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big company:

Luckin Coffee's 20,000th store opens in Beijing's Zhongguancun

36Kr learned that on July 18, Luckin Coffee announced the official opening of its 20,000th store, the Beijing Zhongguancun Zaiwu flagship store. Public data shows that in June 2023, Luckin Coffee opened its 10,000th store in Xiamen, Fujian, just one year and one month ago.

China Cinda established an investment company in Zhuhai with a registered capital of RMB 2.965 billion

36Kr learned that Aiqicha App showed that recently, Zhuhai Yuexinchen Investment Co., Ltd. was established, with Qian Jiang as the legal representative, a registered capital of RMB 2.965 billion, and its business scope includes investment activities with its own funds. The equity penetration chart shows that the company is wholly owned by China Cinda Asset Management Co., Ltd.

Diamond demand continues to weaken, Anglo American considers further production cuts

Anglo American Plc, the parent company of De Beers, said on Thursday that it is seeking to cut more diamond production as the industry continues to struggle with weak demand and excess inventory. While the group currently maintains its production target for the De Beers division, Anglo American said it is considering how to further reduce production. Due to the continued downturn in the diamond market, the company is considering selling or spinning off its De Beers business. (Sina Finance)

Tencent's mobile game "Meta Dream Star" has an average daily DAU of 10 million

36Kr has learned exclusively that the DAU of "Meta Dream Star" once exceeded 50 million during the Spring Festival, surpassing "Egg Party", and then dropped below 10 million, and recovered to more than 12 million a few months ago. It is reported that the DAU of "Egg Party" can reach a peak of 30 million on weekends. According to industry insiders, the development cost of "Meta Dream Star" is about 800-1 billion yuan, and the team size is about 200-300 people, including members transferred from other business groups to support. Tencent did not respond to the above information.

Douyin: Will invest hundreds of millions of resources to subsidize high-quality short dramas

Douyin has launched a micro-drama business support plan, which will invest hundreds of millions of resources to subsidize high-quality content, support the production of micro-drama in terms of micro-drama marketing, mini-program operation, content creation, etc., and promote the high-quality development of the industry. (Sina Technology)

This year, a large number of Wahaha shares held by natural persons were auctioned

On the morning of July 18, a "letter to all employees of Wahaha Group" circulated on the Internet. It is understood that Wahaha's equity structure is relatively complex. In Wahaha Group Co., Ltd., Hangzhou Shangcheng Cultural, Commercial and Tourism Investment Holding Group Co., Ltd. holds 46% of the shares, Wahaha founder Zong Qinghou personally holds 29.4% of the shares, and Hangzhou Wahaha Group Co., Ltd. Grassroots Trade Union Joint Committee (Employee Stock Ownership Association) holds 24.6% of the shares. It was learned from the Alibaba auction platform that in 2024, the natural person shares of Zhejiang Wahaha Industrial Co., Ltd. appeared in nearly 50 auctions, ranging from 5,000 shares to 60,000 shares, and the prices ranged from more than 90,000 yuan to hundreds of thousands of yuan. Public information shows that the legal person of Zhejiang Wahaha Industrial Co., Ltd. is still Zong Qinghou, and Zong Fuli serves as a director. (Beijing Business Daily)

COOEC: Signed a $523 million gas field development EPC contract

36Kr learned that COOEC issued an announcement stating that on July 17, it signed a general contract for the development of the SHWE gas field phase 4 with South Korea's Posco International. As the general contractor, the company will undertake the general contracting work of design, procurement, offshore transportation installation and pre-commissioning, with a contract value of approximately US$523 million. This project is the second offshore engineering general contracting project undertaken by COOEC in the waters of Myanmar. The performance of this project marks that the company's general contracting capabilities in water depths exceeding 1,000 meters have been recognized and trusted by the owner.

Warner Bros. considers splitting digital streaming and studio divisions

According to the Financial Times, citing unnamed people familiar with the matter, Warner Bros. CEO David Zaslav is studying several strategic options, from selling assets to spinning off Warner Bros. movie studios and Max streaming services into a new company. Warner Bros. Discovery Channel declined to comment. (Sina Finance)

Investment and Financing:

Xiaomi, Wang Tianmiao, and Zhiyuan invest in embodied intelligent technology company "Xiaoyu Intelligent Manufacturing"

36Kr exclusively learned that previously, Xiaomi Group and robot master Wang Tianmiao invested in a furniture intelligent technology company "Xiaoyu Intelligent Manufacturing". The company was established in February 2023. After its establishment, it has successively completed a seed round of financing of 100 million yuan, funded by Xiaomi Group, robot master Wang Tianmiao, and Beijing Zhiyuan Research Institute. This is also the first company in the field of furniture intelligence that Xiaomi has invested in. Qiao Zhongliang, the founder of Xiaoyu Intelligent Manufacturing, is one of the founding members of Xiaomi. He was once the head of MIUI R&D and was responsible for products such as MIUI 9 to MIUI 12. He left Xiaomi in January 2023. Xiaoyu Intelligent Manufacturing mainly creates embodied intelligent robots with "one brain and multiple shapes".

Industrial parts B2B e-commerce platform "Ant Factory" received RMB 100 million in C++ round of financing

36Kr learned that Shenzhen Ant Factory Technology Co., Ltd. recently completed a C++ round of financing worth over 100 million yuan, invested by Beijing Information Industry Development Fund and Beijing Economic and Technological Development Zone Industrial Upgrading Equity Investment Fund. This round of funds will be used to build a flexible and agile advanced manufacturing R&D center, an industrial Internet and digital empowerment engineering technology center in Beijing, and to establish a demonstration-level flexible and agile advanced manufacturing base for industrial parts in the Beijing-Tianjin-Hebei region.

New product:

Micron MRDIMM memory released, will be shipped in batches in the second half of the year

36Kr learned that Micron Technology recently announced that it has sampled multiplexed dual in-line memory modules (MRDIMMs). According to reports, compared with RDIMMs, MRDIMMs can achieve a 39% increase in effective memory bandwidth, a more than 15% increase in bus efficiency, and a 40% reduction in latency. This new memory product is the first generation of Micron's MRDIMM series and will be compatible with Intel's Xeon 6 processors and will be shipped in batches in the second half of 2024.

Other news worth noting:

During the summer vacation, the country will issue more than 400 million yuan in cultural and tourism subsidies to boost consumption

The main event of the National Summer Culture and Tourism Consumption Season was held in Ordos, Inner Mongolia on July 17. 31 provinces (autonomous regions and municipalities) simultaneously carried out a series of summer cultural and tourism consumption promotion activities, and introduced consumer coupons, ticket discounts, consumption discounts, discount packages and other people-friendly measures. Local governments and supporting institutions will issue more than 400 million yuan in cultural and tourism consumption subsidies to benefit the people, so that high-quality cultural and tourism products can benefit more residents and tourists and better serve the people's needs for a better life in the summer. (CCTV News)

Olympic Village in Paris, France officially opens

On the 18th local time, after nearly three years of construction, the Olympic Village of the Paris Olympics was officially opened. It is expected to receive about 14,000 athletes and staff during the Olympics and about 9,000 athletes and staff during the Paralympics. The Olympic Village is located in the north of Paris, covers an area of ​​about 52 hectares, and has a total of about 80 buildings. (CCTV News)

The relevant national departments are approving the implementation of the 144-hour transit visa exemption policy for foreigners at the entry ports of Hefei and Huangshan in Anhui Province

On July 18, the Shanghai Municipal Public Security Bureau held a press conference and learned that the relevant national departments are approving the implementation of the 144-hour transit visa exemption policy for foreigners at the entry ports of Hefei and Huangshan in Anhui Province, and the Anhui Public Security Bureau is also advancing the relevant preparatory work in an orderly manner. By then, the 144-hour transit visa exemption policy for foreigners will be fully implemented at all entry ports in the Yangtze River Delta region. (Shanghai Securities News)

Japan-Lanzhou High-Speed ​​Railway is now fully operational

On July 18, the Rizhao-Lankao High-speed Railway Zhuangzhai to Lankao South Section (hereinafter referred to as the Rizhao-Lankao High-speed Railway Zhuanglan Section) was officially completed and opened to traffic, marking the full operation of the Rizhao-Lankao High-speed Railway. It not only allows Lankao to enter the "double high-speed rail era", but also provides a new connection option for Henan and Shandong provinces, and adds a new channel along the Yellow River to the sea for the provinces along the Yellow River. (CCTV News)

Italy's antitrust regulator launches investigation into Google for unfair business practices

Italy's antitrust regulator has launched an investigation into online search giant Google. The company and its parent company Alphabet are suspected of unfair business practices, the regulator said on Thursday. The request sent by Google to users to agree to link to its services "may constitute misleading and aggressive business practices," the regulator said in a statement, adding that the information it provided was "incomplete and misleading." (Sina Finance)