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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
The Hang Seng Index opened 27 points lower this morning, reporting at 26,972 points. Trip.com fell 15% again due to suspected monopolistic behavior, reporting at HKD 484.2. Baidu is considering a dual listing to attract more mainland investors, rising 0.9% at the opening. U.S. stocks retreated, and gold and silver prices rose due to geopolitical influences. NVIDIA's stock price fell 1.4%, while AMD rose 1.2%
Tesla announced that it will stop selling the FSD system after February 14 and fully transition to a monthly subscription model. This move eliminates the high upfront cost of $8,000 and instead attracts users with a low monthly fee of $99. In the context of sluggish sales, Tesla is accelerating its shift towards a revenue model centered on FSD and robotics technology
Tesla CEO Elon Musk announced that starting February 14, the company's full self-driving (FSD) software will only be available through a monthly subscription model. Currently, customers can either pay a one-time fee of $8,000 or subscribe for $99 per month. The FSD system requires driver supervision and has been under investigation by the U.S. National Highway Traffic Safety Administration due to safety concerns. Tesla has also introduced the term "Supervised" for its FSD in passenger vehicles, while using an unsupervised version for vehicle movement in factories.
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
