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Yahoo
2 minutes ago
- Yahoo
Bridgewater exited all US-listed China stocks in the second quarter
By Summer Zhen HONG KONG (Reuters) -Bridgewater Associates sold all its U.S.-listed China shares in the second quarter, signalling a major shift in its portfolio allocation, as the trade war between the world's two largest economies escalated. One of the world's biggest hedge funds, Bridgewater sold its entire holdings in about 16 Chinese stocks and two China-focused exchange-traded funds with a total value close to $1.5 billion, Reuters calculated, based on a U.S. regulatory filing on Wednesday. The filing, which is a quarterly mandatory requirement for investment managers to disclose U.S. equity holdings, does not include Bridgewater's holdings in Chinese stocks outside of the U.S, such as those listed in Hong Kong or mainland A-shares. Bridgewater didn't immediately respond to a Reuters' request for comment. Over the April to June period, Bridgewater's largest selling included 5.7 million shares in Chinese e-commerce giant Alibaba, 2.8 million shares in online retailer and 2 million shares in search engine firm Baidu, the filing showed. Meanwhile, it added more shares in major U.S. tech firms including Nvidia, Alphabet and Microsoft. Founded by billionaire and longtime China bull Ray Dalio about 50 years ago, the Connecticut-based fund has been an active China investor for many years. Dalio sold his remaining stake in Bridgewater last month. Bridgewater launched its China onshore fund in 2018 and has since rapidly grown its assets under management in China to about 50 billion yuan ($6.96 billion). The fund's risk-off stance on China comes as U.S. President Donald Trump raised tariffs on imports from China to over 100% in early April, which China reciprocated. The tit-for-tat moves sent shockwaves through global markets, leading to big corrections in both U.S. and China stocks in April. Investor concerns over the possible forced de-listing of Chinese companies from U.S. exchanges have also mounted. ($1 = 7.1807 Chinese yuan renminbi)
Yahoo
2 minutes ago
- Yahoo
ONESECURE Unveils Innovative WEBYITH Service to Combat Web Defacement and Web Spoofing
SINGAPORE, Aug. 15, 2025 /PRNewswire/ -- In an era where digital threats are more prevalent than ever, ONESECURE is proud to introduce WEBYITH, an innovative service designed to combat the growing threats of web defacement and web spoofing. As cyber threats continue to evolve, businesses need robust solutions to protect their online presence. WEBYITH leverages advanced algorithms and real-time monitoring to provide comprehensive protection against unauthorized changes and deceptive practices. In today's digital age, the security of online platforms is paramount. Web defacement and web spoofing are two of the most prevalent threats that can compromise the credibility and trustworthiness of a business. Web defacement involves unauthorized alterations to a website's appearance, often replacing legitimate content with malicious messages or images. On the other hand, web spoofing tricks users into believing they are interacting with a legitimate website, leading to potential data breaches and financial losses. WEBYITH is ONESECURE's latest innovation, specifically engineered to detect and mitigate these threats. Leveraging advanced algorithms and real-time monitoring by ONESECURE's 24x7 Security Operation Centres, WEBYITH provides comprehensive protection against unauthorized changes and deceptive practices. This service not only identifies and alerts businesses to potential threats but also offers actionable insights to prevent future occurrences. "WEBYITH represents a significant leap forward in our commitment to cybersecurity," said Edmund How, Managing Director of ONESECURE. "As cyber threats continue to evolve, it is crucial for businesses to stay ahead of the curve. WEBYITH empowers organizations to safeguard their online presence, ensuring that their customers can trust the integrity of their digital interactions." ONESECURE's significant investment in developing WEBYITH underscores their dedication to creating innovative solutions that address the unique cybersecurity challenges faced by modern businesses. WEBYITH's key features include: Real-Time Monitoring: Continuous surveillance of websites to detect any unauthorized changes or suspicious activities by ONESECURE 24x7 Security Operation Centres. Human Validation: Cybersecurity professionals validate the findings to ensure accuracy and provide an additional layer of protection. Actionable Insights: Detailed reports and recommendations to help businesses strengthen their security measures. User-Friendly Interface: An intuitive platform that makes it easy for businesses to manage their online security. ONESECURE invites businesses of all sizes to experience the benefits of WEBYITH. With its robust features and unparalleled protection, WEBYITH is poised to become an essential tool in the fight against cyber threats. For more information about WEBYITH and to schedule a demo, please visit About ONESECURE ONESECURE Asia, a subsidiary of Secura Group Limited, is a leading provider of cybersecurity solutions, dedicated to protecting businesses from the ever-evolving landscape of cyber threats. With a focus on innovation and excellence, ONESECURE offers a comprehensive suite of services designed to safeguard digital assets and ensure the integrity of online interactions. For more information, visit Media Contact:Crystal OngEmail: pr@ +65 6978 6688 View original content to download multimedia: SOURCE ONESECURE ASIA PTE LTD Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
4 minutes ago
- Bloomberg
Price War Hits to China Corporate Profits Confirm Investor Fears
Two of China's corporate heavyweights Inc. and Geely Automobile Holdings Ltd. have revealed the scope of the earnings impact they're having from brutal price competition, and investors are hitting the sell button. Shares of slid as much as 4.5% in Hong Kong after the online retailer reported quarterly profit halved from a year ago. Electric-vehicle maker Geely's stock tumbled nearly 6% on a drop in net income before erasing the loss. Respective rivals fell in sympathy, and the Hang Seng China Enterprises Index sank 1.5%.
