Overnight news: mixed ups and downs in US stocks, Apple is expected to face charges related to the EU Digital Markets Act, US consumer confidence index fell to a seven-month low.

For more global financial news, please visit 7x24-hour real-time financial news. Market close: US stocks rose and fell on Friday, Nasdaq hit a new high for the fifth consecutive day. Most popular Chinese concept stocks fell on Friday, with Alibaba down 3.1% and Li Auto down 3.3%. Top 20 US stock market turnover on June 14: Nvidia has risen for eight consecutive weeks, with a market cap surpassing 3.2 trillion US dollars. US WTI crude oil fell 0.2% on Friday, up 3.9% this week. Major European stock indices fell collectively, with the German DAX30 index down 1.42%. Macro: US consumer confidence index hits seven-month low as high prices loom.

環球市場播報Jun 14 17:22 ET

IDC: China's financial cloud market is expected to reach 4.72 billion US dollars in the second half of 2023, with a year-on-year growth rate of 2.1%.

According to the latest "China Financial Cloud Market (2023 H2) Tracking" report released by IDC, the scale of China's financial cloud market reached $4.72 billion in the second half of 2023, a year-on-year increase of 2.1% (calculated in RMB, it was 34.06 billion yuan, a year-on-year increase of 5.6%).

Zhitong FinanceJun 14 01:41 ET

Express News | South Korea's Consumer Safety Agency Says 27 Out of 88 Tested Products Sold by Foreign E-Commerce Platforms Did Not Meet Safety Standards

ReutersJun 13 23:00 ET

Market cap is heading towards trillions of dollars! Kai-Fu Lee: Excellent companies in China also have this opportunity.

From contemporary amperex technology and Huawei to Alibaba and Tencent, they all have the opportunity to become trillion-dollar market cap companies.

Gelonghui FinanceJun 12 02:01 ET

Alibaba's New E-Commerce Strategy Shows Some Success, But Competition Gets Tougher

By Tracy Qu Alibaba's strategic shift to prioritize long-term growth over substantial near-term profits is showing some early success, but analysts say increasing competition could prevent the e-comm

WSJJun 11 03:49 ET

[Brokerage Focus] Citic Sec points out that the overall growth rate of consumer large-cap is flat, but the e-commerce large-cap is exhibiting significant excess growth.

Jingu Financial Information | Citic Securities stated that the e-commerce platform game continues. In the first quarter of 2024, the social and physical e-commerce ratio increased by 4.7%/11.6% year-on-year, and the overall consumption market growth was relatively flat. However, the e-commerce market showed a significant excess growth rate. The bank believes that the head platforms strengthen customer acquisition and price competition may push the online rate to accelerate in stages throughout the year. On the platform side, in the first quarter, Douyin and PDD Holdings (PDD US) GMVs still showed a significant excess growth rate, while Alibaba (09988) and JD.com (09618) growth rates rebounded. Both Taotian and JD.com actively reduced the monetization rate in the first quarter in order to pursue GMV growth,

金吾財訊Jun 11 03:37 ET