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    Ehang's third-quarter company revenue was 0.128 billion RMB, a year-on-year increase of 347.8%, a quarter-on-quarter increase of 25.6%, and quarterly revenue continued to hit a historical high, surpassing the market's expected 0.119 billion yuan.
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    $Alibaba (BABA.US)$
    reports Q2 CNY15.06 v CNY14.80e,
    Rev CNY236.5B v CNY240Be
    Adj EBITDA CNY47.3B (4%) y/y,
    margin 20% v 22% y/y
    Adj EBITA CNY40.6B (5%) y/y
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    On november 11, the express business volume reached 0.701 billion pieces, setting a new record for the "november 11 shopping festival-related" day: According to the monitoring data of the State Post Bureau, on November 11, the national postal express companies collectively handled 0.701 billion parcels, an increase of 9.7% year-on-year, accounting for 151% of the daily business volume.
    $PDD Holdings (PDD.US)$   $Alibaba (BABA.US)$
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    During the November 11 shopping festival-related period, Xiaomi's total cumulative payment amount across all channels exceeded 31.9 billion yuan. According to the Star Market Daily on the 12th, reporters learned that from October 14, 2024, 20:00:00 to November 11, 23:59:59, Xiaomi's total cumulative payment amount across all channels during November 11 shopping festival-related exceeded 31.9 billion yuan, setting a new record for Xiaomi's annual major promotions.
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    The Baltic Dry Index reported 1558 points, up 4.21%.
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    According to the statistics of the China Construction Machinery Industry Association on the main manufacturers of excavators, in October 2024, the sales of various excavators reached 16,791 units, a year-on-year increase of 15.1%. Among them, domestic sales were 8,266 units, a year-on-year increase of 21.6%; exports were 8,525 units, a year-on-year increase of 9.46%. From January to October 2024, a total of 164,172 excavators were sold, a year-on-year increase of 0.47%; domestic sales were 82,211 units, a year-on-year increase of 9.8%; exports were 81,961 units, a year-on-year decrease of 7.41%.
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    Xiaopeng Motors will increase production capacity by 30% to 40%
    He Xiaopeng, chairman and CEO of Xiaopeng Motors, said at the Xiaopeng P7+ press conference today that in response to delays in delivery of the MONA M03 model, the factory will increase production capacity by 30% to 40% in November and December. (interface)
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    Semiconductor Manufacturing International Corporation announced that the net income in the third quarter was 1.059 billion yuan, a year-on-year increase of 56.4%; the revenue in the third quarter was 15.609 billion yuan, a year-on-year increase of 32.5%. The revenue for the first three quarters was 41.879 billion yuan, a year-on-year increase of 26.53%; the net income attributable to the owners of the parent company was 2.706 billion yuan, a year-on-year decrease of 26.36%.
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    China's central bank: China's gold reserves at the end of October reported 72.8 million ounces, unchanged from the previous month.
    China's forex reserves in October were $3,261.05 billion, down from the previous value of $3,316.37 billion.
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