Science and Technology Morning Post | Huawei's revenue last year was 891.4 billion yuan JD.com merged JD.com's cloud and AI businesses into JD Digital

<h3>Ten Clubs completed a $750 million Series D financing</h3> round

Recently, the community e-commerce enterprise Ten Hui Group completed a Series D financing with a financing amount of US$750 million, jointly led by Alibaba and DST Global, and followed by the D.E. Shaw Group, Chenxi Investment, Jeneration Capital Times Capital, Dragoneer, CDH Investment, GGV Jiyuan Capital, Kunlun Capital, Franchise Capital and Gao Hu Capital. Gao Hu Capital continues to act as the sole financial advisor for this round of financing.

The Ten Clubs were established in June 2018. So far, it has entered 1598 cities and counties in 25 provinces across the country, with more than 1 million regimental leaders and more than 15 million daily orders.

According to reports, the current round of financing of the Shihui Group is mainly used to build the supply chain infrastructure of the sinking market and strengthen the source collection capacity of fresh commodities.

<h3>Skyworth released a deformable TV that can be bent and straight, priced at 29999 yuan</h3>

On March 31, Skyworth released a number of new products at the spring new product launch, including a convertible OLED TV W82 and an 8K 88-inch ultra-large screen OLED TV W92. This W82 TV is equipped with a 4K 120Hz OLED screen, which can make the TV become curved or straight through the hinge of the screen back panel, and is currently priced at 29999 yuan. Skyworth W92 is a large screen 8K 120Hz OLED TV, the screen size is 88 inches, the price is about 200,000 yuan.

<h3>Huawei's revenue in 2020 reached 891.4 billion yuan, and the growth rate of consumer business slowed down</h3>

On March 31, Huawei released its 2020 annual report. The report shows that Huawei's performance growth rate in 2020 slowed down, but basically achieved business expectations, of which sales revenue of 891.4 billion yuan, an increase of 3.8% year-on-year; net profit of 64.6 billion yuan, an increase of 3.2% year-on-year.

In 2020, Huawei's carrier business revenue was 302.6 billion yuan, an increase of 0.2% year-on-year. In terms of enterprise business, Huawei's revenue in 2020 was 100.3 billion yuan, an increase of 23% year-on-year. In the consumer business, due to the slowdown in growth due to the impact of sanctions, revenue in 2020 was 482.9 billion yuan, an increase of 3.3%.

The annual report discloses that Huawei has received a deposit of 10 billion yuan from the buyer who purchased the Honor business. The original 100% equity of Glory Terminal Co., Ltd. was changed to Shenzhen Zhixin New Information Technology Co., Ltd. on November 17, 2020, and the delivery of the relevant assets was completed no later than June 30, 2021 due to the impact of the epidemic.

<h3>Huawei plans to launch the Hongmeng operating system on mobile phones</h3>

On March 31, Hu Houkun, vice chairman and rotating chairman of Huawei, said that at present, HarmonyOS has attracted more than 20 hardware manufacturers and 280 application manufacturers to participate in ecological construction. Next, it is planned to launch the Hongmeng operating system on mobile phones.

<h3>SMIC's net profit in 2020 increased by 141.5% year-on-year</h3>

On the evening of March 31, SMIC released its 2020 annual financial report. According to the financial report, in 2020, SMIC's operating income was 27.471 billion yuan, an increase of 24.8% year-on-year; net profit was 4.332 billion yuan, an increase of 141.5% year-on-year, and basic earnings per share were 0.67 yuan.

SMIC said its revenue target for the first half of 2021 is about 13.9 billion yuan; the full-year gross profit margin target is 10 to 20 percent in the middle. Capital expenditure was RMB28.09 billion, most of which was used for the expansion of mature processes, and a small part was used for advanced processes, civil engineering of new joint venture projects in Beijing and others.

<h3>JD.com merged JD Cloud and AI business into JD Digital</h3>

On March 31, JD Group announced that it had signed a final agreement with JD Digital through its subsidiary to divest JD Digital's cloud and artificial intelligence businesses from JD Digital, with a total value of 15.7 billion yuan. After the completion of the transaction, JD Group's stake in JD Digital increased to about 42%.

Since the fintech regulation heated up in November 2020, there has been no new progress in the IPO process of JD Digital. After the official merger of JD Cloud and artificial intelligence business into JD Digital, JD Digital's financial business has been weakened again, and the attributes of science and technology are more obvious. This adjustment may be in preparation for the promotion of JD Digital's IPO.

In response to the question of "whether JD Technology will withdraw the IPO application", JD.com replied to the interface news reporter that it would not comment.

<h3>Zhang Yiming: Casually saying All-in is sometimes a kind of laziness</h3>

On March 30, at the 9th anniversary of ByteDance, founder Zhang Yiming delivered a speech entitled "Ordinary Mind Does Extraordinary Things", sharing his thoughts on "Ordinary Mind": how to treat oneself, the company's business, industry competition, success and failure with a normal heart.

Zhang Yiming defines the ordinary mind as, "Eat well when eating, and sleep well when sleeping." He said that whether it is an individual, a team or a company, they should pay attention to the present, not worry too much about the future, and not dwell on the past.

In addition, Zhang Yiming made a negative evaluation of the All-in idea. All-in is sometimes a form of laziness, he said, and if it's a clear strategic thinking, that's fine. But a lot of times, it's just "I don't want to think about it anymore, just do it, just gamble".

<h3>Taobao's large number of overseas version of the game console is removed</h3>

Recently, many netizens on social platforms have left messages, saying that they found that a large number of PS5, Xbox, and Switch overseas versions of the host were removed from the Taobao shelves.

On March 30, some of the game stores with large traffic have emptied their stores and removed all game-related products, and some stores have only a small number of game sales, and many stores cannot search for game console products such as Switch.

In addition to Taobao, the Bank of China version of the game console and the overseas version of the game console of e-commerce channels such as JD International and Amazon Overseas Purchase can still be purchased normally.

<h3>Lu Yuan, head of Baidu's strategy, was transferred, and Cai Xiang, head of investment, left his post</h3>

According to late Post, Steven Lu, vice president and assistant CEO of Baidu, was transferred from the group's strategic planning department and served as the head of the mobile ecological development center in the mobile ecological business group (MEG), reporting to Shen Ji, executive vice president of Baidu Group. Qi Fei became the head of the group's strategic planning department. Prior to joining Baidu, Qi Fei was the Managing Director of the Investment Banking Department of CICC, focusing mainly on the TMT industry and having extensive experience in strategy, business and capital operation.

In addition, the former head of investment, Scott Cai, has also left. Cai Xiang previously joined Baidu in August 2020 as vice president of Good Future and left in January 2021 for a term of less than half a year.

<h3>China's first batch of mobile phone Beidou testing and certification results</h3>

According to the China Academy of Information and Communications Technology, on March 31, the establishment of the mobile phone Beidou testing and certification system and the first batch of certification results were held in Beijing. At the meeting, the first batch of models that passed the Mobile Beidou testing certification were released and the certification certificate was issued, and the certified enterprises were OPPO, vivo, xiaomi and Apple, with a total of seven product models.