After closing on Wednesday, November 20th Eastern Time, Nvidia announced its third quarter results for the fiscal year 2025 ending on October 27, 2024. The company's quarterly sales revenue reached a record high of 35.1 billion US dollars, a month on month increase of 17% and a year-on-year increase of 94%. This is the first time since the first quarter of the 2024 fiscal year that Nvidia's quarterly year-on-year growth rate has not doubled, and the month on mont ... 阅读全文

Baidu's Q3 core net profit increased by 17%, exceeding expectations. The daily usage of Wenxin Big Model reached 1.5 billion. Baidu released its Q3 2024 financial report, showing a total quarterly revenue of 33.6 billion yuan, Baidu's core revenue of 26.5 billion yuan, and a net profit attributable to Baidu's core of 7.54 billion yuan, a year-on-year increase of 17%, exceeding market expectations. The financial report shows that in November, the daily average cal ... 阅读全文

The US Department of Justice has officially proposed to the court to force Google to sell Chrome browser and has not given up on splitting the Android system. On November 20th local time, the US Department of Justice officially submitted a document to the federal court, recommending that Judge Amit P. Mehta, who previously ruled in August that Google illegally monopolized the search market, take measures to require Google to sell its Chrome browser and not re-ent ... 阅读全文

2024 is known as the year of artificial intelligence applications. With the breakthrough of technology and the expansion of application scenarios, "AI+" will inject development driving force into various industries and fields, helping thousands of industries to "accelerate". AI opens up a commercial application trend in the second half In the continuous upgrading process of artificial intelligence (AI) technology, the commercial application of AI has become the k ... 阅读全文

On November 21st, Alibaba Group CEO Wu Yongming released a staff email announcing the establishment of the Alibaba E-commerce Business Group, appointing Jiang Fan to 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 and Xianyu, forming a business cluster covering the entire industry chain at home and abroad. The establishme ... 阅读全文

On November 19th, Caizhongshe published an article titled "Jiang Fan's' Redemption '", pointing out that Jiang Fan successfully led Alibaba International Digital Business Group (hereinafter referred to as "Alibaba International") under Alibaba (BABA/09988.HK, hereinafter referred to as "Alibaba") to surpass Cloud Intelligence Group and become the "second largest" in revenue among Alibaba's various business groups in about two years. He predicted that Jiang Fan, t ... 阅读全文

On November 21st, real estate trading and service platform Beike Holdings Limited (NYSE: BEKE; 02423. HK) announced its unaudited financial performance for the third quarter of 2024. Data shows that in the third quarter, Beike's total revenue was 22.6 billion yuan, an increase of 26.8% year-on-year; The gross profit margin is 22.7%; Net profit of 1.168 billion yuan, basically unchanged year-on-year; The adjusted net profit is 1.782 billion yuan. For the third qua ... 阅读全文

The Beijing emergency 'community hero' has arrived. On November 21st, a training event was held to enhance the safety quality and first aid capabilities of food delivery riders in Beijing. After theoretical and skill training, 40 Ele.me Blue Knights participated in the "Heart Saver" certification and are becoming a professional volunteer force in community emergency response. For riders, during the event that day, instructors from the Beijing Police Academy condu ... 阅读全文

Pinduoduo released its third quarter report on November 21st, with a revenue of 99.35 billion yuan, a year-on-year increase of 44%, and an estimated 102.83 billion yuan; The net profit attributable to common shareholders in the third quarter was RMB 24.98 billion, a year-on-year increase of 61%; After adjustment, the earnings per ADS are RMB 18.59, estimated to be RMB 20.19.

According to AI News, on November 21st, Pinduoduo's third quarter revenue was 99.35 billion yuan, with an adjusted third quarter earnings per ADS of 18.59 yuan.

On November 21st, Southern Finance and Economics reported that Pinduoduo's pre-market decline in the US stock market widened to 13%. Pinduoduo's third quarter revenue was RMB 99.35 billion, a year-on-year increase of 44%, with an estimated RMB 102.83 billion; The adjusted earnings per ADS for the third quarter are RMB 18.59, with an estimated RMB 20.19.

After the US stock market closed on Wednesday, November 20th, Nvidia released its third quarter financial report, with revenue reaching $35.082 billion, a 94% increase from $18.12 billion in the same period last year and a 17% increase from $30.04 billion in the previous quarter. The net profit was 19.309 billion US dollars, an increase of 109% compared to the same period last year's 9.243 billion US dollars. Nvidia CEO Huang Renxun stated that the wave of the AI ... 阅读全文

On November 21st, Red Star Capital Bureau reported that Alibaba Group (BABA. US; 09988. HK) CEO Wu Yongming released a staff email announcing the establishment of Alibaba's e-commerce business group, appointing Jiang Fan to be in charge and reporting 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 and Xianyu, forming a business ... 阅读全文

On the evening of November 21st, Baidu (09888. HK; BIDU. O) released its financial report for the third quarter of 2024. According to the financial report, Baidu's total revenue for the third quarter was 33.6 billion yuan, a year-on-year decrease of 3%; Baidu's core revenue was 26.5 billion yuan, basically unchanged year-on-year. Among them, online marketing revenue was 18.8 billion yuan, a year-on-year decrease of 4%. However, driven by its intelligent cloud bus ... 阅读全文

On November 21st, Baidu announced its third quarter performance for 2024, achieving a revenue of 33.6 billion yuan, of which Baidu's core achieved a revenue of 26.5 billion yuan. In this quarter, the net profit attributable to Baidu was 7.6 billion yuan, of which the net profit attributable to Baidu Core was 7.5 billion yuan, a year-on-year increase of 17%, exceeding market expectations. According to the financial report, in November, the daily average call volum ... 阅读全文

On the evening of November 21st, Alibaba Group CEO Wu Yongming released a staff email announcing the establishment of the Alibaba E-commerce Business Group, appointing Jiang Fan to be in charge and reporting 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 and Xianyu, forming a business cluster covering the entire industry chain ... 阅读全文

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