$Alibaba (BABA.US)$ The Double 11 Shopping Festival has been with us for 14 years. Unlike the lively “holiday” atmosphere of the Spring Festival Gala in previous years, there is no transaction data for the grand Double 11 Gala this year and the big digital screen scrolling transaction data.
Compared to previous years, this year's Double 11 seems to be much quieter!
However, every year, everyone pays special attention to GMV turnover, but this year the major e-commerce platforms chose not to disclose their actions in unison.
What is the record for the 14th year of Double Eleven?
After the “Double 11” came to an end, Taobao stated in a low-key manner that “it is stable, moderate and positive, and the transaction scale is the same as last year,” and did not publish specific data. JD, on the other hand, said that this year's results surpassed the industry's growth rate, set a new record, and the number of shopping users reached a new high.
Everyone is very tacitly in agreement. Together, we will never mention GMV.
The Double Eleven Shopping Festival began in 2009. Taobao turned what everyone called “Singles' Day” into a large-scale shopping and stocking festival once a year.
The first trial brought about a blowout in the number of users and transaction records, which gave Taobao a sweet taste.
The GMV of the first Double 11 Shopping Festival that year was only 52 million yuan. With the rapid development of e-commerce for more than 10 years, GMV reached 965.12 billion yuan by 2021, and the scale was approaching the trillion yuan mark, which can be described as a record high.
However, after reaching its peak, Double 11 also seemed to have hit its own ceiling. The GMV growth rate began to slow down, and even declined year by year.
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$Meituan ADR (MPNGY.US)$ “Meituan is becoming more and more like a supermarket.
If we were to look at the Meituan (03690.HK) $Meituan-W (03690) $ earnings report using the methods of analyzing traditional e-commerce in the past, we probably wouldn't be able to draw any optimistic conclusions.
In the past 12 months up to the third quarter of this year, the number of Meituan trading users was 687 million, an increase of only 2.9% over the previous year. The corresponding figures revealed in the second quarterly report and the first quarterly report were 685 million and 692 million, respectively. Combined with the year-on-year turning loss into profit in the third quarter of this year, we obtained revenue of 62,618 billion yuan and net profit of 1,217 billion yuan (mainly driven by new business), of which core local businesses achieved operating profit of 9.321 billion yuan, it is easy to ask the following question:
Apart from improving new businesses, does Meituan's core local business have long-term investment value?
After taking a close look at Meituan's three-quarter report, we found that there are many figures that have given an affirmative answer to the above question: for example, the number of active merchants, the total number of financial reports for four consecutive quarters continued to grow; for example, the number of instant delivery transactions this quarter increased by 16.2% and 22.5%, respectively.
As can be seen from these data, merchant trust in Meituan has increased, and demand for Meituan has increased dramatically when the total number of users has not changed much or even declined slightly. Simply based on local e-commerce or even food and beverage takeout reviews...

$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ Has the news come out?

Have a nice day everyone
Many more to come

$Hang Seng Index (800000.HK)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ Hong Kong stock market
The Hang Seng Index opened 0.07% higher at 17,673.20 points; the Hang Seng Tech Index fell 0.15%. $TENCENT (00700.HK)$ Fall by 1.2%, Meituan-W (03690) and Alibaba-SW (09988) dropped slightly. Longfor Group (00960) rose nearly 3%, Country Garden (02007) rose over 1%.
US stock market
November 24th (Thursday) is the Thanksgiving holiday in the USA, and the U.S. stock market is closed for one day. November 25th (Friday) is the day after Thanksgiving, and the U.S. stock market will close 3 hours early, at 02:00 Beijing time the next day.
Major European stock indices rose collectively on Thursday, with the German DAX30 Index up 0.78%, the UK FTSE100 Index up 0.02%, the France CAC40 Index up 0.42%, and the Europe Stoxx50 Index up 0.39%.
Futures market
On Thanksgiving Day in the USA, WTI is closed with no settlement price; Brent January crude oil futures fell by $0.07, a decrease of 0.08%, to $85.34 per barrel.
Energy ministers from EU member states will meet on the 24th to discuss a natural gas price intervention plan, due to Belgium, Spain, Italy...

$Hang Seng Index (800000.HK)$ Hong Kong stock market
On November 24th, the Hang Seng Index opened 0.92% higher, and the Hang Seng Tech Index rose 1.13%. Real estate and technology sectors led the gains. $COUNTRY GARDEN (02007.HK)$ Rising more than 6%, leading the blue-chip stocks, Longfor Group's stock rose more than 5% $NTES-S (09999.HK)$ rising nearly 4%.
US stock market
US stocks closed higher on Wednesday. The minutes of the Fed meeting showed that most officials believed that the pace of rate hikes could be slowed down "soon," and Fed economists believe that the likelihood of a US recession next year is as high as 50%. Initial jobless claims data and October durable goods orders index both exceeded expectations last week, and the consumer confidence index for November fell to 56.8.
At the close, the Nasdaq Composite Index rose by 0.99%; the Dow Jones Industrial Average rose by 0.28%, reaching a new closing high since April 21; the S&P 500 Index rose by 0.59%.
Large-cap technology stocks collectively rose, with Apple (AAPL) up 0.59%, Amazon (AMZN) up 1.00%, Meta Platforms (META) up 0.72%, Google (GOOG) up 1.45%, Microsoft (MSFT) up 1.04%, and Netflix (NFLX) up 1.68%.
New energy vehicle stocks generally rose, with Tesla up nearly 8%. What should I buy today?