Market Chatter: Alibaba, JD.com-Backed LimX Dynamics Plans Up to $300 Million Hong Kong IPO

MT NewswiresAug 18 19:32

[HK Stocks] Hang Seng Index closed 17 points lower for the day; Alibaba rose over 3%, supporting the broader market, while Zhipu briefly breached the HK$1,000 mark.

Overnight (on the 17th), the three major U.S. stock indices closed lower by 0.3% to 0.5%, as renewed tensions in the Middle East pushed international oil prices up by more than 2%. This morning (on the 18th), the Hang Seng Index opened 84 points lower, with losses widening to over 200 points at one stage. However, Hong Kong stocks reversed course in the afternoon, with the Hang Seng Index closing slightly higher by 17 points, or 0.07%, at 25,471 points. Total market turnover for the day amounted to HK$255.541 billion. The Hang Seng China Enterprises Index closed up 13 points, or 0.16%, at 8,453 points, while the Hang Seng Tech Index fell 42 points, or 0.9%, to close at 4,739 points. Alibaba-W (09988.HK) supported the broader market.

AASTOCKSAug 18 16:36

Yacht brand under Liu Qiangdong acquires 80% stake in yacht manufacturer OceanWalker

Chinese media, citing sources, reported that Sea Expandary, a yacht brand founded by JD.com (09618.HK) founder and Chairman Liu Qiangdong in February this year, has recently completed the acquisition of an 80% stake in yacht manufacturer OceanWalker. The move is expected to enhance yacht production capacity, address gaps in niche boat models, refine the smart manufacturing layout, shorten product delivery cycles, and accelerate the realization of the vision to become the world’s largest eco-friendly smart yacht full-industry-chain ecosystem group. Data shows that OceanWalker was established in 2022, operates shipyards in China, and has a distributor network covering

AASTOCKSAug 18 15:09

JD.com Is Maintained at Neutral by Susquehanna

Dow JonesAug 17 20:26 · Ratings

Express News | JD.com, Inc. : Susquehanna Cuts Target Price to $30 From $35

BreakingsAug 17 18:03

BofA Securities Reiterates 'Buy' Rating on JD.com (09618.HK); Q2 Results Slightly Beat Expectations

Bank of America Securities stated in a research report that JD.com-SW (09618.HK) reported second-quarter results slightly above market expectations, with profitability broadly in line with investors' raised forecasts. The group has previously recorded significant positive earnings surprises multiple times, and given the substantial narrowing of losses in the food delivery sector during the second quarter, the market had anticipated that strong quarterly performance would translate into a higher full-year profit guidance. However, as the full-year guidance remained unchanged, Bank of America Securities described this as disappointing. The group's losses from new businesses narrowed to RMB 9.9 billion in the second quarter, with losses from the food delivery business narrowing to RMB 6.0 billion. The bank currently projects a gradual narrowing of losses from new businesses from 2026 to 20

AASTOCKSAug 17 16:04