Xiaomi SU7 crashed out of the parking lot and caused one death and three injuries. The Haikou Traffic Police reported that it was caused by improper driver operation.
Today, the Traffic Police Detachment of Haikou Public Security Bureau released a traffic accident briefing on the "Xiaomi SU7 traffic accident". After preliminary survey, the accident was caused by improper operation of the car driver (excluding drunk driving and drug driving).
Tencent Games tops the overseas application chart and starts to "cheat".
The overall gaming market is weak, new and small games may become Tencent's new growth points.
Hong Kong Market Speed Watch | The three major indices all fell, with the technology index falling nearly 2%; network technology and photovoltaic power stocks declined, Bilibili fell more than 4%, and Xinyi Solar fell nearly 6%.
Wind power stocks are rising, Datang Renew is up over 7%, China Longyuan is up over 5%; Apple suppliers are mostly down, Cowell is down nearly 9%, BYD Electronic is down over 5%.
HSBC China launches digital RMB business for enterprises and completes the first trade.
HSBC China announced that it has launched digital RMB services for its corporate customers, becoming one of the first foreign banks to offer digital RMB services to both corporate and retail customers.
Hong Kong stock market noon review | Hong Kong's three major indices fell back, the technology index fell more than 1%; automobile stocks weakened, NIO Inc fell more than 7% after its results.
Wind power stocks rose, with Datang Renew up nearly 7%, China Longyuan up over 5%; golden industrial concept rose, with Lingbao Gold up nearly 5%, Zhaojin Mining up over 2%.
Express News | The one-month Hong Kong dollar interest settlement rate announced by the Hong Kong Association of Banks on June 7 was 4.51054%, compared to 4.50071% on the previous trading day.
Midday Overview | Hong Kong stocks opened high and fell low, ChiNext fell more than 1%; wind power stocks rose against the trend, Datang Renewables rose more than 5%.
NIO Inc. fell more than 7% after the earnings report, with an expanded loss in the first quarter and a decrease in the average price and delivery volume of autos.
Meituan earned 7.49 billion yuan in the first quarter. Wang Xing stated that expanding overseas will not blindly spend money. Directly addressing the earnings conference.
In the first quarter of 2024, Meituan achieved a revenue of 3.3 billion yuan, a year-on-year increase of 25%; the net profit was 5.4 billion yuan, compared with 3.4 billion yuan in the same period last year; GTV of the travel and hotel segment in the first quarter increased by more than 60% year-on-year, and the annual trading users increased by more than 37% year-on-year; Wang Xing said that overseas expansion will become a very important part of long-term growth.
Meituan Phone Meeting: accumulated over 100 million members, Q2 on-demand order growth will return to normal, increasing live broadcasting efforts.
Meituan stated that overseas expansion is an important direction for the long-term growth of Meituan. Meituan Maicai plans to expand to the global market but will remain cautious. At the same time, the company empowers businesses with AI, attracts consumers by issuing a large number of coupons and providing discounts on popular products. In addition, the company is increasing its efforts in live-streaming activities and penetrating lower-tier markets to adapt to the transformation of consumer downgrading. Furthermore, Meituan's emerging businesses, such as bike sharing and power bank rentals, are leading the industry.
Futu Morning Post | European Central Bank lowered interest rates as scheduled by 25 basis points; Gamestop rose more than 30% in after-hours trading.
According to Goldman Sachs, the US stock market will continue to rise in the second half of the year, but there should be "moderate expectations" for the remaining time of the year's ROI; while for Morgan Stanley, the recent drop in international oil prices is only temporary, and it is expected to rise again in the coming months.
Tencent invests in former chief scientist of Hengrui, and the hemophilia drug enterprise Shengshi Biotechnology completes series D financing.
Recently, Shengsi Biology announced its Series D financing, with participating institutions including Tencent Investment and Zhangjiang Science and Technology Investment. The company's chairman, Wang Yali, was previously the chief scientist at companies such as Jiangsu Haosen and Jiangsu Hengrui.
Express News | Tencent: Repurchased 2.62 million shares on June 6, costing approximately HKD 1.004 billion.
IEA: Global clean energy investment is expected to reach 2 trillion dollars this year, with China being the biggest contributor.
IEA predicts that global spending on clean energy is expected to reach $2 trillion this year, nearly double the investment in fossil fuels during the same period. IEA also points out that investment in clean energy in emerging and developing economies (excluding China) is still limited, while the growth of major oil and gas investments globally still comes from the Middle East and Asia.
Meituan's Q1 revenue was ¥73.276 billion, a year-on-year increase of 25%.
Adjusted net income in Q1 was RMB 7.488 billion, a year-on-year increase of 36.4%.
Hong Kong stock market quick review | Three major indices fluctuated and closed up, with apple supplier stocks rising, AAC Tech up more than 7%, mainland real estate stocks falling, Sunac down more than 12%.
There are divergent trends in network technology stocks, with Netease rising over 3% and JD.com falling nearly 2%; Coal industry concepts are on the rise, with China Coal Energy up nearly 4% and China Shenhua Energy up over 3%.
Canalys: Global smart phone shipments are expected to recover by 3% to 1.18 billion units in 2024.
Driven by the recovery of supply and demand, Canalys predicts that global smart phone shipments will rebound by 3% to 1.18 billion units in 2024.
Hong Kong stock market noon report: Three major indices rose together, with the technology index rising more than 1%; Golden industrial concept and semiconductor stocks rose, Zhaojin Mining rose nearly 7%, and Hua Hong Semiconductor rose nearly 8%.
Network technology stocks fluctuated, Netease rose nearly 4%, and Kuaishou fell 2%; port and shipping stocks rose across the board, Cosco Shipping Holdings increased by more than 4%, and OOIL rose nearly 3%.
Express News | The one-month Hong Kong dollar interest settlement rate announced by the Hong Kong Association of Banks on June 6th was 4.50071%, compared to 4.47274% on the previous trading day.
Mid-day Review | The three major indices fluctuated and rebounded, with the semiconductor sector rising and Hua Hong Semi up over 7%.
The Hang Seng Index rose by 0.95%, the Technology Index rose by 1.71%, and the National Index rose by 0.81%. The shipping and ports sector strengthened, with Cosco Shipping Holdings rising by 7%. The golden industrial concept rebounded, with SD Gold rising by over 5%.
Express News | On June 5th, Tencent bought back 2.62 million shares, costing approximately HKD 1.002 billion.