According to a report released by Morgan Stanley, Baidu's revenue in the third quarter met expectations, with core revenue remaining unchanged and non online marketing revenue growing by 12%. Baidu's profit for the quarter was slightly higher than expected, with core non GAAP operating profit remaining unchanged, exceeding market forecasts by approximately 4%. The core operating profit margin remained at 25.1%, about 0.8 percentage points higher than expected. Mo ... 阅读全文

Securities Times Network News: Dahua Jixian released a report stating that Beike's profit in the third quarter exceeded expectations, with revenue increasing by 27% year-on-year, which is in line with market expectations but lower than the previous 32% growth forecast. Non GAAP's net profit decreased by 17% year-on-year to 1.8 billion yuan, and the company expects its fourth quarter revenue to increase by 39% to 44% year-on-year. Dahua Jixian maintains its "buy" ... 阅读全文

On November 21st, Pinduoduo released its third quarter 2024 financial report. Benefiting from the stable recovery of macro consumption, Pinduoduo's performance remained stable, with revenue reaching 99.4 billion yuan for the quarter. Compared to the previous quarter, the revenue growth rate has slowed down. Meanwhile, the profit reached 25 billion yuan, a decrease of 22% compared to the previous period. Industry insiders believe that in the past quarter, Pinduodu ... 阅读全文

On November 21st local time, the Nasdaq China Golden Dragon Index closed down 1%, with most popular Chinese concept stocks falling. Pinduoduo fell more than 10%, iQiyi fell more than 7%, Baidu fell nearly 6%, Futu Holdings fell more than 4%, Xiaopeng Motors fell more than 2%, and Alibaba, Zhihu, and Bilibili fell more than 1%. NIO and New Oriental have risen by over 1%.

On November 21st local time, the three major US stock indices collectively closed higher. Nvidia reached a new high during the trading session, while Google hit a new low since November. Due to unexpected financial data, e-commerce giant Pinduoduo fell 10.64%. On the evening of November 21st Beijing time, data released by the US Department of Labor showed that 213000 people applied for unemployment benefits for the week ending November 16th, the lowest since the ... 阅读全文

US bond yields rose again on Thursday as traders continued to wait for new data that could provide further clues for Federal Reserve policy. Although the news of the Russia-Ukraine conflict attracted some safe haven buying in recent transactions, bulls still seem unable to dominate the continuous rebound of the bond market. Market data shows that US bond yields generally rose slightly overnight, continuing the recent sell-off in the bond market. Among them, the y ... 阅读全文

According to the third quarter 2024 performance review report released by Minsheng Securities, the company's revenue increased by 24.4% year-on-year, and Non GAAP operating profit increased by 41% year-on-year. The habit of second-hand trading is gradually cultivated, and JD channel has shown outstanding performance, with significant growth in the trade in business. The store continues to grow, and the contribution of multi category business is increasing. Agains ... 阅读全文

Renowned short selling institution Citron Research announced on social media platform X on Thursday (November 21) that the company has decided to short the "Bitcoin giant" Microstrategy and believes that the company has transformed itself into a Bitcoin investment fund. Micro Strategy is the publicly traded company with the largest holdings of Bitcoin worldwide. With the outcome of the US election, President elect Donald Trump's friendly policies towards cryptocu ... 阅读全文

On November 21st, Pinduoduo released its financial report for the third quarter of 2024, ending on September 30th. In this quarter, the company's revenue reached 99.4 billion yuan, with a slower growth rate compared to the previous quarter. During the same period, Pinduoduo achieved a profit of 25 billion yuan, a decrease of 22% compared to the previous period. Industry analysis suggests that Pinduoduo's third quarter financial report has experienced fluctuations ... 阅读全文

On the evening of November 21st, Baidu released its third quarter 2024 performance announcement. According to the announcement, Baidu's total revenue for the third quarter was 33.6 billion yuan, with core revenue of 26.5 billion yuan; The net profit attributable to Baidu's core was 7.54 billion yuan, a year-on-year increase of 17%. During the evening conference call, Baidu AI's long-term strategy became a key keyword repeatedly emphasized by company executives. R ... 阅读全文

The latest report from Trendforce shows that the demand for customized chips and packaging area is increasing due to AI applications, which is driving up CoWoS demand by 2025. Observing the important development trend of the CoWoS market next year: Firstly, by 2025, Nvidia's demand for TSMC CoWoS will increase to nearly 60%, driving TSMC's monthly CoWoS production capacity to nearly double by the end of the year, reaching 75000 to 80000 pieces; 2、 After the grad ... 阅读全文

On the evening of November 21st, the selected e-commerce platform Yunji announced its unaudited financial performance for the third quarter of the 2024 fiscal year as of September 30th. This quarter, Yunji's total revenue was 88.6 million yuan, and its total operating expenses decreased by 24.0% year-on-year to 73.9 million yuan. In the third quarter, we visited and explored excellent health industry supply chains nationwide, enhanced our product capabilities in ... 阅读全文

On November 21st, iQiyi released its third quarter 2024 financial report, which showed a total revenue of 7.2 billion yuan, a year-on-year decrease of 10%. The net profit attributable to iQiyi was 229.4 million yuan, while the net profit for the same period in 2023 was 475.9 million yuan. According to the US Generally Accepted Accounting Principles, the net profit attributable to iQiyi was 479.8 million yuan, while the net profit for the same period in 2023 was 6 ... 阅读全文

In the past few days, some private hospitals in Shanghai have received many phone calls to make appointments with Novo Healthcare. Recently, there have been a lot of inquiries over the phone and online. Customers can book in advance online and come for a face-to-face consultation to see if they meet the indications, "said the staff at Yufang Medical Apricot Clinic. Novo Nordisk is a semaglutide injection developed by Novo Nordisk for long-term weight management i ... 阅读全文

Trendforce predicts that TSMC's CoWoS production capacity will double by 2025. The latest report from Trendforce shows that AI applications are driving up the demand for customized chips and packaging areas, which in turn will increase CoWoS demand by 2025. Observing the important development trend of the CoWoS market next year: Firstly, by 2025, Nvidia's demand for TSMC CoWoS will increase to nearly 60%, driving TSMC's monthly CoWoS production capacity to nearly ... 阅读全文

Nvidia's third quarter revenue was $35.1 billion, a year-on-year increase of 93.7%, with a market expectation of $33.25 billion. The third quarter data center revenue was $30.8 billion, with a market expectation of $29.14 billion; The net profit for the third quarter was 19.31 billion US dollars, a year-on-year increase of 109%, and the market expectation was 16.93 billion US dollars; Adjusted earnings per share for the third quarter were $0.81, with a market exp ... 阅读全文

NIO releases' strongest ever 'quarterly guidance, Li Bin gives profit schedule Reporter Qiu Dekun from China Fund News On the evening of November 20th, NIO released its financial report showing that its operating revenue for the third quarter of 2024 was 18.67 billion yuan, an increase of 7.0% compared to the previous quarter; The gross profit margin has increased to 10.7%, with the overall gross profit margin for vehicles rising to 13.1%. At the same time, NIO r ... 阅读全文

On Wednesday (November 20th) local time, Federal Reserve Governor Bauman called for continued caution towards further interest rate cuts, as progress in reducing inflation has slowed down and the job market is strong.

Federal Reserve Governor Cook: It is appropriate to continue cutting interest rates as inflation continues to fall Cook said on Wednesday that as overall inflation in the United States continues to decline and the wage and labor markets gradually cool down, it may still be appropriate to continue cutting interest rates in this context.

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