Meituan: Making necessary investments to maintain leadership position, but will not participate in price warsThe price of storage chips has increased, with the 512GB storage rising nearly 500 yuan compared to last monthThe European Union has launched a review, and Apple's advertising and mapping services may face strict regulation under the Digital Markets ActThe 1.4nm battle begins!Reasons for the New Highs in Pharmaceutical StocksOn November 28th, Xiaomi Corporation-W spent HKD 288 million to repurchase 7 million sharesAmazon is entering the Indian banking sector by launching a new type of consumer loan serviceJP Morgan's Insight: The narrative of automotive company valuations has changed, with overseas expansion and AI potentially becoming new valuation anchorsHong Kong Stock Review: Earnings AnnouncedLow technology valuations + the continuous implementation of "anti-involution," foreign investment banks remain bullish on the Chinese stock market!Russia-Ukraine agreement severely impacts oil market? Barclays: Substantial impact is questionable, Brent crude is still expected to be $66 next yearOn November 28th, Tencent spent HKD 636 million to repurchase 1.039 million sharesThe cost of the price war is devastating! Meituan has reported a loss for the first time in three years, with a core local business loss of 14.1 billion yuan in Q3, and the loss trend is expected to continue in Q4 | Financial Report InsightsMeituan released its Q3 2025 financial report: quarterly revenue of 95.5 billion yuan, with annual transaction users exceeding 800 millionMeituan-W released its third-quarter results, with revenue of approximately 95.5 billion yuan, a year-on-year increase of about 2%. Flash sales and global expansion are highlightedMeituan's Q3 core local business lost 14.1 billion yuan, compared to a profit of 14.6 billion yuan in the same period last yearMeituan's revenue in the third quarter was 95.5 billion yuan, estimated at 97.47 billion yuanTrump drops a "zero income tax" bombshell! Aims to fill a $2.4 trillion gap with tariffsMeta shifts to Google TPU, disrupting the AI landscape; OpenAI in talks for a massive $38 billion loan to strengthen its ecosystemAlibaba's Ambition That Cannot Be ContainedAs non-farm payrolls continue to languish, Trump unleashes "nuclear-level" immigration restrictions! Attempting to seal off the labor influx from the Third WorldWedbush: NVIDIA is still the "Godfather of AI," and Google's TPU is also hard to shakeOracle and others lend another $38 billion, the "OpenAI Chain" data center circle has accumulated liabilities of $100 billion!Fidelity International: Technology-driven and policy support from most markets are expected to benefit risk assets in 2026Silver futures hit a new high, while China's inventory is at a near ten-year lowJensen Huang emphasizes that NVIDIA GPUs are hard to replace and is not afraid of market competitionData center "cooling issues," CME "downtime," various futures trading suspended, netizens jokingly say "Is someone under too much pressure with silver hitting new highs?"The lineup is full, Labubu's first Thanksgiving parade! POP MART joins the ranks of top global IPsHong Kong Stock Market Mid-Review: Hang Seng Index down 0.24%, Hang Seng TECH Index up 0.11%MediaTek's stock price rose over 20% this week, expected to achieve its best weekly performance since 2002, as it collaborates with Google to reshape growth prospectsJiangyin International: Maintains Li Auto-W "Neutral" Rating with a Target Price of HKD 80.84Understanding the Market | Gold stocks rise collectively, Everest Gold up nearly 6%, expectations for a Federal Reserve rate cut in December heat upAlibaba is fighting a hard battle that will determine its fateStorage Chips "In the Game Within the Game"Counterpoint Research: It is expected that global smartphone shipments will grow by 3.3% year-on-year in 2025, driven by Apple's strong performanceA big year for silver, platinum, and palladium, who will be stronger next year? Goldman Sachs: More optimistic about the most certain goldThe first open-source model to win a gold medal in the Math Olympiad! DeepSeek's new model has received high praise from netizens: public technical documents, amazing!When liquidity is so abundant, the US stock market will have adjustments, but there will not be a bear marketGoldman Sachs trader: As we enter December, the U.S. stock market has a "clearer starting point"Hong Kong Stock Concept Tracking | Codelco Raises Annual Premium, Institutions Optimistic About Copper Mining Companies' Upward Cycle (Including Concept Stocks)Breakfast | US stock market closed, oil prices "flash crash" during trading, gold falls from nearly two-week highU.S. stock markets closed for Thanksgiving, UK stocks and currencies under pressure, the dollar weakened as interest rate cut expectations rose, and cryptocurrencies reboundedReminder: Please pay close attention to the following (all in Beijing time)Google restarts AI glasses: Foxconn as the manufacturer, Samsung as the designer, expected to launch in Q4 2026The China Securities Association has launched a survey on economic forecasts by chief economists for the fourth quarter, focusing on the "14th Five-Year Plan" capital market reforms"Double Eleven" smartphone sales grew only 3% year-on-year, with Apple's iPhone 17 holding up the overall situationGuohai Securities: Maintains Alibaba-W "Buy" rating with a target price of HKD 193How can Gemini turn the tide? Google's Chief AI Architect: Start by acknowledging the lag and find your own rhythm