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Real-time News
Jefferies: Raises its price target for Tesla (TSLA.O) from $300 to $350.April 20th - It was learned today at the 2026 China Intellectual Property Protection High-Level Forum that my countrys intellectual property protection system for emerging fields such as artificial intelligence, big data, and gene technology is continuously improving. Pilot programs for data intellectual property protection have been conducted in 17 provinces and municipalities across the country. By the end of 2025, these pilot areas had cumulatively received over 100,000 data intellectual property registration applications and issued over 48,000 registration certificates. Focusing on emerging industries such as next-generation information technology and artificial intelligence, 81 national-level intellectual property protection centers and 50 rapid rights protection centers have been established nationwide, providing innovative entities in emerging fields with a "one-stop" service integrating rapid pre-examination and rapid rights protection.On April 20th, the Foshan Municipal Housing and Urban-Rural Development Bureau officially released the "Notice on Organizing the First Batch of Trade-in Programs for Commercial Housing." This is not merely a simple encouragement document; it is a comprehensive solution that systematically addresses bottlenecks in the trade-in process through innovative models and a combination of policies. It aims to shift the real estate market from a "one-sided buying and selling" model to a "virtuous cycle of existing and new housing stock," achieving a win-win situation for citizens, businesses, and the market. The innovation of Foshans "trade-in" policy lies in the participation of multiple real estate companies: Foshan Anju, Chancheng Anju, Nanhai Youju, Shunde Chengtie, Gaoming Airport Construction, and Sanshui Anju act as the acquiring entities; while Foshan Chenfa, Foshan Urban Renewal, Foshan Lianzhi, Heyue Yaji, Shunkong Chengtou, Yongdeli Commerce, Sanshui Chanfa, and Miaohui Real Estate provide new housing units. This model determines the value of the old housing through negotiation and establishes a "contract termination protection period" to avoid blindly lowering prices, thereby creating a closed loop of "selling old and buying new" and acting as a market stabilizer.April 20th - According to sources, ByteDances overseas revenue is projected to grow by nearly 50% in 2025, far exceeding the approximately 20% growth rate of its domestic revenue. The proportion of overseas revenue also rose from 25% in 2024 to over 30%, setting a new record. TikToks e-commerce business is the main driver of ByteDances overseas revenue growth. It is understood that TikTok Shops GMV is expected to grow by nearly 70% year-on-year in 2025, significantly increasing ByteDances overseas revenue share and propelling TikTok to substantial profitability in 2025.On April 20th, the National Energy Administration released data on total electricity consumption in March. From January to March, total electricity consumption reached 2,514.1 billion kilowatt-hours, a year-on-year increase of 5.2%. By sector, primary industry electricity consumption was 33.6 billion kilowatt-hours, a year-on-year increase of 7.1%. Secondary industry electricity consumption was 1,598.7 billion kilowatt-hours, a year-on-year increase of 4.7%; among which, industrial electricity consumption was 1,583.6 billion kilowatt-hours, a year-on-year increase of 4.9%, and high-tech and equipment manufacturing electricity consumption was 274.6 billion kilowatt-hours, a year-on-year increase of 8.6%. Tertiary industry electricity consumption was 483.3 billion kilowatt-hours, a year-on-year increase of 8.1%; among which, charging and swapping services and internet data services consumed 37.6 billion and 22.9 billion kilowatt-hours respectively, with growth rates reaching 53.8% and 44.0% respectively. Residential electricity consumption was 398.5 billion kilowatt-hours, a year-on-year increase of 3.4%.
