Huaxia Times reporter Shi Feiyue reports from Beijing Although Douyu achieved a turnaround from losses to profits in 2023 through cost reduction and efficiency improvement, the slowing growth of the game live streaming market, the negative impact of Douyu founder Chen Shaojie's arrest last year on the platform, and the loss of multiple major anchors due to these two factors have continued to cause Douyu to suffer losses this year. On September 12th, Douyu release ... 阅读全文

On the evening of September 12th, Didi Chuxing (HK: 02559) announced that its indirectly wholly-owned subsidiary, Pinduoduo Beijing, has entered into a memorandum of understanding with Youxin Co., Ltd. Accordingly, Youxin Co., Ltd. agrees to issue and sell, and Pinduoduo Beijing agrees to subscribe for a total of 1543845204 shares of Youxin Co., Ltd.'s Class A common stock at a subscription price per share. The shares will be delivered to Pinduoduo Beijing in the ... 阅读全文

Boeing's West Coast factory employees went on strike early on the 13th local time, with about 33000 people participating. Xinhua News Agency quoted CNN as saying that the strike will bring Boeing's commercial aircraft production to a basic halt. Affected by this news, Boeing (BA)'s stock price fell 3.69% on the 13th, to $156.77 per share. First strike in 16 years According to Xinhua News Agency, the International Federation of American Mechanical and Aerospace Wo ... 阅读全文

The shortage of HBM production capacity seems to have just passed, and the expectation of overcapacity has arrived. Recently, Exane BNP Paribas, a securities department under BNP Paribas, significantly downgraded Micron's rating from Outperform to Underperform, with a target price cut from $140 to $67, citing concerns about HBM overcapacity and its impact on traditional DRAM pricing. The bank pointed out that due to the oversupply of HBM, the speed of DRAM price ... 阅读全文

In the past year, there have been new trends in the development of artificial intelligence, and AI agents have become the most important direction for the development of large models Recently, Liang Zhixiang, Senior Vice President of Baidu Group, stated at the 13th China Intellectual Property Annual Conference that AI agents generated based on large models have truly achieved the transition from "human-computer interaction" to "human interaction". They can not on ... 阅读全文

On September 21st local time, the US State Department issued a Level 4 travel warning statement ("Do Not Travel" warning) for Lebanon, urging US citizens to leave Lebanon while commercial flights are still available, and stating that the US embassy may not be able to assist US citizens who choose to stay in Lebanon. Level 4 warning, also the highest travel warning level of the US State Department. Currently, the armed conflict between the Israeli military and Hez ... 阅读全文

General Motors has announced that it will temporarily lay off two-thirds of its workers at its assembly plant in Fairfax, Kansas, as it prepares to begin production of the next generation Chevrolet Bolt model. The company will invest approximately $390 million in the Fairfax assembly plant to increase production of the new Chevrolet Bolt EV, "General Motors said in a statement." In order to facilitate the installation of new tools, employees will be temporarily l ... 阅读全文

On September 22, Pfizer announced on its official WeChat account that its phase II clinical trial of the monoclonal antibody Ponsegromab targeting growth differentiation factor-15 (GDF-15) had reached the primary endpoint, which was a significant change in weight compared to baseline in cancer cachexia and GDF-15 elevation patients treated with Ponsegromab compared to placebo. Malignancy is a common and life-threatening debilitating disease that can seriously aff ... 阅读全文

What is the view of foreign institutions on the recent announcement of a 50 basis point interest rate cut by the Federal Reserve? The Federal Reserve announced at the Federal Open Market Committee (FOMC) meeting that it will lower its target range for the federal funds rate by 50 basis points to 4.75% -5.0%, marking the first rate cut since March 2020. The interpretation of interest rate cuts by institutions varies, but it is generally believed that the magnitude ... 阅读全文

According to a report by the Securities Times on September 21st, there are rumors that Zhao Changpeng, the former richest Chinese man and founder of Binance, is about to be released from prison. The reporter confirmed the news from the Federal Bureau of Prisons in the United States. The reporter learned from the official website of the Bureau of Prisons in the United States that Zhao Changpeng's current location has been updated to Residential Reentry Management ... 阅读全文

On Saturday local time, the campaign team of Democratic presidential candidate Kamala Harris announced that she has accepted CNN's invitation to participate in the second televised debate scheduled for October 23rd. In addition, Harris also called on Trump to "fight again" face-to-face. Harris' campaign manager Jen O'Malley Dillon said in a statement, "Trump should have no reason not to participate in this debate. The format and setting of this debate are the sam ... 阅读全文

With the Federal Reserve finally cutting interest rates by 50 basis points and opening a loose cycle on Wednesday, the market generally believes that this has "set the stage" for further rebound in the US stock market. But Bank of America doesn't seem to fully agree. Michael Hartnett, strategist of Bank of America, said that this sounds like good news for investors, but with the arrival of a new round of easing cycle of the Federal Reserve, the risk of foam in so ... 阅读全文

Buffett continues to reduce his holdings in Bank of America. The latest documents show that Berkshire Hathaway sold Bank of America continuously from September 17th to 19th, reclaiming $896 million in funds. Berkshire Hathaway has submitted multiple documents to regulators for the sale of Bank of America stocks in the past two months. Since July 17th, Berkshire Hathaway has sold a total of 1.97 billion shares of Bank of America, reducing its holdings by 19% and r ... 阅读全文

On September 21st, Mondelez International announced that it had signed an agreement with Enxi Village (Shanghai) Industrial Co., Ltd. (hereinafter referred to as "Enxi Village") to significantly increase its equity investment in Enxi Village. This investment is another important move by Mondelez International in its investment in China, which means that Mondelez International will further expand its business in China and make another important contribution to the ... 阅读全文

Recently, a newly published patent by the United States Patent and Trademark Office (USPTO) has attracted widespread attention in the industry. Apple has successfully obtained an innovative patent for the design of future foldable iPhones, which not only depicts the structural blueprint of foldable phones, but also reveals innovative applications of solid-state buttons and comprehensive touch sensitive control technology, indicating a significant breakthrough for ... 阅读全文

Red Star Capital Bureau reported on September 14th that on the evening of September 13th, Apple's iPhone 16 series began pre ordering and will be released on September 20th. At the beginning of the pre-sale, the Apple official website was temporarily unable to enter the purchasing channel, and the phrase 'Apple official website collapsed' also went viral on Weibo. The iPhone 16 Pro Max was sold out in the first batch immediately after the pre order started. It is ... 阅读全文

On September 14th, Caixin News Agency reported that in the antitrust trial of the US Department of Justice against Google, a former Facebook advertising executive testified that due to Google's monopoly on online advertising technology, even Facebook was unable to successfully compete with Google. In addition, the executive also revealed a secret agreement reached between Facebook's parent company Meta and Google in 2018 (when Facebook had not yet changed its nam ... 阅读全文

On September 13th local time, international rating agency Fitch Ratings stated that if Boeing employees extend their strike, it will bring the risk of Boeing's credit rating being downgraded and affect the company's operations and financial condition. Fitch also stated that if the current strike can end within two weeks, it is unlikely to put pressure on the rating. Previously, S&P Global Ratings stated on the 12th that the ongoing strike may affect Boeing's rati ... 阅读全文

The iPhone 16 encountered a "breakthrough" on e-commerce platforms upon its release. After a fierce pre-sale battle last night, this morning e-commerce platforms launched a new round of subsidy wars. Tmall, Pinduoduo and other platforms have all been discontinued, with subsidized models covering both old and new iPhone models. On the evening of September 13th at 8pm, Apple officially started pre-sales. The corresponding prices for iPhone 16, iPhone 16 Plus, iPhon ... 阅读全文

On September 14th, He Xiaopeng, Chairman of Xiaopeng Motors, revealed on Weibo that the production capacity of Xiaopeng MONA has been expanded twice within 10 days. "This is a difficult decision, and we hope to deliver the new car you like to you as soon as possible." It is reported that Xiaopeng MONA M03 was officially launched on the evening of August 27th, with three versions available and a starting price of 119800 yuan.