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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.
Northbound funds report large buy orders: kweichow moutai suffers a net sell of 1.319 billion yuan.
On June 7th, Northbound funds sold a net of 705 million yuan throughout the day, after two consecutive days of net buying.
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%.
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%.
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.