Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? Weibo, Sohu, Nio, BYD Co. and Li Auto. China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity.
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BEIJING/HONG KONG (Reuters) -China's central bank vowed to protect consumers exposed to the housing market on Monday and injected more cash into the banking system as the Shenzhen government began investigating the wealth management unit of ailing developer Evergrande, the clearest sign yet the authorities could move to contain contagion risks. Once the epitome of an era of helter-skelter borrowing and building in China, Evergrande has now become the poster child of a crackdown on developers' debts that has left investors large and small sweating their exposure. In a letter to investors seen by Reuters, the Shenzhen Financial Regulatory Bureau said "relevant departments of the Shenzhen government have gathered public opinions about Evergrande Wealth and are launching a thorough investigation into related issues of the company."
China's Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd's WeChat on a number of its apps, after the government ordered major tech firms to stop blocking each other's services and links. Local tech blog 36Kr reported on Tuesday that users of Alibaba's food delivery app Ele.me, luxury goods app Kaola and e-book app Shuqi can now purchase goods via WeChat Pay, one of China's most popular online payment options. Alibaba's used-goods marketplace app Xianyu and supermarket app Freshippo have also applied for WeChat Pay integration, the tech blog said.
- Simply Wall St.
Does the September share price for QUALCOMM Incorporated ( NASDAQ:QCOM ) reflect what it's really worth? Today, we will...
- Investor's Business Daily
China EV startup Nio more than doubled Q2 sales, and July sales as well. But Nio stock is selling off.
Enphase Energy (ENPH) closed at $155.06 in the latest trading session, marking a +0.91% move from the prior day.
- Investor's Business Daily
Polestar stock neared a debut as the Swedish EV startup, a rival to Tesla, announced it will go public via a SPAC deal. Owned by Chinese auto giant Geely, Polestar will combine with Gores Guggenheim, a special purpose acquisition company or SPAC. The combined company will be named Polestar Automotive and will list on the Nasdaq under the ticker symbol PSNY.
- Motley Fool
Let's look closer at the businesses underlying these three growth stocks and see what's leading to impressive revenue growth. If a consumer wants a similar content package to traditional cable, but through a streaming service instead, fuboTV is one place they can go.
- Investor's Business Daily
EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric vehicle makers.
(Bloomberg) -- Australia is gearing up to win a bigger market share for critical materials that can be used in everything from electric cars to aerospace. Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesThe Rise of the Pandemic DashboardThe mining powerhouse will establish a A$2 billi
- American City Business Journals
Tesla is assembling is workforce for the billion-dollar factory nearing completion just outside Austin. Experts tell us this recent hiring wave is only the beginning. Click through for more info, as well as a list of the largest private employers in the Austin area (which Tesla should soon join).
- Motley Fool
Shares of electric car superstar Tesla (NASDAQ: TSLA) stock had popped 2.5% as of 12:10 p.m. EDT Monday after Tesla announced over the weekend that it has activated the "request" button on its cars. FSD is also in a sense a marketing program, because the safer the software appears in the real world, the more likely Tesla owners will be to ante up $10,000 apiece (or $199 a month) to get it activated.
(Bloomberg) -- Stocks and U.S. index futures declined, while Treasury yields rose, as investors priced in the start of Federal Reserve tapering. Oil headed for multiyear highs amid a global supply crunch. Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesThe Rise of the Pandemic Dashboa
(Bloomberg) -- Private equity firm Vista Equity Partners is to acquire automation software developer Blue Prism Group Plc for about 1.1 billion pounds ($1.5 billion), in yet another takeover of a U.K. tech company by a foreign buyer. Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesThe
Cryptocurrency investment products and funds posted inflows for a sixth consecutive week, as investors viewed recent regulatory challenges in the sector as buying opportunities, data from digital asset manager CoinShares showed on Monday. For 2021, inflows were $6 billion. Bitcoin bore the brunt of negative investor sentiment of the last two quarters.
“You only get one shot” Eminem famously sang on “Lose Yourself.” That might have been true in the cutthroat music business the Detroit rapper was trying to break into, but the nice thing for investors is that Eminem’s problem doesn’t apply to the stock market. While investors constantly rue missed opportunities, ruminating on a never-ending list of “if onlys,” the fact is there are always new opportunities in the public markets, it’s just finding them that’s the problem. A helping hand here woul
Asian shares were mixed across the region on Tuesday as investors fretted over China Evergrande Group's debt crisis and a widening power shortage in China. MSCI's broadest index of Asia-Pacific shares outside Japan was just slightly higher by mid-afternoon after trading in the red following a mixed session on Wall Street. Australia's benchmark S&P/ASX200 index was down nearly 1.42%, led by a sell off in healthcare and technology stocks, while Japan's Nikkei was down 0.3% after halving its initial losses.
(Bloomberg) -- BlackRock Inc.’s Jean Boivin says the fundamental outlook for equities remains “constructive,” so much so that it may be time to buy stocks in China, where worry over the financial strains of property giant China Evergrande Group has investors dumping shares.Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Rise of the Pandemic DashboardSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Trad
- The Telegraph
Sir Jony Ive, the British designer who defined the minimalist look of Apple gadgets, has teamed up with Ferrari to help create the Italian icon’s first electric supercar.
Bank stocks have soared during 2021, but are still trading lower than usual to the market as a whole.
(Bloomberg) -- China’s central bank vowed to ensure a “healthy property market” and protect home buyers’ rights, suggesting more concern about the fallout in the industry after Evergrande’s debt crisis roiled global financial markets. Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesTh