Alibaba starts the year with a major move of 13.1 billion; Snow King "Sweet Honey" makes another push for the Hong Kong Stock Exchange | Important news recap for today

0102 Dolphin's Key Focus:

🐬 Macroeconomics/Industry

1. The Caixin China Manufacturing Purchasing Managers' Index (PMI) for December 2024 recorded 50.5, down 1.0 percentage points from November, maintaining an expansion trend for three consecutive months, but the pace of expansion has slowed.

2. At the beginning of the new year, several car companies released their full-year automobile sales data for 2024. Benefiting from policies such as trade-ins and subsidies for new energy vehicles, many car companies are expected to achieve record high sales in 2024. BYD leads the market with an annual sales volume of 4.2721 million units, a year-on-year increase of 41.26%; Li Auto delivered 58,513 vehicles in December 2024, setting a new historical high.

🐬 Individual Stocks

1. Mixue Ice City

"National chain tea drink first stock" Mixue Ice City updated its prospectus a year after launching its Hong Kong listing in January last year, continuing to push for its IPO. In 2024, Mixue Ice City continues to maintain impressive growth in operating income and net profit, and is currently expanding its operational areas to the global market on a large scale. As of September 30, 2024, Mixue Ice City is the world's largest fresh tea beverage company by store count.

2. $ Alibaba(BABA.US)

On the evening of January 1, Alibaba announced that its subsidiary and New Retail reached a deal with Dihong Capital to sell all of its equity in Sun Art Retail for up to approximately HKD 13.138 billion, accounting for 78.7% of Sun Art Retail's issued shares. This is another move by Alibaba to focus on its core business, helping to realize capital recovery and enhance shareholder returns. Sun Art Retail's stock plummeted 35% in early trading today, with the decline narrowing later.

3. $ Apple(AAPL.US)

After New Year's Day, Apple's official website in China launched the "Chizha Welfare" New Year promotion, which will run from January 4 to 7, quickly trending on social media. During the event, customers can purchase designated products using eligible payment methods, with a limit of 2 items per product category per customer, saving up to RMB 800. There are also trade-in discounts for purchasing new iPhones. During the 2024 Double Eleven shopping festival, the newly released iPhone 16 series saw price reductions just one month after launch, and now, only three months post-release, another price reduction promotion strategy has been introduced, which is quite rare for Apple's new product sales.

🐬 Leading Sectors

Shanghai and Shenzhen: Food retailers, retailers, catering services;

Hong Kong stocks: Silver, computer and electronic product retailers, human resources and employment services;

U.S. stocks: Textiles, tires and rubber, oil and gas exploration and production.

🐬 Tomorrow's Focus

1. U.S. ISM Manufacturing PMI.

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