Actively managed fund provides deeply researched exposure to the China growth story without compromising U.S. national security, values or economic and technological leadership Core Values Alpha (CVA), a product of PowerFunds, an affiliate of MSA Capital, one of the most decorated China-focused investment teams, is today launching its first Exchange Traded Fund (ETF): the Core Values Alpha Greater China Growth ETF (CGRO). CGRO is actively managed and a first-of-its-kind fund in a number of ways, particularly with regard to its underlying philosophy, which approaches China investing through an "America-first" lens. "Savvy investors understand that China's market fundamentals remain str

Trip.com Group Limited (NASDAQ:TCOM) shares are trading lower after the company announced a proposed offering of $1.3 billion of convertible senior notes. The convertible senior notes will mature on June 15, 2029, unless repurchased, redeemed, or converted per their terms before such date.  The holders of the note have the right to demand that the company buy back all or a portion of their notes for cash on June 15, 2027, or upon the occurrence of certain fundamental changes. The company intends to use the net proceeds from the Notes offering to repay existing financial debt, expand its overseas operations, and meet working capital requirements. Simultaneously with the pricing of

Alibaba Group Holding Ltd’s (NYSE:BABA) 618 shopping festival shows strong momentum, according to preliminary data from Taobao and Tmall platforms. As of May 31, 185 brands, including Apple Inc (NASDAQ:AAPL), Xiaomi Corp (OTC:XIACF) (OTC:XIACY), and Huawei Technologies Co, each achieved over 100 million yuan in gross merchandise value, SCMP reports. Additionally, 37,000 brands doubled their sales compared to last year. Also Read: Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea As co-founder and chairman Joe Tsai stated, this positive trend supports Alibaba’s goal of returning to double-digit revenue growth by 2027. Tsai expressed confidenc

Alibaba Group Holding Ltd (NYSE:BABA) is eyeing a convertible bond sale to raise close to $5 billion, taking a cue from rival JD.Com, Inc’s (NASDAQ: JD) move this week. Both stocks are trading lower on Thursday. Alibaba discussed bond sales with investment banks. These bonds can be converted into US-listed stock to fund share repurchases and growth. An offering could come by this week, Bloomberg cites familiar sources. Also Read: Alibaba Rival PDD’s Explosive Growth Continues, Revenue More Than Doubles Alibaba seeks funds to invest in its commerce and cloud businesses, both of which lost market share during the domestic regulatory crackdown. The company remains engaged in a price

MINISO Group Holding Limited (NYSE:MNSO) shares are trading lower after the company reported third-quarter results. Quarterly revenue of $515.70 million missed the analyst consensus of $597.22 million. Revenues soared 26.0% Y/Y, led by a 19.3% increase in the average store count and around 9% same-store sales growth on a group level. The third quarter’s gross profit was $223.9 million, representing an increase of 39.1% Y/Y. Gross margin was 43.4%, compared to 39.3% in the same period last year. Adjusted net profit in the quarter under review was $85.4 million, representing an increase of 27.7% Y/Y. Adjusted net margin was 16.6%, compared to 16.4% in the year-ago period. Adjusted

Alibaba Group Holding Limited (NYSE:BABA) uses its cloud computing resources to support China’s generative AI start-ups, providing them with credits instead of traditional cash-for-equity investments.  The strategy aims to establish the e-commerce giant as a leader in the AI sector, similar to Microsoft Corp’s (NASDAQ:MSFT) approach with OpenAI, the Financial Times reports. The company has invested in several prominent start-ups, such as Moonshot, Zhipu, MiniMax, and 01.ai, developing local versions of popular U.S. applications like ChatGPT.  Also Read: Alibaba’s To Overhaul Taobao In Strategic Move to Reclaim E-commerce Dominance Despite sluggish growth since Beijing’s crackdown

Alibaba Group Holding Ltd (NYSE:BABA) is revamping the webpage of its Taobao e-commerce platform, launching the most significant update in seven years, to enhance the shopping experience ahead of China’s major 618 shopping festival.  This initiative by Taobao and Tmall Group, Alibaba’s domestic e-commerce unit, aims to streamline the layout and simplify the search and purchase process for users and merchants.  Alibaba is focusing on this upgrade to attract new users and reclaim its leading position in China’s competitive e-commerce landscape amid a challenging restructuring phase, SCMP reports. Also Read: Alibaba’s Taobao Launches 3D Shopping App for Apple’s Vision Pro – A New Era f

Alibaba Group Holding Limited (NYSE:BABA) fintech affiliate Ant Group is enhancing its global presence through its digital platform, Alipay+, aiming to unify mobile payment apps worldwide.  Ant International, the group’s global division, launched Alipay+ in 2020. It allows users to make payments with apps from their home countries via Alipay’s QR code network and local partners abroad. Douglas Feagin, Senior VP at Ant Group, emphasized that travelers prefer using their trusted home-country e-wallets instead of unfamiliar foreign apps, CNBC reports.  With this in mind, Alipay+ connects 88 million merchants across 57 countries and regions to over 1.5 billion consumer accounts from 25+

Alibaba Group Holding Limited (NYSE:BABA) plans to construct a data center in Vietnam to meet legal requirements for local data storage and to cater to increasing demand in one of Asia’s fastest-growing economies. Currently, Alibaba rents server space from Vietnamese state-owned telecommunications companies Viettel and VNPT.  The arrangement follows Vietnam’s contentious 2022 law mandating that companies store data within the country—a regulation that sparked resistance from major tech firms like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Amazon.Com Inc (NASDAQ:AMZN), the Nikkei Asia reports. Dang Minh Tam, Alibaba Cloud’s solution architect lead, noted that the company u

Alibaba Group Holding Ltd (NYSE:BABA) has introduced a novel shopping application for Taobao, China’s largest online market. The application is designed for Apple Inc’s (NASDAQ:AAPL) Vision Pro mixed-reality headset.  This initiative emerges as Chinese consumers eagerly anticipate the headset’s launch in China, which Apple CEO Tim Cook anticipates later this year.  The application, which debuted last Friday, is currently compatible with the Vision Pro headset, priced at $3,499, and available only in the United States, SCMP reports. Early adopters in China, who acquired the headset from the US, have shared their positive experiences with Taobao’s 3D app on social media, applauding it

Alibaba Group Holding Limited (NYSE:BABA) stock continued to gain on Wednesday’s report, citing co-founder Jack Ma expressing solidarity with the company’s restructuring under the leadership of Chairman Joseph Tsai and CEO Eddie Wu. Ma, in a very positive tone, urged the employees to keep up with artificial intelligence technology, pivotal in the changing e-commerce landscape as Alibaba battled intense competition with PDD Holdings Inc (NASDAQ:PDD), the Nikkei Asia reports. The 59-year-old Ma helmed Alibaba for nearly two decades as Chair until 2019. He disappeared from the public eye after Chinese regulators quashed his ambitious initial public offering of Ant Group in November 2020.