Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
8/27/2024 | $194.00 → $120.00 | Buy → Neutral | Citigroup | |
8/26/2024 | Outperform → Neutral | Macquarie | ||
8/26/2024 | $193.00 → $151.00 | Buy | Jefferies | |
6/26/2024 | Outperform → Neutral | Macquarie | ||
5/28/2024 | $62.00 → $92.00 | Neutral → Overweight | JP Morgan | |
5/24/2024 | $145.00 → $184.00 | Neutral → Buy | Goldman | |
3/18/2024 | $50.00 → $65.00 | Underperform → Outperform | CLSA | |
3/15/2024 | $64.00 → $62.00 | Overweight → Neutral | JP Morgan |
HANGZHOU, China, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings ("Kaixin" or the "Company") (NASDAQ:KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it received a letter dated September 12, 2024 from the Nasdaq Hearings Panel ("Panel"), indicating that the Panel has determined to grant the Company a temporary exception to regain compliance with The Nasdaq Stock Market LLC's Listing Rule 5550(a)(2) (the "Bid Price Rule") by December 13, 2024. The Company is scheduled to hold an extraordinary general meeting on October 1, 2024 to obtain shareholders' approval for a reverse stock split. The Company aims to effectuate a reverse stock split
The card offers benefits such as 3% cashback and a 90-day order protection, aiming to enhance value for small businesses in global sourcing LAS VEGAS, Sept. 5, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a business unit of Alibaba International Digital Commerce Group, announced a partnership with Mastercard and Cardless to offer a co-branded credit card designed to reward businesses for cross-border and domestic sourcing purchases through Alibaba.com. Created to meet the needs of small business owners, the Alibaba.com Business Edge Credit Card will be the company's first co-branded U.S. credit card.
The platform's premier B2B e-commerce event marks the launch of its first co-branded credit card, upgraded financial and logistics solutions for U.S. businesses LAS VEGAS, Sept. 5, 2024 /PRNewswire/ -- Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce and a business unit of Alibaba International Digital Commerce Group, today announced its new artificial intelligence (AI)-powered sourcing agent, along with new financial and logistics solutions, at its second annual CoCreate conference, which kicks off in Las Vegas today. These solutions will help small and medium-sized enterprises (SMEs) increase sourcing efficiency and more easily navigate cross-border trade.
The People’s Bank of China (PBOC) has executed an unscheduled lending operation at significantly lower rates, indicating a potential increase in monetary stimulus to support the economy. What Happened: The PBOC conducted a medium-term lending facility (MLF) operation, issuing 200 billion yuan ($27.5 billion) in one-year loans at a rate of 2.30%, a 20 basis point decrease from the previous MLF loan, Reuters reported. This move follows the bank’s decision to cut several benchmark lending rates just days after a key leadership meeting that outlined major reforms. The central bank also injected 235.1 billion yuan into the market through seven-day reverse repos at 1.70%. This cash injection
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume BABA CALL TRADE BULLISH 08/02/24 $79.00 $27.0K 2.4K 1.7K SBUX CALL TRADE B
Deep-pocketed investors have adopted a bullish approach towards PDD Holdings (NASDAQ:PDD), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PDD usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for PDD Holdings. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 41% leaning bullish and 33% bearish. Among these notable options
20-F/A - Fangdd Network Group Ltd. (0001750593) (Filer)
6-K - Alibaba Group Holding Ltd (0001577552) (Filer)
6-K - Kaixin Holdings (0001713539) (Filer)
DUBLIN and SHANGHAI, Aug. 26, 2024 (GLOBE NEWSWIRE) -- PDD Holdings Inc. ("PDD Holdings" or the "Company") (NASDAQ:PDD), today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total revenues in the quarter were RMB97,059.5 million (US$113,355.8 million), an increase of 86% from RMB52,280.7 million in the same quarter of 2023.Operating profit in the quarter was RMB32,564.5 million (US$4,481.0 million), an increase of 156% from RMB12,718.8 million in the same quarter of 2023. Non-GAAP2 operating profit in the quarter was RMB34,987.3 million (US$4,814.4 million), an increase of 139% from RMB14,609.4 mill
Robust Profitable Growth amidst Consumption Mix-shiftAdjusted Net Income Grew 10.9% to RMB2.8 Billion US$0.35 per Share Interim Dividend Announced SHANGHAI, Aug. 20, 2024 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE:ZTO), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced its unaudited financial results for the second quarter ended June 30, 2024[1]. The Company grew parcel volume by 10.1% year over year while maintaining high quality of service and customer satisfaction. Adjusted net income increased 10.9%[2] to reach RMB2.8 billion. Cash generated from operating activities was RMB3.5 billion. Second Quarter 2024 Financial Highlights Re
HONG KONG, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Operational Highlights Total number of paying clients1 increased 28.8% year-over-year to 2,042,313 as of June 30, 2024.Total number of registered clients2 increased 19.1% year-over-year to 4,045,703 as of June 30, 2024.Total number of users3 increased 13.3% year-over-year to 23.3 million as of June 30, 2024.Total client assets increased 24.3% year-over-year to HK$579.3 billion as of June 30, 2024.Daily
SC 13G - Futu Holdings Ltd (0001754581) (Subject)
SC 13G/A - Alibaba Group Holding Ltd (0001577552) (Subject)
SC 13G/A - ZTO Express (Cayman) Inc. (0001677250) (Subject)
The updates roll out just in time for the brand's 14th Anniversary Sale, with deals up to 70% off from March 18 through March 27 LOS ANGELES, March 18, 2024 /PRNewswire/ -- AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, has made significant updates to its platform designed to enhance the customer experience in the U.S. market, including faster shipping times, new delivery guarantees, and an updated mobile app for simpler browsing on its catalog. A majority of U.S. consumers state that recent price increases have put a
HANGZHOU, China, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Kaixin Auto Holdings ("Kaixin" or the "Company") (NASDAQ:KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that Mr. Xiaoning Wu has been appointed by Kaixin's board of directors (the "Board") as a director of the Board and as the chairman of the audit committee of the Board of the Company, with effect from January 30, 2024. The Board has determined that Mr. Xiaoning Wu qualifies as a "financial expert" with adequate financial sophistication under Nasdaq Stock Market Rule 5605(a)(2) and Rule 10A-3 under the Securities Exchange Act of 1934. Mr. Xiaoning Wu has been serving as the chairman of Shang
SHANGHAI, Dec. 26, 2023 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE:DDL), a leading fresh grocery e-commerce company in China, today announced the appointment of Mr. Song Wang, currently the director and senior vice president of the Company, as the chief financial officer (the "Chief Financial Officer") effective from December 26, 2023. Mr. Wang will be primarily responsible for the Company's overall financial matters and investor relationship affairs. The Company also announced the appointment of Ms. Hongli Gong, currently the senior vice president of the Company, as the chief human resources officer (the "Chief Human Resources Officer") effective from Dece
Citigroup downgraded Pinduoduo from Buy to Neutral and set a new price target of $120.00 from $194.00 previously
Macquarie downgraded Pinduoduo from Outperform to Neutral
Jefferies reiterated coverage of Pinduoduo with a rating of Buy and set a new price target of $151.00 from $193.00 previously