Dong Yuhui helped Andy Lau sell 600,000 tickets Yu Minhong promised to buy back Dongfang Selection's shares

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Today's news

Dong Yuhui helped Andy Lau sell 600,000 tickets; Ronnie Chan of Hang Lung Group retired and said that "saving capital and life is not a big development" at the moment; New Oriental and Yu Minhong promised to repurchase 700 million Hong Kong dollars of Oriental Selection shares: the current stock price is undervalued; Gree Electric Denied that the 200 million yuan year-end bonus was deducted with a mobile phone; CATL's net profit exceeded 40 billion yuan last year, but its market value evaporated by 500 billion yuan in the same period; Donkey's mother responded to the rumors of "dissolution": cash flow difficulties caused the suspension of operations But employees are still on the job, Microsoft and OpenAI are negotiating to invest in a humanoid robot company, and Apple's Vision Pro is the first to be criticized......

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Dong Yuhui helped Andy Lau sell 600,000 tickets

On January 31, the first day of the pre-sale of Spring Festival movies, the pre-sale box office exceeded 70 million. "Mr. Red Carpet", which Ning Hao and Andy Lau joined together again after "Crazy Stone", temporarily lagged behind in the pre-sale of the Spring Festival stalls. That night, the film director Ning Hao and the starring Andy Lau were guests in the live broadcast room of the popular anchor Dong Yuhui, and on the night of the live broadcast, the online audience in the live broadcast room of "Walking with Hui" exceeded 1.7 million, and the movie tickets sold were 19.9 yuan instead of 50 yuan vouchers. The 300,000 tickets on the first shelves were sold out within 8 minutes of the live broadcast, and the 300,000 additional tickets were sold out within 2 minutes by the 50-minute broadcast. (The Paper)

Hang Lung Group's Ronnie Chan retires, saying that the time should be "preserving capital and life, not big development"

On January 30, Ronnie C. Chan, the 74-year-old chairman of Hong Kong's Hang Lung Group and Hang Lung Properties, announced his retirement and that the group's business would be handed over to his eldest son, Hang Lung Vice Chairman Chen Wenbo. Ronnie Chan said that he has no medical condition, but the company has been looking for a successor for more than a decade and believes that it is appropriate for Chan to succeed him, so he will retire from all Hang Lung's board of directors and chairman of various non-profit organizations after the shareholders' meeting in April, and only serve as "honorary chairman", giving management complete freedom. (Caixin)

Large companies

New Oriental and Yu Minhong pledged to repurchase HK$700 million of Oriental Selection's shares: the current share price is undervalued

On January 31, Oriental Selection and New Oriental issued a joint announcement stating that New Oriental and Yu Minhong had each committed to purchase a total of HK$700 million worth of Oriental Selection shares on the Stock Exchange at market prices. According to the announcement, New Oriental and Yu Minhong (director and chief executive officer of Oriental Selection and director of New Oriental) remain confident in the future prospects and business potential of Oriental Selection, and are fully committed to increasing their respective equity interests in Oriental Selection. (The Paper)

Gree Electric denied that the 200 million yuan year-end bonus was deducted with a mobile phone

On the evening of January 31, Gree Electric's official Weibo issued a statement saying that the company's increased year-end bonus of 200 million yuan has nothing to do with the free work mobile phone, and the increased year-end bonus does not include middle and high-level cadres, and the increase is tilted towards front-line production employees. Previously, Dong Mingzhu, chairman of Gree Electric Appliances, publicly stated at an event that he would take out an extra 200 million yuan to give employees a year-end bonus. At that time, she mentioned the overall situation of the company's performance in 2023: annual revenue of about 205 billion yuan, profit of about 29 billion yuan, and contribution of 17.6 billion yuan in taxes. This will be the company's revenue figure since 2019 to return to the 200 billion yuan mark. (Interface)

CATL's net profit exceeded 40 billion yuan last year, but its market value evaporated by 500 billion yuan in the same period

On the evening of January 30, 2024, CATL released its 2023 performance forecast, saying that the net profit attributable to shareholders of listed companies is expected to reach 42.5 billion yuan to 45.5 billion yuan, an increase of 38.31%-48.07% over the same period last year, and a net profit of 30.729 billion yuan in the same period last year. Boosted by this news, on January 31, CATL's share price rose 7.70% to close at 151.59 yuan, with a total market value of about 666.851 billion yuan.

However, the price of lithium batteries will continue to fall in 2023, pulling down the share price of CATL. In the past year, about 527.8 billion yuan of market value has evaporated. (Economic Observer)

Donkey mother responds to "disbandment" rumors: cash flow difficulties lead to suspension of operations, but employees are still on the job

On the evening of January 31, in response to rumors that "most of the employees of Donkey Mother have been disbanded, unable to book products, and only a few employees remain", a reporter from Beijing Business Daily learned from Donkey Mother that due to the difficulty of recovering the arrears of some companies, coupled with the fact that some banks have withdrawn loans, cut off loans or disguised loans, the company's cash flow is difficult, and the account and domain name have been blocked. (Beijing Business Daily)

TikTok正式控股印尼地电商平台

Indonesian tech giant GoTo said in a statement on January 31 that TikTok has officially completed the deal announced in December last year, spending $840 million to acquire a 75.01% stake in GoTo's e-commerce subsidiary Tokopedia. With this deal, TikTok Shop's Indonesian business merged with Tokopedia to form PT Tokopedia. TikTok has pledged to invest more than $1.5 billion in PT Tokopedia over the long term and has a controlling stake. Patrick Walujo, CEO of GoTo, said: "The partnership with TikTok will bring benefits to Indonesia and the country's MSMEs. (Interface)

Investment and financing

Microsoft and OpenAI are in talks to inject capital into a humanoid robot company

According to foreign media, people familiar with the matter revealed that Microsoft and OpenAI are negotiating to participate in a new round of financing for technology company Figure, and the amount of this round of financing may reach up to $500 million. Figure was born in Silicon Valley in January 2022 and is committed to developing general-purpose humanoid robots.

"LineEasy Microelectronics" completed the Pre-A round of financing

Recently, the high-end analog chip design company "LineYi Microelectronics" completed the Pre-A round of financing, which was exclusively invested by Guohong Jiaxin, and Yunxiu Capital served as the exclusive financial advisor for this round of financing. It is understood that the product catalog of LineEasy Microelectronics fully covers isolation chips and isolation + products, and its representative products have passed AEC-Q100 automotive certification and have been recognized by domestic OEMs. (36 Krypton)

New technologies/products/services

The first car of Huawei and JAC is a million-yuan sedan, benchmarking against the BMW 7 Series

According to the first financial news, on January 31, it was learned from people familiar with the matter that the first car jointly created by Huawei and JAC Motors is not the MPV that was rumored before, but a million-level sedan, benchmarking the BMW 7 series, and the new car is expected to be officially launched in the fourth quarter of this year. At present, the construction of the Feixi Gigafactory in Anhui Province, which is responsible for the production of models jointly produced by Huawei and JAC, is also nearing completion.

苹果Vision Pro首批评测出炉

Nearly two weeks after the pre-sale of Apple's Vision Pro opened, its warranty seal was officially lifted. A number of media outlets, including The Verge and the Wall Street Journal, have released detailed evaluation results. The Vision Pro is made of carbon fiber, aluminum alloy, etc., and is smaller than most similar products, which avoids the "plastic feeling" of many VR devices while ensuring the aesthetics of Apple products.

Although there is still room for improvement in terms of visual presentation, the experiencers still believe that Apple has provided a solution that far exceeds the market's imagination. But in order to attract more users to pay for its high price, Apple needs to come up with more amazing optimizations. (Interface)

Tesla plans to open a new battery plant in Nevada with equipment from CATL

ACCORDING TO PEOPLE FAMILIAR WITH THE MATTER, TESLA IS LOOKING TO INCREASE THE PRODUCTION OF MEGAPACK BATTERIES, AND TESLA REPORTEDLY PLANS TO OPEN A NEW BATTERY FACTORY IN NEVADA WITH EQUIPMENT FROM CATL. (Bloomberg)

*The title image was purchased from Visual China