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Real-time News
On January 12th, Google announced on the 11th that it will partner with major retailers such as Walmart to expand the shopping functionality of its Gemini AI model, upgrading the Gemini app from a "smart assistant" to a "virtual merchant" capable of directly completing transactions. The Gemini app will introduce an "instant checkout" feature, allowing consumers to purchase goods from select merchants within the chat interface, without needing to open any external interface. Walmarts incoming president and CEO, John Furner, stated that the shift from traditional web or app search to "agent-driven commerce" represents the next major evolution in the retail industry. Industry insiders believe that the application of AI in e-commerce and its impact on consumer behavior will be a key focus of the conference. Google stated that the shopping functionality of the Gemini AI model will initially be available only to US users, but will expand to international markets in the coming months.On January 12, Clover Biotech (02197.HK) announced that its Pre-F trimeric subunit recombinant protein respiratory combination vaccine candidates SCB-1022 (RSV+hMPV) and SCB-1033 (RSV+hMPV+PIV3), developed based on the companys self-developed Trimer-Tag vaccine R&D platform, have completed the first batch of subject enrollment in Australia and officially started Phase 2 clinical trials.On January 12th, Citigroup pointed out that Indonesias fiscal deficit this year may far exceed the statutory limit, as the government increases spending on the nationwide free meal program and reconstruction projects in flood-stricken provinces of Sumatra. In a report on Monday, Citigroup economist Helmi Arman revised his 2026 budget deficit as a percentage of GDP upward to 3.5% from the initial 2.7%. Citigroups base case assumption is that the government will amend the National Fiscal Law by the second half of this year to relax the long-standing 3% fiscal deficit cap. Arman stated that if the authorities choose to significantly cut spending to maintain fiscal discipline, they may avoid exceeding the limit. He predicts that by 2029, Indonesias debt-to-GDP ratio will rise from approximately 39% in 2025 to 42%.January 12th - In 2025, the judicial auction market showed a year-on-year decline in the number of listings, transactions, transaction value, and average price. A total of 719,000 units were listed for auction (down 6.6% year-on-year), with 169,000 units sold (down 4.4% year-on-year), for a total transaction value of 253.62 billion yuan (down 23.6% year-on-year), and an average discount rate of 74.1%. Residential properties were the core property type (accounting for 51.9% of transaction value), with second-round auctions accounting for the highest proportion of transactions (46.9%). Regionally, high-priced properties were concentrated in first-tier and core second-tier cities, with Shenzhen, Shanghai, and Beijing forming the first tier. Meanwhile, regional differentiation intensified, with significant differences in performance among key cities. The transaction structure optimized, with second-round auctions becoming the core transaction channel, and bidders preferring to make purchases at more attractive prices. The judicial auction market exhibited an independent cyclical trend, with monthly transaction volume and value significantly affected by the courts enforcement pace, showing marked fluctuations.On January 12th, JPMorgan Chase raised its target price for UBTECH Robotics Corp. (09880.HK) from HK$154 to HK$169, primarily reflecting an increase in the expected price-to-revenue ratio for fiscal year 2027 from 12x to 13x, in line with the latest industry average; it maintained its "Overweight" rating. The bank noted that UBTECHs share price surged 130% in 2025, making it one of the best-performing stocks in the Asian automation and robotics sector. While the companys performance has been stable year-to-date and broadly in line with major indices, the bank remains positive on its prospects. The bank believes that although the industry and UBTECH are still in their early stages with limited commercialization, these risks are gradually mitigating due to substantial progress in commercialization, increased customer adoption, and strong policy support from the US-China competition for leadership in humanoid robots.
