China Market Update: Tencent Beats While Alibaba Has Mixed Earnings, Though Stock Connect Is A Significant Catalyst

view original post

China E-commerce revenue increased by +4% YoY to RMB 93.216B ($12.91B), while international e-commerce gained +45% YoY to RMB 27.448B ($3.802B). Alibaba announced that it will file for Hong Kong to be its primary listing by August,