Good morning! A great day starts with making money.
<h3>Overnight Market Update</h3>
S&amp;P and Dow fell from record highs, NVIDIA hits new high, Chinese concept stocks outperform the market.
Following last week's CPI and PPI data, inflation indicators are once again in focus this week. The three major U.S. indexes all closed lower, with the Dow and S&amp;P falling from their recent record highs for the second consecutive day. The Nasdaq fell by 0.13%, the S&amp;P 500 by 0.38%, and the Dow by 0.16%.
Tesla rose by about 3.9%, Alphabet-C dropped by 4.5%, Meta by nearly 0.5%, Apple by nearly 0.8%, Microsoft by nearly 0.7%, Amazon by nearly 0.2%; Netflix rose by 0.7%. NVIDIA rose by nearly 0.4%, marking a three-day streak of closing at historic highs; Arm rose by 9.6%.
Most popular Chinese concept stocks rose, outperforming the market. Li Auto rose by about 18.8%, XPeng by 6.8%, Nio by 4.6%.
Bitcoin surpassed $54,000 during trading, hitting a high not seen since December 2021. Stocks related to virtual currencies surged. Riot Blockchain and Coinbase rose by 16.9%, Marathon Digital by 22%. CleanSpark surged by over 23%, MicroStrategy by 16%, and Canaan Technology by 9%.
Space exploration startup Lunar Exploration (LUNR.O) saw its stock price drop by 35% due to a lunar lander overturning. Berkshire Hathaway initially rose by over 3% to hit a historic high, but closed down by over 2%.
<h3>Blue Chips and Hot Stocks</h3>
Xiaomi's car deliveries to start in the second quarter
EU investigates Apple's ban on PWAs (Progressive Web Applications), taking the first step in a formal investigation
This feature allows companies to create applications that can be accessed as web pages with just one button on the user's phone desktop. It cuts off developers' ways to avoid Apple's 30% &#34;Apple tax&#34; on purchases made through the App Store.
Disney Studios President Sean Bailey to step down
Walt Disney Company announced that Sean Bailey, who has been the studio president since 2010, will step down. David Greenbaum, president of Disney Studios' Searchlight Pictures, will succeed him.
Microsoft partners with French AI startup Mistral to diversify involvement in the AI industry beyond investing in OpenAI
In December last year, Mistral raised about €4 billion in funding, valuing the company at €20 billion. Mistral's model is open source, meaning that technical details will be publicly released.
Google warns: Microsoft's monopoly in cloud computing will harm the development of emerging technologies
Google claims that Microsoft is seeking a monopoly that will hinder the development of emerging technologies like generative AI. They are creating a closed garden that will be fully controlled and owned by Microsoft. To do anything, you will have to go through Microsoft. They urge antitrust regulators to take action.
Google DeepMind's CEO: Hopes to restart the development of AI image generation tools in the coming weeks.
Amazon Web Services plans to invest over $5 billion in Mexico.
The U.S. Federal Trade Commission (FTC) has filed a lawsuit in federal court to block the $24.6 billion acquisition of the second-largest supermarket chain, Albertsons, by the largest U.S. supermarket chain, Kroger. If the deal goes through, it will create one of the largest grocery retailers in the United States.
Stellantis (STLA.N) is in talks with the French car rental company Ayvens on a multi-billion euro deal involving 500,000 vehicles.
Micron Technology: The 24Gb 8H HBM3E memory will be part of NVIDIA's H200 tensor core GPU, which will begin shipping in the second quarter of 2024.
Kuaishou launches the Real Estate Clue Alliance: Tens of thousands of anchors have signed up, with Beijing as a key operating area.
Kuaishou's Ideal Home officially launches the Prosperity Plan, namely the Real Estate Clue Alliance, a new business model for &#34;real estate clue circulation&#34; for real estate content creators. No fees are charged.
BYD confirms discussions with the Italian government to build a factory: the need for a second European factory depends on sales.
In the fourth quarter, Ideal Auto's revenue more than doubled, profits increased more than 20 times, turning losses into profits for the full year of 2023, with cash reserves increasing to 103.67 billion yuan. Quarterly revenue was 41.73 billion yuan, compared to 17.65 billion yuan in the same period last year, with market expectations of 39.796 billion yuan. Adjusted net profit attributable to shareholders was 4.49 billion yuan, exceeding market expectations.
Ideal Auto Chairman Li Xiang: Aiming to deliver 800,000 vehicles this year.
Aiming to become the top luxury car brand in the Chinese market. It is expected to deliver over 50,000 vehicles in March and over 70,000 vehicles in June. In the next five years, Ideal Auto will not produce models priced below 200,000 yuan. By 2030, in the market above 200,000 yuan alone, Ideal can achieve global revenue close to that of the iPhone. This is a huge gold mine, no need to spread energy.
BeiGene: The company's product revenue in 2023 was 15.504 billion yuan, up 82.8% year-on-year; with a net loss of 6.716 billion yuan.
Bilibili's acquisition of a payment license causes a stir, Ningyi Payment's 65.5% equity stake is set to be auctioned again.
The two parties involved in the payment license transaction are still in communication. In addition, this auction is still in the pre-announcement stage, and the auctioneer has the right to withdraw the target before the official auction begins.
Dingdong Maicai responds to the closure of 38 sites in Guangzhou and Shenzhen: routine business integration and adjustment.
<h3>IPO Opportunities</h3>
Blocked from listing in the U.S., Shein is reportedly considering listing in London.
It is also considering listing in Singapore or Hong Kong. Although the company believes that the U.S. Securities and Exchange Commission is unlikely to approve its IPO application, Shein is still working to obtain U.S. listing approval, but is more inclined to list in the U.S. market.
<h3>Macro: Insights into the World</h3>
JPMorgan Chase: Expects the Federal Reserve to announce a slowdown in tapering in June.
UBS: AI-driven economic growth will lead to a &#34;roaring twenties&#34; revival.
AI may steer the economy onto a development path reminiscent of the &#34;roaring twenties,&#34; implying that long-term productivity growth and trend level growth could persist for several years.
Hungarian Parliament approves Sweden's accession to NATO.
TEPCO of Japan announces the start of the fourth round of nuclear contaminated water discharge on the 28th.
Continued inflow of southbound funds into Hong Kong stocks, with high AH premium sectors attracting attention.
Southbound funds have been net buyers of Hong Kong stocks for 8 consecutive trading days, with a total net inflow of HKD 42.982 billion this year. Currently, the AH premium index is at a 10-year high, becoming the main direction of net inflows for southbound funds.
The investment style of southbound funds has changed, with &#34;embracing central and local state-owned enterprises&#34; becoming the new main theme for southbound funds, with significant increases in holdings in sectors such as banks, telecommunications, and oil and gas. The revaluation of value brought by high dividends and market capitalization management is an important factor driving the inflow of southbound funds.
Hong Kong is expected to issue bonds worth HKD 70 billion in the new fiscal year, with a focus on silver bonds.
The new fiscal budget of Hong Kong will be announced tomorrow (28th). The budget will unveil the issuance of HKD 70 billion retail bonds for the fiscal year 2024-25, with the majority being silver bonds, as well as some green bonds and infrastructure bonds.
Chinese Minister of Commerce Wang Wentao meets with U.S. Trade Representative Dai Qi.
During the 13th Ministerial Conference of the World Trade Organization in Abu Dhabi, UAE, Wang Wentao met with U.S. Trade Representative Dai Qi. Wang Wentao also expressed China's serious concerns about U.S. tariffs on China, as well as trade and economic issues related to Taiwan.
U.S. Department of Transportation: Starting March 31, the number of round-trip flights between China and the U.S. operated by Chinese airlines will increase from 35 to 50.
Chinese Minister of Commerce Wang Wentao: Hopes Australia will pay attention to and actively promote the resolution of specific issues faced by Chinese companies in Australia, and actively support China's accession to the CPTPP.
The U.S. sanctions multiple Chinese entities over alleged Russian ties. Chinese Ministry of Commerce: China will take necessary measures to resolutely defend the legitimate rights and interests of Chinese companies.
Chinese Ministry of Commerce spokesperson responds to questions about the EU's 13th round of sanctions against Russian companies, stating that China firmly opposes this.

02015

OpenAI

标普道指跌落纪录高位，英伟达续创历史新高。微软已与法国 AI 初创公司 Mistral 达成协议，旨在超越 OpenAI。比亚迪证实与意大利政府讨论建厂。小米汽车最早二季度交付。亚马逊云服务计划在墨西哥投资超过 50 亿美元。在美上市受阻，Shein 据悉将考虑在伦敦、新加坡或香港上市。迪士尼影业总裁将离职。快手上线房产线索联盟。

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