$Vipshop(VIPS)$ Management guided 3Q revenue to decline 5-10% YoY versus consensus expectation of flat YoY. Company has seen declining GMV over past few quarters which reflect slowdown in China e-commerce
$NVIDIA Corp(NVDA)$ bought after US Markit PMI and ahead of ISM Services data. Data shows US recession risk might not be that bad, let's see. Short term day trade 10% I'll take it first
$XPeng Inc.(XPEV)$ Company once again delivers less cars versus industry. Really don't understand why CNY period $Li Auto(LI)$ can deliver 3k cars yet Xpeng only deliver 100... 100 cars u might as well go bankrupt... No economies of scale...
If you look into the 4Q results only, online ads revenue fell 13% yoy, worse than market expectations of -5% yoy. Opex is also worse than expected. 4Q results is disasterous. Prosus (Tencent proxy) is already down 5%. Tmr 700 HK is going to fall too, outlook for Tencent looks very challenging compared to other tech names...