Jinshi Data, November 5th, Citigroup released a research report stating that Sino Biopharmaceutical (01801.HK) announced the termination of the Fortvita subscription transaction. The company's management stated at an investor conference on November 4th that the original intention of the transaction was to accelerate the development of the company's overseas business, Fortvita. After the transaction was terminated, there is currently no further financing plan for Fortvita. Since the announcement of the transaction, the group's stock price has fallen by more than 20%. Looking ahead, the bank believes that the group's strong sales performance and overseas bed progress will sustainably restore investor confidence. Rating 'buy', target price of 55 Hong Kong dollars.

① Large U.S. hedge fund and family office investors warned on Wednesday that despite the resilience of the U.S. economy, the possibility of a recession and more bank failures remains in an environment of persistent inflation. ② Stanley Druckenmiller, an American investor and chairman and CEO of the Duquesne Family Office, said he still expects a hard landing for the U.S. economy -- a scenario in which the Fed raises interest rates and pushes the economy into recession. ③ "I think the odds suggest that Silicon Valley Bank, Bed Bath & Beyond may just be the tip of the iceberg," he said, referring to the collapse of Silicon Valley Bank and the bankruptcy of the home furnishings retailer. ④ He said at the meeting that the impact of rate hikes has not yet been reflected in some economic sectors and that there are more "boots to fall" after this year's banking turmoil. ⑤ Dawn Fitzpatrick, chief executive of Soros Fund Management, speaking at the same event, said she doesn't think the turmoil in the banking industry is over and that more banks, perhaps smaller ones, could fail. ⑥Others have expressed similar concerns that the Fed will keep interest rates high to curb inflation, but that high borrowing costs will still put overall pressure on certain areas of the market, such as private credit or commercial real estate. ⑦Boaz Weinstein, founder and chief investment officer of Saba Capital Management, said that whether the economy is in recession or not, the default rate will rise. ⑧ Overall, investors warned that although the Fed's interest rate hike cycle may soon be over, it is still time to adopt

On March 28, Jin10 reported that recently, a reporter saw a home service robot "Xiao Wu" at Tencent. As the latest generation of robots from Tencent's Robotics X laboratory, "Xiao Wu" integrates the core capabilities developed over multiple generations of previous robots, combining a four-legged wheeled design, large tactile skin, multi-finger dexterous hands, and various self-developed technologies for safe human-machine physical interaction. It can walk and transport objects in real human living environments, helping the elderly fetch parcels and assist them in getting out of bed... It is reported that "Xiao Wu" can solve many real pain points in elderly care scenarios. Relevant R&D personnel from Tencent stated that the next generation of elderly care robots will also feature more dexterous arms and an intelligent brain. "We are also enhancing 'Xiao Wu's' tactile, operational capabilities and various perceptual abilities, continuously iterating and upgrading the product," the person said.