[Abstract] The three major US stock indexes collectively closed higher on Tuesday. By the close, Facebook was down 0.17%; Apple was up 0.17%; Amazon was up 1.73%; Netflix was 4.94%; and Google's parent company Alphabet was up 0.45%. The biggest declines in China include Xunlei (down 10.81%), NIO Auto (down 9.65%), Park Sun Education (down 8.08%), and Pinduoduo (down 7.06%).

Tencent Technology News benefited from the rise in energy stocks and technology stocks, and the three major US stock indexes collectively closed higher on Tuesday. Among them, the Dow rose 184.84 points to 26246.96 points, or 0.71%; the S&P 500 rose 0.54% to 2904.31 points; and the Nasdaq Composite Index rose 0.76% to 7956.11 points.

Chinese concept stocks rose by half. Among them, Worry-Free English rose 6.41%, Yihi Car Rental rose 6.23%, and Ninth City rose 6.00%; Xunlei fell 10.71%, NIO Auto fell 9.65%, and Park Xin Education fell 8.08%. Most US tech stocks rose, with Yelp up 7.97%, Fitbit up 6.42%, Netflix 4.94%; Sonos down 7.04%, Tesla down 3.35%, and VMware 2.30%.

The five major tech giants called “FAANG” went up and down four times. By the close, Facebook was down 0.17%; Apple was up 0.17%; Amazon was up 1.73%; Netflix was 4.94%; and Google's parent company Alphabet was up 0.45%.

[Chinese concept stocks]

Chinese concept stocks rose and fell by half. Among them, stocks with the biggest gains include: Worry-Free English (up 6.41%), Yihi Car Rental (up 6.23%), Momo (up 4.87%), Xinerfu (up 4.85%), Bilibili (up 4.01%), Century Connect (up 3.74%), Baishi Group (up 2.69%), SMIC (up 2.63%), Rex Education (up 2.40%), Qudian (2.28%), and Vipshop (2.00%)), Sogou (up 1.89%), Worry-free Future (up 1.45%).

On the other hand, stocks with large declines include: Xunlei (down 10.81%), NIO Auto (down 9.65%), Park Sun Education (down 8.08%), Pinduoduo (down 7.06%), Dianniu Finance (down 6.21%), Opera (down 6.11%), Green Hotel (down 5.69%), 111 Group (down 4.81%), Ren Ren (down 2.60%), financial industry (down 2.33%), Sohu (down 2.15%), Lanting (down 1.94%) Art (down 1.90% ), Huazhu (down 1.81%), Cangu (down 1.78%), New Oriental (down 1.72%), Quheadline (down 1.59%), and Zhengbao Distance Education (down 1.50%).

Wu Wei explains Ali investment: the strategic investment value has exceeded 80 billion US dollars

On September 18, at Alibaba's 2018 Global Investors Conference, Wu Wei, chief financial officer of Alibaba Group (NYSE: BABA), explained the investment value of Alibaba in detail to more than 500 professional investors attending. She pointed out that Alibaba's strong growth will support Alibaba's long-term value. Wu Wei pointed out that the profit before tax, interest, depreciation and amortization (EBITA) of Alibaba's e-commerce business in the last fiscal year, including Taobao and Tmall, reached 18 billion US dollars. According to comparable valuation levels of other companies in the market, this part of the business alone can support Alibaba's current market value. She also said that investing in a new business “takes time for financial returns, but this kind of investment is very necessary.” In fact, strategic investment is already an important support for Alibaba's valuation. Alibaba's strategic investment value in companies such as Ant Financial, Gaoxin Retail, and Weibo has exceeded 80 billion US dollars. Alibaba Group shares fell 1.41% to close at $156.65 on Tuesday.

JD Financial responds to name change: digital business expansion has surpassed the financial category

On the evening of September 17, JD (NASDAQ: JD) Financial Weibo changed its name to JD Mathematics. Afterwards, JD Finance sent an official response to Tencent's “Frontline” saying that JD Finance is planning to change the group's brand name, and that in the future, JD Math will present it to the outside world as the group's overall brand. Regarding the reason for the name change, JD Finance said that in addition to the digital finance business, the group has also launched a number of businesses. The expansion of digital business boundaries has long gone beyond the original scope of JD Finance. JD Finance also said that despite the name change, the digital finance business will continue to be an important sector for the entire group in the future. JD's stock rose slightly by 0.08% on Tuesday to close at $25.75.

Foreign media say Pinduoduo's explosive growth has begun to slow, and the stock price has fallen by more than 7%

According to foreign media reports, the previous explosive growth of Pinduoduo (NASDAQ: PDD) paved the way for the company's initial public offering in the US in July this year. However, data from Beijing startup analysis company SuperSymmetry Technologies shows that the growth in transaction volume on the Pinduoduo app has slowed in the past 4 months, which may cause Pinduoduo's total product transactions to fall short of market expectations this year. Total commodity transactions are different from revenue. It is an indicator that has received close attention. It shows the growth rate of e-commerce websites compared to competitors. This is also an important indicator that Wall Street is currently focusing on Pinduoduo. This uncertainty has led to large fluctuations in Pinduoduo's stock price. After the stock price fluctuated around the issue price of 19 US dollars for several weeks after listing, Pinduoduo's stock price once soared to 30.48 US dollars last week. The company's stock price plummeted 7.06% on Tuesday and fell again to $22.64.

Ali CEO Zhang Yong: Tmall users will become hungry users in the future

On September 18, Alibaba Group CEO Zhang Yong said at Alibaba's 2018 Global Investors Conference that in Alibaba's strategic layout, Tmall is the flagship of new retail. “Tmall has long been not only an online marketplace serving brands and consumers, but also a driving force for global brands and retailers to win in the digitalization process.” Zhang Yong said. He emphasized that the advent of the digital age will change the entire retail industry, and this trend is critical for brands, retailers, and manufacturers. “There will be no difference between online and offline in the future, but there will be differences between digital commerce and non-digital commerce.” Zhang Yong also pointed out that in Alibaba's picture, core e-commerce, digital entertainment, and local life are not solo businesses. They rely on the Alibaba ecosystem to connect and form a strong synergy. The 88VIP membership system launched in August is an important step to bridge the core physical consumption and service consumption in the Alibaba ecosystem. Zhang Yong said, “Future mobile payment users, Taobao, and Tmall users are all likely to be hungry users.”

[US Technology Stocks]

Most of the US technology stocks rose. Among them, the biggest gainers include Yelp (up 7.97%), Fitbit (up 6.42%), Netflix (up 4.94%), Symantec (up 4.29%), Micron (up 4.02%), Roku (up 3.33%), Broadcom (up 2.85%), iRobot (up 2.81%), Qualcomm (up 2.02%), Zynga (up 1.77%), Amazon (up 1.73%), HP (up 1.66%), Western Digital (up 1.66%), Western Digital (up 1.66%) 1.61%), Intel (up 1.50%).

On the other hand, stocks that fell the most include Sonos (down 7.04%), Tesla (down 3.35%), VMware (down 2.30%), and AMD (down 1.54%).

The CEO of Tesla was investigated by the US Department of Justice, and the stock price fell 3.35%

According to foreign media reports, Tesla (NASDAQ: TSLA) said on Tuesday that the US Department of Justice has launched an investigation into the company's CEO Elon Musk (Elon Musk)'s public statement in August this year to privatize Tesla. Tesla said the Ministry of Justice asked the company to provide documentation on Musk's announcement, calling it an “voluntary request.” The company said it is cooperating with the Department of Justice's investigation and the matter “should be resolved soon.” In addition to the SEC's civil investigations and shareholder lawsuits, Justice Department investigations can lead to criminal charges. Tesla did not disclose whether the Department of Justice's investigation was a criminal investigation or a civil investigation. For Tesla and Musk, the past few months have seemed chaotic. While Tesla is working to increase production of the Volkswagen Model 3, Musk said on Twitter on August 7 that he is considering privatizing the company at a price of 420 US dollars per share and that “funding is guaranteed.” Since Musk announced privatization, Tesla's stock price has fallen by more than 25%, and the market value has evaporated by more than 18 billion US dollars. Since then, the authenticity of Musk's privatizing Tesla tweet has been examined by the Securities and Exchange Commission. Citing investor boycotts, he announced in his blog that Tesla will continue to be listed. Tesla's stock price reversed the market and fell 3.35% on Monday to close at $284.96.

Apple pays back all 14.3 billion euros in taxes to the Irish government

According to foreign media reports, Irish Finance Minister Paschal Donohoe (Paschal Donohoe) confirmed on Tuesday that Apple (NASDAQ: APPL) has deposited all of the 14.3 billion euros of tax into an escrow account set up by the Irish government, which means that Apple has returned all tax due to the Irish government in accordance with EU regulations. It should be pointed out that of the 14.3 billion euros in taxes paid by Apple, 1.2 billion euros of interest are also included. In June 2014, the European Union launched an investigation into Apple's tax issues in Ireland. In August 2016, the European Commission ruled that Apple had illegally evaded 13.1 billion euros in taxes in Ireland, and Apple must return this portion of the tax to the Irish government. Donoghue announced in May of this year that Apple had deposited the first 1.5 billion euro supplementary tax payment into an escrow account. Apple has already paid back all remaining taxes, plus 1.2 billion euros in interest. Apple shares rose 0.17% to close at $218.24 on Tuesday.

Netflix won 23 Emmy Awards, and its stock price soared in response

According to foreign media reports, the stock prices of both companies rose sharply on Tuesday, driven by streaming service providers Netflix (NASDAQ: NFLX) and Amazon (NASDAQ: AMZN) winning the grand prize at the 70th Emmy Awards. Netflix won a total of 23 Primetime Emmy Awards, setting a record. HBO, the representative of traditional TV companies, also received 23 awards. Although Netflix is on par with HBO in terms of total number of awards, Netflix won nothing in the three most prestigious award categories, “Best Drama Series,” “Best Comedy Series,” and “Best Limited Series.” HBO won the Best Drama Series Award for “Game of Thrones,” and this is also the third time in four years that the series has received this award. Amazon also made a profit at this award ceremony and received an important comedy award. Netflix shares surged 4.94% to close at $367.65 on Tuesday; Amazon shares rose 1.73% to close at $1941.05.

J.P. Morgan Chase cuts FB target share price, says increased spending affects earnings per share

According to foreign media reports, the investment bank J.P. Morgan Chase lowered the target share price of Facebook (NASDAQ: FB) from 205 US dollars to 195 US dollars in a research report on Tuesday. Due to increased spending, the bank also lowered Facebook's earnings per share forecast for next year. “Facebook's capital investment in 2019 will exceed market expectations, and we expect the company to still show huge investment expenditure data in the third quarter of this year,” J.P. Morgan analyst Doug Anmuth (Doug Anmuth) said in the research report. Facebook shares fell 0.17% to close at $160.30 on Tuesday. (Arrangement/Ming Xuan)