Core Insights - Aurora MoonFox Data participated in the Hubbis Investment Forum Hong Kong 2025, focusing on wealth management and investment opportunities in Greater China and globally [1][2] Group 1: Event Overview - The forum featured a vibrant atmosphere with strong attendance from industry professionals, including investment bankers and asset managers, who showed significant interest in MoonFox's alternative data applications [2] - Key discussions revolved around the use of alternative data for investment research, risk management, and asset allocation, highlighting its relevance in the current market [4][6] Group 2: Key Use Cases of Alternative Data - Fund managers emphasized the importance of high-frequency alternative data, such as app activity and offline brand foot traffic, for early detection of market shifts, allowing timely adjustments in sector allocations [4] - Family office representatives noted that MoonFox's indices for offline store traffic and factory throughput provide real-time operational health monitoring for companies, enabling proactive risk management [6] - Private bankers and analysts discussed how online activity indices can track emerging consumer brands' growth, exemplified by Pop Mart's app activity correlating with revenue growth [6][9] Group 3: Insights from Keynote Speech - Max Ma, Senior Analyst at MoonFox Data, highlighted that China's GDP grew by 4.8% year-on-year in Q3 2025, with AI technology becoming a core driver of economic transformation [8] - The generative AI apps reached 471 million monthly active users in September 2025, marking a 12.4% month-on-month increase, which has intensified competition among platforms [8] - MoonFox's alternative data tracks extensive app usage and offline activities, providing investors with insights to anticipate industry trends and validate company fundamentals [9][10] Group 4: Future Outlook - MoonFox Data aims to deepen its presence in the Chinese market, offering forward-looking data solutions to help global investors capitalize on new opportunities in China's evolving economic landscape [12]

Core Insights - MoonFox Data, a subsidiary of Aurora Mobile, has launched its Financial Alternative Data Solution to enhance investment decision-making efficiency and accuracy by providing real-time, precise data support [1][12]. Investment Analysis Pain Points - Investment institutions face challenges such as delayed performance forecasting due to a 1–1.5 month information lag, which complicates revenue predictions for listed companies [2]. - Limited data coverage restricts research and consulting institutions to either online or offline data, hindering comprehensive evaluations of corporate operations and industry competition [2]. - Private equity and venture capital firms struggle to validate data-financial linkages, making it difficult to assess enterprise value and investment potential [2]. - Identifying high-growth sectors is challenging for investment institutions, risking missed investment opportunities [2]. Application Scenarios - The solution supports earnings forecasting for public companies, allowing funds and investment banks to predict revenues ahead of earnings releases by integrating various data sources [3]. - Real-time corporate performance monitoring is available for all investment institutions, enabling them to track operational dynamics and identify performance risks or growth signals [8][14]. - Subsector opportunity discovery assists VC/PE and research institutions in rapidly identifying high-growth sectors and screening for top-performing targets [9][15]. - Competitive benchmarking allows corporate strategy and research teams to compare operational performance across multiple companies within an industry [10][16]. Compliance and Data Coverage - MoonFox Financial Alternative Data complies with industry-leading data security and privacy standards, offering historical data tracing since 2019 and flexible output granularity [11]. - The platform covers over 300 listed companies and more than 1,000 brands across A-shares, Hong Kong, and US markets, serving clients like BlackRock and Goldman Sachs [12].

Employment Data Analysis - ADP preliminary report indicates a decrease of 11,000 in the 4-week moving average of private sector job creation [1] - This equates to a month-on-month decrease of approximately 44,000 to 45,000 jobs [2] - The index of average weekly job growth over the four-week period ending October 25th is down by 11,000, contrasting with the previous month's increase of 42,000, suggesting a weakening trend in October [3] - The data is consistent with a "low fire, low hire" economy [6] Small Business Sentiment - The NFIB small business optimism index fell by 0.6% to 98.2%, the lowest since April, but still above the long-term average [4] - Plans to increase hiring among small businesses decreased by 1 percentage point to 15% [4] - "Trouble with labor quality" increased by 9 percentage points to 27%, the highest since the pandemic [5] - Unfilled job openings remained unchanged, at the lowest level since the pandemic [5] Government Data and Alternative Data - The September government jobs and CPI reports are expected to be released several days after the government shutdown ends [8][9] - October data may be incomplete or unavailable due to the shutdown [9] - Alternative data may provide a more contemporary and potentially better understanding of the economy than government data, especially in light of potential inaccuracies caused by the shutdown [14][15][19]

Truflation being accepted and displayed on Bloomberg Terminals feels like a seminal moment.Everyone knows the legacy government data is inaccurate, but no one wants to explicitly say it.Including the alternative, real-time data is next best thing for incumbents to do.Truflation (@truflation):We are proud to announce that Truflation’s U.S. Inflation and Truflation PCE Indexes are now officially displayed on @Bloomberg’s solution for alternative economic index worksheets on the Bloomberg Terminal, which is tr ...

We are getting uh the jobless claims data from the US government despite uh the government shutdown and senior economics reporter Steve Leeman joins us with the data and a look at what all the alternative job numbers are telling us and a very firm conclusion about the the state of the labor market we're going to get from Steve I'm I'm told >> thanks for setting me up there Joe uh that's not going to happen I'll do the best I can uh first let me give you the jobless claims data it's gathered gathered individ ...

Labor Market Insights - The current labor market situation is characterized by a lack of job creation or loss due to the absence of data from the government shutdown, with alternative data sources providing varying estimates [2][4] - Bloomberg consensus anticipated an addition of 53,000 jobs, while other sources like Rev Elio suggested 60,000 jobs, and ADP indicated a loss of 32,000 jobs [2] - The Chicago Fed's unemployment proxy indicated a stable rate of 4.3%, suggesting no significant changes in the labor market [2] Impact of Government Shutdown - The government shutdown has resulted in no reports being generated by the Labor Department or the Bureau of Labor Statistics, affecting the transmission of data to the White House [5] - There is concern that if the shutdown continues, the collection of jobs and CPI data could be jeopardized, impacting future economic assessments [3] Federal Reserve Guidance - In the absence of concrete data, the Federal Reserve may rely on anecdotal insights from CEOs and companies to guide their decisions, potentially leading to a continued expectation of interest rate cuts in October [6] - The uncertainty surrounding the labor market and economic data may influence the Federal Reserve's approach to monetary policy [6][7]

Core Insights - Equifax's second-quarter earnings exceeded expectations, driven by growth in non-mortgage-related revenues, particularly in consumer lending and government sectors [2][4][5] - Despite positive results, management maintained cautious guidance due to macroeconomic uncertainties, including tariffs and their effects on interest rates and hiring [3][7] - Mortgage-related activities showed a decline, with inquiries down 8% in the latest quarter, and expectations for a further 13% decrease in the second half of the year [4][11] Financial Performance - The company's revenue for the second quarter reached $1.5 billion, surpassing previous guidance by $27 million, with U.S. mortgage revenues increasing by 14% [4][5] - Non-mortgage revenue growth was noted at 4% for B2B segments, with specific growth in auto lending and financial institutions [10] - Workforce Solutions revenues are projected to grow by 5% through fiscal year 2025, while US Information Systems revenues are expected to increase by 7% [5] Market Conditions - Elevated mortgage rates, consistently above 6.7%, along with high housing prices and low inventory, have contributed to historically low home purchase and refinance activities [11] - The economic environment remains uncertain, impacting hiring trends and overall revenue expectations for the second half of the year [8][11] Future Outlook - The company anticipates potential growth in the mortgage business once refinancing activity picks up, particularly through the integration of traditional and alternative data sources [11][12] - New solutions based on consumer-permissioned bank transaction data are set to launch in the third quarter, aiming to enhance verification processes [9]

Core Insights - MoonFox Data, a leading provider of data insights in China, presented at the Neudata Hong Kong Data Summit 2025, focusing on the importance of data-driven insights for global investors in navigating the Chinese market [1][2][3] Market Dynamics - The Chinese market is experiencing structural transformation under mildly easing policies in the first half of 2025, with key sectors such as AI, e-commerce, consumer goods, and automotive showing distinct evolutionary characteristics [5] - Data-driven insights are emphasized as essential tools for navigating market uncertainty, with MoonFox Data committed to helping clients identify incremental opportunities through real-time and in-depth data capabilities [5] Industry Analysis - The presentation by Max Ma included three core insights derived from MoonFox Data's proprietary data product matrix: 1. Quantifying Industry Evolution 2. Brand Competition Analysis 3. Actionable Investment Guidance [6] Product Spotlight - MoonFox Data's AI and alternative data solutions attracted significant attention at the summit, with flagship products like MoonFox iApp and MoonFox iBrand receiving high recognition for their innovation capabilities and real-world applications [8][10]