PRE-MARKET CHINESE STOCKS NEWS: Alibaba (9988 HK) plans to spin off its chip unit T-Head through a separate Hong Kong listing
ORIGINAL · NewsquawkPRE-MARKET CHINESE STOCKS NEWS: Alibaba (9988 HK) plans to spin off its chip unit T-Head through a separate Hong Kong listingRead originalHide original
Alibaba (9988 HK) - Co. plans to spin off its chip unit T-Head through a separate Hong Kong listing, following a confidential application filed on 11th September and confirmation from the Hong Kong Stock Exchange that the spin-off can proceed. (Dow Jones Newswires) China Suntien Green Energy (956 HK) - Co. October power generation rose 68.2% Y/Y to 1.60TWh. (Newswires) Gemdale (600383 CH) - Co. October (CNY) contracted rev. fell 8.9% Y/Y to 1.75bln. (Newswires) Hubei Energy (000883 CH) - Co. October power generation fell 16.4% Y/Y to 2.95bln kWh. (Newswires) Pou Sheng International (3813 HK) - Co. October (CNY) rev. fell 20.6% Y/Y to 1.36bln. (Newswires) Yue Yuen Industrial (551 HK) - Co. October (USD) rev. fell 2.3% Y/Y to 683mln. (Newswires) Z.AI (2513 HK) - Co. announced plans to repurchase up to HKD 4.0bln worth of H shares. (Newswires) Autos - Chinese EV exports reached a record high for a second consecutive month in October, with overseas sales of pure electric and plug-in hybrid vehicles surging 144.7% Y/Y to 582k units, according to CPCA data. (SCMP)
The November 11 item reports Alibaba’s planned T-Head listing, mixed October company results, a planned Z.AI repurchase and record Chinese EV exports.
News detail
Alibaba (9988 HK) - Co. plans to spin off its chip unit T-Head through a separate Hong Kong listing, following a confidential application filed on 11th September and confirmation from the Hong Kong Stock Exchange that the spin-off can proceed. (Dow Jones Newswires) China Suntien Green Energy (956 HK) - Co. October power generation rose 68.2% Y/Y to 1.60TWh. (Newswires) Gemdale (600383 CH) - Co. October (CNY) contracted rev. fell 8.9% Y/Y to 1.75bln. (Newswires) Hubei Energy (000883 CH) - Co. October power generation fell 16.4% Y/Y to 2.95bln kWh. (Newswires) Pou Sheng International (3813 HK) - Co. October (CNY) rev. fell 20.6% Y/Y to 1.36bln. (Newswires) Yue Yuen Industrial (551 HK) - Co. October (USD) rev. fell 2.3% Y/Y to 683mln. (Newswires) Z.AI (2513 HK) - Co. announced plans to repurchase up to HKD 4.0bln worth of H shares. (Newswires) Autos - Chinese EV exports reached a record high for a second consecutive month in October, with overseas sales of pure electric and plug-in hybrid vehicles surging 144.7% Y/Y to 582k units, according to CPCA data. (SCMP)
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