---
title: "\"Imposing a 60% tariff\" stirs up waves again, Alibaba announces the establishment of an e-commerce business group | Today's important news review"
description: "1122 Dolphin's Key Focus: 🐬 Macro/Industry 1. At 10 a.m. today, the State Council Information Office held a regular press briefing on State Council policies, introducing relevant policy measures to p"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/25698988.md"
published_at: "2024-11-22T08:37:35.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# "Imposing a 60% tariff" stirs up waves again, Alibaba announces the establishment of an e-commerce business group | Today's important news review

## 1122 **Dolphin's Key Focus:**

### **🐬 Macro/Industry**

**1.** At 10 a.m. today, the State Council Information Office held a regular press conference to introduce policies and measures to promote stable growth in foreign trade. During the conference, both the Ministry of Commerce and the General Administration of Customs clarified specific measures to support the development of cross-border e-commerce. A topic of high concern is the 60% tariff imposed on China after Trump took office, with the Chinese side strongly responding that "the costs will be borne by consumers and end users in the importing country," raising concerns about an escalation of the trade war.

**2.** The Hang Seng Index Company will announce the results of the review of the Hang Seng Index series for the third quarter of 2024 today (November 22). Changes to the constituent stocks of the Hang Seng Index series will take effect on December 9 (Monday). Continuously monitor whether companies like Pop Mart and Kuaishou will be newly included.

### **🐬 Individual Stocks**

**1\. Apple**

There are reports that Apple is developing a more conversational Siri digital assistant, aiming to surpass OpenAI's ChatGPT and other voice services. Apple concept stocks collectively rose in early trading today.

**2\. Alibaba**

Yesterday evening, Alibaba's CEO sent an email to all employees announcing the establishment of an e-commerce business group, with Jiang Fan serving as CEO. The new e-commerce business group will fully integrate Taobao Tmall Group, International Digital Business Group, as well as e-commerce businesses like 1688 and Xianyu, forming a business cluster covering the entire domestic and international industrial chain. In Dolphin's [latest quarterly earnings report](https://longportapp.cn/zh-CN/topics/25510873) interpretation, it can be seen that Alibaba's recent quarterly performance has not been good, experiencing painful moments, and the current business integration highlights the importance of the e-commerce fundamentals being elevated once again.

**3\. Dolphin's Key Tracking of Earnings Report Interpretations and Conference Calls**

Pinduoduo: [Pinduoduo: Thunder and Artificial Thunder, Has It Really Become "Pinduoduo"?](https://longportapp.cn/zh-CN/topics/25681618), [Pinduoduo: Management Issues Another "Self-Criticism"](https://longportapp.cn/zh-CN/topics/25683826)

### **🐬 Leading Sectors**

**Shanghai and Shenzhen:** Automotive retailers, commodity printing, data processing, and outsourcing services;

**Hong Kong Stocks:** Insurance brokerage companies, forest products, textiles;

**U.S. Stocks:** Cloud and data centers, agricultural machinery, coal, and consumable fuels.

### **🐬 Attention Next Monday**

**1.** None.

Risk disclosure and statement of this article: [Dolphin Investment Research Disclaimer and General Disclosure](https://support.longbridge.global/topics/misc/dolphin-disclaimer)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.