Pinduoduo's Q2 revenue was CNY 52.28 billion, exceeding market expectations of CNY 43.679 billion, with a YoY growth of 66%. Net profit reached CNY 13.1 billion, a YoY increase of 47%, surpassing market expectations of CNY 8.7 billion.

Earnings Report | Pinduoduo Soars 14% in Pre-market Trading! Second Quarter Performance Exceeds Market Expectations Across the Board

拼多多 2023 年 Q2 营收 522.8 亿元，市场预期 436.79 亿元，去年同期 314.4 亿元。

拼多多二季度业绩好到 “炸裂”！

拼多多美股盘前涨超 10%，公司二季度营收远超预期。

NIO is expected to deliver 55,000 to 57,000 vehicles in the third quarter, with market forecasts at 48,465 vehicles. NIO's second-quarter revenue was 8.77 billion yuan, slightly below market expectations of 9.254 billion yuan, and down from 10.29 billion yuan in the same period last year. Adjusted net loss was 5.446 billion yuan, representing a 140.2% increase compared to the same period last year.

Earnings Report | NIO's second-quarter losses widened by 140%, with an estimated delivery of 55,000-57,000 vehicles in the third quarter.

蔚来汽车 2023 年 Q2 汽车交付量为 23,520 辆。

蔚来美股盘前涨超 1%，三季度交付指引高于市场预期。蔚来汽车预计第三季度交付量为 55,000 至 57,000 辆，市场预测为 48,465 辆。

蔚来汽车预计第三季度交付量为 55,000 至 57,000 辆，市场预测为 48,465 辆。

香港证监会与廉政公署今天 (8 月 29 日) 采取联合行动，事件涉及两家在香港联合交易所有限公司上市的公司，其股份于 2022 年 12 月至 2023 年 8 月期间怀疑被操纵。

事关违规操纵股价！香港六家证券行客户账户被冻结

General Big Model -> Professional Small Model?

OpenAI's most powerful "Enterprise Edition" explodes onto the scene, will the B-side large model market be dominated by a single winner?

Xiaomi's Q2 revenue was 67.35 billion yuan, exceeding market expectations of 65.13 billion yuan, with a YoY decrease of 4% and a MoM growth of 13.2%. The adjusted net profit was 5.14 billion yuan, showing a YoY growth of 147% and a MoM growth of 59%.

Earnings Report | Xiaomi's second-quarter gross margin hits a record high, with adjusted net profit surging by 147%.

Huili said that with Nvidia's revenue and data center sales nearly doubling year-on-year, the company seems to have a "market monopoly" in the GPU field. In addition, the company's gaming business has resumed growth.

Analysis Report | Nvidia's rating and target price have been significantly raised! Can XPeng Inc. rise by 166%?

小米集团：智能手机分部收入由 2022 年第二季度的人民币 423 亿元减少 13.4% 至 2023 年第二季度的人民币 366 亿元，主要是由于智能手机出货量减少，部分被智能手机平均售价增加所抵销。

小米集团：2023 年 Q2 营收 673.5 亿元，市场预期 651.3 亿元，去年同期 701.7 亿元。

On Monday, the call options with a strike price of $500/$480 for NVIDIA were the most active. AMD, Amazon, and Alibaba accounted for over 60% of the call options, while the options trading volume for Fastly and CrowdStrike doubled.

US Stock Options | Tesla, Apple Call Options Active, Bulls Betting on NVIDIA Rising to $500

The task force will comprehensively examine the major internal and external factors affecting market liquidity, including the listing system, market structure, and trading mechanisms. The task force will also make specific recommendations on enhancing the competitiveness of the Hong Kong stock market, promoting its sustainable development, and how to promote the Hong Kong stock market to issuers and investors in key markets.

The Hong Kong Special Administrative Region Government: Establishment of the Task Force on Promoting Stock Market Liquidity

香港证券及期货事务监察委员会与廉政公署今天采取联合行动，事件涉及两家在香港联合交易所有限公司上市的公司，其股份于 2022 年 12 月至 2023 年 8 月期间怀疑被操纵证监会与廉署搜查了怀疑与该案件有关联的 14 个处所。廉署在联合行动中亦根据《防止贿赂条例》拘捕该怀疑市场操纵集团一名骨干成员。证监会已就上述的联合行动向六家证券行发出限制通知书，禁止它们处理或处置八个交易帐户内的资产。这些资产与上述其中一家上市公司股份的怀疑市场操纵行为有关。

香港证监会联同香港廉署采取行动打击怀疑市场操纵集团

金十数据 8 月 29 日讯，香港金融管理局与证券及期货事务监察委员会今日就场外衍生工具交易《结算规则》的建议修订，发表联合谘询总结。根据有关建议，在特定条件下，若干参照替代参考利率的掉期息率交易须进行结算。同时，监管机构将会删除现时要求若干参照银行同业拆息的掉期息率交易须进行结算的规定，因为那些拆息不再或即将不再予以发布或被视为具代表性。此举与全球利率基准改革一致，尤其是由银行同业拆息过渡至替代参考利率方面的安排。

香港监管机构就场外衍生工具《结算规则》的修订发表谘询总结

The establishment of a typical investment portfolio involves the following process: clarifying the strategy execution method; searching for a combination of investment opportunities; fully considering the various constraints that the portfolio needs to face (liquidity, potential cash withdrawals and leverage during the investment period).

10 Characteristics of Great Investors

Before the US stock market opened, Vietnamese electric vehicle company VinFast fell more than 6%, after a nearly 20% surge yesterday, with a market value surpassing $200 billion at one point. Trading of VinFast's individual stock options began on Monday, and the most active trading was seen in the $100 call options expiring on September 15th.

On the news front, the screenshot of the "Notice on Convening a Meeting to Launch the Personal Housing Loan Interest Rate Adjustment Project" circulating in the market is authentic. The meeting will be convened by one of the six major state-owned banks, Bank of Communications. The Retail Credit Department of the bank will be leading the meeting.

Hong Kong real estate stocks rallied in the final trading session, with several individual stocks surging more than 10%!

PDD will release its Q2 Earnings Report this Tuesday (August 29th). According to Bloomberg, analysts expect PDD's Q2 revenue to reach 43.28 billion yuan, a YoY growth of 37.7%. Although the growth rate has slightly declined, the adjusted net profit is projected to be 10.8 billion yuan, a YoY increase of 25% and a QoQ improvement.

Earnings Report Preview | PDD E-commerce Expected to Maintain Steady Growth, Short-term Impact on Profits Inevitable

From a historical perspective, Apple's stock price has consistently risen in the first few months after the release of a new iPhone. This trend may occur again following the release of the iPhone 15.

Apple significantly underperformed the Nasdaq in August, with hopes pinned on the iPhone 15 in September.

Founders and investors alike believe that generative AI will revolutionize the field of computing, which is enough to entice them to get a piece of the pie from NVIDIA.

Target NVIDIA! These eight startups are challenging the "GPU dominator"

Zhang Yidong believes that it will be difficult for the Hong Kong stock market to experience significant ups and downs in the coming months. It is expected to repeatedly bottom out in the range of 18,000-21,000 points, which has been the bottom area of the Hang Seng Index for the past few years. It is not ruled out that there may be a short-term decline below 18,000 or a rapid rebound in the form of short cover. However, it is currently unlikely for the Hong Kong stock market to see a sustained and systematic bull market.

Zhang Yidong shouted, "Hong Kong stocks hit bottom!" How to survive the bottom? Where are the opportunities? Trade with reverse thinking!

Technical analysts pointed out that the Nasdaq may rise to 14,000 points in the short term. The technical indicators are still "very complex, but currently slightly favorable to the bears."

Technical Analysis | Is it advisable to chase after the rebound in the US stock market?

Is the important reason for the failure of the monetary tightening policy the "abuse" of loose policies?

Nomura's Gu Chaoming: "Monetary Policy in Europe and the United States 'Fails,' QT Has No Effect, the Federal Reserve Will Continue to Raise Interest Rates"

请查收，2023 下半年的 AI 日历：Google Cloud Next、亚马逊云科技 re:Invent、Roblox 和 Unity 投资者日......

大摩：今年还有 13 个 “AI 时间点”，最近的就在今天

* 大和料比亚迪至今年底新能源车每月销售可达 30 万辆 可成股价催化剂

According to Bloomberg, Wall Street expects NIO's second-quarter sales to be $1.3 billion, with a loss of approximately 33 cents per share. It is projected that around 50,000 units will be delivered in the third quarter.

NIO's Earnings Report is imminent, and the second-quarter performance is expected to be bleak. Will they deliver 50,000 vehicles in the third quarter?

特斯拉 10000 块 H100 GPU 集群上线，加速 FSD V12 落地。拥有自家超算的和 H100 集群的特斯拉，正式入局算力军备竞赛！

3 亿刀，特斯拉 1 万个 H100 集群上线！超算 Dojo7 月已经开工，全力加速 L4 自动驾驶

Xiaopeng learned from Musk, and if it can be achieved as expected, it could become a high-growth stock. But is reality really that promising? For Xiaopeng, what matters more now is to recover the gross margin and boost sales. However, poor MONA sales will bring corresponding burdens to the sales impact.

Xiaopeng Motors partners with Didi: The beginning of a double-edged sword

Musk's highly anticipated FSD can now easily bypass obstacles, yield to pedestrians, make turns at intersections, and slow down! All driving decisions are unrelated to code programming! The new era of AI-driven autonomous driving has arrived?

No code, purely trained by video feeding! Tesla FSD 12 debut, "ChatGPT Moment" is here?

恒生科技指数涨幅扩大至 2%，恒指涨 1.5%。比亚迪股份涨超 4%，碧桂园涨 3.7%。

In addition to performing tasks such as writing emails, drafting documents, and debugging computer code like a regular ChatGPT, the Enterprise version also offers enterprise-level security and privacy, as well as advanced data analysis capabilities. The price may vary depending on the needs of each enterprise. This means that OpenAI will fully expand into the enterprise user market and directly compete with its biggest benefactor and partner, Microsoft.

"The most powerful version of ChatGPT to date"

新加坡股市 28 日报：扬子江船业被大规模买入

Is it not profitable to "grab money"? You should know that OpenAI spent over $540 million developing ChatGPT last year, with daily operating costs of around $700,000, yet revenue was only $30 million. At the current rate of burning money, OpenAI could potentially declare bankruptcy as early as 2024.

ChatGPT Enterprise Edition explodes online! Unlimited access, double speed, 32,000 tokens... OpenAI is starting to "make money"

36 氪获悉，8 月 29 日 8 点，东方甄选在淘宝开启直播首秀。截至 9 点，销售额突破 1000 万元，在线人数突破 210 万。

东方甄选淘宝开播 1 小时 GMV 突破 1000 万元

回港中概股盘初走强，微博涨超 5%，腾讯音乐涨近 4%，网易、哔哩哔哩等多股跟随走强，隔夜纳斯达克中国金龙指数收涨约 2%。

中国恒大复牌第二日开盘续跌 14.29%，昨日大幅收跌 78.79%。

恒指高开 0.72%，恒生科技指数涨 1.04%。微博涨超 5%，网易、京东健康、碧桂园涨超 2%。

After launching ChatGPT Enterprise for large-scale enterprises, OpenAI will also introduce ChatGPT Business for smaller businesses in the future. This means that OpenAI will fully expand into the enterprise user market and directly compete with its biggest funder and partner, Microsoft.

ChatGPT's most important product release to date! OpenAI "enters the B-side, fully committed to making money," directly competing with Microsoft.

TOKYO, Aug 29 (Reuters) - Toyota Motor Corp (7203.T) has suspended operations at a dozen factories in Japan due to a system failure, public broadcaster NHK reported on Tuesday.

Toyota halts operations at 12 Japan factories due to a system failure - NHK

3-year 5-fold market value growth, why can weight loss drugs be so popular in the market?

Who will be the next "Medicine King"?

招商证券指出，转债中低价部分 8 月跌幅仅有 1% 左右，表现十分扛跌；中高价部分虽然跌幅不小，但是其幅度仍然远低于主要股指，受部分个券正股业绩不及预期的影响、8 月下旬开始高价转债加速调整，到 8 月 25 日累计跌幅超 4%，中价跌幅仅 3%。

来自价格的提示：“扛跌” 的转债

冲破价格舒适区，迎接海外市场挑战，变身赚钱机器的比亚迪翻开新篇章

毛利率首度反超特斯拉，比亚迪要的是量利齐升 | 见智研究

US stocks rose across the board, with Chinese concept stocks performing strongly. Xpeng Motors saw a 5.6% increase. The Chinese and US commerce ministers held a meeting and established a working group. The trading volume in the Hong Kong stock market has significantly declined this year. ChatGPT has launched its enterprise version. Microsoft has introduced Bing Chat Enterprise Edition in Windows Copilot. Ant Group will disclose the progress of its large-scale model implementation. Alibaba has denied the acquisition rumors of a hydrogen and oxygen company. According to media reports, the iPhone 15 and Plus models may introduce a new green color, and Apple plans to release a major upgrade version of the iPad Pro next year. Google is considering selling its map data. Both Goldman Sachs and Standard Chartered are selling assets.

Breakfast | Hedge funds' holdings in seven technology stocks reach a record high, and the American AI Forum is about to convene.

花旗认为，美联储应当有在 2025 年之前继续实施量化紧缩的明确路径，只要美国经济能避免严重衰退，银行体系的储备在此之前就不会稀缺。花旗利率策略师 Jason Williams 在报告中写道，最近美联储主席鲍威尔 “强调政策利率和资产负债表是两个单独的工具，因此我们认为如果宏观环境允许，将会继续量化紧缩”。报告表示，“假设量化紧缩持续进行，我们认为只有到 2025 年才会出现储备稀缺风险，除非出现硬着陆情形。

花旗：如果美国能避免硬着陆 美联储量化紧缩可能会持续到 2025 年之前

Citigroup strategist Scott Chronert said that the first wave of artificial intelligence (AI) technology breakthroughs boosted the stock prices of companies like Nvidia that are at the center of this trend. And the second wave of this trend will uplift the entire market.

US stocks "Fully Bullish" is here? Citi: The second wave of "AI Technology Boom" will boost the entire market

消息源 Majin Bu 发布推文，暗示苹果下月发布的 iPhone 15 和 iPhone 15 Plus 颜色阵容会新增绿色选项，随后这条消息得到了另一位消息源 Unknownz21 的确认。Majin Bu 在推文中还分享了浅绿色版 iPhone 15 可能的外观，表示其颜色接近于 iPhone 12 系列。