Straits Times Index
3,297.55 -26.98 (-0.81%) Nikkei
38,814.56 +94.09 (+0.24%) Hang Seng
17,941.78 -170.85 (-0.94%) FTSE 100
8,146.86 -16.81 (-0.21%) Bitcoin USD
66,141.72 -143.91 (-0.22%) CMC Crypto 200
1,371.02 -46.85 (-3.30%)
PDD Jul 2024 85.000 call
| Previous close | 32.45 |
| Open | 31.75 |
| Bid | 35.05 |
| Ask | 36.00 |
| Strike | 85.00 |
| Expiry date | 2024-07-19 |
| Day's range | 31.40 - 32.45 |
| Contract range | N/A |
| Volume | |
| Open interest | 14 |
South China Morning PostPDD Holdings' Colin Huang and ByteDance's Zhang Yiming top China's tech rich list
Colin Huang Zheng, the 44-year-old founder of PDD Holdings, and Zhang Yiming, the 41-year-old founder of ByteDance, are the richest tech entrepreneurs in China, according to a list published by Chinese magazine New Fortune on Wednesday. Huang, whose wealth is largely derived from the popularity of budget e-commerce platforms Pinduoduo and Temu, has a personal wealth of 425 billion yuan (US$59 billion), followed by Zhang, whose 21 per cent stake in TikTok's parent company gives him a personal net
ReutersChina's discount wars risk cementing frugal consumer mindset
SHANGHAI (Reuters) -An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy. From coffee to cars to clothes, China's discount retailers have cut prices on just about everything as they chase a consumer whose confidence has been battered by a property crisis, high unemployment and a gloomy economic outlook. "If this situation continues, China may end up with what we call a vicious cycle: lower value added consumption, deflation, low profit rates leading to low wages, which further pushes consumers to downgrade their consumption," said He-Ling Shi, an economics professor at Monash University in Melbourne.
Simply Wall St.While shareholders of PDD Holdings (NASDAQ:PDD) are in the black over 5 years, those who bought a week ago aren't so fortunate
For many, the main point of investing in the stock market is to achieve spectacular returns. And we've seen some truly...
