KUAISHOU-W (01024): Lin Xinhui resigned as non-executive Director.
KUAISHOU-W (01024) announced that Mr. Lin Xinhe has resigned as a non-executive Director due to the need to focus on other matters, ...
BOCOM INTL: The growth rate of e-commerce in the fourth quarter is stable, and the trade-in program is driving accelerated growth in the home appliance industry in December.
BOCOM INTL estimates a 7% growth in the total e-commerce Industry Commodity transaction value (GMV) for the entire year of 2024.
Hong Kong stocks movement | Network Technology stocks all rose sharply in the morning, with JD-SW (09618) up over 7% and Alibaba-W (09988) up over 6%.
Network Technology stocks rose across the board in the morning, driving the Hang Seng TECH Index up over 3%. As of the time of writing, JD-SW (09618) rose 7.36%, trading at 157.5 HKD; Alibaba-W (09988) rose 6.32%, trading at 85.85 HKD.
Xiaohongshu unexpectedly gained popularity, and overseas traffic is expected to empower the social Industry Chain.
Jingwu Financial News | January 17 news, according to data from Hennessey Digital, a digital marketing institution located in California, USA, the total downloads of China's social media application "Xiaohongshu" may exceed 2 million people in the USA within 3 days. From January 13 to 15, the global downloads of Xiaohongshu on the Android platform surged to 1.08 million, most of which came from the USA. The download volume of Xiaohongshu on the iOS platform remains at a roughly similar level, even if there are no additional downloads. It is reported that due to the popular short video application TikTok being banned in the USA on January 19.
[Brokerage Focus] CITIC SEC determines that the attractiveness of AI Assets in China will gradually become apparent after 2025.
Jinwu Financial News | CITIC SEC indicates that 2025 is expected to be a significant year for Technology investment in China. Since the launch of ChatGPT at the end of 2022, AI Assets in the USA have gained unprecedented attention from global investors, with the NASDAQ increasing nearly 100% cumulatively. The bank determines that after 2025, the attractiveness of AI Assets in China will gradually become evident, as leading AI companies continue to invest heavily, iterate rapidly, and boldly pursue innovation, anticipating stable revenue growth and even profitability, as well as performance-driven alpha investment opportunities. The valuation of leading AI companies has a clear comparative advantage over comparable companies in the USA; once tech stocks in the US experience a shift.
Kuaishou (01024) rose by nearly 5% during the New Year goods festival, with GMV for general shelves increasing by 71% year-on-year.
Hang Seng Technology rose by 3.08%, and Kuaishou increased by nearly 5%.
