔","listText":"<a href=\"https://ttm.financial/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>😔","text":"$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$😔","images":[{"img":"https://community-static.tradeup.com/news/44f42f83a755a8686a3da78bee9bcb80","width":"1080","height":"2072"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043875785","isVote":1,"tweetType":1,"viewCount":1519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9043875373,"gmtCreate":1655910782592,"gmtModify":1676535730466,"author":{"id":"3559086518230868","authorId":"3559086518230868","name":"Everythingibuygoesupppwinbigbig","avatar":"https://static.tigerbbs.com/9d617261b5761f846aa77f568df27373","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559086518230868","idStr":"3559086518230868"},"themes":[],"htmlText":"🙏🏻","listText":"🙏🏻","text":"🙏🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9043875373","repostId":"2245821282","repostType":4,"isVote":1,"tweetType":1,"viewCount":2047,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9057332295,"gmtCreate":1655463260917,"gmtModify":1676535644580,"author":{"id":"3559086518230868","authorId":"3559086518230868","name":"Everythingibuygoesupppwinbigbig","avatar":"https://static.tigerbbs.com/9d617261b5761f846aa77f568df27373","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559086518230868","idStr":"3559086518230868"},"themes":[],"htmlText":"🙏🏻🙏🏻🙏🏻","listText":"🙏🏻🙏🏻🙏🏻","text":"🙏🏻🙏🏻🙏🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057332295","repostId":"1115493440","repostType":2,"repost":{"id":"1115493440","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1655463193,"share":"https://ttm.financial/m/news/1115493440?lang=&edition=fundamental","pubTime":"2022-06-17 18:53","market":"us","language":"en","title":"China's Central Bank Accepts Ant's Application for Financial Holding Company- Sources","url":"https://stock-news.laohu8.com/highlight/detail?id=1115493440","media":"Reuters","summary":"HONG KONG, June 17 (Reuters) - China's central bank has accepted Ant Group's application to set up a","content":"<html><head></head><body><p>HONG KONG, June 17 (Reuters) - China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma's fintech business and reviving its stock market debut.</p><p>Ant and the PBOC did not respond to Reuters requests for comment on Friday.</p><p>Although Ant has been working with financial regulators for months on a broad revamp, the central bank's agreeing to review the application signals the company could get its long-awaited license soon, said the sources, who asked not to be named due to confidentiality constraints.</p><p>Chinese authorities abruptly pulled the plug on Ant's IPO, set to raise $37 billion in the world's biggest listing, in November 2020, soon after tech billionaire founder Ma gave a speech accusing financial watchdogs of stifling innovation.</p><p>The authorities put Ant, whose businesses span payment processing, consumer lending to insurance products distribution, under the revamp.</p><p>As part of that overhaul, the PBOC in December 2020 told Reuters in a statement that Ant was drafting a plan to set up a financial holding firm and that Ant should ensure that all its financial operations were placed under regulatory supervision.</p><p>Ant had been valued as a tech firm for its IPO, but the forced change to a financial holding company will make it subject to capital requirements and regulations similar to those for banks.</p><p>Alibaba shares jumped 10% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/2d4986c984e7ac126d100948bc8eeb7c\" tg-width=\"872\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Central Bank Accepts Ant's Application for Financial Holding Company- Sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Central Bank Accepts Ant's Application for Financial Holding Company- Sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-17 18:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>HONG KONG, June 17 (Reuters) - China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma's fintech business and reviving its stock market debut.</p><p>Ant and the PBOC did not respond to Reuters requests for comment on Friday.</p><p>Although Ant has been working with financial regulators for months on a broad revamp, the central bank's agreeing to review the application signals the company could get its long-awaited license soon, said the sources, who asked not to be named due to confidentiality constraints.</p><p>Chinese authorities abruptly pulled the plug on Ant's IPO, set to raise $37 billion in the world's biggest listing, in November 2020, soon after tech billionaire founder Ma gave a speech accusing financial watchdogs of stifling innovation.</p><p>The authorities put Ant, whose businesses span payment processing, consumer lending to insurance products distribution, under the revamp.</p><p>As part of that overhaul, the PBOC in December 2020 told Reuters in a statement that Ant was drafting a plan to set up a financial holding firm and that Ant should ensure that all its financial operations were placed under regulatory supervision.</p><p>Ant had been valued as a tech firm for its IPO, but the forced change to a financial holding company will make it subject to capital requirements and regulations similar to those for banks.</p><p>Alibaba shares jumped 10% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/2d4986c984e7ac126d100948bc8eeb7c\" tg-width=\"872\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115493440","content_text":"HONG KONG, June 17 (Reuters) - China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma's fintech business and reviving its stock market debut.Ant and the PBOC did not respond to Reuters requests for comment on Friday.Although Ant has been working with financial regulators for months on a broad revamp, the central bank's agreeing to review the application signals the company could get its long-awaited license soon, said the sources, who asked not to be named due to confidentiality constraints.Chinese authorities abruptly pulled the plug on Ant's IPO, set to raise $37 billion in the world's biggest listing, in November 2020, soon after tech billionaire founder Ma gave a speech accusing financial watchdogs of stifling innovation.The authorities put Ant, whose businesses span payment processing, consumer lending to insurance products distribution, under the revamp.As part of that overhaul, the PBOC in December 2020 told Reuters in a statement that Ant was drafting a plan to set up a financial holding firm and that Ant should ensure that all its financial operations were placed under regulatory supervision.Ant had been valued as a tech firm for its IPO, but the forced change to a financial holding company will make it subject to capital requirements and regulations similar to those for banks.Alibaba shares jumped 10% in premarket trading.","news_type":1,"symbols_score_info":{"BABA":1,"09988":1}},"isVote":1,"tweetType":1,"viewCount":1481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055641452,"gmtCreate":1655269368676,"gmtModify":1676535601350,"author":{"id":"3559086518230868","authorId":"3559086518230868","name":"Everythingibuygoesupppwinbigbig","avatar":"https://static.tigerbbs.com/9d617261b5761f846aa77f568df27373","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559086518230868","idStr":"3559086518230868"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$</a>break even soonnnn , Jiayou","listText":"<a href=\"https://ttm.financial/S/01810\">$XIAOMI-W(01810)$</a>break even soonnnn , Jiayou","text":"$XIAOMI-W(01810)$break even soonnnn , Jiayou","images":[{"img":"https://community-static.tradeup.com/news/a07a5763ced21eb036543ebf99e27015","width":"1080","height":"3388"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055641452","isVote":1,"tweetType":1,"viewCount":1350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9055641813,"gmtCreate":1655269325832,"gmtModify":1676535601341,"author":{"id":"3559086518230868","authorId":"3559086518230868","name":"Everythingibuygoesupppwinbigbig","avatar":"https://static.tigerbbs.com/9d617261b5761f846aa77f568df27373","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559086518230868","idStr":"3559086518230868"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>should I average down ?","listText":"<a href=\"https://ttm.financial/S/Y92.SI\">$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$</a>should I average down ?","text":"$THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$should I average down ?","images":[{"img":"https://community-static.tradeup.com/news/c44e15088fab6a2ac7c44cb9f6632ac7","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055641813","isVote":1,"tweetType":1,"viewCount":2482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}