Jiyue Xia's internal letter is suspected of plagiarizing NIO's Li Bin.
According to Sina Technology News on December 12, in the morning, Jiyue's CEO Xia Yiping released an internal letter on the afternoon of the 11th admitting that the company is currently facing difficulties and needs immediate adjustments. Some netizens pointed out that parts of Xia Yiping's internal letter were plagiarized from NIO's Li Bin's internal letter in 2023. Xia Yiping's internal letter mentioned that in this new entrepreneurial phase, the following four aspects must be addressed: 1. Continue long-term investment in core technologies to maintain a competitive edge; 2. Strengthen sales and service capabilities to cope with intense market competition; 3. Merge departments and positions with overlapping functions and reform inefficient internal workflows; 4. Cut back on areas that cannot improve finances in the short term.
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%.
NIO Inc Options Spot-On: On December 11th, 186.53K Contracts Were Traded, With 3.62 Million Open Interest
Shares of US-listed Chinese Stocks Are Trading Lower, Possibly Continuing to Fall Following Weak Import Data.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower, Possibly Continuing to Fall Following Weak Import Data
China Central Economic Work Conference: A Key Indicator for Future Market Trends
