Author: Zicheng
Interpretation of TO news
Yu Chengdong: Huawei's high-end intelligent driving, which costs less than 300,000 yuan, is actually sold at a loss
On the afternoon of April 23, Yu Chengdong, Executive Director of Huawei, CEO of Device BG, and Chairman of Intelligent Vehicle Solution BU, said at the press conference of the new M5 that the price of the new M5 starts at 249,800 yuan. According to reports, the new M5 will be delivered in batches from May 15.
Today, Yu Chengdong posted on social platforms that Huawei's high-end intelligent driving, which costs less than 300,000 yuan, is actually sold at a loss.
Interpretation: The industry generally believes that the second half of the competition in the intelligent electric vehicle industry is intelligence, which will be the key to victory. If we fail to seize the opportunity of smart electric connected cars, no matter how powerful a company is, it may disappear in the future.
Capital Securities Research Report believes that in the first half of 2023, the price war in the automotive industry will be the main melody, and intelligence will bring "excess returns" in the second half of the year. Looking forward to 2024, the trend of high-end independent brands is significant, and the price of more intelligent new energy models is more than 200,000 yuan.
Many people are discussing, how can car companies make money if they continue to roll up like this? If there is no money to make, then what's the point of doing this?
Some analysts said that at present, everyone is losing money and making money, grabbing more orders, and there is only one purpose: survival is the most important thing.
Just like Wang Chuanfu, the founder of BYD, said: "Now is the era of fast fish eating slow fish, not the era of big fish eating small fish, if car companies do not rush up in sales in the next 3-5 years, there will be no chance." ”
In the first two weeks of April, fuel vehicles were surpassed by new energy vehicles for the first time, and sales were lower than new energy vehicles for the first time, which was the first iteration in the world's history.
And everyone knows that this is just the beginning. Take the mainland as an example, automobiles have been developing at a high speed in the continent for decades. So far, the number of motor vehicles in mainland China is 435 million.
At present, the number of new energy vehicles is only 20 million. This means that there is still room for hundreds of millions of vehicles to be sold in the future.
This is just our country, if you convert it to the global car market, it is an unprecedentedly huge market of billions, a super huge cake. The economy, the profits, the profits, the taxes, and even the jobs created are astronomical.
Whoever can have the last laugh will be able to make a lot of money like those car powerhouses in the past few decades, such as Japan and Germany.
So, that's why the major car companies are now crazy about cutting prices. Whether it is a joint venture brand or an independent brand, under the price war in the industry, it has to take off a layer of skin.
Giving up profits and pursuing shares is the accepted rule of survival. Because if you don't fight a price war, you won't even have a chance to survive.
Yu Donglai said that he planned to earn 20 million last year, but he made 140 million
Recently, Yu Donglai, the founder of Fat Donglai, said that he originally planned to earn 20 million last year, but he didn't expect to earn 140 million at the end of the year, and the wages of employees are continuing to rise, with the minimum income of about 7,000 yuan per month, and the salary of employees in many stores is generally more than 8,000 yuan. Even though the store is busy right now, it is normal for employees to work and have holidays.
Interpretation: "Fairy-like enterprise", this is the most evaluated Fat Donglai on the Internet.
In fact, in addition to being praised for its service, what is more noteworthy about Fat Donglai is that at the moment when online e-commerce is popular, it has not been greatly affected as an entity for sub-zero sales, but has become the banner of the retail industry.
The existence of this banner, on the one hand, is the founder's own concept ahead, Yu Donglai is very clear where the competitiveness of the enterprise comes from, he once said that the main problem restricting the development of large or small and medium-sized enterprises such as Carrefour and Wal-Mart is the company's wage income policy, too focused on short-term shareholder returns, ignoring the healthy development of the team, and the income of managers and employees can not keep up with the pace of the times.
In the 80s of the last century, supermarkets were introduced into China as a new retail format, and then, with the rapid development of the economy, the retail format grew rapidly, and Fat Donglai, who caught up with this wave of the times, was able to gain a firm foothold in Henan.
At that time, Yu Donglai forward-looking imitated the after-sales service concept of developed economies, and put forward the concept of "return if you are not satisfied" before 2000, which can be said to be quite advanced.
Moreover, in the context of consumption upgrading, retail channels have assumed the function of consumer education and experience, and people not only hope to buy goods conveniently, but also want to be valued and treated carefully. Fat Donglai's service level is well aware of this, and realizes the added value and satisfaction of customers when shopping.
On the other hand, one of Fat Donglai's measures to reduce costs is to vigorously carry out self-procurement business.
Large domestic supermarket chains are dominated by a back-end profit model, that is, retailers make money by charging suppliers a variety of channel fees, such as entrance fees, display fees, promotional fees, etc.
The advantage of the self-picking model is that the premium and pricing power are transferred to the hands of retailers, so the gross profit of self-picked goods is usually higher, according to a report by Southern Weekly, the proportion of self-purchased goods in Fat Donglai supermarket accounts for about 80%, and this self-procurement ratio exceeds Wal-Mart, Carrefour, Yonghui.
In addition, with huge sales volume and high turnover rate, Fat Donglai also maintains a strong premium power when purchasing, and Fat Donglai has a strong bargaining power. Moreover, it is also actively developing its own brand DL.
For example, the recently popular Fat Donglai Tea Supermarket, which operates a variety of Fat Donglai's own customized tea, due to the reasonable pricing and professional service, it has always been one of the areas with the largest flow of people in Fat Donglai Plaza in addition to the fresh area.
It is through the laying of self-procurement and self-operation that the profit margin of Fat Donglai is enough to support the high salary of employees, and make them willing to pay high-quality services that are relatively equal to the remuneration.
It is also because of this that Fat Donglai has the confidence to mark the purchase price and profit margin on the goods, which makes netizens sigh "Fat Donglai does not treat us as outsiders", because Fat Donglai controls the core supply chain, and others cannot take it away.
Many netizens fantasize that if Fat Donglai opens all over the country, there will be no Sam and Hema business. However, at present, Fat Donglai is only open in Xuchang and Xinxiang, Henan.
Expansion is a prudent business consideration for Fat Donglai.
From the perspective of consumers, Fat Donglai is the expectation of ordinary people for high-quality services all over the country, and from a business point of view, Fat Donglai wants to keep his own one-third of an acre.
Due to the high rigid requirements of the storage, distribution, and supply chain of the supermarket itself, if Fat Donglai jumps out of the third and fourth-tier cities and comes to other places, there will be a large extent the problem of adaptation.
TO Characters/Perspectives
Musk commented on the sharp decline in sales of Xpeng Motors: The car business is really difficult
Xpeng's deliveries in the first quarter of this year were down 63.7% QoQ and 47.3% YoY, a X user posted, noting that Tesla's first-quarter deliveries (down 20.1% QoQ and 8.5% YoY) were still good compared to Xpeng and some other competitors. Musk responded: "It's really hard to get into the car business. Previously, Musk also compared the sales of Chinese rival BYD (down 42% quarter-on-quarter), saying that this quarter was difficult for all car companies.
The dark side of the moon responds to founder Yang Zhilin cashing out tens of millions of dollars: the news is untrue
In response to the news that Yang Zhilin, the founder of Moonshot AI, has cashed out tens of millions of dollars by selling his personal holdings after the completion of the last round of financing, the dark side of the moon responded: The above news is untrue, and the dark side of the moon has previously announced the employee incentive plan, which can be seen in the official information.
Microsoft CEO Nadella: OpenAI wouldn't exist without Microsoft's early support
In a recent interview, Microsoft CEO Satya Nadella highlighted Microsoft's "key role" in the development of OpenAI, a leading artificial intelligence company. "OpenAI wouldn't exist without our early support. Today, they are an incredible company and we are proud to be a part of their journey. Nadella said.
iQIYI Gong Yu: The film and television industry will usher in more room for development in overseas markets
On April 23, Gong Yu, founder and CEO of iQIYI, said at the 2024 iQIYI World Conference that the era of the film and television industry relying on the dividend of population growth has passed. In the domestic market, we undoubtedly need to dig deeper and continuously improve the quality of film and television works. At the same time, we should actively seek more room for growth, that is, expand overseas business. Although the output of film and television as a cultural product faces certain difficulties, with the continuous development of China's economy, the film and television industry will also usher in greater development space in overseas markets.
Weilai channel person: 5,000 yuan subsidy will be given to Xiaomi SU7 consumers who have made a decision
After visiting a number of new energy vehicle stores, the reporter found that NIO offline launched corresponding subsidies for consumers who have placed orders for Xiaomi SU7. NIO store sales said: "As long as you place an order, we will also subsidize 5,000 yuan." Our 'big set' is also 5,000 yuan, and even if you lock the order and the factory schedules production, you can refund the deposit at any time. In addition, Xiaopeng, ideal and other store sales said that a number of models have adjusted their prices, or launched a time-limited subsidy, and no longer launched separate discounts for Xiaomi SU7 lock single car owners.
TO Corporation's movements
The U.S. Senate passed a TikTok-related bill, and Biden claimed that it would be signed immediately
On the evening of April 23, local time, the U.S. Senate overwhelmingly passed a TikTok-related bill by an overwhelming majority of 79 votes to 18, requiring Chinese technology company ByteDance to divest TikTok, otherwise the app will be banned from the United States. U.S. President Joe Biden has said he will sign the bill as soon as it is submitted to the White House.
The U.S. House of Representatives passed a TikTok-related bill last week, extending the deadline for divesting TikTok from 165 days to 270 days, and the White House can also exercise the power to extend the deadline for 90 days if the president determines that the sale is progressing. This extended the maximum period for ByteDance to sell TikTok to one year.
The bill would also prohibit ByteDance from controlling the algorithm used by TikTok to push videos to users based on their interests, making TikTok a popular platform, the report said.
In order to get the bill passed in Congress, the House of Representatives tied the TikTok-related bill to the foreign aid package. The foreign aid bill, worth $95 billion, plans to provide nearly $61 billion in aid to Ukraine, $26 billion to Israel, and more than $8 billion in military assistance to U.S. allies in the Indo-Pacific region.
Xpeng Motors responded that some middle-level employees cooperated with the police to investigate the "cyber violence ideal MEGA" incident
On April 23, in response to the incident of "Ideal MEGA was maliciously attacked by the water army, and the middle-level personnel of Xiaopeng Motors cooperated with the police investigation", Xiaopeng Motors publicly responded that the case is in the investigation stage, please do not believe rumors, do not spread rumors, and do not affect the investigation and handling of the case by the public security organs.
Xiaopeng Motors posted on Weibo that we have noticed the information reports from the media about the cooperation of Xiaopeng Motors employees with the investigation, and the information is explained as follows: 1. The Hebei police have recently carried out an operation to crack down on the Internet water army, and Xiaopeng Motors is also actively cooperating with the police in the investigation of suppliers. The case is in the investigation stage, so please do not believe or spread rumors, and do not affect the investigation and handling of the case by the public security organs. 2. Xpeng Motors is very supportive of the police's action to crack down on cyber trolls. Since its launch, Xpeng X9 has also been widely attacked by cyber trolls, with more than 5,000 negative reports. In response to such an attack by the trolls, Xpeng Motors has collected evidence and reported the case to the public security organs, which have now accepted it. We will also disclose updated information to the public in a timely manner.
The number of orders for Xiaomi Auto SU7 has exceeded 70,000 units
Lu Weibing, President of Xiaomi Group and General Manager of Xiaomi Brand, announced: "Today, Mr. Lei announced at the Xiaomi Investor Conference that as of April 20, the number of Xiaomi SU7 orders has exceeded 70,000 units!"
The large model benchmarked GPT-4 Turbo, and SenseTime soared by 31% before suspending trading
On April 24, SenseTime-W (0020.HK) share price rose, once leading the Hang Seng Technology Index, as of press time, SenseTime-W suspended trading, up 31.15% before the suspension to HK$0.8 per share, with a total market capitalization of HK$26.78 billion.
Photo/SenseTime official website
On the news side, on April 23, SenseTime held a technology exchange day in Shanghai, releasing the industry's first "cloud, device, edge" full-stack large model product matrix to meet the application needs of different scale scenarios, and newly upgraded the "SenseNova 5.0" large model system.
The new SenseNova 5.0 uses a hybrid expert architecture that can be effective for inference with a context window of around 200K. It is reported that this update mainly focuses on enhancing knowledge, mathematics, reasoning and code capabilities, comprehensively benchmarking GPT-4 Turbo, and reaching or surpassing GPT-4 Turbo in mainstream objective evaluation.
Tesla released its financial results for the first quarter of 2024: first-quarter revenue of $21.3 billion
On April 24, Tesla released its financial results for the first quarter of 2024: revenue of $21.3 billion in the first fiscal quarter versus analysts' expectations of $22.3 billion, adjusted earnings per share for the fiscal first quarter of $0.45 versus analysts' expectations of $0.52, negative free cash flow of $2.53 billion in the fiscal first quarter, positive analyst expectations of $653.6 million, and gross margin of 17.4% in the fiscal first quarter.
Analysts expected 16.5%, operating profit for the fiscal first quarter of $1.17 billion versus analysts' expectations of $1.53 billion, accelerated the introduction of more affordable models, accelerated the introduction of new models, updated future model lineups, deliveries are likely to be lower than last year, sales growth is still expected to be "significantly lower" in 2024, and remains committed to company-wide cost-cutting measures. Tesla's U.S. stock rose to 10% after hours.
Jingyan Technology responds to being excluded from Apple's supply chain list for fiscal year 2023: Apple is still one of the company's major customers
Regarding the impact of the excluded supply chain list on the enterprise, on the morning of April 23, the reporter called the Jingyan Science and Technology Securities Department, and a staff member responded: "We have not been excluded from the supply chain by customers, and it is still one of the company's major customers in 2023, but the published supply chain list does not have our name, and we don't know what the statistical caliber or rules are on the customer's side, and the company has colleagues to understand this matter." ”
Xiaomi responded to the video of the bumper paint falling off two days before picking up the car
Xiaomi's official response today to the video of "Xiaomi SU7 Max bumper paint fell off two days before picking up the car": After verification, there is false content in the user's video.
Xiaomi said that this user is not the first owner of the video car, nor is it what he said about "picking up the car for two days". The reason for the paint loss is that the first owner made a color change film for the whole car, and the paint on the inside of the bumper caused by the user after tearing off the film was sticky and peeled off, which was not a problem with the product leaving the factory.
Xiaomi official also reminded that the SU7 bumper adopts a three-layer spraying process of primer, topcoat and varnish, so as to ensure the consistency with the body color, but if the non-standard film/tear film is not in use, it may cause damage to the paint surface.
Mango Supermedia: It is expected to produce and launch 200 vertical screen mini program dramas within the year, and concentrate resources to create a micro-short drama APP
According to the record of Mango Supermedia's recent investor relations activities, the "Big Mango Plan" is an important project for the company to deepen the micro-short drama track. Since 2024, the "Damang Project" has fully entered the field of mini program dramas, reasonably planned the production of a series of projects, met the differentiated needs of users with novel forms and rich types, and is expected to produce and launch 200 vertical screen mini program dramas within the year, and concentrate resources to create micro-short drama APP.
Haidilao responded to the store's tutoring homework: the store provides learning space for children who eat, and does not involve professional training
On the 23rd, the relevant person in charge of Haidilao responded that it was rumored on the Internet that Haidilao launched a primary school homework tutoring service, which is a learning space provided by Vanke Plaza Store in Nanhai, Foshan, Guangdong Province for children with learning needs during the meal. Previously, online pictures showed that Haidilao Foshan Nanhai Vanke Plaza Store provides primary school homework tutoring services from 17:00 to 21:00 from Monday to Thursday afternoon, except for statutory holidays, only for children who eat on the same day.
Chabaidao will be officially listed on the Hong Kong Stock Exchange, and the IPO fundraising scale will be the largest in Hong Kong this year
Sichuan Baicha Baidao Industrial Co., Ltd. (hereinafter referred to as "Chabaidao") will be officially listed on the Hong Kong Stock Exchange on Tuesday, and the performance of milk tea stocks in the stock market will be tested. Cha Baidao is the third largest freshly made tea company in China in terms of sales. The company's offering price was HK$17.50 per share, raising about HK$2.59 billion (US$331 million), making it the largest Hong Kong IPO so far this year. Tea Baidao will be listed for trading from 9:30 a.m. local time. Chabaidao fell more than 10% in grey market trading on Monday.
Lao Fengxiang and China Gold customer service responded to being interviewed
Recently, the Market Supervision Bureau of Changzhou City, Jiangsu Province interviewed and warned China Gold, China Jewelry, Lao Fengxiang and other enterprises, and the news attracted attention. In this regard, on April 22, Lao Fengxiang's customer service told reporters that this was an interview made by relevant departments to regulate the market, "not that Lao Fengxiang has business violations." On the 23rd, China Gold customer service said that it had not received the relevant notice, and the products had passed the quality certification, so consumers could rest assured.
The reporter searched and found that in the context of the "gold fever", since the beginning of this year, the market supervision departments in Inner Mongolia, Henan, Shandong and other places have conducted administrative interviews with gold jewelry operators.
Apple officially announced a special event on May 7
Apple has announced that it will host a special event on May 7 at 10 p.m. Beijing time (7 a.m. local time on May 7) with the theme "Let Loose." Judging by the poster, the event is expected to focus on the new generation of iPad hardware and accessories, such as the long-awaited iPad Pro and Apple Pencil.
Apple used to hold a special spring event in late March or early April, but this year it was announced that it would be holding a special event in May, which came a little later than usual.
The new M5 was officially released, with a price starting at 249,800 yuan
On April 23, the new M5, which is equipped with Huawei's intelligent driving system and LiDAR as standard, was officially released. The new M5 will be available in three variants, with a price of 249,800 yuan for the extended range Max version (rear-wheel drive), a price of 269,800 yuan for the pure electric Max version (rear-wheel drive), and a price of 279,800 yuan for the extended range Max RS version (four-wheel drive), and mass delivery will start on May 15.
At the press conference, Yu Chengdong said that the Zhijie S7 team went to the United States specifically to compare the intelligent driving system of Zhijie S7 with Tesla FSD, "After testing, we are confident that the intelligent driving system of Zhijie S7 is still the best in the world."
Taobao officially announced the launch of a 10 billion subsidy campaign
On April 23, Taobao announced the launch of a 10 billion subsidy activity, which will be officially launched at 8 p.m. on April 23, with a 7% discount on the basis of the low price of the whole network. Among them, Apple's "family bucket" (iPhone 15, iPad 9, Apple Watch S9, AirPods 3) is only 8888 yuan. The event will run until April 28.
Baidu Encyclopedia App will be closed for service
Baidu Encyclopedia App recently pop-up notice that the Baidu Encyclopedia App service will be closed on June 30, 2024, and the Baidu Encyclopedia Mini Program in the Baidu App will continue to provide services. According to data on Apple's App Store, the Baidu Encyclopedia app ranks 107th in the "References" category of apps, with 492 ratings, and the current rating is 3.1 points.
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