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China Shares Closed: Alibaba Rose More Than 2% Lanting Pavilion Set Potential Fell Over 9%
- Oct 31, 2018 -

Introduction: Among the well-known shares, Alibaba rose 2.15%, Jingdong rose 1.82%, Baidu rose 0.89%, Sina dropped 0.42%, Weibo rose 0.77%, Netease rose 1.52%, Sohu fell 1.98%.

Tencent Securities, Oct. 31 Xinhua in the U. S. listed in the stock market on Tuesday closed up or down, Alibaba and other seven well-known shares are also up or down, including Alibaba rose more than 2%, but Sohu fell nearly 2%.

Among other stocks, Reiss education and Fu Wei films both rose by more than 10%. On the other hand, China's circulation energy, point cattle finance and Pu Xin education dropped by more than 10%. Lanting Pavilion's rally fell more than 9% due to the delisting of the New York stock exchange. Known as the "video three masters" in China's stock market, Zali, Aiqi and Tiger Tooth rose by more than 5%, 3% and 2% respectively. In the larger market capitalization stocks, many spells fell 0.98%, Ctrip increased 2.06%, and the good future rose 3.37%.

Among the well-known shares, NYSE: BABA rose 2.15%, NASDAQ: JD rose 1.82%, Baidu (NASDAQ: BIDU) rose 0.89%, Sina (NASDAQ: SINA) fell 0.42%, Weibo (NASDAQ: WB) rose 0.77%, Netease (NASDAQ: NTES) rose 1.52%, and Sohu (NASDAQ: SOHU) fell 1.98%.

Among other big gainers, REDU, FFHL, MOXC, CTK and CCIH rose 16.50%, 12.30%, 9.89%, 8.55% and 7.55% respectively.

On the other hand, the bigger declines include: China's recycling energy (CREG) fell 18.75%, Diniu Finance (DNJR) fell 12.33%, Park Xin Education (NEW) fell 11.30%, Lanting rally (LITB) fell 9.57%, Acorn International (ATV) fell 8.70%.

The related information in the near future is listed below:

Ma Yun's last letter to Dongxin: when business is hard to do, it is time to fulfill its mission.

On the evening of October 30, Ma Yun wrote to all shareholders for the last time in his capacity as chairman of Alibaba's board of directors, saying, "When business is difficult, it is precisely when we fulfill our mission of"letting the world have no hard business". In his letter, Ma Yun said that he would devote more time to education, public welfare and environmental protection, and I would certainly not and could not allow myself to be free. But this time, I had enough time to pick out a few things that I was interested in, interesting and meaningful.

On the evening of October 30, Alibaba Group CEO Zhang Yong also issued an open letter to shareholders to exchange information on the past financial year group and shareholders, and to share the future thinking and direction of action of Alibaba. In an open letter, Zhang Yong said that Alibaba Group's business has maintained rapid growth over the past year, setting a new record. Ali core business GMV reached $760 billion, and group revenue grew by 58% over the same period last year, the highest growth rate since IPO.

Lanting Pavilion gathering potential received the NYSE delisting warning, closing price for 30 consecutive trading days less than 1 U.S. dollars

The company received a letter from the New York Stock Exchange on Tuesday that it failed to meet the minimum limit for continuing to list its U.S. depositary receipts because their average closing price was below $1 for 30 consecutive trading days, foreign media reported. The New York Stock Exchange requires listed companies to close at least $1.00 per share on an average of 30 consecutive trading days. Lanting Pavilion has 6 months to make up for its flaws.

Sunning logistics works hand in hand with Jingdong logistics cooperation to explore intelligent supply chain service

In October 30th, Xin Ning logistics (300013) signed a strategic cooperation agreement with Jingdong's logistics group. The two sides will carry out in-depth cooperation in many fields, such as integrated supply chain solutions, urban intelligent logistics, cross-border e-commerce and so on, in order to seek a higher level of win-win development of intelligent logistics industry chain and service chain.

Big Mo: maintain Baidu's "overweight" rating, but the target price will be reduced to $250.

Morgan Stanley released a study today, maintaining its "overweight" rating on Baidu stocks, but lowered its target share price to $250 (21 times forward P/E 2019). Morgan Stanley said Baidu might not be able to avoid macro risks. Baidu's large cash holdings will help protect against adverse environmental factors, and investment in artificial intelligence will drive long-term growth. After a 22% correction so far this year, the current forward price-earnings ratio for 2019 is 16 times, down from 15 to 25 times since 2014.

GREE group and B station cooperate to promote VTuber business development in China

On October 30, the Japanese GREE Group issued a statement, saying it will cooperate with China's largest second-tier video platform, Triton (B station), to promote the development of VTuber (virtual UP host) and mobile VTuber games in Japan and China.