Station B sent a long text in response to the sudden death of employees, Apple launched a click payment function, and Heytea laid off employees

Planner 丨Fanny

Business Circle✦

1. Fast Dog Taxi is expected to go public on March 3, and UBS has given a valuation of up to HK$19.7 billion

On February 9, it was reported that GOGOX, an online same-city logistics platform heard by the Hong Kong Stock Exchange on February 6, was undergoing a pre-market roadshow. UBS expects GOGOX's revenue to reach RMB660 million, RMB1.19 billion, RMB2.37 billion and RMB4.70 billion between 2021 and 2024, representing a COMPOUND annual growth rate of up to 93% between 2021 and 2024.

UBS's valuation of GOGOX ranges from HK$13.8 billion to HK$19.7 billion, which equates to a forecast price-to-sales ratio of between 10.2 times and 13.2 times this year, and much higher than the average price-to-sales ratio of logistics and transportation service platforms including Dada and Manbang, which is only about 2.9 times.

2. After Nvidia abandoned the acquisition, SoftBank plans to list Arm

After Nvidia abandoned its proposal to buy chip design firm Arm in the face of backlash from regulators and customers, SoftBank Group said it planned to let Arm conduct an initial public offering (IPO). The Japanese company said it aims to IPO in the U.S. in the fiscal year that ends in March 2023. In addition, after Simon Segars leaves office, Arm President Rene Haas will replace him as CEO.

The failure of arm's merger is the latest challenge for SoftBank founder Masayoshi Son, who has been hit hard by the downturn in the tech market. The Japanese billionaire's stake in the likes of DIDI and DoorDash Inc. plummeted after investing heavily in startups. SoftBank's own stock price is down 50 percent from its peak in March.

3. Cybersecurity company Mandiant surged nearly 18 percent, with rumors that Microsoft intends to acquire it

Joining Mandiant will build Microsoft's product library to protect customers and address cybersecurity threats. Microsoft acquired two smaller cybersecurity companies in 2021 and said last month that the company's security software sales reached $15 billion in 2021, up nearly 45 percent year-over-year. The company appointed Charlie Bell, Amazon's former head of cloud operations, to security last year and said the company has 3,500 employees responsible for securing customers "from chip to cloud."

Anurag Rana of Bloomberg Intelligence said: "This is a smart move for Microsoft. "In the future, cloud services with most security features will win." He said the deal will allow Microsoft to better compete with companies that are only focused on security and could prompt rivals in the cloud computing space, Amazon and Alphabet Inc. Google launched a similar acquisition.

Industrial Circle✦

1. Station B issued a long text in response to the sudden death of employees

Late yesterday (February 8), the official Weibo account of Station B , @Bilibili Danmaku.com, posted an article formally and publicly responding to the matter. After the death of "Twilight Wood Heart", the family and colleagues were plunged into great grief and shock, and the relevant communication and aftermath work were once in chaos. In this regard, Station B expressed its deep apologies to the family of "Twilight Wood Heart". The circular pointed out that on the 8th, Station B sent a special team to Wuhan to comfort the family of "Twilight Wood Heart" and has communicated with the family about the aftermath. Station B will expand the enrollment of 1,000 auditors this year and increase the number of employee physical examinations.

Meta clarified: The company is definitely not threatening to leave the European market

Meta Platforms, the parent company of social media Facebook, said it would pull Facebook and Instagram out of Europe if it could not transmit user data to the United States with legal guarantees. On Monday, German Economy Minister Habeck told reporters at an event in Paris, "After my account was hacked, I haven't used Facebook or Twitter for four years, and the quality of life is still very good." French Finance Minister Le Maire, who attended the meeting, also added, "I can also confirm that life without Facebook is very good." Digital giants must understand that the Continent is determined to uphold (data) sovereignty. This behavior is interpreted as a "threat" to leave the European market. Today, this "meta-universe company" hastened to clarify that this is absolutely nothing.

3, Heytea big layoffs: involving 30% of employees, employees said that the gang formation of executives is very obvious

It is reported that Xicha is implementing layoffs internally, and employees have different opinions about the reasons for this round of layoffs. A more common view is that Heytea has performed poorly in the past year, although it has made money but has negative growth in net profit, "may be forced by financial pressure to prepare for listing." Streamlining human resources can make the financial report look better", "Now everyone's state is lying flat, and strive to be laid off", a number of Xicha employees said bluntly. At present, most of the employees of Xicha are in a state of "lying flat" and "waiting and seeing". This large-scale layoff has caused Heytea's excessive overtime, year-end bonus delays, company infighting and other problems to erupt in a concentrated manner, making employees extremely negative.

4. After the CEO is replaced, Peloton will have two more generals leave

Recently, Sam Bowen, Peloton's vice president of hardware engineering, and Rob Barker, head of commercial operations, will leave the company. Bowen led the development of the company's bikes, treadmills, heart rate monitors, and yet-to-be-released Guide devices, while Buck served as CEO of Precor, a company acquired by Peloton that primarily provides gyms and hotels with exercise bikes.

In an article announcing his departure on LinkedIn, Barker said: "After 27 years in different roles at Precor, Amer Sports and Peloton, I went from being a full-time executive at one company to a small entrepreneur and professional consultant in the fitness industry. The news of the duo's departure — called part of the company's "big reshuffle" — came after Peloton CEO and co-founder John Foley announced his resignation and was replaced by Spotify and Netflix's former chief financial officer, Barry McCarthy.

Technical circle ✦

1. Apple launched the click payment function

Apple announced on its official website that it plans to launch a "tap to pay" feature on the iPhone, a contactless payment method. Merchants simply prompt customers to pay using an iPhone close to the merchant, such as an iPhone or Apple Watch, and the payment will be done securely via NFC technology. No additional hardware is required to use the Pay-Per-Click feature, and all transactions using the feature are encrypted via a secure element.

2. IBM launches next-generation flash products aimed at dealing with ransomware and other cyberattacks

IBM unveils next-generation flash products aimed at countering the growing severity of ransomware and other cyberattacks. IBM FlashSystem Cyber Vault is designed to help companies detect and recover from ransomware and other cyberattacks more quickly; The new FlashSystem storage model based on IBM Spectrum Virtualize provides a single and consistent operating environment designed to improve network resiliency and application performance in a hybrid cloud environment.

3, the European Union announced the "Chip Act": invested 49 billion US dollars to promote chip manufacturing

European Commission President Ursula Von Der Leyen said the EU is currently too dependent on overseas suppliers to make the most advanced chips. And chips are at the heart of the global technology race and, of course, the cornerstone of our modern economy. The goal of the EU's Chip Act is to increase the EU's chip production capacity from 10% to 20% of the world's current global capacity by 2030.

Von der Leyen also said: "The epidemic has also exposed the fragility of Supply Chains in Europe. "The production of cars and other commodities has been hit by chip shortages. In addition, the European Union is also adjusting state aid regulations to allow huge subsidies for cutting-edge factories.