Alibaba Group Holding Ltd (9988.HK)

China’s online commerce leader unveiled plans last week to split its US$250bn empire six ways, a historic restructuring that frees up divisions from e-commerce and media to the cloud to operate more autonomously and seek IPOs. CEO Daniel Zhang hosted a conference call last Thursday to explain the changes, but declined to specify a timeline for any IPOs except to say they will evaluate market conditions.

The biggest overhaul in Alibaba’s history could serve as a model for a shake-up of the broader technology sector, achieving Beijing’s aim of curtailing increasingly powerful private firms while unlocking shareholder value. The shuffle is regarded as addressing two imperatives: Appeasing a government distrustful of Big Tech, while assuaging investors traumatised by a yearslong regulatory crackdown.

Galaxy Entertainment Group Ltd (27.HK)

Galaxy Macau Integrated Resorts collaborates with Macau SAR Government to promote the unique "travel + food" concept, enticing tourists with a diversified range of leisure and dining options, building the city's reputation as a "World Centre of Tourism and Leisure". With the supporting from Macao Government Tourism Office, Galaxy Macau™ is set to reinforce Macau's reputation as a UNESCO Creative City of Gastronomy with the launch of the "Tastes of Macau, Artisans of Flavor" campaign.

In a speech at the dinner, Mr. Raymond Yap Yin Min, Senior Director – Integrated Resort Services of Galaxy Entertainment Group, emphasised the vital role that dining plays in the city's tourism industry. "Gourmet dining has become an essential tourist attraction for the region.

Geely Automobile Holdings Ltd (175.HK)

Geely Automobile Holdings Ltd has been waffling under the EV transition. The company is now investing in hybrids and greener, more efficient internal combustion engines.

The price wars and current chaos should force a deeper reckoning in China’s burgeoning EV market, which is now veering toward overcapacity. Factory utilisation rates are around 60% and could go lower as more manufacturing plants come online. Beijing has already warned about risks of a glut.

JD.com Inc (9618.HK)

E-commerce firm JD.com Inc said it planned to spin off its property and industrial units and list them on the Hong Kong Stock Exchange, the latest revamp in the Chinese technology sector after a sweeping regulatory crackdown. The company said it would continue to hold a stake of more than 50% in the units, JD Industrials and JD Property, upon completion of the proposed spin-off.

This is not the first time JD.com has tried to reinvent itself. The Beijing-based company spun off its logistics unit into a standalone entity in 2017 and then opened up its delivery and warehousing services to third-party companies.

Sands China Ltd (1928.HK)

Sands China Ltd has signed a new Comprehensive Strategic Partnership agreement with China’s Star CM Holdings Limited aimed at further developing diverse tourism projects in Macau. Star CM is described as the largest IP creator and operator of variety shows in China.

The new partnership agreement will elevate their long-term partnership to a new level with the objectives of creating more diverse tourism projects and supporting Macau in becoming a world centre of tourism and leisure.

Source: Rakuten Research - 5 Apr 2023

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo