JCHI JPMORGAN ACTIVE CHINA ETF
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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.
NetEase Goes Ex Dividend Tomorrow
Tencent wants to start the “AI era for all”
The scene of the Yuanbao press conference. Liu Yuhong, vice president of Tencent Cloud and head of Tencent's hybrid model, author | Huang Yu | Zhou Zhiyu is calling for a lot of calls. Tencent, which has taken the leading position in domestic social communication, has finally begun to extend its reach to independent AIGC apps. The battlefield is already full of waves, but no winners have come out yet. On May 30, Tencent announced the official launch of the app “Tencent Yuanbao” based on the mixed-yuan model. Previously, Tencent also built mixed element assistants for the C side, but only the applet and PC side. Yuanbao is considered the first AIGC pure application built by Tencent for the C side. Vice President of Tencent Cloud, Teng
A new hope for Tencent games
The DNF mobile game topped the list in the first week of its launch.
China Stocks' Rally Sustainability to Hinge on Policy Delivery: Goldman
Kinger Lau, chief China equity strategy at Goldman Sachs, discusses the outlook for the nation's stocks and the opportunities he sees. He speaks on "Bloomberg: The China Show."
NetEase is waiting for new hits
Boosting market confidence.
After issuing convertible senior notes, will JD be followed by Ali?
JD issues convertible bonds, and Ali will follow suit. Who might be next? On Wednesday, Alibaba's Hong Kong stock fell by more than 5%. According to the news, people familiar with the matter said that Ali is considering issuing convertible bonds and plans to raise about 5 billion US dollars in capital. Earlier, on May 21, JD announced that it plans to issue convertible bonds with a total scale of 1.75 billion US dollars. After three consecutive days of decline, JD Hong Kong stocks fell by more than 4% today. JD said that the issuance of convertible bonds will enable it to use low financing costs (0.25% coupon rate) to speed up the share repurchase process at the current stock price. The conversion price is 45.7%, and the market price premium is about 35%. In response, HSBC said: Mutual
Tencent, IFlytek Cut Prices of AI Services, Following Alibaba, Baidu's Move - Report
Tencent's market capitalization is rushing to 4 trillion dollars. How long can the momentum last, and can “the king return”?
A tough battle.
Tencent or the dark side of Investment Month continues to compete with Ali for the “No. 1 AI Investor”
On the 21st, according to all-weather technology news, the big model startup Moon's Dark Side is currently undergoing a new round of financing. Investors include Tencent and Gao Rong Venture Capital. If discussed, LLM startups with domestic valuations exceeding 1 billion dollars will basically have Ali and Tencent.
Do more with JD Ali, and the “big short” in subprime loans will eventually “fall in love” with Chinese companies
Selling US stocks and buying securities in China
Tencent's big model launches a new brand
Value orientation.
Ali has taken back the initiative
It's tough to keep up.
Options Market Statistics: Walmart Stocks Jump, Options Pop as Q1 EPS and Revenue Beat
News Highlights
Tencent Conference Call: Advertising and Gaming Benefit from AI Deployment, Total Game Traffic Resumes Growth
Specifically, among Tencent's three main businesses, revenue from the value-added services business fell 0.9% year-on-year in the first quarter of 2024. Tencent said that with the implementation of various government economic stimulus measures, Tencent expects this trend to gradually reverse and the fintech business to resume growth. Moreover, Tencent has achieved initial results in monetizing SaaS products that have been provided free of charge for a long time. Tencent will continue to steadily advance the monetization process of SaaS services in the future. In the advertising business, Tencent continues to innovate advertising technology and uses AI to optimize advertising targeting to enhance its competitiveness and efficiency. In the game business, Tencent expects that with the advancement of technology, the mixed-element big model can be developed into multi-modal AI in the future, which can create high-quality video content and further help game production.
Earnings Call Summary | Tencent(TCEHY.US) Q1 2024 Earnings Conference
The following is a summary of the Tencent Holdings (TCEHY) Q1 2024 Earnings Call Transcript:Financial Performance:Tencent reported Q1 2024 total revenue of RMB 160 billion, an increase of 6% year-on-y
Alibaba Stock Dips as Huge Investment Losses In Q4 Overshadow Revenue Growth and Dividend
Alibaba stock is trading lower Tuesday after the company reported its quarterly results.
Tencent Non-GAAP EPS of RMB5.26, Revenue of RMB159.5B
Tencent's net profit for the first quarter surpassed expectations, up 62% year on year, and will increase repurchase efforts in the future | Financial News
Video accounts, etc. are driving the growth of the advertising business and offsetting the decline in the game business. Tencent said that the cumulative repurchase of HK$14.8 billion in the first quarter reached a record high, and this year it will step up efforts to implement the 2024 repurchase plan of over 100 billion yuan.