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Baidu-Backed Ji Yue Auto Reportedly Downsizing Operations Amid EV Market Challenges
China to Lift Fiscal Spending to Boost Economy
The critical moment for Extreme Auto: store closures, suppliers demanding debts, currently seeking support from Baidu | Frontline
① The management team led by CEO Xia Yiping is seeking support from the major shareholder Baidu, but insiders from Jiyue Autos revealed that the senior executives at Baidu are not answering calls. ② After the stores stopped operating, a large number of employees from Jiyue Autos started "laying flat" live broadcasts and looked for jobs online. ③ Suppliers came to Jiyue Autos to demand payment, but did not have the opportunity to meet with Xia Yiping.
Market Chatter: Ji Yue Auto to Overhaul Business Strategies to Stay Afloat
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
Express News | China's Baidu-Backed Ji Yue Auto: It Is Coordinating Various Resources to Address Challenges, Actively Advancing Fundraising Efforts
These Companies Stand to Gain After GM Drops Out of Robotaxi Race
China Central Economic Work Conference: A Key Indicator for Future Market Trends
Hong Kong stock morning report on December 11: Citic Lyonn claims to be Bullish on the KUAJINGZIJIN flow and IPO recovery of the Hong Kong Stock Exchange, with SenseTime's share placement financing nearly 2.8 billion Hong Kong dollars directed towards cor
① CITIC Securities is Bullish on the flow of KUAJINGZIJIN and the recovery of IPOs at the Hong Kong Stock Exchange. ② SenseTime's share placement financing of nearly 2.8 billion yuan is used for the development of core Business. ③ HUA HONG SEMI's 12-inch production line at the Wuxi base has been completed and is in production. ④ The Shanghai Stock Exchange will review Guolian Securities' additional share issuance and acquisition matters next week.
U.S. stocks closed: The Dow Jones fell for four consecutive days, Chinese concept stocks plummeted over 4%, as the market focused on the CPI report.
① The Nasdaq China Golden Dragon Index fell 4.34%, as China Concept Stocks collectively declined; ② Apple is reportedly planning to equip its smartwatches with satellite communication capabilities; ③ Google A rose 5.62%, as the company launched its latest quantum chip "Willow," achieving significant technological breakthroughs; ④ Microsoft shareholders voted against the Bitcoin investment proposal.
Express News | Ishares China Large Cap ETF Down 4.7%, Kraneshares CSI China Internet ETF Down 5.1%
Express News | U.S.-Listed Shares of Chinese Firms Fall Premarket Tracking Losses in Mainland Peers as Stimulus Optimism Fades
[Industry Deep Dive] Has Renren, whose market cap was once second only to Tencent and baidu, really cooled down?
Author | Yuan Fang Zheng Wen, a total of 2908 words, estimated reading time 9 minutes. Recently, the news that Renren has ceased operations has been trending. According to media reports, the general cause is that a user found they could not log into Renren, and upon calling the official customer service, they learned that Renren has stopped services, with an unknown time for recovery. In fact, as early as June this year, some users reported that their album data on Renren suddenly disappeared, and at that time, the official response was not provided. Regarding the recent market rumors, Renren quickly gave an official response, roughly implying that services have not stopped but are undergoing service upgrades, and all user data is intact.
Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
Why Baidu, Inc. (BIDU) Is Among the Best Autonomous Driving Stocks to Buy According to Hedge Funds
Baidu Options Spot-On: On December 9th, 99,641 Contracts Were Traded, With 452.79K Open Interest
10 Communication Services Stocks Whale Activity In Today's Session
Monday Market Falls, Chinese Stocks Climb, Indices Rebalance | Live Stock
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
Alibaba, JD.com Stocks Jump. Why China's Fresh Stimulus Pledge Is All About Trump.