November 11, 2014 (Chinavestor) Alibaba Group Holding (NYSE:BABA) opened at over $117 this Monday before retreating back to $115-$116 after ten minutes of trading. This Chinese e-commerce giant has been on fire for the last three weeks. Last week especially strong for the stock, see chart below. BABA advance five times out of five trading days. Even better, the stock opened higher and continued to advance throughout the trading day for the last three complete trading days.
Smartphones Now Pack the Features
Though this stock has the lion’s share of China’s app market, it is noticeable that revenues are dwindling. We mentioned in the previous article how a lot of business models will operate one way but may be subject to an equal reaction in the opposite way. In this case, just as feature phones acted as the impetus for mobile communication, their mobile revolution would help invent the better functioning smartphones we see today.
October 16, 2014 (Chinavestor) Big reversal day on Wednesday. The Dow plunged 460 plus points before heading back north, slipping 173 points lower for the day. Investors may think such a day is disastrous for US listed Chinese stocks. Think twice. Baidu Inc. (NYSE:BIDU) actually advance $6.66 or 3.35%. And the list goes on. See it below.