Trading News On June.05

1. Microsoft will invest $3.2 billion in Sweden to strengthen artificial intelligence and cloud service facilities. The company also promised to train 250,000 people in "basic AI skills".

2. The market demand for mobile phone tempered films has surged. A high-definition mobile phone tempered film that is easy to install by yourself has sold rapidly, with an average daily shipment of more than 6,500 orders. Merchants can seize market share by expanding market reach.
3. Live sellers must pay taxes according to law, requiring e-commerce companies to file tax returns and pay taxes on behalf of individual sellers on the platform. Vietnam plans to strengthen e-commerce tax collection and management.
4. TikTok will temporarily suspend its European e-commerce business and fully enter the US market. In May 2024, TikTok's total sales in the US station reached US$517 million, with an average daily sales of US$16.7 million, an increase of 8.61% month-on-month.
5. Japan Casting has developed a technology that can use 3D printers to reduce the manufacturing costs of metal machinery parts. It will use this technology to mass-produce parts for industrial machinery and other purposes in 2024, and will also discuss the sale of technology licenses.
6. At the end of May, the mainland announced the suspension of tariff concessions for some products under the Cross-Strait Economic Cooperation Framework Agreement (ECFA). The two suspensions of tariff preferences will directly impact the export of traditional industries and make Taiwan's problem of focusing on the development of specific industries more serious.
7. According to a set of data released by Seige Media, companies that invest more in content marketing (more than US$4,000 per post) have a higher return on investment (ROI) than companies with lower investment (US$500 per post or less).
8. The port of Singapore is "blocked". Currently, container ships need to wait up to 7 days to berth in Singapore. The total capacity of the backlog of container ships is as high as 450,000 TEUs, far exceeding the peak during the outbreak of the new crown epidemic.
9. According to data from Forrester, an international authoritative research institution, global online retail sales are expected to increase from US$4.4 trillion in 2023 to US$6.8 trillion in 2028, with a compound annual growth rate of 8.9%.
10. The spot exchange rate of RMB to USD closed at: 1 USD = 7.2597 RMB.