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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.
According to BOCOM INTL, the domestic sales of digital home appliances in the first quarter may exceed 150 billion yuan, supported by national subsidies which could drive stable growth in GMV for e-commerce platforms.
BOCOM INTL released a report indicating that yesterday (8th), the National Development and Reform Commission and the Ministry of Finance issued a notice on the "Implementation of Large-Scale Equipment Upgrading and Replacement Policy for Consumer Goods by 2025". This expands the 8 categories of consumer goods in the 2024 appliance market to 12 categories, adding Microwave, water purifiers, dishwashers, and Rice Cooker. The air conditioning subsidy increases to 3 items, still adhering to the subsidy standards of 20% for grade 1 energy efficiency and 15% for grade 2 energy efficiency, and new subsidies for mobile digital products will be implemented. A 15% subsidy will be provided to individual consumers purchasing mobile phones, tablets, smartwatches, and wristbands (with a unit price not exceeding 6,000 RMB). The bank stated that mainland.
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%;
Alibaba (09988.HK) upgraded the Hong Kong "traffic light countdown" function on Amap.
Alibaba (09988.HK) (BABA.US) subsidiary Amap announced the completion of the upgrade for the "Traffic Light Countdown" feature in Hong Kong, which now successfully covers nearly 90% of traffic light intersections in the area, with over 0.65 million countdowns read daily. Amap first launched the "Traffic Light Countdown" feature in 2022, which has now been implemented in over 360 cities in mainland China. Amap stated that through computational power to "predict" the second-level changes in the red light countdown service, it can not only be applied during driving but also during the ride-hailing process for users. In the future, it will continue to promote the application of smart transportation technology to provide citizens with a more efficient experience.
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BOCOM INTL: The continuation of national subsidies may drive steady growth in GMV for e-commerce platforms, with revenue growth expected in the Range of 8-14% by 2025.
BOCOM INTL currently predicts that Alibaba/JD.com e-commerce GMV will increase by approximately 6%/8% year-on-year.
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.
Express News | Shenzhen AOTO Electronics' Dubai representative office officially opened.
Sensor Tower: In 2024, 'Temu' won the Global e-commerce application download ranking and growth ranking championship.
In 2024, 'Temu' continues to maintain rapid global expansion, topping the total download charts of mobile applications in over 40 countries and winning the championship in global e-commerce application downloads and growth rankings.
Cai Niao upgraded the Europe plan, providing customers with one-stop Logistics and supply chain services.
According to reports from domestic media, Cainiao International has further upgraded its full-chain products and local solutions in Europe, providing customers with one-stop logistics and supply chain services. The report cites the company's responsible person indicating that customers have varying needs for cross-border logistics services at different stages, especially regarding overseas local delivery services. Taking a domestic brand as an example, this brand already has a stable number of Orders in Europe, covering countries such as Germany, Swiss Franc, France, Hungary, and the Czech Republic, and aims to reduce costs while ensuring timeliness through cooperation with Cainiao. Cainiao estimates that the overseas local delivery costs for this brand in Europe will decrease by about 5%. Additionally, the report also mentions Cainiao in Spain.
Repurchase collection on January 8 | TENCENT, HSBC Holdings, and others have repurchased shares, with TENCENT spending 1.503 billion HKD.
According to a document disclosed by HKEX on January 9, TENCENT (00700.HK) and HSBC Holdings (00005.HK) repurchased shares. ① TENCENT (00700.HK) repurchased 4.05 million ordinary shares on January 8, involving an amount of 1.503 billion Hong Kong dollars, with the repurchase price ranging from 379.2 Hong Kong dollars to 366 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of shares repurchased is 0.243 billion shares, accounting for 2.584% of the total issued shares at the time of the ordinary resolution's approval. ② HSBC Holdings (00005.HK) on January 7.
Daily Bull and Bear | The Inflow of funds into Tencent is higher than that of the Hang Seng Index! Yesterday, Tencent's good position saw an additional investment of 66 million HKD; the proportion of bear certificates in circulation for the Hang Seng Inde
The Hang Seng Index night futures closed at 19,264 points, down 37 points; the net Inflow for long positions yesterday was 47 million HKD, and for short positions, it was 3 million HKD; the top five stocks for Inflow in long positions and the Index were: Tencent, Hang Seng Index, Xiaomi, Meituan, and Alibaba.
[Brokerage Focus] BOCOM INTL expects the revenue growth Range of e-commerce platforms to be between 8-14% in 2025.
Jinwu Finance News | BOCOM INTL indicated that on January 8, the National Development and Reform Commission and the Ministry of Finance released the "Notice on Implementing a Large-Scale Equipment Replacement and Consumer Product Trade-In Policy by 2025". This will expand the 8 categories of home appliances in the 2024 consumer market to 12 categories and implement a 15% subsidy for mobile digital products. The bank stated that the conference introduced considerations for the consumption demand during New Year's Day and the Spring Festival, with 81 billion yuan in subsidies already allocated for consumer product trade-ins. The bank expects that in the first quarter, sales in categories like home appliances and digital products could exceed 150 billion yuan, estimating that the subsidy will drive approximately 31 billion yuan in sales on Tmall/JD.com for home appliances and digital products, respectively.
Futu Daily Report | Will the Federal Reserve pause interest rate cuts? Meeting minutes show officials are eager to slow down the pace of rate cuts; U.S. stocks are closed today in mourning for the death of former President Carter's.
The Trump team is reportedly considering declaring a national economic emergency to implement high and widespread tariffs; Bearish surprise! A single remark from NVIDIA CEO Jensen Huang triggered a collective drop in USA quantum computing stocks.
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Alibaba Options Spot-On: On January 8th, 174.31K Contracts Were Traded, With 2.75 Million Open Interest
On January 8th ET, $Alibaba(BABA.US)$ had active options trading, with a total trading volume of 174.31K options for the day, of which put options accounted for 40.69% of the total transactions, and
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Express News | The Prime Ministers of Kyrgyzstan, Uzbekistan, and Tajikistan held discussions to strengthen cooperation.