{"id":107601,"date":"2024-09-27T17:56:52","date_gmt":"2024-09-27T10:56:52","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=107601"},"modified":"2024-09-27T17:56:52","modified_gmt":"2024-09-27T10:56:52","slug":"alibaba-jd-and-meituan-surge-after-china-stimulus-announcement","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=107601","title":{"rendered":"Alibaba, JD and Meituan surge after China stimulus announcement"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>(Bloomberg) \u2014 Alibaba Group Holding Ltd (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/BABA\" data-ylk=\"slk:BABA;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">BABA<\/a>, <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/9988.HK\" data-ylk=\"slk:9988.HK;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">9988.HK<\/a>), JD.com Inc. (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/JD\" data-ylk=\"slk:JD;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">JD<\/a>, <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/9618.HK\" data-ylk=\"slk:9618.HK;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">9618.HK<\/a>) and Meituan (<a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/3690.HK\" data-ylk=\"slk:3690.HK;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">3690.HK<\/a>, <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/MPNGY\" data-ylk=\"slk:MPNGY;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">MPNGY<\/a>) enjoyed their best trading days in years after the Chinese government announced measures to stimulate the troubled domestic economy.<\/p>\n<p>Most Read from Bloomberg<\/p>\n<p>Consumer tech firms were swept up in a buying spree that extended across sectors on bets that Beijing\u2019s wide-ranging new policies will have the desired effect. Meituan and JD rose more than 20% in Hong Kong trading across Thursday and Friday, marking each firm\u2019s best two-day performance since 2022, while Alibaba rose as much as 15% over the period.<\/p>\n<p>The Chinese government surprised many with the breadth of its stimulus actions, offering support for the ailing property sector, cash handouts to residents facing hardship and more social security benefits for unemployed graduates. The announcements helped ease concern about the debt-ridden property market and high youth unemployment figures, boosting consumer and internet firms.<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 582px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:61%\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/2a7.nptwrf_S6Rn6xieMpQ--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU4Mg--\/https:\/\/media.zenfs.com\/en\/bloomberg_technology_68\/4eee2cfdccdeba1c6346d77b035357b0\"\/><img decoding=\"async\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/2a7.nptwrf_S6Rn6xieMpQ--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU4Mg--\/https:\/\/media.zenfs.com\/en\/bloomberg_technology_68\/4eee2cfdccdeba1c6346d77b035357b0\" class=\"caas-img\"\/><\/div>\n<\/div>\n<\/div>\n<\/figure>\n<p>Cash-rich tech firms like Hangzhou-based Alibaba are leading a surge in repurchases of shares listed in Hong Kong this year. Returns from China\u2019s biggest tech stocks are surpassing those of global rivals, with Alibaba\u2019s shareholder yield at more than 8% at the start of this month, more than double that of any company in the Magnificent Seven in the US. Up until this week, the repurchases had largely been a defensive move to staunch stock declines as doubts about economic weakness persisted, though together with the new announcements from Beijing, the buyback spree is helping revive interest in China\u2019s embattled tech firms.<\/p>\n<p><em>What Bloomberg Economics Says<\/em><\/p>\n<p><em>Together with the People\u2019s Bank of China\u2019s surprise stimulus Tuesday, and the strong statement of intent from the Politburo Thursday to use fiscal and monetary measures to support growth, the program suggests policymakers are getting more serious about reviving the recovery, stabilizing employment and maintaining social stability. Given the growing policy momentum, more support in other areas looks likely \u2014 especially steps focusing on stabilizing the job market and lifting consumption demand.<\/em><\/p>\n<p><em>\u2014 Eric Zhu, Bloomberg economist<\/em><\/p>\n<p>Most Read from Bloomberg Businessweek<\/p>\n<p>\u00a92024 Bloomberg L.P.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/alibaba-jd-meituan-surge-china-061103534.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) \u2014 Alibaba Group Holding Ltd (BABA, 9988.HK), JD.com Inc. (JD, 9618.HK) and Meituan (3690.HK, MPNGY) enjoyed their best trading days in years after the Chinese government announced measures to &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=107601\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-107601","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/107601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107601"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/107601\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}