Ren Zhengfei: The advanced culture of the United States still needs to be learned; iPhone 15 is on sale | Business reference

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Ren Zhengfei: The advanced culture of the United States still needs to be learned It has never been said to "bring down the United States"; Executives such as Jia Yueting deducted half of their wages to buy company stock; The new chairman of the trillion public offering welcomed the head of the "first brother of the securities industry" to take over; iPhone 15 series on sale: Pro primary color version is the most popular, scalpers are not as popular as last year; Invested 200 million yuan The fourth fund that Moutai Group participated in this year came; Noble Bird plans to gradually withdraw from the sports shoes and clothing business to transform the food business; Tesla plans to build battery storage plant in India...

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Ren Zhengfei: The advanced culture of the United States still needs to be learned, and it has never said "bring down the United States."

On the evening of September 21, Liu Yadong, dean of the School of Journalism and Communication of Nankai University and former editor-in-chief of Science and Technology Daily, and Ren Zhengfei, founder of Huawei, were newly exposed in a café in Shenzhen on July 7 this year. In the course of this conversation, Ren Zhengfei said that we still have to learn from the advanced culture of the United States, and we have never said "bring down the United States." Huawei is also doing some basic research. Basic research is inseparable from basic education. Basic education is the responsibility of the state, and without good basic education, it is impossible to cultivate top talents. (Securities Times)

Faraday Future appointed new global CEO Jia Yueting and other executives to deduct half of their salaries to buy company stock

On September 22, Faraday Future announced that the Company's Board of Directors has appointed Matthias Aydt as FF Global CEO, effective September 29, 2023, who will focus on driving the production and delivery of FF 91 2.0 Futurist Alliance.

Alongside the senior personnel changes, Faraday Future also announced a management share purchase program and said FF management will further strengthen its ties with shareholders through share purchases. Jia Yueting posted on social platforms that more than a dozen core executives and core partners voluntarily increased their holdings at market prices, demonstrating the strong ownership spirit of FF executives and great confidence in the company. (Interface)

The trillion-yuan public offering welcomes the new chairman of the "first brother of the securities industry" to take over

The "Old Ten" trillion public offering Huaxia Fund ushered in a new chairman. On September 22, Huaxia Fund issued an announcement on the change of executives, due to work needs, the company's chairman Yang Minghui left his post, and Zhang Youjun became the company's new chairman. Similar to Yang Minghui, Zhang Youjun also has CITIC Securities experience, joining CITIC Securities as early as 1995 when CITIC Securities was founded. Under Yang Minghui's tenure, the public fund management scale of Huaxia Fund reached 1.25 trillion yuan, ranking third in the domestic public fund industry. (Securities Times)

Large companies

Noble Bird plans to gradually withdraw from the sports shoes and clothing business and transform into the grain business

On September 22, Noble Bird Co., Ltd. (securities abbreviated as ST Guiren) announced that the company's board of directors intends to optimize and adjust the company's business operations, and will seize the national strategic opportunity of the comprehensive revitalization of Northeast China in the new era, take the grain business as the company's main business development direction in the future, coordinate the company's resources and forces, and give priority and focus to expanding and strengthening the grain business. In addition, the company will optimize and adjust the sports footwear and apparel business, and according to the actual operation of the company, dispose of brand assets such as "Noble Bird", "Prince" and other sports footwear and apparel related assets through methods including but not limited to licensing, sale, leasing, etc., and gradually withdraw from the sports footwear and apparel business.

Takes over Carrefour store site Hema opens its 48th store in Beijing

On September 22, Hema Wangjing Guangshun North Street Store was officially opened. The reporter learned that the store was originally a Carrefour store, and after Carrefour withdrew from the site, it was taken over by Hema and opened for business after 30 days of survey, decoration, testing and other work.

It is reported that Hema Wangjing Guangshun North Street Store is Freshippo's 48th store in Beijing, covering an area of nearly 4,000 square meters and more than 6,000 products in the store. Since September, Hema has ushered in a nationwide wave of store openings, with an average of one new store opening every day across the country. The Beijing area has also accelerated the pace of store expansion, with an average of one new store per month opening by the end of the year. (Beijing Business Daily)

Invested 200 million yuan The fourth fund that Moutai Group participated in this year came

Tianyan check information shows that recently, Moutai Kechuang (Beijing) Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Moutai Kechuang") was established, with a capital of 200 million yuan, its business scope includes venture capital, and private equity funds are engaged in equity investment, investment management, asset management and other activities. The Paper noted that since Moutai Kechuang has just been established, it has not yet completed the filing procedures of the Asset Management Association of China (hereinafter referred to as the "China Foundation Association").

Moutai Kechuang is the fourth fund established by Moutai Group (including Moutai Private Equity) as a limited partner (hereinafter referred to as "LP") or a private equity investment institution since the beginning of this year.

LeTV's financial fraud case lost 2 billion yuan in the first trial, and Jia Yueting bore joint and several compensation

Today, the Beijing Financial Court (hereinafter referred to as the "Court") rendered a first-instance judgment in the class action lawsuit of LeTV Information Technology (Beijing) Co., Ltd. (hereinafter referred to as "LeTV") for suspected financial fraud. The court ruled that the defendant LeTV should pay the plaintiff investors a total of nearly 2.040 billion yuan in compensation for investment difference losses, commissions, stamp duty and other damages within 10 days. The defendant Jia Yueting is jointly and severally liable for the losses of the plaintiff's investors and the defendant LeTV. (CNBC)

Will the form be officially submitted to the HKEX in a few weeks? Cainiao Group responded: No comment

Recently, it was reported that Cainiao Group will officially submit a prospectus to the Hong Kong Stock Exchange within a few weeks, and will be listed in Hong Kong as soon as the first half of next year. In this regard, on September 22, the relevant person in charge of Cainiao responded to the surging news reporter and said that he would not comment. (The Paper)

Investment and financing

L'Oréal Group announced its investment in Shanhai Innovation, a biotechnology company through its subsidiary Meijifang

On September 22, L'Oréal Group announced a minority investment in Chinese biotech company Shanhai Innovation to establish a long-term partnership to jointly develop beauty solutions. This is L'Oréal's first open innovation investment in China through its subsidiary Shanghai Meifang Investment Co., Ltd., supported by BOLD, L'Oréal's strategic innovation venture capital fund.

This is also the first project incubated by L'Oréal in the "BIG BANG Beauty Technology Creation Camp" launched in China four years ago. (CaiLian News)

Another US dollar fund announced independent operation, and GGV Capital said it will focus on localized investment in China

On September 22, GGV Capital announced that it will officially operate independently and will no longer use the English brand GGV. Previously, similar actions were announced by Sequoia Capital and Lanchi Venture Capital. After the announcement of independent operation, GGV Capital said that it will focus more on localized investment in China in the future, and will also have a more agile decision-making process and more diversified post-investment service capabilities. In the future, we will continue to promote business upgrading with a new image and build a more diversified investment platform. The Chinese team will continue to cultivate China's technology industry under the brand name "CK Capital" to promote and help innovation and entrepreneurship. (CBN)

New technologies/products/services

iPhone 15 series on sale: The Pro primary color version is the most popular, and the scalper price increase is not as large as last year

At 8 a.m. on September 22, Apple's iPhone 15 series of new machines officially went on sale. At Apple's flagship store on Nanjing East Road in Shanghai, there are already 100 consumers waiting in long lines outside the door to pick up the machine, and the queue time is generally more than 20 minutes. The surging news reporter asked a number of consumers, most of them bought iPhone 15 Pro Max, and a small number bought iPhone 15 Pro, and fewer consumers bought the regular version of iPhone 15. Compared with previous years, there seem to be fewer scalpers outside Apple stores this year, and the premium for scalpers to buy new machines is also decreasing. (The Paper)

Tesla plans to build a battery storage plant in India to improve India's power supply

New Delhi, September 21, Reuters news, two people familiar with the matter said that Tesla has developed a plan to produce and sell battery storage systems in India, and submitted a proposal to local officials to seek incentives to build factories. Elon Musk will continue to push Tesla into India. At a recent meeting in New Delhi, Tesla proposed supporting the country's battery storage capacity through its "Powerwall," a system that can store electricity from solar panels or the grid for use at night or during blackouts, the sources said. (First Electric)

*Title image purchased from Visual China