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SF Holding and J&T EXPRESS-W have reached a strategic mutual shareholding agreement, with an investment amount of 8.3 billion yuan, making SF Holding the second-largest shareholder of J&T. J&T will issue 822 million Class B shares to SF Holding, while SF Holding will issue approximately 226 million H shares to J&T. This cooperation aims to combine the resources of both parties to build an efficient global integrated logistics network and seize opportunities in e-commerce logistics development
Trip.com Group has been investigated by the State Administration for Market Regulation of China for suspected monopolistic behavior, with its stock price plummeting nearly 27% within two days. If found guilty, it could face fines of up to 4.9 billion yuan. The investigation involves violations such as "choose one from two" and automatic price adjustments. Trip.com stated that it will actively cooperate with the investigation and that its business operations are running normally. The company has been summoned multiple times last year for imposing unreasonable restrictions on transactions by operators within the platform
Under antitrust investigation
The three major indices of the Hong Kong stock market rose collectively at noon, with the Hang Seng Index up 0.91% and the Hang Seng TECH Index up 1.54%. The internet content and information sector led the gains, while the retail and catering sectors showed divergence. Leading stocks like Alibaba and Kuaishou surged, Haidilao performed strongly, while Meituan showed weaker performance. Capital focus is centered around technology, healthcare, and semiconductors, with macro-level capital flows and data changes affecting market sentiment. Trading volume is concentrated at high levels in leading internet stocks and the healthcare sector, highlighting the active short-term trading in the market
Deutsche Bank predicts that this year marks the inaugural year for the scaling of Robotaxi and the deployment of humanoid robots. Humanoid robots are leveraging the automotive supply chain to accelerate cost reduction, with companies like Mobileye targeting a cost goal of $10,000; autonomous driving is moving from testing to scaling, with a surge in Waymo orders, and NVIDIA launching the Alpamayo platform to assist automakers with "plug-and-play." Physical AI is transitioning from the laboratory to mass production
