JD Cloud has also reduced its price
Cloud service ** war.
On February 29, JD Cloud's official WeChat*** announced that all core products of JD Cloud will participate in the price comparison of the whole network from March 1, on the one hand, the lowest transaction price of products with similar specifications in the same industry will be benchmarked, and on this basis, it will be discounted by 10%.On the other hand, if the transaction price of the user is higher than the lowest price, JD Cloud will directly issue the same amount of vouchers for the price difference, which can be used for the same product and is valid for one year. The price reduction campaign covers 9 categories of products, including computing, storage, networking, security, database, and ** services, and the price comparison targets are Alibaba Cloud, Huawei Cloud, and Tencent Cloud, and the deadline for the activity is June 30, 2024. Earlier on the same day, Alibaba Cloud announced that the price of all cloud products will be reduced from now on, involving more than 100 products and more than 500 product specifications, with an average price reduction of more than 20% and a maximum price reduction of 55%, which is the largest price reduction in Alibaba Cloud's history. In May last year, also led by Alibaba Cloud, cloud service providers have joined the battle one after another. At that time, Alibaba Cloud's core products** were lowered by 15% to 50% across the board, and storage products were reduced by up to 50%.Some of Tencent Cloud's product lines have dropped by up to 40%.Some product lines of mobile cloud have dropped by up to 60%;JD Cloud's price reduction strategy is similar to this time. 
Nvidia** market capitalization stood at $2 trillion for the first timeOn March 1, the U.S. stock market ushered in a strong start to March, with Nvidia's stock price surging nearly 4%, and as of that day, the market value exceeded the $2 trillion mark for the first time. Since the beginning of this year, Nvidia's stock price has risen by nearly 70%. It is reported that on May 30 last year, NVIDIA's market value exceeded $1 trillion, creating history in the chip industry. Since going public in 1999, it has taken Nvidia 24 years to reach a market value of $1 trillion, and it took only nine months to increase from $1 trillion to $2 trillion, setting a new industry record. By comparison, it took more than two years for Apple and Microsoft to add $1 trillion to their market capitalization. Zhiji Auto's financing exceeded 8 billion yuanOn March 1, SAIC's electric vehicle brand Zhiji Automobile said that the company has raised more than 8 billion yuan in Series B equity financing, which will be used for the development of a new generation of intelligent models, high-end intelligent driving and future intelligent cabin technology research and development, market channel expansion, and entering overseas markets. The round of financing was led by Bank of China Asset Management, followed by ABC Investment, Lingang Group, CATL, autonomous driving startup Momenta, battery company Qingtao Energy, SAIC Group, ICBC Investment and Bank of Communications Investment. Founded in 2020 by SAIC, Zhangjiang Hi-Tech and Alibaba Group, Zhiji Auto is positioned as a high-end electric vehicle. SAIC Motor said it plans to export Zhiji vehicles to overseas markets, including Europe, in 2024. Previously, in February, Liu Tao, co-CEO of Zhiji Automobile, said at the Geneva International Motor Show that according to the plan, this year, the two products of Zhiji L7 and LS7 will be the first to enter the markets of Mexico, the Middle East, South America and Southeast Asia. 
There is enough money and ammunition to survive in the Chinese car market. Dyson's revenue in 2023 will grow by 9%, driven by beauty productsOn February 29, Dyson released its financial figures for 2023, with revenue increasing 9% year-on-year to 7.1 billion pounds (about 719.).800 million yuan), profit also increased by 9% to 1.4 billion pounds (about 127.7 billion600 million RMB). At the same time, in 2023, Dyson's R&D spending increased by more than 40%, and the number of employees at its Singapore headquarters increased by 35%. At present, Dyson is also investing in the construction of a new park in the Philippines, a battery factory in Singapore, and a new technical center in the United Kingdom. A Dyson spokesperson said that the company's revenue growth in 2023 was driven by strong growth in beauty products, and that the Airwrap hair wand remains in high demand globally. In 2023, Dyson will also begin to enter the floor scrubber market, launching the company's first floor scrubber product, WASHG1, in the Chinese market. Yu Yongfu, head of Alibaba's local life, stepped downOn March 1, Alibaba Group CEO Wu Yongming announced in an internal letter that Yu Yongfu, chairman of Local Life Group and CEO of Ele.me, will step down from his management position at the end of Alibaba's current fiscal year (March 31). Local life includes two major businesses, Ele.me and AutoNavi Map, which are in charge of Yu Yongfu. In 2014, UC was acquired by Alibaba, whose founder, Yu Yongfu, also joined Alibaba, becoming a partner a year later. In 2016, Yu Yongfu took over as the head of Alida Entertainment, took over AutoNavi Map in 2019, and took charge of the local life business in 2021. Yu Yongfu is one of the highest-ranking executives since the merger into Alibaba. Ali Pictures tested the waters, and the black diamond members were not satisfied with the movie, and half of them were refundedOn March 2, Taomai VIP launched the "Good Film Recommendation Plan" to test the mechanism of half refund for black diamond members who are not satisfied with the movie. From March 2nd to March 3rd, Taomai VIP Black Diamond members can purchase tickets on the Taopiao ticket platform and leave the venue in the designated cinema** "Three Evils of the Week", if they are not satisfied with the film and leave the venue early within 30 minutes of the opening of the film, they can redeem the rights and interests of the Black Diamond Movie Viewing Guarantee Service and apply to the platform for a refund of half of the actual ticket purchase amount. The program is only available to Taomai VIP Black Diamond members and is limited to selected studios and specific time periods. The refund mechanism for unsatisfactory viewers will provide members with more choices, and may also become a reference for other movie service platforms. Alibaba Pictures' move could have an impact on the film industry's marketing strategy. 
Ticketing channels are also rolled up. 
Meta has rejected Google's offer for a virtual reality partnershipMeta has decided not to partner with Google, refusing to use Google's Android XR platform for its virtual reality and mixed reality Quest headsets, according to **. At the end of 2023, at a meeting with Meta Platform staff, Google suggested that Meta work with its new software platform for virtual reality, augmented reality and mixed reality headsets, according to sources involved in the negotiations. Such a partnership proposal could hinder Meta CEO Mark Zuckerberg's plans to "own the next virtual reality, augmented reality and mixed reality computing platform," the report said. The two companies have long been in regular talks about Meta's Quest VR development, which runs through an open-source version of Google's Android operating system and is modified and tweaked by Meta. Despite Meta's repeated requests, Google has not allowed Meta to offer a full range of Google apps on devices. Some Meta employees said that Meta is currently in talks with hardware companies such as LG Electronics in South Korea to build new VR devices using Quest software. 
Ideal's first pure electric car, the MEGA, was released at a price of 55980,000 yuanOn March 1, Li Auto held a spring press conference and released a total of four products, including three 2024 L series models, as well as Li Auto's first pure electric product, the MPV model Li MEGA. Ideal has only one configuration for this car, **55980,000 yuanPrior to this, the ideal models were all powered by a hybrid range extender with gasoline-electricity, and the convenient way to replenish energy also helped it rapidly expand its market and become one of the best-selling car brands in China with more than 300,000 yuan. Ideal MEGA adopts a battery pack jointly developed with CATL and adapted to 5C supercharging technology, and according to the official information, it has the ability to "charge for 12 minutes and last 500 kilometers". In terms of sales, the company's founder Li Xiang said that the ideal monthly delivery target for MEGA is 8,000 units. In addition, Ideal will release the L6 in the second quarter and three pure electric SUVs in the second half of the year. 
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