Musk slammed Apple; Liu Qiangdong reduced his holdings in JD Health to 440 million

NEWS

Today's highlights

Musk slammed Apple; Liu Qiangdong reduced his holdings in JD Health to cash out nearly 440 million; Rui Dalio: The bubble of U.S. stock technology stocks has burst; Tesla was exposed to plan to build a new factory in Shanghai; Zhengzhou Foxconn responded to point-to-point recruitment at the highway intersection; Apple may face a fine of more than 240 billion yuan for monopoly; Hengchi Automobile recruited authorized agents in 18 cities; Starbucks' net income in the Chinese market fell by 14% in Q2 of fiscal 2022; Apple opened a sale of 3 meters long Thunderbolt 4 Pro connecting line...

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Musk slammed Apple

Beijing time on May 4 news, in response to Apple's payment services by the European Union antitrust lawsuit reported, Tesla CEO Elon Musk said on Twitter on Tuesday that Apple's App Store commission is like a 30% tax on the Internet, this fee is 10 times the normal level that should have been there, certainly not.

Musk's former company, the U.S. payment service provider PayPal raised concerns about Apple's Pay service to the European Commission, helping to push the European Commission to file a formal antitrust lawsuit against Apple and its iPhone payment system, people familiar with the matter said. (Phoenix.com)

Liu Qiangdong reduced his holdings in Jingdong Health to cash out nearly 440 million

On May 4, JD Health's stock price fell by more than 8% after Liu Qiangdong reduced his holdings by more than 8.84 million shares to cash out nearly 440 million yuan. According to the data, Liu Qiangdong recently reduced his shareholding in Jingdong Health twice, involving about 8.8404 million shares, a total of nearly 440 million yuan, which is the first time that Liu Qiangdong has reduced his holdings since the listing of Jingdong Health at the end of 2020. After the reduction, its shareholding in JD Health dropped to 68.66%.

Ray Dalio: The U.S. tech bubble has burst

On May 4, Bridgewater founder Dalio believes that the bubble of innovative technology stocks has burst, but it does not mean that now is a good time to enter the market to buy goods. In January, Dalio warned that it was in an extreme bubble in innovation and technology stocks, including Tesla and Roku. Dalio highlighted other signs of a bubble, including the boom in special purpose acquisitions (SPAC) and IPOs, as well as a significant increase in options trading activity. Since then, the bubble of related technology stocks has burst one after another, and the overall decline is about one-third from last year. Dalio added that overall, U.S. stocks are still overvalued. History shows that bubbles tend to over-correct into a downtrend rather than stabilize at more "normal" price levels. (Financial Associated Press)

Large companies

Tesla was revealed to be planning to build a new factory in Shanghai

May 4 news, according to foreign media reports, Tesla is planning to double the production capacity of the Shanghai factory by building a new factory, so as to build it into the company's world's largest automobile export center.

Tesla hopes to expand Shanghai's car production capacity by building a new plant on another piece of land near the Shanghai plant's current park. The new plant is expected to produce the Model 3 and Model Y with an annual capacity of 450,000 units.

The new plan will make Shanghai "the world's largest auto export center" for Tesla, as the company is using the plant to help meet Europe's auto demand. Once completed, Tesla's production capacity in Shanghai will reach 1 million units per year. Tesla reportedly resumed production at its Shanghai factory in April and has now restored 80% of its production capacity. Tesla received significant help from the local government, and the plant quickly resumed operations after the closure. (NetEase Technology)

Zhengzhou Foxconn responded to point-to-point recruitment at highway intersections

May 4 news, recently, Zhengzhou Foxconn because of the setting of "point-to-point" recruitment at the highway intersection caused netizens to pay attention. On the 4th, the reporter learned from the human resources staff of Zhengzhou Foxconn that due to the impact of the epidemic, Foxconn suspended the recruitment of employees and is expected to resume recruitment on the 10th of this month. (Shangguan)

Apple may face fines of more than 240 billion yuan for monopoly

Recently, the EU antitrust regulator formally accused the UNITED States Apple of restricting competitors from using its mobile payment technology, and Apple may face a huge fine. According to Reuters, if the allegation is established, Apple will face a hefty fine of up to 10% of its global annual turnover, estimated at about $36.6 billion (about 241.864 billion yuan) according to the turnover data of the previous fiscal year. However, the Reuters report also pointed out that the relevant penalties in the EU have rarely been implemented according to the upper limit penalty standard before. (Tech Planet)

Tencent cancels the 13% discount recharge on a large area

Recently, most of Tencent's business recharge has completely cancelled the 93% discount, and the iOS "Glory of the King" recharge will also cancel the additional coupons. The official B station account of King Glory responded that this is a routine adjustment, which is based on business development needs and to provide users with a better experience. （36k）

Hengchi Automobile recruited authorized agents in 18 cities

On May 4, Hengchi Automobile has recently begun to recruit authorized agents. For the standard of building a store, Hengchi Automobile requires the exhibition hall area to be 200-300 square meters, and the exhibition area area is greater than 150 square meters.

In terms of the requirements for the qualification of agents, Hengchi Automobile requires agents to recognize the business philosophy and sales model of Hengchi Automobile, full of confidence in the cause, willing to invest in common development for a long time; registered by the State Administration for Industry and Commerce, with independent legal personality and legal business certificates, the registered capital is not less than 5 million yuan; there is a venue for meeting the business needs of Hengchi Automobile; it can form a qualified management team; the enterprise is in good condition and has sufficient financial strength. There are 18 cities in this investment, namely Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Hangzhou, Chongqing, Xi'an, Suzhou, Wuhan, Nanjing, Tianjin, Zhengzhou, Changsha, Dongguan, Foshan, Qingdao and Haikou. (The Paper)

BYD shares: Sales of new energy vehicles in April 106042 units

In the same period last year, it was 25,662 units, an increase of 313.22% year-on-year. In the first four months, the cumulative sales volume was 392371 units, an increase of 387.94% year-on-year. Xu Huixiong of Essence Securities expects that the company's second-quarter performance is expected to further improve significantly, and it is expected that the net profit attributable to the mother in 2022-2024 will be 80.1, 13.55 and 20.9 billion yuan respectively, with a six-month target price of 360 yuan / share. (Essence Securities)

Yonghui Supermarket reported in the first quarter, net profit increased by 2053%

The company's net profit loss for the whole year of 2021 reached 3.944 billion yuan. (e Company) performance increased significantly in the first quarter, mainly due to the low base of the same period affected by the epidemic. Overall, revenue in the first quarter of this year increased by 22.5% compared with the first quarter of 2019, and the three-year compound growth rate was 7%, far lower than the average growth rate in previous years

Starbucks Q2 Fiscal 2022 China Net Revenue Down 14%

Starbucks released its financial results for the second quarter of fiscal 2022. The report shows that Starbucks' global consolidated net income rose 15% to $7.6 billion, the highest comprehensive net income in history in the second quarter. Global same-store sales increased by 7%, driven by a 4% increase in average unit price and a 3% increase in same-store transaction volume. Same-store sales in North America and the United States increased by 12%, driven by a 7% increase in average unit price and a 5% increase in same-store transaction volume. There were 313 new stores added in the second quarter, bringing the total number of global stores to 34,630 at the end of the quarter. By the end of the second quarter, U.S. and Chinese stores accounted for 61% of the global total, including 15,544 stores in the United States and 5,654 stores in China.

But in the Chinese market, since the third quarter of last year, about one-third of the stores have still temporarily closed or only provide special star delivery and brown express services. Most stores also need to implement strict safety standards, which have an impact on passenger flow and operations. As a result, net revenue in the Chinese market fell by 14%. Same-store sales in China fell by 23% (including about 4% of VAT exemption in the previous year) due to a 20% decrease in same-store transaction volume and a 4% decrease in average unit price. At the 2018 China Investor Day, Starbucks unveiled its vision to open 6,000 stores in China by 2022. The earnings report said that despite the impact of the new crown epidemic in recent years, Starbucks still moved forward as promised, and opened a net of 97 new stores in the second quarter. （36k）

Investment and financing

Shanghai Hongzhiwei completed a new round of financing of hundreds of millions of yuan

Recently, Hongzhiwei Technology (Shanghai) Co., Ltd. completed a new round of financing of hundreds of millions of yuan, this round of financing led by the National Small and Medium-sized Enterprise Development Fund and Panhou Capital, Shanghai International Venture Capital, Longding Investment and other institutions followed, Shengyu Investment and other old shareholders continued to increase their holdings. Hongzhiwei is a domestic focus on multi-scale simulation technology research, software development and application of high-tech enterprises, the company's products and technologies can be widely used in general material design, semiconductor materials and device design and detection analysis, lithium battery material design, fine chemical material design, biomedical material design, alloy metal material design and other fields. (Love Set Micro)

Quzhou New Energy completed a new round of strategic financing

Recently, Yiyi New Energy Technology (Quzhou) Co., Ltd. once again completed a new round of financing, this round of financing led by Beijing Jingguoguan Equity Investment Fund, Qianhai Fund of Funds, Langmafeng Venture Capital, Puhua Capital, Zhejiang University Lianchuang and other institutions to follow. It is reported that this round of funds will be used to continue to invest in the research and development of a new generation of N-type batteries and scenario-based solutions for lightweight flexible components. Yixin Energy is a solar photovoltaic manufacturer located in Quzhou Green Industry Agglomeration Zone, Zhejiang Province, with a total land area of about 600 mu and a construction scale of 5GW of high-efficiency monocrystalline silicon solar cells and 3GW of high-efficiency modules. (Century New Energy Network)

Hangzhou M20 Genomics completed tens of millions of yuan pre-A round of financing

Recently, Hangzhou M20 Genomics completed tens of millions of yuan pre-A round of financing, led by Sequoia China, followed by Taiyu Investment, and the original shareholders Qiming Venture Capital and Chaosheng Capital invested in excess of proportion. It is reported that this round of funds will be used for the extension of single-cell sequencing technology in life sciences, clinical and pharmaceuticals. M20 Genomics is a life science company engaged in single-cell sequencing technology and its related applications, independently developing domestic high-throughput single-cell sequencing technology. (Flush Finance)

New technologies/products/services

Starbucks plans to launch its first NFT collection later this year

On May 3, local time, Starbucks's official website announced that it plans to launch its first NFT collection later this year. The company said it plans to create a series of branded NFT collections, with holders becoming community members and gaining access to exclusive experiences and benefits. Starbucks said it believes NFTs have broad potential as a source of revenue for value-added services and can create a new digital ecosystem to complement Starbucks' current digital platform offerings. (Interface News)

Apple opened a 3-meter-long Thunderbolt 4Pro cable

May 4 news, Apple recently launched a 3-meter-long Thunderbolt 4 Pro cable, which can be used to connect macs to Apple's Studio Display display and other compatible devices, priced at 1169 yuan.

According to the official introduction, this 3-meter cable has a black braided design, which is not easy to tangle when rolled up, and supports Thunderbolt 3, Thunderbolt 4 and USB 4 data transfer (up to 40Gb/s), USB 3.1 second-generation data transmission (up to 10Gb/s), DisplayPort video output (HBR3) and up to 100 watts of charging capacity.

Users can use this cable to connect Macs with Thunderbolt 3 or Thunderbolt 4 (USB-C) ports to displays and devices with Thunderbolt (USB-C) and USB ports, such as Studio Display, Pro Display XDR, docks, and hard drives. (IT House)