BYD: Price reduction! Tesla: I'll drop too! Apple: I'm quitting! Ma Yun Lei Jun paid tribute to Zong Qinghou; Kuafu's fried skewers raised 500 million.
Capital events
SF: intends to resubmit the listing application in Hong Kong
It is reported that SF Holdings plans to resubmit an application for listing in Hong Kong, which may raise $1 billion to $2 billion. It is reported that SF Holdings submitted its listing application for the first time on the Hong Kong Stock Exchange on August 21, 2023, and the prospectus is valid for 6 months. The application expired on February 21, 2024. As for fundraising, the current fundraising is expected to be lower than last year's projected target of $2 billion to $3 billion. (Retail Circle).
The old lady's uncle sprinted to the IPO of the Beijing Stock Exchange
On February 27, the old lady's uncle announced an official sprint to the IPO of the Beijing Stock Exchange. On February 26, the Zhejiang Securities Regulatory Bureau accepted the application for the initial public offering submitted by the old lady's uncle** and listed on the Beijing Stock Exchange, which means that the old lady's uncle has entered the counseling stage to prepare for listing on the Beijing Stock Exchange. Winshang.com).
Yu Minhong: New Oriental Cultural Tourism will be listed separately
Yu Minhong responded to questions related to New Oriental Cultural Tourism in the talk show. He said that cultural tourism has expanded from a department to a group scale, and decided to do a learning-oriented cultural tourism. When asked about the high level of New Oriental Cultural Tourism, Yu Minhong responded, "We are indeed higher than others, but we can ensure that middle-aged and elderly people are not deceived, and we will tell the participants that every penny is spent on, they are more assured, and the current sales are okay." He mentioned that New Oriental Cultural Tourism will be listed separately, becoming the third listed company after the selection of New Oriental Oriental. And the cultural tourism team continues to use the original education team, and there is no possibility of loss. (Blue Whale Finance).
Nova Coffee revealed its listing plan and will conduct a Series C financing at the end of the year
NOWWA will carry out Series C financing at the end of this year, and is currently in contact with leading institutions and a local ** in Zhejiang, and plans to reach the "scale of 10,000 stores" in 2026 and strive for IPO. Nova Coffee was founded in 2019, and CEO Guo Xingjun is the former COO of Ele.me. According to the analysis information of Smartbeast, Nova Coffee has received a total of 5 rounds of investment since its establishment, and the most recent financing occurred in December 2021, with the financing round being B+ round, and the investment brochure shows that the company's cumulative financing amount exceeds 400 million yuan. (International Finance News).
Personnel changes
Zong Qinghou, founder and chairman of Wahaha, passed away
On February 25, Wahaha released an obituary: Comrade Zong Qinghou, founder and chairman of Wahaha Group, passed away at 10:30 on February 25, 2024, at the age of 79. The funeral committee of Comrade Zong Qinghou of Hangzhou Wahaha Group is scheduled to hold a memorial service at 10 a.m. on February 28, 2024 at the Xiasha base of Hangzhou Wahaha Group (the intersection of No. 10 Street and No. 5 Street, Baiyang Street, Qiantang District, Hangzhou).
Ma Yun sent a joint to mourn Zong Qinghou, the founder of Wahaha
At 10:30 on February 25, 2024, Zong Qinghou, founder and chairman of Wahaha Group, died in Hangzhou at the age of 79 due to ineffective medical treatment. Alibaba founder Ma Yun sent a message to save the couplet: "It's not too late to fight forty years in life, the spirit of a pioneer; Entrepreneurship is difficult to seek innovation all night, and the true character of entrepreneurs. In addition, Lei Jun, founder, chairman and CEO of Xiaomi Group, also sent a message of condolences: "I read a book about him more than 20 years ago, and I was deeply impressed and admired. A generation of legends, all the way well. (Zhejiang**).
Zong Fuli took over the position of Wahaha e-commerce
Aiqicha APP shows that on February 23, Hangzhou Wahaha e-commerce *** underwent industrial and commercial changes, and Zong Qinghou stepped down as the legal representative, executive director, and manager, and was replaced by his daughter Zong Fuli. Hangzhou Wahaha E-commerce Co., Ltd. was established in March 2020 with a registered capital of 200 million yuan, and its business scope includes food sales, food Internet sales, Internet information services, general goods warehousing services, agricultural and sideline products sales, etc., which are wholly owned by Wahaha Commercial Co., Ltd.
Tmall** changes in the senior management of many companies, Taotian: changes in conventional industrial and commercial registration information
A few days ago, a number of companies under Ali have undergone industrial and commercial changes. Specifically, Wang Hai stepped down as the legal representative of Zhejiang Tmall Technology, and Jiang Fang served as the legal representative; Liu Peng stepped down as the legal representative of Zhejiang Tmall Network, and Liu Bo served as the legal representative; Wang Mingqiang stepped down as the legal representative of Zhejiang ** Network, and Chen Weiye served as the legal representative; In addition, Wang Hai also stepped down as the legal representative of Hangzhou Alibaba Advertising *** and was replaced by Yu Yong. In response, Taotian insiders responded that this is a regular change in the industrial and commercial registration information of a subsidiary. (Oriental Fortune Network).
TikTok replaces Head of Trust & Safety
According to people familiar with the matter and internal memos, TikTok has replaced several executives, including the head of trust and safety for content moderation. It is reported that Adampresser, head of application operations at TikTok, who reports directly to CEO Zhou Shouzi, will take over the leadership of the trust and safety department. A TikTok spokesperson confirmed that CormacKeenan, who previously led global trust and safety efforts, will take on a strategic advisory role on the senior leadership team. (Interface News).
New energy
BYD reduced the price of 8 main models in 12 days
On March 1, BYD set off another wave of "electricity is lower than oil" and launched the BYD Song Pro DM-i Glory Edition, with a starting price of 10980,000 yuan.
From February 18 to March 1, in the 12 days after the end of the Spring Festival holiday, BYD intensively released the "Glory Edition" of eight main models, which accounted for 66% of BYD's sales last year. (In the past two years, BYD will call the two series of annual facelifted new cars of Dynasty and Ocean, last year it was the "Champion Edition" and this year it was the "Glory Edition.") Compared with the Champion Edition, the Glory Edition has a maximum drop of more than 30,000 yuan in terminal pricing when the configuration is not adjusted much. The price reduction of a similar magnitude runs through almost the entire product line of BYD. A person close to BYD's product department said that it was not until about a week before the release that the Honor Edition of a certain model was decided to finalize**, and he was involved in the whole process of the facelift of this model, but "I didn't expect it to drop so much". (Late auto).
Tesla officially announced a preferential policy for car purchases, and the maximum discount for new Model Y cars is close to 350,000 yuan
On March 1, Tesla's official blog announced that it announced three blockbuster policies for Model 3 and Model Y at the same time: 8,000 yuan limited-time car insurance subsidy, 2,000 yuan designated car paint and current car limited-time *** limited-time cash car financial low interest. It is understood that after the superposition of various discounts, the maximum discount is close to 350,000 yuan
It is reported that this is not the first time Tesla has cut prices in 2024. On January 12, Tesla's official website in China was updated to adjust the prices of the Model 3 Y rear-wheel drive version and long-range version, ranging from 6,500 to 15,500 yuan. After the adjustment, the Model 3 starts at 24590,000 yuan, Model Y starting at 25890,000 yuan. **After the adjustment, it also makes the Chinese market Tesla cars **lower than other countries in the world. Take the Model Y rear-wheel drive version as an example, the Chinese market 25The starting price of 890,000 yuan is more than 100,000 yuan cheaper than that of Germany, France, Canada and other markets.
Apple abandons a ten-year car-building plan to switch to artificial intelligence
In the early morning of February 28, Beijing time, Bloomberg released heavy news that Apple has shelved and canceled all development plans for self-driving electric vehicles. It is reported that Apple's chief operating officer, Jeff Williams, issued an internal letter informing the automotive project team of about 2,000 people that the project has been canceled, and the vast majority of them will be transferred to the artificial intelligence department to work on the research and development of generative AI under the leadership of John Giannandrea, the head of artificial intelligence. (Interface).
What is worth investing in
[New consumption].
Kuafu fried skewers completed Series B financing
Kuafu Fried Skewers announced the completion of Series B financing, co-led by Yue Capital and Jue Li**, followed by Fuji Capital and old shareholder Huaying Capital, and Weilan Capital served as the exclusive financing advisor. So far, Kuafu fried skewers has completed nearly 500 million yuan in financing, becoming the brand with the highest total financing amount of snack chain in recent years.
[New Infrastructure].
Cosmetics raw material manufacturer "Guanchen Biotechnology" completed tens of millions of yuan in angel round financing
Cosmetic raw material supplier "Guanchen Biotechnology" recently completed an angel round of financing of tens of millions of yuan, led by Shunwei Capital, and followed by the last round of investors to pass on new seeds. It is reported that this round of funds will be mainly used for research and development and the construction of new production lines. Founded in September 2021 and located in Huzhou, Zhejiang, Guanchen Biotech develops innovative ingredients for cosmetics with the concept of "science and technology creates beauty". At present, Guanchen Biotech has business cooperation with domestic cutting-edge brands and international cosmetics companies, and some cooperative products have been listed.
E-commerce financial reports
Vipshop's GMV exceeded 200 billion yuan for the first time
Vipshop released its fourth quarter and full-year 2023 results. Benefiting from the continuous recovery of apparel consumption, the company's annual GMV exceeded 200 billion yuan for the first time. In 2023, Vipshop will achieve net revenue of 112.9 billion yuan, a year-on-year increase of 94%, non-GAAP net profit was 9.5 billion yuan, a year-on-year increase of 391% 。The annual GMV was 208 billion yuan, a year-on-year increase of 187%, and the number of active users was 87.4 million, an increase of 39% 。Financial graffiti).
Yanjin Shop's net profit in 2023 will increase by nearly 68%.
The operating income of Yanjin Shop in 2023 is 411.5 billion yuan, a year-on-year increase of 4222%；Net profit attributable to parent company was 50.5 billion yuan, a year-on-year increase of 6757%。The growth was mainly due to the rapid development of multiple channels and categories in 2023. In addition to advantageous bulk, Yanjin Shop in 2023 will be making every effort to develop quantitative packaging, small commodities and mass sales products to meet the snack needs of consumers in various scenarios; In terms of channel coverage, in addition to maintaining the advantages of the original KA and AB supermarkets, it focuses on the development of e-commerce, snack mass merchandisers, CVS, campus stores, etc., and has in-depth cooperation with the current popular snack mass merchandiser brands such as Snack Busy, Zhao Yiming, and Snack Youming.
Bloomage Biotech's net profit in 2023 will decrease by 39 percent year-on-year50%
On February 28, Bloomage Biotech released a performance report, and the company's operating income in 2023 will be 608.1 billion yuan, down 437%；Net profit 58.7 billion yuan, a year-on-year decrease of 3950% 。Among them, the raw material business still achieved steady growth, the medical terminal business maintained rapid growth, and the functional skin care products business showed a phased decline, because functional skin care products accounted for the largest proportion of the company's total operating income, so the total operating income decreased slightly compared with the same period last year. (*Times).
Dingdong Grocery Shopping: Fourth-quarter revenue of 49900 million yuan
Dingdong Grocery released its fourth quarter 2023 performance report. According to the financial report, Dingdong Grocery achieved revenue of 49 in the quarter900 million yuan, GMV of 55300 million yuan, with a net profit margin of 0.0 on a non-GAAP basis3%。It is worth noting that as of the end of the quarter, Dingdong has achieved profitability under the non-GAAP standard for five consecutive quarters, and also achieved the first annual profit under the non-GAAP standard.
Tea Baidao's net profit last year exceeded 1.2 billion yuan
On February 23, Chabaidao updated its prospectus and continued to promote the listing process on the main board of the Hong Kong Stock Exchange. The prospectus has updated the data to December 31, 2023. In 2023, the total retail sales of Chabaidao stores will be about 16.9 billion yuan, and the company's revenue will be 570.4 billion yuan, adjusted net profit of 125.8 billion yuan. (IPO knew earlier).
Huitongda network half-year summary: profit 3800 million is an increase of 68%.
Huitongda Network, which has only been listed for more than a year, has released its 2023 interim results. In the first half of this year, Huitongda's revenue reached 43.4 billion, a year-on-year increase of 66%, and profit in the reporting period was 3800 million, a year-on-year increase of 68%, and the profit was further expanded. Huitongda's net profit attributable to the parent reached 2500 million, a year-on-year increase of 118%, and operating funds also reached 600 million, with a positive inflow for five consecutive years. As of the first half of this year, the number of registered member stores of Huitongda exceeded 2170,000, a year-on-year increase of 13%. (Gelonghui).
Business in the data
Nai Xue's tea shop investment budget has been lowered to 580,000 yuan
From February 28, the investment budget of Nai Xue's tea shop has been lowered to 580,000 yuan. The reduction mainly involves equipment and props, decoration and initial distribution costs. At the beginning of the opening of the franchise in July 2023, the minimum investment budget threshold for a single store in Naixue is 980,000 yuan.
According to people familiar with the matter, Naixue has adjusted the store model, and on the basis of adhering to the "tea + baking" business strategy, franchisees can flexibly choose coffee machines and other configurations according to the actual needs of the market. As of the end of February this year, the number of Naixue's tea stores nationwide has exceeded 1,800, of which 80% of the stores have a GMV of 4.8 million yuan; More than 200 franchise stores have been opened, and the monthly turnover of many stores exceeds 700,000 yuan. (36 Krypton).