China’s home sales surged to a record high last month, despite a prolonged government campaign to curb property speculation.
Sales by value, excluding affordable housing, jumped to a record 1.45 trillion yuan ($225 billion) in December, gaining 21 percent at the fastest pace in six months, according to Bloomberg calculations based on data released Thursday by the National Bureau of....More>>>
The market has cooled on Chinese dot-com stocks in recent months, but I’m not the market. I initiated a position in Sogou (NYSE:SOGO) earlier this month. China’s second-largest search engine went public at $13 in early November, and after an initially warm investor reception, the stock started to break down. It’s been a busted IPO — trading below $13 — since late November.
Alibaba Group Holding Ltd could be set for a period of rapid growth ahead and could be a safe long-term bet.
The push into the cloud services market has proved a revelation for a number of companies such as Microsoft (NSDQ:MSFT), International Business Machines (NYSE:IBM), Amazon (NSDQ:AMZN)etc. as the global public cloud services market is expected to be worth nearly $300+ billion over the....More>>>
Asian shares are set for a slightly higher open, after a muted close in the U.S. Treasuries extended their recent decline and the dollar advanced as investors looked past trade comments by President Donald Trump amid a fresh batch of solid economic data.
Futures in Japan, Australia and South Korea all pointed to modest gains. The S&P 500 Index closed slightly lower after Trump raised....More>>>
Unless you’ve been hiding in a cave, you’ve surely noticed trade tensions between the U.S. and China heating up. As recently as May, China planned to reduce import tariffs on many vehicles from 25% to 15%. Then tensions escalated, and in response to President Donald Trump’s move to impose tariffs on $34 billion worth of Chinese goods, China slapped tariffs on U.S. products, including....More>>>