JD Unveils New "Jingxi" Initiative; Xiaomi 17 Series Launches Tonight | Today's Important News Recap

🐬 Macro/Industry

1、Last night, the official website of the National Press and Publication Administration released the latest batch of online game version numbers. A total of 145 domestic games obtained version numbers this time, and an additional 11 imported games passed the review. Key games among them include Tencent Games' Guihuan, NetEase Games' Star Painting Sunny Day, and miHoYo's Honkai: Star Rail - Elio,The number of version numbers approved in a single batch continues to exceed 100, with regulatory pace maintaining "normalized and high-frequency issuance", further confirming the warmth of related policies.

🐬 Individual Stocks

1、$US Steel(X.US)P(XP.US)eng.US

XPeng Motors and Alibaba Cloud officially signed a post-quantum security technology cooperation agreement at the Yunqi Conference. The two parties will conduct joint R&D and in-depth cooperation in the field of automotive security algorithms based on post-quantum security algorithm projects. Currently, the all-new XPeng P7 has been equipped with post-quantum security technology, which can realize full-process encrypted protection when users communicate with vehicles and the cloud through mobile apps. The relevant functions are expected to be officially launched in October along with the release of the new version of the mobile app.

2、Leapmotor.HK

With a rise of over 6%, Leapmotor officially announced the roll-off of its 1,000,000th vehicle, marking it as the second new domestic EV maker in China to enter the "Million-Vehicle Club". It only took Leapmotor 343 days to reach the 1,000,000th vehicle from the 500,000th, setting the fastest record for new domestic EV makers in China to achieve a production volume of one million. However, it should be noted that its current sales still rely heavily on low-priced models like the T03, and the brand's high-end transformation has not yet been verified.

3、$US Steel(X.US)iaomi Group-W.HK

Xiaomi will hold the Xiaomi 17 Series new product launch event at 7:00 p.m. tonight, at which the 5th-generation Snapdragon 8 Ultimate Edition will also be released, aiming to seize the Android flagship replacement window. Xiaomi rose by over 4% today.

4、$JD.com(JD.US)

Xu Ran, CEO of JD.com, announced at the "2025 JD Global Technology Explorer Conference" the launch of the latest Jingxi APP, positioned as the "next-generation super portal for shopping and lifestyle services". Users can complete the entire process of product selection, price comparison, order placement, food delivery ordering, flight ticket booking, and hotel reservation through voice commands. Currently, it is in the internal testing phase. Jingxi APP is the C-end implementation of JD.com's supply chain advantages integrated with AI, turning voice dialogue into a one-stop shopping portal. It simplifies the purchasing process, enhances member stickiness, and is expected to reshape the advertising and commission model.

5、Marvell Technology.US

Marvell Technology rose by over 7% last night. According to the news, Marvell Technology announced the addition of a $5 billion stock repurchase authorization and a $1 billion accelerated stock repurchase program. Marvell Technology's large-scale stock repurchase indicates the company's confidence in its future development prospects, its belief that the current value of the company's stock is undervalued, and it helps to enhance shareholder value and market confidence in the company.

6、$Barrick Mining(B.US)aidu.US

Baidu's official WeChat account stated that Baidu's autonomous driving mobility service platform Apollo Go has obtained the first autonomous driving test license issued by the Roads and Transport Authority of Dubai, with the license number 001. This is an important step for Baidu in the Middle East and a key milestone in its international layout. It helps Baidu expand its business in the Middle East, enhance its brand influence, and also provides it with more opportunities for technology R&D and operational experience accumulation. Baidu rose by over 2% today.

🐬 Leading Sectors

Shanghai & Shenzhen: Industrial Enterprise Groups, Copper, Internet Content & Information;

Hong Kong Stocks: Diversified Capital Markets, Copper, Diversified Metals & Mining;

US Stocks: Automobile Manufacturers, Fertilizers & Pesticides, Pharmaceutical Retailers.

🐬 Tomorrow's Focus

1. Li Auto will release its new model Li Auto i6 at 15:00 on September 26, with official delivery starting on September 27.
2. Costco will release its financial report, and Dolphin will track it and issue an interpretation and analysis.

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