Global markets: 1. The Dow Jones Industrial Average rose over 1%, the Nasdaq rose 0.03%, and the S&P rose 0.53%. 2. Nvidia's stock price hit an intraday high, Netflix's stock price hit a historic high for four consecutive days, and Google's stock price fell more than 4%. 3. The Nasdaq China Golden Dragon Index closed down 1%, while Pinduoduo fell over 10%. 4. International oil prices have risen by nearly 2%.

Wall Street raises Nvidia target prices one after another: Blackwell craze is coming! Wall Street analysts predict that Nvidia's next generation Blackwell chip will be released, and the sales boom is approaching, so they have raised their target prices one after another Goldman Sachs expects Nvidia's revenue to exceed $200 billion next year and emphasizes its potential large-scale stock buyback plan.

Pinduoduo's net profit declined month on month in the third quarter: fierce competition and slowing growth are inevitable trends, preparing for a long-term battle. Although the performance still grew rapidly, Pinduoduo's profit declined by 22% month on month in the third quarter. In the conference call after the financial report, Pinduoduo executives admitted that their disadvantage compared to their e-commerce peers will significantly exist for a period of time, ... 阅读全文

Li Qiang presided over the State Council executive meeting to study and promote the healthy development of the platform economy. The meeting pointed out that the development of platform economy is related to expanding domestic demand, stabilizing employment, benefiting people's livelihoods, empowering the real economy, and developing new quality productive forces. We need to further strengthen the overall guidance for the healthy development of the platform econo ... 阅读全文

We believe that the key to ensuring the steady progress of the consumer industry lies in continuously nurturing and strengthening new quality productivity, and thereby promoting the comprehensive upgrading of the entire industry chain. In this process, supply chain financial technology plays a pivotal role, with one end closely linked to core enterprises and the other end widely connected to thousands of small and medium-sized enterprises upstream and downstream ... 阅读全文

Alibaba (09988/BABA/89988) has released an announcement disclosing changes in its issued shares as of November 22, 2024. According to the announcement, the company repurchased 23.71 million shares on the New York Stock Exchange between November 7th and 20th, 2024, and cancelled them on November 22nd, 2024. This repurchase accounted for 0.12% of the total issued shares of the company as of November 21, 2024. After cancellation, the total issued shares of the compa ... 阅读全文

Lufax Holdings has experienced multiple significant personnel changes. On November 22nd, Lujin Holdings Limited announced changes in the board of directors: Ji Kuisheng retired due to personal reasons and will no longer serve as an executive director and joint CEO; Huang Yuqiang resigned as a non-executive director of the company due to changes in personal work arrangements; Zhang Xudong resigned as an independent non-executive director of the company due to chan ... 阅读全文

In response to recent rumors circulating online that BYD and NIO have partnered to establish BYD Future Automotive Group, and BYD Future Automotive Group will acquire NIO, both BYD and NIO denied it today. This afternoon, Li Yunfei, General Manager of Brand and Public Relations Department of BYD Group, responded on Weibo that the investment and cooperation information related to BYD and NIO that has been circulating online is seriously untrue! Please do not belie ... 阅读全文

After taking over GAP China for over a year, Baozun E-commerce saw a glimmer of hope. According to the Q3 2024 financial report released by Baoshun E-commerce, GAP's China business achieved comparable revenue growth for the first quarter in recent years. Baozun E-commerce has two major business segments: e-commerce services and brand management. The latter includes GAP and the British shoe brand Hunter, with GAP accounting for the vast majority. In the third quar ... 阅读全文

On November 22nd, Hema Chengdu's 27th store settled in the Aegean Sea of Sanli, further increasing the density of stores in the southern area of the city. Since the beginning of this year, Hema has established 4 stores in Chengdu. Hema revealed that it will open three new stores next month, and the total number of stores in Chengdu will exceed 30, achieving comprehensive coverage of the core urban area. Since the beginning of this year, Hema has significantly acc ... 阅读全文

China Economic Net, November 22 (Reporter Jiang Zhiwen) "The investment and cooperation information related to BYD and NIO that has been circulating online is seriously untrue! Please do not believe the rumors and do not spread them," said Li Yunfei, General Manager of BYD's Brand and Public Relations Department, at around 17:30 this afternoon. Just about half an hour ago, NIO's public relations director, Ma Lin, posted on his WeChat Moments that there were "too ... 阅读全文

The conflict between Russia-Ukraine conflict has escalated, the risk aversion in the capital market has heated up, funds have flowed out of the stock market, and gold has been added. Emergency fund hedging On November 22nd, gold continued to rise. As of press time, international gold futures were reported at $2725 per ounce, with an intraday increase of over $25. Spot gold has also seen a significant increase, with the latest quote surpassing the $2700/ounce mark ... 阅读全文

After the Hong Kong stock market closed on November 21st, Baidu (9888. HK) released its third quarter performance report. According to the financial report, Baidu's total revenue in the third quarter of this year reached 33.56 billion yuan, a year-on-year decline of 3%, recording the largest decline in more than two years. The attributable net profit was 7.63 billion yuan, a year-on-year increase of 14%; However, under non GAAP accounting standards, net profit de ... 阅读全文

On November 22, Li Yunfei, General Manager of Brand and Public Relations at BYD Group, stated that the investment and cooperation information related to BYD and NIO that has been circulating online is seriously untrue. There are rumors on the internet today that BYD and NIO will collaborate to establish the BYD Future Automotive Group.

Recently, Novo Nordisk announced the launch of Novo Nordisk's Simaglutide Injection for long-term weight management in China. How is the sales situation on e-commerce channels? On November 22nd, when the reporter opened e-commerce platforms such as Meituan and JD.com to buy medicine, it was found that online appointments and in store outpatient services for Novo Nordisk could already be searched. On the Meituan platform, the current selling price of 1.5 millilite ... 阅读全文

Authentic Starbucks, drink and cherish it. Because Starbucks' operating model in China may need to change. Hello everyone, I am Xiaohe. Welcome to this episode of Consumer Reference. On November 21st, according to media reports, Starbucks is studying options for its China business, including the possibility of selling equity. The key is that this company did not directly deny this rumor. We are working hard to find the best growth path, including exploring strate ... 阅读全文

Apple's $100 million investment is still unable to lift the iPhone 16 ban? Indonesia seems to want more. US tech giant Apple's latest smartphone, the iPhone 16 series, encountered difficulties in the Indonesian market shortly after its release. Currently, Apple is seeking to lift Indonesia's sales ban on the iPhone 16.

On November 22nd, Jike announced that the delivery volume of Jike 7X exceeded 25000 units within 60 days of its launch. It is reported that the mid size SUV under the Jike brand, Jike 7X, was officially launched on September 20th. The new car has three configuration models, with a price range of 229900 to 269900 yuan.

The long video industry is experiencing collective performance pressure in the third quarter, which should have been the peak season. Recently, iQiyi released its unaudited third quarter financial report as of September 30, 2024. In the third quarter, iQiyi's total revenue reached 7.2 billion yuan, a year-on-year decrease of 10%; The net profit attributable to iQiyi was approximately 230 million yuan, compared to 480 million yuan in the same period last year, a s ... 阅读全文

Beijing, November 22 (Xinhua) -- At the 2024 Guangzhou Auto Show, while new energy vehicles dominate the market, the transition to intelligent connected new energy vehicles is accelerating. With "end-to-end" becoming a new favorite, intelligent driving solutions have become a competition track for major car companies at this year's Guangzhou Auto Show. At this year's Guangzhou Auto Show, Jike Motors unveiled the vast intelligent driving 2.0 end-to-end Plus arch ... 阅读全文