In today’s briefing:
- Ohayo Japan | Tesla Surprises Wall Street
- Online Game Monitor: June 16-July 1, 2024
- [Blue Lotus Daily]:1810HK/1211HK/LI/NIO /XPEV/ATAT/2352CH/BEKE/2618HK/2352SZ/ZTO/1519HK/981HK/9699HK
- US Battery and Solar Investments, One Year After, Part I
- [Blue Lotus Daily-TMT Update]:JD/PDD/BABA/BILI/BIDU/700HK/3888HK/1024HK/NTES /3690HK/TCOM/SE/CPNG/BZ
- US EV Charging Infrastructure Tracker: Update – June 2024
- #22 India Insight: Increase in Windfall Tax on Crude Oil, L&T Offshore Order, M&M Volume Rise
- Fabricated Knowledge Q2 2024 Quarterly Review
- [Blue Lotus Daily-TMT Update]:NTES US/BIDU US/AMZN US/BABA US/002230 SZ/9992 HK/1024 HK
Ohayo Japan | Tesla Surprises Wall Street
- U.S. stocks climbed on Tuesday, with the S&P 500 and Nasdaq Composite reaching new record highs, driven by a surge in Tesla share
- NKY Futures point to a strong open, continuing the strong momentum from yesterday.
- Tokio Marine and Sompo maybe planning to sell approximately 500 billion yen ($3.1 billion) worth of Honda shares
Online Game Monitor: June 16-July 1, 2024
- Bilibili’s <Three Kingdom: MDTX> continues to show strong monetization performance, Based on our data tracking, we are raising the annual grossing estimate by 25% to approximately RMB 5.5 billion.
- NetEase’s <Naraka Mobile> has surpassed 40 million pre-registrations, making it the most pre-registered game in NetEase’s history. We are raising the annual grossing estimate by 20% to RMB 12 billion.
- Tencent’s <FGS> has seen a continuous rise in popularity following the release of the new mode. We are raising the annual grossing estimate by 10% to RMB 13 billion.
[Blue Lotus Daily]:1810HK/1211HK/LI/NIO /XPEV/ATAT/2352CH/BEKE/2618HK/2352SZ/ZTO/1519HK/981HK/9699HK
- 1810 HK/1211 HK/LI US/NIO US/XPEV US: EV sales were strong in the 25th week of 2024, with several brands reaching new highs (/////////)
- ATAT US:The first Atour Hotel 4.0 opens in Xi’an. (+)
- Ministry of Commerce: Mainland China will increase the tax-free allowance for luggage carried by resident travelers entering from Hong Kong and Macao
US Battery and Solar Investments, One Year After, Part I
- One year after June 30, 2023, only 18% more of total battery capacities were added in US, below EU’s 26% more added over the same period;
- Chinese companies have largely shunned away from US investments, contributing only 8.7% of total. Most Chinese investments are in the mineral, instead of cell and package segments;
- Envision/AESC alone contributed 2/3 of Chinese investments in US and is the only Chinese company investing in the cell segment.None invests in the package segment.
[Blue Lotus Daily-TMT Update]:JD/PDD/BABA/BILI/BIDU/700HK/3888HK/1024HK/NTES /3690HK/TCOM/SE/CPNG/BZ
- JD US/PDD US /BABA US: JD launches new low-priced initiative to target lower-tier market (+/-/-)
- BABA US/BILI US/BIDU US/700HK: Bilibili and Xiaohongshu inaccessible after 38-minute cloud crash (-/-/+/+)
- 700 HK: Tencent announces upgraded LLM training system . (+)
US EV Charging Infrastructure Tracker: Update – June 2024
- Total public EV charging stations (incl. temporary unavailable locations) were 70,222 as of June 30, 2024. Compared to the end of FY23, it is an increase of 8.6%.
- Total EVSE charging ports (including the temporary unavailable ports) were188,025, up nearly 11.7% compared to the end of 2023 and up 1.8% over May 2024.
- California has the highest number of EV charging stations in the country. It accounts for a 25% share of public EV charging stations and 26% of public EV charging ports.
#22 India Insight: Increase in Windfall Tax on Crude Oil, L&T Offshore Order, M&M Volume Rise
- Government Hikes Windfall Tax on Crude Oil to Rs.6,000 per Tonne from Rs.3,250
- Larsen & Turbo Secures Significant Offshore Order worth Rs. 2,500 crores from ONGC
- Mahindra & Mahindra Total volume Rise 11% YoY to 69,397 Units in June 2024
Fabricated Knowledge Q2 2024 Quarterly Review
This is my quarterly piece, where I round up all of my favorite ideas (more explicitly) and explain some semiconductor jargon. This is a meta piece of content.
- First and foremost, I’ll start with performance. SMH returned 14% this quarter, among the best quarters in history for the semiconductor universe (again).
- This quarter’s leader was AOSL, who is rumored to have won a socket at Nvidia.
[Blue Lotus Daily-TMT Update]:NTES US/BIDU US/AMZN US/BABA US/002230 SZ/9992 HK/1024 HK
- NTES US: <Naraka: Bladepoint> PC Celebrates Third Anniversary with Several New Updates (+)
- BIDU US: Baidu Netdisk Adds Vertical Screen Playback Feature to Accommodate Micro-Dramas (+)
- AMZN US/BABA US: TikTok Shop to launch in Spain (-)
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