Three major US stock indexes overnightMixed up and down,S&P 500 indexIt rose by 0.12% to 4508.24 points.Nasdaq composite indexIt rose by 0.07% to 14,113.67 points.Dow Jones industrial averageIt fell by 0.13% to 34,945.47 points.
Among the US stocks overnight,A total of 81 Chinese stocks rose and 177 Chinese stocks fell..
Popular Chinese stocksAmong them, Alibaba fell by 9.14%, Pinduoduo by 1.20%, Netease by 2.37%, JD.COM by 1.78%, Baidu by 3.15%, New Oriental by 1.73%, Billy by 7.63% and Iqiyi by 4.19%.
New forces of building carsAll fell, LI fell by 4.10%, Weilai fell by 6.80% and Xpeng Motors fell by 6.67%.
[Related News]
ZTO Express’s adjusted earnings per ADS in the third fiscal quarter were higher than expected.
ZTO Express’s adjusted income per ADS in the third fiscal quarter was 2.83 yuan, and analysts expected 2.81 yuan; After adjustment in the third fiscal quarter, EBITDA was 3.44 billion yuan; Revenue in the third fiscal quarter was 9.08 billion yuan, and analysts expected 9.97 billion yuan.
Cai Chongxin responded to Alibaba Cloud’s suspension of spin-off: the big environment has changed, and now it is necessary to show the value of cloud business through further investment.
On the conference call of Ali Financial Report, some investors asked whether Alibaba Cloud’s listing plan would be suspended or cancelled forever, and whether Alibaba Cloud’s spin-off would be reconsidered after the market situation changed. In this regard, Cai Chongxin, Chairman of the Board of Directors of Alibaba Group, did not give a clear answer. Cai Chongxin said that at that time, I wanted to do the complete spin-off of Alibaba Cloud because I wanted to show the real value of the business through the so-called financial engineering. At that time, Alibaba Cloud’s big environment, the whole operation was predictable, and the growth trend of the business could be displayed to investors transparently. "Now the big environment has changed. Now we no longer show the value of the cloud business through financial engineering, but through further investment, and we will seek to improve its growth, including revenue and profit." (The Paper)
Alibaba: Take businesses and products that meet the needs of users and the trend of AI-driven change as the first priority.
Wu Yongming, CEO of Alibaba Group, said that Alibaba Group will play a better role in strategic incubation. On the one hand, for businesses and products that meet the needs of users and the trend of AI-driven change, it is the first priority; On the other hand, for future-oriented innovative products, we will resolutely invest in long-term ideas, while maintaining strategic patience, and take three years as the evaluation and value test cycle to cultivate new business and new kinetic energy for Alibaba’s future development. (CBN)
Ali CEO Wu Yongming: Alibaba Cloud maintains an independent company operation and adopts the CEO responsibility system authorized by the board of directors.
According to The Paper, on the evening of November 16th, Wu Yongming participated in the quarterly earnings analyst conference call for the first time as CEO of Alibaba Group. On the basis of clarifying the reform measures of Alibaba Group, Wu Yongming introduced the development strategies and priorities of various business groups completely. Taobao Tmall adheres to the strategy of consumption classification and price power; Alibaba Cloud will adhere to the principle of "AI-driven, public cloud first" and develop with two-wheel drive of AI and cloud computing. Ali Group will maintain a long-term firm investment in the strategic direction of Alibaba Cloud, while Cloud Intelligence Group will continue to operate as an independent company and adopt the CEO responsibility system authorized by the board of directors.
Ali’s 1688, Idle Fish, Nail and Quark will operate as independent subsidiaries in the future.
According to the Securities Times, on the evening of November 16, at the conference call of financial analysts, Wu Yongming, CEO of Alibaba Group, announced the first batch of strategic innovative businesses-1688, idle fish, nails and quarks. In the future, these strategic innovative businesses will be organized as independent subsidiaries, and the business will break the previous positioning restrictions within the group. Ali will continue to invest in 3-5 years. Wu Yongming also clarified the selection criteria for strategic innovation business for the first time: having a huge enough market space; Have a unique market positioning; In line with the user demand trend and the group’s "AI-driven" strategy. "Successful technology companies must have the ability to cross the technology cycle," Wu Yongming said. Facing the AI ? ? era, Ali will resolutely devote himself to the technology revolution and product innovation, create innovative business and technology products, and meet the new expectations and new demands of the expanding market for products and services.
Alibaba Wu Yongming: Prioritizing user purchase frequency over GMV is the most critical goal of platform operation.
Wu Yongming, CEO of Alibaba, said that Taobao will adhere to the positioning of Internet consumption platform, and Taotian Group will not position itself as a retail company. Starting from the positioning of consumption platform, we will adhere to the user-first perspective in strategy, and take improving platform stickiness and customer retention as the core goal. From the perspective of operation, we will take the priority of user purchase frequency over GMV as the most critical goal of platform operation, and the purchase frequency directly reflects the user’s recognition of the consumption platform. (Sina Finance)
Alibaba Wu Yongming: Rookie will accelerate the construction of global intelligent logistics network.
Alibaba CEO Wu Yongming said that for the next three years, the rookie’s core strategy is to accelerate the construction of global intelligent logistics network, increase investment in logistics technology, seize the historical opportunity of rapid development of cross-border e-commerce, and achieve rapid growth of international business by providing innovative products for cross-border e-commerce platforms and businesses; Adhere to the road of differentiation in China, export scientific and technological capabilities, help brand merchants and manufacturers improve the digital and intelligent level of logistics, provide high-quality, multi-platform and omni-channel supply chain and logistics solutions for brand merchants and consumers, and maintain the healthy development of business. (Sina Finance)
Ali CEO Wu Yongming: Insist on "Universal Taobao" and regard price power as the core strategy of commodities at all levels.
According to CBN, on the evening of November 16, at the conference call of financial analysts, Wu Yongming, CEO of Alibaba Group, said that the business priority of Taobao Tmall would be further clarified-users first. Focusing on users first, Taobao has three persistences: insisting on being a "universal Taobao", insisting on the strategy of consumption classification and price power, and insisting on the user value positioning of the Internet consumption platform. Wu Yongming believes that Taobao should firmly be a comprehensive platform to meet the multi-level needs of the largest consumer groups in order to increase the frequency of purchases. This is Taobao Tmall’s choice to keep growing in today’s competitive landscape. Taobao will also implement a multi-level market strategy and price power strategy within an APP. Wu Yongming said that Taobao is a super APP, covering three mainstream sales models: live content-driven model, brand marketing model and daily low-price model, and has the ability to accommodate multiple product stratification and multiple value propositions from brands to white brands. I hope that through the iteration of AI technology and operation mode, Taobao will truly become a consumer APP that embraces diversified markets, and take price power as the core strategy of commodities at all levels.
Alibaba: In FY 2023, the total annual dividend will be about $2.5 billion.
Alibaba announced that the board of directors has approved the distribution of the annual cash dividend for fiscal year 2023 to the holders of common shares and American Depositary Shares registered at the close of business on December 21, 2023, Hong Kong time and new york time, with the amount of 0.125 USD per common share or 1.00 USD per American Depositary Share, respectively, to be paid in USD. The total dividend is about $2.5 billion.
Alibaba: The number of employees decreased by 3,720 in a single quarter.
Alibaba Group released its report for the second fiscal quarter of fiscal year 2024 as of September 30, 2023, with a total of 224,955 employees and 228,675 employees as of June 30, 2023.
Alibaba: Rookie’s revenue in the second fiscal quarter increased by 25% year-on-year
Alibaba Group released the second fiscal quarter report of fiscal year 2024 as of September 30, and the single-quarter revenue of Cainiao Group was 22.823 billion yuan, a year-on-year increase of 25%. According to the number of parcels delivered in 2022, Cainiao has become the world’s number one cross-border e-commerce logistics company. This quarter, Cainiao launched the flagship product of cross-border logistics "Global 5-Day Reach", covering 8 countries and regions. This quarter, the rookie adjusted EBITA to 906 million yuan.
Alibaba: Repurchase about 18.6 million American Depositary Shares for about $1.7 billion.
Alibaba announced that about 18.6 million American Depositary Shares (equivalent to 148.4 million ordinary shares) were repurchased for about $1.7 billion in this fiscal quarter according to the company’s share repurchase plan.
Alibaba: In September, Taobao app users achieved healthy year-on-year natural growth.
Alibaba’s financial report pointed out that as of September 30, 2023, thanks to our content and price competitiveness strategy, Taobao app users achieved healthy year-on-year natural growth. As we continue to increase interactive content and expand the categories of goods with competitive prices provided by existing and new businesses, the number of buyers and orders recorded an increase in this quarter. In addition, the number of 88VIP members in this quarter exceeded 30 million, achieving double-digit growth year-on-year. The 15th Tmall double 11 Global Carnival Season of Taotian Group was successfully concluded, and its participating merchants, trading buyers and orders all recorded positive growth compared with the same period of last year.
Alibaba: The expansion of export control rules in the United States may have a major adverse impact on Cloud Intelligence Group.
Alibaba’s financial report pointed out that in October 2023, the United States expanded its export control rules and further restricted the export of advanced computing chips and semiconductor manufacturing equipment to China. In our opinion, these new restrictions may have a significant adverse impact on the ability of Cloud Intelligence Group to provide products and services and to perform existing contracts, thus negatively affecting our operating performance and financial position. These new restrictions may also have a broader impact on many of our related businesses and limit our ability to upgrade our technology.
Alibaba: Box Ma Xiansheng’s IPO plan has been suspended.
Alibaba’s financial report shows that Box Horse Xiansheng’s IPO plan has been suspended, and we are evaluating the market situation.
Alibaba: Resolutely increase strategic investment in Alibaba Cloud and no longer promote complete spin-off
On November 16, Alibaba Group’s financial report revealed that due to various uncertainties, the complete spin-off of Cloud Intelligence Group will no longer be promoted. At the same time, Alibaba will resolutely increase its sustained strategic investment in Alibaba Cloud to ensure that Alibaba Cloud will focus on the development strategy of "AI+ cloud computing" and build a technologically advanced cloud computing service in the AI era.
Alibaba’s Q2 revenue in fiscal year 2024 was 224.79 billion yuan, a year-on-year increase of 9%.
Alibaba’s Q2 revenue in fiscal year 2024 was 224.79 billion yuan, a year-on-year increase of 9%; The adjusted net profit was 40.19 billion yuan, a year-on-year increase of 19%; After adjustment, EBITDA was 49.24 billion yuan, a year-on-year increase of 14%; After adjustment, the income per ADS was 15.63 yuan, compared with 12.92 yuan in the same period of last year. The total dividend will be about $2.5 billion; The board of directors approved the annual cash dividend of $0.125 per common stock. Ant Financial contributed $116 million in profits to Alibaba in the second quarter.
Ali Health: It will be held at the board meeting on November 28th.
Ali Health announced on the Hong Kong Stock Exchange that a board meeting will be held on Tuesday, November 28, 2023, with the purpose of considering and passing (including) the unaudited interim results of the Company and its subsidiaries for the six months ended September 30, 2023, and considering the proposal to pay interim dividends (if any).
Ma Yun Family Trust intends to reduce Alibaba’s holdings.
According to the 144 documents disclosed by official website of the US Securities and Exchange Commission (SEC), Ma Yun’s family trust JC Properties Limited (a British Virgin Islands company) and JSP Investment Limited (a British Virgin Islands company) intend to reduce their holdings by 5,000,000 shares of Alibaba’s founder respectively on November 21st. It involves a total stock market value of 870.7 million US dollars.
Sina and Huawei reached a cooperation to start the development of native applications in HarmonyOS such as Weibo.
According to Sina News, today, Sina Group and Huawei held the launching ceremony of HarmonyOS native application development, officially announced the development of HarmonyOS native application of Weibo and Sina News, and launched comprehensive and in-depth cooperation in the fields of technological innovation, industrial application and commercial cooperation.
Netease’s revenue in the third quarter was 1.54 billion yuan, up 9.7% year-on-year.
On November 16th, according to Netease’s financial report, in the third quarter of 2023, Netease had a net revenue of 1.54 billion yuan, a year-on-year increase of 9.7%, and its gross profit margin increased to 55.9%.
Alipay responded that the membership service "collapsed": the situation was quickly fixed.
On November 16th, Alipay customer service official Bo issued a document saying that this afternoon, a small number of users did not access the Alipay member channel smoothly, and the situation was quickly fixed.
JPMorgan Chase reduced its long position in Hong Kong shares in Xpeng Motors from 5.13% to 4.73%.
According to HKEx documents, JPMorgan Chase reduced its long position in Hong Kong shares in Xpeng Motors from 5.13% to 4.73% on November 13th.
Netease Q3 financial report: net income of 27.3 billion yuan, self-developed large-scale model batch landing business front line.
On November 16th, Netease released the Q3 financial report for 2023. In the third quarter, Netease’s performance was steady with a net income of 27.3 billion yuan; Under non-GAAP, the net profit attributable to shareholders of the company was 8.6 billion yuan; The R&D investment in a single quarter was 4.3 billion yuan, and the R&D investment in the first three quarters of this year has exceeded 12 billion yuan. During the quarter, Netease AI’s self-developed large-scale model was applied in batches in core business and physical scenes, and at the same time, technology was used to help the smart Asian Games, increase the protection of minors, and innovate to play the social value of technology.
LI: The ideal MEGA Max is expected to sell for less than 600,000 yuan.
On November 16th, LI Guanwei announced that the Ideal MEGA will open the reservation at 9:40 on November 17th, 2023. The expected price of the ideal MEGA Max is less than 600,000 yuan, and the official price will be announced at the press conference in December 2023. The ideal MEGA delivery will start in late February 2024.
Xiao Yafei, Secretary of Dongguan Municipal Party Committee, met with Li Yanhong, Chairman and CEO of Baidu.
According to WeChat official account news of WeChat released by Dongguan, Xiao Yafei, secretary of Dongguan Municipal Party Committee, met with Robin Li, founder, chairman and CEO of Baidu, and his party on November 15th. The two sides had in-depth exchanges on deepening strategic cooperation and promoting the high-quality development and high-level application of artificial intelligence. Xiao Yafei said that at present, Dongguan is vigorously cultivating and developing the artificial intelligence industry. It is hoped that the two sides will explore cooperation and deepen the research and development of artificial intelligence technology in digital economy, manufacturing, smart cities, etc., and help Dongguan seize the emerging industries such as artificial intelligence, big data and computing power, and promote the intelligent transformation and digital transformation of traditional advantageous industries. Li Yanhong expressed the hope that the two sides will further deepen mutually beneficial cooperation, accelerate the application of artificial intelligence technology in various fields, and promote the deep integration of artificial intelligence with service industry and manufacturing industry.
Xiao Yafei, secretary of Dongguan Municipal Party Committee, met with Li Yanhong, founder, chairman and CEO of Baidu.
According to WeChat official account news of WeChat released by Dongguan, Xiao Yafei, secretary of Dongguan Municipal Party Committee, met with Robin Li, founder, chairman and CEO of Baidu, and his party on November 15th. The two sides had in-depth exchanges on deepening strategic cooperation and promoting the high-quality development and high-level application of artificial intelligence. Xiao Yafei said that at present, Dongguan is vigorously cultivating and developing the artificial intelligence industry. It is hoped that the two sides will explore cooperation and deepen the research and development of artificial intelligence technology in digital economy, manufacturing, smart cities, etc., and help Dongguan seize the emerging industries such as artificial intelligence, big data and computing power, and promote the intelligent transformation and digital transformation of traditional advantageous industries. Li Yanhong expressed the hope that the two sides will further deepen mutually beneficial cooperation, accelerate the application of artificial intelligence technology in various fields, and promote the deep integration of artificial intelligence with service industry and manufacturing industry.
The national medical insurance negotiation in 2023 is expected to be held in Beijing tomorrow.
Blue Whale reporter learned from many sources today that the national medical insurance negotiation in 2023 is expected to be held at the International Exchange Center of Beijing National Federation of Trade Unions tomorrow (November 17). This time, there are not only many PD-1 varieties, such as Karelizumab from Hengrui, Cinda Bio’s Cindilizumab, Baekje Shenzhou’s Tirelizumab, but also the "high price" CAR-T for "Second Palace". (Blue Whale Finance)