Alibaba to benefit more from cross-border link, trading history of Tencent, Meituan shows

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Alibaba to benefit more from cross-border link, trading history of Tencent, Meituan shows - SCMP

Quick Summary:

Tencent gained 23 per cent in the six months after joining Stock Connect, while Meituan and Xiaomi more than doubled over 12 months.

Through the southbound channel of the connect programme, mainland investors with 500,000 yuan (US$70,218) worth of assets in broker accounts can trade Alibaba’s shares and other qualified Hong Kong-listed stocks.

Over a 12-month horizon, the rally was even more pronounced for some stocks, with Meituan and Xiaomi more than doubling in that span.