digital currency in africa, Top stories

Alibaba Cloud Yuan Qian: Overseas income has increased 20 times in five years. On December 10th, at the international business development exchange meeting in Alibaba Cloud, Yuan Qian, general manager of Alibaba Cloud Intelligent International Division, revealed that Alibaba Cloud's overseas income has increased 20 times in five years, and it has served 4 million customers worldwide. She said that compared with overseas competitors, Alibaba Cloud's advantage lies in its local compliance, especially its highest compliance certification in Saudi Arabia, followed by its products and competitiveness. In addition, Alibaba Cloud has also invested a lot in services and ecology.Tang Shuangning, the former chairman of China Everbright Group, was sentenced to 12 years in prison for corruption and bribery. On December 10, 2024, the Intermediate People's Court of Tangshan City, Hebei Province publicly pronounced the case of Tang Shuangning, the former party secretary and chairman of China Everbright Group Co., Ltd., sentenced the defendant Tang Shuangning to five years in prison for corruption and fined him 200,000 yuan. He was sentenced to 10 years and six months in prison for accepting bribes and fined him 1.1 million yuan. He decided to execute a 12-year prison term and concurrently imposed. The property and fruits of Tang Shuangning's crime shall be recovered according to law and returned to the injured unit or turned over to the state treasury. (CCTV News)Zhonglvdian: The company has not launched the financing business of Reits yet. Zhonglvdian (000537) said in an institutional investigation on December 10th that up to now, the company has not launched the financing business of Reits yet, but it will continue to strengthen the research and demonstration of diversified financing methods such as public offering of Reits, and rationally arrange the company's capital structure according to the company's business development needs and capital needs, and select financing tools suitable for itself in a targeted manner to meet the needs of project development and construction.

Foreign capital is buying! Wall Street traders "lay out A shares" have gained huge floating profits. The latest data shows that Wall Street traders are "laying out A shares" through large call options. The data shows that from November 29th to last Friday, Wall Street traders bought nearly 180,000 Direxion Daily FTSE China Bull 3x Shares ETF (Yinn) call options. Wall Street traders also bought about 210,000 Direxion Daily CSI 300 China A Share Bull 2x Shares (code CHAU) call options last week. Among them, CHAU did twice as much as the CSI 300 Index, while YINN did three times as much as the FTSE China A50 Index. U.S. stocks closed overnight, and YINN and CHAU rose by more than 23% and 13% respectively. According to calculation, the book income of the buyers of the above-mentioned YINN and CHAU call options contracts has reached 138 million dollars (about 1 billion yuan). Today, the A-share market opened, and the three major indexes all opened sharply higher. The GEM index rose above 4% at first, and then the market suddenly changed, and the three major indexes quickly fell back. At the close, the Shanghai Composite Index rose by 0.59%, the Shenzhen Composite Index rose by 0.75%, and the GEM index rose by 0.69%. Looking forward to the A-share market outlook, institutional analysis believes that macroeconomic policies are expected to maintain a positive tone of overweight and countercyclical adjustment, and institutional funds, active funds and retail funds are expected to resonate, driving the A-share "year-end and year-end market" to continue to be interpreted.The Ministry of Foreign Affairs of Qatar confirmed the resumption of mediation in the conflict in Gaza. On December 10th, local time, Majid Ansari, a spokesman for the Ministry of Foreign Affairs of Qatar, said at a regular press conference that Qatar was in contact with relevant participants in the ceasefire negotiations in Gaza and exchanged views through talks and telephone calls. Ansari said that Qatar has recently felt some positive factors that are conducive to the advancement of negotiations. He also said that positive contact does not mean that positive results will definitely be achieved. Ansari also said that in order to reach an agreement, it is necessary to put pressure on both sides of the negotiations, rather than just putting pressure on one side and favoring the other. The Ministry of Foreign Affairs of Qatar has previously stated that Qatar suspended its mediation work in Gaza conflict in November because of the willingness and attitude of both parties to the conflict in Gaza to participate in the negotiations, and Qatar will resume its mediation work only after the parties concerned express their "sincerity and seriousness". Since the current Palestinian-Israeli conflict broke out, with the mediation of Qatar, Egypt and the United States, Israel and Palestinian Islamic Resistance Movement (Hamas) have held several rounds of negotiations. However, apart from the short-term ceasefire between Palestine and Israel in November last year and the release of some detainees, there has been no substantial progress in several rounds of negotiations. (CCTV News)Guotai Junan Wang Zhengzhi: IPO issuance is expected to pick up next year. It is estimated that 150~210 IPOs will be issued throughout the year. Wang Zhengzhi, chief analyst of Guotai Junan IPO research, made the latest interpretation of IPO new share strategy next year at the 2025 strategy meeting. Wang Zhengzhi said that in 2024, many measures were taken to promote the high-quality development of IPO, and the issuance speed increased slightly after the third quarter. It is expected that the issuance speed of new shares will pick up in 2025. The data shows that as of the end of November, there were 89 new shares listed in 2024, which was at a low level since 2019, and the issuance speed increased slightly after the third quarter. In 2024Q4IPO accepted and released the warming signal. In 2025, the pace of stock issuance in Shanghai and Shenzhen stock markets is expected to pick up. It is estimated that there will be 15-210 issues in the whole year, and the total fundraising scale will be about 160 billion yuan. According to the neutral forecast, the 500-million-scale A-type account will increase its gross profit rate by about 3.32% in 2025, and the 200-million-scale B-type account will increase its gross profit rate by about 4.38% in 2025.

David, nominee of the board of directors of the Brazilian central bank: inflation expectations are higher than the target and the central bank needs to take resolute action. The process is underway.Ningbo Jingda: At present, the company's daily business activities are all normal. Ningbo Jingda announced the abnormal fluctuation of stock trading. After the company's self-inspection, the company's daily business activities are all normal, and there has been no major adjustment in the market environment and industry policies.Before the U.S. stock market: China ETF-Direxion fell by nearly 12%, C3.ai rose by about 6%, and Oracle Bone Inscriptions fell by about 8% when it was three times richer. Before the U.S. stock market, China Stock Exchange fell by about 8%, Xpeng Motors fell by 6% and Pinduoduo fell by about 5%. C3.ai rose by about 6%, and the company's quarterly performance exceeded expectations, reaching a strategic cooperation with Microsoft. Oracle Bone Inscriptions fell about 8%, and the company's second-quarter results were worse than expected.