Alibaba Options Spot-On: On April 17th, 274.77K Contracts Were Traded, With 2.86 Million Open Interest
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Gelonghui Announcement Highlights (Hong Kong Stocks) | China United Network Communications (00762.HK): First quarter revenue reached 103.35 billion yuan, a year-on-year increase of 3.9%.
【Today's Focus】 China United Network Communications (00762.HK): Revenue reached 103.35 billion yuan in the first quarter, an increase of 3.9% year-on-year. China United Network Communications (00762.HK) announced that it focuses on the two main businesses of connected communications and intelligent computing, continuously promoting innovation in networks, technologies, and services, and achieving new breakthroughs in high-quality development. In the first quarter of 2025, the group's revenue was 103.35 billion yuan, an increase of 3.9% year-on-year; pre-tax profit was 7.6 billion yuan, and profit attributable to equity holders of the company was 5.93 billion yuan, an increase of 5.6% year-on-year.
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JPMorgan: The impact of Trump's tariffs on Chinese concept stocks in the Internet sector is limited.
① Analysts at JPMorgan believe that the impact of USA tariffs on Chinese Internet companies (excluding cross-border e-commerce) is limited, with an effect on online consumption potentially less than 0.5%; ② A report by Jinrui Fund points out that the revenue share of Chinese Internet companies in the USA market is less than 2%, primarily serving China's huge consumer market of 1.4 billion people. ③ JPMorgan expects that PDD Holdings will be the most affected by the tariffs, while Tencent and NetEase are more defensive.
Express News | Hong Kong Shares of Alibaba up More Than 3%
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[Brokerage Focus] BOCOM INTL expects steady growth for e-commerce platforms in the first quarter.
Jinwu Financial News | BOCOM INTL released the monthly report on the Internet Industry, stating that the adjusted year-on-year growth of physical e-commerce online retail sales in Q1 2025 is 5.7%, with growth rates of 5.0% in January-February and 6.9% in March respectively. In terms of categories, the increase in national subsidies for products has accelerated the growth of communication equipment compared to Q4; the demand for home appliances has slowed down due to advance release at the end of last year, but demand has been recovering month by month since the start of the home decoration season, with growth in March accelerating compared to January-February. The bank maintains its previous views, noting that the cancellation of tax exemptions for small packages negatively impacts the profitability of low-value-added categories, logistics costs, and customs clearance cycles, and suggests paying attention to the platforms.
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Alibaba Options Spot-On: On April 16th, 275.19K Contracts Were Traded, With 2.84 Million Open Interest
Alibaba Group Holding (NYSE:BABA) Surges 36% In Last Quarter With Major Share Buyback
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Express News | Shares of US-listed Chinese Companies Are Trading Lower Following a Report Suggesting That US Treasury Secretary Bessent Wants to Pressure Trading Partners to Limit China's Involvement in Their Respective Economies. Hongkong Post Plans to Suspend...