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The longest november 11 shopping festival-related has ended, with the platform's coupon service. Tmall achieved over 589 brands breaking the billion mark, while jd.com's brand transaction volume exceeded 0.017 million, a more than fivefold increase.
This year's november 11 shopping festival-related started 10 days earlier overall, with platforms offering competitive prices and services, good value for money. Tmall's transaction volume exceeded 100 million yuan, a year-on-year increase of 46.5%, setting a new historical record, while jd.com saw transaction volumes from over 30,000 small and medium-sized merchants more than doubling year-on-year. With government subsidies, home appliance consumption took the spotlight on this year's november 11 shopping festival, followed closely by mobile phones, digital products, and outfits. Jd.com reported a 200% year-on-year increase in transaction volumes for 519 home appliance and home furnishing product categories, while Xiaomi announced a total accumulated payment amount breaking 31.9 billion yuan through all channels, setting a new record for Xiaomi's annual major promotions. Over 100 live streaming rooms on Taobao surpassed 100 million yuan in transactions, reaching a historic high; jd.com's live broadcast order
ant group co., ltd. owns 35% of the shares, and Qiantang Credit Reporting has obtained the third personal credit reporting license in China.
The central bank announced today that it has approved the personal credit business license of Qiantang Credit. Qiantang Credit has become the third licensed personal credit institution after Baihang Credit and Pudao Credit. According to the previous public announcement, the shareholders of Qiantang Credit are: Zhejiang Provincial Tourism Investment Group Co., Ltd. holding 35%, and Ant Financial Services Group holding 35%.
Vietnam Asks Temu, Shein to Register With Government or Risk Getting Blocked - Report
US-Listed Chinese Stocks Earnings Are Coming; Options Market Sentiment Turns Bullish
Friday Market Finished with Records | Wall Street Today
Shares of Chinese Stocks Are Trading Lower Despite a Chinese Stimulus Measure. Chinese Stocks Have Been on Watch Following the US Election as Investors Assess the Potential Impact of President-elect Trump's Policies.
digimonX : I don't think the Fed will cut rates in Q1. I think rate cuts probably start in Q2. Anyway, I am happy as long as Powell doesn't say shitty things to tank the market.
As for the tech sector, I agree nvidia will still own the AI market. However, industry players want a second source (because nvidia has a reputation to be "unfriendly"). AMD is the second source. I hope AMD can get enough capacity from TSMC to produce many MI300s. The initial batches of MI300 cards all go to the El Capitan supercomputer installation. AMD's investment in opensource AI software platforms is the right direction as it allows models to be hardware agnostic. If they are successful, switching underlying hardware will be simpler than many think.
Palantir has been implementing AI-based solutions well before AI caught mainstream news. Many people have issues because the things Palantir does is not always clear. Many of their customers are government agencies & contracts/engagements are confidential. This is a company that one invests partly based on numbers & partly on gut feel. I own some shares & hope the company does well.
Rexon Capital OP : Thanks for starting a discussion![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Powell will speak today so we shall see what his views are. Most likely he will remain neutral unless being tricked into showing his cards.
I agree with your views on AMD. However, I think they will invest more into data centers as they are currently dominating in that area. My biggest worry for NVDA is the US government trying to hamper it. This will help AMD to catch up. Intel has already taken a comfortable bed in the ground.
Palantir really needs to promote its AI model towards business and generate more revenue. The next biggest catalyst will be S&P500 inclusion.
digimonX : I hope Powell remains neutral like you mentioned rather than saying things like "not confident the Fed has done enough", "higher for longer", etc. I have phobia every time this guy comes out to talk.
I don't currently own nvidia & am currently selling put options at high $300s & low $400s strike prices. If it gets there, I'll pick up the shares. If not, I'll just collect the premiums. At some point, I do wanna own some nvidia shares. I don't like Jensen Huang because I find him arrogant but he can really make tons of $... Gotta give it to him.
102180832 digimonX : Powell hint more hike may happen . Time to