Liu Qiangdong responded to employee criticism on JD.com's intranet
The company's market capitalization is less than 1 4 of Pinduoduo.
On the evening of December 9, Liu Qiangdong, chairman of the board of directors of JD.com, replied to the employee's comments on the company's intranet, saying that the company's problems mentioned by the employee all exist, and JD.com must change. He also said that JD.com's organization is now large, bloated and inefficient, and it will take time to change. Mr. Liu responded to an employee's Dec. 6 post on the company's intranet criticizing JD.com's existing problems. The employee mentioned that JD's current ** mechanism is too complex, the initiative of big promotion is poor, the low-price strategy and implementation are not thorough, and the linkage between JD departments is also poor. At present, the employee's original post is no longer on the homepage of JD's intranet. At the end of 2022, Liu Qiangdong emphasized that JD.com needs to return to a low-price strategy, once again emphasizing "how fast and good it is". This year, JD.com launched a subsidy of 10 billion yuan to replace the CEO of JD Group and JD Retail. At present, JD.com's market capitalization is about 416$8.1 billion, less than 1 4 of Pinduoduo's market capitalization.
lululemon's China revenue grew 53% last quarter
On December 8, lululemon released its financial report for the third quarter of fiscal year 2023, with revenue increasing by 19% year-on-year to $2.2 billion and net profit falling by 0.2 billion year-on-year3% to 2$500 million, mainly due to increased selling, administrative and other expenses, and asset impairment of lululemon studio's business, including fitness mirrors. Among them, lululemon's North American net revenue increased by 12%, and the international net revenue increased by 49%, the main driving force is still the Chinese market. In the third quarter, lululemon's net revenue in China increased 53% year-over-year to 2$700 million. At the ** meeting after the earnings report, the CEO of lululemon said that when the macro economy is uncertain, male consumers in the North American market may become more conservative when buying clothing, which is similar to the new crown epidemic.
K-type consumption is coming.
Nvidia will collaborate with Malaysian billionaire Yang Zhongli on a $4.3 billion AI project
On December 8, it was reported that Malaysian billionaire YTL Group will cooperate with American technology giant Nvidia to develop artificial intelligence infrastructure in Southeast Asian countries, with an investment agreement worth $4.3 billion. On December 8, YTL Group announced that the project will be hosted at YLT Group's data center campus in Kulai, Johor, and the first phase is expected to be operational by mid-2024. Under the agreement, the two companies will work together to build Malaysia's fastest supercomputer using NVIDIA's AI chips and enable their AI cloud computing platform to build large language models in Malay. Foreign direct investment in Malaysia's semiconductor sector has increased significantly in recent years, with global semiconductor companies, including Intel and Infineon, investing billions of dollars in the country.
The European Union has reached a provisional agreement on the world's first AI regulatory act
On December 10, after 37 hours of negotiations, the European Commission, the European Council and the European Parliament reached a provisional agreement on the world's first Artificial Intelligence Act (AI Act) on artificial intelligence regulation. The European Commission proposed a draft Artificial Intelligence Act in 2021 that strictly prohibits "AI systems that pose an unacceptable risk to human security", including systems that purposefully manipulate technology, exploit human weaknesses or evaluate them based on behavior, social status, and personal characteristics. The Interim Agreement adds a governance system, management system, prohibited list, and acceptance of fundamental rights impact assessments. Under the tentative agreement, companies that violate the AI Act in the future could face fines of up to 7% of their global revenue. It is reported that the provisional agreement is to ensure that the legislation can be passed smoothly before the European Parliament elections in May next year. Once adopted, it will take another two years to fully enter into force.
Tom's overseas AI mobile game has been connected to OpenAI and Google models
On December 10, Tomcat said that the company's overseas R&D team has accessed Google's large model and other AI services (such as moderation, etc.) through Google's Vertex AI platform for R&D and testing of the company's internal self-developed products. Tomcat said that the company's R&D teams at home and abroad are promoting the research and development and testing of three AI application products. Among them, the underlying large models of the multimodal AI Tom Cat and Talking Tom Storytelling AI products developed by the domestic team are all West Lake large modelsThe AI mobile game "Talking Ben AI" developed by the company's overseas team is connected to the large model of OpenAI and Google, and the product has previously opened the first round of overseas testing in Slovenia, Cyprus, South Africa and other regions.
Remember this IP?
The head of product design for the iPhone and Apple Watch will be leaving
On December 8, it was reported that Tang Tan, Apple's vice president of product design, will leave in February next year, and he was originally responsible for the product design of the iPhone and smart watch Apple Watch. According to the latest financial report, iPhone and Apple Watch sales account for 62% of Apple's total revenue. In addition to this, Tang Tan has also provided important assistance to products such as AirPods during his tenure. Tang Tan's immediate supervisor is John Ternus, Apple's vice president of hardware engineering, so Tang Tan's departure has also triggered personnel changes throughout the department. So far, three of Apple's top executives have left the company this year. On December 6, Steve Hotelling, vice president of touch screen, Face ID interaction and the invention of Touch ID, retired. This follows the retirement of Yannick Bertolus, Apple's vice president of hardware engineering, who has been responsible for Apple's product quality and testing for more than a decade, in October.
Announced a phased reduction or exemption of visa fees for coming to China
On December 8, the Consular Department issued the Notice on Phased Reduction and Exemption of Visa Fees for Coming to China. According to the notice, Chinese embassies and consulates abroad will charge 75% of the current fee from December 11, 2023 to December 31, 2024. This is a temporary measure that covers all Chinese embassies and consulates abroad. As of December 8, a number of Chinese embassies and consulates abroad have announced adjustments to visa fees for China, including Thailand, Japan, South Korea, Mexico, Azerbaijan, Vietnam, Bahrain, Kyrgyzstan, Cambodia, Fiji, Kazakhstan, the Philippines and other countries.
Stimulate tourism and business in China.