On the afternoon of April 30, Huawei released a personnel adjustment document, announcing that Yu Chengdong will step down as CEO of Huawei Device BG and retain the position of chairman of the terminal BG. He Gang, former Huawei Device BG and Chief Operating Officer, took over as CEO of Huawei Device BG. Aside from the above-mentioned personnel changes, there is no more information about the document, according to people familiar with the matter. The background of this major personnel change and the new business focus after Yu Chengdong stepped down as CEO of Terminal BG were also not explained. (Straight Flush Finance)
On the evening of April 29, CaoCao Inc. (hereinafter referred to as "Cao Cao Travel") submitted a listing application to the main board of the Hong Kong Stock Exchange, with Huatai International, ABC International and GF Capital (Hong Kong) as joint sponsors. In 2023, Cao Cao's revenue increased by 39.8% year-on-year to RMB10.7 billion, and gross margin improved to 5.8%.
It is reported that Cao Cao was incubated and established by Geely Holding Group in 2015 and is headquartered in Suzhou. Cao Cao's services include mobility services, vehicle rental, vehicle sales and others. Among them, the main source of income is the travel services provided in the form of online car-hailing. According to Frost & Sullivan, Cao Cao has been among the top three ride-hailing platforms in China in terms of gross transaction value (GTV) in 2021, 2022 and 2023. (Jimu News)
On April 29, it was reported that Kuaishou officially disbanded Kuaishou Beijing Game Division in March this year, 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". (Competition)
[Tesla and Baidu Maps Exclusive Deep Customization Lane-level High Auxiliary Map] on April 30, it was reported yesterday that Tesla will use the advanced assisted driving map provided by Baidu for the Chinese version of FSD, affected by this news, Hong Kong stock Baidu stock price rose more than 6%, and Tesla's share price rose more than 15% at the close of the US stock market yesterday. Today, it was found on the website of the Ministry of Natural Resources that in addition to the "Baidu Vehicle Machine Map" (T version) used for car navigation services, Baidu Maps has also recently approved a number of "Advanced Assisted Driving Maps" by the Ministry of Natural Resources. According to a person familiar with the matter, 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 the lane-level map completed by the two parties, and the cooperation between Tesla and Baidu Maps is "exclusive" and deeply customized. (CBN)
On April 30, Faraday Future announced that it had received a letter from the Nasdaq exchange and would be delisted from the Nasdaq because it did not comply with the Nasdaq listing rules. On April 24, 2024, the Nasdaq exchange noted that Faraday Future Inc. did not meet the requirements of Rule 5810(c)(3)(A)(iii) of the Nasdaq Listing Rules because the company's securities closed at $0.10 or less for ten consecutive trading days. As a result, Nasdaq staff decided to delist the company's securities from the Nasdaq Capital Market. Faraday Future said it intends to request a hearing to appeal the delisting ruling by May 1, 2024, the latest date allowed, during which the company's securities will continue to be listed on the Nasdaq Capital Market.
On the same day, Jia Yueting posted a video in response to rumors such as the previous repayment of tens of billions of US dollars. In the video, Jia Yueting refuted the rumor that he set up a 500 million trust for his daughter, and said, "Some people have made rumors that the 10 billion US dollars that I and the company have repaid in total are repaid with FF stock debt trust, which is completely wrong and rumor." In fact, almost all of the $10 billion was repaid in cash, and in the process of repayment, in order to raise funds quickly, many assets were sold at low prices and forced auctions, and the auction price was less than half of the actual value. Since its manufacture in 2014, a total of 11 FF91 units have been delivered, and all of them have been recalled. (Finance Associated Press)
[Huawei achieved revenue of 178.45 billion yuan and net profit of 19.65 billion yuan in the first quarter] Huawei Investment Holding Co., Ltd. disclosed the first quarter report of 2024, during which the company achieved operating income of about 178.45 billion yuan, a year-on-year increase of 36.66%, and net profit attributable to the parent company of about 19.65 billion yuan, a year-on-year increase of about 564%. (SSE News)
[Musk is reported to have fired two more Tesla executives and plans to lay off further employees] On April 30, it was reported that Tesla CEO Musk is reported to have fired two more Tesla executives and plans to lay off hundreds of more people. In an email sent to Tesla executives late on April 29 local time, Musk said that Rebecca Tinucci, a senior director of the company's charging station division, and Daniel Ho, head of new products, will leave on the morning of April 30. Tesla's public policy team, led by former executive Rohan Patel, will also be disbanded. (Straight Flush Finance)
[Tianya community will resume access] Tianya community Weibo issued the "Announcement on the Progress of the Resumption of Access to the Tianya Community Network Platform and the Progress of the New Tianya". The announcement said that after the company actively took various fund-raising measures, the special funds required for the resumption of access to the network platform have been implemented, and because the financing plan approved by all parties has only been formed recently, the necessary process is being followed, coupled with the implementation of technology, it will still take some time to officially resume access. Under the condition of ensuring data security and compliance, the initial resumption of access will start with users who participate in the Tianya Membership Program, and then provide access services to the public. (The Paper)
[Nezha CEO: Nezha car airbag bursts out within 200 milliseconds, the door handle will pop up and automatically unlock] Recently, a rear-end collision accident involving a Wenjie M7 in Shanxi Province caused three deaths, which has attracted widespread attention. For the accident itself, some people still have doubts, such as whether the very big debate about the hidden door handle has delayed the rescue, at noon on April 30, Nezha Automobile CEO Daniel Zhang posted a Weibo to explain the hidden door handle of his own vehicle. At present, the Weibo can no longer be queried. (Fast Technology)
On April 29, the popularity of Zhou Hongyi, the founder of 360, who sold Maybach at a transaction price of 9.9 million, did not last for 24 hours, and it was reported that the vehicle auction consignor was affiliated with Beijing Dajue Investment Consulting Co., Ltd., which is 100% owned by Zhou Hongyi's ex-wife Hu Huan. Earlier, when the stock price of 360 was at a high level, Zhou Hongyi and Hu Huan officially announced their divorce, and some investors raised questions about "fake divorce and real reduction". On April 30, the staff of the 360 Securities Department told the Red Star Capital Bureau that Zhou Hongyi and Hu Huan are indeed divorced now, because Zhou Hongyi does not have a driver's license and other reasons, so the Maybach is registered on Hu Huan's company. (CBN)
The reporter noticed that on the official website of Wenjie Automobile, the introduction page of Wenjie M7 and the new M7 of Wenjie clearly stated that Wenjie M7 series vehicles are equipped with Hongmeng intelligent cockpit. Zhang Jie said that unlocking after a collision is mandatory by regulations. When a new car is launched, it generally has to go through the relevant tests of China Automotive Technology and Research Center Co., Ltd. and meet the standards of China's new car evaluation procedures. According to the test procedures of the C-NCAP standard, in the frontal 100% overlapping rigid barrier crash test, all doors should be fully closed before the test, and the door inspection items after the test include "checking whether the door is locked." After the test, for each row of seats, if there are doors, check whether the doors on both sides can be opened without the use of tools". (CSI Taurus)
[OpenAI Enhances Content Cooperation, Signs to Use the Financial Times Database to Train AI Models] On April 30, OpenAI recently signed an agreement with the British news media "Financial Times" to use the latter's database content to train artificial intelligence models. OpenAI has previously reached similar agreements with four media outlets, including the Associated Press. According to the agreement, the Financial Times has licensed its content to OpenAI to help the latter develop generative AI technology that can create text, images, and code that are close to human creation. (IT House)
On April 29, Apple introduced third-party app stores, browsers and other features to the European Union in iOS 17.4 released last month to comply with the relevant DMA regulations of the European Union. According to reports, the EU is currently requiring Apple's iPads to follow the same regulatory strategy as the iPhone, and Apple is said to have six months to "adjust", at which point EU users will also be able to freely use third-party app store/NFC functions on Apple iPads and be able to uninstall more built-in apps. Referring to previous media reports, the European Commission will require Apple to open the Tap to Pay payment option "as soon as next month", and also require iPhone users to be able to delete the "Photos" app that comes with the system. (IT House)
[Luckin Coffee: Total net income in the first quarter was 6.278 billion yuan, a year-on-year increase of 41.5%] Luckin Coffee disclosed its financial report for the first quarter of 2024, with a total net income of 6.278 billion yuan in the first quarter, a year-on-year increase of 41.5%, and a net loss of 83.2 million yuan, compared with a revenue of 564.8 million yuan in the same period last year. In the first quarter, Luckin Coffee opened 2,342 net new stores, and the total number of stores reached 18,590 at the end of the reporting period, including 12,199 self-operated stores and 6,391 associated stores. The average number of monthly trading customers was about 59.91 million, a year-on-year increase of 103.2%. (Upstream News)
On April 30, News Corp. staff and people familiar with the matter revealed that Google has agreed to pay News Corp., the owner of the Wall Street Journal, $5 million to $6 million a year for the development of new AI-related content and products. (The Information)
[Make a friend in the live broadcast room to respond to Cui Yongyuan's question: the product has never been shown to have a weight loss effect] On April 26, Cui Yongyuan released a video, saying that the "Duoyan Slim Soso Blueberry Live Enzyme Jelly" he purchased was a liar product, and there were frequent text messages and phone calls to harass and promote products in the business. In this regard, the official Weibo of the Make a Friend live broadcast room responded to Cui Yongyuan's question on the 30th, saying that the Make a Friend live broadcast room has never displayed the material with weight loss effect of "Duoyan Slim Soso Blueberry Live Enzyme Jelly", and has communicated with the brand to remind and restrain the improper behavior of after-sales personnel. (Sino-Singapore Jingwei)
["Egg Boy Party" pushes the strictest consumption restriction order: face verification will be mandatory if the cumulative recharge reaches 328 yuan in a single day] On April 30, NetEase's official Weibo "Egg Boy Party" released a proposal, which mentioned that when all users have a cumulative recharge of more than or equal to 198 yuan on the same day, they will receive a rational consumption reminder before the next recharge, and the process can only be continued after confirmation; When the cumulative recharge is greater than or equal to 1,000 yuan, a new recharge needs to pass face recognition verification before continuing the process. (National Business Daily)
Zhou Chengjian, founder, chairman and president of Metersbonwe, issued an open letter seeking support from shopping malls] Zhou Chengjian, founder, chairman and president of Metersbonwe, released a letter to the friends of the shopping center on the morning of April 30. Zhou Chengjian said that Metersbonwe's global new retail digital construction has achieved results in recent years, and hopes that the majority of shopping malls will support the new retail development strategy of Meibang Apparel, and the phased digital new retail temporary stores and new digital new retail trends (local life stores) will be achieved. According to the financial report released by Meibang Apparel on April 29, in 2023, Meibang's revenue will decline by 5.81% year-on-year to 1.356 billion yuan, the net profit attributable to the parent company will be 31.75 million yuan, a year-on-year turnaround, and the net profit loss of non-attributable to the parent will be 445 million yuan. In the first quarter, Meibang's clothing revenue fell 31.38% year-on-year to 279 million yuan, the net profit attributable to the parent company increased by 55.37% year-on-year to 68.11 million yuan, and the net profit deducted from the non-attributable parent decreased by 61.80% year-on-year to 7.97 million yuan. (Interface News)
[Beijing Haidian District Municipal Supervision Bureau: "Tan Yaxue" and "Honey Snow Bingcheng" and other 16 restaurants were investigated and punished] According to the official account released by the Beijing Haidian District Market Supervision and Administration Bureau, recently, the Haidian District Market Supervision and Administration Bureau continued to carry out a major inspection of catering food safety, and investigated and dealt with 16 catering stores such as "Tan Ya Blood", "Honey Snow Bingcheng" and "Zhang Liang Malatang" in accordance with the law, involving problems such as unhygienic kitchen environment, unwashed fruits and mixed raw materials for direct import. (Guangming.com)
On April 30, local time, the European Commission launched a formal investigation process against Meta under the Digital Services Act. The alleged infringements by the metaverse company involve deceptive advertising and a range of policies related to political content in its services, as well as possible flaws in the company's provision of access to publicly available data to researchers. (CCTV News)
[Midea Group plans to invest 8 billion yuan of its own funds to carry out trade-in] It was learned from Midea Group that in response to the State Council's "Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in", the company plans to invest 8 billion yuan to promote the trade-in of all brands and products of Midea Group from today, including whole-house household appliances and HVAC, robots, medical equipment, elevators and other engineering equipment products. (Oriental Fortune Network)
[India's FirstCry restarts its IPO, seeking to raise $218 million] On April 30, it was reported that SoftBank-backed Brainbees Solutions (operating under the FirstCry brand) has resumed its Indian IPO, seeking approval from market regulator SEBI, and according to its prospectus, it will raise up to 18.2 billion Indian rupees (about $218 million). (Interface News)
【Teyi Technology Completes C Series 100 Million Financing】Teyi Technology, a developer of automatic testing equipment in the optoelectronic display industry, has completed the C round of 100 million yuan financing, and the investor in this round is Ziyang Industrial Investment Group Co., Ltd. Teyi Technology focuses on the R&D, design, production and sales of automatic testing equipment in the optoelectronic display industry, and its products are widely used in the fields of LCD, OLED, as well as Micro LED, Mini LED, Micro OLED, TFT LCD and other semiconductor optoelectronic display fields. The company has received multiple rounds of financing, including Series A+ and Series B. (Smartbeast AnalysisLogin to see more)
【Lingxi Technology Completes B+ Round of Financing】Lingxi Technology, the earliest brain-like computing chip R&D provider in China, has completed the B+ round of financing, and the investor in this round is Guoding Capital. Lingxi Technology was born in the Brain-like Computing Center of Tsinghua University, and its research and development of a new generation of brain-inspired computing chips, acceleration boards, and servers that integrate von Neumann and brain-inspired computing architecture landed on the cover of the main issue of Nature on August 1, 2019. Previously, Lingxi Technology has completed multiple rounds of financing, including angel round, Pre-A round, A round, A+ round, equity financing, etc. (Smartbeast AnalysisLogin to see more)
【Qing Hangtian Completes Over 100 Million Yuan Series B Financing】Qing Hangtian Completes Over 100 Million Yuan Series B Financing, and the investors in this round are Qingda Mingyun, China Securities Construction Investment Capital, and Chengdu Science and Technology Venture Capital Group. Qinghangtian is an engine system supplier, providing users with small turbojet and turboshaft power units suitable for unmanned aerial vehicles, gyroplanes, target missiles and other aviation aircraft. The funds from this round of financing will be used to increase R&D investment, further expand the market and upgrade the team. (Smartbeast AnalysisLogin to see more)
[Google Pixel 8a phone optional 128/256GB storage version, sold from $499] Google is about to launch the Pixel 8a phone, the current price information of this phone has been leaked, the 128GB version is priced at $499 (note: currently about 3613 yuan), and the 256GB version is priced at $559 (currently about 4047 yuan). (IT House)
[Chery Jietu Daisheng Youth Edition / PRO model listing: 1.5T power, starting from 94,900 yuan] Jietu Daisheng SUV added a new youth version / youth PRO version on April 30, the car is claimed to be designed by former Porsche designer Hakan Saracoglu, using a "mecha-type" appearance, and equipped with a borderless front grille, the two new models can choose from interstellar black, moonlight white, vanilla blue, phantom gray, bright moon gray, and Aurora green exterior color. (IT House)
On April 30, the Beijing Municipal Commission of Housing and Urban-Rural Development issued a notice on optimizing and adjusting the city's housing purchase restriction policy. From the day after the issuance of this notice, on the basis of the implementation of the existing housing purchase restriction policy, the following resident families (including husband and wife and minor children, the same below) or adult single persons are allowed to purchase one new commercial housing (including newly built commercial housing and second-hand housing) outside the Fifth Ring Road:
1. Households with household registration in Beijing (including families of active military personnel and armed police officers stationed in Beijing, and families with valid "Beijing Work and Residence Permits") already own 2 houses in Beijing; 2. Adult singles with household registration in Beijing who already own 1 house in Beijing; 3. Non-resident families or adult singles who have paid social insurance or individual income tax in Beijing for more than 5 consecutive years (inclusive) have owned 1 house in Beijing. Among them, the newly purchased commercial housing is located in Tongzhou District (excluding Taihu and Majuqiao areas) resident families or adult single persons, and must also be registered in Tongzhou District, or have labor relations with enterprises registered or operating in Tongzhou District, party and government organs, enterprises and institutions relocated to Tongzhou District. (Global Times)
[The actual sales revenue of China's game market in the first quarter increased by 7.6% year-on-year] On April 30, Gamma Data's "Quarterly Report on China's Game Industry from January to March 2024" showed that from January to March 2024, the actual sales revenue of China's game market was 72.638 billion yuan, a year-on-year increase of 7.6%, mainly affected by the scale of the mobile game market. From January to March 2024, the actual sales revenue of China's self-developed games in overseas markets was US$4.075 billion, an increase of 5.03% month-on-month and 5.08% year-on-year. From January to March 2024, the actual sales revenue of China's mobile game market was 52.895 billion yuan, an increase of 8.63% year-on-year. From January to March 2024, the actual sales revenue of China's client game market reached 16.771 billion yuan, up 1.76% month-on-month and 1.48% year-on-year, with operational activities being the main reason for the growth. (Securities Times)
[Counterpoint: The global market share of high-end smart watches is expected to increase by 15% this year, and the domestic market share of Huawei Hongmeng watches will reach 61%] On April 30, the market research agency Counterpoint released a report predicting that the global market share of global high-end smart watches will increase by 15% in 2024, of which the domestic market share of Hongmeng HarmonyOS watches will reach 61%, and the market share of WearOS will grow steadily. (Science and Technology Innovation Board Daily)
[In the first quarter of this year, 1.419 billion domestic trips, a year-on-year increase of 16.7%] On April 30, the Ministry of Culture and Tourism announced today that according to the statistical results of the domestic tourism sampling survey, in the first quarter of 2024, the number of domestic trips will be 1.419 billion, an increase of 203 million over the same period last year, a year-on-year increase of 16.7%. Among them, the number of domestic trips by urban residents was 1.077 billion, a year-on-year increase of 14.1 percent, and the number of domestic trips by rural residents was 342 million, a year-on-year increase of 25.7 percent. The total travel expenditure of domestic tourists was 1.52 trillion yuan, an increase of 0.22 trillion yuan over the previous year, a year-on-year increase of 17.0%. Among them, urban residents spent 1.29 trillion yuan on travel, a year-on-year increase of 15.4 percent, and rural residents spent 0.23 trillion yuan, a year-on-year increase of 26.9 percent. (CCTV News)
[The total box office of new films in May Day in 2024 will exceed 200 million yuan] On April 30, according to the Lighthouse Professional Edition, as of 13 o'clock today, the total box office (including screenings and pre-sales) of new films in 2024 has exceeded 200 million yuan. "The Siege of the Kowloon Walled City", "Spy Playing House Codename: White" and "Peacekeeping Anti-riot Team" are temporarily among the top three at the current box office (including screenings and pre-sales). (Oriental Fortune Network)