Hurun Research Institute released the 2023 Hurun Report. 1,241 entrepreneurs with personal wealth of more than 5 billion yuan appeared on this year's Hurun Report, down 5% (64) from last year. The total wealth of entrepreneurs on the list fell 4% (1 trillion yuan) from last year to 23.5 trillion yuan. The number of 100 billion-level entrepreneurs decreased by 4 from last year to 30. The number of billion-dollar entrepreneurs fell 51 from last year to 895. Nongfu Spring's 69-year-old Zhong Xiaoxi's wealth is basically the same as last year, becoming China's richest man for the third time with 450 billion yuan. Tencent's 52-year-old Ma Huateng's fortune rose by 65 billion yuan (30%) from last year to 280 billion yuan, returning to second place after 2020, mainly thanks to the growth of the game business and Tencent's distribution of Meituan shares. (Interface)
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Investcorp intends to list on the Abu Dhabi Stock Exchange
Alternative asset investor Investcorp has announced its intention to conduct an initial IPO on the Abu Dhabi Stock Exchange with an offering of 643 million common shares with a nominal value of US$0.50 per share. (Interface)
Microsoft will invest nearly $3.2 billion in Australia over the next two years to expand its cloud computing and AI infrastructure
Microsoft has announced that it will invest 5 billion Australian dollars (about 3.2 billion US dollars) in Australia over the next two years to expand cloud computing and artificial intelligence infrastructure. According to the statement, the investment will increase the number of Microsoft data centers in Canberra, Sydney and Melbourne by 45%, from 20 to 29. In addition, Microsoft will work with New South Wales to establish the Microsoft Data Center Academy in Australia. (CaiLian News)
Paytm founder launches Rs 300 crore fund: bet on AI and electric vehicles
Vijay Shekhar Sharma, founder of Indian fintech giant Paytm, has launched a Rs 300 million ($3.6 million) fund dedicated to investing in India's fast-growing artificial intelligence (AI) and electric vehicle sectors. Sharma said in a statement that the fund, called the VSS Investments Fund, was funded by VSS Investco Private Limited, a Sharma company. The fund will be managed by a professional investment manager. (Sina Technology)
Reliance India is reported to be close to acquiring a controlling stake in Disney's India business
Reliance Industries, controlled by Asia's richest man, Mukesh Ambani, is close to buying Walt Disney's Indian operations in cash-and-stock deals. Disney Inc. may sell a controlling stake in Disney Star's business, valuing the business at about $10 billion, people familiar with the matter said. Some people familiar with the matter said Reliance believes the assets are between $7 billion and $8 billion. The acquisition could be announced as early as next month, with some of Reliance's media divisions being integrated into Disney Star. (Sina Finance)
It is rumored that Haima Automobile signed an order for 500,000 Haima boxes with Saudi Arabia? The company's securities department responded: No relevant news was received
It is rumored that Haima Automobile signed an order for 500,000 Haima boxes with Saudi Arabia. The staff of the securities department of Haima Motor responded: "I have not received relevant news. Haima Automobile is just one of the shareholders of the box, which is mainly aimed at the B-end market and mainly for the car rental industry. (China Securities News)
He Xiaopeng: The goal is to achieve XNGP coverage of the road network of major cities across the country by 2024
He Xiaopeng announced at the Xpeng Automobile Science and Technology Festival that Xpeng aims to achieve the high-end intelligent driving assistance system XNGP coverage of the road network of major cities in China by 2024, and the NGP coverage of the European market by the end of 2024. (Interface)
SMIC Announces Investment in "Chiplink Power"
36Kr learned that according to SMIC's official micro, SMIC announced the establishment of Xinlian Power Technology (Shaoxing) Co., Ltd. (hereinafter referred to as "Xinlian Power") with a registered capital of 500 million yuan. Chiplink Power is a one-stop system solution provider for automotive-grade silicon carbide (SiC) manufacturing and module packaging, and its founding shareholders include SMIC, Chiplink Partners, Boyuan Capital, Xpeng Star Aviation Capital, Luxshare Precision Family Office Liling Fund, SAIC Shangqi Capital and Hengxu Capital, CATL Chendao Investment, Sungrow and other industrial investment institutions in the field of new energy (including automotive and energy).
TSMC's Kaohsiung plant has completed the construction of 2nm operation team, and may cut into 1.4nm in the future
According to Taiwan media reports, TSMC's Kaohsiung plant was officially organized as TSMC Plant 22 (Fab 22), and completed the construction of the plant's 2nm operation team. TSMC's supply chain believes that TSMC may shift its 1.4nm investment plan of more than NT$700 billion to Kaohsiung, but it still depends on the attitude of other counties and cities to strive for TSMC and TSMC's overall planning. (CaiLian News)
Jingdong procurement shouted Li Jiaqi, and Mei ONE responded: did not sign the so-called "reserve price agreement"
36Kr learned that in response to Jingdong's sales shouting that Li Jiaqi signed a "reserve price agreement" with the brand, Mei ONE responded that it did not sign the so-called "reserve price agreement" and never required the brand to choose any of the two, and the pricing power of the live broadcast room lies with the brand. Earlier, some media reported that some Jingdong sales personnel publicly shouted Li Jiaqi "choose one of the two" in the circle of friends, saying that Jingdong received a lawyer's letter from the brand merchant Haishi, and was complained by the brand that because the Jingdong price of a certain oven was lower than the price of Li Jiaqi's live broadcast, it violated the "reserve price agreement" signed with Li Jiaqi, and demanded huge liquidated damages.
Mitsubishi "withdraws" from the Chinese market, GAC Group: GAC Mitsubishi becomes a wholly-owned subsidiary, and GAC AION "takes over" the plant
GAC Group announced that it intends to restructure GAC Mitsubishi and GAC Mitsubishi Motors Sales Co., Ltd. After the completion of the restructuring, GAC Mitsubishi will become a wholly-owned subsidiary of the GAC Group, and GAC Aion will use GAC-Mitsubishi plants to increase production and expand capacity, and mass production is scheduled to be achieved in June 2024. It is understood that GAC Mitsubishi Motors Sales Company will be jointly held by GAC Group, Mitsubishi Motors and Mitsubishi Corporation, and will continue to provide spare parts and after-sales service for GAC Mitsubishi owners, so that customers can use cars without worry. (CaiLian News)
AMD gets big deals: Oracle buys MI300X, IBM seeks FPGAs
AMD has recently received a lot of large orders, which have been recognized by two large customers, Oracle and IBM. Oracle plans to use AMD Instinct MI300X AI chips and HPC GPUs in cloud services. IBM expects to adopt AMD's Xilinx FPGA solution for AI workloads. (CaiLian News)
Tencent and Fuyou Truck reached a strategic cooperation to create the first digital freight model
36Kr learned that Tencent and Fuyou Truck reached a strategic cooperation. Next, the two parties will jointly create the industry's first digital freight model, and jointly promote the improvement of operational efficiency and customer experience of digital freight through the in-depth application of large model technology. It is understood that after preliminary practical verification, for the multi-style return order recognition scenario, the large model has a recognition accuracy rate of more than 99% for image fields, a comprehensive recognition and matching accuracy rate of image information of more than 95%, and a recall rate of nearly 20% higher than that of the traditional model.
iFLYTEK: Spark Cognitive Big Model V3.0 surpasses ChatGPT overall
On October 24, the 2023 iFLYTEK Global 1024 Developer Festival opened in Hefei, and the iFLYTEK Spark Cognitive Model V3.0 was upgraded and released as scheduled. It is understood that the current Spark model has surpassed ChatGPT as a whole. (Securities Times)
Ctrip: Signed a three-year strategic cooperation agreement with the Singapore Tourism Board
36Kr learned that on October 24, the Ctrip Global Partner Summit opened on Sentosa Island, Singapore. At the summit, Ctrip and the Singapore Tourism Board signed a three-year strategic cooperation agreement and jointly launched a global market cooperation upgrade plan. Ms Au Yanmei, Director General of Singapore Tourism Board, said that since 2020, our cooperation with Ctrip has expanded to eight global travel markets, including Hong Kong, South Korea, Malaysia and Australia. Liang Jianzhang, co-founder and chairman of the board of directors of Ctrip Group, said that travel is a high-end experience product that is not easy to saturate, and will maintain long-term rapid growth in the era of automation and artificial intelligence.
Zou Yingguang has taken over as general manager of CSC, a position that had been vacant for nearly five months
On the evening of October 23, CITIC Securities issued a personnel change announcement, and Zou Yingguang, the administrative head of the fixed income department of CITIC Securities, ceased to serve as an executive member of the company due to work arrangements. According to people familiar with the matter, Zou Yingguang's next stop will be to take over the position of general manager of CSC. Recently, Zou Yingguang has been put in place by CSC. (China Fund News)
PICO business shifts to multiple executives leaving? Response: The news is not true, and it is operating normally
Recently, many core business leaders of PICO have left or transferred one after another, and the overall employees are only half from the peak period and other news has attracted attention. In response, PICO responded, "The news is not true, PICO is operating normally, and the company will invest in XR business for a long time." (Sina Technology)
Musk's Tunnel Excavation Company is valued 22% higher than last year
According to foreign media reports, two people familiar with the matter revealed that Musk's tunnel digging company, The Boring Company, sold shares held by employees and investors at a price more than 22% higher than last year's round of financing. Based on recent prices, the startup has a potential valuation of more than $7 billion, with the sale price at about $24 per share. (CaiLian News)
Tongcheng Travel acquired 100% equity interest in Tongcheng Travel at a cost of RMB691 million
36Kr learned that Tongcheng Travel announced on the Hong Kong Stock Exchange that it had completed the signing of an agreement to acquire 100% of the shares of Tongcheng Tourism, costing RMB 691 million. It is understood that the Target Group is mainly engaged in inbound, domestic and outbound tourism business through its travel agencies. As at the announcement date, the target company is approximately 95.92% owned by Tongcheng Air Travel and approximately 4.08% by Suzhou Tiancheng.
Chevron officially announced the acquisition of Hess for $53 billion
On Monday, local time, energy giant Chevron announced on its official website that it reached a final agreement with oil producer Hess Corporation to acquire all of Hess's outstanding shares. The acquisition is valued at $53 billion, or about $171 per share. Under the terms of the transaction, Hess shareholders will receive 1.0250 Chevron shares for every Hess share, representing a total corporate value of $60 billion, including debt. (CaiLian News)
Huawei: "Huawei will launch 10,000 6G mobile low-orbit satellites" is pure rumor
36Kr learned that on October 23, the official account of Huawei Group issued a statement saying that the online rumor that "Huawei will launch 10,000 6G mobile low-orbit satellites" is pure rumor-mongering, and the rumor-mongers are groundless, have nothing to do, and push the same information on multiple platforms and accounts to spread.
Nvidia is said to be designing PC chips based on the Arm architecture, which could go on sale as early as 2025
According to media reports citing sources, Nvidia has begun to design a central processing unit (CPU) based on the Arm architecture, which will pose a major challenge to Intel. People familiar with the matter said that Nvidia has quietly begun to design CPUs that run Microsoft's Windows operating system and use Arm's technology. It is understood that Chaowei Semiconductor (AMD) also plans to produce CPUs based on the Arm architecture. People familiar with the matter also revealed that Nvidia and AMD could start selling PC chips as early as 2025. (CaiLian News)
Carbon fiber motor rotor manufacturer "Mosen Technology" received tens of millions of yuan in angel round financing
36Kr learned that carbon fiber motor rotor manufacturer "Mosen Technology" recently completed tens of millions of yuan in angel round financing, which was solely invested by Atomic Venture Capital. This round of financing will be used to expand R&D and production.
QQ Music access meta-image large model
36Kr learned that according to Yuanxiang XVERSE official microblog, Yuanxiang XVERSE and Tencent Music today announced the joint launch of lyraXVERSE acceleration large model, and with the help of this technology, comprehensively upgrade the Q&A, chat and creation capabilities of music assistant "AI Xiaoqin". The model is fully open source and supports free commercial use.