... Competition: Pressure from "low price" platforms necessitates strict discipline in promotions and logistics. E-commerce Regulation: Predictable rules increase trust in publicly traded companies in the sector. Investment Case Risks Price Competition: Potential contraction of gross margins in certain categories. Promotional Intensity: Increased traffic subsidies may temporarily elevate commercial expenses. Macroeconomics: A slowdown in consumer activity could hinder GMV growth. Currency Factors: Fluctuations in the yuan impact performance for foreign investors. Monitoring Benchmarks Share of high-margin revenues (commissions, advertisement, technology services) in total sales. Logistics metrics: delivery speed, returns,...

... Washington's sanction actions (such as tariffs against India) have paradoxically propelled prices upward as traders account for potential disruptions and a rethinking of oil flows should conflicts escalate. Restraining factors: OPEC+ proactive policies have ... ... is expected to grow by 3% in 2025 (upgraded from 2.9%), providing a foundation for sustained energy demand. Global oil demand growth in 2025 is forecast at +1.29 million b/d (unchanged), while the 2026 estimate has been raised to +1.38 million b/d. OPEC+ ...

... The influx of "big money" is filling the ecosystem with liquidity, providing resources for new rounds and supporting growth in the valuations of promising companies. The return of mega funds and large institutional investors not only intensifies ... ... the entire AI ecosystem). This investment boom is spawning a wave of new "unicorns," although experts warn about the potential for overheating in this segment. IPO Market Revives: “Window of Opportunity” for Listings Remains Open The global ...

... independent directors, board committees, quality of disclosure. Impact on Liquidity and Index Considerations IPOs and SPOs typically increase trading volumes and improve market depth. In case of inclusion of new securities in the index calculation base, potential outcomes may include: Technical Inflows: purchases from index and ETF strategies. Reduced Volatility: due to the emergence of large long-term holders. Narrowing of Spreads: growth in competition among market makers. Pricing Factors Macroeconomic Conditions: inflation, key interest rate, liquidity availability. Industry Trends: tariff policies, demand for infrastructure services, regulations. Peer Valuations: premiums/discounts ...

... stabilizes. This, in turn, may affect the real estate market, where reduced demand could lead to a slowdown in housing price growth. What Should Borrowers Do Amid Changes in Mortgage Programs? Plan Purchases Considering Increased Rates. Before taking ... ... your financial capabilities. Consider different scenarios: if rates remain high, be prepared for larger monthly payments. Await Potential Changes. It's crucial to stay updated on news and anticipate the potential revival of preferential programs. Banks may ...