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Alibaba Newsroom
The shipping volume of Cainiao's overseas warehouses during the Christmas peak season increased by over 60% year-on-year.
During the Christmas peak season, Cainiao's overseas warehouse shipment volume grew by more than 60% year-on-year, with categories such as 3D Printing machines experiencing a surge of over twice the volume compared to last year. The sixth overseas warehouse of Cainiao located in the western USA officially commenced operations in Los Angeles, providing cross-border sellers and outbound brands with services such as B2C and B2B warehousing and distribution, as well as one-stop/customized cross-border supply chain solutions.
The Perfect World mobile game "Zhu Xian World" has established servers on Alibaba Cloud.
Alibaba (09988.HK) (BABA.US) cloud computing service platform Alibaba Cloud announced that Perfect World (002624.SZ) has adopted the new national style fantasy MMORPG online game "Zhu Xian World," developed for many years using Unreal Engine 5. The servers have officially opened on Alibaba Cloud recently, with Alibaba Cloud providing comprehensive technical support and services from IaaS to PaaS, including computing, storage, networking, security, and databases, capable of stably and securely accommodating a massive number of players online simultaneously. Leveraging PolarDB's Global Database GDN capabilities, the "Zhu Xian World" platform server has achieved cross-regional...
Open Source Securities: Xiaomi (01810.HK) is starting to build a large-scale computing cluster to focus on AI large models.
Xiaomi-W (01810.HK) saw its stock price rise this morning, reaching 34.4 HKD, an increase of 5%, with a transaction amount of 5.5 billion HKD. A report from mainland Brokerage Kaiyuan Securities stated, according to 'Jiemian News', that Xiaomi is working on building a GPU 10,000 card cluster, heavily investing in AI large models. The Xiaomi large model team had already amassed 6,500 GPU resources at its inception. According to Xiaomi's 2023 anniversary speech, the main breakthrough direction for Xiaomi's large model technology is Lightweight and local deployment. On November 12, Xiaomi's second-generation large model MiLM2 was officially unveiled, with a minimum parameter scale of 0.3B and a maximum of 30B, combining cloud and edge.
Lenovo (00992.HK) partners with industry peers to establish the AI Terminal Asia Vets Innovation Professional Committee.
According to a report by the Securities Times in mainland China, LENOVO GROUP (00992.HK) partnered with 20 co-sponsoring organizations to hold the founding ceremony of the AI Terminal Smart Entity Innovation Professional Committee of the China National Software Industry Association. Chen Baoguo, Executive Vice Secretary-General of the China National Software Industry Association, along with representatives from member organizations such as LENOVO, Baidu-SW (09888.HK), Alibaba-W (09988.HK), Volcano Engine, Zhipu, MiniMax, and Mianbi Wisdom, attended the ceremony. Su Yao, Deputy Director of the Membership Department of the China National Software Industry Association, read the resolution for the establishment of the AI Terminal Smart Entity Innovation Professional Committee at the ceremony. LENOVO.
Minsheng Securities: Firstly gives NetEase Cloud Music a "recommended" rating. The increase in memberships is the current focus.
Minsheng Securities released a research report stating that it has initiated coverage of NetEase Cloud Music (09899) with a "recommendation" rating, expecting the company's Net income for 2024/2025/2026 to be 1.3/1.5/1.7 billion yuan respectively. As one of the leading online music platforms, the current strategy focuses on increasing the number of paid users. In the future, the dual engines of increasing paid users and ARPPU will drive the release of operational leverage, and performance is expected to continue growing. The main views from Minsheng Securities are as follows: The company's online music subscriptions and social entertainment services are the primary sources of revenue, with profitability continuously improving. NetEase Cloud Music was launched in 2013, and as of
Express News | Lenovo and more than 20 other enterprises jointly initiated the establishment of the AI Terminal Intelligent Body Innovation Professional Committee.
December 24 repurchase collection | TENCENT, HSBC Holdings and others have repurchased, with TENCENT spending 0.503 billion HKD.
According to a disclosure from HKEX on December 27, TENCENT (00700.HK), HSBC Holdings (00005.HK), and others repurchased shares. ① TENCENT (00700.HK) repurchased 1.2 million shares of common stock on December 24, involving an amount of 0.503 billion Hong Kong dollars, with a repurchase price ranging from 421.4 to 417.8 Hong Kong dollars per share. Since the buyback authorization resolution, the total number of repurchased securities is 0.226 billion shares, accounting for 2.395% of the number of issued shares at the time the ordinary resolution was passed. ② HSBC Holdings (00005.HK)
Daily Bull & Bear | The Hang Seng Index returns to 20,000 points! The latest bull-bear street ratio is 59:41; WEIMOB INC rose over 115% on the 4th, with warrants seeing a doubling increase at the highest point.
As of the close of trading, the total market turnover was 84.59 billion Hong Kong dollars, with all warrants and callable bull/bear contracts totaling 6.261 billion Hong Kong dollars, accounting for 7.4% of the market turnover, of which the ratio of long positions was 4.1% and the ratio of short positions was 3.3%.
Express News | Zhejiang Zhaolong Interconnect Technology: The company's research and development of high-speed Copper cables and components is progressing smoothly.
Futu Morning Report | Apple hits a new high for four consecutive days! Wedbush raises the Target Price to $325; US Small Cap stocks are booming, with Drone and Quantum Computing concept stocks leading the surge.
The number of initial jobless claims in the USA fell to the lowest level in a month last week, but the duration of unemployment has increased; NVIDIA has launched the GB200 NLV4, and the GB300 is expected to be released in March next year; additional upward momentum? MicroStrategy plans to sell more shares to raise funds for purchasing Bitcoin.
Alibaba (BABA) Increases Despite Market Slip: Here's What You Need to Know
Alibaba Options Spot-On: On December 26th, 148.2K Contracts Were Traded, With 2.62 Million Open Interest
On December 26th ET, $Alibaba(BABA.US)$ had active options trading, with a total trading volume of 148.2K options for the day, of which put options accounted for 20.84% of the total transactions,
Sector Update: Tech Stocks Rise Late Afternoon
The South Korea New World Group will establish a joint venture with Alibaba International.
South Korean retail giant Shanghai New World Group collaborates with e-commerce giant Alibaba to establish a joint venture. Both parties will jointly operate Gmarket, a subsidiary of Shanghai New World, and Alibaba's Global AliExpress Korea site, aiming to enhance competitiveness in the South Korean e-commerce market. This move is seen as a strategic initiative by Shanghai New World Group to respond to intensified domestic competition, and it also represents another attempt by Alibaba to expand its Global e-commerce Business.
GameStop, Alibaba, Nippon Steel-US Steel Deal: Market Minute
Alibaba Joins Forces With E-Mart for $4 Billion South Korean E-Commerce Venture
This Is What Whales Are Betting On Alibaba Gr Hldgs
U.S. stocks movement | Alibaba rose over 1.3% amid rumors that Alibaba's South Korea business plans to merge with the e-commerce platform E-Mart.
On December 26, 2023, Alibaba (BABA.US) rose more than 1.3%, reaching $86.64. According to informed sources, Chinese E-Commerce giant Alibaba Group plans to merge its Business in South Korea with the E-Commerce platform of South Korean retailer E-Mart Inc. to strengthen competitiveness in the South Korean online retail market. Following this merger, the valuation of the new entity is expected to reach approximately $4 billion. (Gelonghui)
Sector Update: Consumer Stocks Edge Higher Pre-Bell Thursday
Sector Update: Consumer