[Stock News] The ninth city rose 66% Xunlei fell more than 13%

　　Tencent technology news on January 16, US stocks opened sharply on Tuesday, the Dow rose more than 200 points, the three major stock indexes hit a record high, investors are watching a series of corporate financial reports and economic data. Chinese stocks, the ninth city rose 66.00%, Hangmei Media rose 15.70%; on the other hand, Xunlei fell 13.05%, blue flood rose 11.11%. Most of the US technology stocks rose, the five tech giants except Apple rose more than 1%.

　　The Dow opened up 203.54 points, or 0.79 percent, at 26,006.73. The S & P 500 index opened up 0.50 percent, 2800.18. The Nasdaq opened up 0.61 percent, at 7,305.44.

　　In Friday’s trading, the Dow, S & P 500 and Nasdaq Composite all set new closing highs, with the Dow closing at 25,803.19.

　　The five tech giants of the so-called "FAANG" – Facebook, Apple, Amazon, streaming video provider Netflix and Google parent Alphabet – all rose, with Amazon up 2.04%, Netflix up 1.97%, Faceobook up 1.06%, Alphabet up 1.04% and Apple up 0.21%.

　　According to industry website Bitstamp data, the price of bitcoin fell below $12,000 today, a drop of 18%, the largest one-day drop in nearly three years. For this reason, blockchain-related US stocks also fell sharply today. Among blockchain Chinese stocks, Xunlei fell more than 13%. China Network LINE fell more than 7%, Kodak fell more than 9%, Secu and Renren fell more than 2%, Marathon Patent fell more than 8%, and Riot Blockchain fell more than 9%.

　　[China concept stocks]

　　Most Chinese concept stocks rose, and the companies with the largest gains included: Ninth City (up 66.00%), Hangmei Media (up 15.70%), Lexin (up 5.11%), Vipshop (up 5.03%), Weibo (up 3.31%), Baidu (up 2.81%), Ctrip (up 2.12%), New Oriental (up 1.55%), Easy Car (up 1.55%), JOYY Inc. (up 1.49%), Good Future (up 1.45%), JD.com (up 1.42%), Alibaba (up 1.41%), Autohome (up 1.39%), Sina (up 1.24%), Phoenix New Media (up 1.14%),

　　On the other hand, companies with larger declines included: Xunlei (down 13.05%), Lanxun (down 11.11%), SMIC (down 6.06%), Renren (down 2.63%), Finance (down 2.40%) and Secoo (down 1.77%).

　　Xunlei announced on the 16th that its blockchain product, Chain Pocket, will no longer support the function of transferring money between users except for the application scenarios developed by Xunlei and Xunlei partners. The announcement further stated that Xunlei will officially release the new version of Chain Pocket on the AppStore and official website on January 25. This version will not support the function of transferring money between users except for the application scenarios developed by Xunlei and Xunlei partners. On January 31, Xunlei will complete the full upgrade of Chain Pocket in mainland China to the new version.

　　Alibaba recently launched a virtual currency mining platform "P2P node". From the terms of the service agreement of the platform, the operating body of the platform is Alibaba East China Co., Ltd. It is reported that the company has completed registration on October 10, 2017, and the registration place is located in Nanjing. It is understood that after connecting to the third-party mining platform, Alibaba is recruiting mining machines to settle in, and the specific details have not been disclosed. From the recruitment conditions of the platform, the threshold is relatively high. Among them, the network interface card should be above gigabytes, which means that the cost of a single device investment will exceed tens of thousands of yuan per month.

　　Richard Liu, chairperson and chief executive of JD.com Group, said recently: "JD.com has full confidence in the economic revitalization of Northeast China. We plan to invest more than 20 billion yuan in Northeast China in the next three years to promote industrial upgrading in Northeast China, increase employment opportunities, inject technological innovation momentum, and upgrade retail services." In addition, JD.com Group and VNG recently participated in the C round of financing of Vietnamese e-commerce platform Tiki. After this capital increase, JD.com will become one of the largest shareholders of Tiki. Tiki is a B2C e-commerce platform in Vietnam that has developed very rapidly in recent years. It is famous for its unique TikiNow two-hour delivery service.

　　iQIYI, Baidu’s streaming video service, has secretly filed for an initial public offering (IPO) in the United States to raise about $1 billion, Thomson Reuters-owned IFR reported, citing sources. The deal could close at the end of Quarter 1 or early in the second quarter, sources said. An iQIYI spokesperson declined to comment.

　　[US technology stocks]

　　The majority of U.S. technology stocks also rose, with the largest gainers including Line (up 3.23%), Applied Materials (up 2.97%), Hewlett-Packard Enterprise (up 2.33%), Amazon (up 2.04%), Netflix (up 1.97%), IBM (up 1.20%), Twitter (up 1.14%), Western Digital (up 1.12%), Facebook (up 1.06%) and Alphabet (up 1.04%).

　　According to foreign media reports, Apple’s accounts released on Monday show that the company has paid 81 million pounds of tax and interest to the UK again after a large-scale audit by HM Revenue and Customs. Last week, Apple disclosed that its subsidiary "Apple Europe" (Apple Europe) has paid 136 million pounds of tax to HM Revenue and Customs, and the figure released on Monday brings the company’s back tax payment to 217 million pounds. According to foreign media reports, according to Taiwanese media Digitimes, Apple will transfer more orders for MacBook Pro to its assembly partner Foxconn, which also shows that Apple does not plan to make major upgrades to the laptop product line in 2018.

　　In response to recent foreign media reports that Google Maps will return to the Chinese market by cooperating with Autonavi Maps, Autonavi Maps told Tencent’s "First Line" today that Autonavi Maps has no plans to further cooperate with Google Maps. Autonavi Maps said that according to relevant government policies, Autonavi Maps has no plans to further cooperate with Google Maps. Recently, according to the Nikkei report, Google has built a Chinese version for Google Maps website and launched a map app for Chinese iPhone users. Users of the app will automatically turn to Alibaba’s Autonavi Maps when they want to use the navigation function.

　　As Tesla delivers more Model 3s, the outside world is starting to learn more about the electric car from owners, but not much is known about the safety of the Model 3, which is an important selling point for Tesla’s other two models, the Model S and Model X. Last month, two collisions with the Model 3 were reported in the media, but these accidents were small. And on Friday, Jonathan Brusco of Morgan Hill, Calif., reported another, more serious accident to the media, saying that a Model 3 had flipped into a creek in his hometown.

　　Sarah Huckabee Sanders, the White House press secretary, expressed her outrage over the Echo’s functionality in a post on her official Twitter account on Sunday. "Alexa [voice assistant], if my 2-year-old yells’Batman ‘into the Echo and you order a Batman toy for him, then we have a problem," she wrote. It is unclear exactly how her 2-year-old got the Echo to help him order a Batman toy, as Amazon’s voice shopping feature requires users to say "yes" to confirm before placing an order. Neither the White House nor Amazon has commented.