Alibaba – Page 2 – pressnews

[ad_1] The KraneShares CSI China Internet Fund, an exchange traded fund that includes more than 40 Chinese stocks, slid 13%. US-listed Chinese stocks tumbled in premarket trading, with investors spooked by President Xi Jinping's tightening grip on China's ruling party, as he embarks on a precedent-breaking third term with rivals gone and no successor in sight.The KraneShares CSI China Internet Fund, an exchange traded fund that includes more than 40 Chinese stocks, slid 13%. Major Chinese internet stocks from Alibaba Group Holding Ltd. to JD.com Inc. saw double-digit declines. In Johannesburg, Tencent Holdings Ltd.'s biggest shareholder Naspers Ltd. plunged 12%. Monday's selloff came after Xi packed the Politburo Standing Committee with six loyalists during the party's twice-a-decade ...

[ad_1] The energy crisis engulfing Europe is making consumers turn to electric blankets from China. The energy crisis engulfing Europe is making consumers turn to a solution thousands of miles away: electric blankets from China. Export data points to a surge that's buoyed the fortunes of companies like Shenzhen-based UTK Technology Ltd., a producer and seller of the blankets on e-commerce website Alibaba, which confirms demand has reached an unprecedented level this month. Daily inquiries from European buyers have increased fivefold, and most people request urgent shipping, according to Crane Jin, UTK's general manager. The company expects to deliver over 10,000 blankets to the continent in the next month. “We have bee...

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Sales of Electric Blankets From China Soar as Europeans Face Steep Fuel Bills