Group 1 - Trump has indicated that he has determined the next Federal Reserve Chair candidate, claiming that someone is preventing him from immediately firing current Chair Powell [2] - Google has launched its latest AI model, Gemini 3, which is expected to be integrated into multiple profitable products immediately after its release [2] - The U.S. stock market saw a collective decline, with the Dow Jones dropping 1.07%, the S&P 500 down 0.83%, and the Nasdaq falling 1.21% [3][4] Group 2 - Amazon's market value decreased by $110.3 billion in one night, with shares dropping over 4% [3] - Major tech stocks like AMD, Microsoft, and Nvidia also experienced declines, with Nvidia down nearly 3% [3][4] - In contrast, several Chinese concept stocks saw gains, with Baidu up 2.66% and Alibaba up 1.27% [3] Group 3 - The VIX index surged by 10.23%, indicating increased market volatility [5] - The 10-year U.S. Treasury yield fell by 1.74 basis points, closing at 4.1212% [5] - Gold prices increased slightly, with spot gold rising by 0.54% to $4066.40 per ounce [5] Group 4 - Nvidia and Microsoft announced a strategic partnership with Anthropic, committing to invest up to $150 billion in total [8][9] - Meta won a significant antitrust case against the FTC, allowing it to retain ownership of Instagram and WhatsApp [10] - Baidu reported a Q3 revenue of 31.2 billion yuan, with AI business revenue growing over 50% [12] Group 5 - Pinduoduo's Q3 revenue reached 108.28 billion yuan, a 9% year-over-year increase, exceeding expectations [13] - Xiaomi's Q3 adjusted net profit surged by 80.9% year-over-year, with total revenue of 113.1 billion yuan [14] - Wahaha Group announced a revenue growth of 500 million yuan for 2025, indicating a strong recovery [15] Group 6 - iPhone sales in China increased by 37% year-over-year in October, capturing 25% of the smartphone market [16] - Huawei announced a breakthrough in AI technology, planning to release an innovative AI container technology [17] - The chairman of China First Heavy Industries was arrested for bribery, impacting the company's leadership [19]

| 公司名称 | 持股数量 | 最新持股比例 | | --- | --- | --- | | 中国电信(00728) | 100.21亿股 | 72.20% | | 绿色动力环保(01330) | 2.80亿股 | 69.27% | | 中远海能(01138) | 8.96亿股 | 69.13% | | 大眾公用(01635) | 3.68亿股 | 68.94% | | 昊天国际建投(01341) | 74.75亿股 | 68.91% | | 中国神华(01088) | 22.93亿股 | 67.86% | | 凯盛新能(01108) | 1.69亿股 | 67.56% | | 天津创业环保股份(01065) | 2.25亿股 | 66.08% | | 南方恆生科技(03033) | 81.98亿股 | 62.45% | | 弘业期货(03678) | 1.55亿股 | 61.88% | | 中州证券(01375) | 7.28亿股 | 60.86% | | 康龙化成(03759) | 1.81亿股 | 59.89% | | 广汽集团(02238) | 16.84亿股 | 59.87% | | 东方证券(03 ...

科技圈大和解，年末再迎一对新人。苹果和腾讯就微信小程序收费达成一致，小程序开发者正式纳入苹果支付体系，成为苹果税光荣纳税人。 此后，iPhone用户在微信小程序氪金，就能在熟悉的iOS收费界面完成支付了。 这是双方各退一步的结果，腾讯同意苹果对微信小程序征收苹果税，苹果则将对常规App抽取的30%佣金降至15%，腾讯从此不用再听苹果嚷嚷"下架微 信"，苹果账本上又添一笔巨额税款。 这也意味着在硬件利润增长乏力的当下，苹果还能依靠服务这个现金牛，再挤几年牙膏。 具体的佣金收入苹果没有单独披露，不过按第三方机构SensorTower的口径，2023年全球范围内，苹果税创收223.4亿美元，差不多是1588亿人民币。 而去年底，苹果"支持"了一份名叫《Apple生态系统在中国》的报告，按照报告口径，2023年，苹果AppStore生态在中国创造了37630亿销售额[5]，涉及 苹果税的"数字商品与服务"占比不到4%[5]。 漏网之鱼 微信小程序自诞生起，就是苹果税的漏网之鱼。 "苹果税"指的是苹果对iOS应用开发商收取的佣金，用户通过App内购买应用内服务（如订阅服务、游戏氪金）时收取。但凡经过iOS体系内的交易， ...

Core Insights - Baidu's Q3 financial report highlights the significant growth of its AI business, with total AI revenue reaching 9.6 billion yuan, a year-on-year increase of over 50% [1][9] - The report marks the first disclosure of AI business revenue, showcasing the company's strategic pivot towards AI as a growth engine amid pressures on traditional business [1][9] AI Business Performance - AI cloud infrastructure revenue was 4.2 billion yuan, up 33% year-on-year, with high-performance computing subscription revenue increasing by 128% [9] - AI applications generated 2.6 billion yuan, reflecting a 6% year-on-year growth, while AI-native marketing services surged to 2.8 billion yuan, a remarkable 262% increase [9] - The overall AI business is positioned as a transformative force for Baidu, with expectations for continued revenue growth and improved profit margins [9][12] Autonomous Driving Developments - Baidu's autonomous driving service, "Luobo Kuaipao," reported 3.1 million global ride services in Q3, a 212% increase year-on-year, with total rides exceeding 17 million [1][3] - The company aims to expand its autonomous driving operations both domestically and internationally, with plans to increase vehicle deployment in existing cities and enter new markets [3][4] - Baidu's Robotaxi business is expected to focus on expanding order volume, city coverage, and global market penetration in 2026 [6][4] Financial Overview - Baidu's total revenue for Q3 was 31.2 billion yuan, a 7% decline year-on-year, with core revenue also down 7% to 24.7 billion yuan [12][14] - Online marketing revenue fell by 18% to 15.3 billion yuan, while non-online marketing revenue grew by 21% to 9.3 billion yuan, driven by the AI cloud business [12][14] - The company reported a net loss of 11.2 billion yuan for the quarter, compared to a profit of 7.6 billion yuan in the same period last year [14][16] Cost and Investment Strategy - Revenue costs increased by 12% to 18.3 billion yuan, primarily due to rising costs associated with AI cloud and content [13] - Baidu plans to maintain high investment levels in AI, having already invested over 100 billion yuan since the launch of its Wenxin large model [16] - The company anticipates that improvements in asset structure and capital efficiency will enhance profitability as AI business scales [16][17]

Group 1 - Xibei has raised the average salary of frontline employees by 500 yuan per person per month since September in response to negative public sentiment and online harassment [3][4] - Google has launched its latest AI model, Gemini 3, which aims to provide better answers to complex questions without requiring excessive prompts [4][5] - Gemini 3 Pro has achieved a groundbreaking Elo score of 1501, surpassing its predecessor in almost all major AI benchmarks [5] Group 2 - Xiaomi plans to release a new version of its end-to-end assisted driving system at the Guangzhou Auto Show on November 21 [8] - Meta's Chief Revenue Officer, John Hegeman, is leaving the company to start his own venture, marking a significant leadership change [10] - Meta has won a federal antitrust lawsuit regarding its acquisitions of Instagram and WhatsApp, as the court found no violation of antitrust laws [10] Group 3 - The U.S. stock market saw a collective decline, with the Dow Jones down by 1.07% and the Nasdaq down by 1.21% on November 18 [11] - Nvidia and Microsoft are set to invest up to $150 billion in Anthropic as part of a new strategic partnership [12] - ByteDance has integrated its engineering teams for e-commerce, life services, and advertising to enhance R&D efficiency [12] Group 4 - Weibo reported a total revenue of 3.456 billion yuan for Q3 2025, a decrease of 5% year-on-year [22] - iQIYI's total revenue for Q3 2025 was 6.68 billion yuan, down 8% year-on-year [23] - Baidu's Q3 2025 revenue reached 31.2 billion yuan, with AI business revenue growing over 50% [24] - Xiaomi's Q3 2025 revenue was 113.1 billion yuan, reflecting a year-on-year growth of 22.3% [25]

Group 1: International Relations - China's Foreign Ministry spokesperson Mao Ning emphasized the country's unwavering stance on core interests and international justice in response to Japanese Prime Minister's remarks on Taiwan, indicating a potential decline in China-Japan relations [1] - The Ministry of Commerce criticized the U.S. for modifying patent invalidation rules, claiming it discriminates against Chinese enterprises and violates international obligations [2] Group 2: Financial Sector Developments - The Financial Regulatory Administration held a meeting to promote a market-oriented, legal, and international business environment, aiming to support the Hainan Free Trade Port as a key gateway for China's new era of opening up [3] Group 3: Technology and AI Sector - Xiaomi Group reported Q3 revenue of 113.12 billion RMB, a 22.3% year-on-year increase, with adjusted net profit reaching a record high of 11.3 billion RMB, up 80.9% [7] - Baidu's Q3 earnings showed total revenue of 31.2 billion RMB, with core revenue at 24.7 billion RMB, and AI business revenue growing over 50% [8] - Pinduoduo's Q3 revenue was 108.28 billion RMB, a 9% year-on-year increase, with adjusted net profit of 31.38 billion RMB, up 14% [8] - Xiaomi's president noted that the current rise in memory prices is driven by increased demand for HBM due to AI [5] Group 4: Mergers and Acquisitions - Saiwei Electronics announced plans to acquire a stake in Chip East, focusing on the lithography machine sector [9] - Aik Shares is planning to acquire Dongguan Silicon Holdings, with stock suspension in effect [9] - Tianyi Ma intends to purchase 98.56% of Xingyun Kaiwu for 1.189 billion RMB [9] - Shengbang Shares plans to acquire 60% of Wuxi Wokeke, which is expected to constitute a major asset restructuring [9] Group 5: Stock Market Updates - *ST Dongyi announced the end of stock suspension and resumption of trading [10] - Huayuan Communication reported that Dingyun Industry will become the controlling shareholder, with stock resuming trading [10] - *ST Zhengping announced a stock suspension for the third time in two months for verification [11] Group 6: Investment and Financial Products - Zhongwen Media announced plans to use 9.5 billion RMB of idle funds to purchase financial products [12] - Shengxin Lithium Energy plans to sign a framework agreement with Huayou Holding Group for the supply of 221,400 tons of lithium salt from 2026 to 2030 [12] - Xiamen Tungsten New Energy intends to invest 1.525 billion RMB to establish a wholly-owned subsidiary for a project producing 50,000 tons of high-performance low-cobalt battery materials [12] Group 7: Legal and Regulatory News - A U.S. federal judge ruled in favor of Meta in an antitrust lawsuit, allowing Instagram and WhatsApp to remain integrated [16] - The U.S. Congress passed a bill requiring the Department of Justice to release all documents related to the Epstein case [18]

【导读】纳指和道指跌幅超1%，亚马逊跌超4% 对美股科技股泡沫和美国经济前景的担忧引发美股齐跌。同时，美联储降息预期降温，股票市场承压。市场密切关注英伟达财报；拼多多业绩增速放缓， 股价跌超7%。 三大指数深夜齐跌 美东时间11月18日（周二），市场对科技股估值过高的担忧情绪继续发酵，美股三大指数集体收跌，纳指和道指跌幅均超过1%。 截至收盘，道琼斯指数下跌1.07%，报46,091.74点；标普500指数下跌0.83%，报6,617.32点；纳斯达克指数下跌1.21%，报22,432.85点。 宏观方面，11月18日，根据芝商所的美联储观察（FedWatch）工具，美联储12月降息25个基点的概率为42.9%，维持利率不变的概率为57.1%。美联储到 明年1月降息25个基点的概率为48.2%，维持利率不变的概率为35.6%，累计降息50个基点的概率为16.1%。 11月18日，美国劳工部官网显示，10月18日当周，美国首次申请失业救济的人数为23.2万人，10月18日当周续请失业金人数为195.7万人。 另外，根据ADP Research发布的数据，截至11月1日的四周内，美国企业平均每周减少约2500个就 ...

Core Insights - On November 17, the Qianwen App was launched for public testing, and its ranking on the iOS free chart rose from 45th to a peak of 6th on the same day [1] - Alibaba's AI strategy has primarily focused on B-end applications, emphasizing large models and cloud services, with the Tongyi model family having over 170,000 global derivative models, making it the model family with the most derivatives [1] - The launch of the Qianwen App signifies Alibaba's strong expansion into C-end applications, positioning it as a comprehensive AI assistant that aims to become a key entry point for C-end traffic in the AI era, integrating various user needs, preferences, and business data [1] Company Strategy - The Qianwen App is designed to cover a wide range of content creation and lifestyle service scenarios, including shopping, local living, and travel [1] - The app's development reflects Alibaba's intent to consolidate user engagement and streamline access to diverse services through a single platform [1]

【导读】纳指和道指跌幅超1%，亚马逊跌超4% 中国基金报记者 储是 对美股科技股泡沫和美国经济前景的担忧引发美股齐跌。同时，美联储降息预期降温，股票 市场承压。市场密切关注英伟达财报；拼多多业绩增速放缓，股价跌超7%。 三大指数深夜齐跌 美东时间11月18日（周二），市场对科技股估值过高的担忧情绪继续发酵，美股三大指数集 体收跌，纳指和道指跌幅均超过1%。 截至收盘，道琼斯指数下跌1.07%，报46,091.74点；标普500指数下跌0.83%，报 6,617.32点；纳斯达克指数下跌1.21%，报22,432.85点。 | 美股指数 它 | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标普500 | | 46091.74 | 22432.85 | 6617.32 | | -498.50 -1.07% | -275.22 -1.21% | -55.09 -0.83% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7793.00 | 24531.25 | 6627.75 | | +32.98 +0.42% | -347.75 -1.40% | -64.2 ...

【跟踪牛人动态】超3000名"专业选手"如何调仓？最牛选手单只标的浮盈超400% 【头条要闻】 全球市场恐慌发酵：美股科技股全线下挫，欧股跟跌，加密货币17万人爆仓，黄金拉升 这轮抛售反映出投资者对利率前景和科技股估值的持续担忧。英伟达将于周三公布财报，市场将借此检 验人工智能板块的高估值是否合理。随后周四公布的9月就业报告将为美联储政策走向提供重要线索。 全球市场周二遭遇广泛抛售，美股期货延续跌势，加密货币继续承压，投资者在英伟达财报和美国就业 数据等关键事件前大幅撤离风险资产，因持续担忧利率前景和科技股估值。在亚太市场中，日本遭遇股 债汇'三杀'，市场对政府支出忧虑加剧，且科技股抛售和地缘政治因素也拖累日本市场走势。 金融发力提振消费 北京出台重磅方案 百度首次披露！AI业务增长强劲 增速超50% 百度创始人李彦宏介绍称，第三季度，公司全方位展示了AI为业务带来的变革性价值。得益于越来越 多的企业采用百度的AI产品和解决方案，AI云保持了稳健的增长势头；萝卜快跑全无人运营规模加速 扩大，全球化脚步加快，已进入瑞士市场，同时保持了行业领先的安全标准；在移动生态中，智能体和 数字人等AI原生商业化产品带来收入 ...