Today's Important News Review | Dolphin Research

0619 Dolphin's Key Focus:

🐬 Macro/Industry

1. The annual 618 shopping festival has basically come to an end. Taobao released its battle report, with 365 brands achieving over 100 million yuan in transactions on Tmall 618, and over 36,000 brands doubling their transactions. 88VIP's new member count increased by 65% year-on-year, reaching a historical high in membership size. JD.com's transaction volume and order quantity hit new highs during 618. The most eye-catching performance came from Xiaomi, with a total sales volume exceeding 26.3 billion yuan across all channels, setting a new record for Xiaomi's past 618 promotions. However, compared to previous years, this year's 618 was noticeably quieter. Despite strong pre-promotion efforts by platforms, it was still difficult to resist the decline in consumer enthusiasm and the accelerated deterioration of the e-commerce industry ecosystem. Sales data for top anchors saw a significant decline, while e-commerce platforms faced high return rates and frequent news of "refund only" policies, indicating the increasingly challenging market environment for standing out.

2. Tonight (Wednesday, June 19th), the U.S. stock market will be closed for the June holiday.

🐬 Individual Stocks

1. $Bilibili(BILI.US)

Surged by nearly 20% today, with a market value increase of around 7 billion Hong Kong dollars, reaching a new high in nearly 10 months. The boost mainly came from breakthroughs in the gaming business. On June 13th, Bilibili exclusively released its first SLG mobile game "Three Kingdoms: Strategy Conquest" for public beta testing. Since the pre-download started on June 11th, it has consistently ranked in the top two on the iOS game download chart. As of June 17th, the game generated an estimated total revenue of 83.83 million yuan on the iOS platform within 5 days of its launch. With the upcoming release of the new game "Flame Sky" in the second half of the year, game revenue is expected to accelerate.

🐬 Top Performing Sectors

Shanghai & Shenzhen: Oil and gas exploration and production, footwear, gold;

Hong Kong: Food retailers, system software, investment services and holding companies;

U.S.: Drug retailers, heavy electrical equipment, and seaport operators.

🐬 Focus Tomorrow

1. China's RMB share in global payments, China's one-year loan market quoted interest rate;

2. U.S. current account.

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