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    ChinaAccess

    China Newsbase

    Fast, easy search of the China news that matters

    The China News Database was last updated at 01:50PM on November 9, 2023.

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    These Stocks Moved the Most Today: Deere, Foot Locker, Morgan Stanley, Catalent, Applied Materials, and More

    Deere's fiscal second-quarter earnings and sales beat Wall Street estimates, while Foot Locker slashed its fiscal-year outlook, sending the stock sharply lower. Morgan Stanley CEO James Gorman said he'll be stepping down within the next 12 months.

    May 19, 2023 Source: Yahoo Finance

    Alibaba

    Alibaba reports 2 per cent revenue growth for fourth quarter, board approves separate listings for Cloud, Cainiao units

    Chinese e-commerce giant Alibaba Group Holding reported a 2 per cent increase in revenue for its fourth quarter, while also approving a full spin-off of its Cloud Intelligence Group, as well as external financing for multiple business units, in its first earnings report since the company announced a major restructuring earlier this year. The cloud business, one of the company's most important growth engines, will be listed in 12 months, said Alibaba Group chairman and CEO Daniel Zhang Yong. In t

    May 19, 2023 Source: Yahoo Finance

    Alibaba

    DeSantis Vs. Disney, Alibaba Spinoffs Cloud Business, Apple Bans Internal ChatGPT Use: Today's Top Stories

    Bloomberg Alibaba's Cloud Business Spinoff - What's Going On With Alibaba Stock Friday Alibaba Group Holding Limited's (NYSE: BABA) move to fully spin out a potentially transformative $12 billion cloud business has fueled speculation of it succumbing to market or political realities. Analysts value the cloud business at upwards of $30 billion, a prime beneficiary of a post-ChatGPT frenzy mirroring the success of Amazon.Com Inc's (NASDAQ: AMZN) cloud unit Amazon Web Services. Alibaba splurged ten

    May 19, 2023 Source: Yahoo Finance

    Alibaba

    Alibaba to Spin Off Cloud, Logistics, and Grocery Businesses for IPO

    May 19, 2023 Source: yicaichina

    Alibaba

    Alibaba Group Holding Unusual Options Activity - Alibaba Group Holding (NYSE:BABA)

    May 19, 2023 Source: Benzinga

    Alibaba Group Holding Limited (BABA) Stock Forecasts

    Find the latest Alibaba Group Holding Limited (BABA) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance

    May 19, 2023 Source: YahooFinance

    Alibaba

    Alibaba Makes Another Step Towards Unlocking Value - Walmart (NYSE:WMT)

    On May 18th, following Walmart (NYSE: WMT) who topped estimates due to resilient customers, Alibaba Group Holding Limited (NYSE: BABA) showed it has made significant progress on the profitability front, despite quarterly revenue missing expectations.

    May 19, 2023 Source: Benzinga

    China’s Tech Giants Signal the First Steps in a Bumpy Recovery

    The economy is open again, helping Alibaba, Baidu and Tencent claw back in the first quarter from a miserable 2022, though they are likely to face continuing skepticism from investors.

    May 19, 2023 Source: The New York Times

    1 in 5 Young Chinese Is Jobless, and Millions More Are About to Graduate

    The youth unemployment rate, which spiked during the pandemic, reached a record high this week, showing the perils of China’s uneven economic recovery.

    May 19, 2023 Source: The New York Times

    Alibaba

    Top Stories Friday, May 19: DeSantis Vs. Disney, Alibaba Spinoffs Cloud Business, Apple Bans Internal ChatGPT Use - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

    Bloomberg

    May 19, 2023 Source: Benzinga

    Alibaba

    Alibaba's Cloud Business Spinoff - What's Going On With Alibaba Stock Friday - Alibaba Group Holding (NYSE:BABA)

    Alibaba Group Holding Limited's (NYSE: BABA) move to fully spin out&nbs

    May 19, 2023 Source: Benzinga

    Alibaba

    US Home Prices Fall By Most In 11 Years - Alibaba Group Holding (NYSE:BABA), Apple (NASDAQ:AAPL)

    Americans are NOT paying off their credit card debt. Over 36% of U.S. adults owe more money in credit card debt than they have saved. And some are turning to credit cards to pay their mortgages.  I don’t need a PhD in economics to know this doesn’t end well.

    May 19, 2023 Source: Benzinga

    Alibaba

    Long-time Jack Ma associates take top seats in units being freed up by Alibaba

    Board directors have been named for each of the six units being given greater independence, with a number of Alibaba’s founders taking top seats.

    May 19, 2023 Source: South China Morning Post

    Alibaba

    JD's Boardroom Shuffle Ignites Talk Of Founder's Return - Alibaba Group Holding (NYSE:BABA), JD.com (NASDAQ:JD)

    Key Takeaways: The founder of JD.com, Richard Liu, stepped down as CEO last April. His successor, Xu Lei, has said that the boss never really left, suggesting the CEO title conferred limited power JD.com’s first-quarter adjusted net profit rose 88% to 7.59 billion yuan, and some analysts are upbeat about the outlook  

    May 19, 2023 Source: Benzinga

    Alibaba

    Alibaba Options Traders Bet On Stock Surging This Much By September Expiration - Alibaba Group Holding (NYSE:BABA)

    Alibaba Group Holding Limited (NYSE: BABA) shares dropped on Thursday following the release of fourth-quarter financial results.

    May 19, 2023 Source: Benzinga

    Russian PM to visit Beijing as China renews criticism of Western arms sales to Ukraine

    China says Russian Prime Minister Mikhail Mishustin will visit Beijing next week for talks, marking the latest exchange in a relationship in which Russia is becoming increasingly reliant on China for economic and diplomatic support. Meanwhile, one of Beijing's top diplomats at the U.N. again criticized Western arms sales to Ukraine, saying it would only lead to escalation, more civilian casualties and displacement, and make it harder to obtain a ceasefire and start peace negotiations. China says it is neutral in the 15-month-old conflict, but has refused to criticize the invasion and blamed the West for provoking Moscow.

    May 19, 2023 Source: AP NEWS

    Alibaba

    B of A Securities Maintains Buy on Alibaba Group Holding, Lowers Price Target to $132 - Alibaba Group Holding (NYSE:BABA)

    B of A Securities analyst Eddie Leung maintains Alibaba Group Holding (NYSE:BABA) with a Buy and lowers the price target from $144 to $132.

    May 19, 2023 Source: Benzinga

    Beijing unveils ‘battle plan’ to supercharge tech hub, lure foreign talent

    Beijing International Science and Technology Innovation Centre, to be overseen by China’s president, is set to be completed by 2025.

    May 19, 2023 Source: South China Morning Post

    Alibaba

    Alibaba spins off cloud unit, plans Cainiao, Hema IPOs · TechNode

    The move follows the Chinese tech giant's announcement in late March that it was splitting the company into six standalone units.

    May 19, 2023 Source: TechNode

    Alibaba

    HSBC Maintains Buy on Alibaba Group Holding, Lowers Price Target to $140 - Alibaba Group Holding (NYSE:BABA)

    HSBC analyst Carson Lo maintains Alibaba Group Holding (NYSE:BABA) with a Buy and lowers the price target from $143 to $140.

    May 19, 2023 Source: Benzinga

    Singles Day

    Talk like a Chinese shopper on Singles Day

    November 11 — a.k.a., Singles Day — is China’s annual consumer holiday, when billions of dollars gets spent on everything from everyday items to luxury goods.

    November 11, 2021 Source: The China Project

    gaming Tencent

    Overseas gaming a rare bright spot in Tencent’s weak Q3 report

    Tencent has its slowest revenue growth in 17 years, but overseas gaming may be a lifeboat. This story is from the The China Project A.M. newsletter — sign up for free here.

    November 11, 2021 Source: The China Project

    debt Evergrande real estate

    What just happened with Evergrande?

    Evergrande seems to avoid default, though some outlets claim otherwise.
    This story is from the The China Project A.M. newsletter — sign up for free here.

    November 11, 2021 Source: The China Project

    Access Xi Jinping

    Xi Jinping’s greatest hits, so far

    Bloomberg, a news service owned by a New York billionaire, ranks Xi Jinping, chairman of everything.

    November 10, 2021 Source: The China Project

    Access Chinese in America United States

    Chinese grad student in Chicago killed in shooting

    According to the University of Chicago and the Chicago Police Department (CPD), a 24-year-old graduate Chinese student Shaoxiong Zheng from Chengdu was shot and killed in what seems to have been a robbery on Tuesday afternoon.

    November 10, 2021 Source: The China Project

    climate change

    China brings little to the table at COP26

    At the COP26 climate summit in Glasgow, climate activists have been disappointed with China’s unchanged long-term carbon reduction pledges and Beijing’s decision to boost coal production to cope with an immediate energy crisis. However, some analysts see increased momentum to transition China’s energy mix away from coal in the medium-term.

    November 10, 2021 Source: The China Project

    Shanghai

    Luo Jialing, a.k.a. Liza Hardoon, and the height of global Shanghai

    Shanghai is unlike any other Chinese city, with strands of Japan, Britain, America, and a dozen other places woven into its fabric. This Week in China’s History looks back to a moment when Shanghai was quintessentially global: the funeral of Luo Jialing.

    November 10, 2021 Source: The China Project

    Access MeToo

    ‘We will not stop’: Students of Nanjing University protest school’s handling of sexual harassment case

    At one of China’s leading universities, students are finding ways to protest inaction against sexual harassment despite the authorities trying to shut them down.

    November 9, 2021 Source: The China Project

    Access

    Chinese fans leave behind government’s video game bashing to celebrate esports team’s world title

    Coming just months after the Chinese government made strict new rules limiting under 18s from playing computer games more than three hours a week, a Chinese esports team won the League of Legends World Championship. Fans celebrated in the streets and even state-owned media offered congratulations.

    November 9, 2021 Source: The China Project

    Access

    Editor’s note for Tuesday, November 9, 2021

    A note from the editor of today’s The China Project Access newsletter.

    November 9, 2021 Source: The China Project

    Access debt Evergrande real estate

    Evergrande enters another payment grace period as Fed warns of China real estate risk

    China’s highly indebted property developer Evergrande continues to hop from one grace period to another on payments for various bonds, narrowly avoiding default. Meanwhile, the U.S. Federal Reserve has raised concerns about risks from “highly indebted corporations, especially in the real estate sector” in China.

    November 9, 2021 Source: The China Project

    Er Housheng, who had his eyes gouged out, dies at 58

    No matter how wonderful socialist spiritual civilization was or is, the hunger for songs about hunger and heartache is universal. Enter Er Housheng, who connected with audiences by singing about suffering — most notably his own.

    November 9, 2021 Source: The China Project

    Shein

    Fast-fashion seller Shein wants to dominate more than clothes

    A story from the The China Project A.M. newsletter. Sign up for free here.

    November 9, 2021 Source: The China Project

    Access New Oriental Education private tutoring

    After crackdowns, Beijing to issue licenses to resume after-school tutoring

    A story from the The China Project A.M. newsletter. Sign up for free here.

    November 8, 2021 Source: The China Project

    Access COVID-19 Hong Kong

    Editor’s note for Monday, November 8, 2021

    A note for Access newsletter readers from Jeremy Goldkorn. Today: The China Project’s crowdfunding campaign; Chinese activists’ mobile health codes are showing red alerts, according to Hong Kong’s Stand News; recommendation for the Slow Chinese newsletter.

    November 8, 2021 Source: The China Project

    Access Central Committee Xi Jinping

    China prepares to write Xi Jinping into history

    The sixth plenum, a top Communist Party leadership meeting that started in Beijing today, is expected to approve a resolution that codifies General Secretary Xi Jinping’s image as an indispensable figure in Chinese history and governance, and set the stage for his “third term” that would begin at the 2022 Party Congress.

    November 8, 2021 Source: The China Project

    Chinese sportswear brands: the vanguard of the “domestic turn”

    A story from the The China Project A.M. newsletter. Sign up for free here.

    November 8, 2021 Source: The China Project

    common prosperity

    Top Chinese executives offload shares before crunchtime

    A story from the The China Project A.M. newsletter. Sign up for free here.

    November 8, 2021 Source: The China Project

    Access gaming

    Zhang Weili falls in split decision at UFC 268

    Rose Namajunas vs. Zhang Weili 2 went very differently than the first fight, when Namajunas surprised Zhang with an early knockout.

    November 8, 2021 Source: The China Project

    Central Committee

    A historic plenum — and what it means for U.S.-China relations

    Each Central Committee of China’s Communist Party holds seven plenary sessions over its five-year term, with the sixth plenum of any given Central Committee usually focusing on ideology and party-building. The meeting this year will be no different, but is notable for a resolution on Party history.

    November 8, 2021 Source: The China Project

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    The China Project
    "A jewel in the crown of China reporting. I look to it daily... It adds so much insight into the real China."

    Max Baucus

    Former U.S. Ambassador to China

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