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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
On the morning of the 15th, Alibaba Qianwen held the "Ask and You Shall Receive" product launch conference at 10 a.m., marking the official transition of AI large models from a single "Q&A tool" to a new era of "action execution." Backed by Alibaba Cloud's absolute advantage with a 35.8% share of the Chinese AI cloud market, this strategic upgrade not only signifies the beginning of the intelligent agent era but also represents Alibaba Cloud's key move to seize 80% of the AI cloud incremental market by 2026
CATL has signed a $17.2 billion agreement with Ronbay to supply 3.05 million tons of LFP cathode material from 2026 to 2031. This order is the largest in the lithium and battery industries. Additionally, CATL plans to invest in Fulin Precision Machining, acquiring over 5% of its shares to support high-end LFP material production. This move comes amid a significant rise in lithium prices in China, with battery-grade lithium carbonate prices increasing by 73% since December.
As of noon, the main indices of the Hong Kong stock market rose collectively, with the Hang Seng Index up 0.86% and the Hang Seng TECH Index up 2.08%. Sectors such as retail, internet content and information, and restaurants showed broad strength, with leading companies like Meituan, Alibaba, and Kuaishou leading the gains. Market funds clearly favored the technology and consumer sectors. Fluctuations in macroeconomic data and the exchange rate of the Renminbi have become the focus of attention, and future trends will need to observe capital flows and policy changes
Lei Jun's first live broadcast of the New Year actively disassembled the second model YU7, responding to the criticism that "the first car used solid materials out of fear of being disassembled." He urged influencers to "speak fairly and not find fault for the sake of traffic," and disclosed that the YU7 has been the sales champion of mid-to-large SUVs for four consecutive months
