The Chinese e-commerce operator reported fourth-quarter results overnight that were inline / slight beat to expectations in terms of both revenue and earnings while its annual active customer accounts were below consensus estimates. That saw a ~15% decline in the stock dragging down other U.S.-listed Chinese stocks.
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Global X China Robotics and AI ETF (HK 2807)
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Buy Hold Sell: The best and worst performers of FY25
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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BetaShares Asia Technology Tigers ETF (ASIA)
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM believes Chinese Ecommerce stocks are cheap
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