Alibaba's revenue increased 9% in the second fiscal quarter, and Starship plans to launch a second time on November 17

Hot spotlight

Alibaba's revenue increased by 9% in the second fiscal quarter, and the IPO of Hema Fresh has been suspended and will no longer promote the spin-off of Alibaba Cloud

Alibaba released its second-quarter results, which showed that Alibaba's Q2 revenue for fiscal 2024 was 224.79 billion yuan, up 9% year-on-year, and non-GAAP net profit was 40.188 billion yuan, up 19% year-on-year. Alibaba disclosed that the initial public offering plan of Hema Xiansheng has been suspended and is evaluating the market situation. In view of various uncertainties, the complete spin-off of Cloud Intelligence Group will not be promoted. (Tencent Technology)

Jack Ma family trust plans to reduce its holdings of 10 million shares of Alibaba founders involving $870.7 million

According to the Form 144 disclosed on the official website of the Securities and Exchange Commission (SEC), the Jack Ma family trust JC Properties Limited (British Virgin Islands company) and JSP Investment Limited (British Virgin Islands company) plan to reduce their holdings of Alibaba founder shares by 5 million shares on November 21. The 10 million Alibaba Group American Depositary Receipts (ADRs) were all acquired on September 19, 2014. This day is also the time when Alibaba Group is listed on the New York Stock Exchange. (Tencent Technology)

Short dramas have become the outlet of the content industry again, will the Internet giants be the ultimate winners?

In the past two years, major Internet companies, including Douyin and Kuaishou, have set foot in the short drama market, but this time, it is a smaller independent APP that has made a "hit". At the same time, there is no shortage of new players in the industry. Not long ago, China Literature issued a "Short Drama Script Solicitation Order", and in October, it was reported that Chen Ou, the founder of Jumei, was setting up a short drama platform to promote copyright transactions. For this industry in the early stages of development, seemingly invisible large manufacturers are also waiting for opportunities to compete for the "cake". (Interface News)

Starship is scheduled for a second launch on November 17, and the Federal Aviation Administration has approved it

SpaceX is expected to carry out the second Starship launch as early as November 17. Shortly before the launch, on November 16, the Federal Aviation Administration (FAA) announced that it had approved the second launch of Starship, and the FAA determined that SpaceX met all safety, environmental, policy and financial responsibility requirements. (The Paper)

China's 5G mobile phone market in the third quarter of 2023: Glory rises, VO leads

As of the third quarter of this year, the performance of domestic 5G smartphones was stable and achieved a slight increase compared with the previous quarter. Among them, the market share of the iPhone series continues to increase, and the Honor game model is very popular. Focusing on the 5G Android market, Huawei and vivo still have market appeal. Overall, in the third quarter of 2023, the share of 5G mobile phones in the smartphone market increased steadily, reaching 51.76%. The month-on-month increase was 3.73% and an increase of 33.75% over the previous year. The growth momentum of 5G mobile phones is solid. (IT Times)

Large companies

Douyin responds to the test paid short video: whether to pay depends on the author, and the scope of the internal test is gradually opened

The paid video content of this test is no longer limited to the single short video category of short dramas. Douyin customer service said that when encountering a paid video, the author may have turned on the paid function, and if you don't want to watch it, you can swipe away. According to reports, at present, this function is open to internal testing for some individuals with more than 100,000 followers, normal account status, no violations, and high originality. (IT House)

SHEIN's secret confession and the suspicions behind it

This year, cross-border e-commerce is surging, and the "cross-border four tigers" represented by SHEIN, Temu, Tiktok, and AliExpress have successively embraced the full custody model. In the face of increasingly fierce market competition, a steady stream of funds is needed, so once SHEIN is successfully listed, it will alleviate the financial pressure to a certain extent in the short term. (Photon Planet)

Nvidia's stock price has risen to a new high for 10 consecutive years, but Huang is not happy

Huang couldn't bear to give up on the Chinese market. China is one of the most important markets for AI chips in the world, and NVIDIA occupies a ninety percent share of China's AI chip market. Over the past few quarters, the Chinese market has supported about 25 percent of Nvidia's revenue, and the growth rate and profits have been very impressive. (Chinese Entrepreneur)

AI weather vane

YouTube has launched an AI tool that mimics famous singers, and songs can be written or hummed

YouTube is testing new generative AI features that allow users to create music by typing text or humming a melody. One of these features, called Dream Track, is already available to some creators on the platform, and it can automatically generate 30-second music clips based on the style of famous artists. The feature mimics nine different artists, all of whom were YouTube's partners in developing the feature. YouTube also showcased some new tools that can generate music by humming. (IT House)

After launching two self-developed custom chips, can Microsoft get rid of its dependence on NVIDIA?

Maia 100 is Microsoft's first artificial intelligence chip, mainly designed for large language model training, it belongs to ASIC (application-specific integrated circuit) chip, suitable for x86 hosts, based on TSMC's 5nm node, and can be seamlessly integrated with Microsoft's Azure software stack. The chip will begin rolling out in Azure data centers early next year, with the aim of reducing Microsoft's reliance on Nvidia GPUs. (Interface News)

Investment and financing

Xingji Meizu received 2 billion yuan in financing, and Li Shufu's mobile phone company squeezed into the car-making table

Geely's subsidiary, Xingji Meizu, has completed a Series A financing, which is another financing it has completed in a short period of time. Coupled with the angel+ round of financing completed in the first half of the year, Meizu has raised a total of 2 billion yuan this year, with a post-investment valuation of more than 10 billion yuan. After billions of funds are received, it is foreseeable that Meizu will officially attack in the automotive field, and a series of organizational and personnel adjustments will begin. (36 Krypton)

Look at the earnings report

NetEase's net income in the third quarter was 27.3 billion yuan, net profit was 8.6 billion yuan, and the CFO resigned

NetEase released its financial results for the third quarter of 2023, with net income of 27.3 billion yuan, up 11.6% year-on-year, and non-GAAP net profit attributable to shareholders from continuing operations of 8.6 billion yuan, up 15.8% year-on-year. NetEase announced that its Board of Directors has approved a new share repurchase program to repurchase outstanding American Depositary Shares and ordinary shares in the open market in an aggregate amount of up to US$5 billion. (Tencent Technology)

Lenovo Group's revenue in the second fiscal quarter was 104.4 billion yuan, and it plans to invest a total of one billion US dollars in the next three years to expand AI capabilities

Lenovo Group disclosed its interim results for the 2023/24 fiscal year ended September 30, 2023. According to the data, in the second fiscal quarter, Lenovo Group achieved revenue of about 104.4 billion yuan, net profit of nearly 2 billion yuan, and the company's non-PC business accounted for more than 40%, an increase of nearly 3 percentage points year-on-year. (National Business Daily)