TOP NEWS FROM TH CAPITAL:
In November 2023, China's car dealer inventory alert index rose to 60.4%, up 1.8% from October, staying above the threshold. 79.4% of dealers reported lower-than-expected sales, while 23.9% met expectations, and only 1.7% exceeded them. Additionally, mid-November data from the China Passenger Car Association shows a 19.0% discount rate, higher than the previous month. #ChinaCarInventory
Xiaomi's first car has entered the fifth stage of production line verification (PT5) last week at the Yizhuang factory. The factory aims to complete the assembly of 300 vehicles this month, a several-fold increase compared to November. #Xiaomi #AutomotiveInnovation #TechNews
According to report, in July, shortly after the launch of the live streaming platform, Meituan's monthly GMV was around 500-600 million, with a 20% MoM growth. However, in August, it swiftly rose to 1-1.2 billion, witnessing multiple live rooms exceeding a billion. By October, monthly GMV surpassed 2 billion. Meituan hasn't set an annual GMV target for live streaming; focus remains on enhancing capabilities, increasing merchant participation, and exploring local business-friendly live formats. #MeituanLive #Meituan
Gold hits a new peak at $2,110.8 per ounce on Monday, driven by a two-month rise fueled by the Israel-Palestinian conflict. Despite a slight pullback, analysts predict gold to stay above $2,000 in the coming year.
#GoldPrices #MarketUpdateTianfeng Securities is optimistic about video applications in AI, highlighting breakthroughs in video diffusion models like VideoLDM, Text2Video-Zero, RunwayGen1 & RunwayGen2. Companies like Runway have made significant strides #TechTrends #VideoInnovation #AI
Assoc. Director at Deloitte - Consulting - Data Analytics
1wquite insightful and inspiring Mithun Karthikeyan