Express News | Ishares China Large Cap ETF up 2.8%, Kraneshares CSI China Internet ETF up 3.1%
IDC: The market size of China's game cloud reached $0.91 billion in the first half of 2024, a year-on-year increase of 5.9%.
International Data Corporation (IDC) has released the latest report on China's Game Cloud Market Tracking in the first half of 2024.
Express News | Li Auto up 2.1%, JD.com up 2.4%, NIO up 3.9%, Xpeng up 4.9%
Express News | PDD Holdings up 2.3%, NetEase up 1.5%, Baidu up 2.5%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Domestic Stocks Close at 4-Week High
China A-Share Earnings Could See Notable Recovery in 1H
In the report, netease (NTES.US) is expected to see a 6% year-on-year decline in third-quarter revenue, with adjusted pre-tax profit down 4% to 8 billion RMB.
Lyon released research reports indicating that Netease (NTES.US) is expected to disappoint in the third quarter of this year, with total revenue expected to decline by 6% to 25.7 billion RMB year-on-year; adjusted pre-tax profit is expected to decline by 4% to 8 billion RMB year-on-year.
US stocks closed: Trump, Harris concept stocks rose together, Chinese concept stocks remained stable and rose.
1. The market is filled with a wait-and-see attitude, with all three major indexes collectively falling. 2. Trump's media technology group rebounded after hitting bottom. 3. Photovoltaic and clean energy concept stocks strengthened collectively. 4. Reports claim that Nvidia will distribute Super Micro Computer orders to other suppliers.
Express News | China's game IP market actual sales revenue reached 196 billion yuan in the first three quarters, with an increased share of PC game IPs.
NetEase (SEHK:9999) Faces Dividend Decrease Amid Strong Market Position and Earnings Growth
NetEase-S (09999.HK): will announce third-quarter performance on November 14.
Sina Finance on October 31st: Netease-S (09999.HK) announced that the board of directors will hold a board meeting on November 13, 2024 (Wednesday) (Peking/Hong Kong time) to approve the unaudited performance and announcements for the three months ending September 30, 2024, as well as proposals such as distributing the quarterly dividend. The company will announce the performance on the Hong Kong Stock Exchange website around 6:00 pm on November 14, 2024 (Thursday) (Peking/Hong Kong time). The conference call and synchronous webcast related to the performance will be held on November 14, 2024.
NTES-S: DATE OF BOARD MEETING AND DATE OF PUBLICATION OFTHIRD QUARTER 2024 EARNINGS ANNOUNCEMENT
Youdao to Report Third Quarter 2024 Financial Results on November 14
China's PMIs Show Glimmers of Improvement Ahead of NPC
U.S. stocks closed | The three major indexes all fell, technology stocks weakened, super micro computers plummeted over 32%, AMD dropped over 10% after earnings; overall decline in Donald Trump concept stocks, DJT fell over 22%.
The economic data in the USA is mixed, with the market adjusting down significantly to expectations of a large interest rate cut by the European Central Bank and rate cuts by the United Kingdom in December. US stocks fell across the board, with the chip index dropping by over 3%, nvidia falling by over 3% at one point, Chinese concept stocks dropping by over 2% before halving the decline, and li auto inc turning upwards by nearly 2%.
Express News | Galaxy Securities: With continuous policy support, our country's cultural 'going global' is expected to achieve more significant development.
U.S. stocks close | The three major indexes are mixed, with the Nasdaq hitting a new high for the fourth consecutive rise; chip stocks are strong, AMD closed up 4% but fell over 7% after hours due to poor guidance; cryptos concept stocks are rising.
The USA economy is mixed, with consumer confidence increasing but job vacancies hitting a three-and-a-half-year low. The Dow Jones and small cap stocks fell, while the S&P and Nasdaq turned higher. The chip index rose by more than 2%, while the Chinese concept index turned down by over 1%. Trump's media fluctuations have repeatedly caused trading to be suspended.
Internet plus-related sector is showing strong performance JD.com (09618) up 3.86%. UBS Group indicates that industry competition has trended towards easing.
Golden Finance News | The internet sector is showing strong performance, jd.com (09618) up 3.86%, Meituan (03690) up 3.73%, baidu (09888) up 3.56%, netease (09999) up 3.15%, alibaba (09988) up 2.17%.
US stocks closed | The three major indices collectively rose, with the China Golden Dragon Index leading the large cap with a rise of over 4%; Bitcoin returned to $0.07 million, and crypto concept stocks strengthened; Donald Trump concept stock DJT surged
Small cap stocks rose 1.7% to lead the way, Nasdaq approaching its all-time high, tesla reversed down by 2.5%, nvidia fell by 1% at one point, nio inc surged over 10%, North American uranium mines and nuclear energy concept stocks rose together, Altman-backed Oklo surged over 28% to a new high.
Nomura Adjusts NetEase's Price Target to HK$157 From HK$182, Keeps at Buy
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