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  • Article / 13 November 2017 at 8:00 GMT

    Morning Markets: Rumoured Tory plot to oust May hits GBP

    Senior Editor / Saxo Bank
    Denmark
    Morning Markets: Rumoured Tory plot to oust May hits GBP
    Sterling has fallen sharply against the dollar amid rumours of a plot to oust British PM Theresa May over her handling of the Brexit process. In equities, the Nikkei 225 has taken another worrying tumble, and the rest of the Asia-Pacific region is forging ahead with a trade deal while the US heads in its own protectionist, isolationist direction. This is a good time for pessimists.
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  • 3y
    AlexF AlexF
    Hi Peter you went long couple of week ago in BABA with SL at 105 as far as I remeber. Are entering again. Interested in knowing your...
    3y
    hercial Vitalis hercial Vitalis
    I wish you luck with long on Baba and Wells Fargo
    3y
    Martin O'Rourke Martin O'Rourke
    Hi hercial Vitalis. I think Peter made it clear he is staying away from Wells Fargo.
  • Editor’s Picks / 06 May 2016 at 5:55 GMT

    Alibaba defies challenging times with record jump in profit

    South China Morning Post
    Alibaba's net profit soared 193% yuan for the year to March 31. “Going forward we are prepared to continue investing in high-potential businesses that are highly strategic to Alibaba, from digital entertainment to local services to international expansion,” Alibaba executive vice-chairman Joseph Tsai said. “In these challenging times for the global economy, Alibaba is bucking the trend.” CFO Maggie Wu attributed the hefty gain to a 21% increase in annual active buyers on the firm’s China online retail platforms, including Taobao Marketplace and Tmall.com, to 423 million at the end of March. Alibaba’s Jack Ma has overtaken Wanda’s Wang Jianlin as Asia’s richest man.
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  • Editor’s Picks / 29 March 2016 at 6:32 GMT

    Alibaba embraces the sharing economy with flea market investment

    South China Morning Post
    Chinese e-commerce giant Alibaba is going to invest at least 100 million yuan this year to develop a digital flea market in China. The firm launched a used-goods mobile app called Xianyu (Idle Fish) in 2014 that has more than 100 million registered users. The firm is planning to invest the funds to introduce a flea market into 100 urban cities across the country. The trading online of second-hand goods has been booming in China recently, with Ganji.com offering classified advertisements, 58.com selling used cars and Dangdang second-hand books. CBNData says the used-goods trade market could reach 400 billion yuan in China this year.
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  • Editor’s Picks / 17 March 2016 at 21:33 GMT

    Rise of e-commerce shakes up Indian logistics

    Nikkei Asian Review
    These days, it is how the goods are delivered as much as the goods themselves that separates the winners from the losers. Often, the “last mile” presents the biggest hurdles. To clear those obstacles and gain an edge, Indian companies are pursuing acquisitions and innovative partnerships. Well-known e-commerce names are making use of India's traditional delivery network. Amazon.com has begun collaborating with corner stores. Online shopping is the fastest growing industry in India. The market has been expanding by more than 50% annually. Flipkart, the industry leader has a market share of over 40% and 46 million registered customers. Online retailing has taken off in India along with the growth in smartphone users.
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  • Editor’s Picks / 27 January 2016 at 5:38 GMT

    Chinese firms betting big on Indian internet startups

    The Times of India
    The drought is turning into a deluge. For years, Chinese investment in India remained a trickle. That looks set to change. Wanda, China's largest commercial real estate developer, announced investment worth $10bn in Haryana. About 100 small and medium Chinese enterprises have promised investments worth $1bn. In the startup space, Chinese companies are making aggressive and widespread investments. China's online travel company Ctrip has picked up a strategic stake in Makemytrip and Baidu unveiled discussions with multiple Indian internet startups for investments. This comes in the backdrop of Alibaba's high profile investments in Snapdeal and Paytm last year. And China's Tencent Holdings took a wager on Bangalore-based healthcare startup Practo last year.
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  • Editor’s Picks / 19 January 2016 at 0:09 GMT

    Alibaba plans rural shopping spree for Lunar New Year

    South China Morning Post
    Alibaba Group, which pioneered the Single's Day November 11 retail event, is poised to make an all-out assault on China's largely untapped rural e-commerce market, with the launch of a five-day Lunar New Year online shopping festival. “The 11.11 shopping festival is designed for netizens, while the Chinese New Year Shopping Festival is created for farmers,” Alibaba executive chairman Jack Ma Yun says. The world’s largest e-commerce services provider has mobilised Cainiao Logistics to bolster its “last-mile” delivery network to support the new festival. More than 500 premium overseas brands — including Uniqlo, Huggies, Estee Lauder and Lancome — will be available for the first time in the countryside.
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  • Editor’s Picks / 30 December 2015 at 5:30 GMT

    How Tmall became a midwife for offshore Chinese M&A

    Nikkei Asian Review
    Taobao, Tmall and other e-commerce sites have created a way for Chinese consumers to buy foreign goods. This sales channel has produced a surge in sales of vitamins, milk powder and other products Chinese buy on trips overseas. This online channel is also driving Chinese M&A activity overseas. Small and medium-sized foreign firms with strong online sales in China are ideal targets for Chinese companies. Being ranked as a top seller on Tmall makes it likely that a Chinese buyer will come calling. South Korean and Australian companies are prime acquisition targets – vitamin supplier Swisse Wellness Group is one example.
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  • Editor’s Picks / 22 December 2015 at 6:56 GMT

    China's e-commerce giants snap up bricks and mortar stores

    South China Morning Post
    China’s acquisition-hungry internet giants have snapped up bricks-and-mortar retailers as they expand their commercial ecosystems. The triumvirate of Baidu, Alibaba and Tencent has made $75 billion of investments in strategic partners since 2013, according to HSBC data, and analysts say China’s internet giants have the cash to keep on going. The internet firms aren’t just gobbling up other online players. Some $47bn has been spent on physical retailers and another $797 million on logistic providers. Analysts say this reflects the broad adoption of an online-to-offline, or “O2O”, strategy. Physical distribution is on Alibaba’s shopping list. JD.com's focus is on partnering with local supermarkets, convenience stores and pharmaceutical chains.
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