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Barclays Initiates on Xiaomi With Overweight, Sees Attractive Valuation and Potential From GenAI
Barclays on Thursday initiated its coverage on Chinese consumer electronics maker Xiaomi (OTCPK:XIACY) with an Overweight rating and a price target of $15, citing an "attractive" valuation and potential from GenAI to aid further growth.
Ping An Goes Ex Dividend Tomorrow
Meituan learns from pdd holdings.
Author | Liu Baodan Editor | Zhou Zhiyu After Alibaba and JD replicated the tens of billions of subsidies, Meituan also began to learn from Pinduoduo. Wang Xing applied the low-price group-buying model to local life, stabilizing the competition situation with Douyin. On June 6, Meituan handed in a better-than-expected quarterly report. In the first quarter of 2024, Meituan achieved a revenue of 73.3 billion yuan, a year-on-year increase of 25%, although the growth rate was slightly lower than the same period last year, but performed better than the previous two quarters, maintaining high growth. In terms of profitability, Meituan had a net profit and adjusted EBITDA of 5.37 billion yuan and 8.07 billion yuan, respectively, with growth rates of 60% and 2
Meituan Phone Meeting: accumulated over 100 million members, Q2 on-demand order growth will return to normal, increasing live broadcasting efforts.
Meituan stated that overseas expansion is an important direction for the long-term growth of Meituan. Meituan Maicai plans to expand to the global market but will remain cautious. At the same time, the company empowers businesses with AI, attracts consumers by issuing a large number of coupons and providing discounts on popular products. In addition, the company is increasing its efforts in live-streaming activities and penetrating lower-tier markets to adapt to the transformation of consumer downgrading. Furthermore, Meituan's emerging businesses, such as bike sharing and power bank rentals, are leading the industry.
Lei Jun and Yu Chengdong rarely share the same frame
Author: Yu Yan Editor: Zhou Zhiyu No one is envious of Lei Jun's traffic. On June 1, at the Guangdong-Hong Kong-Macao Greater Bay Area Auto Show and 2024 (2nd) Future Car Pioneers Conference, Xiaomi Chairman Lei Jun, Yu Chengdong, Chairman of Huawei Smart Car Solution BU, and Li Bin, Chairman of NIO Auto, were all present. BYD also covered the entire exhibition hall and displayed its industrial layout in a systematic manner. It is worth mentioning that this was a rare public appearance for Lei Jun and Yu Chengdong after dinner at the 2017 World Internet Conference. Even at the Beijing Auto Show not long ago, these two bosses didn't make it public
May tram delivery report card: NIO and Extreme Krypton hit new highs, and Xiaopeng returned to the era of 10,000 cars! Xiaomi SU7 delivered more than 8,600 vehicles
The ideal is to rank first in “Wei Xiaoli” with delivery data of over 35,000 units. Nacha Auto was left behind, and deliveries in May fell by more than 20% year on year.