WeChat's mini store "Gifts" continues Tencent's e-commerce "ambition".
① The "Gift" feature of the Wechat Mini Program has sparked discussions on commercialization, leading to a surge in related companies' stock prices; ② Some analysts believe that the social fission function of gift-giving can create good word-of-mouth communication among users, further cultivating the habit of shopping in Wechat Mini Programs.
U.S. stocks close: The Nasdaq returns above 0.02 million points as Apple reaches a new high with a market cap of 3.9 trillion.
① Tesla rose by 7.36%, leading the "Seven Giants"; ② Nasdaq China Golden Dragon Index has risen for three consecutive days; ③ American Airlines announced that flights have resumed running; ④ OpenAI has discussed developing a humanoid Siasun Robot&Automation.
Is PDD Holdings (NASDAQ:PDD) A Risky Investment?
U.S. stocks fluctuate | PDD Holdings rises nearly 1% in pre-market trade, being designated as one of the top picks in China's Internet Plus-Related Industry by Daiwa.
On December 24, Gelonghui reported that PDD Holdings (PDD.US) rose nearly 1% in pre-market trading to $101.5. According to a research report by Daiwa, the outlook for China's Internet Plus-Related Industry is bright, but flexibility is necessary. Overseas expansion remains the main growth driver, while increasing domestic Consumer stimulus measures will be a focus in 2025. The bank reaffirmed its positive outlook for the industry and listed PDD Holdings as one of its preferred stocks. (Gelonghui)
Express News | Amazon denies requesting sellers to "choose one of two options": it is not true, and sellers can independently decide their sales strategy.
CCTV interprets a more proactive fiscal policy: next year's fiscal funding will be allocated earlier, faster, and in greater amounts.
Next year, a more proactive fiscal policy will be implemented. What measures will the Ministry of Finance take? Where will the fiscal funds be focused? What impact will this have on our lives?
Futu Daily News | The Federal Reserve FOMC voting committee has a new lineup in the new year! The policy stance is expected to further polarize between dovish and hawkish factions; with the Christmas holiday approaching, Hong Kong stocks open half a day t
The NASDAQ 100 Index has been rebalanced, with the weights of Tesla, Meta, and Broadcom decreasing; competition in wearable devices is intensifying! Meta plans to add a display to its smart glasses; the "Santa Claus rally" is late this year, Analysts say there will still be opportunities after the holidays.
U.S. stocks closed higher | The three major Indexes collectively rose, with the Nasdaq increasing by nearly 1%; chip stocks surged, with Broadcom and Taiwan Semiconductor rising over 5%, and NVIDIA increasing nearly 4%.
① The Nasdaq China Golden Dragon Index rose by 0.91%; ② The PHLX Semiconductor Index rose by over 3%; ③ MicroStrategy purchased 5,262 Bitcoins; ④ The suspect in the UnitedHealth executive's murder case pleaded not guilty.
Hong Kong stock market morning report for December 24: The three major U.S. Indexes closed higher, and HKEX will have a half-day trading session due to Christmas.
① Consumer confidence in the USA has declined for the first time in three months. ② The three major US stock indices collectively closed higher on Monday, with most China Concept Stocks showing strength. ③ Musk criticized the Federal Reserve, claiming there are absurdly many employees under Powell. ④ The NASDAQ 100 Index is rebalanced, with the weight of Tesla, Meta, and Broadcom decreasing. ⑤ HKEX will have a half-day Trade session on Christmas Eve.
10 Consumer Discretionary Stocks Whale Activity In Today's Session
Hong Kong stock market morning report on December 23: Biden signed a bill to prevent the USA government from "shutting down". The performance of China Concept Stocks shows divergence.
① Biden signed an emergency funding bill to prevent a "shutdown" of the USA government. ② The USA's November core PCE price index rose 2.8% year-on-year, which was lower than expected. ③ The three major stock indexes in the USA opened lower and closed higher last Friday, while China Concept Stocks showed mixed performance. ④ NYMEX Henry Hub Natural Gas Futures rose more than 14% last week. ⑤ Federal Reserve's Goolsbee stated that interest rates may decline within 12 to 18 months.
PDD Holdings Unusual Options Activity
The "Regulations on the Reporting of Tax-related Information by Internet Platform Enterprises" is open to public opinion.
The tax authorities will keep the obtained tax-related information confidential according to the law, establish a data security management system for tax-related information in accordance with relevant regulations, and ensure data security.
Bipartisan senators request a grace period for TikTok: they wrote a letter urging Biden to postpone the ban by 90 days.
Senators Ed Markey and Rand Paul urged Biden to extend the deadline for ByteDance to sell TikTok by 90 days; these two lawmakers stated that the ban legislation might be overturned by the Supreme Court and could affect freedom of speech in the USA, so the deadline should be appropriately postponed; the USA Supreme Court is reviewing the appeal filed by TikTok and will hold a debate in January.
Daihang reported that Daiwa has reaffirmed a positive view on China's Internet Industry, with their top picks being Ctrip (TCOM.US), Tencent (00700.HK), Meituan (03690.HK), PDD Holdings (PDD.US), and Donghai (SE.US).
Daiwa published a research report indicating that the outlook for China's Internet Industry is bright but needs to remain flexible. The firm pointed out that overseas expansion is still the main growth driver, and increasing domestic Consumer stimulus measures will become a key focus in 2025. The firm expressed hope for some potentially significant events, including DiDi Global Inc's listing in Hong Kong, KE Holdings' dual Main Board listing, and merger opportunities. The firm reaffirmed its positive view of the Industry, with top picks including Trip.com (TCOM.US), Tencent (00700.HK), MEITUAN-W (03690.HK), PDD Holdings (PDD.US), and Full Truck Alliance (YMM.
Express News | Huajin Securities: The new feature in WeChat Mini Stores promotes dual circulation of internal and external traffic.
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
U.S. stock market close | The three major Indexes had mixed results, with the Dow ending a 10-day losing streak; Quantum Computing concept stocks corrected, with QUBT and Quantum down about 40%; FedEx surged more than 13% after hours.
① The Dow Jones slightly increased, while the S&P 500 Index and Nasdaq slightly decreased; ② Micron Technology dropped over 16%; ③ Nike rose more than 10% in Post-Market Trading.
Here's Why PDD Holdings (NASDAQ:PDD) Has Caught The Eye Of Investors
Survey: Temu has become the app with the highest new downloads among South Korean adults in November.
On December 19, according to the Korea News Agency, South Korean data service provider IGAWorks reported that the cross-border e-commerce app Temu became the most downloaded application among adults in South Korea in the first eleven months of this year. Among them, the number of female users downloading the app is higher than that of male users, with 1.92 million women aged 20 to 29 downloading the app, compared to 1.44 million men in the same age group; for users aged 30 to 39, the numbers are 2.12 million females and 1.75 million males; for those aged 40 to 49, the numbers are 2.84 million and 2.1 million, respectively; and for those aged 50 and above, the numbers are 1.99 million and 2 million.