In the United States, the year of the Tiger in the listed Chinese stocks has a new atmosphere, and it is expected to hit the largest two-week continuous rise in 5 months. The Nasdaq Golden Dragon China index has risen about 5 percent since Friday and has gained more than 12 percent in two weeks, its biggest since early September. Alibaba (BABA. US), JD. US), Pinduoduo (PDD. US), NetEase (NTES. Tech giants such as the US) are expected to report quarterly earnings in the coming weeks, and if the outlook is strong, it could help ease concerns that the economic slowdown is hampering profit growth. Brendan Ahern, chief investment officer at Krane Funds Advisors, said, "As we enter earnings season, we need catalysts whose valuations are very cheap compared to historical prices, especially relative to U.S. tech companies.
BABA.US Alibaba Group Holding Ltd. (Alibaba Group Holding Ltd.) is committed to providing online and mobile markets for retail and wholesale trade. It operates through the following business units: Core Commerce; Cloud computing; Digital Media & Entertainment; as well as innovation programs, etc. The core commercial segment consists of retail and wholesale platforms. The cloud computing field is composed of Alibaba Cloud, which provides services such as elastic computing, databases, storage and content delivery networks, large-scale computing, security, management and applications, big data analysis, and machine learning platforms for enterprises of different sizes in various industries. The digital media and entertainment segment is involved in the Youku Tudou and UC browser businesses. The innovation plan and other parts include autoNavi, DingTalk, Tmall Genie and other enterprises. The company was co-founded on June 28, 1999 by Cai Chongxin and Jack Ma, and is headquartered in Hangzhou, China.
JD.US.com: JD.COM is a leading technology-driven e-commerce and retail infrastructure service provider in China. Its cutting-edge retail infrastructure allows consumers to buy whatever they need anytime, anywhere. JD.com has opened up its technology and infrastructure to partners, brand owners and many fields, and as a retail infrastructure service provider, it has promoted the improvement and innovation of production efficiency in various industries. JD.com is also a member of the NASDAQ 100 and a Fortune Global 500.
Pinduoduo (PDD.US) Company Profile: Pinduoduo is a holding company engaged in the development and management of e-commerce platforms. Its Pinduoduo mobile app provides buyers with a selection of goods for purchase and engagement. The company was founded on April 20, 2015 and is headquartered in Shanghai, China.
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