The 50 billion bubble burst!Royole Technology was filed for bankruptcy review

NEWS

Today's news

Zuckerberg called Huang Jenxun the mold of the technology industry, Great Wall Wei Jianjun and Lei Jun exchanged new cars, Royole Technology was filed for bankruptcy review, Tesla evaporated 90 billion, PepsiCo announced the launch of a new LOGO, SMIC: net profit in 2023 will be 903 million US dollars, down 50% year-on-year, Xpeng Motors announced its official entry into the German market, and Germany invested 4.5 billion euros to build a battery "super factory"; Amazon invests an additional $2.75 billion in AI startup Anthropic, and China completes the first human transplant of pig liver......

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Zuckerberg called Huang the mold of the tech world

On March 27, Zuckerberg posted a photo of exchanging coats with Huang, and it was believed that Meta and Nvidia may cooperate. Zuckerberg replied to netizens in the comments that Huang is like Taylor Swift, the "mold" of the tech world.

Great Wall Wei Jianjun and Lei Jun gave each other new cars

On the 28th, Xiaomi Automobile held a listing press conference, Wei Jianjun, chairman of Great Wall Motors, was present and presented @雷军 A tank 700, and Lei Jun also gave a top-of-the-line SU7 as a return gift.

Chen Rui of Station B said that online video has become the largest Internet application

The 11th China Network Audiovisual Conference was held in Chengdu. At the main forum of the conference, Chen Rui, chairman and CEO of Bilibili, delivered a keynote speech on "Looking at Young People from Video". In his speech, Chen Rui said that according to relevant data, the number of online audio-visual users in mainland China has reached 1.074 billion, and the usage rate of netizens has exceeded 9 percent, and online video has become the largest Internet application.

Chen Rui also mentioned that users have grown up on station B. Chen Rui said that in the fourth quarter of 2023, the average daily active users of station B will exceed 100 million, the average daily usage time of users will be 95 minutes, the average age of users will reach 24 years old, the ratio of men to women will be 52:48, and the coverage rate of users under the age of 35 will reach 65%.

Large companies

Royole was filed for bankruptcy review

On March 29, it was reported that Shenzhen Royole Technology Co., Ltd. and its subsidiaries Shenzhen Royole Electronic Technology Co., Ltd. and Shenzhen Royole Display Technology Co., Ltd. each added a bankruptcy review case, and the applicants were natural persons Zhang, Wang, and Guo.

Tianyancha App shows that Shenzhen Royole Technology Co., Ltd. was established in May 2012, the legal representative is Liu Zihong, with a registered capital of 360 million yuan, and is jointly held by Liu Zihong, CITIC Capital (Shenzhen) Asset Management Co., Ltd., Shenzhen Innovation Investment Group Co., Ltd., etc. According to the risk information, the company has more than 20 pieces of information on persons subject to execution, with a total amount of more than 3 billion yuan.

In the eight years from its establishment in 2012 to 2020, Royole has quickly completed a total of 13 rounds of financing from Series A to Series F. In 2018, Royole released the world's first folding screen mobile phone, FlexPai, which uses the 7.8-inch cicada wing flexible screen 2nd generation AMOLED screen independently developed by Royole Technology.

On the last day of 2020, Royole submitted an IPO application for the Science and Technology Innovation Board, planning to raise 14.443 billion yuan, with an overall valuation of 57.7 billion yuan. However, with the disclosure of the prospectus, Royole's financial predicament was suddenly exposed to the public, and since then, the situation of Royole Technology has begun to deteriorate sharply. (Fast Technology)

Tesla evaporated 90 billion

Xiaomi Group's U.S. stock ADR rose 11.09%. The SU7 target Tesla's share price fell 2.25%, and its market value evaporated by more than 90 billion yuan, down nearly 13% this month and nearly 30% in the first quarter.

The customer service of Mixue Bingcheng responded to the customer and drank the desiccant

The woman ordered lemon black tea at Mixue Bingcheng (Datang Bus Station Store), and found a pack of desiccant in the cup after drinking half of it. The woman said that she found a merchant on the platform, and the merchant said that he was a little busy and forgot to pour it out. In this regard, the customer service of Mixue Bingcheng responded: We attach great importance to the problems reflected and verify the relevant situation as soon as possible. It was verified that the incident was caused by the negligence of the clerk in preparing the meal.

At present, the store has contacted the customer, invited the accompanying customer to seek medical examination, and actively communicated and negotiated with the customer. The store involved has been ordered to close for one day, and all staff have been trained and rectified in the standard of meal preparation.

"Tencent layoffs of 10% to 30%" news is untrue

On March 27, some netizens posted a message in the workplace content community that according to internal information from relevant employees, a large factory began to lay off employees, with a layoff rate of 10% to 30%. The PCG and CSIG business groups named in the news are all business groups under Tencent. According to a number of people familiar with Tencent, the news is fake. (South+)

PepsiCo announced the launch of a new logo

On March 1, PepsiCo announced that it has launched a brand refresh in 120 countries around the world, including China, following the brand logo renewal in the North American market. IN THE CHINESE MARKET, A NEW BRAND VISION SYSTEM WAS PUT INTO USE, AND THE BRAND PROPOSITION WAS UPDATED AND UPGRADED TO "THIRSTY FOR MORE". (Sina Finance)

SMIC: Net profit in 2023 will be US$903 million, down 50% year-on-year

Operating income was 6.32 billion US dollars, a year-on-year decrease of 13.1%. In 2023, the gross profit margin was 19.3%, and the average annual capacity utilization rate was 75%, which was basically in line with the guidance at the beginning of the year. The monthly production capacity of 8 inches reached 806,000 pieces.

Xpeng Motors announced its official entry into the German market

Xpeng Motors announced that it has officially entered the German market and launched two models to the German market, the Xpeng G9 and the Xpeng P7, of which the Xpeng G9 is priced between 57,600 euros and 69,600 euros. The Xpeng P7 is priced between EUR 49,600 and EUR 69,600. Xpeng Motors will start selling the launch versions of the Xpeng G9 and Xpeng P7 in Germany in May this year. In the future, Xpeng will also enter other European markets, including France, Italy and the United Kingdom. Xpeng aims to achieve a 3% market share in the German NEV market by the end of this year.

Japan's Kobayashi Pharmaceutical wants to pay compensation to its business partners who purchased the company's red yeast rice raw materials

On March 28, local time, Japan's Kobayashi Pharmaceutical Company said that it planned to pay compensation to business partners such as food manufacturers who purchased the company's red yeast rice as raw materials. It is understood that Kobayashi Pharmaceutical will compensate for the decrease in sales of relevant business partners, but did not specify the scope and period of compensation. Kobayashi said it plans to cover the costs of the recall by buyers, adding that it expects the total cost of the recall for the company and its 52 buyers to be 1.8 billion yen. (CCTV News)

Investment and financing

Take-Two以4.6亿美元收购《无主之地》制作商Gearbox

U.S. video game publisher Take-Two said on March 27 that it would buy Gearbox from Swedish company Embracer for $460 million. Gearbox, the developer of the Borderlands franchise and publisher of the Relics franchise, was acquired by Embracer for $1.3 billion in 2021. (Finance Associated Press)

Germany invests 4.5 billion euros to build battery "gigafactory"

According to reports, the groundbreaking ceremony of the "super factory" invested by Swedish battery company Northvolt in Germany was held in Schleswig-Holstein, Germany's neighboring Denmark on the 25th, and many officials, including German Chancellor Olaf Scholz, attended. The project, with an investment of around 4.5 billion euros, is a landmark move by Germany in recent years to attract the new energy technology industry chain. The plant is scheduled to start production in 2026 and will be able to supply batteries for up to 1 million electric vehicles per year. (Huanqiu.com)

Amazon has invested an additional $2.75 billion in AI startup Anthropic

Amazon today announced that it has completed a $4 billion investment in Anthropic to deepen the development of generative AI technology. In September last year, Amazon made an initial investment of $1.25 billion. Today, Amazon completed an additional $2.75 billion investment, bringing Amazon's total investment in Anthropic to $4 billion.

New technologies/products/services

Apple has postponed the release of the new iPad until early May

According to Bloomberg's Mark Gurman's latest blog post, Apple will delay the release of the new iPad Pro with OLED panels until May this year.

Gurman previously broke the news that Apple would release a new iPad Pro at the end of March or early April this year, and Ross Young, CEO of DSCC, a screen supply chain manufacturer, previously believed that Apple would release a new iPad Pro in April.

And Gurman's latest revelation points out that Apple has postponed the release of the new iPad Pro to May this year. Suppliers are currently ramping up production of the new iPad, and Gurman believes that the new iPad Pro requires complex new manufacturing techniques, which has led to a delay in the launch of the product.

The first human transplantation of pig liver was completed in mainland China

According to Xijing Hospital, on March 10, under the leadership of Academician Dou Kefeng of the Chinese Academy of Sciences and Director of the Department of Hepatobiliary Surgery Tao Kaishan, a major breakthrough was made in the clinical research of xenotransplantation in Xijing Hospital of the Air Force Military Medical University: the whole liver of a multi-gene edited pig was successfully transplanted into a brain-dead patient in an adjuvant way. During the operation, the transplanted liver secreted bile immediately after restoring blood flow, and there was no hyperacute rejection, and the work continued for more than 96 hours.

According to reports, the study explored the feasibility of "gene-edited pig-human" liver xenotransplantation for the first time, and made original breakthroughs in scientific theory innovation, core technology research, military medical application, etc., and will play an irreplaceable role in treatment and repair, functional reconstruction, transplantation and replacement, especially in the transplantation of important organs.

Zhipu AI PC intelligent assistant was officially released

On March 26, the 2024 new Intel Business Client AI PC product launch conference was held in Beijing, and the Zhipu AI PC intelligent assistant was officially released. According to reports, the Zhipu AI PC intelligent assistant is the latest device-side AI model that is trained, adapted and deployed on the basis of Intel's new Core Ultra processor on the basis of the ChatGLM device-side model.

*The title image was purchased from Visual China