Wang Ning von Pop Mart wird der neue reichste Mann in Henan; Der Keimgehalt von Mixue Bingcheng übersteigt die Norm; Bei einem Flugzeugabsturz in Indien sind mindestens 265 Menschen ums Leben gekommen; Musk bereut die zuvor veröffentlichte Trump-Beiträge | Zusammenfassung der Marktentwicklung in einer Woche
Weekly Market Review
A-shares
This week, A-shares generally showed a trend of rising first and then falling. The Shanghai Composite Index fell 0.25% this week, the CSI 300 also fell 0.25% during the week, and the STAR 50 Index fell 1.89%. In terms of sectors, pharmaceutical stocks performed brightly. Sectors such as national defense and military industry, gold, oil, and shipping ports frequently strengthened under the influence of changes in the international situation.
Hong Kong Stocks
This week, Hong Kong stocks showed a differentiated trend. The Hang Seng Index fell 0.47%, and the Hang Seng Tech Index fell 0.89%. In terms of other indexes, the China Securities Hong Kong Stock Connect Medical and Health Comprehensive Index rose 9.1%, and the China Securities Hong Kong Stock Connect Internet Index rose 0.8%. Looking at different sectors, pharmaceutical stocks rose collectively, while technology stocks fluctuated and adjusted.
U.S. Stocks
This week, U.S. stocks generally fell. The Dow Jones Industrial Average fell 1.32%, the Nasdaq Composite Index fell 1.30%, and the S&P 500 Index fell 0.39%. In terms of sectors, the consumer discretionary sector, the utilities sector, the healthcare sector, and the energy sector had certain increases.
Weekly Good News
Wang Ning, the founder of Pop Mart, becomes the new richest man in Henan. A mint-colored LABUBU was sold for 1.08 million yuan
On the morning of June 8th, according to the Forbes Real-Time Billionaires List, Wang Ning, the founder of Pop Mart, currently has a net worth of $20.3 billion, becoming the new richest man in Henan. On June 10th, a globally unique mint-colored LABUBU was unveiled at the Yongle 2025 Spring Auction. The hammer price was 1.08 million yuan, and the auction has ended.
Wei Dongyi's fan growth rate is certified by the Guinness World Records, with 440 new fans per minute
Recently, Wei Dongyi, a teacher at the School of Mathematical Sciences of Peking University, attracted public attention after he joined a short-video platform and posted a video. Currently, the number of fans of Wei Dongyi's account is approaching 25 million, and the number of likes on his videos is approaching 15 million. It is understood that Wei Dongyi's account was opened on June 4th. In just three days, the number of fans of his Douyin account soared from 0 to more than 19 million, with an average of 440 new fans per minute. (Qilu Evening News)
Tencent Music plans to acquire 100% of Himalaya's equity for $1.26 billion
On the evening of June 10th, Tencent Music Entertainment Group announced that it had signed a merger agreement with Himalaya, planning to acquire 100% of Himalaya's equity with a combination of $1.26 billion in cash (approximately RMB 9.052 billion) and equity. After the transaction is completed, Himalaya will become a wholly-owned subsidiary of TME.
Dong Mingzhu and Meng Yutong are in the same frame again after two weeks and will attend a store opening event On June 9th, Gree and Meng Yutong simultaneously released a preview, stating that on June 10th, Dong Mingzhu, Du Haitao, and Meng Yutong would jointly participate in the opening event of Dong Mingzhu's Healthy Home in Changsha. It has only been about two weeks since the last time Dong Mingzhu and Meng Yutong were in the same frame. (Blue Whale News)
ByteDance announces its core talent concept: evaluate potential rather than seniority
On June 11th, ByteDance posted an article sharing its six core talent concepts, aiming to create a high-density talent environment and promote the company's continuous innovation and development. ByteDance believes that outstanding talents are the key to the company's success. By working with excellent people on challenging tasks, the potential of the team can be stimulated, and the organization can remain agile and flexible. (IT Home)
Wuliangye: In the future, it will accelerate the development of youth-oriented products based on market conditions
According to 36Kr, Wuliangye stated on the interactive platform on June 8th that the company already has youth-oriented products, such as 39-degree Wuliangye and the plum wine of Xianlin Ecological Company. In the future, the company will accelerate the development of youth-oriented products based on market conditions. At the same time, the company's products are sold in multiple countries. The "Harmony and Beauty Global Tour" event has successively visited 13 countries and regions. In the future, the company will continue to actively expand overseas markets.
Starbucks cuts prices of dozens of products, with an average price reduction of about 5 yuan
Starting from June 10th, Starbucks' three major flagship product categories - Frappuccino, Iced Shaken Tea, and Tea Latte, with a total of dozens of products, will collectively launch new summer "heartwarming prices". Taking the large cup as an example, the average price reduction reaches about 5 yuan, with the lowest price being only 23 yuan. In terms of product innovation, Starbucks will also continue to focus on the "non-coffee" scenario. On June 17th, Starbucks China will collaborate with the popular "Zootopia" from Disney to launch three new co-branded Iced Shaken Teas, and the Tea Latte will also introduce more new flavors. (Beike Finance)
Apple officially announces its largest design update to date
On June 9th, Apple held the WWDC 2025 Global Developers Conference and officially announced its largest design update to date, named "Liquid Glass". Specifically, "Liquid Glass" can refract light and dynamically respond to the user's actions through specular highlights, which can cooperate with the user's operations such as invoking options or switching interfaces, and subtly echo the rounded corners of the device. With the layering effect of Liquid Glass, whether it is the light mode, the dark mode, the new colorful tones, or the new transparent appearance, they all come to life. It is worth noting that Apple will also change the names of all its operating systems to version 26. (Sina Technology)
Sam Altman: OpenAI cuts the price of its new model o3 by 80%
On June 10th, Sam Altman, the CEO of OpenAI, posted on social media that the price of the o3 model had been cut by 80%. (Jiemian News)
Weekly Bad News
An Indian plane crash kills at least 265 people, with only 1 survivor on board
On the afternoon of the 12th, a Boeing 787 airliner of an Indian airline crashed after taking off from the western Indian state of Gujarat. The crashed airliner carried 242 people. The latest data released by the Indian police shows that at least 265 people died in this accident. On the 12th local time, Amit Shah, the Indian Minister of Home Affairs, confirmed that only one passenger on board survived the accident. The relevant authorities are collecting DNA samples from the relatives of the passengers on board, and the list of the deceased will be announced after the DNA testing is completed. In addition to the people on board, the accident also caused casualties on the ground. An official from the health department of Gujarat said after the accident that at least 50 people on the ground had been sent to the hospital for treatment. At the early morning of the 13th Beijing time, the Indian Ministry of Civil Aviation announced that the on-site search and rescue operation for this accident had ended. (CCTV News)
Mixue Bingcheng is reported for excessive bacteria content
According to the Southern Daily, on June 9th, the Food Safety Center of the Food and Environmental Hygiene Department of the Hong Kong Special Administrative Region Government (hereinafter referred to as the "Center") announced that the coliform bacteria content and the total bacteria content of a frozen dessert sample exceeded the legal limits. It is reported that the involved store is a Mixue Bingcheng store in the Fortune Centre in Sha Tin. A spokesperson for the Center said that the Center had taken the above sample from a retail store in Sha Tin for testing. The results showed that the coliform bacteria content of the sample was 170 per gram, and the total bacteria content was 75,000 per gram, exceeding the legal limits in Hong Kong. The Center has informed the relevant merchant of the above violations. The relevant merchant has stopped selling and discarded the relevant food as instructed by the Center. The Center has also provided food safety and hygiene education to the relevant merchant's responsible person and employees and has required the relevant merchant to conduct thorough cleaning and disinfection. If there is sufficient evidence, the Center will initiate prosecution. (Xinhua Daily)
The CEO of Nezha Automobile is surrounded by employees demanding salary payment, and the company faces internal turmoil
According to reports, on June 12th, Nezha Automobile's headquarters announced that employees would work from home starting from that day. Fang Yunzhou, the chairman of the company, had gone to Tongxiang City, Zhejiang Province. This move was a decision made for internal adjustment. The office access control system failed, and employees needed to report to the relevant local departments and the property management department through the administrative department if they wanted to move their personal belongings. This news was revealed by an insider at Nezha Automobile and was confirmed by an on-the-job employee.
According to another report, on June 11th, a video showed that many employees were sitting in front of the new office of Fang Yunzhou, the chairman and CEO of Nezha Automobile, demanding salary payment. In the video, Fang Yunzhou said that he wanted to have a chat and asked, "Why has it come to this when we've all worked in the company together?" After saying that, Fang Yunzhou walked into the office. After hearing Fang Yunzhou's words, many employees demanding salary payment retorted, "What kind of attitude is this?" In another video, Fang Yunzhou said a few words briefly and then closed the door. As early as the end of May, the logo of Nezha Automobile's Shanghai headquarters was removed overnight, and then the office location was also moved elsewhere. On the first day of operation of the new headquarters, a video of employees demanding salary payment was circulated. (GuanDianWang, JRRJ)
The project director of Tesla's humanoid robot is leaving
People familiar with the matter said that Milan Kovac, the engineering director of Tesla's Optimus humanoid robot project, is about to leave. He informed the team on Friday local time that he would leave immediately. Ashok Elluswamy, the head of Tesla's Autopilot, will take over the project. Kovac later confirmed the news of his departure on X, saying that it was "the most difficult decision in my life" and that he hoped to spend more time with his family. (Sina Finance)
U.S. inflation may rise slightly, and the impact of tariffs is starting to be passed on to consumers
In May, U.S. consumers may have experienced a slightly rising inflation rate, especially in the commodity category, as companies gradually passed on the high import tariff costs to the final prices. According to a survey of economists by an institution, after excluding the volatile food and energy sectors, the prices of goods and services rose 0.3% month-on-month in May, the largest increase in four months, while the core consumer price index (CPI) rose 0.2% month-on-month in April. Before the policy meeting on June 17th - 18th, Federal Reserve officials will conduct their last assessment of the inflation trend and the impact of tariffs through the inflation report on Wednesday and the PPI data released the next day. (Sina Finance)
Thai durian exporters: Durian prices are at the lowest level in years
This year, the main durian-producing areas in Thailand have entered a "bumper season", and the durian production is expected to increase by more than 30% compared with last year. Thai durian exporters said that due to the large-scale listing of durians and the increase in durian production in neighboring Vietnam, the durian prices this year are the lowest in years. Thai durian traders specifically mentioned that transportation methods such as the China-Laos Railway are stable and efficient, effectively reducing the transportation losses of durian exports from Southeast Asia. (CCTV Finance)
VinFast, a Vietnamese electric vehicle manufacturer, saw a 296% year-on-year increase in delivery volume in the first quarter, with a net loss of nearly $712 million
On June 10th local time, VinFast, a Vietnamese electric vehicle manufacturer, announced its first-quarter operating results. It delivered a total of 36,330 electric vehicles, a year-on-year increase of 296%, exceeding the total delivery volume in the first half of last year. In the first quarter, VinFast's total revenue reached 16,306.4 trillion Vietnamese dong (approximately $657 million), a year-on-year increase of 149.9%; the quarterly net loss was 176,938 billion Vietnamese dong (approximately $712 million). (Jiemian News)
IPO Message Board
Ongoing Listings
Anjing Food
According to the Hong Kong Stock Exchange, Anjing Food Group Co., Ltd. passed the listing hearing of the Hong Kong Stock Exchange.
October Rice
October Rice announced that on June 10th, the company received a record-filing notice from the China Securities Regulatory Commission regarding its application for full circulation of H shares, and the record-filing process was completed.
Sanfu Outdoor
Sanfu Outdoor announced that its application for issuing stocks to specific investors was approved by the Listing Review Center of the Shenzhen Stock Exchange.
Chow Tai Fook Jewellery Group
Chow Tai Fook Jewellery Group announced that the company plans to issue overseas-listed foreign shares (H shares) and apply for listing on the Main Board of the Hong Kong Stock Exchange to promote its global strategic layout, enhance its international brand image and comprehensive competitiveness, and strengthen its connection with overseas capital markets.
Xiangjiang Electric Appliance
According to the Hong Kong Stock Exchange, Hubei Xiangjiang Electric Appliance Co., Ltd. passed the listing hearing of the Hong Kong Stock Exchange. Guojin Securities (Hong Kong) Co., Ltd. is the sole sponsor.
Huichuan United Power
The Listing Committee of the Shenzhen Stock Exchange announced that the initial public offering application of Suzhou Huichuan United Power System Co., Ltd. was approved.
Jiehuat Microelectronics
Documents from the Hong Kong Stock Exchange show that Jiehuat Microelectronics Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange.
Yilian Biologics
People familiar with the matter revealed that Yilian Biologics has hired China International Capital Corporation, J.P. Morgan, and Morgan Stanley to arrange its proposed initial public offering (IPO) in Hong Kong. The company is seeking to raise more than $100 million through the IPO. The relevant considerations are still ongoing, and the details may change.
Market News
Elon Musk regrets his posts about Donald Trump
On the 10th local time, Elon Musk, an American entrepreneur and former head of the Department of Government Efficiency, posted on the social platform X that he regretted the posts he made about U.S. President Donald Trump last week. "I regret some of the posts I made about President Trump last week. It was too much."
On the 5th of this month, Trump and Musk had a "war of words" and attacked each other fiercely. When Trump was interviewed by CNN on the 6th, he said, "He (Musk) has problems, and I won't talk to him for now." On the 7th, Trump told the media that the relationship between the two had ended. In addition, during the fierce public dispute with Trump, Musk posted a message on social media suggesting that Trump was related to the "Epstein case". However, many netizens found on the 7th that this post had been deleted by Musk. On June 11th local time, U.S. President Donald Trump responded to Musk's apology, saying, "I think it's very good of him to do so." (Global Times, CCTV News)
Many places issue documents to encourage 2.5-day vacations and implement a 4.5-day flexible work system
"Implement a 4.5-day flexible work system and encourage regions with conditions to promote a 2.5-day vacation model that combines Friday afternoons with weekends." Recently, such a statement appeared in the "Work List for the Special Action to Boost Consumption in Mianyang City in 2025" issued by the Mianyang Commerce Bureau in