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Express News | Alibaba: On January 8, approximately $39.985 million was spent to repurchase 3.8352 million shares.
Jefferies Maintains Alibaba(BABA.US) With Buy Rating, Raises Target Price to $144
J.P. Morgan Maintains Alibaba(BABA.US) With Buy Rating, Raises Target Price to $125
Shein Pushing for April London IPO
Express News | JPMorgan has raised Alibaba's Target Price from $120 to $125.
Capital trends | Northbound funds purchased nearly 6 billion HKD worth of Tencent, while selling Meituan and ANTA SPORTS.
Track the latest dynamics of southbound capital.
Express News | Jefferies Financial has raised Alibaba's Target Price from $143 to $144.
Express News | Alibaba Group : Jefferies Raises Target Price to $144 From $143
Quick Look at the Hong Kong Market | The three major Indices have mixed movements, stocks in Biotechnology and Communication Equipment are rising, ZTE soared by 10%, and BEIGENE increased by over 5%.
Network Technology stocks fell, XIAOMI-W rose by 2.90%, NTES-S rose by 2.19%; most Coal Industrial Concept stocks declined, China Shenhua Energy fell by 3.18%, China Coal Energy fell by 1.69%; most Shipping and Ports stocks decreased, COSCO Shipping Holdings fell by 4.75%, OOIL fell by 3.14%;
Taobao and Tmall plan to establish an account integrity system to optimize the "return treasure" mechanism.
Alibaba (09988.HK) (BABA.US) held a merchant service conference under Taobao and Tmall, announcing plans to establish the first integrity system for accounts within the e-commerce Industry to build a healthy e-commerce ecosystem. Merchants can report issues such as abnormal refunds, unauthorized returns, counterfeit returns, and the use of online images or modified images to be recorded in the integrity system. The platform may reject user after-sales requests based on circumstances, or implement purchase limitations at individual stores or across the platform. As for professional "sheep shearing" individuals, Taobao and Tmall stated they would work with relevant departments to refer the matter to judicial authorities. Additionally, Taobao and Tmall have upgraded their full-link abnormal refund guarantee to address issues like fraudulent certificates.
Taobao and Tmall are launching dozens of measures to optimize the business environment, leading the e-commerce Industry to return to value competition.
In 2024, after lifting the "refund only" policy as a pioneer in the e-commerce Industry and launching the "Return Treasure" program, Taobao has once again introduced dozens of business environment optimization measures to protect merchants' rights. On January 9, Taobao and Tmall announced at the merchant service conference that they would establish the first integrity system for accounts within the e-commerce Industry, working together with merchants to build a healthy e-commerce ecosystem. It is reported that merchants can file complaints regarding abnormal refund only scenarios, return goods swaps, false returns, and online image manipulations through feedback to be recorded in the account integrity system, with the platform taking actions such as rejecting after-sales requests or limiting purchases at the single store or platform level based on the circumstances; for professional scammers, Taobao and Tmall will also cooperate with relevant departments to transfer cases.
Major bank rating丨BOCOM INTL: It is expected that the revenue growth Range of mainland e-commerce platforms will be between 8% and 14% this year.
BOCOM INTL published a report indicating that yesterday the National Development and Reform Commission and the Ministry of Finance released the "Notice on Implementing Large-scale Equipment Renewal and Consumer Goods Replacement Policies by 2025", expanding the 8 categories of household appliances in the consumer goods market for 2024 to 12 categories. In the first quarter of this year, according to the press conference, considering the consumer demand during the New Year's Day and Spring Festival, a subsidy fund of 81 billion yuan for old-for-new consumer goods has already been allocated. Compared to last year's 50 billion yuan/20% subsidy ratio for household appliances, it is expected that the first quarter will drive the sales of household appliances, digital products, and other categories to exceed 150 billion yuan, compared to the retail sales of communication equipment in the first quarter of 2024.
Hong Kong stock market midday review | The three major Indexes collectively rebounded! Xiaomi and Tencent rose about 2%; Semiconductors stocks continued to rise, Semiconductor Manufacturing International Corporation rose over 4%.
Network Technology stocks weakened, Bilibili-W fell by 3.60%, XIAOMI-W rose by 2.59%; Sporting Goods stocks performed well, ANTA SPORTS increased by 5.32%, TOPSPORTS dropped by 3.44%; Hong Kong Retail Stocks weakened, BOSSINI INT'L rose by 3.81%, PRADA fell by 2.76%;
Alibaba (09988.HK) upgraded the Hong Kong "traffic light countdown" function on Amap.
Alibaba (09988.HK) (BABA.US) subsidiary Amap announced the completion of the upgrade for the "Traffic Light Countdown" feature in Hong Kong, which now successfully covers nearly 90% of traffic light intersections in the area, with over 0.65 million countdowns read daily. Amap first launched the "Traffic Light Countdown" feature in 2022, which has now been implemented in over 360 cities in mainland China. Amap stated that through computational power to "predict" the second-level changes in the red light countdown service, it can not only be applied during driving but also during the ride-hailing process for users. In the future, it will continue to promote the application of smart transportation technology to provide citizens with a more efficient experience.
Elon Musk Agrees That We've Exhausted AI Training Data
BOCOM INTL: The continuation of national subsidies may drive steady growth in GMV for e-commerce platforms, with revenue growth expected in the Range of 8-14% by 2025.
BOCOM INTL currently predicts that Alibaba/JD.com e-commerce GMV will increase by approximately 6%/8% year-on-year.
Jack Ma: The population structure of China is changing, and the future world will be reshaped by AI.
According to domestic media "IT Home" reports, Alibaba-W (09988.HK) founder Jack Ma, in a video from the Jack Ma Foundation, shares his views on the development of AI in this era, believing that changes in the next ten years may exceed imagination. China's demographic structure is changing, the future world will be reshaped by AI, and society will have new demands for rural Education.
Express News | The Tongyi Wansiang upgrade solves the challenges of complex motion and adherence to physical laws in video generation models.
Express News | Shenzhen AOTO Electronics' Dubai representative office officially opened.
Sensor Tower: In 2024, 'Temu' won the Global e-commerce application download ranking and growth ranking championship.
In 2024, 'Temu' continues to maintain rapid global expansion, topping the total download charts of mobile applications in over 40 countries and winning the championship in global e-commerce application downloads and growth rankings.