Global markets: All three major US stock indices have risen by over 1%. The Dow Jones Industrial Average has risen for four consecutive weeks. The Dow Jones Industrial Average has risen by 1.64%, with the S&P up 1.11% and the Nasdaq up 1.03%. 2. Most chip stocks rose, with Anson Semiconductor up nearly 4% and ASML up nearly 3%. 3. The Nasdaq China Golden Dragon Index rose 1.22%, New Oriental rose over 4%, and Xiaopeng Motors rose over 3%. 4. International oil pri ... 阅读全文

On Friday Eastern Time, the three major US stock indices collectively closed higher. As of the close, the Dow Jones Industrial Average rose 1.64%, recording four consecutive weekly gains, the S&P 500 index rose 1.11%, and the Nasdaq rose 1.03%. Most popular Chinese concept stocks rose on Friday, with the Nasdaq China Golden Dragon Index (HXC) closing up 1.22%. New Oriental rose by over 4%.

3M recorded its largest daily increase in half a century in the top 20 of US stock trading volume. 3M closed up 22.99%, the largest daily increase since 1972, with a transaction volume of $4.004 billion. The company's net sales for the second quarter were 6.255 billion US dollars, a year-on-year decrease of 0.5%, and adjusted sales were 6.019 billion US dollars, an organic growth of 1.2%. According to the US Generally Accepted Accounting Principles (GAAP), earnin ... 阅读全文

On the evening of July 26th, the second quarter holdings of Ark Investments, a subsidiary of Wall Street star fund manager Cathie Wood, were officially disclosed. In the second quarter of this year, Ark Investment increased its holdings in Tesla and the "first stock of the metaverse" Roblox, while reducing its holdings in the digital currency exchange Coinbase. As of the end of the second quarter, the top five holdings of the institution include Tesla, Coinbase, ... 阅读全文

On the first day of its IPO in the United States, China's first esports stock, NIPG, rose over 45%. Electronic sports organization NIP Group Inc. (NIPG) rose 45.66% to $13.11, after offering at a price of $9.00 per share.

On the evening of July 26th Beijing time, domestic esports company NIP Group officially went public on NASDAQ with the stock code "NIPG", becoming the first Chinese esports stock. In this IPO, Xingjing Weiwu issued a total of 2.25 million ADS (American Depositary Shares) at a price of $9 per ADS, raising a total of $20.25 million (approximately RMB 147 million). According to the prospectus, He Youjun, the son of the gambling king, is the chairman and CEO of Xingj ... 阅读全文

On July 27th, iQiyi announced that Liu Wenfeng had resigned from his position as Chief Technology Officer of iQiyi due to personal reasons, with immediate effect. He will continue to serve as the President of the Infrastructure and Intelligent Content Distribution Business Group, dedicated to advancing the company's technological infrastructure and the widespread application of AI technology in long video content. The company has decided not to appoint a new Chie ... 阅读全文

On July 22nd, Xiaopeng Motors (09868. HK/XPEV. US) announced on the Hong Kong Stock Exchange that the company has signed a strategic cooperation and joint development agreement with Volkswagen for electronic and electrical architecture technology. According to the agreement, both parties will work together to develop industry-leading electronic and electrical architectures for the CMP and MEB platforms produced by Volkswagen in China. It is expected that the firs ... 阅读全文

Considered to be a direct obstacle to Pinduoduo in overseas markets, Taobao recently secretly launched a new overseas project. It is reported that the project is called the "Big Clothing Global Free Shipping Plan", and Taobao Clothing will provide high postage subsidies, directly providing free shipping to overseas consumers. Merchants have the right to set prices and purchase goods independently, without the need to open a separate store or consider cross-border ... 阅读全文

The first stock of Chinese esports has really arrived. On the evening of July 26th Beijing time, Xingjing Weiwu was listed on the NASDAQ Stock Exchange with the stock code "NIPG". Xingjing Weiwu's issuance price is $9/ADS, with a total of 2.25 million ADS (American Depositary Shares) issued. The successful listing of Xingjing Weiwu Group also marks the official birth of "China's first esports stock". Based on the above pricing, if the underwriters do not exercise ... 阅读全文

Recently, the People's Bank of China and the State Administration of Foreign Exchange jointly issued a notice to revise the "Regulations on the Management of Domestic Securities and Futures Investment Funds for Overseas Institutional Investors" (hereinafter referred to as the "Regulations"), further optimizing the cross-border fund management of qualified overseas institutional investors and RMB qualified overseas institutional investors (QFII/RQFII). The Regulat ... 阅读全文

The Apple smartphone iPhone is facing more intense competition in the Chinese market. In the second quarter of this year, iPhone sales fell out of the top five in China for the first time. On July 26th, research firm IDC reported that Apple's iPhone shipments in the second quarter decreased by 3.1%, falling out of the top five in the Chinese market sales ranking. Just the day before, market research firm Canalys also released a report stating that Apple's iPhone ... 阅读全文

On July 25th, Vale disclosed its Q2 2024 performance. In that quarter, the company's strong shipment volume resulted in a formally adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $4 billion. We maintained strong operational performance this quarter. In terms of iron ore solutions, thanks to the stable performance of S11D, our production reached the highest record for the second quarter since 2018. In order to achieve our strateg ... 阅读全文

Why is it that two American astronauts, Barry "Butch" Wilmore and Sunita "Suni" Williams, have been on the International Space Station for 51 days, and the Boeing "Starliner" that took them back has not been repaired yet? On the 25th local time, NASA held a press conference and stated that NASA and Boeing have not yet determined the return date of the "interstellar passenger plane" docked at the space station. We haven't had any significant news about the return ... 阅读全文

On July 25th, Sanofi announced its Q2 2024 results, with revenue of 10.745 billion euros, a year-on-year increase of 10.2%, achieving unexpected growth. After adding the first quarter performance, the total revenue for the first half of 2024 reached 21.209 billion euros, with a growth rate of 8.4%. Among them, the pharmaceutical business revenue was 16.059 billion euros, a year-on-year increase of 9.6%; Vaccine revenue was 2.319 billion euros, a year-on-year incr ... 阅读全文

With the determination of the timing of FSD's entry into China, the "end-to-end" autonomous driving technology route has once again sparked heated discussions within the industry. During the earnings call on the early morning of July 24th, Tesla CEO Elon Musk stated that he will apply for regulatory approval in Europe and China to implement supervised FSD, and is expected to receive approval before the end of this year. In fact, starting from March 2024, Tesla ha ... 阅读全文

On July 26th, following Dong Yuhui's resignation from Dongfang Zhenxuan (01797. HK), Yu Minhong, founder of New Oriental (NYSE: EDU), responded to the "breakup" at the shareholders' communication meeting of Dongfang Zhenxuan. He expressed "great regret" about the divestment of "Walking with Hui", but "this result is indeed inevitable and even beneficial to the company's development". Yu Minhong recalled that the first live broadcast of Dongfang Selection began on ... 阅读全文

The 21st China International Digital Interactive Entertainment Exhibition (ChinaJoy) will be held at the Shanghai New International Expo Center, with over 40 games from NetEase making their debut on the ChinaJoy Warcraft official server and returning on August 1st. NetEase Games showcased 45 games, including 37 mobile games, 7 PC games, and 1 VR game. The staff stated that the official Warcraft server will return on August 1st.

On the evening of July 25th, Dongfang Zhenxuan announced on the Hong Kong Stock Exchange that its well-known anchor Dong Yuhui had resigned. 100% equity of Tonghui was sold to Dong Yuhui for 76.5855 million yuan. On the 26th, the stock price of Dongfang Zhenxuan (01797. HK) fell sharply. As of the close, Dongfang Zhenxuan had dropped 23.39%, with a total market value of HKD 9.797 billion. On the 25th, the stock price of New Oriental in the US fell 5.46%, with a t ... 阅读全文

On July 26th, Caixin reported that US investment bank Baird has raised its target stock price for tech giant Apple, stating that its artificial intelligence program - known as Apple Intelligence - has the opportunity to boost iPhone sales. Baird analyst William Power wrote in an investor report, "We estimate that nearly 95% of iPhones worldwide will need to be upgraded at some point to better utilize Apple's intelligence. In addition, other Apple devices such as ... 阅读全文