Alibaba integrates domestic and overseas e-commerce to establish an e-commerce business group. On November 21st, Alibaba Group CEO Wu Yongming announced the establishment of the Alibaba e-commerce business group through a staff email, appointing Jiang Fan to be in charge and report to Wu Yongming. The new e-commerce business group will comprehensively integrate Taobao Tmall Group, International Digital Business Group, as well as e-commerce businesses such as 1688 ... 阅读全文

BOSS Zhipin (02076/BZ) announced that it plans to purchase 368400 Class A ordinary shares, equivalent to 184200 American Depositary Shares, in the market on November 20, 2024, based on its initial public offering plan. This purchase is funded by internal resources of the company, and the trustee will proceed according to the terms and conditions of the plan. The purchased Class A common stock accounts for approximately 0.04% of the total issued and outstanding sh ... 阅读全文

On the evening of November 20, 2024 Beijing time, Jia Yin Technology, a US listed fintech company, released its unaudited financial report for the third quarter of 2024. According to the financial report, Jiayin Technology continued its steady growth trend in the third quarter, with a transaction amount of about 26.7 billion yuan, a year-on-year increase of about 10.3%. During the reporting period, the company achieved a revenue of approximately 1.44 billion yuan ... 阅读全文

Seven years ago, Starbucks China acquired all its stores in mainland China and may introduce new partners. On November 20th, Bloomberg reported that informed sources revealed that Starbucks is exploring various options for its China business, including the possibility of selling a portion of its equity. Starbucks has been discussing various ways to expand its business in China with consultants, including the possibility of introducing local partners. Currently, S ... 阅读全文

From 'outdated' to 'truly fragrant', the route of extended range technology is becoming a precise breakthrough point for car companies' sales. On November 20th local time, Stellantis Group announced the launch of the STLA Frame model platform, which is a native multi energy platform for pure electric vehicles and will be applied to the upcoming new products of Jeep and Ram brands. The STLA Frame platform is one of the four global multi energy vehicle platforms in ... 阅读全文

On November 21, Blue Whale News (reporter Wang Wanying), the wave of layoffs among securities firms spread to Futu Holdings (hereinafter referred to as "Futu"), an Internet securities firm. The reporter noticed that recently, the news of Futu cutting 40% -60% by the end of the year has been fermenting on social media and has become a hot topic on relevant platforms. (social media) A netizen revealed that Futu will lay off 40% -60% of its employees at the end of ... 阅读全文

On November 21st, according to market reports, Starbucks is studying and discussing the development of its business in China, including the possibility of selling shares in the business. At the same time, the company has informally evaluated the interests of multiple potential investors, including local private equity institutions in China. In response, a Starbucks spokesperson stated that the company is committed to the development of its business in China and t ... 阅读全文

On November 21st, according to Jiemian News, a netizen recently revealed on social media that Futu will significantly lay off employees by the end of the year. Futu official statement: The post of significant layoffs involves untrue content. Recently, the company has made organizational restructuring to further expand its overseas business and improve operational efficiency. During the adjustment process, there were both new positions and optimization of some exi ... 阅读全文

Quarterly delivery reached a new high, but the company's revenue experienced negative growth and losses did not narrow. After submitting such a third quarter report, NIO (NIO/09866) has accumulated losses exceeding 100 billion yuan in less than 7 years. Is the profit expectation given by NIO Chairman Li Bin again credible? On the evening of November 20th, NIO released its third quarter report. In the third quarter of 2024, the company achieved a revenue of 18.67 ... 阅读全文

According to Japanese media reports, Japanese Prime Minister Shigeru Ishiba will launch a 2.19 trillion yen (approximately 1.023045 trillion yuan) economic stimulus plan to address a series of challenges such as inflation and wage growth. This plan is expected to receive approval from the Japanese Cabinet this Friday. Due to the fact that Shigeru Ishiba's ruling coalition currently holds only a minority of seats in the Japanese parliament, he needs to make conces ... 阅读全文

Shanghai Securities News China Securities Network (Reporter Wang Youruo) Andrew Schlossberg, President and CEO of Jingshun Group, recently stated at the 3rd International Financial Leaders Investment Summit that the current situation is a good investment opportunity for risk assets, especially stock assets. This investment opportunity is expanding to small and medium-sized individual stocks, emerging markets, and non US markets. He believes that assets and cash a ... 阅读全文

Stellantis suspends production at two factories in Italy. On November 20th local time, Stellantis announced that its two factories in southern Italy have once again temporarily shut down, while the Italian government called on the automaker to commit to new investments in the country.

Starbucks is reportedly considering the possibility of selling equity in its Chinese business. On November 21st, according to foreign media reports, Starbucks is considering selling its equity in its China business. Insiders have revealed that Starbucks is exploring ways to expand its business in China, with the possibility of introducing local partners. The company has informally assessed the interest of potential investors, including domestic private equity fir ... 阅读全文

AI chatbots make users "die"! Google responds: According to Sky News on the 20th, the artificial intelligence model "Gemini" under Google in the United States recently made a user who was conversing with them "die". At that time, the user asked "Gemini" a question related to elderly people, but "Gemini" did not provide a relevant answer and instead subjected the user to a series of personality insults.

Beijing Business Daily News (Reporter He Qian) On November 21st, Amazon Overseas Shopping announced the start of the 2024 Black Friday Global Shopping Season, which will be held from November 21st to December 3rd. During this period, 20000 international brands and 35 major categories will participate, and the fastest delivery time is 2 days.

Behind the cooling of the US stock election market: "Smart Money" is flocking to this industry. The latest summary by institutions found that hedge funds known as "smart money" have seen significant changes in their holdings, with nuclear power becoming a new favorite. Meanwhile, the previously popular Trump trades have been profit taking, putting pressure on cyclical sectors such as industry.

The escalation of tensions between Russia and Ukraine has intensified geopolitical concerns, prompting investors to seek safe haven. After a brief pullback last week, gold prices have regained their upward trend this week. On Thursday (November 21), spot gold rose to $2660 per ounce during trading, marking the fourth consecutive trading day of gains and setting a new high in nearly two weeks. Since the beginning of this year, gold prices have risen by over 28%, m ... 阅读全文

The US Department of Justice officially filed a request to the court on Wednesday, urging federal judges to force the sale of Google's Chrome web browser. Previously, Google had been ruled that its search business violated US antitrust laws. The US Department of Justice stated in a document that in order to compensate for the damage caused by Google's monopoly, the US government is demanding that Google divest Chrome, which will end Google's control over this cri ... 阅读全文

On November 20th, the digital freight platform Manbang Group (YMM. US) released its third quarter 2024 performance report before the US stock market. According to the financial report, Manbang's revenue scale and net profit reached new highs this quarter, and all business segments maintained healthy growth, continuing to demonstrate strong momentum. During the reporting period, Manbang achieved a revenue of 3.03 billion yuan (RMB, the same below), a year-on-year ... 阅读全文

On the morning of November 21, the 2024 World Internet Conference "Internet Entrepreneurs Forum" was held in Wuzhen, Zhejiang Province. Alibaba CEO Wu Yongming stated in his speech that the greatest value of AI is not just creating one or two super apps on mobile phones, but driving productivity changes in various industries. Developing AI requires building a thriving ecosystem of technology, products, and markets. Wu Yongming stated that in the past year, both t ... 阅读全文