Alibaba Group Holding Ltd (9988.HK)

Alibaba is “becoming an open-technology-platform enterprise to provide infrastructure services for AI innovation and transformation in thousands of industries”, CEO Eddie Wu Yongming told the audience at the World Internet Conference in Wuzhen, eastern Zhejiang province – an annual gathering of the country’s internet executives and government officials.

It was the first time that Wu, an Alibaba co-founder who took the reins from Daniel Zhang Yong in September, spoke publicly about his vision for the 24-year-old tech giant, which is undergoing a sweeping restructuring to break its sprawling business into six units, including e-commerce, cloud computing and entertainment.

Cansino Biologics Inc-H (6185.HK)

CanSino Biologics Inc. announced that, the phase I trial for Recombinant Zoster Vaccine (Adenovirus Vector) (the Recombinant Zoster Vaccine) developed by the Group in cooperation with Vaccitech (UK) Limited, was officially initiated recently in Canada and the first trial patient case has been formally enrolled. Phase I trial for RecombinantZoster Vaccine (includes intramuscular injection and inhaled version) is to evaluate its safety and preliminary immunogenicity. The recombinant Zoster Vaccine adopts ChAdOx1 Vector technology route.

The Adenovirus Vector vaccine is capable of triggering cellular immunity and humoral immunity simultaneously, and the vaccine candidate also adopts internationally leading process technology and a quality management and control system that meets international standards.

Galaxy Entertainment Group Ltd (27.HK)

Galaxy Entertainment's revenue more than quadrupled in 3QFY23, supported by its Macau gaming business after the lifting of Covid-19 restrictions. Total net revenue jumped 375% to HK$9.65bn (US$1.23bn).

The integrated resorts operator posted adjusted earnings before interest, taxes, depreciation of HK$2.77bn (US$354.7m) in the quarter, swinging from a loss of HK$581m (US$74.4m) a year earlier. Looking forward, the company remains confident in its outlook for Macau, a destination of choice for travellers from mainland China.

September, spoke publicly about his vision for the 24-year-old tech giant, which is undergoing a sweeping restructuring to break its sprawling business into six units, including e-commerce, cloud computing and entertainment.

HSBC Holdings Plc (5.HK)

HSBC Holdings plc has agreed to sell its wealth offerings and retail and business banking businesses in Mauritius to Absa Group, the latest push by Europe’s biggest lender to offload international units. The transaction includes assets and liabilities tied to about 38,000 customers.

HSBC will continue to offer services to mid-size companies and large corporates headquartered in Mauritius as well as to the local subsidiaries of international firms. “Our decision to sell these operations reflects our desire to focus on our strengths as a leading international bank in Mauritius,” said Greg Lowden, CEO of HSBC in Mauritius. “We will continue to serve the needs of our international customers.”

Lenovo Group Ltd (992.HK)

Lenovo Group announced that its online sales for this year's Double 11 Shopping Festival exceeded CN¥7bn (US$960.2m). The computer digital sales chart on JD also shows that LENOVO laptops have become the champion of brand sales during the Double 11.

It is learnt that LENOVO's Double 11 promotions this year revolve around the theme of "good things, good service, saves all the way", abandoning the complicated discount rules. Moreover, during the pre-sale period, LENOVO not only provided value-added pre-sale products, but also a large number of products were already on sale.

Source: Rakuten Research - 15 Nov 2023

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