Musk became the world's largest shareholder of Twitter; Weichai's chairman warned that overcapacity of new energy vehicles | a commercial reference

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Today's highlights

Musk became the world's largest shareholder of Twitter; Weichai's chairman warned of overcapacity of new energy vehicles; the head of Sequoia Capital retired, and Shen Nanpeng continued to serve as the global managing partner; The collective trademark of "Putian Shoes" was approved; Volkswagen Group recalled more than 100,000 hybrid vehicles; BYD announced the suspension of production of fuel vehicles; H&M Group will close more than 200 stores this year; iQIYI invested in Guangzhou Dewdrop Technology; and a number of domestic new crown mRNA companies turned to the development of broad-spectrum vaccines...

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Musk became Twitter's largest shareholder in the world

Twitter surged more than 27 percent on Monday, its best single-day performance since the first day of its IPO closed, and continued to rise on Tuesday, April 5, when it closed with a 2.02 percent gain, a five-month high since mid-November last year. Twitter's stock price rose more than 32% in a two-day strong row, all related to the dynamics of Tesla CEO Musk. After disclosing on Monday that he held a passive stake in Twitter, becoming Twitter's largest individual and outside shareholder, he was invited to Twitter's board on Tuesday. (Sina Finance)

Weichai Chairman Tan Xuguang: New energy vehicles will have a catastrophic overcapacity

Tan Xuguang said, "Double carbon, including new energy, can not be divorced from reality, eager to achieve, engage in sports carbon reduction, and step on the brakes." "In recent years, the new energy industry has been more lively, there has been a "rush to get on the horse", and then disorderly competition, new energy vehicles, especially passenger cars, will appear a catastrophic overcapacity. He also said that there are many companies involved in private activities, inflating wealth through the capital market, resulting in disorderly capital expansion of new energy in the capital market. (Securities Times)

Sequoia Capital retired and Shen Nanpeng continued to serve as global managing partner

Doug Leone, Sequoia Capital's Global Senior Managing Partner, has just announced that he will retire in July this year, and Roelof Botha, Sequoia's head of USA/Europe, will succeed Doug Leone, and Nanpeng Shen of Sequoia China will continue to serve as global managing partner. Previously, the outside world had speculated that Sequoia Capital would "part ways" with Sequoia China, but the clear message this time showed that Sequoia is still highly optimistic about the Chinese market, and under the common brand, Sequoia Usa and Sequoia China will continue to be the two most important investment carriers of Sequoia. (Investment community)

Large companies

The collective trademark "Putian Shoes" was approved

On April 5, according to the news of China News Network, it was learned from the Putian Footwear Association that the collective trademark of "Putian Shoes" has been approved and successfully registered by the State Intellectual Property Office. This is the first collective trademark of the shoe industry in Fujian Province named after the place name of the municipal administrative division.

The exposed pictures show that in the graphic trademark of "Putian Shoes", the LOGO takes the shoelaces as the composition creativity, outlines the pinyin initials of putian two words "P" and "T", it is reported that the currently registered "Putian Shoes Graphics" collective trademark is valid until February 27, 2032, and the approved use of goods/services includes sports shoes, children's sports shoes, casual shoes, lightweight rubber shoes, foot protection safety shoes, tourist shoes, children's travel shoes and leather shoes. (IT House)

NIO is negotiating with competitors to license battery replacement technology

On April 5, it was reported that Zhang Hui, vice president of NIO, said that NIO was negotiating with domestic and international automakers for licensing its battery replacement system. NIO aims to build 1,000 battery swap stations in Europe and the United States by 2025.

Weilai believes that the power exchange technology can win the support of European drivers, due to the scarcity of charging stations and the longer time required to charge, affecting the willingness of European users to buy electric vehicles. Automakers using NIO's power exchange system will need to use NIO's platform to produce cars in order to be compatible with battery swap facilities. (NetEase Technology)

The Volkswagen Group recalled more than 100,000 hybrid vehicles

According to Reuters, a spokesman for the German automaker Volkswagen Group recently said that more than 100,000 plug-in hybrid vehicles will be recalled worldwide due to the risk of fire. The reporter learned from Volkswagen China on April 2 that the recall did not involve the Chinese market. The 100,000 vehicles recalled this time include not only Volkswagen brand models, but also Skoda, Audi and other models. Among them, the Volkswagen brand will recall 42,300 vehicles worldwide, and Audi will recall 24,400 vehicles. (CCTV Finance)

Xiaomi responded to the "Xiaomi Mi 11 performance is limited" remarks

Recently, Geekbench co-founder John Poole said that Xiaomi seems to be limiting performance according to the name of the app, and disguising Geekbench as Fortnite will cause Xiaomi 11's single-core performance score to drop by 30% and multi-core performance score by 15%. Xiaomi responded that It employs temperature management strategies to ensure the best product experience. At the system level, all optimizations related to application performance weigh many fundamental factors, such as power consumption, performance, and heat dissipation.

BYD announced that it will stop production of fuel vehicles

Recently, BYD Automobile officially announced that it will stop the production of fuel vehicles from March 2022 in accordance with its strategic development needs. BYD said, "In the future, BYD will focus on pure electric and plug-in hybrid vehicles in the automotive segment. This marks that BYD has become the first car company in the world to officially announce the suspension of fuel vehicles. BYD sold a total of 104,900 vehicles in March, an increase of 422.97% year-on-year, all of which are new energy vehicles and do not produce and sell fuel vehicles. (The Paper)

The fire loss of Xiao bear electrical appliance cooperative warehouse was 55 million yuan

On April 5, XiaoXiong Electric Appliance issued an announcement that a fire accident occurred in the supply chain of the company's cooperative warehouse, and the supply chain promised to bear full compensation liability for the losses caused by the company in this accident. According to preliminary statistics, the damaged goods entrusted by the company to the supply chain of Zhongcang to keep and provide delivery services are worth about 55 million yuan. The company's emergency allocation of inventory products has made this fire accident less impactful on recent sales and shipments.

H&M Group will close more than 200 more stores this year

Swedish apparel retailer H&M Group disclosed its financial results for the first quarter of fiscal 2022 ended February 28. According to the earnings report, H&M Group only opened two new stores in Arket and H&M Home in the quarter. As of February 28, the total number of stores under all its brands was 4,721, a decrease of 228 from the same period last year. H&M Group said in its earnings report that it plans to open 95 new and 224 stores in 2022, respectively. (Interface)

Amazon signed a launch agreement that will form a satellite Internet

Amazon has signed rocket launch deals with three companies and is ready to invest billions of dollars to launch satellites to form a space internet satellite cluster, similar to SpaceX Starchain, a project called Project Kuiper. According to the plan, Project Kuiper will launch two prototype satellites by the end of this year. An Amazon spokesperson said: "We have signed three agreements to invest billions of dollars. Taken together, they are the largest commercial launch vehicle purchase order ever. (Sina Technology)

Tesla delivered 310,000 vehicles in the first quarter, a record high

Tesla released the first quarter of 2022 delivery report, the data shows that in the first quarter of 2022, Tesla's global delivery volume exceeded 310,000 vehicles, and production exceeded 305,000 units, a new high. Deliveries of 184,800 units increased by 67.7% year-on-year compared to the same period last year. Among them, the first quarter of the Model 3 and Model Y deliveries reached 295,300 units, accounting for 95% of the total deliveries; Model S and Model X deliveries were 14,700 units. (The Paper)

Investment and financing

Sources said that China's cross-border e-commerce Shein sprinted to a valuation of 100 billion US dollars

According to people familiar with the matter, Shein, a Chinese cross-border fashion e-commerce company focusing on overseas markets, is considering a new round of financing, with a target valuation of about $100 billion. The company is in talks with potential investors in hopes of raising about $1 billion. Shein's investors include Tiger Global Management, IDG and Sequoia Capital, among others.

iQIYI invested in Guangzhou Dewdrop Technology

Recently, Guangzhou Dewdrop Information Technology Co., Ltd. underwent a change of industry and commerce, adding Beijing iQIYI Technology Co., Ltd. as a shareholder, and the registered capital increased to 1.1 million yuan. Guangzhou Dewdrop Information Technology Co., Ltd. was established in March 2022, and its business scope includes animation game development.

Shenzhen drug delivery system new drug development company "Coning Biologics" completed nearly 100 million yuan Pre-A round of financing

Koning Biopharmaceutical (Shenzhen) Co., Ltd. recently announced the completion of nearly 100 million yuan Pre-A round of financing, led by Longpan Investment, followed by Kaitai Capital and old shareholder Zero2IPO Investment. It is reported that "Koning Bio" is committed to the development of innovative drugs based on advanced drug delivery systems. This round of financing will be used to support the preclinical development of existing innovative pipelines such as ophthalmology and orthopedics, and accelerate the construction of subsequent R&D pipelines based on the technology platform. (Billion Euro Network)

New technologies/products/services

Microsoft introduced a cloud operating system for Win11 to adapt to the hybrid office model during the epidemic period

Beijing time on April 6 news, last July Microsoft announced the launch of the cloud operating system Windows 365 Cloud PC. Now, Microsoft is integrating more features of the Windows 365 Cloud PC into the Windows 11 operating system. Computers with Windows 11 operating system installed can directly enter Windows 365 Cloud PC Cloud OS after booting, and users can also use The virtual desktop function of Windows 11 to switch back and forth between cloud OS and local.(NetEase Technology)

A number of domestic COVID-19 mRNA companies have turned to the development of broad-spectrum vaccines to explore the fight against different variants

Beijing time on April 5 news, domestic mRNA vaccine research and development ushered in new progress. Recently, CSPC Pharmaceutical Group and CanSino Biotech have successively announced that their new crown mRNA vaccines have received clinical trial approvals and can enter clinical research.

Both of these COVID-19 mRNAs, which are being developed, have a certain broad spectrum and are intended to be used to combat multiple COVID-19 variants. The continuous mutation of the new crown virus has weakened the role of existing vaccines on the market to prevent infection, and a new generation of vaccines is urgently needed. From the current point of view, many domestic mRNA vaccines are turning to the development of broad-spectrum vaccines. (NetEase Technology)

Mercedes-Benz raised the official guidance price of some models, up 0.3 million to 76,000 yuan

According to a number of independent sources, due to the sharp rise in raw material prices and the impact of global supply chain shortages, Mercedes-Benz notified 4S stores on April 2 to raise the official guidance price of its models. Depending on the model, the adjusted price ranges from 3,000 yuan to 76,000 yuan. Mercedes-Benz E-class hybrid models have not adjusted the official guidance price, but the free service of Mercedes-Benz smart charging wall box has been cancelled. Mercedes-Benz related sales staff said: "Today (April 2), Mercedes-Benz officials issued a price increase notice letter to each 4S store. From April 3, new Mercedes-Benz cars will be sold at adjusted prices. (Future Automotive Daily)

*Title image purchased from Visual China