Business
Alibaba’s Cross-Border Link Advantage: An Analysis of Tencent, Meituan, and Xiaomi’s Trading Performance on Stock Connect
Alibaba is poised to reap significant advantages from its international alliance, as indicated by the trading performance of Tencent and Meituan. Following their integration with Stock Connect, Tencent saw a 23% increase over half a year, while Meituan and Xiaomi more than doubled their value within a year.
On its initial day of availability through the program on Tuesday, Alibaba delivered an outstanding performance, seeing a 4.2 per cent increase. This surge placed it as the second top-performing company on the Hang Seng Index. Trading volume also dramatically rose to nearly four times the 30-day average, with a transfer of 207 million shares, as per data from Bloomberg.
Through the southern route of the connect program, investors from the mainland with assets worth 500,000 yuan (equivalent to US$70,218) in brokerage accounts are permitted to trade shares of Alibaba and other eligible stocks listed in Hong Kong.
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