US stock market

The share prices in Chinese Internet sector surged by a total of 15% YTD, Goldman Sachs released a research report saying. With TENCENT (00700.HK)  +7.200 (+1.941%)    Short selling $845.93M; Ratio 10.947%   and BABA-SW (09988.HK)  +3.200 (+4.105%)    Short selling $653.21M; Ratio 10.287%   set to release results tomorrow, Goldman Sachs focused on a number of key figures from the results of the two companies mentioned above.

According to sources cited by Bloomberg, investors led by US investment firm Starwood Capital are considering a buyout of ESR (01821.HK)  0.000 (0.000%)   , and are discussing with minority shareholders to study their interest in accepting the privatisation offer. The formal announcement for such an offer would be made as soon as today (13 May). The source stressed that the discussions are still at a preliminary stage and no decision has been made yet.

Japan, the US and Europe plan to crack down on the counterfeit goods issue, such as online cross-border trading of counterfeit designer brand goods, according to Kyodo News.

Data released by the China Passenger Car Association (CPCA) showed that in April, the penetration rate of new energy vehicles (NEVs) among domestic brands was 66.8%. The rate among luxury cars was 22.6%, while that among mainstream joint venture brands was only 7.5%.