Zhao Wei's 5 million yuan equity was frozen, what happened to her?; Xu Chong, the former CFO of Babytree, reported that a number of senior executives of Fosun had been falsely accused, saying that the police had filed a case; when will Huawei Pura70 go on sale, Yu Chengdong responded that "there will be good news in two days"; after Wanda introduced 60 billion war investment, the board of directors of Xinda Alliance is expected to complete the restructuring in the second quarter; CATL's revenue fell in the first quarter, and the company said it would strengthen its terminal brand influence; full impact on the IPO: Nezha Automobile's parent company received no less than 5 billion yuan of investment; National Health Insurance Administration: weight loss pills again" God "can't get into health insurance......

Headlines

Zhao Wei's 5 million yuan equity was frozen, what happened to her?

Zhao Wei, who has not heard from her for a long time, has become the focus of a lot of media attention today.

According to industrial and commercial information, some of the shares held by Zhao Wei have been frozen recently, and the target enterprise of the frozen equity is Hebao Entertainment Group Co., Ltd., involving an amount of 5 million yuan, and the freezing period is until April 10, 2027.

In fact, there are multiple equity freezes under Zhao Wei's name, with a total amount of more than 10 million yuan. At present, she serves as the legal representative of 3 companies, two of which have been revoked and cancelled, and only one studio called Zhao Zhao (Shanghai) Film and Television Culture remains. In addition, Zhao Wei has also invested in 13 companies and 50 indirect foreign investments, involving film and television companies, real estate development, catering and other fields.

Zhao Wei was punished by the China Securities Regulatory Commission in 2018 for the Wanjia Culture incident, when Zhao Wei and her husband Huang Youlong were given a warning, fined 300,000 yuan, and were also banned from the securities market for 5 years. In addition to the dynamics of the capital market, its film and television works and variety shows have basically been taken off the shelves.

A generation of red stars, embarrassing.

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Xu Chong, the former CFO of Babytree, reported a number of Fosun executives for false accusations, saying that the police filed a case

Xu Chong, chief financial officer (CFO) of Babyshuyuan, a Hong Kong-listed maternal and infant community e-commerce company, issued an open letter on April 15, saying that the Chaoyang Branch of the Beijing Municipal Public Security Bureau has recently filed a case for investigation of the case of being falsely accused and framed, and issued a "Notice of Case Filing". Xu Chong publicly alleged that a number of Fosun and Babytree executives were involved in the false accusations. Fosun told Caixin that it was working internally to understand the circumstances of the case, and would not comment on the matter until the situation was clear. (Caixin)

When will Huawei Pura70 go on sale, Yu Chengdong responded that "there will be good news in two days"

According to the first financial report, on April 15, Huawei's official Weibo released a number of videos about the Huawei P series, and said that the Huawei P series was officially upgraded to "Huawei Pura". On the morning of the 16th, Yu Chengdong, executive director of Huawei and CEO of the terminal BG, told reporters, "Pura70 can be regarded as P70, and there will be good news in two days." As the release time approaches, the reporter recently visited Huawei's offline authorized stores in Guangzhou and Shenzhen and found that some stores have opened "blind box reservations". A Huawei dealer in Guangdong told reporters that the stock payment had been completed on the 15th, but Huawei had not received a notice from Huawei about the specific distribution time of offline stores.

Robin Li said that open source in the field of large models is the most expensive

In March last year, Baidu released Wenxin Yiyan, and about a year later, Baidu held the Create Baidu AI Developer Conference. Robin Li, founder, chairman and CEO of Baidu, introduced the progress made in the past year and announced the launch of Wenxin Model 4.0 tool version. Robin Li revealed the latest data of the Wenxin model, including more than 200 million user data. In addition, he also said that everyone used to use open source to think that it was cheap, but in fact, in the large model scenario, open source is the most expensive, so the open source model will be more and more backward. (Yicai)

Large companies

After Wanda introduced 60 billion war investment, the board of directors of Xinda Alliance is expected to complete the restructuring in the second quarter

After Wanda Commercial Management introduces an investment of 60 billion yuan, the board of directors of Dalian Xindameng Commercial Management Co., Ltd. will be reorganized. The reporter exclusively learned from people familiar with the matter that since the transaction target is to be delivered in the second quarter, it is expected that the board of directors of Suntec Alliance will also complete the restructuring at the same time as the delivery. In terms of the proportion of members of the board of directors, since the co-investors hold a total of 60% of the shares, it is estimated that this proportion will also be reflected in the board of directors. On March 30, 2024, Wanda Commercial Management officially signed an investment agreement with five institutions, including PAG Investment Group and CITIC Capital, under which the five investors jointly invested about RMB 60 billion in Dalian Xinda League, holding a total of 60% of the shares, and Dalian Wanda Commercial Management held 40% of the shares. (Finance Associated Press)

CATL's revenue declined in the first quarter, and the company said it would strengthen its terminal brand influence

In the first quarter of 2024, CATL's total operating revenue was 79.77 billion yuan, down 10.41% year-on-year, and non-net profit was 9.25 billion yuan, up 18.6% year-on-year. At the performance briefing held on the evening of April 15, CATL's management said that the decline in operating income was mainly due to the decline in raw material costs, the corresponding decline in battery prices, and the company's product structure did not change much.

Recently, CATL has begun to highlight its own brand in the cooperation of multiple car companies. For example, after the release of Huawei's Hongmeng Zhixing cooperation models Zhijie S7 and Wenjie M9, CATL has launched corresponding promotional videos. In addition, CATL is also increasing brand investment for end consumers, including battery advertising in some high-traffic areas. (Caixin)

Continuing to "slim down", Fosun International sold the equity of Belgium's Fujie Insurance Company for about 670 million euros

Fosun International continues to "slim down and keep fit". The company recently disclosed details of its deal with BNP Paribas for the sale of a stake in Belgian insurer Ageas. According to the announcement, the total price of the sale is between 626 million and 670 million euros (about 5.2 billion to 5.6 billion Hong Kong dollars). Fosun International said that the sale of shares accounted for no more than 8.19% of the total issued shares of Ageas. Upon completion of the transaction, it will hold no more than 1,952,500 shares in Ageas SA/NV. The company said the sale is part of a strategy to streamline its portfolio and focus on its core business. (Interface)

All-out impact IPO: Nezha Automobile's parent company received no less than 5 billion yuan of investment

On April 15, Hezhong Automobile, the parent company of Nezha Automobile, announced that it had received an investment of at least 5 billion yuan to accelerate the IPO process. It is reported that the investors are all local state-owned assets, including Tongxiang State-owned Capital Investment and Operation Co., Ltd., Yichun Jinhe Equity Investment Co., Ltd., and Nanning Minsheng New Energy Industry Investment Partnership (Limited Partnership).

According to the agreement, the signatories will jointly provide a total investment of not less than 5 billion yuan to Hezhong Automobile, public information shows that Nezha Automobile currently has three vehicle production bases in China, located in Tongxiang, Zhejiang, Yichun, Jiangxi and Nanning, Guangxi, respectively, corresponding to the investment of the local state-owned three parties. (21st Century Business Herald)

The EU intends to launch an investigation into China's medical device procurement, and Mindray Medical responded: It has always participated in market competition in accordance with laws and regulations

According to a report by Bloomberg on the 15th, the European Union will launch an investigation into China's medical equipment procurement, in order to eliminate concerns about the Chinese government's unfair favoritism towards domestic suppliers. It is reported that the main purpose of the survey is to engage in dialogue with China to ensure that the market is fair and open. This will be the first time that the EU's so-called International Sourcing Tool (IPI) has been invoked. After the news came out, Mindray Medical, a leading domestic medical device company, also responded to related matters. According to the company, Mindray has always actively practiced the concept of free trade, strictly abided by the laws, regulations and regulatory requirements of various countries around the world, and participated in market competition in accordance with laws and regulations. (Securities Times)

Investment and financing

Microsoft invests $1.5 billion in G42, a UAE AI company

Microsoft announced on April 16 that it would invest $1.5 billion in G42, an artificial intelligence company in the United Arab Emirates. Under the agreement, Microsoft President Brad Smith will join the G42 board, which will use Microsoft's Azure cloud to develop its AI applications. The investment gives Microsoft a minority stake in the G42. (Interface)

The Hong Kong stock "AIGC first share" Mobvoi is expected to be listed on April 24

On April 16, Mobvoi announced that the company plans to offer 84.568 million shares globally, 8.457 million shares in Hong Kong, China, and 76.111 million shares in actual offering, another 15% Over-allotment option, offering from 16 April to 19 April 2024 with an expected fixing date of 22 April, the offer price will not exceed HK$4.10 per offer share, board lot size of 1,000 shares, CICC and CMBI as joint sponsors, and the shares are expected to be listed on the Main Board of the Stock Exchange on 24 April 2024. With generative AI and voice interaction technology as its core, the Company provides AI-generated content (AIGC) solutions, AI enterprise solutions, smart devices and accessories. (Interface)

New technologies/products/services

National Health Insurance Administration: No matter how "god" diet pills are, they can't enter the medical insurance

On April 16, the National Health Insurance Administration issued an article "Does the "Diet Miracle Drug" Enter the Medical Insurance?", which made it clear that no matter how "god" the diet pill is, it cannot enter the medical insurance. According to the article, a drug called "semaglutide" is sought after by many beauty lovers. In China, semaglutide is currently approved for the indication of hypoglycemic and has entered the medical insurance. However, the National Health Insurance Administration emphasized that in 2020, the National Health Insurance Administration issued the "Interim Measures for the Administration of Drugs in Basic Medical Insurance", which clearly stipulates that there are 8 types of drugs that cannot be reimbursed by medical insurance, and drugs that "improve living conditions" are one of them. (Beijing Business Daily)

Honda unveils a new all-electric brand and plans to launch six all-electric models in China by 2027

Honda China today unveiled its all-new electric brand, Ye. The new brand models are based on Honda's all-new all-electric W-architecture, and six models are planned to be launched in China by 2027. By 2035, Honda will be 100% electrified in the Chinese market. (Finance Associated Press)

*The title image was purchased from Visual China