Xiaomi (Minutes): Rising storage costs have a greater impact on manufacturers with lower ASP.Pinduoduo's Embarrassment: Rapid 'Aging,' Yet No RepurchaseXiaomi: With subsidies withdrawn, can the automotive sector truly uphold its reputation?Huazhu (Minutes): Experiential consumption shows significant growthHuazhu: Deep Squat and Jump! Huazhu Remains the Industry LeaderGlobal Markets Hit by 'Cold Wave'; Google AI Advances in Travel Services Track | Today's Important News RecapLeapmotor (3Q25 Minutes): 2026 sales target of 1 million units, net profit target of 5 billion.Leapmotor: The 'leading' momentum encounters obstacles, how to break through the blood path?Ctrip (Minutes): Marketing expenses will continue to rise in the peak season of 4QCtrip: Awaiting the Release of Overseas ProfitsXPeng (3Q25 Minutes): Launching seven 'dual-energy' models by 2026Luckin (Minutes): Same-store growth in the fourth quarter and 2026 will face certain pressure.Luckin Coffee: Profit 'Squat' is Just for a Better 'Jump'Xpeng: The “Eastern Tesla” narrative unfolds – does selling cars even matter anymore?Alibaba Qianwen App Goes Viral on Launch Day;Google Gemini 3.0 May Arrive This Week | Today's Important News RecapDisney (Minutes): Committed to double-digit percentage growth in earnings next yearDisney: Short-term Pressure but Guidance Unchanged, Can Iger Turn the Tide Before Leaving?Bilibili (Minutes): Content payment is an important growth engine for the futureBilibili: Is the Little Broken Station Going to Develop Again?Applied Materials AMAT (Minutes): Stable in the first half of next year, growth concentrated in the second half.Storage is 'red-hot', can Applied Materials (AMAT) still 'benefit'?SMIC (Minutes): Storage price increase, terminal manufacturers are becoming more conservative in their plans for next year.