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By comparing Apple, Tesla, and BYD, Morgan Stanley explained the logic behind Xiaomi's valuation potentially doubling within five years.
Morgan Stanley believes that, referencing the historical data of Tesla and BYD, as Xiaomi's electric vehicle sales explode over the next two years (with a CAGR of over 100%), the company's electric vehicle Business P/S is also expected to expand rapidly, reaching 2-3 times by 2026. Furthermore, with the model of "Smart Phone + AIoT + Internet services", Xiaomi is expected to replicate Apple's success, with Morgan Stanley predicting that this Business will reach a PE of 20-25 times by 2025.
Yuyuantan Tian: Why has China agreed to engage with the U.S. at this time? This is based on three considerations.
On the morning of May 7, the Ministry of Foreign Affairs announced that from May 9 to 12, the Chinese side would visit the Swiss Franc, during which talks will be held with the U.S. side.
Jack Ma appeared at the Alibaba Day event, going to the "Lakeside Cottage" to revisit the place of entrepreneurship.
Reports say that Alibaba founder Jack Ma appeared at the Alibaba Day event, wearing the "Fengqingyang" badge, and specifically went to the Lakeside Cabin that represents Alibaba's entrepreneurial spirit.
Express News | Trump: Imposing an 80% tariff on China seems reasonable.
China Federation of Logistics and Purchasing: In April, the e-commerce Logistics Index for China was 111.1 points, an increase of 1.1 points from the previous month.
The China Federation of Logistics and Purchasing and JD.com jointly released the China E-commerce Logistics Index for April 2025.
Alibaba CEO Wu Yongming expressed internally: It is necessary to return to the entrepreneurial original intention, adopt a saturation investment approach, and focus on a few core battles.
Wu Yongming stated that human society is entering a new era brought by the AI Technology revolution, and Alibaba must adopt a mindset of starting from scratch, thinking like a Venture, to create opportunities from this. In the future, a "saturation investment" strategy will be adopted, focusing on several key battles. These core battles will involve multiple Business parties, leveraging their respective strengths and advantages.
