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News
Jd.com (09618) fell by 3.39%. Tianfeng Securities stated that the overall performance of end-consumer consumption is weak, and the company's revenue growth is under short-term pressure.
Jingdong Group (09618) fluctuated and fell, down 3.39% to HKD 102.6 at the time of publication with a trading volume of HKD 0.653 billion. Tianfeng Securities stated that the macroeconomy is steadily recovering, and the income in the second quarter of 2024 is expected to increase slightly year-on-year. From the macro environment, consumer goods retail in H1 2024 showed a steady recovery trend, recovering to 121% of the same period in 2019. The bank predicts that Jingdong Group's Q2 2024 revenue will increase by 0.5% year-on-year to CNY 289.3 billion, but revenue growth is under short-term pressure. This is mainly due to 1) Overall, the performance of terminal consumption is weak, and the real estate market is at the bottom.
New media experience for watching European Cup: evaluation of three new media broadcasting platform apps.
The 2024 European Cup has come to an end, but the enthusiasm of football fans is still high. In this football extravaganza, in addition to the fierce competition on the green field, the performance of major broadcasting platforms has also been highly anticipated. This year, there are three new media APP platforms in China that can broadcast the European Cup, namely CCTV video, Migu video, and iqiyi sports. In order to further improve the viewing experience and meet the diversified needs of fans, the broadcast platforms have spared no effort, creating derivative programs around the event, inviting celebrities to participate, or innovating black technology, in various ways to bring this sports feast to fans. These viewing platforms each have their own strengths, and we will explore them from the perspective of product structure, content richness, and technical innovation.
Brokerage gtja maintains a 'shareholding' rating for jd.com (09618) and expects a 1% growth in revenue for the second quarter.
According to the research report issued by gtja, it is expected that jd.com (09618) will achieve a revenue of 29.01 billion yuan in FY2024Q2, a YoY increase of 1%. Due to the high temperature in May and June of 2023, earlier than in 2024, the base is larger, so household appliance categories such as refrigerators, fans, and air conditioners are under pressure. It is expected that the company's adjusted net income in FY2024Q2 will reach 10.1 billion yuan, and the adjusted net profit margin will increase by 0.2 percentage points YoY to 3.5%, mainly due to the reduction of subsidies without a significant increase in subsidies. On the retail side of jd.com, both GMV and revenue have increased, fully benefiting from the achievements of platform ecosystem construction. It is expected that
Express News | PDD Holdings Down 3.3%, Baidu Down 6.3%
Express News | U.S.-Listed Shares of Chinese Firms Fall as Bets of Trump's White House Return Rise
Express News | Ishares China Large Cap ETF Down 1.9%, Kraneshares CSI China Internet ETF Down 3.1%
Comments
China accounted for just 19% of Temasek's portfolio as of March, while investments in the Americas made up 22% of assets, second only to Singapore at 27%.
Temasek has long been one of the biggest institutional investors in China, which accounted for 29% of its portfolio as recently as 2020.
Per Bloomberg
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $Tencent(TCEHY.US$ $MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$ $JD.com(JD.US$ $JD-SW(09618.HK$ $Cainiao Smart Logistics Network Limited(810537.HK$ $KUAISHOU-W(01024.HK$ $XIAOMI-W(01810.HK$ $CCB(00939.HK$ $BANK OF CHINA(03988.HK$
Temasek has long been one of the biggest institutional investors in China, which accounted for 29% of its portfolio as recently as 2020.
Per Bloomberg
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $TENCENT(00700.HK$ $Tencent(TCEHY.US$ $MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$ $JD.com(JD.US$ $JD-SW(09618.HK$ $Cainiao Smart Logistics Network Limited(810537.HK$ $KUAISHOU-W(01024.HK$ $XIAOMI-W(01810.HK$ $CCB(00939.HK$ $BANK OF CHINA(03988.HK$
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China's stock market opened lower on Friday after the CPC Third Plenum meeting. $Hang Seng Index(800000.HK$ -1.42%, $Hang Seng TECH Index(800700.HK$ -1.5%. $BABA-SW(09988.HK$ -2%, $TENCENT(00700.HK$ -0.65%, $JD-SW(09618.HK$ -3%.
Shanghai $SSE Composite Index(800146.HK$ -0.6%, $Shenzhen Component Index(399001.SZ$ -0.65%, $CSI 300 Index(800122.HK$ -0.7%.
Shanghai $SSE Composite Index(800146.HK$ -0.6%, $Shenzhen Component Index(399001.SZ$ -0.65%, $CSI 300 Index(800122.HK$ -0.7%.
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Douyin Local Life is testing a "Shopping on the Way Price" feature, allowing users to pay for group-buy orders and see other group-buy items within 1 km at prices below the regular rates, known as "Shopping on the Way, Exclusive Offer." This feature aims to attract more merchants to join Douyin Local Life and encourage users to make more purchases on Douyin through subsidies, enhancing Douyin's strategy of "store identifyin...
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Hong Kong stocks opened lower in the morning. $Hang Seng Index(800000.HK$ opened lower by 86 points or 0.5% at 17,653. $Hang Seng China Enterprises Index(800100.HK$ opened lower by 38 points or 0.6% at 6,258. $Hang Seng TECH Index(800700.HK$ opened lower by 42 points or 1.2% at 3,598.
Technology stocks declined at open along with the external market. $BABA-SW(09988.HK$ and $TENCENT(00700.HK$ dropped 1% at open, while $MEITUAN-W(03690.HK$ , $JD-SW(09618.HK$ a...
Technology stocks declined at open along with the external market. $BABA-SW(09988.HK$ and $TENCENT(00700.HK$ dropped 1% at open, while $MEITUAN-W(03690.HK$ , $JD-SW(09618.HK$ a...
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Among technology stocks, $TENCENT(00700.HK$ opened 0.8% lower at $375, $BABA-SW(09988.HK$ , $JD-SW(09618.HK$ and $NTES-S(09999.HK$ opened 0.6% higher. $XIAOMI-W(01810.HK$ opened elevating 0.9%, $MEITUAN-W(03690.HK$ opened flat at $117.5, and $KUAISHOU-W(01024.HK$ opened dropping 0.6%.
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