Reporter | Li Xinting
<h3>Nvidia's acquisition of ARM suffered a major setback: the European Union launched a comprehensive antitrust investigation</h3>
On October 28, sina technology reported that U.S. graphics chip giant Nvidia plans to spend $54 billion to acquire British semiconductor design company ARM, but this transaction has suffered a major setback. On Wednesday, local time, the EU antitrust agency launched a large-scale antitrust investigation into the acquisition transaction, due to concerns that the acquisition will lead to higher semiconductor prices, customers face fewer choices, and industry innovation will be weakened. ARM is the UK's most important technology company, and the UK government market competition body is also investigating NVIDIA's acquisition deal. A NVIDIA spokesperson said it was working closely with the European Commission to complete the regulatory process.
<h3>Twitter's stock price plunged more than 10% to the biggest drop in nearly 6 months</h3>
On October 28, Twitter's stock price fell 10.78% on Wednesday, US time, closing at $54.81, the biggest decline in nearly 6 months. As Twitter's third-quarter revenue and fourth-quarter expectations have not satisfied Wall Street, the stock price has fallen for 6 consecutive days.
Social media has been under pressure in recent times because Apple's new privacy policy may affect its advertising revenue. Analysts said the drop in stock prices showed investors' concerns that Twitter's growth and expectations would be affected by Apple's IDFA and supply chain issues.
<h3>Samsung's third-quarter net profit was $10.3 billion, up 30% year-over-year</h3>
On October 28, Samsung Electronics released its financial results for the third quarter of fiscal 2021 as of September 30. According to the financial report, Samsung's revenue in the third quarter was 73.98 trillion won (about $63.116 billion), up 10.48% from 66.96 trillion won in the same period last year. Net profit attributable to shareholders of Samsung's parent company was KRW 12.06 trillion (US$10.287 billion), up 30.11% from KRW 9.27 trillion in the year-ago quarter.
<h3>Meituan's strategy was adjusted to "retail + technology", and Wang Xing led the retail task force</h3>
On October 27, according to the "Late Post" report, at the monthly business meeting, Meituan announced a new round of adjustments: Meituan set up a special group responsible for the discussion and resolution of retail-related businesses, the members of the group are Wang Xing, founder and CEO of Meituan, Wang Puzhong, senior vice president and president of the Home Business Group, Chen Liang, senior vice president and general manager of the Preferred Business Unit, Guo Wanhuai, general manager of the Fast Donkey Division, and Li Shubin, vice president and general manager of the Meituan platform. Meituan also integrates business such as preferred, fast donkey, and grocery shopping, which is under the unified responsibility of Chen Liang, and Guo Wanhuai will assist Chen Liang in management. This is the biggest personnel adjustment of Meituan since the departure of co-founder Wang Huiwen in December last year.
<h3>Microsoft's fiscal first quarter revenue was $45.317 billion, up 22% year-over-year</h3>
On October 27, Microsoft released its fiscal first quarter of fiscal 2022. According to the financial report, Microsoft's revenue in the first fiscal quarter was $45.317 billion, an increase of 22% year-on-year. Gross profit was $31,671 million, up 21.1% year-over-year. Net income increased 48% year-over-year to $20,505 million and non-GAAP adjusted net profit of $17,214 million, up 24% year-over-year. Earnings per share were $2.71, an increase of 49% year-over-year.
<h3>Google parent Alphabet totaled revenue of $65.118 billion in the third quarter, and net profit increased by 68% year-on-year</h3>
On October 27, Google parent company Alphabet released its quarterly financial results for the quarter ended September 30, 2021. According to the financial report data, Alphabet's total revenue in the third quarter was $65.118 billion, an increase of 41% year-on-year; operating profit was $21 billion, an increase of 87.5% year-on-year. Net profit increased by 68% year-on-year to $18,936 million. Earnings per share were $27.99, up 71 percent year-over-year and beating analysts' estimates of $23.48.
<h3>The CEO of T3 Travel said that he would definitely IPO and determined not to list abroad</h3>
On October 26, T3 Travel announced that it had received a round of financing of 7.7 billion yuan, which was led by CITIC Consortium, followed by Yingtong Technology, Tongcheng Travel, Hongwei Capital, Dezaihou Capital, etc., and continued to be supported by old shareholders such as FAW, Dongfeng, Changan, Ali, and Tencent. Cui Dayong, CEO of T3 Travel, said that the financing will be used to increase scale, increase market share, and will be used to lay out autonomous driving. Up to now, the cumulative number of registered users of T3 Travel has exceeded 54 million, and the number of orders on September 30 exceeded 2 million. Cui Dayong said that T3 Travel will definitely IPO and confirm that it will not be listed abroad.
<h3>AMD's third-quarter results reached a new high, with a 137% year-on-year increase in net profit</h3>
On October 27, local time, AMD released the third quarter of 2021 financial report. AMD outperformed expectations for the quarter, delivering revenue of $4.313 billion, up 54% year-over-year, and net income of $923 million, up 137% year-over-year. Analysts previously expected AMD's quarterly revenue to be $4.25 billion, non-GAAP earnings per share at $0.67, and AMD's realization of $0.73.
<h3>OPPO announced a series of new technologies such as heterogeneous computing, ray tracing, and virtual human cloth</h3>
On October 27, OPPO held the 2021 Developer Conference, launched the first virtual human cloth, and brought new technologies such as heterogeneous computing and ray tracing for mobile terminals, and also announced OPPO Zhixing's vehicle and machine solutions.
Xiaobu virtual person is a mobile phone intelligent assistant based on virtual human multimodal interaction, ray tracing technology is based on Vulkan API, facing the next generation of mobile light-chasing hardware, which can restore the details of the real world in the picture, heterogeneous computing is a solution for performance power optimization, OPPO Zhixing solution is a cross-terminal full-scenario system travel solution covering from hardware to software, from technical capabilities to service applications, from two-wheeled electric vehicles to four-wheeled vehicles.