Quote:. Big-name investors who bet big on Alibaba got rewarded on Thursday as the Chinese conglomerate reported better-than-expected earnings.
Alibaba shares BABA +8.09%. 9988. +10.01% jumped 11% in early trade. The stock has surged 66% this year as investors including David Tepper and Michael Burry bet that Chinese stocks get a lift from the country’s efforts to stimulate its economy.
Alibaba was the top holding of Tepper’s Appaloosa and Burry’s Scion Asset Management in the fourth quarter, according to 13-F filings released last week.
Alibaba said its fiscal third-quarter profit jumped to 48.9 billion yuan, or $6.7 billion. On an adjusted basis, it earned $2.93 per U.S.-listed share, as revenue rose 8% to $38.38 billion.
Quote: Ryan Cohen Boosts Alibaba Stake to $1 Billion
The meme-stock king and investor still has his sights set on the Chinese e-commerce behemoth
By Lauren Thomas and Ben Glickman
Feb. 20, 2025 at 3:34 pm ET
Quote:
There are other tailwinds to Chinese equities and the tech sector. The Chinese stimulus to date has been effective, including “some good news coming out of the housing market”, says Tianlei Huang of the Peterson Institute for International Economics; more stimulus is expected. US President Donald Trump’s tariffs on China have also not been too punitive, and more analysts are starting to believe that there may be negotiations with China after all.
But whether tech stocks, and Chinese equities more broadly, can reach their former heights will depend on regulation. If China is serious about stepping out of tech’s way, this could be the start of a longer bull run.
Wah piang eh. BABA really shooting up into the ceiling.
No bluffing you
Quote: The Hang Seng Tech Index soared as much as 5.3% to the highest since early 2022. Shares of Alibaba Group Holding Ltd. surged almost 14% after the Chinese e-commerce giant reported sales that beat estimates.
Money is power.
Hell lot of money is nuclear bomb.
Top men worry.
.
When he needs them he call them in.
When he is unesasy of their rise and power ..he hammer them down.
(22-02-2025, 06:28 AM)sgbuffett Wrote: [ -> ]When he needs them he call them in.
When he is unesasy of their rise and power ..he hammer them down.
Don’t be like the useless one trick pony Handbag Loo and his SPY. Now his US markets bleeding mensus deep red.
Repent and enter the Chinese markets to Huat!
When they do the wrong things a gd leader shd hammer them down
(22-02-2025, 08:19 AM)p1acebo Wrote: [ -> ]Don’t be like the useless one trick pony Handbag Loo and his SPY. Now his US markets bleeding mensus deep red.
Repent and enter the Chinese markets to Huat!
I go where mkney can be made.
US market has had 15 excellent yrs.
Those who invest huat ah!!!
China market has been performing poorly for some time
(22-02-2025, 08:44 AM)sgbuffett Wrote: [ -> ]I go where mkney can be made.
US market has had 15 excellent yrs.
Those who invest huat ah!!!
China market has been performing poorly for some time
Yes agree on the US markets past performance. I exited all my US positions in Dec 2024 when it became apparent that convicted felon will becum President
