Leapmotor: The 'leading' momentum encounters obstacles, how to break through the blood path?Ctrip (Minutes): Marketing expenses will continue to rise in the peak season of 4QCtrip: Awaiting the Release of Overseas ProfitsXPeng (3Q25 Minutes): Launching seven 'dual-energy' models by 2026Luckin (Minutes): Same-store growth in the fourth quarter and 2026 will face certain pressure.Luckin Coffee: Profit 'Squat' is Just for a Better 'Jump'Xpeng: The “Eastern Tesla” narrative unfolds – does selling cars even matter anymore?Alibaba Qianwen App Goes Viral on Launch Day;Google Gemini 3.0 May Arrive This Week | Today's Important News RecapDisney (Minutes): Committed to double-digit percentage growth in earnings next yearDisney: Short-term Pressure but Guidance Unchanged, Can Iger Turn the Tide Before Leaving?Bilibili (Minutes): Content payment is an important growth engine for the futureBilibili: Is the Little Broken Station Going to Develop Again?Applied Materials AMAT (Minutes): Stable in the first half of next year, growth concentrated in the second half.Storage is 'red-hot', can Applied Materials (AMAT) still 'benefit'?SMIC (Minutes): Storage price increase, terminal manufacturers are becoming more conservative in their plans for next year.Tencent (Minutes): Emphasizes AI, but Lowers Full-Year Capex GuidanceJD.com (Minutes): The goal of food delivery is to 'sustain itself', and overseas investments will be made cautiously in the long term.JD.com: Even without state subsidies, still needs to 'strike everywhere'Tencent: Not playing heartbeats with Meta, just seeking stable happinessSMIC: Not Competing for Short-term Results, Is AI 'Domestic Chip' the True Belief?Alibaba's 'Qianwen' plans to revamp to catch up with ChatGPT; Baidu's Kunlun Chip Supernode unveiled | Today's Important News RecapCircle (Minutes): The Ecological Network is More Important than CommercializationTencent Music (Minutes): Subscription growth slightly slowed, short-term investments impact profitability