US stocks closed | Non-farm employment was hit hard and interest rate expectations fell, with all three major indexes falling collectively. Gamestop plummeted nearly 40%.

After the US employment report, US bond yields rose more than 10 basis points; the US dollar index, which had approached its two-month low, rose sharply and hit a new high in more than a week; offshore renminbi fell 180 points and lost 7.26. Bitcoin dropped more than $3,000, approaching the $72,000 mark in intraday trading.

wallstreetcnJun 7 21:42 ET

Alibaba Projects $60B GMV for 2024, Plans New Business Model Breakthroughs

Alibaba Group Holding Limited (NYSE:BABA) projects $60 billion in GMV for its B2B platform Alibaba.com in 2024, marking a 20% increase from last year's $50 billion.President Zhang Kuo explained that g

BenzingaJun 7 10:26 ET

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

wallstreetcnJun 7 06:26 ET

AU Evening Wrap: Australia Shares Rise 0.5%, Complete Best Week Since December

Australia shares rise 0.5%, complete best week since December. Ten of the ASX 200's eleven sectors finished higher.

Moomoo News AUJun 7 03:36 ET

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.

wallstreetcnJun 6 21:00 ET

AU Morning Wrap: ASX Up Amid Miners' Rise; Life360 Launches on Nasdaq

ASX up amid miners' rise; Life360 launches on Nasdaq. Stocks to watch: Life360, GQG Partners.

Moomoo News AUJun 6 20:32 ET