U.S. stock market closing | All three major indexes fell, with the Dow experiencing nine consecutive declines; Tesla rose over 3% to reach new highs, and Quantum Computing concept stocks surged again, with QUBT skyrocketing over 51%.

The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.

wallstreetcn53minutes ago

Shanghai Sanyou Medical Co., Ltd acquires its controlling subsidiary at a 4 times premium, with the necessity of the Trade and performance commitments being key points of inquiry.

① Shanghai Sanyou Medical Co., Ltd intends to acquire the remaining shares of its subsidiary, Shuimu Tianpeng. An assessment indicates that Shuimu Tianpeng's value has increased by 0.693 billion yuan, with a value increase rate of 406.21%. ② Shanghai Sanyou Medical Co., Ltd stated that the acquisition is beneficial for enhancing the company's overall profitability. Prior to the acquisition, Shanghai Sanyou Medical Co., Ltd had consistently faced declining performance.

cls.cnDec 17 18:18

Alibaba's New Retail major withdrawal.

Focus on the main business.

wallstreetcnDec 17 17:29

CVC under Yili raised a seed Fund in Anhui to invest in food science start-ups.

① Yili stated that the establishment of the Anhui Jianling Seed Fund aims to seek investment opportunities in early-stage innovative enterprises in the health food sector. ② The Anhui Jianling Seed Fund will invest no less than 70% of the total investment amount in small and medium-sized technology innovative enterprises in the startup phase.

cls.cnDec 17 17:07

Alibaba lost 9.3 billion and sold 100% of its shares in Intime, while Youngor Group made another successful investment.

① Alibaba will sell 100% equity of Intime Department Store to a buyer consortium composed of Youngor Group and Intime management team members. ② This year, Youngor Group has strengthened its investment in physical businesses, opening 13 new fashion experience stores offline. ③ Alibaba entered Intime in 2014 and gradually became the largest shareholder; as New Retail progressed to a decline, Alibaba ultimately let go of Intime.

cls.cnDec 17 14:40

7.4 billion! Alibaba "shakes off" the burden, Youngor Group officially takes over Silver Intime Department Store.

Analysts point out that although the Youngor Group's acquisition helps its expansion in the retail market, the department store industry is continuously shrinking.

cls.cnDec 17 13:44