Author: Zicheng
Interpretation of TO news
The boss who can still fool Jia Yueting has run away with tens of billions
Xinwei Group, which once had a market value of more than 200 billion yuan, went bankrupt. Recently, Xinwei Group issued an announcement, saying that the company received a bankruptcy notice from the court.
According to the court announcement, as of December 31, 2021, the liquidation value of Xinwei Group's total assets was about 500 million yuan. According to the audit, as of December 31, 2021, Xinwei Group had assets of 563 million yuan, total liabilities of 9.53 billion yuan, and net assets of -8.967 billion yuan, which was insolvent.
Interpretation: Wang Jing, the actual controller of Xinwei, can be described as the most mysterious rich man in Chinese business history. No one knows his true background, education and work experience, and his series of operations make even Jia Yueting have to call him a big brother.
At first, Xinwei was a joint venture between Datang Telecom and a foreign-funded company. In 2010, Wang Jing spent a huge amount of money to acquire Xinwei. He was 38 years old this year, and no one knows how the money for the acquisition came from.
But no matter what, with Xinwei, Wang Jing began his performance.
In 2012, Wang Jing said that he would spend 50 billion yuan to build a canal about 276 kilometers long in Nicaragua, Central America;
Wang Jing also plans to overhaul the Moscow Metro, upgrade the Trans-Siberian Railway, and develop large oil fields for Mozambique.
In 2014, Wang Jing planned to acquire the Ukrainian company Madasich.
Of course, none of the above projects were successful.
Wang Jing's purpose in such a toss is only one: to build momentum through these vain overseas projects, to transfer bank money to overseas companies, and then return to the parent company to make income, creating the illusion of good performance, and then arbitrage through the soaring stock market.
I have to say that this model is quite innovative, because if you fool around in China like Jia Yueting, it won't take long for everyone to know what you are good at, but overseas projects are much safer.
No one knows the background of the mysterious businessman, Wang Jing, at the time, there were two rumors in the market: an official veteran entrepreneur and a rumored puppet.
No matter how the market spreads his myth, under the helm of Wang Jing, Xinwei Group has set off one climax after another in the capital market, and by 2015, Xinwei's valuation exceeded 200 billion, creating a bunch of rich people in batches, and Wang Jing's personal worth is also rising.
Of course, this kind of play will definitely be seen through in the end, after everyone discovered Wang Jing's tricks, the company's stock price plummeted, and was finally ruled bankrupt in April this year, but 150,000 shareholders have been harvested, and Wang Jing is nowhere to be found.
There is no accurate data, but it is estimated that the stock market has cashed out 30 to 40 billion yuan, and it is said that bank credit has also lost 28 billion yuan.
It's no wonder that you say it's not weird, there are always people in the capital market who like to create a persona, boast of being a capable person who can go to heaven and earth, deceive a wave, change the story, and deceive a wave, someone will always believe him, is the scammer's method too clever, or the investor is too crazy?
Musk stayed in China for less than 24 hours, and Tesla's market value rose by 594.4 billion yuan
As of the latest close of Eastern time on Monday (29th), the three major U.S. stock indexes fluctuated and closed up, with the Dow up 0.38%, the Nasdaq up 0.35%, and the S&P 500 up 0.32%. Among them, Tesla's share price rose by more than 15%, and its market value rose by 82.1 billion US dollars (about 594.4 billion yuan) overnight.
Tesla's market value has risen sharply, which is related to a series of good news such as Musk's short visit to China for less than 24 hours, Tesla's passage of all four requirements for domestic car data security, and the latest situation of the FSD (Full Self-Driving) system in China.
Interpretation: When Tesla's sales fell into "trouble", Musk once again set his sights on Tesla's "blessed land" - China.
According to people familiar with the matter, the purpose of Musk's visit to China is to discuss the launch of FSD self-driving software in China and seek relevant approval in terms of data to train the algorithms of his self-driving technology.
On the day of Musk's visit to China, Tesla passed the data compliance requirements, confirming that from the perspective of data storage security, it is feasible for FSD to land in China. This is actually a signal to the world that China will continue to remain open to the world.
Tesla also added that various localities have successively lifted the ban on driving and parking restrictions on smart cars such as Tesla (such as government agencies, airports, highways, etc.).
For Tesla, FSD is a rocket booster that leapfrogs the price competition of automobiles. Playing this card well lays the key to whether the company can become a trillion-level company in the future.
In the next decade of automotive intelligence, software capabilities are the core of automobiles to create differentiated competitive advantages, which has become a must for high-end players as domestic car companies gradually begin to roll towards intelligent driving.
However, Tesla's FSD promotion in China faces greater challenges, and the biggest headache is the problem of data closed-loop.
Previously, CICC's research report pointed out that if FSD is promoted in China, the entire set of data closed-loop needs to be in China, and it is necessary to prepare for data collection and model training, consider whether the BEV perception scheme can be well adapted locally, and also need to build a local computing center and set up a local algorithm adaptation team.
The latest news says that "Tesla will use the advanced driver assistance map provided by Baidu for the Chinese version of FSD".
On April 30, the reporter found from the website of the Ministry of Natural Resources that in addition to the "Baidu Vehicle Machine Map" (T version) for vehicle navigation services, Baidu Maps has recently obtained approval from the Ministry of Natural Resources for a number of "Advanced Assisted Driving Maps".
According to the latest reports, a person familiar with the matter exclusively revealed to reporters that among the above-mentioned approved maps, the GS (2023) No. 4634 advanced assisted driving map submitted by Baidu Zhitu Technology Co., Ltd. for navigation is a lane-level map completed by the two parties, and the cooperation between Tesla and Baidu Maps is "exclusive" and deeply customized.
Previously, Tesla China has repeatedly emphasized that the data it collects in China will strictly comply with China's laws and regulations on data management and achieve local storage.
Since 2021, Tesla has been required by regulators to store all data collected by its vehicles in the Chinese market in a data center in Shanghai, and has not transmitted any data back to the United States.
Musk is the top entrepreneur in the United States, but Tesla in China not only did not receive a direct expulsion order like Tiktok, Musk himself was not discriminated against, Tesla China is also willing to put the data center in China, through compliance requirements, which represents our country's determination to open up to the outside world, and the attitude of welcoming excellent world enterprises to carry out legitimate business activities in China.
Compare the two, and make a judgment.
Today's global innovative enterprises are often built on the basis of data innovation, and various restrictions will only bring various political disputes and trade blockages, and opening up is the only feasible way to further embrace the world and develop the economy.
We also hope that the spring breeze of openness will always blow, and only in this way can we bring about a prosperous future.
TO Characters/Perspectives
Luo Yonghao complained about the intimate interaction of the CEO of the Beijing Auto Show: I don't understand, it feels weird
According to Fast Technology, the 2024 Beijing Auto Show is underway, and this exhibition is very unusual, mainly because the focus is not on the car itself, but on those people at the auto show. Among them, the most eye-catching is Xiaomi Lei Jun and 360 Zhou Hongyi, other car companies also appeared at the exhibition, such as BYD Wang Chuanfu, Li Xiang of Li Auto, Li Bin of Weilai, Xiaopeng He Xiaopeng, etc., and many people will visit the booths like a visit, which seems to be a friendly exchange and a happy exchange.
However, for such a situation, Luo Yonghao directly said, "I don't understand, I just feel weird", in a recent live broadcast, Luo Yonghao commented on this auto show. Luo Yonghao said that those bigwigs who made cars have gone, and they can interact with the audience and the media, and don't interact with the bosses and the bosses. "There are a lot of competitors who are fake, and they might have fun with it, and I look a little weird. Luo Yonghao commented on the bigwigs visiting each other: "There is also a manufacturer A who ran to manufacturer B to look at the awkward chat carefully, and the painting style is quite strange." ”
Network anchor Yang Tianqi was recovered and fined 823,200 yuan for tax evasion
The tax department's investigation found that online anchor Yang Tianqi engaged in online live broadcast from 2020 to 2021 to obtain income, and underpaid personal income tax of 313,800 yuan and other taxes and fees by 40,100 yuan by not making tax declarations and false declarations. The Inspection Bureau of the Tianshui Municipal Taxation Bureau of the State Administration of Taxation pursued Yang Tianqi's taxes, imposed late fees and imposed fines totaling 823,200 yuan, and Yang Tianqi has paid off the taxes, late fees and fines in accordance with the regulations.
He Xiaopeng: Tesla FSD is especially welcome to enter China, and it should support the blooming of a hundred flowers
On April 28, Tesla CEO Elon Musk arrived in Beijing by private jet. It is reported that the purpose of Musk's visit to China is to meet with Chinese officials to discuss the possibility of Tesla's self-driving software FSD (Full Self-Driving, Chinese for "full self-driving") landing in China. On April 29, He Xiaopeng, chairman of Xpeng Motors, posted an article about his views on Tesla's FSD entry into China, and he said that he "welcomes it very much".
Huang: AI isn't going to completely replace human jobs
On April 29, Nvidia CEO Jensen Huang believes that artificial intelligence will change the world, but human jobs will not disappear. On Sunday night local time, Huang said that as AI helps businesses, they will naturally expand.
"Workers work for the company, so when the company becomes more efficient, the profit grows. I've never seen a company grow profitably without hiring more people. Even if some work is eliminated, he said, "I'm sure you still want humans to be involved because we have good judgment because there are situations that machines can't understand." When it comes to the capabilities of artificial intelligence, the sky is the limit, Huang said. "We hope it will surprise us. That's the point. In some areas, such as drug discovery, design lighter, stronger, and better materials. We need AI to help us explore the universe where we can't do it ourselves. ”
Li Jiaqi's former assistant Fu Peng's entire network account was cancelled
On April 29, some netizens discovered that Fu Peng, who was once Li Jiaqi's assistant in the live broadcast room, canceled his account on the whole network. As soon as the news came out, it aroused heated discussions among netizens, and the topic # Fu Peng's entire network account cancellation # also quickly became the first hot search on Weibo. It is reported that Li Jiaqi and Fu Peng were live broadcast partners when they were not popular, Fu Peng was known as a little assistant, and announced his withdrawal from Li Jiaqi's live broadcast room on May 6, 2020, and posted that he just changed his job. It is understood that Fu Peng has not updated his social media accounts since last year's Double 11.
TO Corporation's movements
The employee was punished for slandering a friend for discussing the accident in the circle of friends, and Li Auto exclusively responded: The situation is true
On April 29, it was reported on the Internet that Li Auto punished the sales of the Circle of Friends commenting on the accident. In this regard, Li Auto exclusively responded to the Titanium Media App: The situation is true. At present, according to the company's system, employees and their direct leaders have been punished.
According to the online pictures, the employee's behavior violated the red line clause in Li Auto's "Retail Store Management System": using the official social platform account to publish content that does not conform to the brand tone and destroys the brand image. The employee is now given a red-line demerit punishment, and is punished by full notification, human resources recording employee files, deducting 100% of the month's performance, and demotion. The store manager also needs to bear joint and several management responsibilities, and all employees are given a notice of criticism. The content of the picture shows that Li Auto emphasized to the store employees that it is necessary to put an end to behaviors that damage the brand image, such as slandering and attacking friends and participating in discussions on negative events of friends.
ChatGPT has been complained about in Austria for providing misinformation
The European Union's General Data Protection Regulation (GDPR) requires that information about individuals must be accurate and that individuals have full access to the information stored and the sources of the information they have in place, the European Digital Rights Center (NOYB), an Austrian nonprofit organization, said in an April 29 statement. But OpenAI has publicly admitted that it can't correct misinformation on ChatGPT. In addition, the company could not say where the data came from, and what data ChatGPT stored about individuals. As a result, the European Digital Rights Center filed a complaint against OpenAI with the Austrian data protection authority, the DPA.
Lele Tea apologized for Lu Xun's joint dispute
Recently, Lele Tea, together with Yilin Publishing House, launched a co-branded milk tea "Smoke Cavity Oolong" with Lu Xun's portrait printed on the cup, which caused controversy after the product was launched, and the word "Smoke Cavity" was accused of disrespect for Lu Xun. Mr. Zhou Lingfei, the eldest grandson of Lu Xun and president of the Lu Xun Cultural Foundation, said that a lawyer's letter had been issued.
Lele Tea issued an apology statement, saying: I apologize to Mr. Lu Xun, Mr. Lu Xun's relatives and the Lu Xun Cultural Foundation, and is willing to take remedial measures, and began to communicate on April 25 to withdraw the relevant new product announcement, and notify stores across the country to remove relevant packaging materials and peripherals.
According to the news, Kuaishou's Beijing game division was all laid off
On April 29, it was reported that in March this year, Kuaishou officially disbanded Kuaishou Beijing Game Division, and only a few people were transferred to other project teams, such as Lin Yancheng, head of Kuaishou's Beijing Game Division. The scale of the layoffs is close to 30-40 people, mainly members of the card project team of "Codename: North Three".
The data of gastrointestinal medicine Zhenglu pill has been falsified for 30 years
A few days ago, the news of "30 years of data fraud of gastrointestinal medicine Zhenglu pills" has aroused widespread concern among Chinese consumers. This is considered to be another Internet celebrity drug "thunder" after the accident of the Japanese pharmaceutical company Kobayashi Pharmaceutical's health care products containing red yeast ingredients.
It is reported that Japan's Far Eastern Company, the manufacturer of the well-known gastrointestinal drug "Zhenglu Pill", was exposed to tampering with the test data of the drug for 30 consecutive years due to insufficient production ingredients. In addition to falsifying data, four gastrointestinal medicines, including "Zhenglu Pill" produced by Jidong, were also found to have violated laws and regulations by directly using the test data of the manufacturer of raw materials without conducting quality tests when procuring raw materials.
Gaohe Automobile responded to the imminent resumption of production and work: It has been working hard, please refer to the company's official announcement
Previously, it was reported that Gaohe Automobile has received a strategic investment from an investment institution in Hong Kong. Therefore, Gaohe Automobile may officially resume production and work at the end of April or early May this year. According to people familiar with the matter, FAW also began an investigation into Gaohe Automobile in April and intends to acquire the company. In this regard, the official response of Gaohe Automobile said: We have been working hard, but there is no information available for public at present, and all information should be subject to the company's official announcement.
China Southern Airlines announced the purchase of 100 C919 family aircraft
China Southern Airlines Co., Ltd. announced on the Hong Kong Stock Exchange that on April 29 (after the end of trading hours), the company entered into an agreement with COMAC to purchase 100 C919 family aircraft from COMAC.
According to the information provided by COMAC, the list price of a C919 family aircraft is $99 million, and the total list price of these aircraft is about $9.9 billion. The list price includes the price of the airframe and the price of the engine.
The announcement pointed out that the company will introduce 100 C919 family aircraft between 2024 and 2031, which can alleviate the pressure on the company's capacity demand.
Apple's iPad operating system is reported to be subject to the European Union's Digital Markets Act
On April 29, it was reported that Apple's iPad operating system has been subject to the EU Digital Markets Act, and Apple has a 6-month buffer to comply with the EU Digital Markets Act. Apple will continue to engage constructively with the European Commission to comply with the relevant technical rules of the European Union.
Xiaohongshu has denied that it is in the process of raising a round worth $20 billion
On April 29, it was reported that Xiaohongshu was in the process of raising a new round of financing valued at $20 billion. According to sources, this round of financing is actually Xiaohongshu's Pre-IPO round of financing, which will make a certain pricing reference for Xiaohongshu's potential IPO.
In response, Xiaohongshu responded to reporters that the news was false information. In March this year, it was also reported that Xiaohongshu's revenue in 2023 reached $3.7 billion, an increase of 85%, and its net profit was $500 million, making it profitable for the first time.
L'Occitane's major shareholder was revealed to be considering a privatization, with a deal worth $7 billion
On April 29, according to foreign media citing people familiar with the matter, L'Occitane owner Reinold Geiger is considering acquiring his unowned shares of L'Occitane at HK$33 to HK$34 per share as early as April 29, and the takeover offer may bring L'Occitane about 6.5 billion euros ($7 billion) in corporate value. Blackstone's Tactical Opportunities Fund and Goldman Sachs' asset management arm will fund the acquisition of approximately €1.6 billion. Foreign media said that L'Occitane did not immediately respond to a request for comment. Blackstone and Goldman Sachs declined to comment.
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