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Here's What's Concerning About Weibo's (NASDAQ:WB) Returns On Capital
Mid-day Review: All three major indexes dropped by about 2%; Technology, internet companies, real estate, and golden industrial concepts fell, while Pop Mart rose nearly 11% against the trend.
As of press time, the Hang Seng Index fell by 1.84%, the National Index fell by 1.94%, and the Science and Technology Index fell by 1.53%. Network technology stocks fell collectively, with jd.com and Netease falling by more than 3%, Alibaba falling by nearly 3%, Kuaishou and Baidu falling by nearly 2%, and Xiaomi, bilibili, and Meituan falling by more than 1%.
HK stocks surged | Weibo-SW(09898) rose more than 4% and collaborated with Iqiyi to release popular drama and variety AI character accounts. The company may maintain a $0.2 billion annual dividend.
Weibo-SW(09898) is up over 4%, as of press time, up 4.25%, at HKD 67.45, with a turnover of 3.0098 million Hong Kong dollars.
US stocks are abnormal | Iqiyi rose more than 6.8%. The first batch of AI character numbers jointly launched by iqiyi and weibo on both ends.
On July 11th, Guolong News: iqiyi (IQ.US) rose more than 6.8%, Weibo rose more than 4.5%. On the news front, iqiyi and Weibo jointly launched the first batch of AI character accounts on both sides. With the ability of AI, popular characters in dramas and variety shows are brought to life. When users post on Weibo or leave a comment, they can @ the AI character account they follow, and the AI NPC will quickly come to the comment area to start interacting. According to the product manager of the AIGC Content Technology Innovation Center of iqiyi, AI NPC is a role-based AI chatbot based on a large model that can simulate
Late night surge! The renminbi and A50 rose, and China concept stocks rose across the board, while gold and silver soared.
Tonight, the U.S. June CPI data was released, showing that inflation in the United States has cooled across the board.
Weibo's (NASDAQ:WB) Earnings Trajectory Could Turn Positive as the Stock Grows 7.0% This Past Week
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