03067 iShares Hang Seng TECH ETF
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Alibaba's quarterly report isn't as bad as it looks
Alibaba's operating profit margin remained stable compared to the same period last year, while revenue increased.
Express News | Alibaba Cloud was selected by the Super Ethernet Alliance (UEC) Technical Advisory Committee
Exclusive｜As Xiaomi expands production: it will launch a “double shift model”, the second phase of the factory's land use will enter the demolition stage
On May 15, Xiaomi Auto announced the official delivery of the 10,000th Xiaomi SU7. The delivery of the 10,000th Xiaomi SU7 also marked that the Xiaomi car successfully passed the initial production capacity climb and entered the stage of full acceleration of production capacity.
The Xiaomi SU7 has been broken down one after another, and the owner still has to wait in line for store sales: it will take eight months to pick up the car | First-line
① The first batch of Xiaomi SU7 owners have already appeared, and the Xiaomi car has faced the biggest challenge since it was launched; ② Previously, Lei Jun publicly stated that the public opinion environment was not very good, and Xiaomi was very popular, and he felt that the pressure was particularly high.
Xiaomi Auto: Delivery of the 10,000th Xiaomi SU7 completed
Earlier this morning, Xiaomi announced that it has completed the delivery of the 10,000th Xiaomi SU7.
Tencent Conference Call: Advertising and Gaming Benefit from AI Deployment, Total Game Traffic Resumes Growth
Specifically, among Tencent's three main businesses, revenue from the value-added services business fell 0.9% year-on-year in the first quarter of 2024. Tencent said that with the implementation of various government economic stimulus measures, Tencent expects this trend to gradually reverse and the fintech business to resume growth. Moreover, Tencent has achieved initial results in monetizing SaaS products that have been provided free of charge for a long time. Tencent will continue to steadily advance the monetization process of SaaS services in the future.
Futu Morning Post | NASDAQ hits a new closing high, WSB concept stocks are booming; Powell: The Federal Reserve needs to “wait patiently”
All of the Qiaoshui and Gao Lin position reports were released; Ali fell more than 6%, and adjusted net profit fell 11% year over year; Google launched a new version of the search engine with generative AI functions.
Ali conference call: Revenue will resume double-digit growth, with emphasis on sitewide promotion. Chinese consumers are showing their will to spend
Ali expects that the improvement of e-commerce user experience will drive strong domestic GMV growth in fiscal year 2025, and that overseas e-commerce will maintain a rapid growth trend.
Cui Dongshu: Domestic retail penetration rate of new energy vehicles was 43.7% in April, an increase of 12 percentage points over the same period last year
On May 14, Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that the domestic retail penetration rate of new energy vehicles in April was 43.7%, an increase of 12 percentage points over the 32% penetration rate in the same period last year. In April, the penetration rate of new energy vehicles among independent brands was 66.8%; the penetration rate of new energy vehicles among luxury cars was 22.6%; while the penetration rate of new energy vehicles in mainstream joint venture brands was only 7.5%. In April, retail sales of traditional cars fell 22% year on year, while retail sales of new energy vehicles rose 28% year on year, all under high pressure.
US Stock Preview | Meme stocks continue to “boom” before the market! Game Station and AMC Cinemas both increased by about 100%
Damo: The US CPI cooling in April is just the beginning; inflation will slow down at an accelerated pace in the second half of the year; institutions: if inflation eases, the US dollar and US bond yields may fall; can they rise another 50%? Nvidia's new earnings report is about to be released, and the Wall Street price target is astonishing.
Qunzhi Consulting: The penetration rate of own-brand cars in mainland China exceeded 60% for the first time in the first quarter
According to data from Qunzhi Consulting, the penetration rate of own-brand vehicles (IBV for short) in mainland China exceeded 60% for the first time in 2024Q1.
Alibaba's fourth fiscal quarter revenue was 221,874 billion yuan, up 7% year-on-year
Adjusted net profit of 24.418 billion yuan, a year-on-year decrease of 11%.
Tencent Non-GAAP EPS of RMB5.26, Revenue of RMB159.5B
Express News | Tencent Holdings: On March 31, 2024, the combined number of monthly active accounts on WeChat and WeChat was 1,359 billion, an increase of 3% over the previous year.
Tencent's Q1 revenue was 159.501 billion yuan, up 6% year-on-year
Adjusted net profit was $50.265 billion, up 54% year over year.
Overview of the Hong Kong market | Science index rose slightly by 0.57%; domestic housing stocks and coal stocks fell, Agile fell nearly 13%, and Yankuang Energy fell more than 7%
Many shares of TechNet rose; Bilibili rose nearly 5%, and Xiaomi rose more than 3%; auto stocks rose one after another; Great Wall Motor rose more than 7%, and Zero Sports Auto rose nearly 7%.
Alibaba Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Alibaba Group Holding Limited (NYSE:BABA) is set to release earnings results for its fourth quarter before the opening bell on May 14.Analysts expect the China-based company to report quarterly earnin
Hong Kong Stock Afternoon Review | Tech Index rose nearly 1%, TechNet stocks and biotech stocks rose higher, Bilibili rose more than 6%, and Laikai Pharmaceuticals rose more than 12%
Auto stocks rose more than 6%; Great Wall Motor rose more than 6%; NIO and Zero Sports Auto rose more than 5%; many coal stocks fell sharply, Yankuang Energy fell more than 6%, and Shougang resources fell nearly 6%.
After the big rebound, the earnings reports of Ali and Tencent are here!
Buyback programs will be the focus of attention. Goldman Sachs said that Tencent's earnings report should also focus on game revenue and video channel advertising business. Ali's financial report should focus on Taotian GMV and profitability, and the growth of both cloud businesses is also worth looking forward to.
Intraday Overview | Tech Index rose more than 1%, and TechNet stocks were trending strongly. Bilibili rose more than 6%; Tencent Music rose more than 9% after its performance
Technology Network stocks rose collectively, with Bilibili up more than 6%, Kuaishou and Xiaomi Group up more than 3%; auto stocks improved, Great Wall Motor rose more than 7%, NIO rose nearly 6%, and Zero Sports Auto rose nearly 5%.