Industry

  • American Semiconductor Industry Association: In the second quarter, global semiconductor sales totaled US$124.5 billion, a month-on-month increase of 4.7%, a year-on-year decrease of 17.3%, and global sales in June increased by 1.7% month-on-month.
  • TechInsights: In the second quarter, China’s smartphone shipments fell by 5% year-on-year and rose by 2.9% quarter-on-quarter. The decline rate was narrower than the previous quarters, marking the beginning of the stabilization and recovery cycle of China’s smartphone market in the next few quarters. In terms of manufacturers, OPPO ranked first in terms of market share, followed by vivo, Honor and Apple, and Xiaomi ranked fifth with the largest drop.
  • Global container trade may shrink by 4% this year.
  • Morgan Stanley: Nvidia has soared by more than 200% this year. If this is used as a weather vane for the AI ​​stock bubble, then the big bull market is close to its peak, and the current rally is in the “end.”
  • Aletheia: It is estimated that the AI server market will double in 2024 and reach $135 billion in 2025. GPU accounts for the highest cost in AI servers, and the GPU market will triple by 2025 compared to 2023. It is estimated that the compound annual growth rate of Nvidia’s data center business revenue will reach 85% in 2023-2026.
  • TrendForce: In the first ten days of August, the average price of panel products of various sizes for monitors and notebooks remained the same as that of the previous period. Among them, the current average price of 65-inch TV panels is US$165, an increase of US$3 compared with the previous period. The lowest offer was $163 and the highest offer was $181.
  • SensorTower: Released “Insight into the Global Popular Mobile Game Theme Market in 2023”, the annual revenue of arena and adventure mobile games both exceeded US$4.7 billion, and the revenue of post-apocalyptic mobile games increased by 90% year-on-year. Representative games include “Honor of Kings王者荣耀” and “Genshin Impact元神”.

Industry China

  • GGII: It is estimated that the compound annual growth rate of China’s small-power lithium battery market will exceed 30% from 2022 to 2027, making it one of the fastest growing lithium battery market segments. By 2027, China’s lithium battery two-wheeler shipments will reach 28 million, and the lithium battery penetration rate will approach 40%.

China

  • Foreign Exchange Bureau: At the end of July, the scale of foreign exchange reserves was US$3,204.3 billion, an increase of US$11.3 billion from the previous month. Gold reserves were at 68.69 million ounces, rising for the ninth straight month.
  • Since the implementation of “Macau cars going north澳车北上” and “Hong Kong cars going north港车北上”, the number of entry and exit vehicles at the Zhuhai Highway Port of the Hong Kong-Zhuhai-Macao Bridge has continued to rise. On August 6, the number of entry-exit vehicles inspected by the station exceeded 10,000 in a single day for the first time, reaching 10,300, which was the tenth time this year that the port’s single-day record was set.
  • Shanghai: The notice of “Shanghai Clean Air Action Plan上海市清洁空气行动计划” was issued to accelerate the electrification of vehicles in the public sector, encourage the electrification of private passenger vehicles, and continue to promote the demonstration, pilot and promotion of pure electric and hydrogen fuel cell heavy-duty freight vehicles. By 2025, the total application of fuel cell vehicles will strive to exceed 10,000, and pure electric vehicles will account for more than 50% of newly purchased vehicles by individuals. Strive to have non-fossil energy account for 20% of total energy consumption by 2025.

Company

  • Douyin抖音: In the first half of the year, the payment GMV exceeded 100 billion yuan, mainly contributed by the in-store business 到店业务and the wine travel business酒旅业务, which was less than 1/2 of the GMV of the same business of Meituan. In 2023, the GMV target of Douyin Life Service’s in-store + hotel and travel business is 290 billion yuan.
  • OnlyAccounts.io: TikTok was the fastest-growing company in digital advertising revenue last year, with a growth rate of 155%. That growth rate is four times that of Apple and seven times that of Amazon. For TikTok, online advertising is its main source of income.
  • Poly Development: In July, the contracted area was 1.7865 million square meters, a year-on-year decrease of 13.65%; the contracted amount was 31.002 billion yuan, a year-on-year decrease of 6.06%. From January to July, the company realized a contracted area of 15.6173 million square meters, an increase of 3.14% year-on-year; the contracted amount was 267.823 billion yuan, an increase of 10.12% year-on-year.
  • TSMC: The 4th tranche of unsecured ordinary corporate bonds, with a total issuance amount of NT$15.9 billion (approximately RMB 3.6 billion), will be used to build and expand plant equipment.
  • The user deposits of the Apple version of “Yu’e Bao余额宝” reached US$10 billion. Apple announced that since the Apple Card Savings high-yield savings account in cooperation with the US investment bank Goldman Sachs was officially launched, the Savings service has attracted more than US$10 billion from users. deposits.
  • BMW: According to BMW’s second quarter performance report, BMW’s quarterly revenue reached 37.22 billion euros, a year-on-year increase of 7%, of which the automotive sector’s revenue was 31.63 billion euros, a year-on-year increase of 5.4%. Quarterly EBIT was EUR 4.38 billion, up 28% from a year earlier.
  • British Financial Times: Since the Russia-Ukraine conflict, major European companies have suffered direct losses of at least 100 billion euros in Russia. From the data of 600 European companies’ 2022 annual reports and 2023 financial reports, 176 companies recorded losses on asset impairment, foreign exchange-related expenses and other one-time expenses due to the sale, closure or reduction of Russian operations.
  • Shopee and Lazada support Chinese passports to open local stores in four Southeast Asian countries.
  • MSC has announced that it has joined a new consortium ‘SEA-LNG’ to support cross-industry collaboration to accelerate the mass adoption of net-zero fuels. (The SEA-LNG alliance is a cross-industry alliance covering the entire upstream and downstream value chain of the shipping industry.)
  • On the 6th, Musk announced on his social platform X that the agreed fight between him and Meta CEO Mark Zuckerberg will be broadcast live on the X platform. Zuckerberg said he was ready to fight, proposing August 26, but Musk has yet to set a date.

World

  • United States: According to Bloomberg, about 2/3 of investors expect the U.S. economy to decline before the end of next year, and about 20% of investors even believe that the U.S. economy will decline this year. 47% of investors believe that there is a bubble in the current bull market. Nearly 3/4 of investors expect that the personal consumption expenditure index will maintain a level above 3% in the next 12 months, or rebound to a level above 3% after a short-term decline. The U.S. personal consumption expenditures index is currently at 4.1%, the lowest since 2021.
  • Canada: According to data released by the Statistics Bureau, Canada’s GDP fell by 0.2% in June, the first contraction this year, with wholesale and manufacturing the largest declines, after GDP growth of 0.3% in May. Monthly data, including a 0.1% rise in April, showed second-quarter GDP growth at an annualized rate of 1%.
  • GERMANY: The 30-year bond yield rose 8 basis points to 2.71%, surpassing the year-to-date high set in March.
  • South Korea: Yonhap News Agency reported that South Korea’s electricity demand is expected to reach 92.9 gigawatts in the afternoon of August 7-8, setting a record high for this summer. The peak power consumption period of the day is from 5:00 pm to 6:00 pm, and the backup power is 11.432 GW, which can ensure a stable power supply.
  • Thailand’s Ministry of Commerce: Thailand is benefiting from India’s rice export ban, and there is no reason to stop the country’s exports because there is enough production to meet exports and domestic consumption. India’s ban presents an opportunity for Thai rice producers, especially in Africa, which consumes a lot of Indian rice. Global prices have risen as production has fallen due to India’s export ban, allowing farmers to sell rice at a higher price.
  • Thailand: According to data released by the Ministry of Tourism and Sports, in the first seven months of this year, the total revenue of Thailand’s tourism industry was 1.08 trillion baht, of which foreign tourists contributed 638.16 billion baht. In the first seven months, the number of foreign tourists entering Thailand exceeded 15 million, a year-on-year increase of 384%.