On July 6, Tencent's wholly-owned subsidiary Tencent Mobility plans to sell approximately 273 million shares of Kuaishou through a block trade, with a price range of HKD 43.15 to HKD 44.53 per share, potentially cashing out up to about $1.6 billion.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Tencent Seeks to Sell Kuaishou Shares, Potentially Cashing Out Up to $1.6 Billion
-
Wechat scan to share
Recommended for you
-
BTC Falls Below $62,500
Market data shows that BTC has fallen below $62,500, currently priced at $62,483.84, with a 24-hour decline of 0.3%. The market is experiencing significant volatility, so please ensure proper risk management. -
BTC Falls Below $62,000
Market data shows that BTC has fallen below $62,000, currently priced at $61,994.09, with a 24-hour decline of 0.98%. The market is experiencing significant volatility, so please ensure proper risk management. -
Morgan Stanley: Fed Unlikely to Raise Rates in Second Half, May Even Cut Next Year
On July 6, Morgan Stanley's Chief Economist for China, Xing Ziqiang, shared his latest insights during a closed-door meeting on topics including the global AI financing boom, the direction of Federal Reserve policies, and the rebalancing of domestic demand in China. He pointed out that the main theme currently overshadowing global markets remains AI and energy. Major U.S. tech companies may raise nearly a trillion dollars through bond, equity, and loan markets over the next year to support their massive capital expenditures, significantly draining global micro liquidity and making markets more sensitive to changes in Fed interest rates. Regarding the Federal Reserve, Xing Ziqiang believes that market concerns about rate hikes are overstated, predicting that it is unlikely to raise rates in the second half of the year and may even continue to cut rates next year. However, the new Fed Chair Kevin Warsh's reduction of forward guidance and return to policy opacity will exacerbate financial market volatility. Turning to the Chinese economy, the GDP growth rate for the second quarter is expected to be around 4.4%, a noticeable decline from the first quarter. Xing Ziqiang suggested rebalancing from two aspects: in the short term, most export tax rebates for high-tech industries could be canceled and redirected to tax cuts for domestic consumption and services; in the medium to long term, strengthening social security to enhance the consumption power of the middle and low-income groups after redistribution is necessary. However, he predicts that the most likely main theme in the second half will not be large-scale direct consumption stimulus, but rather accelerating the use of over 2 trillion yuan in unused fiscal and local debt quotas for the construction of the 'six networks' related to technological independence and energy security. Additionally, Morgan Stanley's Chief Strategist, Laura Wang Ying, stated that the U.S. job market is not overheating, and the likelihood of a rate hike in July is minimal, with a potential shift to a rate-cutting cycle in the first half of 2027. She believes that stabilizing oil prices and reduced inflationary pressures are relatively favorable for risk assets; although short-term market volatility has increased, no fundamental changes have been observed. The AI supercycle and the supercycle of energy capital expenditures present multi-year opportunities. Regarding the Chinese market, she disagrees with concerns that the listing of mega-companies will squeeze liquidity, instead believing that such listings are likely to attract more investors. Furthermore, the national team has sold over 150 billion USD worth of A-share positions since the beginning of the year, possessing the strength to help smooth market volatility. -
Broadcom and Apple Extend Technology Partnership to 2031 with New Multi-Year Agreement
Documents from the U.S. Securities and Exchange Commission show that Broadcom (AVGO.US) and Apple (AAPL.US) have extended their technology collaboration to 2031 through a new multi-year agreement. Broadcom stated that it will develop and supply a range of custom ASIC silicon products for the manufacturing of multiple generations of Apple products. -
Goldman Sachs Raises AMD Price Target to $640
On July 6, Goldman Sachs raised the price target for AMD (AMD.US) from $450 to $640. -
Bank of Korea Warns: Single-Leveraged ETFs for SK Hynix and Samsung Electronics May Amplify Stock Market Risks
The Bank of Korea submitted a written report to the National Assembly, revealing that the rapid expansion of single-stock leveraged ETFs targeting Samsung Electronics and SK Hynix may be amplifying structural 'herding' and volatility risks in the South Korean stock market. The combined market capitalization of the two companies has significantly increased in terms of both market value and trading volume, with their market capitalization share rising from approximately 36.1% at the end of last year to over 55% recently, and trading volume share jumping from 27.9% to 63.5%. South Korean financial regulators have expressed similar concerns, emphasizing the need for continuous monitoring of the potential impact of these products on market stability and systemic risk. Single-target leveraged ETFs may exacerbate one-way capital flows under changing market sentiment, and if market conditions reverse, the combination of intraday rebalancing and derivatives hedging mechanisms could further amplify price volatility. -
1TB SSD Price Rises from 500 Yuan to 1000 Yuan
On July 6, according to reports, an investigation at the Baimaohui Computer City in Hangzhou revealed that the price increase of storage chips has fully transmitted from upstream to consumer terminals, with ordinary consumers facing significant price hikes for memory and storage drives. Some distributors mentioned that the prices of memory and solid-state drives have surged sharply, causing some panic, and they are hesitant to stock up too much. Reports indicate that the prices of certain solid-state drives and memory modules have doubled, with the price of a 1TB solid-state drive rising from around 500 yuan to approximately 1000 yuan. Additionally, an 8TB solid-state drive specifically for the PS5 is priced close to 20,000 yuan, which is enough to purchase three PS5 Pro consoles. This price surge, driven by structural capacity constraints due to the demand for AI computing power, is expected to continue until 2027. -
BlackRock Addresses Transfer Over 22,600 BTC to Coinbase in Past 6 Days
On July 6, according to OnchainLens monitoring, a BlackRock address recently transferred 2,265.685 BTC to Coinbase, valued at approximately $142.45 million. Over the past 6 days, BlackRock has cumulatively transferred 22,624.685 BTC to Coinbase, with a total value of around $1.42 billion. -
China Merchants Securities Approved for Public Issuance of Up to 70 Billion Yuan in Corporate Bonds
On July 6, China Merchants Securities announced that it has recently received approval from the China Securities Regulatory Commission regarding the public issuance of corporate bonds to professional investors. The approval allows the company to issue bonds with a total face value not exceeding 70 billion yuan. This issuance must be conducted strictly in accordance with the prospectus submitted to the Shanghai Stock Exchange, and the approval is valid for 24 months from the date of registration. The company may issue the bonds in installments within this validity period. -
NVIDIA's Core Energy Ecosystem Partner: '800V is Progressing Normally'
On July 6, according to 21st Century Business Herald, AI servers are increasingly power-hungry, pushing data centers to the brink of a power supply transformation. The 800V high-voltage direct current was originally seen by NVIDIA as a key piece for the next generation of AI data centers, but it has recently fallen into controversy over 'delayed mass production': Are cloud providers unwilling to pay, or is there a misjudgment of the pace from the outside? According to core energy ecosystem partners like Delta and ABB, the 800V solution is still progressing normally. However, the speed of this power supply revolution may not be determined solely by NVIDIA, but rather by an entire energy infrastructure supply chain that is still maturing. Morgan Stanley stated that NVIDIA has clearly indicated at the GTC Taipei conference that the development of 800VDC is on track, with supporting power racks expected to be ready for mass production by the third quarter of 2026. Additionally, core supplier Delta Electronics is also expected to deliver initial small batches of 800V independent power cabinets to leading cloud providers in North America by the fourth quarter of 2026.
Daily Must-Read
-
From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
-
From AI Router to Agent Economy Network: How UniKey Builds the Next Generation of AI Infrastructure
-
SuperStrike: As AI Takes Over Financial Decision-Making, A New Era of Wealth Creation Begins
-
The largest IPO in history! Panoramic analysis of SpaceX's IPO: trillion dollar valuation, track change, and Musk's trillion dollar net worth
-
The 90 trillion yuan track is officially legalized: the United States opens up perpetual contracts on the blockchain, and encrypted finance completely rewrites the global trading landscape
-
PayStill Enters the Pure PAYS Era: A Value Aggregator Embarking on a New Growth Cycle
All Comments