On November 20th, Qifu Technology released its financial report for the third quarter of 2024. The company has served 162 financial institutions, with a registered user base of 254.3 million and a third quarter revenue of RMB 4.3702 billion. On the basis of executing 85% of the original repurchase plan, the company announced a new repurchase plan, which will repurchase up to $450 million worth of American depositary shares or Class A common shares in the next 12 ... 阅读全文

[US retail industry warns! Wal Mart: If Trump raises tariffs, we will have to raise prices] John David Rainey, chief financial officer of Wal Mart, the largest US retailer, said on Tuesday that if Trump's proposed tariffs take effect, he may have to raise the prices of some goods.

On the 1000th day of the Russia-Ukraine conflict, geopolitical tensions seemed to become a major obstacle to the market overnight. Fortunately, in the end, the stock, bond, and foreign exchange markets on this day were still relatively stable On Tuesday, many Wall Street traders were clearly focused on the Russia Ukraine situation. Firstly, the Russian Ministry of Defense stated that on the early morning of the 19th local time, the Ukrainian military used six Ame ... 阅读全文

The security of artificial intelligence (AI) has once again attracted people's attention, as Google chatbot responds to users with "please die". According to reports, Google's artificial intelligence chatbot Gemini responded verbally to a Michigan college student and told him to "go die".

On November 20th, Southern Finance and Economics reported that Innolux (NASDAQ: ILMN) announced today that it will launch a new version of its flagship cancer research detection product, TruSight Oncology 500 v2 (TSO 500 v2), to achieve genomic panoramic variation analysis (CGP). The test is currently under development and is scheduled for global release in mid-2025. TSO 500 v2 will be able to evaluate all mutation categories and immune tumor biomarkers of hundre ... 阅读全文

In the third quarter of 2024, Ctrip (09961/TCOM) saw a significant increase in performance. After deducting sales tax and additional taxes, its net income was 15.873 billion yuan, a year-on-year increase of 15.52%, and its operating profit was 5.006 billion yuan, a year-on-year increase of 28.06%. The operating profit margin also increased from 28.43% in the same period last year to 31.48%. After the disclosure of the third quarter financial report, Ctrip's Hong ... 阅读全文

According to informed sources, Sony Group is considering acquiring Japanese publisher Kadokawa. The two companies have held talks and discussions are still ongoing. Sony may also decide not to make a formal offer. Both entertainment groups are major shareholders of FromSoftware Inc. FromSoftware is the developer of popular PlayStation games such as Elden Ring and Bloodborne Curse. (Bloomberg)

On November 20th, Zhongtong Express announced its unaudited financial performance for the third quarter of 2024. According to the financial report, the company's parcel volume in the third quarter was 8.72 billion, a year-on-year increase of 15.9%; Adjusted net profit increased by 2.0% to 2.39 billion yuan; Revenue of 10.68 billion yuan, a year-on-year increase of 17.6%; The cash flow generated from operating activities was 3.11 billion yuan. From the perspective ... 阅读全文

The world's largest alternative asset management company, Blackstone Inc. (NYSE: BX), believes that people should rekindle their love for real estate. On November 19th, Jon Gray, President and Chief Operating Officer of Blackstone Group, stated at the 2024 International Financial Leaders Investment Summit that there should be a renewed passion for real estate. In January, we publicly stated that we believed the real estate market was not suitable for investment, ... 阅读全文

On November 20th, Sony's Japanese stock rose nearly 5%, hitting a new high since July, after releasing a new flagship full frame camera.

On November 19th local time, Microsoft released Azure AI Foundry, a one-stop AI development platform that allows users to easily switch between large language models that support artificial intelligence. The Azure AI Foundry SDK is now available in Python and C # versions, and a JavaScript version is about to be released. Azure OpenAI services provide access to OpenAI models, including GPT-4o, GPT-4o mini, GPT-4, GPT-4 Turbo with Vision, DALLE-3, Whisper, and Emb ... 阅读全文

On the morning of November 20th, Alibaba announced on the Hong Kong Stock Exchange that it would price $2.65 billion in US dollar denominated senior unsecured notes and RMB 17 billion in RMB denominated senior unsecured notes. Among them, the issuance of US dollar bonds is expected to end on November 26, 2024; The issuance of RMB bonds is expected to end on November 28, 2024. The net proceeds raised will be used for general company purposes, including repaying ov ... 阅读全文

With the disclosure of the US 13F filing, the holdings of global asset management giants as of the end of the third quarter have come to light. From the data point of view, Wall Street institutions have a more consistent view of Alibaba, JD, Pinduoduo and other Chinese Internet leaders. Michael Barry, the "big short", David Tepper, the legendary hedge fund figure, and Soros, the "financial magnate", all increased their holdings of multiple Chinese concept stocks ... 阅读全文

According to the Securities Times, Wal Mart again raised its annual performance forecast, and it is expected that the adjusted earnings per share in the 2025 fiscal year will reach $2.42 to $2.47, higher than the previous forecast. This indicates that the consumption boom in the holiday shopping season will exceed expectations, and Wal Mart's share price rose to a record high.

Recently, it has been reported that after Tesla's Full Self Driving (FSD) enters China, it will authorize SAIC Group to produce Robotaxis (autonomous taxis). This is fake news. Tesla has not previously communicated with SAIC Group or domestic car companies, "Tesla China officials told China Business News on November 19th. Officials from SAIC Group also stated that there is no relevant information. The reporter noticed that Robotaxi is currently expected to be the ... 阅读全文

Faraday Future announced on November 20th that the first batch of FX prototype cars have arrived at FF China headquarters. This batch of vehicles will depart from Beijing and head to FF headquarters in Los Angeles to initiate the product development and testing phase.

Alibaba announced the pricing of $2.65 billion USD denominated senior unsecured notes and RMB 17 billion RMB denominated senior unsecured notes. The issuance of US dollar bonds is expected to end on November 26, 2024; The issuance of RMB bonds is expected to end on November 28, 2024. The net proceeds raised will be used for general company purposes, including repaying overseas debts and repurchasing shares.

With the second interest rate cut by the Federal Reserve this month, the policy outlook for the year-end closing meeting unexpectedly changed significantly last week. The latest data shows that the US economy is resilient and price pressures have increased. The statements of several Federal Reserve officials, including Powell, have also made the future path of easing uncertain. Nomura Securities predicts that the Federal Reserve will remain inactive in December, ... 阅读全文

Global markets: 1. The Dow Jones Industrial Average fell 0.13%, the Nasdaq rose 0.60%, and the S&P rose 0.39%. 2. Tesla has risen by over 5%, while Trump Media Technology has risen by over 16%. 3. The Nasdaq China Golden Dragon Index closed up 1.71%, while Bilibili rose over 4%. 4. International oil prices have risen by over 3%, and international gold prices have risen by over 1%.

The oil and gas industry will suffer! Bank of America warns that Trump's tariff policies may trigger a trade war. Francisco Blanch, a strategist at Bank of America, said that during Donald Trump's presidency, oil and gas prices will fall under the impact of high tariffs.