Big Tech

19:26

                            Dongfeng Motor: Cooperation with Huawei may extend to commercial vehicles
                        
                            Dongfeng Motor's management stated at its 2025 interim results conference today that its collaboration with Huawei extends beyond products to encompass institutional collaboration. The two companies are also exploring the possibility of establishing a joint innovation laboratory for intelligent connected vehicles. Furthermore, Dongfeng is considering how to become a strategic national technological force, and the strategic cooperation between the two parties in the passenger vehicle sector may be extended to the commercial vehicle sector.
                        
18:39

                            Alibaba (BABA.N) ADR rose 3.8% and JD.com (JD.O) rose 2.2%.
                        
18:37

                            Pinduoduo (PDD.O)'s pre-market gains in the U.S. market expanded to more than 10%.
                        
18:36

                            Pinduoduo (PDD.O) ADR shares surged 9.5% after its second-quarter earnings report beat expectations.
                        
18:35

                            Pinduoduo (PDD.O)'s U.S. stock price rose sharply before the market opened, with the latest increase exceeding 7%. The company's second-quarter revenue exceeded expectations.
                        
18:35

                            Pinduoduo (PDD.O): Continued investment may affect short-term profitability.
                        
18:34

                            Pinduoduo's (PDD.O) second-quarter revenue from online marketing services and other segments was 55.07 billion yuan.
                        
18:34

                            Pinduoduo's US stock price rose sharply before the opening, and is now up more than 7%.
                        
                            Pinduoduo's US stock surged in pre-market trading, now up over 7%. The company's second-quarter revenue exceeded expectations.
                        
18:33

                            Pinduoduo Holdings' second-quarter revenue reached RMB 103.98 billion
                        
                            Pinduoduo Holdings' revenue in the second quarter was RMB 103.98 billion; adjusted earnings per ADS was RMB 22.07.
                        
18:33

                            Pinduoduo (PDD.O) reported adjusted earnings per ADS of 22.07 yuan in the second quarter.
                        
18:32

                            Pinduoduo (PDD.O) had revenue of 103.98 billion yuan in Q2 2025, compared with 97.059 billion yuan in the same period last year.
                        
17:56

                            Tencent announced that the Nintendo Switch in China will stop repairing the console and related accessories on December 31, 2026.
                        
                            On August 25, Tencent announced that the Chinese version of the Nintendo Switch will cease repair services for the Nintendo Switch console, Nintendo Switch (OLED version), and related accessories on December 31, 2026. Officials noted that the Chinese version of the Nintendo Switch announced on November 26, 2024, that it would gradually cease operating the Nintendo e-store and other online services from March 31, 2026, to May 15, 2026.
                        
17:54

                            Tencent announced that the Nintendo Switch will stop repairing consoles and related accessories on December 31, 2026.
                        
                            Tencent's official Nintendo Switch Weibo account announced that the Chinese version of the Nintendo Switch will cease repair services for the Nintendo Switch console, Nintendo Switch (OLED version), and related accessories on December 31, 2026. Officials noted that the Chinese version of the Nintendo Switch announced on November 26, 2024, that it would gradually discontinue the Nintendo eShop and other network-related operating services from March 31, 2026, to May 15, 2026. At the same time, officials stated that as a thank you for your continued use and support, a "Rewards Program" for all Chinese version Nintendo Switch users launched in November 2024 and is currently ongoing. This program will allow users to receive redemption codes for up to four free downloadable Nintendo games or utility software. The program will end on March 31, 2026, and eligible users are advised to claim their rewards as soon as possible.
                        
17:32

                            Southbound funds saw a net sell-off of 1.376 billion yuan today. Within the Shanghai-Hong Kong Stock Connect, Tracker Asset Management and Xiaomi Group-W saw net sales of HK$2.352 billion and HK$887 million, respectively. Tencent Holdings led the way with net purchases of HK$333 million. Within the Shenzhen-Hong Kong Stock Connect, Xiaomi Group-W and Meituan-W saw net sales of HK$637 million and HK$163 million, respectively. Alibaba-W led the way with net purchases of HK$623 million.
                        
17:10

                            The new Moutai 1935 is priced at 998 yuan, while the old version is now priced at 519 yuan.
                        
                            On August 25, a reporter from Investment Express noticed that Moutai's Maotai Maotai-flavor liquor (Maotai 1935) was available for pre-sale on its flagship stores on Taobao and JD.com. The 53% alcohol, 500ml bottle was priced at 998 yuan per bottle. The JD.com Maotai Maotai-flavor liquor flagship store indicated that 48 bottles had already been sold. According to industry insiders, the pre-sale period is three days, with the product officially launching on August 28. Public data indicates that Moutai 1935 officially launched in January 2022 and achieved sales of 28 billion yuan over the three years ending in 2024. However, prices have been declining since 2023. Currently, the price of Moutai 1935 on e-commerce platforms has fallen below 600 yuan per bottle. On JD.com, the price has dropped to 519 yuan per bottle, a 56.31% drop from the retail guide price of 1,188 yuan per bottle and a 71% drop from its historical high of 1,800 yuan per bottle.
                        
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