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Real-time News
On May 13th, Alibaba announced at its earnings conference that Taobao Flash Sales overall order volume for the first quarter of this year was 2.7 times that of the same period last year, with non-food retail orders reaching 3 times that of last year. The company is confident of achieving positive UE (Unified Product) before the end of the new fiscal year. Last April, Alibaba launched its food delivery campaign. This means that after a year of competition, Taobao Flash Sales scale is nearly three times that of a year ago.On May 13th, Tencent executives stated in a conference call following the release of the first-quarter financial report that the companys capital expenditures will increase going forward, and more domestically produced chips will be put into use in the second half of this year. Tencent Cloud has consistently lacked sufficient GPU resources, making it difficult to meet all the needs of external customers, which has impacted revenue generation and market share. The Tencent executives stated that investments in AI include both short-term and long-term investments, and the company will not manage each related product on a quarterly basis, but rather review it based on the asset portfolio and lifecycle.Data as of May 13, 2026, shows that trading volume in the 15 minutes before the US market opens is at the 93rd percentile historically, significantly higher than the average of the past 30 days, indicating strong buying support at the open. Simultaneously, the momentum index also reaches the 93rd percentile, significantly better than the 30-day average, reflecting that the markets ability to sustain trends has entered an extremely strong zone.May 13th - The global energy price shock triggered by the US-Israel conflict with Iran may force the Turkish central bank to raise its inflation forecast, further increasing pressure on the country to curb price increases. Turkish central bank governor Fatih Callahan will release his quarterly monetary policy report on Thursday. Analysts widely expect the central bank to raise its year-end inflation target and forecast range. The current target is 16%, with a forecast range of 15% to 21%. Hande Sekergi, chief economist at Is Asset Management, stated, "Although the central bank has stated it will not adjust its interim targets unless there are extreme circumstances, the global price shock and escalating supply issues are likely to prompt it to raise its year-end inflation target."May 13th - According to CNBC, the US Producer Price Index (PPI) saw its largest monthly increase in over three years in April, driven by continued pressure from upstream costs, indicating renewed inflationary pressures. Data released Wednesday by the US Bureau of Labor Statistics showed that the seasonally adjusted Producer Price Index (PPI) rose 1.4% month-over-month in April, far exceeding the 0.5% forecast in a Dow Jones survey and also higher than the revised 0.7% in March. This is the largest monthly increase since March 2022. Year-over-year, the PPI rose 6% in April, the highest level since December 2022. Excluding food and energy, the core PPI rose 1% month-over-month, higher than the expected 0.4%. Further excluding food, energy, and trade services, the PPI rose 0.6% month-over-month. Similar to the surge in CPI data released on Tuesday, energy prices were also the fundamental reason for the unexpectedly large increase in the April PPI data. The Bureau of Labor Statistics stated that about three-quarters of the increase in commodity prices in the PPI was driven by final demand for energy, which rose 7.8% that month. More than 40% of that increase could be attributed to a 15.6% surge in gasoline prices. That month, due to the impact of the Iran-Iraq War on the entire energy sector, U.S. gasoline prices had already well exceeded $4 per gallon.
