ALIBABA GROUP ADR WKN: A117ME ISIN: US01609W1027 Kürzel: BABA Forum: Aktien Thema: Hauptdiskussion

Mal wieder Spannungen zwischen China und USA. Das wird sich nie wieder erholen.

China’s resurgent internet sector posts strong profit growth in first 7 months of 2023, led by e-commerce and local services: MIIT report E-commerce firms saw their total revenue jump 42.4 per cent year on year in the January-to-July period, according to the MIIT report. Alibaba Group Holding, the country’s largest e-commerce services provider, last month reported its biggest percentage growth in revenue in over a year amid China’s economic recovery efforts. Alibaba, which owns the South China Morning Post, posted a 14 per cent year-on-year increase in revenue during the June quarter to 234.16 billion yuan. https://www.scmp.com/tech/big-tech/article/3233620/chinas-resurgent-internet-sector-posts-strong-profit-growth-first-seven-months-2023-led-e-commerce

BABA's cloud business unit Alibaba Cloud is mulling a non-public round of financing from Chinese state-owned enterprises before spinning off for a Hong Kong IPO, Bloomberg News reported. BABA is working with advisers on potential financing for its cloud-intelligence business, which could raise about RMB10-20 billion (USD1.4-2.8 billion), people familiar with the matter said. Potential investors include state-owned telecom operators, the sources said.

Gefühlt kippt die Stimmung ggü BABA ins positive

Fintech giant Ant Group expands Alipay+ cross-border payments service in South Korea with ZeroPay tie-up From September 1, tourists using Alipay and several affiliated digital wallets can make electronic payments in Seoul via local service ZeroPay Ant says the partnership, facilitated by South Korean firm ICB, is expected to enable 1.7 million merchants to accept cashless payments from tourists ZeroPay was launched by the Seoul city government to help small businesses, which can use the QR-code-based payments service without paying a settlement fee, according to the government website.

Fitch Affirms China at 'A+'; Outlook Stable. - 31 Aug 2023 The PBOC has ramped up support for the currency, via tools such as setting a stronger-than-expected daily reference rate, prompting state banks to sell US dollars, and tightening offshore yuan liquidity to squeeze shorts. “As the yuan is the anchor of all the asset classes, authorities are trying to stabilise the broader financial markets through the measure,” said Hong Hao, chief economist of Grow Investment Group. Together with stronger-than-expected yuan fixings and the PBOC’s issuance of offshore bills, the cut to FX reserve requirements shows that the central bank cares about the 7.3 level for the yuan.

Eine Abwertung ihrer Währung wäre eigentlich besser, weil dadurch exporte billiger und Importe teurer werden, was die schwache Binnennachfrage stärkt

Warum steigt das geile Teil

Heute freundlich. Ich hoffe auf über 100 noch dieses Jahr.

China says the best way to ‘de-risk’ is to restore stability with the U.S. We believe the best way to ‘de-risk’ is to return to the consensus agreed to by the two heads of state at Bali, return China-U.S. trade relations to a healthy, stable development path,” Shu Jueting, spokesperson at the Ministry of Commerce, said at a press conference Thursday. Shu pointed out that in the first seven months of this year, U.S. direct investment in China rose by 25.5% from a year ago. Following U.S. Commerce Secretary Gina Raimondo’s visit to China this week, the U.S. and China agreed to establish regular communication channels on commerce, export controls and protecting trade secrets

People’s Bank of China said on Friday that it will cut the foreign-currency reserve requirement ratio to 4 per cent from 6 per cent effective September 15. The a move is the third since April 2022, and is seen to defend the local currency from further depreciation pressure. Caixin PMI manufacturing index rose to 51 in August from 49.2 in July, signalling an expansion, according to a report on Friday. That contrasted with the official index earlier this week that showed a fifth month of contraction in activity in August. https://www.scmp.com/business/china-business/article/3233035/china-stocks-advance-best-week-june-property-measures-factory-report-boost-sentiment-while-typhoon

Die Situation könnte für China langfristige Folgen haben, meint Matthes – doch nicht nur China. „Dieser toxische Mix dürfte noch länger wirken und die Wachstumshoffnungen Chinas und vieler westlicher Unternehmen dämpfen“ so der China-Experte. https://www.businessinsider.de/wirtschaft/wirtschaftskrise-in-china-jetzt-droht-dort-die-deflation/

Brics ist umsoooo viel besser als die EU https://www.bbc.co.uk/news/world-asia-india-66669341

BABA 's Tongyi Qianwen has completed relevant filing works in compliance with the guidance and requirements outlined in the "Provisional Measures for the Management of Generative Artificial Intelligence Services" published jointly by seven government departments, Sina Tech reported. The AI foundation model is now awaiting an official launch, as a list containing the first batch of foundation models that cleared relevant filing requirements is anticipated to be approved by related departments within one week. Market rumors this morning (31st) suggested that foundation models of eight enterprises and institutions including BIDU , ByteDance and SENSETIME have cleared relevant filing requirements and will be permitted to offer online services to the general public. Tongyi Qianwen, however, was not on the list.

https://www.cnbc.com/2023/08/31/china-says-drop-in-trade-with-us-is-direct-consequence-of-us-moves.html

US Raimondo: Raised the Tough Issues with Chinese Govt. Decoupling Doesn't Serve US National Security Goals. Trip to China Was an Excellent Beginning. US Businesses Want to Do Business in China. Hopes in Next Few Months to 'See Some Results' After China Meetings.