Market summary

Futu News, April 16 news, yesterday the Federal Reserve beige book said that U. S. economic activity shrank sharply, U. S. retail sales data hit the biggest decline in March, U. S. stocks closed down on Wednesday. The Dow Jones Industrial average closed down 445.41 points, or 1.86%, at 23504.35; the Nasdaq Composite Index fell 122.56 points, or 1.44%, at 8393.18; and the S & P 500 fell 62.70 points, or 2.20%, at 2783.36.

In terms of Chinese stocks, ups and downs vary, most of the stars listed in the United States rose, and the general e-commerce stocks rose.

As for stars, Alibaba rose 1.66%, JD.com 1.69%, Pinduoduo 2.00%, NetEase 2.33%, Baidu, Inc. down 0.05%, TAL Education Group down 0.48%, New Oriental Education & Technology Group down 2.67%, Tencent Music down 2.61%, NIO Inc. up 6.31%, Trip.com down 1.63%, iQIYI, Inc. up 2.22%, Vipshop up 6.46%, Bilibili up 2.26%. Autohome Inc rose 3.08%, Weibo Corp fell 0.96%.

Other Chinese stocks rose significantly: Dianniu Finance rose 41.28%, China Pharma Holdings 25.56%, China Natural Resources 19.87%, Fuling Global 18.75%, Recon Technology 17.37%, IT Tech Packaging Inc 16.92%, Gulf Resources Inc 15.54%, Tuan Che 14.29%, Guo Shuang 13.43%, Huize Holding Limited 8.95%, Financial one account 7.66%. Renren rose 6.36%, Lightinthebox Holding Co. Ltd 5.56%, and future finance rose 4.88%.

The biggest declines were: LIZHI INC down 18.25%, 9F Inc. down 13.98%, Hebron Technology down 13.04%, Ideanomics Inc down 11.16%, Puxin Ltd down 10.21%, Canaan Inc down 9.78%, Acorn International down 9.62%, Senmiao Technology Ltd down 9.32%, Luokung Technology Corp down 9.09%, Kaixinqic down 8.80%, Ruhan Holdings down 8.79%. Jianpu Technology Inc fell 8.66%, LAIX Inc. 8.60%, Qudian Inc 7.82%, Qutoutiao 7.54%, OneSmart International Education Group Ltd 7.13%, Xinerfu down 5.12%, Yunji Inc 4.97%.

Top Ten Trading list

Among Chinese stocks, BABA topped the list with a turnover of US $2.215 billion, followed by JD.com with a turnover of US $1.031 billion. In addition, a total of 11 stocks traded with a turnover of more than $100 million.

Hot news

NIO Inc. disclosed his shareholding: Li Bin's shareholding ratio is 13.8%.

As of December 31, 2019, Li Bin, chairman and CEO of NIO Inc. Motor, held 154689253 Class A common shares with joint voting rights and joint disposal rights, accounting for 13.8 per cent of the total share capital, according to SEC filings on April 14. Originalwish Limite holds 6.5 per cent of the shares, and NIO Users Limited and NIO Users Trust each own 4.5 per cent.

Jumei has completed privatization and will delist from the New York Stock Exchange.

Jumei, a fashion e-commerce platform, announced that the company had signed a merger agreement with its parent company SuperROI Global Holding Limited on Feb. 25 to privatize. The merger plan has been completed, and Jumei has become a wholly-owned subsidiary of the parent company and is no longer a listed company.

VIPKID sued who he learned from "instructing two employees to steal trade secrets by improper means".

According to reports, VIPKID filed an indictment with Beijing Haidian District Court on April 13, suing Beijing Baijia Internet Technology Co., Ltd., an operating company with whom to learn, and claiming 8 million yuan. The Haidian District Court of Beijing has accepted the case. VIPKID responded to Interface Education by confirming the prosecution for "instructing two employees to use improper means to steal trade secrets such as user lists". It is also the first case in the online education industry to be sued for "stealing trade secrets".

Learn from who to respond to the Citron short report again: the report is a partial summary, citing a large amount of unverified online information.

In response to the short selling report issued by Citron, the short seller once again replied, "the report is full of subjective malice and generalizations in an attempt to mislead investors and the public in order to achieve the purpose of shorting institutions to make profits." "learn from who said that its" Gaotu Techedu Inc. classroom "is the company's main source of revenue, but the report is not mentioned throughout. In addition, Citron cited a large amount of unverified online information, such as a comment from a Twitter blogger who said that 70% of the course reviews from whom he studied came from an account with the same name as the students of Confucius, an ancient Chinese philosopher and politician. and this is to learn from who to provide a flower name for use in anonymous comments.

Baidu, Inc. released "Cloud Mobile": Android App runs in the cloud, and there is no pressure to play high-end games with low-equipped hardware.

Baidu, Inc. released Baidu, Inc. 's "cloud mobile phone" product based on the independently developed ARM server on the 15th. This is not a real smartphone, but all the applications on the phone are transferred to the cloud, and the computing, storage and other capabilities originally provided by the mobile terminal are all provided by the cloud server. It is understood that Baidu, Inc. 's "cloud mobile phone" can cover four major scenarios, such as cloud games, cloud applications, cloud VR and cloud office.

Lenovo maintained the top spot in global PC shipments and market share in the first quarter.

Recently, well-known data research institutions Gartner, IDC and Canalys released a statistical report on global PC shipments in the first quarter of 2020. Lenovo is still the global champion in terms of shipments and market share, with more than 12 million units shipped. Data from all three research institutions show that Lenovo's PC market share increased this quarter compared with the same period last year, with Lenovo accounting for 24.4 per cent of the global PC market share, according to Gartner.

Taobao special edition accumulatively entered more than 1.17 million merchants, making it the largest platform for factories in the industrial belt.

BABA official WeChat said that yesterday, Taobao special edition announced the opening of foreign trade factories into the green channel, the same day attracted more than 2000 foreign trade factories to sign up. According to the data, more than 1.17 million industrial belt merchants have settled in at present. In the face of the impact of the epidemic, small and medium-sized enterprises have transformed themselves online, and Taobao special edition has become an important position for businesses in the industrial belt to attack. Among the 1.17 million merchants who have settled in the special edition of Taobao, foreign trade merchants account for more than 30%.

China Unicom and Baidu, Inc. release automobile intelligent rearview mirror products

On April 15, China Unicom and Baidu, Inc. launched the intelligent rearview mirror product "degree mirror", which was sold for the first time in the Unicom channel. The product uses Baidu, Inc. CarLife+ Smart + connected solution, integrates Baidu, Inc. map car version, small assistant, driving recorder, in-car entertainment resources, etc., which can meet the needs of users in driving, safety, entertainment and other on-board scenes.

BeiGene, Ltd. PD-1 was approved for UC indication, and the first-line non-scale NSCLC phase 3 clinic reached the main end point.

BeiGene, Ltd. announced that the company's PD-1 antibody Baizean (tirelizumab) has been approved by the State Drug Administration (NMPA) for the treatment of locally advanced or metastatic urothelial cell carcinoma (UC) patients with failed platinum-containing chemotherapy. This is the second indication approved after Hodgkin's Lymphoma (cHL). At the same time, the company announced that PD-1 combined with chemotherapy for first-line non-squamous non-small cell lung cancer (NSCLC) phase 3 clinical mid-term analysis reached the main end point.

Advance notice of today's event

Taiwan Semiconductor Manufacturing Co Ltd will release the first quarter financial results, and the revenue has exceeded previous expectations.

According to reports, Taiwan Semiconductor Manufacturing Co Ltd will release his results for the first quarter of this year today and hold a performance presentation meeting in the afternoon. Taiwan Semiconductor Manufacturing Co Ltd has now disclosed monthly revenue for the three months of the first quarter, reaching $10.34 billion, exceeding their previous estimate of $10.2 billion to $10.3 billion.

Alipay may release significant progress in block chain today.

Alipay official WeChat posted a mysterious poster asking "what is the experience of building blocks with Alipay". The main body of the poster is a pile of exquisite building blocks with the words block chain, and predicted that the mysterious information will be revealed on April 16.

Institutional viewpoint

Haitong strategy:The overseas trust crisis may catalyze the return of high-quality Chinese stocks.

Haitong strategic analysts said that in the new round of overseas trust crisis, the valuation of high-quality Chinese stocks may be under pressure, and the risk of short selling of Chinese stocks will become greater; domestic policies will also continue to improve and guide Chinese stocks to return to their homeland, and the future return of Chinese stocks will also need the help of financial supply-side reform to promote the ecological virtuous circle of the domestic capital market.

Prudential Financial: the recession is severe and recovery still takes time.

Quincy Krosby, chief market strategist at Prudential Financial, commented that the question for the market is how quickly the economy can recover. Peter Cardillo, chief market economist at Spartan Capital Securities, commented on the economic data that the recession was very severe because a series of reactions had just begun and consumers were not spending. This means for the market that we may have reached the top in the short term.

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