一路狂飙、超越腾讯！抖音电商 2023Q4 季度 GMV 同比增长超 50% 达 6500 亿左右，2023 年整体 GMV 有望冲击 2.2 万亿？！

解读公司 | 字节为什么显然被低估了？

中国国家药监局批准了美国渤健/日本卫材共同研发的阿尔茨海默病新药仑卡奈单抗 (lecanemab-irmb) 在中国的上市。这是继美国和日本之后，中国成为第三个批准该药上市的国家，显示了中国新药审批进程的加快。阿尔茨海默病是一种逐渐加重的脑部疾病，对记忆、语言和思维能力造成损害。该药的上市对于中国的药物研发和诊断产业链有着重要意义。

港股概念追踪 | 重磅！阿尔茨海默病新药在华获批 药物研发、诊断产业链值得关注 (附概念股)

S&P and Dow ended with two consecutive gains, while Chinese concept stocks fell for the fourth consecutive time. Apple's Vision Pro will be released on February 2nd. Microsoft's collaboration with OpenAI may face an investigation by the European Union. Tesla's market share in the US surpasses Volkswagen for the first time, making Tesla the best-selling car globally. Amazon launches new video streaming feature "Matter Casting," and its subsidiary Twitch will lay off 35% of its workforce. Xiaomi Auto has no intention of collaborating with third-party car companies to launch a similar "Smart Selection" car. Short-selling institutions claim that EVERGRANDE has never been profitable.

Breakfast | SEC social media account hacked, causing massive cryptocurrency liquidation, Bank of America customers flee US stocks with over $2 billion.

美国证券交易委员会（SEC）表示将与执法部门合作调查黑客攻击。“未知方” 访问了 SEC 的 X 账户，未经授权的访问已终止。

Bank of America has released its list of potential market surprises for 2024, highlighting ten unexpected events. These include the impact of geopolitical risks on tech giants, a recovery in the IPO market, and Japan emerging as a developed market. Strategists believe that attracting investors back to stocks is one of the primary factors that may prevent a surge in bankruptcies. They also caution traders against "ditching" inflation hedges in favor of credit. Investors will demand a premium for longer-dated U.S. Treasuries. The forecast also includes advancements in Alzheimer's disease treatment driving a rebound in biotech and pharmaceutical stocks, as well as an increase in demand for reliable power. A more favorable business environment is expected to drive more capital allocation into the stock market.

Beware of "Black Swans"! Bank of America lists the "Top Ten Unexpected Events" to watch for in 2024.

币圈大乌龙！美国证监会 (SEC) 表示尚未批准比特币交易所交易基金 (ETF)，之前发布的推文是虚假的。该推文短暂推动了比特币价格的上涨。SEC 主席表示，SEC 的账户被入侵，并发布了未经授权的推文。SEC 必须在 1 月 10 日之前对至少一项比特币 ETF 申请做出决定，业内人士猜测该监管机构将在该日期公布决定。

币圈大乌龙！美国 SEC X 账户被盗，并发布比特币 ETF 获批虚假推文

SPDR S&P 500 and Dow Jones stopped at two consecutive gains, Nasdaq closed slightly higher, barely achieving three consecutive gains; Tesla fell more than 2%, leading the decline in blue-chip technology stocks; chip stocks fell more than 1% in intraday trading and then slightly rebounded, with Nvidia rising 1.7%, having previously fallen more than 1% during the session. Chinese concept stocks fell more than 1%, marking four consecutive declines, with Dada Nexus falling more than 6% and JD.com falling more than 2%. The yield on 10-year US Treasury bonds rose above 4.0%, but fell during the session, continuing to move away from a three-week high. The US dollar index rebounded; offshore renminbi fell more than 200 points, breaking below 7.18, hitting a near four-week low. Bitcoin surged to $47,900 during the session, hitting a 21-month high, but quickly plunged more than $2,000. Crude oil rebounded, with US oil rising more than 3% at one point; US natural gas surged 7%, marking the largest increase in nearly seven months and reaching a two-month high for the sixth consecutive gain. London copper fell for the eighth consecutive session, while gold hit a near four-week low. Updating in progress.

Samsung Electronics issues profit warning, chip stocks under pressure, S&P falls, NVIDIA hits new all-time high, Bitcoin surges and then plunges after ETF drama

美国证交会在社交平台 X 已删除此前称比特币 ETF 获批上市的推文。

比特币短线跳水近 2500 美元，美股 Coinbase 盘后跌超 3%。

比特币短线回落 1500 美元，现报 46877 美元/枚。

SEC 澄清，其官方 X 账号被黑客攻击，发了一个未授权的帖子，其实并未批准比特币现货 ETF。传出 ETF 获批的消息后，比特币价格短线上冲 4.79 万美元，后立即跳水，跌破 4.6 万美元。

黑客 “假传圣旨” 宣布现货 ETF 获批，比特币拉升后跳水超 2000 美元

比特币短线拉升逾 1000 美元，现报 47450 美元/枚，此前 SEC 批准了比特币 ETF 上市。

美国证交会：今天，美国证券交易委员会批准比特币 ETF 在所有注册的国家证券交易所上市。

Android users can display short videos from the TikTok app on TVs equipped with Alphabet-C Chromecast. Another new feature of Alphabet-C allows users to start podcasts on their Android phones and then stream them to their Pixel tablets at home. Alphabet-C has also launched a quick pairing feature to speed up the connection of Bluetooth accessories such as headphones to Google TV devices. Alphabet-C has also announced a collaboration with Samsung Electronics to introduce a new quick document sharing feature.

Google CES officially announced its partnership with ByteDance, allowing Android phones to play short videos on computers in the future.

The investigation into last week's incident of the cabin door falling off the Boeing 737 Max 9 is still ongoing, and several airlines have discovered other loose parts. The NTSB stated that the investigation may expand to include all models of the 737 Max, causing Boeing's stock price to briefly drop 2.3% in early trading on Tuesday.

Multiple airlines have discovered more loose Boeing aircraft parts. Regulatory authorities say that the investigation may expand to more aircraft models.

Alibaba International Station announced that the new feature "Instant Help" of the Intelligent Procurement Assistant will make its debut at this year's CES. It uses AI chatbots to answer users' basic queries and provide real-time insights and resources, unaffected by time zones or languages. Since the launch of the Intelligent Procurement Assistant in September last year, buyers who use the image search function of the assistant have achieved a 28% higher conversion rate compared to buyers who only use text search.

Consumer Electronics Spring Festival CES adds fuel to the fire with AI: Alibaba's upgraded version of intelligent procurement assistant debuts

2024 年初，做空者获得丰厚回报，华丽七雄股票帮助卖空者获利 36 亿美元。美国股市开局表现黯淡，受超级大盘股拖累。苹果和特斯拉是最赚钱的股票，占总利润的 65%。苹果和特斯拉的空头占自由流通股的比例分别为 0.7% 和 3%。在今年开局不利的情况下，苹果上周跌幅近 6%，特斯拉下跌了 4.4%。

实时市场-2024 年伊始，卖空者获得 "丰厚 "回报

索尼本田在 CES 展台上展示了首款电动车 AFEELA EV 原型车，CEO 水野康秀用 PS5 手柄遥控开车，展示了汽车与游戏的结合。然而，发布会未提及价格、电池和配置等细节，也未重申 2026 年上市的计划。展示方式被认为只是舞台展示，实用性有限。相比之下，国内智界 S7 和极氪 007 等自动驾驶车型已经上市。

用 PS5 手柄开车，撑不起索尼的造车梦

比特币回落至 46000 美元/枚下方，日内跌 2.35%。

Analysis suggests that if the investigation continues until the end, antitrust authorities may conclude that Microsoft's $13 billion investment has resulted in a lasting change of control, or meets certain merger review criteria, which could potentially lead to the two companies being split up or making other structural or behavioral changes.

"Investment" or "Acquisition"? Microsoft and OpenAI caught the attention of the European Union's antitrust agency.

比特币现货 ETF 获批进入倒计时，市场持乐观态度。若 SEC 批准，比特币或将迎来数十亿美元的资金流入。投机者可能会在利好消息时出货获利了结，导致比特币价格回调。比特币目前小幅下跌至 46515 美元，今年已涨约 10%。SEC 此前一直担心投资者保护和市场操纵问题，但灰度的胜诉令市场猜测 SEC 可能会妥协。投资需谨慎。

现货 ETF 获批进入倒计时，比特币价格盘整回调

Popular Chinese concept stocks generally fell sharply before the market opened, with JD.com falling more than 3%, Alibaba, Pinduoduo, Xiaopeng, Li Auto, Bilibili, and Baidu falling more than 1%. Dada Nexus, which fell 45% last night, rose 12% before the market opened. In terms of individual stocks, GRIFOLS SA fell 52% at one point, and Juniper Networks rose 27% at one point.

Pre-market US stocks | JD leads the decline in Chinese concept stocks, Dada Nexus surges! ByteDance sells to TENCENT?

According to the prospectus of Migu Bingcheng, as the leading domestic and second-largest global made-to-order beverage company, as of September 30, 2023, Migu Bingcheng's franchised store network has exceeded 36,000 stores, covering 11 countries in China and overseas. In the first nine months of 2023, Migu Bingcheng's store network achieved a total cup volume of approximately 5.8 billion cups. The economic benefits have also steadily improved, with the company's operating income increasing by 31.2% YoY from RMB 10.351 billion in 2021 to RMB 13.576 billion in 2022, and achieving revenue of RMB 15.393 billion from January to September 2023.

Understanding the IPO Prospectus of Moxi Ice City with One Picture

Dada Nexus' stock price has dropped by 98.8% from its highest price of $61, making it one of the Chinese concept stocks with the largest decline. On the other hand, Luckin Coffee has seen a nearly 40-fold increase in the pink sheet market.

Dada Nexus plunges 45%, could it be the next 40-fold Luckin Coffee?

Meituan's stock has fallen more than 9% in the past two days, and the amount of short selling transactions has exceeded HKD 400 million for two consecutive trading days, which is four times the data from last week! The number of shorted shares has also skyrocketed!

MEITUAN's short-selling data surges!

基立福美股盘前跌超 45%，此前 Gotham city 发布沽空报告。

Bank of America predicts that NVIDIA will have stronger growth opportunities in the future, given the potential for strong long-term demand in the gaming downturn and data centers! Morgan Stanley is optimistic about the "Edge AI" opportunity for Apple and expects it to bring benefits this year. Citigroup downgraded Dada Nexus to "sell," citing uncertain business prospects.

Rating Quick Look | NVIDIA, TENCENT "Preferred"! "Buy"! BABA-SWR target price lowered

蔚来 2024 年开年内部信总结了蔚来在 2023 年的表现，并指出了面临的挑战。尽管蔚来在产品创新、合作伙伴关系等方面取得了一些进展，但在销量方面未能达到预期目标。蔚来董事长李斌表示，未来两年是汽车行业变革的关键时期，竞争将更加激烈，公司需要做好应对准备。

蔚来 2024 年开年内部信：用好投资者的每一分钱

According to the data from Zhitong App, as of the close on January 9th, a total of 29 stocks hit a 52-week high, with SUNDY SERVICE, SKL, and OCEAN ONE HLDG ranking in the top 3 in terms of the rate of increase. In addition, there were 147 stocks that hit a 52-week low, with Jiangshan Holdings, AL GROUP, and KEDI-B ranking in the top three in terms of the rate of decrease.

Zhitong Hong Kong Stock 52-Week High and Low Statistics | January 9th

蜜雪冰城冲击 IPO 风险大，美团和高瓴资本坐不住了。蜜雪冰城是新茶饮赛道的巨无霸，但近年来营收和净利润增长遇到瓶颈，门店数据也出现关店情况。资本市场对茶饮品牌看衰，奈雪的茶股价大幅下跌。蜜雪冰城的融资进程备受关注，之前已完成一轮融资。现在转战港股上市，面临上市后股价波动和破发的风险。

蜜雪冰城冲击 IPO 风险大 美团、高瓴坐不住了

字节跳动游戏业务出售的进展引起了广泛关注。众多大型游戏公司表达了兴趣，但实质接洽的仅有少数巨头级公司，包括腾讯、网易和几家海外科技公司。虽然市面上有 A 股上市公司自称即将接收字节跳动游戏业务，但没有任何一家 A 股公司与字节跳动正式接洽。字节跳动的游戏业务标价几十亿美元，且考虑了战略意义。整个流程将加强腾讯和字节跳动的关系。潜在买家数量多，但真正进入谈判环节的不多。

字节跳动游戏业务究竟会出售给谁？

研究预计，更广泛的降息之年已经到来，美联储引领发达国家央行转向，日本央行是 G7 唯一逆行者。其他经济体纷纷跟随，其中俄罗斯央行料大幅降息 4%，阿根廷央行则有望暴降 3000 基点。

2024 年度核心主题：全球央行集体转向降息

AI 眼中的黄河路是什么样的？答案：没有一个看起来像是黄河路。不过，不少模型对于上海都有正确的表达，特别是 Midjouerney 刚刚更新的 V6 版本。

八款应用对比，看 AI 眼中的上海 “繁花” 世界

Over the past year, Dada Nexus has just turned its losses into profits, and this incident undoubtedly raises doubts about the authenticity of Dada Nexus' profitability. JD can strengthen its internal audit of Dada Nexus, promptly identify and correct any existing issues, and ensure the accuracy of financial reports. "In the future, JD can use its position as a major shareholder and its actual control to drive Dada Nexus to strengthen its internal management."

Is there a "mole" in JD Dada?

Why is Nvidia still hot when the telecom giant rose 6% overnight? The trading volume of Verizon options surged to 1.54 million contracts, with a call option ratio of 97.7%! The trading volume of AT&T options surged to 1.13 million contracts, with a call option ratio of 97.9%. The call options with a January 19 expiration date and a strike price of $16 traded 470,000 contracts!

US Stock Options | Verizon, AT&T's trading volume skyrocketed! Even crazier than Nvidia and Tesla!

苹果公布了一项与 Vision Pro 相关的关键专利，引起了海外媒体的关注。根据专利文件，Vision Pro 的外屏具有多功能性，不仅可以展示使用者的眼睛，还可以装扮双眼。这表明苹果试图提供更有趣、更生动的眼睛体验。

读完苹果 42 页的专利，我找到了 Vision Pro 的杀手锏

美团到店总裁张川表示，互联网进入存量用户竞争的阶段，新手进军生活服务都是从到店开始。他认为，关键在于能否建设「天天低价」的新飞轮，实现到店的双飞轮。他还指出，公司需要调整和完善，形成新的产品、供给、组织和营销能力。管理层要了解商家的变化，找到核心商家，才能实现天天低价的供给体系。

美团到店总裁张川：今年到店之战关键在「天天低价」

周焯华跨境赌博犯罪集团先后招揽了 283 名中国籍的股东代理组织中国公民参与赌博或跨境网络赌博，2015 年到 2019 年境内赌客的投注量高达 3000 余亿元，在境内赢取赌资的数额超过 87 亿元。

澳门赌厅大鳄洗米华案细节披露！

I believe that Amazon will surpass its previous high this year. Compared to its historical levels, Amazon is currently not expensive, its performance has exceeded expectations, and the general expectation is also rising. This is the secret of a bull market.

Understanding the Market | Why is Amazon's stock price expected to reach a new all-time high?

中国电商巨头 Shein 年收入超过 300 亿美元，击败老牌零售商，成为全球最大的时装零售商。据报道，Shein 在 2022 年实现了 230 亿美元的销售额，并设定了 2023 年销售额增长 40% 的目标。尽管 Shein 是一家私营公司，但随着其近年来的迅猛增长和美国国会议员对其商业行为的关注，可能会不得不公开其财务数据。Authentic Brands Group 的创始人兼首席执行官透露，Shein 的年收入远远超过 300 亿美元。

消息称中国电商巨头 Shein 年收入 “远超过” 300 亿美元 击败老牌零售商

大华继显发布研究报告，将港交所评级下调至 “持有”，目标价降至 300 港元。预计港交所净利润将下滑，但净利息收入可弥补影响。然而，日均成交量复苏和净利息收入见顶令人失望，对 2024 年盈利带来不确定性。投行对该股评级以买入为主，近 90 天目标均价为 408.78 港元。中金公司给予跑赢行业评级，目标价 360 港元。香港交易所报收于 247.8 港元，下跌 3.13%。

大华继显：下调港交所评级至 “持有” 目标价降至 300 港元

亚洲股市上涨，科技股领涨，半导体类股受英伟达推出桌面级 AI 芯片提振。中国香港和内地股市走高，沪深 300 指数有望结束连续 5 天的下跌。大宗商品市场受整体风险偏好回暖提振，伦敦工业金属几乎全线走高。美债收益率下跌，纽约联储调查显示美国消费者通胀预期降至三年低点，亚特兰大联储行长预计第三季度将首次降息。G-10 货币兑美元普涨，日元表现最佳。比特币在隔夜大涨后小幅回落。亚洲股市表现积极，大宗商品市场回暖。

亚市午盘：亚洲股市上涨 芯片股走强

Supports PC, with higher performance! Compared to the "less quantity, same price" RTX 4090D, the newly released RTX 40 Super series by NVIDIA seems to offer better value for money.

Understanding the Market | Up 6% last night! Where is the strength of NVIDIA's three new chip releases?

1 月 9 日，抖音宣布将 “抖币” 更名为 “钻石”，相关功能和权益保持不变。

抖音将 “抖币” 更名为 “钻石”

The statement from the Federal Reserve over the weekend is crucial! Dallas Fed President Logan's implication of slowing down QT has stimulated a collective rebound in the stock market.

Understanding the Market | Why did tech stocks skyrocket last night?

现货比特币 ETF 获批将近，发行公司开启价格战以争夺市场份额。多家资产管理公司向美国证券交易委员会提交了现货比特币 ETF 收费计划，预计平均费用比例将大幅下降。市场预计 SEC 将批准现货比特币 ETF，这将成为该行业的一个分水岭。

现货比特币 ETF 获批将近 发行公司开启价格战以争夺市场份额

Due to the duopoly nature of the industry (Boeing and Airbus), we believe this will not affect any orders for the 737 MAX aircraft models.

Bank of America: Due to its "monopoly position," Boeing's impact from the "cabin door incident" is limited.

國泰航空機師工會指出，疫情期間管理層大量裁員和終止國泰港龍航空是導致航班取消問題的根源，令機師人數減少一半，削弱了香港的航空樞紐地位。在疫情期間，共有 2000 名機師被解僱或辭職，相當於原本 4000 名機師的半數。工會呼籲國泰改善機師待遇以挽留人才，重聘被裁機師。國泰航空目前只恢復了航班運力的七成，其餘三成運力需至少一年才能恢復。

國泰續取消航班 機師工會：疫下裁員是禍根

Apple announced that its spatial computing device "Vision Pro" will be listed in the United States on February 2nd, with a starting price of 25,000 RMB and a storage space of 256GB. This device is called a revolutionary spatial computing device, providing the most natural and intuitive input method through the user's eyes, hands, and voice, unlocking a powerful spatial experience. It is predicted that Vision Pro may face shortages within one year after its listing, and the production volume may increase to 12.6 million units in five years, with a potential user base of 20 million. Apple CEO Tim Cook said, "Apple Vision Pro is the most advanced consumer electronic device ever."

Hong Kong Stock Concept Tracking | Priced at HKD 25,000! Apple Vision Pro will be listed on February 2nd. The era of spatial computing has arrived (with concept stocks attached).

金十数据 1 月 9 日讯，SensorTower 商店情报平台发布 2023 年 12 月中国手游产品在海外市场收入及下载量排行榜。出海手游收入方面，《PUBGMobile》在印度、美国等市场收入快速攀升，2023 年 12 月海外收入环比增长 27%，跃居收入榜冠军和增长榜亚军。截至 2023 年 12 月，该游戏在海外的总收入逼近 45 亿美元。