Core Insights - J&T reported strong operating data for 2Q25, with parcel volume increasing by an average of 24% YoY, primarily driven by a remarkable 66% YoY growth in the Southeast Asia (SEA) market [1][2] - The earnings forecast for 2025E/26E has been revised, with an increase of 18% for 2025E and a slight decrease of 2% for 2026E, reflecting an upward adjustment in parcel volume forecasts despite a minor reduction in pricing assumptions [1] - The target price (TP) has been raised to HK$10 from HK$6.9, indicating a positive outlook for J&T in the Hong Kong market due to its market share gains in the SEA region [1] Southeast Asia Market - The SEA volume surged by 66% YoY to 1.69 billion units, with growth accelerating from 50% in 1Q25, benefiting from strong sales growth from platforms like Temu, Shein, and TikTok [2] - Management believes that J&T has further strengthened its competitive advantage over major peers in terms of parcel volume growth in the SEA market [2] China Market - In China, parcel volume grew by 15% YoY to 5.6 billion units, although the growth rate slowed from 27% in 1Q24 [3] - The largest customer in China is PDD, followed by Douyin and Alibaba, with reverse parcels and individual orders accounting for 7% of total volume [3] - Management expressed a conservative outlook due to uncertainties from intense price competition [3] New Markets - New markets experienced a 24% YoY increase in volume to 89 million units, driven by growth in the Brazilian market [4] - J&T has initiated cooperation with Mercado Libre this year, and the entry of more e-commerce platforms into Brazil presents additional growth opportunities [4]

Global Research ab 9 July 2025 First Read Alibaba Group 1QFY26 preview; Stepping up quick commerce investments 1QFY26 preview We estimate revenue +1% YoY to Rmb246bn for 1QFY26, dragged by the deconsolidation of 1P offline retail assets (SunArt and InTime), which used to account for HSD% of group revenue. By segment: 1) Taobao Tmall Group (TTG) and local services: We expect GMV to +5% YoY (slightly lower than NBS online physical goods retail sales +7% YoY for Apr-May). CMR should grow faster at +11% YoY, th ...

July 9, 2025 12:10 PM GMT Alibaba Group Holding | Asia Pacific 1QF26 Preview: Earnings Pressure with Heightened Investments | What's Changed | | | | --- | --- | --- | | Alibaba Group Holding (BABA.N) | From | To | | Price Target | US$180.00 | US$150.00 | With estimate ~Rmb10bn in instant commerce investments and expect consolidated EBITA to fall 16% YoY (TTG + local services EBITA -20%) in F1Q with investments potentially peaking (~Rmb20bn) in F2Q. We forecast cloud revenue growth at 22% YoY. Reiterate OW a ...

اوكي القصه كلها بلشت ب 2008 لما جايت وترافس كانوا من مؤتمر بفرنسا وطالعين يتعشوا بالمطعم الدنيا شتاء ونحن عم نحكي فصل الشتاء بفرنسا بارد كثير واثنين اصحاب عم وقفوا او واقفين عم بيستنوا التاكسي وهم عم بوقفوا او هم واقفين تحت هي الظروف البارده والطقس البارد قعدوا يف فكروا وكانوا تايم ديسابوينتد انه قد ايه صعب اليوم نلاقي تاكسي بسهوله على شان نقدر نوصل للنكست ديستنيشن ولما بلشوا يفكروا اكثر صاروا يقولوا انه لا الموضوع مش بس عشان اليوم الدنيا برد الموضوع كثير اكبر من هيك الصعوبات اللي نحن عم نواجهها مش بس عشان ...

Key Takeaways Wix partners with Monotype to add top-tier fonts, enhancing design for all creators. New fonts span from Helvetica to Recoleta, supporting brands, agencies and entrepreneurs. Wix eyes AI, Studio and Alibaba ties to drive growth, but stays cautious amid volatility.Wix.com Ltd. ((WIX) recently partnered with Monotype Imaging Inc., a renowned name in typography and font technology. The collaboration significantly expands Wix’s font library, offering users, including self-creators, professional ...

July 7, 2025 07:58 PM GMT Investor Presentation | Asia Pacific Tuesday TMT Webcast: China's AI Semi Development in a Global Context; TSMC Preview | M | | | | --- | --- | --- | | | | Update | | July 7, 2025 07:58 PM GMT | | | | Investor Presentation Asia Pacific | Morgan Stanley Taiwan Limited+ | | | | Charlie Chan | | | | Equity Analyst Charlie.Chan@morganstanley.com | +886 2 2730-1725 | | Tuesday TMT Webcast: China's | Daniel Yen, CFA | | | | Equity Analyst | | | AI Semi Development in a | Daniel.Yen@morga ...

Alibaba is seeking to raise $1.5 billion from the sale of bonds exchangeable into shares of Alibaba Health Information Technology https://t.co/1tx0AFCwHF ...

The partnership is anchored in three strategic initiatives: 1. Alibaba.com Seller App Integration with Wix Marketplace 2. Smart and Efficient Sourcing from Alibaba.com for Wix Merchants Integrated tools and exclusive benefits empowering millions of entrepreneurs across both platforms to seamlessly source products and drive sales worldwide NEW YORK – Alibaba.com, a leading global business-to-business (B2B) marketplace, and Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally, today ...

Global Markets Strategy 29 June 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Equity Strategy 2H25 outlook: downside risks & upside optionality Equity Macro Research Wendy Liu AC (852) 2800-1087 wendy.m.liu@jpmorgan.com J.P. Morgan Securities (A ...

June 26, 2025 02:15 PM GMT China Healthcare | Asia Pacific 2025 NRDL and Commercial Insurance Drug List to Start Negotiation Key Takeaways Eligibility: Eligibility for NRDL negotiations is similar to previous years, including new drugs or indications approved before June 30, 2025, rare disease and pediatric drugs, etc. In addition, drugs eligible for the Commercial Insurance List include: 1) new drugs approved during 1/1/2020-6/30/2025; 2) rare disease drugs. Timeline: The NRDL negotiations may be moved ahe ...