Liang Jianzhang: Low fertility will lead to insufficient innovation; Microsoft's stock price hits record high|Business reference

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Liang Jianzhang: Low fertility will lead to insufficient innovation; Jia Yueting China Speech: No matter whether you succeed or fail, never give up; Tesla: Purchase of Model 3 existing cars before the end of June to enjoy a subsidy of 8,000 yuan; A feast for tech stocks! Microsoft shares hit record highs; Alibaba layout in Europe will establish a "European version" of Tmall; Hard Nvidia AI chip AMD launches GPU "accelerator" MI300...

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Liang Jianzhang: Low fertility leads to insufficient innovation

Recently, Liang Jianzhang, chairman of the board of directors of Ctrip Group and a population economist, said in an interview that the fundamental factor affecting scientific and technological innovation is population. Not only that, population decline will eventually affect economic strength and comprehensive national strength, and will also affect everyone's income. He said that population is the most important element for innovation, because a large number of R&D personnel is needed, and the more R&D personnel, the more scientists are produced, and the more top designers and entrepreneurs. (Phoenix Finance)

Jia Yueting China Speech: Regardless of success or failure, never give up

The 15th China Automotive Blue Book Forum was held in Wuhan on June 15-17, 2023. Jia Yueting, founder and chief product and user operation officer of FF, delivered a speech in the form of a video. Jia Yueting said that in July 2020, FF landed on NASDAQ, which was originally a good opportunity to leverage the US capital market and user market, but encountered severe challenges that were not expected at all. He also said: "As an eternal entrepreneur, I never give up and always move forward, regardless of success or failure. (Wall Street News)

Large companies

Tesla: Purchase of Model 3 existing cars before the end of June to enjoy a subsidy of 8,000 yuan

According to Tesla's official Weibo, the Model 3 current car is officially launched in June limited time incentive, from June 16 (inclusive) to 30 (inclusive), purchase of Model 3 rear-wheel drive version of the current car and complete the delivery can enjoy 8,000 yuan insurance subsidy and preferential interest rate loan plan. As of the close on June 15, local time, Tesla was trading at $255.9, down 0.35%, with a market value of $811.08 billion.

Vanke: Apply for an extension to June 29 to reply to the Shenzhen Stock Exchange's inquiry letter on A-share fixed increase

On June 15, Vanke issued an announcement on the postponement of the Shenzhen Stock Exchange's response to the Shenzhen Stock Exchange's inquiry letter on the company's issuance of A-shares to specific targets. According to the announcement, as some of the matters involved in the Inquiry Letter still need to be further implemented and improved, it is difficult for the company and relevant intermediaries to complete the reply within 15 working days. Previously, Vanke issued a prospectus for the total amount of funds to be raised, not exceeding RMB15 billion. (The Paper)

A feast for tech stocks! Microsoft's stock price hit an all-time high

On Thursday, Eastern time, Microsoft shares closed up 3.19% to $348.10, hitting a record high, becoming the third large technology company to reach a new high market capitalization this year after Nvidia and Apple, with a total market value of about $2.6 trillion. So far this year, Microsoft's stock price is up 45%, and its market value has increased by about $800.6 billion. (Wall Street News)

Alibaba Layout Europe will establish a "European version" of Tmall

Michael Evans, President of Alibaba Group Michael Evans told the media that the group will expand one of the most important domestic e-commerce websites "Tmall" to Europe, hoping to establish a local business and online platform in Europe, which marks another important step in Alibaba's international layout. Evans also mentioned that the company will bring the Chinese e-commerce service platform "Tmall" to Europe. (CaiLian News)

Superstar Legend bizarrely withdrew the IPO or due to insufficient subscription to bind Jay Chou?

June 13 was supposed to be the day when the legend of the superstar landed in Hong Kong stocks. However, on June 9, four days before the listing, the company suddenly issued an announcement that after considering the current market environment and with the consent of the company's shareholders and selling shareholders, it had decided to delay the listing, and all the money for the subscription of shares would be fully refunded to all applicants without interest. According to the information, the main business of Superstar Legend includes new retail business and IP creation and operation, and Jay Chou is his main star IP. (Changjiang Business Daily)

Investment and financing

Yunman Cold Transportation completed B round of financing The number of refrigerated trucks registered on the platform exceeded 270,000

On June 15, the digital cold chain platform "Yunman Cold Transport" announced the completion of the B round of financing of hundreds of millions of yuan. The Series B financing was jointly led by Heart Capital and GGV Jiyuan Capital, with Xianghe Capital and Sinotrans Industry Fund cooperating. Among them, Xianghe Capital is also the lead investor of Yunman Cold Transportation Series A financing, and continues to increase investment in this round. Yunman Cold Transportation is a service platform focusing on one-stop cold chain incubated by Manbang Group, headquartered in Nanjing. (Economic Observation Network)

Billy Information completed a series A financing of 210 million yuan

Beijing Billy Information Technology Co., Ltd. (hereinafter referred to as "Billy Information") announced the completion of a series A financing of 210 million yuan. The investor in this round is Kukai Technology. It is understood that in addition to the company's main business, this round of financing will also develop the company's "second business curve" large health and elderly care industry, provide new infrastructure capabilities for smart elderly care for "elderly care community" and "community pension" group customers, and create an age-appropriate digital traffic platform for Chinese elderly. (Beijing Business Daily)

Mingkun Technology completed a multi-million yuan angel round of financing

Recently, Mingkun Technology completed a multi-million yuan angel round of financing, this round led by Jiacheng Capital, followed by the well-known VR game studio Caveman Technology, and the old shareholder Linge Venture Capital continued to raise. This round of funding will be used for team expansion, product operation, and continued research and development and iteration of its VR game "Smash Bros." Mingkun Technology is a VR game developer, focusing on the basic research and development of VR games, as well as the gameplay, numerical values, and underlying architecture design of games. (IT Orange)

New technologies/products/services

AMD launched the GPU "accelerator" MI300

When NVIDIA rushed into the "trillion dollar club" under the computing power dividend, its old rival AMD (American Chaowei Semiconductor Company) also launched the latest GPU products. On June 13, Eastern time, AMD CEO Su Zifeng introduced this AI chip called "accelerator" - MI300, whose memory far exceeds the 120GB NVIDIA GPU chip H100, up to 192GB, in addition, a single MI300 can also support 80 billion parameters of the model run, in a single GPU to achieve ultra-high model carrying dimension, AMD is undoubtedly in the "hard" NVIDIA. (Economic Observation Network)

Beijing opens the approval of advanced assisted driving map High-end intelligent driving can go to the third ring road

The Beijing Municipal Regulatory Authority has expanded the scope of approval for advanced assisted driving maps. Xpeng Motors moved quickly and announced on June 15 the opening of advanced driver assistance functions in Beijing. Xpeng Motors said that the advanced driving assistance functions opened this time are applicable to all ring roads and major expressways in Beijing. The reporter learned that the scope of application of this function covers the third ring, the fourth ring and other ring lines, as well as the contact line connecting different ring lines. (Caixin)

*Title image purchased from Visual China