Pre-market US stocks | JD leads the decline in Chinese concept stocks, Dada Nexus surges! ByteDance sells to TENCENT?

Top News in US Stock Market

1. NIO Chairman and CEO, Li Bin, released the first internal letter for 2024, stating the intention to make the best use of every penny from investors.

Li Bin summarized that 2023 was a "challenging and unforgettable year" for NIO. In 2024, Li Bin hopes that NIO can be more focused and prioritize key matters. He outlined three "high-priority matters" for NIO in 2024: ensuring long-term investment in core key technologies, maintaining a leading edge in technology and product delivery; ensuring sales and service capabilities can withstand intense market competition and quickly convert sales capabilities into actual sales; ensuring the progress of research and development for 9 core products across 3 brands.

1. Boeing issued a statement regarding the inspection of the 737-9, stating: "While customers conduct the necessary inspections, we are in close contact with them and will assist in addressing any and all issues found. We are committed to ensuring that every Boeing aircraft meets design specifications and the highest safety and quality standards. We regret the impact on our customers and their passengers." - Boeing.

2. Alibaba Cloud's Tongyi Qianwen large-scale model has been integrated into the DingTalk service account, becoming the first large-scale model to open service ports through office applications. It is reported that the recently upgraded Tongyi Qianwen large-scale model, with parameters reaching the hundred billion level, will be responsible for providing text dialogue services, Tongyi Wanxiang will provide text-to-image services, and the visual understanding model Qwen-VL will provide image understanding services.

DingTalk President Ye Jun revealed that as of the end of 2023, DingTalk has reached 700 million users. In the next three years, there will be 10 million AI assistants generated on DingTalk.

1. GlaxoSmithKline announced on January 9th that it will acquire Aiolos Bio for a prepayment of $1 billion and up to $400 million in milestone payments. Through the acquisition, GlaxoSmithKline will obtain Aiolos' AIO-001.

2. TF International Securities analyst Guo Mingji stated on X on the 9th that Apple announced that the Vision Pro will be available for sale on February 2nd. With the demand from Apple's core fans and heavy users, once Vision Pro starts pre-orders or sales, it should quickly sell out and show longer delivery times. If not, it means that Vision Pro may take longer to succeed, which is not favorable for Apple and related supply chain's short-term stock performance.

3. Tencent Games released the "2024 Winter Vacation and Spring Festival Holiday Notice for Underage Players". Combining relevant requirements with actual holiday arrangements, underage players can log in and experience games every Friday, Saturday, Sunday, and during the Spring Festival statutory holiday from January 22nd to February 24th, between 20:00 and 21:00. It reminds underage players to arrange their time reasonably and play games moderately.

Tencent Games also stated that during the winter vacation, the total game time for underage players is limited to 16 hours. In addition to anti-addiction measures such as real-name authentication, time and spending limits, and facial recognition, the "parental services" will also be comprehensively upgraded.

Pre-market Movement

In pre-market trading, the futures of the three major stock indices in the US fell, and the panic index surged.

Popular Chinese concept stocks generally fell sharply before the market opened. JD.com fell more than 3%, while Alibaba, Pinduoduo, Xiaopeng, Li Auto, Bilibili, and Baidu fell more than 1%. Dada, which fell 45% last night, rose 12% in pre-market trading at one point.

In terms of individual stocks, Spanish chemical and pharmaceutical company Grifols fell 52% at one point after Gotham City released a short-selling report.

Zhanbo Network rose 27% at one point. In terms of news, Huayu Technology is in deep negotiations to acquire Zhanbo Network for approximately $13 billion. The deal could be reached as early as this week.

Strategy Review

1. Dada fell 45%, could it be the next 40x Luckin?

Dada Group's stock price has dropped 98.8% from its highest price of $61, making it one of the Chinese concept stocks with the largest decline. Luckin Coffee had a nearly 40-fold increase in the pink sheet market.

2. Who will ByteDance sell its gaming business to?

There are many potential buyers, but few have entered the negotiation stage, and none of them are A-share companies.

Musion Technology is obviously more sought after than Chaoxi Guangnian and can continue as a complete entity.

The entire process will significantly strengthen the relationship between Tencent and ByteDance, which may not be a good thing for other internet companies.

3. After reading Apple's 42-page patent, I found the killer feature of Vision Pro

Apple has released a key patent related to Vision Pro, which has attracted attention from overseas media. According to the patent, Vision Pro's external screen is multifunctional, not only displaying the user's eyes but also decorating them. This indicates that Apple is trying to provide a more interesting and vivid eye experience.

4. Company Analysis | Why is Amazon's stock price expected to reach a new all-time high?

"I believe that Amazon will surpass its previous high this year. Compared to its historical levels, Amazon is currently not expensive, its performance has exceeded expectations, and general expectations are also rising. This is the secret of a bull market."

5. Understanding the Market | Up 6% last night! Where is the bull in the three new chips released by NVIDIA?

Supporting PCs with higher performance! Compared to the "reduced quantity without reducing price" RTX 4090D, the newly released RTX 40 Super series from NVIDIA appears to be more cost-effective.

6. Core Theme for 2024: Global Central Banks Shift to Interest Rate Cuts

Research predicts that a year of more widespread interest rate cuts has arrived, with the Federal Reserve leading the way for central banks in developed countries, and the Bank of Japan being the only one in the G7 to go against the trend. Other economies are following suit, with the Russian central bank expected to cut interest rates by 4% and the Argentine central bank potentially slashing rates by 3000 basis points.