Major bank rating丨BOCOM INTL: It is expected that the revenue growth Range of mainland e-commerce platforms will be between 8% and 14% this year.
BOCOM INTL published a report indicating that yesterday the National Development and Reform Commission and the Ministry of Finance released the "Notice on Implementing Large-scale Equipment Renewal and Consumer Goods Replacement Policies by 2025", expanding the 8 categories of household appliances in the consumer goods market for 2024 to 12 categories. In the first quarter of this year, according to the press conference, considering the consumer demand during the New Year's Day and Spring Festival, a subsidy fund of 81 billion yuan for old-for-new consumer goods has already been allocated. Compared to last year's 50 billion yuan/20% subsidy ratio for household appliances, it is expected that the first quarter will drive the sales of household appliances, digital products, and other categories to exceed 150 billion yuan, compared to the retail sales of communication equipment in the first quarter of 2024.
Express News | Alibaba: On January 7th, approximately 39.99 million dollars was spent to repurchase 3.7808 million shares.
Hong Kong stock market midday review | The three major Indexes collectively rebounded! Xiaomi and Tencent rose about 2%; Semiconductors stocks continued to rise, Semiconductor Manufacturing International Corporation rose over 4%.
Network Technology stocks weakened, Bilibili-W fell by 3.60%, XIAOMI-W rose by 2.59%; Sporting Goods stocks performed well, ANTA SPORTS increased by 5.32%, TOPSPORTS dropped by 3.44%; Hong Kong Retail Stocks weakened, BOSSINI INT'L rose by 3.81%, PRADA fell by 2.76%;
Elon Musk Agrees That We've Exhausted AI Training Data
Jack Ma: The population structure of China is changing, and the future world will be reshaped by AI.
According to domestic media "IT Home" reports, Alibaba-W (09988.HK) founder Jack Ma, in a video from the Jack Ma Foundation, shares his views on the development of AI in this era, believing that changes in the next ten years may exceed imagination. China's demographic structure is changing, the future world will be reshaped by AI, and society will have new demands for rural Education.
Express News | The Tongyi Wansiang upgrade solves the challenges of complex motion and adherence to physical laws in video generation models.