On October 16th, Eastern Time (Wednesday), the three major U.S. stock indices collectively closed higher. The S&P 500 rose by 0.47% to 5842.47 points; the Dow Jones increased by 0.79% to 43077.70 points; and the NASDAQ rose by 0.28% to 18367.08 points.
On October 16th, the NASDAQ Golden Dragon China Index increased by 0.93%.
Among popular Chinese stocks, Baidu rose by 1.38%, Bilibili by 1.38%, JD.com by 0.95%, Alibaba by 0.33%, TSM by 0.19%, NIO fell by 1.87%, XPeng by 0.90%, Pinduoduo by 0.63%, and NetEase by 0.23%.
Companies that have been rising continuously include: Nature's Sunshine with a latest increase of 11.16% over 7 consecutive days, Smart Charge with 17.09% over 6 days, Voker Medical with 8.54% over 5 days, Hao Xi Health with 9.29% over 5 days, Flash Express with 13.22% over 4 days, Alliance with 3.14% over 4 days, Baijia Cloud with 0.75% over 4 days, Global Lights with 0.10% over 4 days, Qilian International with 0.54% over 4 days, Youku Link with 3.20% over 4 days, Bit Mining with 17.08% over 4 days, Ata Creativity with 1.00% over 4 days, Ming Teng with 0.87% over 4 days, Fucce Financial Technology Group with 7.08% over 4 days, and Nong Mi Liang Pin with 4.33% over 4 days.
Companies that have been falling continuously include: Easy Electric with a latest decrease of -0.91% over 9 consecutive days, Xiao I Robot with -1.63% over 7 days, Xingtu International with -4.18% over 6 days, BeiGene with -0.20% over 5 days, Vipshop with -0.92% over 5 days, Akso Health with -3.24% over 5 days, and TH International with -2.57% over 5 days.
Liang Jianzhang suggests encouraging childbirth! Trip.com proposes: Giving money for having children, 50,000 yuan per child! At the 2024 ESG Global Leaders Conference, Trip.com Group Chairman Liang Jianzhang announced that the company will reward 50,000 yuan for each child born to employees, with a total of 1 billion yuan prepared. Liang hopes this will attract government attention to encourage birth policies. He also suggests promoting remote work, claiming it can achieve a "win-win-win" for society, employees, and companies, with no negative impact on employee performance and possibly increasing birth willingness. Trip.com has already experimented with this, showing positive effects.
According to Hong Kong Stock Exchange documents, SoftBank's stake in Alibaba has decreased from 11.09% to 10.93%.
JD Logistics has started serving Taobao Tmall merchants. According to JD Logistics' official microblog, on October 16th, JD Logistics reached a cooperation agreement with Tao Tian Group to fully integrate into the Taobao Tmall platform, allowing platform merchants to choose JD Logistics as their service provider. Currently, the system integration between the two parties is almost complete, and many Taobao Tmall merchants have already chosen JD Logistics as their service provider. Consumers can also track JD Logistics within the Taobao and Tmall apps.
Fan Yuan International: Wins bid for Alibaba International Station East China Central Warehouse business. Fan Yuan International announced that its indirect wholly-owned subsidiary, Hangzhou Fan Yuan International Logistics Co., Ltd., recently received notification from Shenzhen Yida Tong Supply Chain Service Co., Ltd. that Hangzhou Fan Yuan successfully won the bid for Alibaba International Station East China Central Warehouse business. Based on the service content, Hangzhou Fan Yuan will rely on the Yiwu Central Warehouse to cover the entire East China region, providing warehouse operation services for Alibaba International Station merchants, including but not limited to receiving customer packages, security checks, packaging, document preparation, delivery checks, combined shipments, and storage services.
In September, the app with the largest increase in downloads in South Korea was Temu, ranking first with 868,000 new downloads; the American social platform "Instagram" ranked second with 760,000; and TikTok lite ranked third with 707,000.
JD spokesperson: Liu Qiangdong and Zhang Zetian have been maliciously defamed, and the police are investigating. A JD spokesperson released a statement saying that recently, false information about Ms. Zhang Zetian joining the "Illuminati" and malicious defamation of the private lives of Liu Qiangdong and Zhang Zetian has been widely spread online. Many organized fake accounts have been spreading these rumors, creating tens of thousands of rumor posts in a short time. Liu Qiangdong and Zhang Zetian have reported the case to the public security authorities, and the police have accepted the case and are currently investigating.
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