Key facts
- Offshore investors were net buyers of Chinese domestic stocks and bonds in May.
- Alibaba denied rumors that its logistics arm Cainiao is disbanding.
- ACE Robotics, a startup linked to SenseTime, raised hundreds of millions in funding.
In May, offshore investors demonstrated a net buying preference for Chinese domestic stocks and bonds, as reported by the State Administration of Foreign Exchange. This indicates a positive sentiment towards Chinese assets among foreign investors during that period.
In other business news, Alibaba has refuted circulating rumors suggesting that its logistics subsidiary, Cainiao, is set to disband. The company has not provided further details regarding the nature of these rumors or their origins.
Additionally, ACE Robotics, a startup associated with SenseTime, has successfully secured hundreds of millions of dollars in funding during the first half of the year. This substantial investment is attributed to strong investor interest in the robotics sector.