Ali made a difficult decision. Tmall 618 cancels the pre-sale system

Twelve years ago, Tmall pioneered a pre-sale system, and this marketing model became a powerful tool for the rapid growth of its GMV. Today, as low prices and big promotions become commonplace, the pre-sale system has ended its mission.

All Weather TMT37minutes ago

The increase in the Hang Seng Technology Index extended to 1%. The Hang Seng Index rose 0.64%, and Shangtang (00020.HK) rose more than 3%, Meituan (03690.HK), and Bilibili (09626.HK).

The increase in the Hang Seng Technology Index extended to 1%. The Hang Seng Index rose 0.64%, and Shangtang (00020.HK) rose more than 3%, Meituan (03690.HK), and Bilibili (09626.HK).

Zhitong Finance41minutes ago

May 7 Repurchase Collection | Kuaishou-W, Hang Seng Bank and others bought back one after another, of which Kuaishou-W cost HK$49.499 million

According to documents disclosed by the Hong Kong Stock Exchange on May 8, $Kuaishou-W (01024.HK) $, $Hang Seng Bank (00011.HK) $, etc. repurchased shares. ① $Kuaishou-W (01024.HK) $ repurchased 844,000 shares of the same share with different rights on May 7, involving an amount of HK$49.499 million. The repurchase price for each share ranged from HK$59.95 to HK$58.5. The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 58.722,300 shares, accounting for 1.355% of the number of shares issued when the ordinary resolution was passed. ②

Futu News09:30

Express News | Mainstream e-commerce platform 618 cancels pre-sale, media: shift to pursue long-term sustainable development

Breakings08:17

Futu Morning Post | Federal Reserve Officials Say Current Interest Rates Are Not Enough to Calm Inflation; New iPad Pro Has M4 Chip

Damo postponed expectations of when the Federal Reserve would cut interest rates for the first time until September; Tesla fell nearly 4%, and US regulatory investigations against Tesla were upgraded; Disney's core streaming business was profitable for the first time, but the stock price plummeted by more than 9%.

Futu News08:16

Sources: Tesla Plans to Test Its "Robotaxi" in China

Elon Musk, the CEO of the United States electric vehicle maker Tesla, proposed testing the full self-driving, or FSD, functions of its vehicles in the Chinese market by deploying them as "taxis" during his recent visit to China, and sources indicated that the Chinese government may have offered partial support for this plan.

China Daily00:09