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Express News | Vipshop Holdings Ltd : Jefferies Cuts Target Price to $20.3 From $20.8
Futu Morning News | Nvidia returns to the $3 trillion club! Receives support from famous investors; rate cut in sight? Fed Governor Lael Brainard: inflation control is now in sight
BNP Paribas: With the approaching of the Fed's interest rate cut, the S&P 500 index will maintain a "buy on dips" mode; Rivian receives a $500 million investment from Volkswagen in Germany, and the stock price soars more than 50% after hours; Novo Nordisk's semaglutide for obesity treatment has been approved in China, and the stock price hits a new record high again.
Express News | Goldman Sachs: China's e-commerce sales are expected to increase by 8% to USD 1.7 trillion in 2024.
Express News | Goldman Sachs predicts that global e-commerce sales will increase to $3.9 trillion by 2024.
Dongxing Securities: The overall performance of the 618 promotion is weak, and the overall performance of the beauty industry is relatively weak. Some high-quality domestic brand products have gone against the trend.
Overall, domestic beauty brand performed well in this year's 618 promotion, especially in interest-based e-commerce platforms such as Douyin, which poses a strong competitive advantage. With the help of product strength and efficient marketing, some domestic brands have been able to rank higher than international brands, and their market competitiveness continues to consolidate. We are bullish on the rapid development of high-quality domestic beauty brands.
Express News | The online retail sales reached RMB 5.77 trillion from January to May, with a growth of 12.4%, according to the Ministry of Commerce.