The strong become stronger! The fierce competition among car manufacturers has entered the elimination stage; who will come out on top in the end?

HSBC expects that the narrative of price wars and Industry consolidation will continue, as BYD and Tesla will further expand their competitive advantages through price wars, while companies with annual sales of less than 30,000 vehicles have a low chance of long-term survival.

wallstreetcnJan 8 04:57 ET

The "gift-giving" trend continues to go viral! Taobao has joined the battle, and Concept stocks have hit a ceiling of 20cm.

① Taobao launched the 'Send Gift' feature. ② WeChat Mini Programs will start the gray-scale testing of the 'Send Gift' feature in December 2024. ③ Institutions hold an optimistic attitude towards the 'Send Gift' feature.

cls.cnJan 7 22:39 ET

The A-shares collectively fell, with the Northern Stock Exchange 50 dropping nearly 1%, Hong Kong stocks tumbled, Semiconductor Manufacturing International Corporation and Xiaomi both fell over 1%, and the yuan's central parity rate continues to hold firm

The central exchange rate of the RMB against the US dollar is reported at 7.1887, down 8 points; the previous trading day's central rate was 7.1879, and the official closing price on the previous trading day was 7.3275, while the overnight market reported a close of 7.3284. Treasury Futures declined.

wallstreetcnJan 7 20:39 ET

Hong Kong stock morning report on January 8: The Ministry of Industry and Information Technology is conducting a trial for 10G optical networks; Mixue Ice City has obtained registration from the China Securities Regulatory Commission for its Hong Kong IPO

① The State Council: Venture Capital Funds should focus on developing new quality productive forces. ② Ministry of Industry and Information Technology: Launching pilot projects for 10-gigabit optical networks. ③ Apple's spring "budget version" iPhone new model will start mass production in mid-January 2025. ④ Mi Xue Bing Cheng's Hong Kong IPO has been filed with the China Securities Regulatory Commission.

cls.cnJan 7 18:06 ET

What the Options Market Tells Us About Alibaba Gr Hldgs

BenzingaJan 7 12:00 ET

Express News | Tencent HK shares open lower at 7% after the U.S. adds Tencent and others to the list of Chinese firms allegedly aiding Beijing's Military. Its ADR dropped significantly in U.S. market trading.

Moomoo 24/7Jan 6 20:43 ET