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[Lei Jun responded to opening the door for the car owner and was accused of "being good at generating traffic"]On July 17, Lei Jun, founder, chairman and CEO of Xiaomi, posted a video on Weibo to answer questions from netizens. In the video, Lei Jun responded to the accusation that opening the car door for the car owner would increase traffic, saying that he simply wanted to thank the car owner. Lei Jun said in the video, "Recently, I have become the subject of research by many people, saying that I can increase traffic and that I am very powerful. In fact, this makes me a little dizzy. For example, I opened the door for the car owner some time ago. This matter is actually quite simple. I just simply wanted to thank our car owner. I really didn't expect it to become 'the CEO of hundreds of billions opened the door for me'. This matter is very popular on the Internet." In addition, Lei Jun also said that he is a bit socially anxious and was actually called a "conspicuous bag". He said that he was also puzzled and gave an analysis: "I guess, someone who likes to toss around like me will inevitably be a little conspicuous." (Daily Economic News)
[PwC will lay off half of its financial audit staff in China? Response: Adjustment is a difficult decision]On July 17, media reported that PwC was considering cutting up to half of its financial services audit staff in China. In addition, PwC was also considering cutting about 20% of its employees in other audit teams and non-audit business lines. In response, PwC's public relations team told reporters: "Due to changes in external objective conditions, we have optimized our organizational structure in accordance with market demand. We have always valued talent and have invested heavily in talent training for many years. This adjustment is a difficult decision. We are gradually communicating with our employees and ensuring that the adjustment plan complies with relevant provisions of China's labor law." (Cailian News Agency)
[I took an online taxi in Shanghai for 8 kilometers, but the order showed that the trip went to Suzhou and the fare was more than 200 yuan? Didi’s response]Recently, a netizen posted on a social platform that an order he received on the Didi taxi platform was very strange. He only took a taxi for more than 8 kilometers in Shanghai, but "traveled" to Suzhou, and the fee was 229.66 yuan. The platform replied that the online taxi driver used a cheating device and had banned him. On July 17, the reporter learned that Didi was handling the matter. (The Paper)

[A is about to completely withdraw from the "price war", and many brands such as Volkswagen, Toyota, Honda, and Volvo will follow suit]BMW China has withdrawn from the price war and will reduce sales volume to stabilize prices and ease the operating pressure of its stores from July. According to terminal market news, traditional luxury brands including Mercedes-Benz and Audi have also followed suit and ended the "price reduction to maintain market share" strategy. According to reports, Volkswagen, Toyota, Honda, Volvo and other brands have decided to adjust their terminal policies from July, reduce terminal discounts, or stop further price cuts. (Cailian News)
[Toutiao responds to the theft of the account of "Filmmaker Lu Chuan"]Toutiao Security Center said in a statement that recently, the platform has noticed that some users have reported that their Toutiao accounts have been stolen and that the content was not posted by them. After checking the backend log, it was confirmed that the content posted by the user "Moviemaker Lu Chuan" at 11:13 on July 16, 2024 has been deleted by the user himself, and the information of the mobile device used to log in, post, and delete the content is consistent. (Jiemian News)

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[9/11 is greater than 9/9? The Dark Side of the Moon responds]On July 17, "Big models can't tell which is bigger, 9.11 or 9.9" became a hot search on Weibo. A media reporter tested 12 mainstream big models at home and abroad, among which ChatGPT-4o, Byte Bean Bag, Dark Side of the Moon Kimi, Zhipu Qingyan, Zero One All Things Knowing, Step Star Leap Question, Baichuan Intelligent 100 Small Responses, and SenseTime Shangliang all gave the wrong answer, believing that 9.11 is greater than 9.9. In response, Dark Side of the Moon said: "In fact, our human exploration of the capabilities of big models - whether it is what big models can do or what big models cannot do - is still in a very early stage. We very much look forward to users discovering and reporting more corner cases during use, whether it is the recent 'which is bigger, 9.9 or 9.11, 13.8 or 13.11', or the previous 'how many r's does strawberry have'. The discovery of these corner cases will help us increase our understanding of the boundaries of big model capabilities." (Jiemian News)
[The North Face parent company sold the trendy brand Supreme for US$1.5 billion, and the buyer was Essilor's parent company]On July 17, VF Group, the parent company of Vans and The North Face, announced that it would sell the American fashion brand Supreme to the eyewear manufacturer EssilorLuxottica Group for US$1.5 billion. VF Group previously acquired Supreme for US$2.1 billion in 2020. EssilorLuxottica Group expects to complete the acquisition by the end of 2024. (Sina Finance)
[Starbucks Vice President Li Tao joined Bawang Cha Ji? Bawang Cha Ji responded: Not true]On July 17, there was news that Starbucks Vice President Li Tao had resigned and has now joined Bawang Cha Ji. In response, Bawang Cha Ji said: "It is not true. There is no such thing." (Jimu News)
[MeiOne insiders deny that Li Jiaqi sells fake Hetian jade]Li Jiaqi was accused of selling fake Hetian jade, and Mei One denied the incident. On the morning of July 17, Wang Hai, a counterfeiter, posted on Weibo that Li Jiaqi used fake appraisal certificates to deceive consumers during live broadcasts. After reporting the behavior, he received a reply from the Shenzhen Municipal Market Supervision Administration on July 15, 2024: "The investigation has been concluded, and the company that issued the fake appraisal certificate has been ordered to rectify and fined 100,000 yuan, confiscate illegal income of 1,000 yuan, and fine the relevant responsible person 30,000 yuan." (Dongfang Fortune Network)

[Dissatisfied with California's new law, Musk will move X and SpaceX headquarters to Texas]Elon Musk said that the headquarters of X and SpaceX will move to Texas, citing dissatisfaction with the laws in California, where the two companies are currently located. Musk announced the news on his X account on Tuesday. He cited a new California law that makes the state the first state in the United States to prohibit school districts from requiring teachers to inform parents of changes in students' sexual orientation and gender identity. Earlier this year, Musk moved the company's registered address from Delaware to Texas. Musk also changed the registered address of several of his companies because he was dissatisfied with the judge's ruling that his compensation plan as Tesla CEO was invalid. (Sina Finance)
[Many Philips ventilators have been recalled at the highest level in the United States, causing 7 deaths, and two models are available in China]The U.S. Food and Drug Administration (FDA) recently announced that it would recall several Philips ventilator products at the highest level. The recalled products are mainly used to treat obstructive sleep apnea syndrome. Due to the failure of the ventilator fault alarm device, treatment interruption or failure may occur, and it may also cause inadequate ventilation, hypoxemia, hypercapnia, respiratory failure or death in vulnerable patients. The reporter checked the database of the official website of the State Food and Drug Administration and learned that two of the recalled products have entered the domestic market. (Beijing News)
[Nvidia and other giants were exposed for illegally using YouTube data to train models]On July 17, according to media reports, some large technology companies including Apple, Nvidia, Salesforce and Anthrophic were exposed to have used unauthorized data from YouTube, a video site owned by Google, when training AI models. These companies used a data set provided by a third party, which contained a large amount of video subtitle texts grabbed from YouTube, violating YouTube's regulations prohibiting the unauthorized grabbing of content from the platform. The report pointed out that these technology companies all used a data set called "YouTube Subtitles" when training AI models. The data set is 5.7GB in size, contains 489 million words, and comes from 173,500 videos in more than 48,000 channels on Youtube. (Cailian News Agency)
[Hesai obtains exclusive designation of the main laser radar for Baidu's new generation autonomous driving platform]On July 17, Hesai Technology said that the main laser radar on the sixth-generation Baidu Apollo unmanned vehicle Yichi 06 is exclusively supplied by Hesai. Each vehicle is equipped with four ultra-high-definition long-range laser radars AT128, with a detection distance of more than 200 meters. This is the first time in China that ADAS semi-solid laser radar solutions have been deployed on Robotaxi on a large scale. According to industry analysts, an RT6 equipped with four Hesai AT128 laser radars is estimated to be worth about 20,000 yuan. (Eastmoney.com)
[Avita denies rumors of abandoning direct sales model]On July 17, in response to the online rumor that "Avita will abandon the direct sales model", Avita officials said: This is false information, and Avita has not given up the direct sales model. Avita said that Avita is promoting a dual-line layout of direct stores and dealer franchises to give full play to their respective advantages. The reporter called Avita's Sanlitun direct store in Beijing, and the operator said that the direct store is currently operating normally and there is no plan to close down. (Beijing News)
[Report: About half of Amazon warehouse workers were injured during Prime Day peak]A recent report released by the U.S. Senate shows that insufficient manpower and "focusing on speed over safety" have caused Amazon's accident rate to be much higher than the industry average. Especially during the Prime Day promotion, about half of the warehouse workers were injured. (Sina Finance)
[Tongyi Qianwen Zhou Chang will leave to start his own business]It is reported that Dr. Zhou Chang, a core member of the Ali Tongyi model team, plans to leave the company to start his own business. According to an insider, Zhou Chang is one of the core technical backbones of the Tongyi Lab algorithm team and his resignation is normal. The research and development and open source work of the Tongyi model is continuing to move forward. Currently, the head of Ali Tongyi Lab is Zhou Jingren. (Jiemian News)
[Meituan Waimai responded to the announcement that it will launch a "savings version" of low-priced products: Untrue]On July 17, there was news that following the "Pinhao Fan" product, Meituan Waimai launched a low-priced product "Saving Edition", and it has been tested in many cities across the country. In response, Meituan Waimai customer service staff responded to reporters that the news was untrue and there was no such thing as a "Saving Edition". If it was an internal test, it would be sent point-to-point to individual customers and would not be tested in multiple cities. (China Securities Taurus)
[OpenAI revenue breakdown: 84% comes from nearly 10 million ChatGPT paying users, API accounts for only 15%]Recently, FutureSearch, an artificial intelligence research organization, released a report that broke down the revenue structure of OpenAI, a global AI unicorn, and provided a clearer revenue structure. It collected all of OpenAI's documented financial information and concluded through professional calculations that OpenAI has approximately 9.88 million paying users per month and annual recurring revenue of $3.4 billion. Of this, 84% of the revenue comes from ChatGPT paying users (ChatGPT Plus, ChatGPT Enterprise, and ChatGPT Team subscriptions), while the revenue from API interfaces for developers accounts for only about 15%. (Daily Economic News)
[Will iPhone back cover orders be transferred? Industry chain insiders: Bern Optical and Lens Technology are the main suppliers]Recently, there was news that "a certain foundry giant will not make iPhone back covers from next year, and the orders will be transferred to the leading domestic OEM factories". In this regard, on July 17, it was learned from industry chain sources that the glass back cover of the iPhone is mainly made by Bern Optics and Lens Technology. Foxconn is not engaged in this business yet, and other companies have tried to get involved in this business. On July 16, an industry insider told reporters that Foxconn is not involved in the iPhone glass back cover business, but it has the iPhone metal frame business. As of press time on July 17, Foxconn has not responded. (China Securities Taurus)
[BBK completes important steps in restructuring, 2.195 billion yuan in financing has been in place]BBK (002251.SZ) issued an announcement on the evening of July 17, saying that the company's reorganization process has completed an important step. On October 26 last year, BBK officially announced that it had entered the reorganization process. In late April this year, BBK signed a "Reorganization Investment Agreement" with 17 investors. In early May, the relevant plans of the "Reorganization Plan (Draft)" were disclosed one after another, and finally passed by the investor group meeting and the creditors meeting. On June 30, the reorganization plan of BBK's listed entity and its 14 subsidiaries was approved by the Xiangtan Intermediate People's Court, and the reorganization entered the implementation stage. With this announcement, BBK's reorganization has once again completed an important step, and the financing funds of 2.195 billion yuan paid by industrial investors and financial investors have been in place. (Yicai Global)

Software developer GitLab is reportedly considering a saleOn July 17, people familiar with the matter said that GitLab, a software developer with a market value of about $8 billion, is considering a sale. The company's investors include Google's parent company Alphabet.

[Bitcoin miner Cipher reportedly planning to sell]Bitcoin mining company Cipher Mining Inc. is exploring a possible sale after receiving takeover interest, people familiar with the matter said. Bitcoin miners have become acquisition targets as demand for data centers soars. U.S.-based Cipher is working with advisers to try to gauge interest from potential buyers, the people said. The discussions are at an early stage and there is no certainty that Cipher will decide to sell, the people said.

[Xiaocaiyuan went public in Hong Kong for the second time and has opened 623 directly-operated stores]Xiao Cai Yuan International Holdings Limited (hereinafter referred to as "Xiao Cai Yuan"), a chain catering company, updated its prospectus on July 16, preparing to be listed on the Hong Kong Stock Exchange. The trend of catering companies going public in Hong Kong has not diminished. Jiu Mao Jiu had already been listed on the Hong Kong Stock Exchange before. Green Tea Restaurant has submitted its prospectus and is preparing to go public in Hong Kong. Recently, Lao Niangjiu Catering and Lao Xiangji have failed in their A-share IPOs and may switch to Hong Kong stock listings in the future.
[SK Group’s two major energy subsidiaries decided to merge, with an asset size of 560 billion]SK Innovation, the intermediate holding company of the energy sector of South Korea's SK Group, and SK E&S, a renewable energy company, each held a board meeting on the 17th and voted to approve the merger of the two companies. It is reported that the merger ratio of SK Innovation and SK E&S is about 1:1.2. If the merger goes smoothly, a super-large energy company with an asset scale of 106 trillion won (about 560 billion yuan) and annual sales of 90 trillion won will be born.
[Yaosu Technology completes RMB 100 million angel round + round financing]Xellar Biosystems, a company focusing on biotech innovation, recently announced the completion of a RMB 100 million angel+ round of financing. TriApex led the investment, followed by Zhengxuan Investment and Tiantu Capital, and old shareholders Legend Capital and Yayi Capital continued to increase their capital. The funds will be used to promote the research and development of AI+organ-on-a-chip technology platforms and realize in-depth applications in new drug research and development.
【Jiaxuan Intelligent completes financing of hundreds of millions of RMB】Jiaxuan Intelligent recently announced that it has completed a financing of several hundred million yuan, with Woyan Capital and Newell Capital jointly leading the investment, and Zishi Capital and State Power Investment Corporation participating in the joint investment. The company is an enterprise dedicated to the innovation of permanent magnet drive equipment. This round of financing will be mainly used for new product research and development and capacity expansion.
[Tianfu Xiaoyao Technology completes angel round financing of tens of millions of RMB]Chengdu Tianfu Xiaoyao Technology announced the completion of its angel round of financing, with the financing amount reaching tens of millions of RMB. This round of financing was jointly supported by Zhongnan Venture Capital Fund, Chengdu Tianfu Science and Technology Venture Capital, Shenzhen Hi-Tech Investment and Huaxincheng.
[Intersect Power receives $837 million in project investment]Intersect Power, a developer of large-scale renewable energy projects, announced on July 17 the completion of two separate transactions totaling $837 million in financing commitments for the construction and operation of three independent battery energy storage systems (BESS) in Texas.

[Xiaomi's new folding screen appearance is released, Lei Jun: No longer a beautiful little waste]Xiaomi posted a poster of the appearance of the MIX Flip foldable screen mobile phone on its official Weibo account. Xiaomi introduced that the phone is equipped with the third-generation Snapdragon 8 mobile platform, Leica Optics Summilux large aperture lens, and 4780mAh Xiaomi Jinshajiang battery. Lei Jun also posted on Weibo, "Beautiful little cutie? Or, beautiful little magic machine?" and said in the accompanying picture that Xiaomi MIX Flip is no longer a beautiful little waste. "Previously, Xiaomi Technology Co., Ltd. applied for several "Xiaomi Flip", "Xiaomi MIX Flip" and "MIX FLIP" trademarks. The new phone will be released at Lei Jun's 2024 annual speech on July 19. (Sina Finance)

[Ferrari CEO: The first pure electric model will be unveiled at the end of next year and will not use lithium iron phosphate batteries]Ferrari's first all-electric model has completed thousands of kilometers of road testing, and the company's CEO Benedetto Vigna promised that the car will be built in the "right way" to ensure that owners can "have great fun." Ferrari has not yet revealed the specific details of its first all-electric model, but Vigna confirmed that the car will be unveiled at the end of next year and will go on sale in 2026. In terms of batteries, Vigna said Ferrari will purchase battery packs from multiple suppliers, but made it clear that lithium iron phosphate batteries will not be used. (Tonghuashun Finance)

[Google Pixel 9 series camera specifications exposed, will support 8K video recording]According to a blog post published by technology media Android Authority, the camera specifications of the four models of the Google Pixel 9 series have been exposed, and one of the highlights is support for 8K video recording. The Google Pixel 8 series phones are equipped with a Tensor G3 processor, which supports recording 8K videos at 30 frames per second, and Samsung's GNK sensor also supports this resolution in hardware, but Google has not yet enabled this feature. The camera app update pre-installed in the Pixel 9 series will support 8K video recording, but it is currently unclear which models support this feature. (IT Home)

[Volkswagen Anhui's first pure electric model for the Chinese market is officially launched]On the evening of July 17, Volkswagen Anhui's first pure electric model for the Chinese market, ID., was officially launched. The model is priced from 209,900 yuan and has a maximum range of 621 kilometers. According to Yang Fang, CEO of Volkswagen (Anhui) Digital Sales Service Co., Ltd., Volkswagen Anhui will provide multi-scenario charging solutions in terms of charging and energy replenishment. Volkswagen (Anhui) Co., Ltd. is a joint venture between Volkswagen Group and Anhui Jianghuai Automobile Group Co., Ltd. It is the first joint venture of Volkswagen Group in China that focuses on new energy vehicles. (Xinhua News Agency)

[The movie "Catching Dolls" entered the top ten of the 2024 mainland movie box office list]According to Maoyan Professional Edition data, as of 12:00 on July 17, the total box office (including pre-sales) of the movie "Catching Dolls" exceeded 693 million, ranking among the top ten mainland movie box office charts in 2024. (Financial Times)

[Australian Chamber of Automotive Industries: As of June this year, 80% of electric vehicles sold in Australia are produced in China]Recently, Australian media reported that since the beginning of this year, sales of new pure electric vehicles in Australia have increased by 16.5%. Among the more than 30 electric vehicle brands currently sold in Australia, several BYD models are very popular. In January this year, BYD electric vehicles' monthly sales in Australia exceeded Tesla's for the first time, reaching 1,310 vehicles, while Tesla's sales were 1,107 vehicles. More and more Chinese electric vehicle brands are available, making Australia's electric vehicle market more competitive, forcing Tesla to cut the price of its most popular Model Y model three times in a row since April. According to the Australian Chamber of Automotive Industries, as of June 2024, more than 80% of electric vehicles sold in the Australian market will be produced in China. (Global Network)
[The scale of my country's artificial intelligence industry exceeds 500 billion yuan]As the primary productive force driving economic and social development, the improvement of science and technology is closely related to the process of high-quality development. Since the beginning of this year, my country has frequently produced a series of artificial intelligence achievements. The computing power level, which ranks second in the world, has supported an industry scale of more than 500 billion yuan. In the past decade, nearly half of the "heavy scientific equipment" planned and constructed in my country have turned from blueprints into reality, and some of these facilities have entered the world's top echelon. (Eastmoney.com)