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One of the Chinese technology giants is trying to find its way back to the top. Alibaba Group has stepped the upwards trajectory of its total revenue, net income and the value of its stocks. In fiscal year Alibaba earned almost 10 bn USD in net income. Over 50 percent more than just two years ago.

Despite the recent short-term gain of the U.S. dollar, mainly due to escalating conflict in the Middle East, the greenback has experienced sustained weakening against other major currencies over the past couple of months. This trend began as interest rate cuts by the Federal Reserve became more likely, resulting in the bigger than expected September cut, coinciding with signs of deterioration in the U.S. economy. Meanwhile, the Chinese government is increasingly trying to assert the yuan’s dominance in global markets. How likely is it to succeed?

The largest Chinese commercial bank announced a soft decrease of its operating and net profit in the first quarter of 2024. Despite such a development its stocks have gained almost 35 percent since the beginning of this year. The outlook for the rest of 2024 seems to be stable as the ICBC believes to achieve the objectives and tasks of the 14th five-year plan.

The leading distiller of Chinese baijiu liquor Kweichow Moutai reported solid first-half results that have sent its stocks higher for a while. On the other hand, Kweichow Moutai is facing the general concerns about the development of the entire Chinese economy. Is it an opportunity to buy, or are we witnessing the decline of the Chinese liquor producer titan?

The largest South Korean company submitted impressive results in the first three months of 2024. Samsung Electronics´ net profit increased by more than 300 percent, operating profit even skyrocketed by 930 percent in comparison to the previous year. But company´s stocks, according to Alpho analysis, do not respond to such a development although results have beaten the market expectations.