Author: Yi Shan
Interpretation of TO news
Outburst! A well-known 100 billion real estate company, the "South China Five Tigers" Agile also "exploded"
Agile, known as the "Five Tigers of South China" in the industry, also exploded. On May 14, Agile announced that in view of the liquidity pressure faced by the company, the company had not paid the relevant interest on the 2020 notes at the announcement date, and the grace period for the interest payment of the notes expired on May 13, 2024, and it was expected to be unable to meet all payment obligations under its offshore debts. Affected by this news, Agile's share price fell sharply at the opening of the day, with Agile reporting HK$0.6 per share, down 14.29%, with a total market value of about HK$3.028 billion.
Interpretation: There are only a handful of real estate companies that have not yet been lying flat. It's a pity that the 100 billion real estate giant Agile still hasn't carried it.
Agile, known as one of the "Five Tigers of South China", has officially declared default, saying that it is unable to repay the interest on its overseas debts.
The interest can't be paid, and the financial pressure can be imagined. It can be seen from the announcement that bank loans and dollar bonds account for the majority of Agile's debts, which is also the main reason for the explosion of most real estate companies.
In the past, private real estate enterprises did not hesitate to borrow expensive money in order to obtain financing. High interest rates worked in the era of the real estate industry, but now they are a deadly cancer.
In the face of huge debts, Agile has not worked hard: selling assets, selling houses at reduced prices, and laying off employees to save itself, but there are not many bullets in the helpless pocket.
The 100 billion real estate companies that have recently exploded, as well as China SCE Group. And the big brother Vanke also has a crisis this year. At Vanke's interim results meeting, Yu Liang had a sentence: the market has obviously fallen over.
In the past two or three years, the real estate industry has experienced a painful and profound comprehensive liquidation. Compared with the peak in 2021, 27 100 billion real estate companies have disappeared.
Today, the thunder real estate companies will no longer be demonized. After all, students with good grades and hard enough can't hold on.
Fortunately, the rescue is already underway, and the intensity is unprecedented, and major cities have taken action one after another! Real estate enterprises reduce the burden, buy a house and settle down, the interest rate can be negotiated, the old for the new tax refund, the apartment people, water and electricity...... It can be said that everything that can be done has been done.
The management's attitude towards real estate companies has also taken a 180-degree turn, from suppression to rescue. Perhaps, there will be more bottom-of-the-box policies in the future.
However, if you want to solve the fundamental problems of real estate enterprises and real estate, you still have to start from the release of liquidity. So since last year, all major means have been working on the demand side.
The debt of real estate companies ultimately has to rely on the sale of houses to recover cash flow, and the recent 430 meeting re-mentioned destocking, which is also the reason.
In order to sell the house, the next real estate companies will also do their best to benefit the buyers.
If it is not broken, it will not be broken, it will be established first and then broken, and it is expected that the soft landing of real estate, the home owner will have his house, and the home will have his house!
Li Yapeng responded to the accusation of unpaid wages
On May 14, Li Yapeng responded on Weibo that he had been exposed by a former employee that he had not paid back his salary and did not pay social security. Li Yapeng said: First point, when you left your job in the spring of 2024, I really can't remember the total amount of compensation at that time, but as of today, it is indeed about 60,000 yuan in compensation for you, which I understand. Before you leave work today, you must have fixed this issue.
I know that after you left the company, you are also starting your own business and doing self-media, and I also take this opportunity to apologize to more than 100 colleagues who have left the company in the past two years, and thank you for your tolerance and understanding. Fortunately, after more than a year of hard work, we have basically paid more than 90% of the compensation, and I will continue to work hard with victory in sight.
Interpretation: Li Yapeng, who has not appeared for a long time, has been hit by negative news again.
A blogger broke the news that Li Yapeng owed him wages, did not pay social security, and did not repay the arrears. Soon, this matter quickly became a hot search. Li Yapeng himself responded that he would make up the arrears of wages as soon as possible.
This attitude of slipping and kneeling when making mistakes can be regarded as successfully covering up Li Yapeng's public opinion crisis in the past.
Just now, the blogger posted again: The private domain has been ignored for more than 2 years, and the hot search quickly apologized in the public media, which can give 100 points. One is different and two are wide, each is fine, the acting skills are good, and the character is not as good.
This is the end of the matter. This incident added another disgraceful stroke to Li Yapeng's unsmooth entrepreneurial career.
Li Yapeng became famous at a young age, married Faye Wong, and has a very high reputation, as long as he doesn't do it, he will enjoy endless glory and wealth. But he insisted that he was a business wizard, so he ran all the way on the road of entrepreneurship, what to lose, repeatedly defeated, and finally went into debt.
Everyone agreed that Li Yapeng was not a businessman. Li Yapeng has always been more emotional than powerful in business.
He once said: I have no concept of money, investment is like a playful child who likes toys, just because of interest.
This also doomed him to a tragic end in the future. Actors have the rules of actors, and malls have rules of malls. Business can't just rely on feelings, otherwise no matter how good the cards in your hand are, they will be broken.
There is a popular saying on the Internet right now: as long as you want to start a business, you have become the thickest leek.
Around us, there are many such people, some who have started a chain of milk tea shops, restaurants, breakfast shops, clothing stores, and even many "quick recruitment" companies, just staring at this group of people who want to start a business.
These entrepreneurs obviously have no business skills, but they are always unwilling to admit that their abilities are limited, and they only blame themselves for their bad luck. So in the process of starting a business again and again, he pulled himself and even his entire family into the abyss.
Not being able to recognize oneself is the source of a person's tragedy. It's okay to always think about starting a business, this is a disease, it has to be cured!
Domestic oil prices are expected to usher in "two consecutive declines" on the 15th or the largest decline in the year
Domestic refined oil prices are expected to usher in "two consecutive declines" in the price adjustment window on May 15, when oil prices may cash in the biggest decline of the year. According to Jinlianchuang's calculations, as of the eighth working day on May 13, the average price of crude oil varieties referenced in domestic oil price adjustment was 81.73 US dollars / barrel, with a change rate of -4.88%, and the corresponding domestic gasoline and diesel retail prices should be reduced by 235 yuan / ton.
According to this range, the price of gasoline and diesel per liter is expected to be reduced by 0.18-0.19 yuan, and No. 92 gasoline in many places in China may return to the "7 yuan era". This means that the cost of fuel for car owners will decrease. Taking the fuel tank capacity of an ordinary private car with a capacity of 50 liters as an example, filling up a tank of fuel will cost at least 9 yuan less; In terms of diesel, a large truck with a fuel tank capacity of 140 liters will save about 27.5 yuan by filling up a tank of fuel.
TO Characters/Perspectives
11 enterprises under Zhang Ting's name are planned to be cancelled
Tianyancha business risk information shows that recently, Zhang Ting (real name Zhang Shuqin) under the name of Shanghai Yingwei Enterprise Management Co., Ltd., Shanghai Lexie Information Technology Co., Ltd., Shanghai Jiedun Information Technology Co., Ltd., Shanghai Aoyu Enterprise Management Co., Ltd., Shanghai Baiyuan Information Technology Co., Ltd. and other 11 companies have added simple cancellation announcements, and the announcement period is until May 29 and May 30.
Tianyancha shows that 76 of the nearly 90 enterprises under Zhang Ting's name are in existence or opening, including the above-mentioned 11 enterprises that are undergoing simple deregistration, and Zhang Ting serves as the legal representative, executive director or supervisor in most of them, and holds more than 10 corporate shares.
Bill Gates' ex-wife suddenly announced: resignation! She will receive 90 billion yuan to invest in these areas
Melinda French Gates, the ex-wife of Microsoft co-founder Bill Gates and billionaire philanthropist, officially announced on Monday local time that she will resign from her position at the Melinda Gates Foundation.
Melinda said that after much deliberation, she decided to step down as co-chair of the Bill & Melinda Gates Foundation. June 7 will be her last day at the foundation. Melinda said her philanthropy is entering the next chapter, and as part of a deal with Gates, she will receive $12.5 billion (90.5 billion yuan) in funding to invest in areas that represent women and families.
TO Corporation's movements
BYD responds to leakage rumors
Regarding the rumors of "electric shock", BYD responded to the media and said, "We can see from the dashcam video that the co-pilot passenger has no abnormal situation, and the owner can also untie the seat belt to move, plus the vehicle has a safety design of potential balance, and the leakage monitoring has not been abnormal, therefore, it is preliminarily ruled out that the vehicle leakage caused by the owner's illness, and the owner is not ruled out that the sudden cerebral hemorrhage caused by numbness in the hands and feet, and the possibility of mistaken electric shock."
Afterwards, the vehicle was also driven away normally by the owner's family. We express our deep concern and condolences to the owners and their families, and at the same time, we are willing to actively cooperate with the relevant departments to conduct identification and investigation. ”
China Mobile Unicom responded to the information leakage of billionaires such as Zhong Zhang
According to media reports, the two platforms of Tankecha and Lipinyun sold the personal information of entrepreneurs on a large scale, including 10 billionaires such as Zhong Sui, founder of Nongfu Spring, Li Shuirong, chairman of Rongsheng Group, Tang Lixin, chairman of Xinshang Group, and Zhang Hongfu, the actual controller of Mixue Bingcheng.
As for the data source, the sales staff of the two platforms advertised that they were cooperating with the three major telecom operators. In response, China Mobile replied that it would not sell any users' personal information. China Mobile has always attached great importance to the protection of customers' personal information, formulated a series of systems such as the "China Mobile Data Security Management Measures", and established a normalized protection system for customer information. China Unicom replied: "There is definitely no leakage or sale of entrepreneurs' mobile phone numbers." From the perspective of the company's management system, the disclosure of personal information is definitely not allowed. ”
Tencent responds to portfolio companies peddling entrepreneur data
On the 14th, some media reported that Tencent's strategic investment company Leadyun sold the contact information of well-known entrepreneurs such as Lv Zehua, president of Xinhua Zhongsheng Investment Management Co., Ltd., Li Mingshun, founder of Haodai.com, Zhao Qi, legal representative of Xinlian Equity Investment (Hangzhou) Co., Ltd., and Ai Sanjiang Anweier, legal representative of Haikou Caifu Trading Co., Ltd., involving nearly 300 million pieces of enterprise data and information, which is suspected of constituting the crime of infringing on citizens' personal information.
In response, Tencent said that Tencent has less than 9% of the shares in Lishengyun, does not participate in the company's daily operations, has never authorized it to use the Tencent logo, and is not aware of the "large-scale peddling of entrepreneurs' phone calls". "Tencent has contacted the management of Resale Cloud as soon as possible, asking the company to fully verify the situation, and if there are any illegal operations, it must be stopped immediately, and Tencent reserves the right to recourse for infringement."
Alibaba's share of SoftBank's asset value is close to zero
SoftBank Group said on Monday that it had sold almost all of its stake in Alibaba Group as the company focused on investing in artificial intelligence (AI). During the earnings call, Yoshimitsu Goto, SoftBank's CFO, reiterated that SoftBank's portfolio focus has shifted from Chinese e-commerce giant Alibaba to British chip design company ARM.
Alibaba's share of SoftBank's net asset value fell to "almost zero" from 48% in 2020, SoftBank said. That compares to 45% for ARM and 29% for SoftBank's Vision Fund.
Tencent's first-quarter revenue was released
Tencent Holdings' monthly active accounts on WeChat and WeChat are 1.36 billion, and the market estimate is 1.35 billion. In the first quarter, the number of paid members for paid value-added services was 260 million, and the market estimate was 250 million. Revenue from value-added services in the first quarter was RMB78.63 billion. Online advertising revenue in the first quarter was RMB26.51 billion.
Walmart is reportedly laying off hundreds of employees and asking remote employees to return to the office
Walmart is cutting hundreds of corporate positions and requiring most remote employees to return to the office, according to people familiar with the matter. Employees in smaller offices in Dallas, Atlanta, and Toronto were asked to move to larger centers. Employees will still be allowed to work remotely and part-time as long as they are in the office most of the time, the person said.
After a one-month free trial of Tesla FSD, only 2% of car owners chose to subscribe
Gary Black, a well-known Tesla investor and managing partner of the Future Fund, cited data from credit card data provider Yipit that only 2% of Tesla owners in the U.S. who received a one-month free trial of FSD chose to subscribe to the service after the trial period ended. This raises concerns about the future of this technology.
Blake noted that Yipit's survey sample size was relatively small, "with a sample size of only 3,500 users out of 1.8 million trials, so it may not be representative of the Tesla owner base." Tesla needs to figure out whether the low acceptance rate is due to low added value or the price of $99/month. ”
AliExpress: The South Korean market is growing rapidly, and 4 local leading logistics companies have been signed
According to AliExpress, with the rapid growth of AliExpress in the Korean market and the continuous influx of orders, AliExpress has expanded its cooperation with local logistics companies in South Korea and signed contracts with four leading logistics companies in South Korea, including CJ Logistics, Hanjin, Lotte Global Logistics, and Korea Post. These four logistics companies will be responsible for AliExpress's local delivery in South Korea for the next year.
Intel appoints industry veteran as head of foundry
Intel announced the appointment of Kevin O'Buckley as head of foundry. He will succeed retiring Stuart Pann, who established Intel's foundry division under the company's new operating model. O'Buckley will report to Intel CEO Pat Gelsinger, who has more than 25 years of experience in the semiconductor industry and most recently served as senior vice president of hardware engineering for Marvell Technology's Custom Silicon Group. He has also held leadership positions at companies such as GF and IBM.
An employee of an e-commerce platform accepted bribes of more than 9,200 yuan a year
According to CCTV Rule of Law Online, Wang is an operator of the basic position of an e-commerce platform in Hangzhou, responsible for the approval business of the official flagship store of furniture on this e-commerce platform, but in just one year, Wang quickly turned the approval power in his hand into a business of hundreds of millions of yuan, during which he and many people jointly accepted bribes of more than 130 million yuan, of which his own bribes were more than 92 million yuan, and gradually formed a gray and black industrial chain of reselling furniture official flagship store indicators. At present, Wang has been prosecuted by the Yuhang District Procuratorate of Hangzhou City on suspicion of accepting bribes by non-state functionaries, and the case is under trial.
Cainiao worry-free was exposed to the cost of job search services in the tens of thousands
Recently, a reporter from the Beijing News received complaints from a number of readers that a company called "Cainiao Worry-free" charged tens of thousands of yuan, or even tens of thousands of yuan, in the name of helping job seekers recommend them to state-owned enterprises and central enterprises, and give priority to admission. As of May 14, there were more than 100 complaints about the keyword, mainly involving false propaganda and overlord clauses.
"The landing rate of more than 10,000 (yuan) is 93%, and the landing rate of more than 30,000 (yuan) is 98%", "more than 30,000 (yuan) are mainly power grid, tobacco, railway, bank, petroleum, and military enterprises"...... Under the temptation of the attractive "landing rate" and the ability to help her children enter the employment of central enterprises and state-owned enterprises, since the end of last year, Ms. Cheng, a parent in Nanjing, has spent nearly 40,000 yuan to buy job search services for her children. But what she didn't expect was that not only did the child have no job at present, but there was no way to recover the fees paid.
Novartis will replace its president in China: Zhang Ying will take up a position at the headquarters, and the president of Japan will take over
On May 13, Hebray, President of Novartis International Business Division, announced that Zhang Ying, the current President of Novartis China, will serve as the Chief Commercial Officer (CCO) of Novartis International Business Unit from June 1, leading Novartis Commercial Listing Strategy Team, based in Basel. Leo Lee, the current president of Novartis Japan, will be appointed president of China.
Hyundai Motor Group's first-quarter profit surpassed that of Volkswagen Group for the first time and topped the world's second
South Korea's Hyundai Motor Group's operating profit in the first quarter of 2024 surpassed Volkswagen Group for the first time to become the world's second-most profitable automaker, marking an important milestone in its development journey, according to KoreaTimes.
Hyundai Motor Group's three major automakers, Hyundai Motor, Kia Motors and Genesis, achieved a consolidated operating profit of 6.98 trillion won (currently about 36.924 billion yuan) in the first quarter, slightly higher than the Volkswagen Group's about 6.78 trillion won in the same period.
Toyota Motor Co., Ltd. topped the list by more than 2 trillion won, surpassing Hyundai. However, Hyundai Motor Group has surpassed Toyota Motor in terms of operating profit margin. Hyundai Motor Group's operating margin of 10.4% is the highest among global automakers. Toyota's operating margin was 10 percent for the same period, compared to 8.7 percent for General Motors and 6.1 percent for Volkswagen Group.
This latest achievement was driven by Hyundai Motor Group's diversified automotive product line and lucrative sales growth in luxury cars. Kim Sung-rae, an analyst at Hanwha Investment & Securities, said, "Sales growth increased due to an increase in the sales ratio of the Group's SUV models and the Genesis brand. ”
According to data released by Korean media, Hyundai Motor's global market sales in the first quarter of this year have exceeded 1 million, including SUV models and hybrid models. Kia Motors sold more than 750,000 units worldwide in the same period, a slight decrease of about 1% from the same period last year. In 2023, Hyundai Motor Group's total global sales reached 7.3 million units, and this year, the group has set an annual target of 2% year-on-year sales growth.
TO cutting-edge technology
Google launched the Wensheng video model to benchmark Sora
OpenAI's text-to-video Sora launch three months ago has sparked widespread discussion among netizens, the media, and insiders. On May 15, Google also launched a benchmark product, Veo, at the 2024 I/O developer conference, which can generate "high-quality" videos with a length of more than 1 minute and a resolution of up to 1080p, and has a variety of visual and cinematic styles.
According to Google's official press release, Veo has an advanced understanding of natural language, and is able to understand film terms such as "time-lapse" and "aerial landscape". Users can use text, images, or video prompts to guide their desired output, which Google says produces "more coherent" videos with more realistic movements of people, animals and objects throughout the shot.
Alibaba Cloud's AI revenue grew by triple digits
On May 14, Alibaba announced its fourth quarter and full-year results for fiscal 2024, with Alibaba Cloud's quarterly revenue increasing by 3% year-on-year and adjusted EBITA increasing by 45% year-on-year. The innovation of AI technology and the explosion of applications have significantly driven the growth of traditional cloud computing demand, including general computing, storage, and big data.
During the quarter, Alibaba Cloud's AI-related revenue accelerated by triple-digit year-over-year growth, driven by basic model companies, Internet companies, and customers in industries such as financial services and automobiles. At the same time, Alibaba Cloud has launched eight large language models with parameter sizes ranging from 500 million to 110 billion, of which the 110 billion parameter model has performed well in multiple benchmarks and is at the top level among global open source models.
Unitree Technology launched the Unitree G1 humanoid robot, priced at 99,000 yuan
Unitree Technology's official WeChat news on May 13, Unitree Technology released a new humanoid robot called Unitree G1. The robot has a large joint movement angle and up to 34 joints, and it also incorporates force and position hybrid control technology to simulate the precise operation of the human hand. In terms of pricing, the market price of the Unitree G1 base model is about 99,000 yuan.
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