China's leading online brand discount retailer Vipshop has released its Q3 2024 financial report. According to the financial report, Vipshop achieved a net revenue of 20.7 billion yuan (RMB) and a Non GAAP net profit of 1.3 billion yuan in the third quarter. Meanwhile, the GMV for the third quarter was 40.1 billion yuan; The number of active users of Super VIP (SVIP) increased by 11% year-on-year. At the same time, in the third quarter of this year, Vipshop activ ... 阅读全文

Red Star Capital Bureau reported on November 19th that Xiaopeng Motors (09868. HK/XPEV. US) released its financial report for the third quarter of 2024 this evening. During the reporting period, Xiaopeng Motors delivered a total of 46533 vehicles, an increase of 16.3% year-on-year and 54% month on month; The total revenue reached 10.1 billion yuan, a year-on-year increase of 18.4% and a month on month increase of 24.5%. As of press time, Xiaopeng Motors' US stock ... 阅读全文

Barclays Bank has raised its Xiaomi ADR target price from $16 to $24, representing a 25% increase.

Robin Lee, founder of Baidu, said in a speech at the 2024 China 5G+Industrial Internet Conference on the 19th that the "Seconds Da", a code free tool for multi-agent collaborative applications, had been released for less than three days, and more than 5000 enterprises had queued up to apply for testing. In addition, after the release of the L4 end-to-end autonomous driving model, the Apollo 10.0 version of the autonomous driving open platform, which is equipped w ... 阅读全文

On November 19th, an insider from Johnson&Johnson told 21st Century Business Herald that Johnson&Johnson China has started a new round of layoffs, mainly in the surgical department. At present, the surgical business has been greatly impacted by the market, not only by enterprises, but also by the clinical end of hospitals Another former employee of Johnson&Johnson also pointed out to 21st Century Business Herald reporters that there have been layoffs within the c ... 阅读全文

On the afternoon of November 19th, the official Weibo account of Ideal Automotive's legal department released a statement stating: Recently, Ideal Automobile received a final judgment from the court, which found that the owner of the Weibo account "CyberEv_Saibo" (now renamed "Cyber Electric"), Mr. Yu, had posted multiple Weibo posts implying that Ideal Automobile had engaged in sales fraud through parallel exports, which constitutes defamation and infringement o ... 阅读全文

According to AI News, on November 19th, Weibo released its financial report for the third quarter of 2024. The total revenue of Weibo in the third quarter was $464.5 million, approximately RMB 3.294 billion, of which advertising revenue reached $398.6 million, approximately RMB 2.824 billion. The adjusted operating profit for the third quarter reached $164.5 million, approximately RMB 1.159 billion; The adjusted net profit is 139.2 million US dollars, approximate ... 阅读全文

On November 19th Beijing time, Super Micro Computer (SMCI, stock price $21.54, market value $12.61 billion) rose nearly 40% in pre-market trading in the United States. On November 18th, Supermicro Computer announced that it has hired BDO, the world's fifth largest accounting firm, as its independent auditor and submitted a plan that meets the listing requirements to Nasdaq. This move meets Nasdaq's regulatory requirements for listed companies and enhances investo ... 阅读全文

On November 19th, Xiaopeng Motors released its official Weibo account for the third quarter of 2024, with a total delivery of 46533 intelligent electric vehicles, a year-on-year increase of 16.3%, exceeding the delivery target; Revenue exceeded 10 billion yuan, with a year-on-year increase of 18.4% and a month on month increase of 24.5%; The gross profit margin reached 15.3%, setting a new historical high for a single quarter, an increase of 18 percentage points ... 阅读全文

Caixin News Agency, November 19th - Yum China (09987/YUMC) has released an announcement disclosing its stock changes as of November 18, 2024. The announcement shows that the company repurchased 50000 shares on November 18, 2024, with an average repurchase price of $47.66 per share and a total payment of approximately $2.4 million. In addition, the company has granted 10000 new shares under its long-term incentive plan, with an issue price of $47.66 per share. It ... 阅读全文

Alibaba Group Chairman Joseph Tsai stated at the 3rd International Financial Leaders Investment Summit on November 19th that Alibaba's main listing in Hong Kong provides access to a very large group of investors from mainland China and also brings significant liquidity to the group's stock.

Southern Finance and Economics, November 19th - Futu Holdings announced that its total revenue for the third quarter of 2024 was HKD 3.4361 billion (USD 442.3 million), a year-on-year increase of 29.6%; Adjusted net profit was HKD 1.3984 billion (USD 180 million), a year-on-year increase of 20.8%.

On November 19th, Caterpillar announced its third quarter 2024 results: sales and revenue were $16.1 billion, a year-on-year decrease of 4%, mainly due to a decline in sales volume; The operating profit margin was 19.5%, compared to 20.5% in the same period last year; Earnings per share were $5.06, compared to $5.45 in the same period last year.

Futu Holdings announced on November 19th that its total revenue for the third quarter of 2024 was HKD 3.4361 billion (USD 442.3 million), a year-on-year increase of 29.6%; Adjusted net profit was HKD 1.3984 billion (USD 180 million), a year-on-year increase of 20.8%.

On Monday (November 18th) local time, Nvidia announced on its official website that it is collaborating with Google Quantum AI to help accelerate the design of next-generation quantum computing devices. The press release states that Google Quantum AI is using Nvidia's CUDA-Q quantum computing platform and Eos supercomputer to simulate the physical characteristics of quantum processors. This will help overcome one of the current limitations of quantum computing ha ... 阅读全文

Blue Whale News, November 19th (Reporter Zhu Junxi) Faced with the strictest anti-monopoly measures taken by the US government against tech giants in more than 20 years, Google may lose its Chrome browser, causing a historic blow to its main source of revenue. On November 19th local time, it was reported that senior antitrust officials from the US Department of Justice have decided to request a judge to compel Google to sell its Chrome browser. In addition, it wi ... 阅读全文

Citigroup has raised its target price for NetEase to $115, maintaining a 'buy' rating.

The gross profit margin was 61.2%, with a year-on-year increase of 347.8% in revenue. The delivery volume of electric vertical takeoff and landing vehicles (eVTOLs) increased by 384.6% year-on-year. On November 18th, eVTOL technology company Yihang Intelligence announced its third quarter performance report for 2024, with both revenue and eVTOL delivery reaching historic highs. In addition, Yihang Intelligent has achieved positive operating cash flow for four con ... 阅读全文

According to AI News, on November 19th, the official Weibo account of Ideal Auto's legal department released a statement stating that recently, Ideal Auto received a final judgment from the court, which found that the owner of the Weibo account "CyberEv_Saibo" (now renamed "Cyber Electric"), Yu, had posted multiple Weibo posts implying that Ideal Auto was using parallel exports and other forms of sales fraud, which constitutes defamation and infringement of Ideal ... 阅读全文

On November 19th, the legal department of Ideal Automobile issued an official statement, stating that Ideal Automobile has recently received a final judgment from the court. The judgment found that the owner of the Weibo account "CyberEv_Saibo", Yu, had posted multiple Weibo posts implying that Ideal Automobile had engaged in sales fraud through parallel exports, which constitutes defamation and infringement of Ideal Automobile's reputation rights.