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Facial recognition at Hema suspected to have bugs, users claimed to have been falsely accused of 8 instances of not paying.
Sina Technology News, on the morning of July 22nd, recently, a netizen posted on Xiaohongshu that "Hema's facial recognition misidentified me and let me escape 8 times, and then the police station saw it." The user said that "JC and Hema clerk looked at the video. It wasn't me who escaped, but (maybe because) we were wearing masks and looked a bit alike, so Hema's facial recognition system matched us." The user complained about two major problems with Hema: Complaint 1: Before getting the surveillance video, they interrogated me like a criminal, saying that "the Alibaba system is very powerful, it won't be wrong." Complaint 2.
Alibaba releases its 2024 ESG report, maintaining a forward-looking, benevolent and pragmatic approach.
On July 22nd, Alibaba Group released the "2024 Environmental, Social and Governance Report" (hereinafter referred to as the "esg report") under the guidance of the global strategy of esg direction, Alibaba has further deepened its esg governance with significant results.
BOCOM Intl: Maintains a "buy" rating for Alibaba-SW (09988) with a target price of HKD 107.
Bocom Intl expects a 6% year-on-year increase in Alibaba e-commerce GMV in the first quarter, in line with market performance.
China International Capital Corporation: AI prosperity resonates at home and abroad, focusing on structural upgrading of traditional telecommunications business.
In the first half of 2024, AI computing power is still the core investment focus, with high prosperity in AI big model iteration and optimization and North American cloud vendors' AI investment, driving the performance and market performance of AI hardware core suppliers to resonate and drive the sector's market capitalization to rebound from the beginning of the year.
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Alibaba Options Spot-On: On July 19th, 106.42K Contracts Were Traded, With 2.5 Million Open Interest
On July 19th ET, $Alibaba(BABA.US)$ had active options trading, with a total trading volume of 106.42K options for the day, of which put options accounted for 29.36% of the total transactions, and
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