Today's headlines
China Securities Regulatory Commission: To do a good job in import supervision, corporate IPOs cannot be used for the purpose of collecting money
The Second Session of the 14th National People's Congress held a press conference at 3 p.m. on March 6. Wu Qing, chairman of the China Securities Regulatory Commission, said at the press conference that the China Securities Regulatory Commission should do a good job in import supervision, and corporate IPOs should not be aimed at collecting money, and should make every effort to keep counterfeiters out of the capital market. (CCTV News).
The committee members were in favor of controlling the time that college students spend playing games
March 6, Beijing. Hong Mingji, a member of the National Committee of the Chinese People's Political Consultative Conference, said in an interview with Future.com that "games can no longer be harmed." In addition to this, minors under the age of 18 should be completely prohibited from playing online games.
He said that although the game is set up with anti-addiction functions, many children are addicted to online games and cannot control the time spent playing games. If the means of controlling games are not effective, it is more hoped that the state will introduce a policy to completely prohibit minors from playing online games.
Company dynamics
TikTok responded by asking for a separation with ByteDance
On March 5, local time, members of the U.S. House of Representatives proposed a bipartisan bill requiring Chinese technology company ByteDance to divest its short ** app TikTok within 165 days, otherwise TikTok will be banned from major app stores.
Reuters reported that the bill was co-sponsored by the chairman of the committee, Mike Gallagher (Republican), and 18 other bipartisan lawmakers led by senior Democratic member Raja Krishnamoorthi, claiming to address the so-called "** concerns" brought by TikTok, and the bill is expected to be voted on March 7 local time.
In response, Alex Haurek, a spokesman for TikTok, responded on the same day that no matter how the proponents try to cover it up, this bill is an outright TikTok ban that will trample on 1The First Amendment rights of 700 million Americans deprived 5 million small businesses of the platform they needed to grow and create jobs. (Observer.com).
ByteDance launched a new round of option buybacks
On March 6, it was reported that ByteDance would open a new round of option repurchases. The buyback** will be $170 per share for current employees and $145 per share for departing employees. According to a source close to ByteDance, this situation is true, and the buyback** is an increase from the $160 per share in last year's buyback plan.
China Evergrande received guidance from the Stock Exchange on resumption of trading
China Evergrande announced on the evening of March 6 on the Hong Kong Stock Exchange that the Company received a letter dated February 28, 2024 from the Stock Exchange, which set out the resumption guidelines for the resumption of trading in the Company's shares: the winding-up order against the Company has been withdrawn or discharged, and the appointment of any liquidator has been lifted; certify that the Company has complied with Rule 13 of the Listing RulesArticle 24; and release all material information to the market for the Company's shareholders and other investors to assess the Company's position.
The Company is taking appropriate steps to resolve the matters leading to its suspension and is in full compliance with the Listing Rules to the satisfaction of the Exchange. Trading in the Company's shares has been suspended since 10:18 a.m. on Monday, January 29, 2024 and trading will remain suspended until further notice. (Interface News).
JD.com's net profit attributable to the parent company in 2023 increased by 133% year-on-year
On March 6, Jingdong Group announced on the Hong Kong Stock Exchange that its revenue in the fourth quarter of 2023 would be 306.1 billion yuan (RMB, the same below), an increase of 3 percent year-on-year6%, and the annual revenue in 2023 will be 1,084.7 billion yuan, an increase of 3 percent year-on-year7%；Net profit attributable to ordinary shareholders of the Company for the fourth quarter of 2023 was $3.4 billion, compared to $3.0 billion for the same period in 2022, and net profit attributable to ordinary shareholders of the Company for the full year of 2023 was $24.2 billion and $10.4 billion for the full year of 2022.
The high price of Zhongxue was reduced from 60 yuan to 2$5
Recently, the "Internet celebrity ice cream" Zhong Xuegao has once again attracted attention. On a shopping platform, the current sales of Zhongxuegao ice cream have reached a low level, and the expiring products are even as low as 25 yuan a piece, from a maximum of more than 60 yuan to now 2 pieces of 5, many consumers said that they did not expect Zhong Xuegao's profit margin to be so high, and they had a feeling of being deceived, calling "Zhong Xuegao is not only an assassin, but also a deception".
In fact, in recent years, Zhong Xuegao has been negative, from "ice cream assassin" to being exposed to salary arrears, and then the shares were frozen, and even listed as "executor", the former "Internet celebrity" Zhong Xuegao collapsed step by step and fell into the quagmire. (Sina Hot Spots).
Hema responds to the closure of liquidation: the tail stores are eliminated normally, and the number of stores is expected to exceed 400 within the year
Recently, there is a ** said that the news of the closure of Hema in various places, in response, Hema responded that due to the expiration of the property contract and the recession of individual shopping malls, in the first half of this year, Hema Xiansheng carried out the replacement of tail department stores, closed 6-7 stores nationwide, and looked for better properties nearby to undertake consumer demand.
At the same time, more than 360 stores are operating normally. This year, Hema Fresh plans to open 70 new stores, and the number of Hema Fresh stores is expected to exceed 400 within the year.
Xiaomi Auto is expected to start the first batch of directly-operated stores in the country at the end of the month
On March 6, Blue Whale exclusively learned that after the first batch of 2S stores have been renovated, the first batch of directly operated stores of Xiaomi Home in Beijing have also officially begun to be renovated. According to Blue Whale Finance learned from reliable sources, Xiaomi Auto is expected to develop at the end of the month, and it is expected to be delivered as the industry practice of release. (Blue Whale Finance).
Zero One Thing announced the open-source YI-9B model
On March 6, it was reported that Zero One Everything announced the open source YI-9B model. According to reports, YY-9B is currently the most advanced and mathematically capable model in the YI series of models, with an actual parameter of 88b, the default context length is 4k tokens. The company was founded by Kai-Fu Lee.
Xpeng Motors requires dealers to stock up on inventory
According to "LatePost", many dealers reported that Xpeng Motors has recently begun to require inventory reserves, which is equivalent to half of the monthly sales target, in addition to lowering the basic rebate and increasing the incentive commission. Wang Fengying, president of Xpeng, mentioned at the annual meeting in February this year that dealers may not go all out to sell Xpeng if some inventory pressure is not given. Xpeng opened its franchise model in 2019, but it does not require dealers to bear inventory costs like traditional car companies.
Wanda Group failed to make payments on time, and FIFA revoked its sponsorship rights
On March 6, it was reported that FIFA (FIFA) and its top sponsor Dalian Wanda were involved in a dispute, and FIFA has stopped activating sponsorship rights due to Dalian Wanda's failure to pay the scheduled payment in the contract on time. According to public information, there are 7 first-class sponsors of the 2022 Qatar World Cup, of which Wanda Group is the only top FIFA partner in China.
According to the disclosure, Wanda Group invested 8500 million US dollars (about 6 billion yuan) to get the sponsorship rights of four World Cup events, including the 2018 World Cup in Russia, the 2022 World Cup in Qatar, and the World Cup in 2026 and 2030. However, during the recent FIFA Beach Soccer World Cup in Dubai, the Wanda Group's logo did not appear on the billboard next to the stadium, and the Wanda logo was removed on the FIFA+ streaming platform, although the Wanda logo is still on the FIFA official website. Hu Chenggen, general manager of Wanda Sports Group's international affairs department, said in an email that he could not comment on the topic due to confidentiality needs.
"Wusu" Beer v. "Bird Su" Beer, the court fully supported the claim for compensation of 2.08 million
According to Jiemian News, the official WeChat message of the Nanjing Intermediate People's Court said that a few days ago, a trademark infringement and unfair competition dispute case concluded by the Nanjing Intermediate People's Court came into effect. The infringer tried its best to imitate the red can of "Wusu" beer to produce and sell the red can of "Niaosu" beer, and the Nanjing Intermediate People's Court fully supported the right holder's claim for compensation of RMB 2.08 million in the first instance. The Jiangsu High Court upheld the original judgment in the second instance.
The Nanjing Intermediate People's Court held that the logo used by the allegedly infringing "Bird Su" brand beer was very similar to the plaintiff's registered trademark, which could easily cause confusion or misidentification among consumers, and constituted trademark infringement. Although there are differences in the details of the two beers, red is used as the main packaging background color, and the text information such as the use of the trademark, the product name, the shape of the product, the position of the logo, the net content and other text information and their arrangement and layout are basically the same, and the overall height is similar. After long-term and continuous promotion and use, the packaging and decoration of the plaintiff's red canned Wusu beer has a high market influence and popularity. The defendants, as competitors in the same industry, still used infringing packaging and decoration when they should have known about it, which objectively could easily cause confusion or misidentification among the relevant public, so the defendants constituted unfair competition.
Six airlines in Shanghai, including China Eastern Airlines and Spring Airlines, have established a mutual recognition mechanism for refunds
On March 6, the Airport Branch of the Shanghai Municipal Administration for Market Regulation and the Airport Office of the Shanghai Municipal Consumer Protection Commission led the industry leading enterprises and six airlines, including Shanghai Base Airlines, China Eastern Airlines, Air China Shanghai Branch, China Southern Airlines Shanghai Branch, Spring Airlines, Juneyao Airlines and Suparna Airlines, jointly launched the "Mutual Recognition Mechanism for Non-destructive Refunds of Inter-Airline Non-consecutive Tickets at Shanghai Airport".
This mechanism refers to the round-trip flights departing from or arriving in Shanghai, and domestic flights transiting in Shanghai, where the same passenger purchases a non-consecutive ticket of a mutually recognized airline under this mechanism, and the actual carrier is also a mutually recognized airline under this mechanism, if the previous flight is delayed or cancelled due to weather or force majeure, the next flight will also enjoy a refund without damage. (The Paper).
A number of ** jewelry brands in China ** domestic pure gold jewelry ** exceeded 650 yuan grams
On the morning of March 6, AU9999 on the Shanghai ** Exchange rose to 503 intraday99 yuan, exceeding the 498yuan recorded on December 14, 2023. At the same time, the retail gold price of pure gold jewelry announced by the leading jewelry brand in China on March 6 exceeded 650 yuan.
On March 6, the gold price announced by Laomiao** in Shanghai was 648 yuan, and Xie Ruilin's gold jewelry in Chinese mainland** was 649 yuan. Chow Tai Fook, Chiu Wang Kei, Luk Fook Jewellery and Chow Sang Sang announced domestic pure gold jewellery ** all exceeded 650 yuan. Among them, the pure gold jewelry announced by Chow Sang Sheng** was 651 yuan, compared with 15 yuan on March 4. (SSE News).
OpenAI says Musk is trying to gain control
On March 5, local time, OpenAI co-founders Greg Brockman, Ilya Sutzkefer, Sam Altman and others jointly posted on the official website in response to the lawsuit filed by Tesla CEO Elon Musk, and released relevant email evidence.
OpenAI said that Musk had agreed at the end of 2017 that OpenAI needed to create a for-profit entity, and hoped to gain majority stake and board control and serve as CEO, but OpenAI did not agree with Musk on for-profit terms, Musk stopped capital injection during the discussion, and then he also proposed to merge OpenAI with Tesla, saying that OpenAI had "zero probability of success" after negotiations broke down. In addition, Musk agreed in a 2016 email that he would not have to open source AI technology while sharing the results of AI applications.
On the evening of February 29, Tesla CEO Elon Musk filed a lawsuit in the San Francisco Superior Court against OpenAI, the developer of ChatGPT, and its founders Sam Altman and Gregory Brockman. Musk said that OpenAI and Altman and others violated an agreement reached when the AI research company was founded, and instead of working on open-source general AI, it turned into a "closed-source subsidiary of Microsoft." Musk filed claims that included breach of contract, breach of fiduciary duty, and unfair business practices, and demanded that the company reinstate open source.
Tesla's German factory is still suspended, and analysts have lowered their expectations for the number of cars Tesla will deliver this quarter
According to Jiemian News, on March 6, Tesla's factory near Berlin has not yet reopened, adding pressure to the automaker, which is expected to slow down this year. The company warned that it could not be sure when the plant would be able to resume production. ** Ben Kallo, an analyst at research firm Baird Equity, wrote in a note that Tesla investors may need to lower their expectations for the number of cars the company delivers this quarter.
He estimated that in the first three months of this year, the company would deliver only about 421,100 vehicles, about 67,900 fewer than Wall Street expected.
Facebook and other social networks under Meta in the United States suddenly crashed on a large scale, and Musk posted a ridicule
On March 6, it was reported that Meta's social **Facebook, Instagram and Threads suddenly crashed on a large scale, resulting in hundreds of thousands of users around the world being unable to use normally. After the accident, Meta and its communications director, Andy Stone, issued an apology and explanation to users.
At the same time, Musk, the owner of another social ** platform X, posted a post ridiculing Meta's accident. In the early morning of the 6th, Beijing time, Musk posted an online post on the X platform: "If you are reading this content, it is because our servers are operating normally", in order to ridicule his major competitors.
Character point of view
Brother Xiao Yang said that he would reduce the live broadcast of goods this year
On the evening of March 5th, Brother Xiao Yang talked about the 24-year live broadcast plan in the live broadcast, he said that he will have more entertainment broadcasts this year, and will reduce the frequency of live broadcasts with goods.
At the same time, in the recent live broadcast, Brother Xiao Yang has repeatedly announced that this year's electronic music festival will be held, which is co-branded with the well-known brand VAC, and will be held in many times across the country, the first one has been confirmed to land in Hefei in May, and the ticketing methods include public ticket sales and free tickets. Last year, Brother Xiao Yang spent 30 million to hold a concert, and the cost of the electronic music festival has not yet been disclosed. (Blue Whale Finance).
Director Gao He shouted to Jia Yueting: Welcome back to China next week to see, we are not afraid or worried
On March 6, in response to the dispute with Gaohe Automobile, Jia Yueting once again posted: "Any discerning person knows that they are plagiarizing, continuing to lie, continuing to deceive users, and continuing to make false statements to deceive investors." The plagiarist blames the original creator, and the perpetrator bites the victim in a vain attempt to divert the focus of the incident and reverse black and white. They even falsely claim to be the result of 40 years of development of China's auto industry, in an attempt to link plagiarism with ethnic minorities and smear China, which has just begun to lead global innovation
In this regard, Yang Yueqing, director of the engineering project of Gaohe Automobile, responded to the matter of "being sued by FF" in the official live broadcast room of Gaohe Automobile, and he said that for some of the remarks made by Jia Yueting and FF Weibo, Gaohe's attitude is very clear: not afraid or worried, we will see you in court. (IT House).
Lei Jun: We must do a good job of Xiaomi cars and not disappoint users across the country
On March 6, it was reported that when the two sessions were underway, Lei Jun, a representative of the National People's Congress and founder of Xiaomi Group, responded to questions related to Xiaomi cars, saying that the release of Xiaomi cars made Xiaomi's "people, cars and home ecology" completely closed-loop, and guaranteed that "we will go all out to do a good job and do a good job of Xiaomi cars, so as not to disappoint users across the country".
He said that Xiaomi is also going through the stage of Chinese technology companies from following to leading in the past, and has made up its mind to take a hard-core technology road and comprehensively promote high-end and globalization.
Musk said that the SpaceX Starship Heavy rocket could soon make its third test flight
According to Jiemian News, according to the American "Space" news network on March 5**, Musk, the founder of the American Space Exploration Technology Corporation (SpaceX), posted on social platforms that the company's "Starship" heavy rocket may soon have its third test flight.
According to the report, SpaceX shared the news on the social platform X on the 4th local time about the refueling propellant test work for the "Starship" rocket test flight, and Musk then ** the post and said in the accompanying text that the "Starship" is preparing for the third test flight.
Dong Mingzhu: It is recommended that enterprises independently bear the subsidy for the trade-in of household appliances
On how to stimulate the trade-in and green consumption of household appliances, Dong Mingzhu, a representative of the National People's Congress and chairman and president of Gree Electric Appliances, suggested that enterprises should independently bear the subsidies for the trade-in of household appliances and establish mandatory standards for the safe service life of household appliances as soon as possible.
Ming-Chi Kuo: The market has lowered its iPhone sales forecast this year, and Nvidia's market value is expected to surpass Apple's
On March 6, it was reported that Guo Mingchi, an analyst at Tianfeng International, who has been tracking Apple's industrial chain for many years, posted on social platforms that the market consensus for iPhone shipments in 2024 was 2200 million-22.5 billion units, which have now begun to be revised downwards and are approaching the 200 million units that were the first of its kind. If Apple fails to launch generative AI services that are better than market expectations this year, Nvidia's market capitalization will most likely surpass Apple's.
Uber's CEO calls for faster EV rollout
On March 6, Dara Kosrosahi, CEO of the ride-hailing company Uber, recently said in a column that Uber will not be able to achieve its net-zero emissions goal unless automakers produce more electric vehicles and policymakers take stricter measures. The company set a goal of achieving zero-emission mobility in the U.S., Canada, and Europe by 2030 in 2030.
Capital Insights
**Technology products giant Galderma plans to go public in Switzerland, aiming to raise nearly $2.3 billion
On March 6, it was reported that the ** technology product giant Galderma issued a statement on March 5 saying that the company plans to be listed on the Swiss Exchange, with a goal of raising about $2.3 billion to repay debts and refinance. This could be one of the biggest IPOs in Europe this year. In 2019, a consortium led by Swedish private equity firm EQT and Abu Dhabi Investment Authority acquired Nestlé Skin Health S., the health division of Nestlé, for $10.2 billiona, and renamed it Galderma.
"Proton car" completes 3A new round of financing of 800 million yuan
According to the Aiqicha app, recently, Proton Automotive Technology has completed the latest round of financing, with a total financing amount of 3800 million yuan, the participants in this round of financing include Xitou Holdings, Yulin Urban Investment, Xindian Hutong, Dezaihou Automobile**, Shaanxi Automobile**, Beijing Orange Leaf, and the old shareholder Zhongke Chuangxing chased the investment. According to **, this round of financing funds will be mainly used for R&D investment and product development, as well as market promotion.
"Qina New Materials" completed more than 200 million yuan in Series C financing
Recently, "Qina New Materials" completed more than 200 million yuan in Series C financing. This round of financing was led by Hangfa **, with the joint participation of State Power Investment Corporation, Shenzhen Venture Capital, Guoding Capital, China Securities Construction Investment, Tengye Venture Capital, and Beijing Venture Capital. Taihe Capital acted as the exclusive long-term financial advisor.
According to reports, Qina New Materials focuses on the production and research and development of high-end special metal materials such as superalloy master alloys, wires, hydrogen electrode nets and catalysts. The funds from this round of financing will be used for the construction of R&D centers, capacity expansion, market development and university cooperation.
Solid-state battery company "Yihua New Energy" received tens of millions of yuan in angel round financing
Recently, the solid-state battery company "Yihua New Energy" received tens of millions of yuan in angel round financing, which was invested by Dongfang Fuhai and Lingli Weichuang, and the funds obtained were mainly used for laboratory construction and product development. According to reports, the company's main market goal in the next three years is to enter the energy storage and low-speed power market, and the five-year goal is to develop sodium-ion batteries with higher energy density and safety than traditional lithium iron phosphate batteries, and enter the new energy vehicle market.
"Qianqiu Intelligence" received tens of millions of angel round financing
A few days ago, the spiritual **digital** enterprise "Qianqiu Intelligence" completed a 10-million-level angel round of financing, which was led by Ruizi Venture Capital, and Zhonglan Kechuang served as a long-term financial advisor. The financing funds will be used for product research and development and market expansion. According to reports, Qianqiu Intelligence was established in 2021 and provides a full-process digital solution for autistic children based on VR technology, including early diagnosis, training, and post-training evaluation.
Technology forward-looking
It is reported that Microsoft will release the first batch of AI PC products this month, equipped with the "AI Explorer" function
On March 6, it was reported that Microsoft will release Surface Pro 10 and Surface Laptop 6 on March 21, which is expected to be Microsoft's first batch of AI PC products. The devices will be equipped with Intel Core Ultra or Qualcomm Snapdragon X Elite-based processors with the latest NPUs to enhance AI capabilities.
The new products will be equipped with the "AI Explorer" function, which is also the difference between AI PCs and regular PCs, AI Explorer can work on any application, and users can use natural language to search documents, web pages, images, and chats.
With a 30% reduction in power consumption, AMD introduces a portfolio of 16nm FPGA chips
On March 6, it was reported that chip giant AMD recently launched the AMD Spartan Ultrascale+ FPGA series product portfolio. This is a new family in the company's portfolio of FPGAs (Field Programmable Gate Arrays) and Adaptive SoCs (System Level) for cost-sensitive customers.
According to AMD, Spartan UltraScale+ products are built on 28nm and below, while the latest FPGA chips are built on a 16nm FinFET advanced process with up to 572 IO and up to 3.With 3V voltage support and up to 30% lower power consumption, it can be applied to scenarios such as embedded vision, healthcare, industrial networking, robotics, and **.
Wuling Binguo PLUS was officially launched, 8Minimum sale is 980,000 yuan
On March 6, Wuling Motors officially announced that its pure electric SUV Wuling Binguo PLUS was officially launched, with a total of 2 configuration models of 401km flagship version and 510km flagship version, and the official guide price was 8980,000 yuan, 9880,000 yuan. Wuling Binguo PLUS is positioned as a small car, with a new exterior design, compared with the ordinary version of Wuling Binguo, the new car size and mileage have been improved.
Three pure electric models of Changan Qiyuan A07 were launched, with a price of 1359-15.990,000 yuan
On March 7, it was reported that Changan Qiyuan A07 true fragrance version of 3 pure electric models was launched (the current model Qiyuan A07 provides extended range and pure electric dual power), with a cruising range of 515km and 710km optional, the 710km version is new, and the official guide price is 1359-15.990,000 yuan
It is reported that in 2024, there will be a total of seven new cars in Changan's own brands, specific to Changan Qiyuan sequence, in addition to the current layout of the A series, Q series and E0 series, this year will also release a Qiyuan E07.