8:1 Krypton丨Musk announced the establishment of artificial intelligence company xAI; The WeChat team said it would not show that the message had been read; Reading apps were accused of recharging 700 yuan to read an online article

While the listing is ongoing

Keep

36Kr learned that on July 12, the first share of Sports Technology Keep officially landed on the Hong Kong Stock Exchange with the stock code "3650", with an opening price of HK $30.3, up 4.77% from the issue price, and a market value of HK $15.928 billion. Keep offered a total of 10,839,000 shares, including 9,754,700 shares in the international offering and 1,083,900 shares in the Hong Kong public offering. The Hong Kong public offering portion was 3.08 times oversubscribed and the international offering portion was 1.37 times oversubscribed. Keep entered into cornerstone investment agreements with cornerstone investors Fenda Technology, Shengde Group and Qunxin Machinery, with a total subscription amount of HK$76.54 million subscribed by cornerstone investors.

Top 3 big news

Musk announced the creation of xAI, an artificial intelligence company

On July 12, local time, Musk announced on social media that the team he led officially established xAI Company. xAI says the company's goal is to understand the true nature of the universe, and although it is a separate entity, it will have close partnerships with "Company X" (Twitter), Tesla and others. Greg Yang, one of the co-founders of xAI, said that the company will delve into the "mathematics of deep learning" in artificial intelligence (AI) and explore AI's "theory of everything", which will push the entire AI technology to new heights. (CaiLian News)

The WeChat team said it would not show that the message was read

On July 12, in response to netizens discussing "if WeChat shows read", Tencent's WeChat team responded: rest assured, there is no "if". Zhang Jun then forwarded and said: This issue was first discussed, many applications had this function at that time, but we believe that "read" will increase the psychological burden and social pressure of the information recipient, so from the beginning WeChat has been unswervingly not to display this function, and will not in the future. (Global Times)

Reading apps were accused of recharging 700 yuan to read an online article

According to reports, a consumer complained to the "China Consumer News" reporter: "Children read novels in reading apps, the first 1981 chapters are free, and the subsequent chapters are charged for reading by chapter, and the child renews 700 yuan for reading this novel in just half a month." But the book has been serialized to more than 3,000 chapters and is not finished, and I don't know how much it will cost to finish this novel, because there is no clear price. According to reports, fiction reading apps generally have two ways to charge. One is to charge per chapter, the price is uncertain, and the number of reading coins required for different chapters is also different. Another way is to spend 399 yuan to buy an annual membership card, which can be read as much as you want. The reporter calculated that assuming that only one novel reader in an app likes it, buying an annual pass is more cost-effective than buying by chapter. The report also said that in addition to the problem of charging, pop-up ads, automatic renewal, etc. are also problems that plague consumers, and many consumers are inadvertently deceived. (China Consumer News)

Big company/big event

Disappearing tickets are staged in scenic spots everywhere, and travel agencies lose money while grabbing tickets

Summer tour blowout travel agencies fell into a ticket shortage, data shows that the number of advance bookings of summer Beijing scenic spots increased by 2.6 times from the previous month, an increase of 4.5 times over the same period in 2019, and many scenic spots tickets were sold out immediately. The Palace Museum, the National Museum of China, the Badaling Great Wall, Tiananmen Square and other attractions continue to be in a state of "one ticket is hard to find". Travel agencies can't grab tickets, which has become one of the new phenomena in Beijing's tourism market this summer. Liu Ying, the person in charge of a tourism brand, told Times Finance that now she is facing a large number of withdrawal from the tour because she cannot grab tickets. In order to fulfill the contract as much as possible, Liu Ying also found a ticket agent to grab it, "The guests are looking for us, and we are looking for scalpers." According to Liu Ying, the cost of ticket rush fees (excluding ticket fees) in the Forbidden City has reached 100 yuan recently, and it is in a loss state after deducting various handling fees and labor fees. On July 7, 8 and 9, there was a total turnover of 620,000 yuan, of which nearly 300,000 yuan of orders were canceled, with a loss of about 10,000 yuan. (Times Finance)

The official response to Guangzhou's proposal to introduce Disney is actively seeking cooperation opportunities

Recently, some netizens left messages on the Internet, suggesting that Guangzhou should strive for the landing of China's third Disney. In response, Guangzhou Municipal Bureau of Culture, Radio, Television and Tourism responded that at present, Guangzhou is actively seeking cooperation opportunities with large-scale projects such as Disney to promote the development of Guangzhou tourism and seek benefits for the people of Guangzhou. The response said that the settlement of large-scale projects such as Disney has a great role in promoting the city's tourism development and urban consumption transformation and upgrading, and the introduction of large-scale projects is also one of the important tasks for Guangzhou's tourism development. (Yangcheng Evening News)

2023 Fortune China Top 500 Listed Companies announced

The top three companies on this year's list are: Sinopec, PetroChina and China State Construction. China Railway ranked fourth; Ping An ranked fifth, first among non-state-owned enterprises. The top 10 private listed companies are also JD.com and Alibaba, with JD.com in 7th place and Alibaba in 10th place. (Finance)

Baidu's data technology company was deregistered

36Kr learned that the Tianyancha App shows that recently, the operating status of Baidu Data Technology (Zhangjiagang) Co., Ltd. has been changed from existing to cancelled. The company was established in July 2021 with a registered capital of 1.5 billion yuan, the legal representative is Xiao Zhiwen, and its business scope includes import and export of goods, technology import and export, technical services, computer software and hardware and peripheral equipment manufacturing, etc., which is wholly owned by Baidu (China) Co., Ltd.

Douyin life service organizational structure adjustment

Douyin Life Service has recently undergone a series of organizational adjustments: Zhang Lidong, chairman and head of commercialization of Douyin Group, has begun to pay more attention to this business; A number of department heads have made job adjustments; The wine and tourism business has also been upgraded to a first-level department, parallel to the in-store business (including on-site catering and in-store integration). (LatePost later)

Preliminary plans for a manned lunar landing were announced

Zhang Hailian, deputy chief of the China Manned Space Engineering Office, disclosed at the 9th China (International) Commercial Space Summit Forum held in Wuhan this morning that the mainland plans to achieve manned landing on the moon before 2030 to carry out scientific exploration, and then will explore the construction of a lunar scientific research and test station to carry out systematic and continuous lunar exploration and related technical test verification. At present, the preliminary plan for the mainland manned lunar landing is to use two carrier rockets to send the lunar lander and manned spacecraft to the orbit of the lunar rendezvous and docking, and the astronauts enter the lunar lander from the spacecraft. After that, the lunar lander will descend and land in a predetermined area of the lunar surface, and astronauts will land on the moon to carry out scientific investigation and sample collection. (China Daily)

The Suzaku-2 Yao-2 carrier rocket independently developed by 36Kr Krypton Fund Investment Company Blue Arrow Aerospace was successfully launched

36Kr learned that according to Blue Arrow Aerospace Official Weiwei, at 9:00 Beijing time on July 12, 2023, the Suzaku-2 Yao-2 carrier rocket was launched from the mainland Jiuquan Satellite Launch Center, completed the flight mission according to the procedure, and the launch mission was a complete success. The mission was the second flight of the Suzaku-2 launch vehicle. It is understood that the Suzaku-2 Yao-2 liquid oxygen methane carrier rocket is independently developed by Blue Arrow Aerospace Space Technology Co., Ltd. and is the world's first liquid oxygen methane rocket successfully put into orbit.

China Heavy Industry: The company was suspected of violating the letter disclosure and was registered by the China Securities Regulatory Commission

36Kr learned that China Heavy Industry announced that the company received the "Notice of Case Registration" issued by the China Securities Regulatory Commission, and the CSRC decided to file a case against the company because the company was suspected of information disclosure violations and violations. China Heavy Industry also released a performance forecast, and it is expected that the net profit in the first half of the year will be 190 million yuan to 210 million yuan, which will turn losses into profits year-on-year.

Audi will buy SAIC's Zhiji electric platform? SAIC: There are no material matters that should be disclosed but have not been disclosed

It was reported that Audi was negotiating with SAIC on the purchase of its electric vehicle platform, or would purchase a platform for the Zhiji brand, SAIC responded that "at present, the company has no major matters that should be disclosed but not disclosed, and if there are important developments and involve the disclosure requirements of listed companies, the company will perform the information disclosure obligation accordingly in accordance with relevant regulations." (The Paper)

CITIC Securities responded to the "Beijing Qingba Check-in Guide": It is not a research report, it is a personal behavior of the company's employees

In response to the recent circulation of the "Beijing Qingba Incomplete Check-in Guide" with the words CITIC Securities, we learned from CITIC Securities that the document is not a research report issued by CITIC Securities Research Institute, it is written by an individual employee of the company, and the employee is not from the research department. (Shanghai Securities News)

National Development and Reform Commission: Domestic gasoline and diesel prices increased by 155 yuan and 150 yuan per ton respectively

According to the news on the website of the National Development and Reform Commission on the 12th, according to the recent changes in oil prices in the international market, according to the current refined oil price formation mechanism, from 24 o'clock on July 12, 2023, the domestic gasoline and diesel prices (standard products, the same below) will increase by 155 yuan and 150 yuan per ton respectively. Relevant price linkage and subsidy policies are implemented in accordance with current regulations. (Chinanews.com)

The three major indexes of U.S. stocks closed up collectively, and popular Chinese concept stocks rose

36Kr learned that the annual rate of CPI in the United States fell to a new low since March 2021 in June, and at the close of trading on July 12, the three major indexes of US stocks rose collectively, with the NASDAQ up 1.15%, the S&P 500 up 0.74%, and the Dow up 0.25%. Most of the big tech stocks rose, with Nvidia and Meta up more than 3%, Amazon, Google, and Microsoft up more than 1%. Popular Chinese concept stocks rose, iQiyi rose nearly 9%, Bilibili rose more than 7%, Pinduoduo rose more than 6%, Baidu, JD.com, NIO rose more than 3%, Li Auto rose 3%, Alibaba and New Oriental rose more than 2%.

NIO delayed mass production of self-made batteries and slowed equipment procurement

36Kr exclusively learned that NIO recently postponed the mass production node of self-made batteries and will promote the project according to the new time. A number of insiders in the industry chain told 36Kr that based on this, NIO has slowed down the purchase of some equipment from battery factories. In response, NIO responded to 36Kr: "According to business needs, we have postponed the mass production of batteries. The project is progressing on track according to the new mass production schedule. ”

Musk is suspected of misusing company funds to build a personal home and faces investigation by the company's board of directors

News on July 12, Tesla CEO Elon Musk was investigated by the company's board of directors for allegedly abusing the company's funds. The report said Musk was suspected of embezzling company funds to build a personal home near the Austin area gigafactory. The interior of the residence, called "Project 42", attracted the attention of employees due to the large amount of specialized glass purchased by the project. The "Project 42" residential project contains personal spaces such as bedrooms, bathrooms and kitchens, indicating that this is a private home and not a Tesla subsidiary project. Tesla's board of directors did not disclose the investigation report, which believes that the purpose of the board is to determine whether Musk participated in or led the project, and whether he appropriated employees' working hours to build personal homes for him. According to the company's regulations, any expenses involving related parties such as the CEO exceed $120,000 and must be reviewed by the board committee. Earlier, Musk said that he rented a house of only $50,000 (about 310,000 yuan) from SpaceX. Having sold his last mansion in California, he said he "doesn't plan to buy a home anywhere" to fund a colony on Mars. (IT House)

The US technology tycoon and his 17-year-old son failed to exchange blood to maintain their youth

In order to fight aging, 45-year-old Silicon Valley billionaire Brian Johnson once conducted a three-generation exchange blood experiment, infusing his 17-year-old son's plasma into his body, and then providing his own plasma to his 70-year-old father. However, the effect is not ideal. Johnson tweeted last week that he had terminated plasma therapy because he had not detected any benefit from the therapy. But he thinks the plasmapheresis could be helpful for older people, whose father's results are yet to come. (Guangming Network)

FF's interim CFO resigns and Jonathan Maroko is appointed acting CFO

Jia Yueting's Faraday Future (FF) said on July 11 that its interim chief financial officer has resigned and that the company will restate its financial statements for 2022 and the quarterly period ending March 2023, and will submit reformulated financial statements, which will not affect its vehicle delivery schedule. FF appoints Jonathan Maroko as Acting Chief Financial Officer (CFO) of the Company effective July 24, 2023; Yun Han will continue to serve as FF's Chief Accounting Officer (CAO) with effect from July 5, 2023. Maroko has more than 17 years of investment and finance experience and began his career as an investment banking analyst at Bank of America Merrill Lynch. It is understood that FF intends to hold a shareholder communication meeting after the close of trading next Monday Eastern time. (Securities Times)

iPhone 15 series shipments in the second half of the year may reach 84 million units, an increase of 12% compared with the iPhone 14 series

According to reports, industry insiders estimate that Apple will begin mass production of iPhone 15 series mobile phones in August, and it is expected that shipments will reach 84 million units in the second half of the year, an increase of 12% over last year's iPhone 14 series, but the price of iPhone 15 Pro Max may be higher than that of iPhone 14 Pro Max. The Zhengzhou Foxconn Park is currently recruiting about 1,000 workers a day, and with the entry into mass production in late August, the recruitment level is expected to reach 10,000 people per day, and the peak season incentive bonus will also be greatly increased. (CaiLian News)

Meta expanded Instagram and Facebook paid authentication services to the Asian market

Meta reportedly said in a statement that starting this week, the "Meta Verified" service will be launched in Singapore, the Philippines, Indonesia, Japan, Hong Kong, Taiwan and other markets in the Asia-Pacific region. It is understood that users of Meta's Instagram and Facebook platforms can submit their identity verification and receive a blue verification badge for only $11.99 (online) or $14.99 (iOS) per month. (Interface News)

Tesla is expected to monopolize more than eighty percent of the revenue of the self-driving ride-hailing market

According to an analysis by Ark Investment Management, Tesla's potential platform fee income in the self-driving ride-hailing field may be much higher than previously estimated. Ark analyst Tasha Gini said Tesla's platform fees could account for 80-90 percent of total self-driving ride-hailing revenue, up from a previous estimate of 60 percent, a shocking figure. (Sina Finance)

Citi has appointed a 34-year veteran to head its global FX business

According to news, Citigroup has appointed Flavio Figueiredo as the bank's global head of foreign exchange transactions. The 34-year Citi executive will head one of the bank's largest businesses by revenue. According to a memo to employees on Tuesday, Figueiredo's last position was head of enterprise sales and solutions. Citi said in the memo that he will continue to support the department while the bank searches for his successor. A speaker confirmed the arrangement. (Interface News)

Intel responds to business changes by deciding to stop direct investment in NUC

According to media reports, Intel recently announced that it has decided to stop direct investment in the NUC (Next Unit of Compute) mini computer business. Intel responded that the company did not release the information reported by the media on the official news platform, but only mentioned business adjustments in emails with relevant customers and employee emails. As for the specific content of the adjustment, according to Intel, the company decided to stop direct investment in NUC's business and adjust its strategy to help ecological partners continue to promote NUC's product innovation and business growth. (Daily Economic News)

Toyota aims to sell hydrogen fuel cell vehicles in Europe and China

Toyota executives reportedly said July 11 that Toyota will focus on selling hydrogen-powered trucks and cars in Europe and China as part of an effort to sell 200,000 hydrogen-powered vehicles by 2030. It was Toyota's first strategic update since this month creating a separate hydrogen business unit that aims to expand the use of fuel cell technology to a wider range of areas, including industrial power generation and commercial trucks. Toyota's fuel cell vehicle sales in 2022 were just over 3,900, less than 1% of its global sales of about 9.5 million units. (Interface News)

Due to the rapid loss of streaming users, Disney's Indian company may face sale

According to people familiar with the matter, Walt Disney Co. is considering joint venture or sale options for its Indian company, Star India. In 2019, Disney acquired the asset from 21st Century Fox for $71.3 billion. The deal gives Disney the broadcast and streaming rights to the Indian Premier League, as well as stakes in dozens of multilingual TV channels and a Bollywood film company. Disney has talked to at least one bank about ways to help the Indian business grow and share some of the costs, according to people familiar with the matter. Negotiations are still at an early stage. (Interface News)

Big company financial reports

Zotye Auto: The company initially expects a negative net profit in the first half of 2023

36Kr learned that Zotye Auto announced that it terminated the issuance of A shares to specific targets and withdrew the application documents. On the same day of the announcement, Zotye Auto initially expected a negative net profit in the first half of 2023, but no specific figures have been calculated.

Perfect World: net profit in the first half of the year fell by 64.83%-68.35% year-on-year

36Kr learned that Perfect World released a performance forecast, and it is expected that the net profit in the first half of the year will be 360 million yuan to 400 million yuan, down 64.83% -68.35% from the same period last year; Non-recurring profit and loss decreased significantly year-on-year, mainly due to the company's recognition of gains from the disposal of equity in overseas subsidiaries of the game business in the same period of the previous year.

BDStar: net profit in the first half of the year fell by 49.44%-55.06% year-on-year

36Kr learned that BDStar released a performance forecast, and it is expected that the net profit in the first half of the year will be 40 million yuan - 45 million yuan, down 49.44% -55.06% from the same period last year. In the same period of last year, the wholly-owned subsidiary and Xinxingtong added a single royalty income order, which affected the net profit attributable to the parent of about 26.6 million yuan; The company expanded strategic investment in cloud services, low-power chips, inertial navigation and other directions, and invested more than 23 million yuan in the reporting period compared with the same period of the previous year, affecting the net profit attributable to the parent of about 16.8 million yuan.

AI at the forefront

Bill Gates: AI is the most transformative innovation of our time, and it will have the same impact as the PC came out

On July 11, local time, Microsoft founder Bill Gates published an article pointing out that the future of artificial intelligence will not be as severe as some people think, nor will it be as optimistic as some people think, and its risks do exist, but these risks can be controlled. He believes that the impact of AI will not be as great as the industrial revolution, but it will certainly have a major impact like the advent of personal computers, and many of the problems caused by AI can be solved by AI. Gates encourages everyone to pay as much attention as possible to AI development, as it is the most transformative innovation of our time. (CaiLian News)

Investment and financing

Endoscopy company "Optimandi" received more than 200 million yuan in pre-IPO round financing

36Kr learned that Guangdong Eastern Europe Pumandi Technology Co., Ltd. has completed a pre-IPO round of financing of more than 200 million yuan. It was led by CCB Equity and Huajin Capital, followed by Guosen Capital and Binfu Capital. This round of financing will be used to continue to promote the productization of a number of blockbuster innovative products, global marketing network and channel layout. It is understood that Optmandi, founded in 2013 and headquartered in Foshan, is an endoscope platform innovative enterprise, with product lines covering the host system and mirror body of rigid and flexible endoscopes, as well as supporting instruments and developers.

Yannuo completed Series A strategic financing

Recently, Shanghai Yannuo Pharmaceutical announced the completion of the A round of strategic financing, jointly invested by Huahai Pharmaceutical and its old shareholder Si Taili, the funds will be mainly used for the clinical trial development of core anti-tumor drugs and the promotion and internationalization of other R&D pipelines. Yannuo Pharma is an innovative complex injection research and developer, with three main drug delivery technology platforms: liposomal drug development platform, albumin carrier drug development platform and sustained controlled release microsphere drug development platform. Relying on the advanced drug delivery technology platform, the company adheres to the guidance of clinical needs, focusing on oncology, contrast agents, anesthesia and pain treatment areas. (Start-up)

Disie Medical completed tens of millions of yuan in pre-A+ round financing

Recently, Hangzhou Disie Medical announced the completion of tens of millions of yuan of pre-A+ round financing, led by Infinity and OPCOM Cooperation Fund, followed by New Silk Road Capital, Fangfu Venture Capital, Linear Capital and other old shareholders continue to support. This round of funding is mainly used to accelerate the research and development of ophthalmic surgical robots, human clinical and microsurgical robots and other pipelines. Founded in 2021, DiSee Medical is a national technology-based small and medium-sized enterprise, with a founding team from Germany's world's top robotics and artificial intelligence laboratories and the world's top 500 German pharmaceutical companies. (Arterial network)

Fuan Electronics received tens of millions of yuan in Series A financing, led by Yida Capital

Recently, Yida Capital led the investment of Anhui Tianchang Fu'an Electronics Co., Ltd. (hereinafter referred to as Fuan Electronics) in a series A financing of tens of millions of yuan. This round of financing will be mainly used for the development of new energy vehicle charging, energy storage, magnetic components and intelligent module power supply research and development of new energy vehicles, power supply and intelligent factory construction. Founded in 2002, Fuan Electronics focuses on new energy vehicles, photovoltaic power generation, energy storage and industrial control, and is a national high-tech enterprise specializing in providing various new energy magnetic devices, automotive magnetic devices, intelligent module power supplies and industrial control power supplies. (Yida Capital)

Lingdong Technology announced the completion of 200 million yuan C+ round of financing, jointly invested by Anhui State Control Investment, Hefei High-tech Investment and Hefei Industry Investment

News on July 12, ForwardX Robotics, a global visual AMR company and Asian "order-to-person" solution provider, announced the completion of the C+ round of financing, with a financing amount of 200 million yuan, and the cumulative total financing of the C round has exceeded 650 million yuan, ranking first in the track. This round of financing is jointly invested by Anhui State Control Investment, Hefei High-tech Investment and Hefei Industry Investment, and the funds raised will be mainly used for new product research and development, overseas market expansion, commercial delivery and supply chain deployment. (Investment community)

Cool product

Alibaba announced the launch of its multi-platform DAAS product "Antelope One", which will soon be connected to the large model

At the Antelope Digital Intelligence New Potential Energy Conference held on July 12, Alibaba's enterprise intelligent service company Lingyang announced the launch of Antelope One's multi-platform, multi-channel one-stop DAAS product. Provide one-stop data services for analysis, performance, marketing and customer service in the process of enterprise operation. According to reports, the entire range of Antelope products will soon be fully upgraded to access the large model, and enterprises using Antelope One will be able to use the large model technology. (Sina Technology)

DJI Air3 full specs leaked

News on July 12, although the DJI Air3 drone has not yet been officially announced, a lot of details about the drone have leaked on the Internet, such as the high-definition rendering from Roland Quandt shared by IT House last week. According to the information listed on the official website of DJI Scandinavia, this drone has a range of 46min and 20km, supports O4, 1080p/60fps, 4K HDR, 10-bit Dlog HLG, omnidirectional sensing, etc., as well as Spotlight 2.0, ActiveTrack 5.0, Point of Interest 3.0, Waypoint and other functions. In addition, the DJI Air3 has passed FCC certification, confirming that the battery capacity is 20% larger than the Air2S. (IT House)

Apple has been granted a new patent for the 2-in-1 iPad, which supports a variety of deformed, projectable virtual keyboards

According to reports, according to the list published by the United States Trademark and Patent Office (USPTO), Apple obtained a 2-in-1 iPad design patent on July 12. This design patent is more like adding a deformed shell to the existing iPad, according to the patent sketch, the top of the iPad and the shell are fixed and connected, and users can pull out the iPad to let the case act as a bracket to meet different use scenarios. The housing components also support wireless protocols such as WiFi, Bluetooth or ultra-wideband (UWB), which can establish communication and transmit data when two devices are in close proximity. Apple also envisioned another iPad design, the shell can support a virtual keyboard, support the detection of swipe, pinch, finger movement and other gestures. (IT House)

Finish|Wang Zhongsheng