Express News | U.S.-listed shares of Chinese firms and China-related ETFs rise, BABA shares up 3% and PDD shares up 5%.

Moomoo 24/704:32 ET

jd.com denies the rumors and apologizes. There are no future cooperation plans with the relevant actors.

①JD.com responded that there is no "bank run" on JD Financial platform as rumored online, the related statements are completely untrue. JD also expressed apologies for the public controversy caused by the 11.11 marketing campaign; ②How to calm this controversy, take action to convey a better product image and benefits to consumers, is the direction that JD must consider.

cls.cn04:10 ET

Li Yunze: Supports insurance institutions that meet the conditions to establish new securities investment funds. Currently, many insurance companies have submitted relevant applications.

Li Yunze stated that he supports financial assets investment companies to play a greater role in supporting technology innovation. Currently, the scale of the new batch of 18 pilot cities' signed intention agreements has exceeded 250 billion yuan.

cls.cn22:56 ET

"Trade-in for New" subsidies boost the electric vehicle market, some car owners purchase orders from scalpers to enjoy discounts. | Frontline

1. Due to the application deadline for the national subsidy for trading in old for new, popular car models, consumers choose to purchase delivery orders nearing deadline. 2. In addition to the national subsidy, various regions also have overlapping application "consumer vouchers", some stores are considering issuing cross-regional invoices to help consumers enjoy discounts on car purchases.

cls.cnOct 17 09:28 ET

One after another launched cheap electric car models, european car manufacturers started a "counterattack".

At this week's Paris Motor Show, European auto giants such as Renault and its subsidiaries Dacia, Stellantis, etc., have successively launched affordable electric car models. Both Renault's Twingo E-Tech model and Dacia's Spring model are priced below 0.02 million euros.

wallstreetcnOct 17 07:33 ET

Longest Singles' Day Approaches: A Catalyst for China's E-Commerce Giants?

Moomoo News GlobalOct 17 05:39 ET · Editors' Picks