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Real-time News
On May 7, the reporter learned today that Dingdong Maicai and Hong Kong DFI Retail Group recently announced a strategic cooperation. The two parties will integrate the core advantages of supply chain and retail terminals, jointly build a digital cross-border supply chain system, and provide Hong Kong consumers with diversified, high-quality and cost-effective products through DFIs Wellcome supermarkets. The two parties set a sales target of HK$100 million in the first year of cooperation. The first batch of 6 Dingdong Maicai selected vegetables have recently been launched in nearly 280 Wellcome supermarkets in Hong Kong, and simultaneously landed on Wellcome online stores and food panda takeaway platforms.On May 7, Pop Mart (09992.HK) once again reduced its holdings in a pre-market block trade. An investor sold about 3.86 million shares of Pop Mart at HK$190.20 per share, involving about HK$734 million. Public information shows that Pop Mart had been reduced by investors twice in a row in the previous week, involving about HK$1.5 billion. The reporter learned from an insider close to Pop Mart that this continuous reduction was not a reduction by the companys management. Judging from the rhythm of the reduction, it is likely to be a natural reduction due to the expiration of the fund, which has nothing to do with the companys fundamentals. The reporter checked the equity information of Pop Mart and found that the three reductions in the past week were 4.05 million shares, 4 million shares, and 3.86 million shares, totaling 11.91 million shares, accounting for about 0.9% of the companys shares. Comparing the equity information, this reduction is most likely the expiration of all Pop Mart shares held by Fengqiao Capital Fund.Hong Kong-listed auto dealer stocks continued to strengthen, with Zhongsheng Holdings (00881.HK) rising nearly 7.5%, Yongda Automobile (03669.HK) rising nearly 2.5%, and Harmony Auto (03836.HK), Tuhuo (09690.HK) and others following suit.Li Yunze, director of the State Financial Regulatory Administration, said at a press conference held by the State Council Information Office on May 7 that mergers and acquisitions loans for technology companies are being carried out in an orderly manner and the "first orders" have been placed in 18 cities.US Secretary of State Rubio urged India and Pakistan to keep communication channels open to avoid escalation of the situation.
