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Minsheng Securities: Firstly gives NetEase Cloud Music a "recommended" rating. The increase in memberships is the current focus.
Minsheng Securities released a research report stating that it has initiated coverage of NetEase Cloud Music (09899) with a "recommendation" rating, expecting the company's Net income for 2024/2025/2026 to be 1.3/1.5/1.7 billion yuan respectively. As one of the leading online music platforms, the current strategy focuses on increasing the number of paid users. In the future, the dual engines of increasing paid users and ARPPU will drive the release of operational leverage, and performance is expected to continue growing. The main views from Minsheng Securities are as follows: The company's online music subscriptions and social entertainment services are the primary sources of revenue, with profitability continuously improving. NetEase Cloud Music was launched in 2013, and as of
Holiday Spending Rose 3.8%, With Apparel and Restaurants Strong, Mastercard Says
Amazon to Lower Spending on ZT Systems, Which Is Being Acquired by AMD: Report
Amazon (AMZN.US) plans to reduce expenditures on ZT Systems, which is being acquired by AMD.
According to reports, Amazon's cloud division AWS plans to reduce investment in products from the Datacenter infrastructure company ZT Systems.
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Waymo is leading the market in the USA! Can Tesla and Amazon catch up?
① In 2024, Waymo will become the most dazzling Self-Driving Cars taxi company in the USA, operating the only commercial Self-Driving Cars taxi service, Waymo One, which has completed 4 million paid services within the year; ② Companies like Tesla and Amazon are heavily investing in Self-Driving Cars technology, with Tesla expected to fulfill its Self-Driving Cars technology promises as early as next year.
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Holiday Spending Rose 3.8%, With Apparel and Restaurants Strong: Mastercard
Retail sales in the USA holiday season increased by 3.8%, with strong demand for e-commerce Outfits.
From November 1 to December 24, retail sales in the USA achieved a growth of 3.8%.
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