TechWire

ByteDance founder focuses on cutting-edge AI business, frequently traveling between Beijing and Singapore

Baidu said to launch Apollo Go robotaxi service in Southeast Asia as early as this year

Unitree Robotics completes series C financing round, with pre-money valuation exceeding $1.39 Billion

2025.07.04

08:22

                            TF Securities: Optimistic about the overall valuation reassessment of Hong Kong-listed Chinese stocks under the aggressive + evolutionary
                        
                            Tianfeng Securities Research Report stated that it is optimistic about the overall valuation revaluation of Chinese concept stocks in Hong Kong stocks under the trend of progress and evolution. 1. Tianfeng Securities believes that the valuation of Chinese concept Internet companies is relatively attractive globally, and the valuation advantages of the Hang Seng Index and the Hang Seng Technology Index are significant. 2. Tianfeng Securities believes that unlike previous Internet companies that paid more attention to the level of shareholder returns, Chinese concept Internet companies will return to progress and evolution in 2025. 3. Tianfeng Securities believes that the layout of AI business will not only boost the overall valuation level of Chinese concept Internet companies, but also help Internet companies increase efficiency. Recommended to watch: Tencent Holdings, Alibaba, Xiaomi, JD.com, Kuaishou, Pinduoduo, Meituan, Bilibili.
                        
08:11

                            JinkoSolar's relevant person in charge: Promote quality upgrades through cutting-edge technological innovation and create conditions for the orderly withdrawal of obsolete production capacity
                        
                            On July 3, the Ministry of Industry and Information Technology held a symposium for manufacturing enterprises in the photovoltaic industry. A relevant person in charge of JinkoSolar told a reporter from the Securities Times that recently, the central government has clearly pointed out the importance and urgency of solving "involutionary" competition. This high-level meeting of the Ministry of Industry and Information Technology fully reflects the attention and determination of the competent ministries and commissions to govern the disorderly competition in the photovoltaic industry and promote high-quality development. JinkoSolar believes that to reshape the industry order, it is necessary to strictly control new production capacity, control existing output, and guide prices to return to rationality. At the same time, it is necessary to promote quality upgrades through cutting-edge technological innovation and create conditions for the orderly withdrawal of backward production capacity. In addition, it is recommended to explore a series of measures to regulate exports to promote orderly competition in overseas markets, while accelerating the development of light-storage integration to ensure high-level consumption.
                        
07:42

                            Typhoon Muen, the third typhoon this year, will become stronger and will have no impact on my country in the future
                        
                            The center of this year's third typhoon "Muen" (tropical storm level) was located at 5 o'clock this morning (July 4) on the northwest Pacific Ocean, about 860 kilometers southeast of Tokyo, Japan, at 29.4 degrees north latitude and 145.1 degrees east longitude. The maximum wind force near the center was level 9 (23 meters per second), the lowest central pressure was 990 hPa, and the radius of the level 7 wind circle was 180~220 kilometers. It is expected that "Muen" will move toward the north-east at a speed of about 10 kilometers per hour, and its intensity will increase. "Muen" will have no impact on my country in the future.
                        
07:42

                            CICC: Non-farm resilience does not support the Fed's early rate cut
                        
                            According to a CICC research report, the United States added 147,000 non-farm jobs in June, exceeding the market expectation of 110,000, and the unemployment rate fell from 4.2% to 4.1%, showing that the labor market is still resilient. Although the uncertainty of tariffs has reduced labor demand, the supply of labor has also slowed down with the strengthening of the deportation policy, which has curbed the rise in the unemployment rate. In addition, there may be a skill mismatch in the labor market: on the one hand, government layoffs and the rapid development of artificial intelligence have led to a "white-collar surplus"; on the other hand, the tightening of immigration policies has led to a continuous shortage of low-skilled jobs. Under this structural mismatch, the unemployment rate may not necessarily rise significantly in the future. We believe that the June non-farm data does not support the Fed's early interest rate cut. We maintain our previous judgment that the next interest rate cut may have to wait until the fourth quarter, that is, after the price increase caused by tariffs has passed.
                        
07:33

                            Some consumers questioned Xiaomi YU7's "secret configuration change" and customer service said it was "a text error in the configuration table"
                        
                            Since the sale started on June 26, Xiaomi YU7 orders have been booming, and various disturbances have followed. Recently, some car buyers reported that Xiaomi YU7 was suspected of having its configuration secretly modified. When placing an order, both the standard and Pro versions of Xiaomi YU7 showed that the exterior rearview mirrors had an automatic anti-glare function, but after locking the order, it was found that only the Max version had this function. In response, Xiaomi Auto's official customer service responded that "there was a text error in the configuration table." At the same time, the delivery cycle of Xiaomi YU7 has been continuously lengthened. On July 3, the Xiaomi Auto App estimated that the shortest delivery cycle of Xiaomi YU7 would be 39 weeks, which means that it would take more than 9 months to pick up the car after placing an order now. Many friendly companies have made moves to "intercept" Xiaomi YU7 orders. Some consumers said bluntly: "I don't want to wait anymore, it's been too long. Next year, I will also have to consider the issue of vehicle purchase tax, and I plan to transfer the order."
                        
07:05

                            Data shows that new car registrations in the UK in June increased by 12.8% year-on-year to 187,655 units. Tesla's new car sales in the UK in June increased by 12.42% year-on-year to 7,891 units.
                        
06:47

                            Industry trends and performance resonate with institutions’ layout of AI industry chain
                        
                            The market's enthusiasm for the technology growth sector continues to rise. From the perspective of funds, since June, tens of billions of yuan of funds have continued to flow into technology sub-sector theme ETFs, and some ETF shares have reached historical highs. From the survey situation, the research enthusiasm for the technology sector is high, and institutions are stepping up their research to find investment opportunities, and performance has become a core concern. In the eyes of institutions, the industry trend of the technology growth sector is positive, especially the AI-related industry chain. With the semi-annual report about to be disclosed, the related targets with eye-catching performance are worth looking forward to in the future.
                        
03:31

                            Trump's "Big, Beautiful" has $1.1 trillion in health cuts and 11.8 million losing care
                        
03:27

                            Trump’s Big, Beautiful bill passes the House
                        
03:00

                            According to the Wall Street Journal: Meta Platforms (META.O) has proposed acquiring a minority stake in NFDG, a fund under the venture capital firm founded by new artificial intelligence employees, sources said.
                        
02:59

                            Meta proposes to acquire stake in Venture Funds
                        
                            Meta reportedly proposed acquiring a stake in Venture Funds, a venture capital fund founded by Nat Friedman and Daniel Gross.
                        
01:40

                            Apple reportedly considered launching a cloud service for developers
                        
                            Apple is said to have considered launching cloud services for developers.
                        
01:38

                            According to The Information: Apple (AAPL.O) has considered launching cloud services for developers.
                        
01:18

                            Nasdaq China Golden Dragon Index closed up 0.40%
                        
                            Popular Chinese stocks rose and fell, with the Nasdaq China Golden Dragon Index closing up 0.40%. Xpeng Motors rose more than 2%, iQiyi rose more than 1%, and Alibaba and JD.com fell more than 1%.
                        
01:17

                            U.S. stocks closed early on Thursday, with the Nasdaq up 1%
                        
                            U.S. stocks closed early on Thursday, with the Dow Jones Industrial Average up 0.77%, the S&P 500 up 0.83%, and the Nasdaq up 1.02%. Technology stocks generally rose, with Nvidia up 1.3%, and its market value once hit a record high during the session.
                        
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