Alibaba will be able to tap into a poll of 220 million stock investors in mainland China.
. These investors can access Alibaba shares via Stock Connect, a mutual market access program between the Shanghai Stock Exchange, Shenzhen Stock Exchange and HKEx.Morgan Stanley estimates that mainland Chinese investors will be able to access the stock as soon as Sept. 9.
“Southbound could own around 7 percent of all shares by six months after inclusion; in the long term the percentage may stabilize around the low teens. When we look at a longer-term period, including Tencent, Southbound ownership represents an average of 11 percent of total shares of these companies,” Morgan Stanley said in a report published last June.
Alibaba’s stock rose 0.7 percent in Hong Kong on Friday, taking its gains to 10 percent year-to-date. The e-commerce giant’s revenue growth slowed to 4 percent in the second quarter as it navigates an economic slowdown while seeking growth via itswith virtual try-ons, avatars and an IRL runway in a four-room pavilion on the Avenue des Champs-Elysées.
The company also debuted its Smart Virtual Boxing project at Wonder Avenue, using the Qwen AI to analyze moves and performances of each contestant in a virtual boxing match, providing real-time commentary and predicting future performance.Sha'Carri Richardson Wears Custom Nike Dunk Corset at Team USA Basketball's Gold Medal-winning Match with Jimmy Fallon During the 2024 Paris Olympics. We use vendors that may also process your information to help provide our services.
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