China Merchants CSI Global China Internet ETF(QDII)(513220.SH)

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China Merchants CSI Global China Internet ETF(QDII)
513220.SH
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Accurately predicting potential bestsellers, reconstructing the global retail order, the report shows that Temu's global market share has caught up with Amazon

PDD's e-commerce platform Temu has matched Amazon's global market share, reaching 24%. According to a report released by the International Postal Company, Temu has rapidly grown since its launch in 2022, and it is expected that by 2025, its market share will be nearly equal to that of Amazon. The report shows that consumer confidence in cross-border online shopping remains high, despite changes in customs policies reshaping the global e-commerce supply chain. Shein and AliExpress also hold a certain market share

Wallstreetcn·
US
XRT
+1.77%
US
IBUY
+0.95%
US
PDD
+1.40%
Wallstreetcn·
US
XRT
+1.77%
US
IBUY
+0.95%
US
PDD
+1.40%

China’s hotels allege predatory pricing, forced exclusivity in Trip.com antitrust probe

China's hotels are facing declining room rates due to Trip.com's aggressive discounting strategies, which are seen as predatory pricing. This has led to an antitrust investigation by Beijing, as many hoteliers claim they must cut prices to remain visible on the platform. Trip.com, which controls 56% of China's online travel market, is accused of monopolistic practices, including forced exclusivity arrangements that limit hotels' ability to list on competing platforms. The situation has resulted in stagnant profitability for hotels despite a rebound in travel demand, raising concerns about deflation in the sector.

Businesstimes News·
US
TCOM
+2.70%
HK
09961
+0.46%
Businesstimes News·
US
TCOM
+2.70%
HK
09961
+0.46%

The State Administration for Market Regulation released the top ten typical cases of comprehensive rectification of "involution-style" competition in 2025

The State Administration for Market Regulation released the top ten typical cases of comprehensive rectification of "involution-style" competition for 2025, including: interviewing Huolala based on the Anti-Monopoly Law, risk warning and rectification in the photovoltaic industry, investigating false advertising cases, interviewing food delivery platforms, implementing defect investigations and recalls for mobile power products, conducting quality supervision of new energy vehicles, advertising compliance assistance for enterprises, strengthening the validity of certification results, formulating international standards, and promoting fair competition reviews

Wallstreetcn·
SZ
300042
+0.77%
Wallstreetcn·
SZ
300042
+0.77%

In the Hong Kong stock market, the Hang Seng Index fell 39 points in the first half of the day, Anta dropped over 5%, and SMIC HUA HONG SEMI rose

The Hong Kong stock market opened softly, with the Hang Seng Index down 39 points at 26,447 points. The National Index fell 24 points, while the Hang Seng Tech Index rose 8 points. The total turnover was HKD 127.653 billion. Anta dropped over 5%, while SMIC rose 4.7%. Baidu's stock price increased by 3.3% due to a target price adjustment. Technology stocks showed mixed performance, with Tencent slightly down 0.2% and Alibaba up 1.1%. In the automotive sector, BYD rose 1.1%

AASTOCKS·
HK
01347
+5.17%
HK
00HSI
+0.37%
HK
09888
+3.29%
AASTOCKS·
HK
01347
+5.17%
HK
00HSI
+0.37%
HK
09888
+3.29%

Hong Kong stocks closed｜Three major indices fell, technology sector under pressure, POP MART rose 9.07% against the trend

On January 20th, Hong Kong stocks closed lower, with all three major indices retreating. The Hang Seng Index fell by 0.29%, and the Hang Seng TECH Index's decline widened to 1.16%, reflecting short-term pressure on the technology sector. Market hotspots showed divergence, with significant differentiation among leading stocks; growth-oriented technology stocks faced pressure, while some stocks in the consumer and pharmaceutical sectors performed strongly. In terms of popular stocks, POP MART rose against the trend by 9.07%, indicating opportunities for differentiation in the consumer sector. The overall market adjustment pattern continued, with short-term sentiment being cautious and funds focusing on structural themes and performance-driven stocks

Market Heartbeat·
HK
09992
-1.42%
HK
00700
+0.25%
HK
09988
+2.19%
Market Heartbeat·
HK
09992
-1.42%
HK
00700
+0.25%
HK
09988
+2.19%
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