Meituan's third-quarter revenue reached 93.6 billion yuan! Wang Xing: the goal is to become a global company.
① Besides Meituan Select, the other new business as a whole achieved profitability in the third quarter. ② Wang Xing emphasized that the scale of the Keeta business is still small and in its early development stage, and future international expansion will not be rushed.
SHEIN and Temu Expanding Toy Offerings to Lure in More Holiday Shoppers
Geely sent knives to suppliers to bargain? The latest response from both parties!
Source: Securities Times Author: An YuFei Che Auto Enterprises not only send letters to suppliers to negotiate prices, but also "give knives"? Geely has clarified! Recently, the news that "BYD (01211.HK) and SAIC Datong are asking suppliers to reduce prices by 10%" has been fermenting. The incident of the general manager of Geely Automotive (00175.HK) parts purchasing company giving a knife to Chen Yudong, former president of Bosch China in 2023, has also been dug out, interpreted as Geely "sending a knife to negotiate prices." On November 29, Chen Yudong responded on his social media saying: "The knife is real, and the person who gave the knife is a good brother, not for price reduction."
Express News | Tencent Holdings: Repurchased 1.76 million shares on November 29, spending approximately 0.7 billion Hong Kong dollars, with prices ranging from 395-402.4 Hong Kong dollars per share.
Meituan's Q3 revenue is 93.577 billion yuan, a year-on-year increase of 22.4%.
The adjusted net income for Q3 was 12.829 billion yuan, a year-on-year increase of 124.0%.
Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
Open source and equally capable as O1! Alibaba and Hifanty successively release heavyweight new products, large-scale reasoning model closely approaching OpenAI.
The rise of large inference models in the industry provides an opportunity for smaller AI developers to catch up, and the development costs of inference models are lower than those of traditional large models. Latecomers can reference research papers and data from organizations like OpenAI when building large models.
Kuaishou bans 'refund only'
Fire the first shot.
Daily Bull and Bear | The Hang Seng Index futures closed at 19,455 points, with an inflow of 61 million HKD in net long positions yesterday! HSBC: Meituan will announce results today, pay attention to related warrants.
As of the close, the Stock Market had a turnover of 108.2 billion Hong Kong dollars; the total turnover of all Warrants amounted to 11.8 billion Hong Kong dollars, accounting for 10.9% of the market turnover, with a 6.9% proportion of Bullish Warrants and a 4.1% proportion of Bearish Warrants.
6 Consumer Discretionary Stocks With Whale Alerts In Today's Session
Troubles within and without for American car manufacturers: Trump's tariffs and the "price war" in the China car market.
Tariffs may lead to price increases and a decrease in demand. Meanwhile, the fierce price competition in the china automotive industry will pose challenges for usa car companies' operations in china.
AI guru started to shuffle madly.
Integration is on the rise.
Express News | Alibaba: On November 27, approximately 39.9911 million US dollars were used to repurchase 3.6796 million shares.
Express News | Tencent: On November 28, repurchased 1.75 million shares, totaling approximately 0.7 billion Hong Kong dollars, with a price per share of 397.6-403.8 Hong Kong dollars.
High revenue growth, record high profits, increased buybacks! How do you view Meituan's performance?
High revenue growth, record high profits, increased buybacks! How do you view Meituan's performance?
Asian Indexes Mixed After Wall Street Lackluster and South Korea's Surprise Rate Cut
Wang Xiao, partner at Qicheng Capital: In the era of consumer market stock, "competing on price" and "competing on value" are both important | Direct hit on the new consumption power conference.
1. Online retail has differentiated from shelf e-commerce to a type represented by pdd holdings, focusing on individual products and price mechanisms, as well as content e-commerce represented by Douyin. Both forms of e-commerce achieve precise matching of supply and demand through efficient algorithms and mechanisms. 2. In a market environment of stagnant or even declining volume, companies need to shift from opportunity-driven to capability-driven, from growth-first to efficiency-first, and from scale-oriented to value-oriented.
Daily Bull and Bear | The long and short situation has reversed! The Hang Seng Index night futures closed at 19,678 points, with bull certificates regaining the upper hand; Tencent has broken through HKD 400, with several bull certificates doubling and su
As of the market close, the total market turnover was 138.9 billion Hong Kong dollars; all warrants bull bear certificates totaled 12 billion Hong Kong dollars in turnover, accounting for 8.7% of the total market turnover, with a 4.7% proportion of good position and a 4.0% proportion of light position.
Futu Daily News | The inflation indicators favored by the Federal Reserve rebound! The attitude towards interest rate cuts in December may be more cautious; the Central Office and the State Office issued the 'Action Plan to Effectively Reduce Logistics Co
The Fed's favorite inflation indicator rebounds! The usa's core PCE price index for October is 2.8% year-on-year; strong consumer spending drives steady growth of 2.8% in the usa's third-quarter GDP; Trump's team is considering digital assets advocate Atkins to serve as SEC chairman.
U.S. stock market closes | All three major indexes fall, Dell plummets over 12% after earnings; Chinese concept stocks warm up, Jinlong Index rises by nearly 3%; bitcoin rebounds sharply, microstrategy rises by nearly 10%.
The Dow ended a five-day rally, falling from record highs along with the S&P; small cap stocks struggled to rebound. Dell and hp inc plummeted over 10% after earnings reports. Chinese concept stocks rebounded by nearly 3%, while Ideal autos surged almost 7%.