Dingdong (Cayman) Limited (DDL) is a leading Chinese e-commerce company that specializes in online grocery delivery. Known for its fresh produce and convenience, Dingdong connects consumers with a wide selection of groceries, including fruits, vegetables, meat, seafood, and pantry essentials, delivered directly to their doorsteps. With a focus on quality, Dingdong sources fresh ingredients from […]
Read More(Bloomberg) — A stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China. Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph […]
Read More(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s economy is paying the price for the nation’s Covid Zero policy, with industrial output and consumer spending sliding to the worst levels since the pandemic began and analysts warning of no quick recovery. Industrial output unexpectedly […]
Read More(Bloomberg) — Manuel Muehl told investors to sell Chinese technology stocks last summer when nearly all of his peers were saying buy. Nine months and about a trillion dollars of lost market value later, the 30-year-old analyst at DZ Bank AG is warning of further pain ahead as China’s slowing economy and uncertain regulatory environment […]
Read More(Bloomberg) — A selloff across Chinese equities deepened on Tuesday as concerns about the country’s ties with Russia and persistent regulatory pressure sent shares on a downward spiral. The Hang Seng China Enterprises Index, which tracks Chinese shares listed in Hong Kong, sank 6.6%, following a plunge in the previous session that was the biggest […]
Read More(Bloomberg) — Global investors are losing faith in China’s ability to navigate an increasingly complex maze of challenges. The war in Ukraine raises the specter of harsh sanctions being applied to Chinese firms should they proceed with plans to acquire stakes in Russian energy and materials producers. The risk of Chinese companies being delisted from […]
Read More(Bloomberg) — A bout of fresh volatility is hitting Chinese equities, evoking memories of the 2018 meltdown, as the war in Ukraine threatens to complicate the Asian nation’s plans to ease policy and potentially worsen its already strained relations with the U.S. Traders were taken for a wild ride on Wednesday as stock benchmarks in […]
Read More(Bloomberg) — China National Offshore Oil Corp. struck $13 billion worth of deals to boost oil and gas supply, as the country aims to avoid a repeat of last year’s energy crunch. The nation’s biggest offshore oil and gas driller has signed agreements with a dozen international firms, according to a statement Wednesday. That includes […]
Read More(Bloomberg) — China’s equity benchmark slid into a bear market while the yuan tumbled the most in seven months, as the Federal Reserve’s hawkish comments added to investor concerns over the nation’s regulatory headwinds. The CSI 300 Index closed 2% lower on Thursday, taking losses from a peak in February to more than 20%. The […]
Read More