To The Moon

Many people think that$PDD Holdings Inc(PDD)$  Pinduoduo is very unfriendly to brands, or even anti-brand. I have been thinking about this issue, and today I will briefly talk about my understanding. My understanding is mainly to draw a direct conclusion by answering two questions. 1. Why do brands exist? What role have brands played in the long river of history? A trustworthy mass brand means excellent product strength and high-quality after-sales services. In a business society that is moving from disorder to order, a trustworthy brand is like a pearl in the dark night, which can reduce transaction costs and promote transaction speed and frequency. Why do many excellent brands move from a single product to dive

$Tesla Motors(TSLA)$  In the past week, there have been some observations in the United States, from the west coast to the east coast, regarding Tesla. Firstly, the penetration rate of electric vehicles in the United States is still very low, which presents an opportunity for Tesla. The only Chinese electric vehicle manufacturer that can compete with Tesla globally has almost no chance of entering the US market on a large scale, which is not due to their capabilities but rather the result of political maneuvering. Secondly, when it comes to car purchases, Americans generally prioritize affordability, and there is a large number of used cars in circulation. This cultural phenomenon is similar to many Americans us

$XPeng Inc.(XPEV)$  $NIO Inc.(NIO)$  $Li Auto(LI)$  $Semiconductor Bull 3X Shares(SOXL)$  The current problems are actually very similar to Xiaomi, and neither of them has a real positioning anchor. The concept conveyed by Xiaopeng through official channels and KOL has always been intelligent driving and maneuverability, but as I said when I analyzed SU7 before, these two attributes represent the demands of the mainstream market, and are more like a pan-product concept. You need to

Citigroup expects Xiaom$XIAOMI-W(01810)$   Group-W.HK SU7 to deliver 5,000 to 6,000 units in April, and about 55,000 to 70,000 units for the whole year. Currently, the delivery time of Xiaomi SU7 is as long as 6 months. If the production capacity cannot keep up with the demand, Xiaomi may encounter growth problems similar to that of Xiaopeng G6 last year. The bank estimates that Xiaomi will lose an average of 6,800 yuan for each SU7 sold in 2024, and the entire car manufacturing business will lose a total of 4.1 billion yuan. There is no scale effect in the early stage of car manufacturing, and it is normal to lose money. It is just a little cash flow. With sufficient order demand, Xiaomi's back-end car manufac

The Hong Kong stock market$HSI(HSI)$  gives people a feeling that there is gold everywhere.  Cyclical stocks: Needless to say, the super cycle of a commodity is coming. Gold stocks, represented by China Gold International and Zijin Mining, took the lead in showing, and then led Lingbao Gold Gold Lingbao Gold.HK, China Hanwang, Minmetals Resources, and China Nonferrous Mines to start a lifting model; at the same time, the aluminum stock China Hongqiao was in the second stage of aluminum stocks. It has also begun to be noticed by the market, and it is doubled in one breath.  Although it is not as good as the increase of Lingbao Gold, it is better than the low valuation. Most of these will continue to perf

$TENCENT(00700)$  Tencent's repurchase is already twice as much as the major shareholder's reduction, so in theory, Tencent's repurchase can completely offset the impact of the major shareholder's reduction. It's just that during the period when Tencent cannot repurchase, the major shareholder can reduce its holdings. During this period, if there is no capital inflow from the market, Tencent's stock price is likely to be hit down again. After all, when Tencent repurchased 1 billion every day, it is estimated that it did not rise significantly. Personally, I think 300 has become Tencent's new support level. Last year, the repurchase was almost the same as the reduction, and the stock price was probably hit to a low o

I agree$XIAOMI-W(01810)$  XIAOMI-W(01810.HK)$ Whether automobiles can bring room for continued stock price increases in the medium to long term still depends on product power, brand power, and channel power. As a product with both brand + manufacturing, automatic control and self-research of core technology, rather than simple industrial chain integration, is the key to long-term competitiveness. What's more, there isn't much time left for the NEV knockout competition. The only thing Xiaomi can do now is increase the level of self-research and expand production capacity as soon as possible. With the support of a strong brand and safe cash flow, it's not impossible whether Xiaomi can rebuild a Xiaomi and become

My answer: Singapore: Marina Bay Sands Australia: Sydney Opera House China: Temple of Heaven New Zealand: Sky Tower Hong Kong: Victoria Peak America: Apple Park

$Alibaba(BABA)$  $Alibaba(09988)$  Announced that the loss narrowed by 5.5% to HK$763 million last year, with a loss per share of HK$1.74. Excluding the impact of special items of non-operating nature, the adjusted loss narrowed by 10.6% to HK$607 million, and the EBITDA loss narrowed to HK$140 million during the period. No final dividend was paid. TVB The stock price fell 2.3% today, closing at HK$3.42. During the period, revenue fell 7% year-on-year to HK$3.323 billion. Among them, the Hong Kong TVB division recorded revenue of HK$1.4 billion, an increase of 8% year-on-year, while revenue from advertisers increased by 9%. Mainland

$TVB(00511)$  Announced that the loss narrowed by 5.5% to HK$763 million last year, with a loss per share of HK$1.74. Excluding the impact of special items of non-operating nature, the adjusted loss narrowed by 10.6% to HK$607 million, and the EBITDA loss narrowed to HK$140 million during the period. No final dividend was paid. TVB The stock price fell 2.3% today, closing at HK$3.42. During the period, revenue fell 7% year-on-year to HK$3.323 billion. Among them, the Hong Kong TVB division recorded revenue of HK$1.4 billion, an increase of 8% year-on-year, while revenue from advertisers increased by 9%. Mainland business revenue increased by 4% to 729 million yuan, benefiting from the growth of revenue from co-produ