Xi Niu Cai Jing·2025-06-13 01:37Group 1: Fundraising and Investment Trends - New funds are accelerating their market entry, with several funds ending their fundraising early to seize the investment window [1] - Multiple fund companies are purchasing their newly launched equity funds, indicating a positive outlook for the market [1] - In May, the total scale of the top 14 bank wealth management companies reached 23.92 trillion yuan, an increase of approximately 330 billion yuan from April [1] Group 2: 5G-A and Low-altitude Economy - 5G-A technology is being applied in various industries, including smart driving and next-generation consumer electronics, providing new growth opportunities for operators [2] - The low-altitude economy is expected to become a trillion-level new market, with a projected market size of 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [2] Group 3: Corporate Developments - SpaceX's Starship's eighth test flight failure was attributed to a hardware failure in one of its Raptor engines, with no reported public injuries or property damage [3] - Tencent is exploring the possibility of acquiring South Korean game developer Nexon, which has a market value of 15 billion USD [4] - Xiaopeng Motors is negotiating to supply AI chips to other automakers, with expectations that its self-developed chips will be integrated into some Volkswagen models [4] Group 4: Market Reactions and Economic Indicators - The US stock market saw slight gains across major indices, with the S&P 500 rising by 0.38% and the Nasdaq by 0.24%, supported by a slowdown in inflation and stable US Treasury auctions [11] - The US dollar index fell by 1%, reaching a three-year low, while the onshore renminbi hit a seven-month high [11]