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Citigroup: Pinduoduo, which operates retail platform Temu, is likely to continue to face short-term disadvantages. Maintain the neutral rating of ADR in Pinduoduo and set the target price of ADR in Pinduoduo at $125.00. Note: The latest ADR report in Pinduoduo is $103.42.Spring Festival travel rush's first day train tickets will be sold on 31st of this month. The student booking service was launched today. It was learned from China State Railway Group Co.,Ltd. today (12th) that Spring Festival travel rush will be launched on 14th of January next year in 2025, and Spring Festival travel rush's first day train tickets will be sold on 31st of this month. In view of students booking tickets during Spring Festival travel rush, Railway 12306 launched a new function today.Israel's Mossad Director held talks with Qatar's Prime Minister on promoting the ceasefire negotiations in Gaza. Two Israeli sources revealed that Israel's Intelligence and Secret Service (Mossad) Director Barnea visited Doha, Qatar, on the 11th and held talks with Qatar's Prime Minister and Foreign Minister Mohammad. The two sides focused on promoting the ceasefire negotiations in Gaza.

Hua Fu Securities completed the capital increase and share expansion of over 4.7 billion yuan, and the Shanghai United Assets and Equity Exchange issued a closing announcement: the capital increase and share expansion project of Hua Fu Securities was launched. There were 17 participants in this capital increase, including 4 original shareholder units and 13 new investors, with a total investment of about 4.757 billion yuan. According to China, a brokerage firm, Hua Fu Securities' capital increase and share expansion has attracted wide attention in the market, becoming the largest equity financing case in the securities industry this year.According to the Japan News Agency, Japan's House of Representatives is expected to pass an additional budget for fiscal year 2024 on Thursday.Market news: Britain is considering the largest auction of renewable energy subsidies in history.

Li Bin: Fang Hongbo, chairman of Midea, will be the chief experience officer of Weilai ET9 and will test drive together. Li Bin, founder, chairman and CEO of Weilai, announced that Weibo said that Fang Hongbo, chairman of Midea, will be the chief experience officer of Weilai ET9 and test drive this upcoming administrative flagship together. Li Bin said that he asked Fang Hongbo three questions, and Fang Hongbo's answer about market competition was very good: "Actively participate in involution, compare cost and efficiency, and at the same time bravely jump out of involution, don't roll on the floor, and pierce the ceiling." (Sina Technology)Citigroup: Pinduoduo, which operates retail platform Temu, is likely to continue to face short-term disadvantages. Maintain the neutral rating of ADR in Pinduoduo and set the target price of ADR in Pinduoduo at $125.00. Note: The latest ADR report in Pinduoduo is $103.42.Employees demand to pay social security. Xia Yiping: The problems are all being solved. If you escape, you won't come. Some netizens posted a video showing that Xia Yiping, CEO of Ji Yue, was surrounded by employees in the company, and some employees shouted at Xia Yiping: "Take out your savings and pay social security to employees." Some employees at the scene said that if social security is broken, how many people will be affected, don't talk empty talk. Xia Yiping responded that knowing that everyone is very angry, everyone has followed us for so long, and I am very grateful. "These problems are being solved. Now I am communicating with you. If I escape, I will not come." Xia Yiping, CEO of Extreme Vietnam, issued an internal letter on the afternoon of the 11th, acknowledging that the company was encountering difficulties and needed immediate adjustment. (Sina Technology)