Express News | Trump: Reports regarding the imposition of general tariffs on key imported Commodities are inaccurate.
After the USD dropped over 1%, it rebounded, and Trump denied the report of "tariff reduction."
Reports indicate that a tariff plan studied by Trump’s aides will target all countries but only cover key imported commodities, yet Trump denied on Social Media that the tariff policy would be reduced.
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
Express News | Alibaba: On January 3, approximately 9.9852 million USD was spent to repurchase about 0.939 million shares.
The net Inflow of Xiaomi Group through the Hong Kong Stock Connect is 1.4 billion HKD.
Northbound capital flows into Xiaomi Group (01810.HK), China Mobile (00941.HK), and Tencent (00700.HK) with net inflows of 1.4 billion HKD, 0.635 billion HKD, and 0.264 billion HKD respectively. Northbound capital outflow from WEIMOB INC (02013.HK) reached 25.49 million HKD. The highest net inflow of capital in SH->HK Connect for active stocks was Xiaomi Group (01810.HK) at 1.01 billion HKD, while the highest net outflow was from WEIMOB INC (02013.HK) at 4.53 million HKD. The highest net inflow of capital in SZ->HK Connect for active stocks was also Xiaomi Group.
Hong Kong Market Quick Review | The three major indices of Hong Kong stocks fluctuated and closed lower; the Cryptos Concept and Nonprofit Pharmaceutical Companies rose against the trend, with BOYAA rising over 12% and Heptagon Pharmaceuticals increasing
Network Technology stocks declined, with MEITUAN-W dropping 1.95% and KUAISHOU-W falling 1.23%; most Dining stocks fell, with HAILUNSI down 4.66% and SUPER HI down 4.15%; Property Services and Management stocks weakened, with GREENTOWN SER down 3.90% and SUNAC SERVICES down 2.53%.
Cai Niao and Jizhong Energy Resources are building a smart supply chain platform.
Alibaba-W (09988.HK) (BABA.US) logistics flagship Cainiao Group announced that the smart supply chain platform jointly created with Jizhong Energy Resources has officially gone live and is now in trial running at Jizhong Energy Group. The platform, led by Cainiao, has been designed and developed in accordance with the supply chain management needs of Jizhong Energy Group, deploying multiple integrated services based on the company's existing Cloud Computing capabilities, including storage, computing, application management, interface management, and Big Data computing. Cainiao stated that over 600 digital transformation projects have been implemented in more than 28 countries, encompassing food, daily chemicals, Automobiles, chemicals, apparel, and Hotung Inv.
Ultraman New Year post: OpenAI's weekly activity surpassed 0.3 billion, we have found the path to AGI.
Source: Tencent Technology, Authors: Hao Boyang, Wu Ji. On January 6, news reported that OpenAI CEO Sam Altman published a New Year blog post titled "Reflections" on Sunday night, stating that OpenAI already knows how to build General AI and is gradually approaching it. Prior to this, Altman had posted a meaningful "six-word maxim" on Social Media X: "near the singularity; unclear which side" - the singularity is near; it is unclear which side one is on. This was on January 3.
Israel Englander's Millennium Management Dumps Nvidia, Loads Up On Broadcom — Here's What The $70 Billion Hedge Fund Sees
The Tmall New Year Goods Festival officially kicks off tonight at eight o'clock, with eight major home appliance categories discounted up to 40%.
According to the Securities Times, the Tmall New Year Goods Festival officially kicks off tonight (6th) at 8 PM. It is reported that this year, Tmall will offer even more savings, with government subsidy activities continuing, launched online first on Tmall, where the top eight major appliance categories will have maximum subsidies of 2,000 yuan, combined with New Year Goods Festival subsidies, bringing prices down to as low as 60% off.
Henan's finance plans to issue 0.2 billion yuan in New Year consumption vouchers.
The Henan Provincial Government Press Office held a news conference on the policy measures to promote the "Opening Red" for the first quarter of the economy in 2025. The Henan Provincial Department of Commerce will focus on effectively boosting consumption, with three key initiatives in the first quarter: replacing old consumer goods with new ones, issuing new Spring consumption vouchers, and creating consumption scenarios. In key areas such as retail, Dining, cultural tourism, and Lodging, the provincial finance will issue 0.2 billion yuan of consumption vouchers, while also encouraging localities to follow suit in issuing consumption vouchers.
Alibaba's Accio AI Search Engine Hits 500,000 SME User Milestone
Express News | DBS: Downgraded SUNART RETAIL's Target Price to HKD 2.1, with the stock price facing short-term pressure.
The report from Bank of America lists a table of leading Chinese Industry companies whose Business "goes overseas," but are less likely to be affected by European and American tariffs.
Bank of America Securities released its outlook report for the China market this year, listing the local champions going abroad, but also identifying a list of stocks that are less likely to be affected by tariffs from Europe and the USA. The selection criteria are that the market cap must exceed 5 billion USD, the average daily trade volume must exceed 10 million USD, the business in the USA accounts for less than 10% of total revenue, and overseas sales outside of the USA and Europe account for more than 10%. Stocks include BYD (01211.HK), Great Wall Motor (02333.HK), Geely (00175.HK), and Contemporary Amperex Technology (30075).
DBS has downgraded SUNART RETAIL (06808.HK) to a "Hold" rating and lowered the Target Price to 2.1 yuan.
DBS published a report stating that Alibaba (09988.HK) sold 78.7% of SUNART RETAIL (06808.HK) to Daho Capital for 13.1 billion yuan. The transaction price represents a 29% discount compared to SUNART RETAIL's last trading price of 2.48 HKD per share, which implies a price-to-book ratio of 0.7 times for the fiscal year 2026, lower than the market expectation of at least 1 time. This may place pressure on SUNART RETAIL's short-term stock price. As a result, the rating for SUNART RETAIL was downgraded from "Buy" to "Hold", and the Target Price was reduced from 3.1 HKD to 2.1 HKD. The bank stated that Daho Capital would offer the same conditions to minority Shareholders.
What will you see in 2025? Microsoft outlines six major AI trends!
① AI models will become stronger and more useful; ② AI entities will completely change the way of working; ③ AI companions will provide support in daily life; ④ The utilization of AI resources will become more efficient; ⑤ Testing and customization will become key in building AI; ⑥ AI will accelerate scientific breakthroughs.
In January, China's Retail Trade prosperity Indices rose to 51.1 month-on-month.
The China Commercial Federation announced that in January, China's Retail Trade Prosperity Indices (CRPI) was 51.1, an increase of 0.7 percentage points month-on-month. From the industry classification, affected by traditional holidays, the indices of the three major sectors of the Retail Trade in January showed significant divergence. Among them, the Commodity Operation index was 51.8, an increase of 1.8 percentage points from the previous month; the Rental Operation index was 51.3, a decrease of 0.6 percentage points from the previous month; and the E-commerce Operation index was 49.4, a decrease of 1.1 percentage points from the previous month.
Market Chatter: Alibaba Cloud's Large Language Models to Support Hong Kong-based AR Glasses Maker
The Vietnamese government plans to start eliminating the tax exemption policy for Low Stock Price imports in mid-next month.
The Vietnamese government issued a statement last Saturday (4th) indicating that the Deputy Prime Minister signed a resolution on Friday (3rd) to cancel the exemption of Low Stock Price imported Commodity taxes, which will take effect on the 18th of next month. Foreign media reported that this aims to combat the sale of goods imported from abroad to Vietnam through e-commerce. Since 2010, Commodities valued at less than 1 million Vietnamese dong have enjoyed tax exemptions when imported into Vietnam. The Vietnamese Ministry of Finance pointed out that most of these exempted goods enter Vietnam through e-commerce platforms. Reports indicate that fast fashion e-commerce platform Shein expanded its sales network to Vietnam over three years ago, while PDD Holdings' Temu did so last year.
January 3 repurchase collection | TENCENT, HSBC Holdings, and others have repurchased shares, with TENCENT spending 0.701 billion Hong Kong dollars.
According to a document disclosed by HKEX on January 6, TENCENT (00700.HK), HSBC Holdings (00005.HK), and others have repurchased shares. ① TENCENT (00700.HK) repurchased 1.69 million ordinary shares on January 3, involving an amount of 0.701 billion Hong Kong dollars, with a repurchase price ranging from 418.6 Hong Kong dollars to 411.2 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.234 billion shares, accounting for 2.481% of the number of shares issued at the time the ordinary resolution was passed. ② HSBC Holdings (00005.HK) on January 2