// 热点头条 // 1. SpaceX ：史上最大 IPO 即将启航！马斯克旗下 SpaceX 的 IPO 筹备工作已进入实质性阶段，计划于 本周或下周正式向监管机构提交机密申报文件，拟于今年 6 月正式启动 IPO ，目标估值锁定 1.75 万亿 美元，并有望募资 500 亿至 750 亿美元。但实际募资规模与估值将在 IPO 前数周最终确定。 2. OpenAI 宣布，出于运营成本考虑，将关停旗下 Sora 视频生成服务，并终止与迪士尼的合作协议，以 简化其人工智能产品线，进一步聚焦机器人等核心产品。此举距离其高调推出 Sora 独立应用程序仅约 六个月。 3. 泡泡玛特： 2025 年全年营收 371.2 亿元，同比增长 184.7% ，年营收首次突破 300 亿元大关；经调整 净利润 130.8 亿元，同比增长 284.5% 。其中， LABUBU 所在的 THE MONSTERS 家族收入达 141.6 亿 元，成为公司首个跻身 " 百亿俱乐部 " 的 IP ，占公司总营收的 38.1% 。然而， LABUBU 以外 IP 的营 收占比大多缩水。曾是泡泡玛特 " 门面 " 的 MOLLY ， 20 ...

The last time I covered PDD Holdings ( PDD ), I talked about the way the current pessimism about Temu's slowdown led to a significant discount on one of China's best financialI've been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused ...

中概股大涨。 当地时间3月25日，美股三大指数集体高开，盘初均一度涨超1%，随后涨幅有所收窄，截至发 稿，道指涨0.5%，纳指涨0.96%，标普500指数涨0.56%。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | DJI | 道琼斯工业平均 | 46356.39 | 232.33 | 0.50% | | IXIC | 纳斯达克指数 | 21970.11 | 208.22 | 0.96% | | SPX | 标普500 | 6593.15 | 36.78 | 0.56% | | NDX | 纳斯达克100 | 24194.11 | 191.66 | 0.80% | | MAGS | 万得美国科技七巨头指数 | 59703.43 | 605.88 | 1.03% | | DRAG | 万得中概科技龙头指数 | 3771.31 | 85.95 | 2.33% | | HXC | 纳斯达克中国余龙指数 | 6911.47 | 140.21 | 2.07% | 中概股表现强势，纳斯达克中国金龙指数高开高走，目前涨幅已扩大至2%以上。 近日， ...

Stock Market Today: Dow Rallies On Trump Peace Plan; Oil Prices Dive | Investor's Business Daily BREAKING: Futures Rise, Oil Prices Fall On Iran Deal Hopes Futures for the Dow Jones Industrial Average and other major stock indexes traded higher ahead of Wednesday's market open after the U.S. sent a peace plan to Iran. Meanwhile, oil prices took a dive on the stock market today. Ahead of the opening bell, Dow Jones futures rose 1.1%, as S&P 500 futures gained 1%. Tech-heavy Nasdaq 100 futures rallied 1.2% in ...

3月25日，拼多多集团发布了2025年第四季度及全年财报。在财报电话会上，拼多多方面披 露，此前股东大会确立的三年战略正在稳步推进和落地见效。 2025年12月19日，拼多多集团股东大会宣布赵佳臻出任联席董事长兼联席CEO，赵佳臻发布 了"聚焦、重投供应链升级，高质量发展"的下阶段集团战略，提出"力争三年再造一个拼多多"。 如今，首个战略重大举措开始落地：拼多多集团正式宣布组建"新拼姆"，开启品牌自营，继续重 仓中国供应链，带动国内产业高质量、品牌化发展。 据介绍，"新拼姆"已在上海成立新的专项公司，一期已现金注资150亿元，未来三年计划总计投 入1000亿元真金白银，整合"拼多多+Temu"的供应链资源，开启搭建自营品牌模式，重点面向全 球市场，系统性自营并孵化面向不同市场、不同品类的品牌，实现中国制造高标准输出，推动中 国制造进一步走向价值高端。 "过去三年，Temu的快速成长是中国供应链产业红利带来的关键一跃，也为国内供应链的升级再 造带来了新的契机。"赵佳臻表示，2026年国内供应链迎来了转型升级的关键窗口期，拼多多将 举全集团之力，公司上下力出一孔，争取在三年内推动"新拼姆"实现国产自营品牌的高质量 ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Zhao reported that quarterly revenue reached RMB 123.9 billion, up 12% year-over-year, and full-year revenue totaled RMB 431.8 billion, up 10%. He added that net income declined year-over-year for both the quarter and the full year, which he attributed primarily to sustained investments on both the supply and demand sides. Zhao reiterated that the company prioritizes long-term value generation through ecosystem development over short-term results.Co-Chairman and Co-CEO Jiazhen Zhao said 2025 marked the comp ...

PDD (NasdaqGS:PDD) Q4 2025 Earnings call March 25, 2026 07:30 AM ET Company ParticipantsAlicia Yap - Managing DirectorJiazhen Zhao - Co-Chairman and Co-CEOJiong Li - Financial DirectorKenneth Fong - Managing DirectorLei Chen - Co-Chairman and Co-CEONone - Company RepresentativeNone - TranslatorConference Call ParticipantsJoyce Ju - VP and Equity AnalystOperatorLadies and gentlemen, thank you for standing by and welcome to PDD Holdings Inc. fourth quarter and fiscal year 2025 earnings conference call. At thi ...

PDD (NasdaqGS:PDD) Q4 2025 Earnings call March 25, 2026 07:30 AM ET Company ParticipantsAlicia Yap - Managing DirectorJiazhen Zhao - Co-Chairman and Co-CEOJiong Li - Financial DirectorKenneth Fong - Managing DirectorLei Chen - Co-Chairman and Co-CEONone - Company RepresentativeNone - TranslatorConference Call ParticipantsJoyce Ju - VP and Equity AnalystOperatorLadies and gentlemen, thank you for standing by and welcome to PDD Holdings Inc. Fourth Quarter and Fiscal Year 2025 Earnings Conference Call. At thi ...

PDD (NasdaqGS:PDD) Q4 2025 Earnings call March 25, 2026 07:30 AM ET Speaker6Ladies and gentlemen, thank you for standing by and welcome to PDD Holdings Inc. fourth quarter and fiscal year 2025 earnings conference call. At this time, all participants are in listen-only mode. There will be a presentation followed by a question and answer session. At which time, if you wish to ask a question, you will need to press star one on your telephone. Please be advised that today's conference call is being recorded. I ...