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[Dongfangzhenxuan: Well-known anchor Dong Yuhui resigned, Yu Minhong: I have arranged the money for Dong Yuhui to buy Youhui, the company gave it to him]Oriental Selection announced on the Hong Kong Stock Exchange that Dong Yuhui has decided to no longer serve as an employee of the company and senior management of a consolidated affiliated entity of the company. The departure is due to Dong Yuhui's career ambitions, his commitment to his other careers and his personal time arrangements, and will take effect on July 25, 2024. In addition to paying Dong Yuhui the promised benefits and compensation in full, Yu Minhong, chairman of the board of directors, has sought approval from the board of directors and the board's remuneration committee to distribute all remaining undistributed profits of Yihui Xingtong to Dong Yuhui. In addition, in accordance with the listing rules and the company's articles of association, Yu Minhong has made arrangements for the settlement price of Dong Yuhui's acquisition of Yihui Xingtong. In order to maintain the normal operation of Yihui Xingtong, the company will provide Yihui Xingtong with its self-developed information system free of charge.

Subsequently, Yu Minhong issued an "Open Letter to Shareholders of Dongfang Select" in response: In order to express my gratitude to Yuhui, in addition to paying all the promised benefits, I have asked the board of directors and the compensation committee and obtained their consent to award all the net profits of Yuhui Xingxing to Yuhui. Yu Minhong emphasized in the comment section of Douyin, "Yuhui holds the equity purchase funds required by Yuhui Xingxing, and I have also arranged to pay it in accordance with the rules of listed companies and the company's articles of association. This sentence means that I arranged the money for Yuhui to buy the company, and the company is a gift to Yuhui." (Beijing News)

[Baichuan Intelligent completes 5 billion yuan A round of financing]The large-scale model startup Baichuan Intelligence has recently completed its A round of financing, with a total financing amount of 5 billion yuan. Previously, Baichuan Intelligence had officially announced its A1 round of financing in October 2023, disclosing a list of technology giants including Alibaba, Tencent, Xiaomi and many top investment institutions. (Rui Beast AnalysisClick here to see more)

[Industry insiders said that Dongfang Zhenxuan and Yuhui Xingxing had already broken up]As soon as "Traveling with Hui" was established, its performance often surpassed that of Dongfang Zhenxuan. Along with the growth of performance, there was also pressure. Dong Yuhui repeatedly said in public that he was "under great pressure" and "very reluctant to sell goods." In early July, the reporter learned from an industry insider close to "Traveling with Hui" that "because of different factions in the company," Dongfang Zhenxuan and "Traveling with Hui" had "broken up" a long time ago, and the two teams have always been completely independent. (Every Jing)

[AlphaGo moment in mathematics: Google DeepMind AI solved IMO geometry problem in 19 seconds, just 1 point away from winning the gold medal]Google announced an important milestone in a long-term grand challenge: Google's hybrid artificial intelligence system won the equivalent of a silver medal in this year's International Mathematical Olympiad (IMO). Specifically, Google demonstrated the first artificial intelligence to solve an International Mathematical Olympiad problem at the silver medal level. It combines AlphaProof (a new breakthrough formal reasoning model) and AlphaGeometry 2 (an improved version of the previous system). (Sina Finance)

[Earning 3.5 billion but burning 8.5 billion? Reports say OpenAI may lose up to 5 billion dollars this year]As the developer of the artificial intelligence chatbot ChatGPT, OpenAI has reportedly become one of the fastest-growing startups in history. However, behind this extraordinary achievement may also be the challenge of soaring operating costs. According to undisclosed internal financial data and analysis by industry experts, OpenAI may face a huge loss of up to $5 billion this year. This is undoubtedly a severe test for the company, which is currently valued at $80 billion. It may need to raise more cash in the next 12 months. (NetEase)

[Xiaomi acquires an industrial land in Beijing Yizhuang New Town for RMB 842 million]According to the official website of Beijing Municipal Commission of Urban Planning and Natural Resources, the industrial project of Block 0106 in Block YZ00-0606 of Yizhuang New Town was sold for about 842 million yuan, and the winning bidder was Xiaomi Jingxi Technology Co., Ltd., a subsidiary of Xiaomi Communication Technology. The transfer document shows that the land is for industrial use, with a land area of ​​531,100 square meters and a controlled building scale of no more than 690,500 square meters. The starting price of the land was about 842 million yuan, and it was finally sold at the reserve price. (Cailianshe)

[Ford loses 300,000 yuan by selling an electric car]Ford's electric vehicle business sold 26,000 vehicles in the second quarter, with an average loss of $42,300 (about RMB 306,000) per electric vehicle. In the first half of the year, a total of 36,000 electric vehicles were sold, with an average loss of $69,400 (about RMB 503,000) per vehicle. Ford officials said that this was because the first generation of electric vehicles faced industry price pressure, and the wholesale price was relatively low. Sales were not outstanding, and there was no scale advantage to lower the average cost. It is expected that the pre-tax loss this year will be as high as $5.5 billion. (Eastmoney.com)

[Jifux issued a statement on the "over-fire" incident of vehicles in Hangzhou]On July 25, Polar Fox Auto released a statement on the vehicle "overfire" incident in Hangzhou. It pointed out that the company had cooperated with the fire department to put out the fire as soon as possible, and no casualties were caused at the scene. The fire department is investigating the specific cause of the fire. During the accident handling process, due to the improper handling behavior of the staff, it brought very bad feelings to the car owners and the majority of friends who care about Polar Fox. Polar Fox Auto hereby expresses its sincere apologies. (Interface)

[Huawei responds to Pura 70 price guarantee policy]Recently, Mr. Xiong, a consumer in Beijing, reported that he bought a Pura 70 Pro mobile phone with a unit price of 6,999 yuan at a Huawei authorized experience store (Xidan Huawei). The next day, he found that the online price had dropped by 800 yuan. He asked for a refund of the 800 yuan difference but was rejected. On the 24th, the staff of Huawei's consumer service hotline responded that there is indeed no price guarantee in offline channels at present, so the price difference (of this mobile phone) cannot be refunded. In order to express apologies, they can apply for a special exquisite gift for consumers. As for why the price guarantee cannot be enjoyed offline and why the price guarantee rules on different online platforms are different, the staff said that each platform has corresponding rules. (Sina Finance)

[He Xiaopeng responded to the new version of FSD and Robotaxi: end-to-end + large model will eventually reach L4]On the morning of July 25, He Xiaopeng, chairman of Xpeng Motors, responded to the new version of FSD and Robotaxi on Weibo. He Xiaopeng said that this year's FSD and the previous Tesla autonomous driving are completely different in terms of capabilities, and he highly appreciates it. He recently talked about end-to-end with several L4 bosses, and they all believed that end-to-end is the best route for L2 or L3, but it is definitely not the best choice for L4. He believes that end-to-end + large models will eventually lead to L4. (Interface)

[Audi adjusts the naming rules of its models, and many models may be renamed in the future]As its product lineup continues to grow, Audi has decided to adjust the naming of its vehicles. Recently, the new Audi A5 was unveiled overseas, but "this A5" is not "that A5", but is a renamed Audi A4. Starting this year, the numbers in the names of Audi models will become a symbol to distinguish between electric models and fuel models. From now on, even numbers will represent electric models, and odd numbers will represent fuel models. Therefore, according to the new model naming rules, the Audi A4 will be renamed Audi A5. By analogy, the Audi A6 and A8 models will also be renamed in future upgrades, with the A6 renamed A7 and the A8 renamed A9. (Daily Economic News)

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[Musk: Tesla's board of directors will discuss investing $5 billion in xAI]Musk said Tesla's board of directors will discuss whether the electric car maker should invest $5 billion in his artificial intelligence startup xAI. Earlier this week, Musk launched a poll asking X users whether they approve of the deal. After more than two-thirds of respondents voted in favor, Musk said on Thursday that it appeared that "the public is in favor" and the electric car maker will consider the matter. (Sina Finance)

【Honda announces closure of two factories in China】Honda Motor announced on the 25th that it will close a factory of its joint venture in Guangzhou in October, and another factory in Wuhan, Hubei Province will stop production in November. Honda Motor will reduce its annual production capacity of gasoline vehicles in China from 1.49 million to 1 million by closing factories and other measures. Honda's production cuts will set a record for the largest scale among Japanese automakers. In addition to the two factories in China mentioned above, Honda Motor plans to use two new electric vehicle factories under construction. Honda Motor aims to start production at these two new factories later this year, and it is expected to restore production capacity to 1.44 million vehicles. Honda Motor also emphasized that China, as the world's largest market, remains an important market for Japanese automakers such as Honda. (Yicai)

[AliExpress was fined nearly 1.98 billion won for leaking Korean user information]South Korea's personal information regulator fined Alibaba's AliExpress nearly 1.98 billion won (about 10.3 million yuan) on Thursday because the platform leaked their personal information to about 180,000 overseas sellers without notifying Korean users. The Korean Personal Information Protection Committee also asked AliExpress to implement overseas information transfer protection measures and simplify membership cancellation procedures. The committee also decided to deal with another data protection case involving Temu (Pinduoduo's overseas version) at its next plenary meeting. (Sina Finance)

[Gu Ming responded to the "suspected blood sputum in the milk tea": the staff wore masks throughout the process and no foreign objects entered]According to All-Weather Technology, recently, an Anhui woman said that she found red floating objects after drinking half of Gu Ming milk tea, which were suspected to be "bloody sputum" after being fished out. In response, Gu Ming said that the company immediately checked the surveillance videos of the relevant stores in Chizhou, Anhui, and carefully checked the preparation, mixing and serving of the beverage involved in the complaint. Upon inspection, all employees of the store wore masks throughout the operation and served the cups according to the mixing standards. There was no violation of regulations and no foreign objects entered. (Beijing News)

[Rumor has it that there are driverless cars on the road? Xiaomi has no official response yet]On July 25, there was news online that Xiaomi may enter the driverless car market and is recruiting driverless car safety officers with a starting monthly salary of 6,000 yuan. Xiaomi has not yet responded to this. Earlier, there was news that a staff member of Yipeixin Group was recruiting Xiaomi SU7 smart test drivers. This position is responsible for operating the test car and ensuring the safety of the vehicle and personnel during the test. The driving vehicle is Xiaomi SU7. In terms of salary, the position is 6,600 to 7,800 yuan before tax, and applicants are required to be under 40 years old. (Tencent)

[Tencent forces minors to automatically perform facial recognition once per second]Recently, Tencent Games announced the launch of the "2024 Summer Special Action for the Protection of Minors", which aims to upgrade facial recognition strategies in multiple ways to address the problem of children using adult accounts such as their parents to play games. Tencent said it will expand the scope of facial recognition patrols and increase facial recognition efforts for accounts suspected of being impersonated by minors. It will also launch the "Anti-Proxy Face Inspections", where when a suspected minor account triggers facial recognition, the system will directly remind the account to recharge and the specific amount, to prevent parents from unknowingly helping their children to recharge using facial accounts. In addition, Tencent has also launched a facial recognition "bomb lock" to raise the threshold for proxy use and avoid the situation of renting an account to help others. (Sina Finance)

[DingTalk Chief Product Officer Qi Junsheng resigns]It was learned from multiple insiders that Qi Junsheng, the chief product officer of DingTalk, has recently resigned. According to a person close to Qi Junsheng, Qi Junsheng's resignation was mainly due to personal family reasons. Before joining DingTalk, Qi Junsheng served as the main person in charge of Taobao products, general manager of the merchant business department, general manager of the industry, and other positions for many years. He has rich experience in platform products and commercial products. During his tenure at DingTalk, Qi Junsheng was mainly responsible for DingTalk's product strategy and development direction. His product philosophy is that products should insist on creating "deep value", that is, deepening functions in their respective vertical fields to help customers solve problems fundamentally. (Interface)

[Douyin e-commerce denies that GMV in the first half of the year did not meet expectations]On July 25, it was reported that Douyin e-commerce's payment-based GMV (gross merchandise volume) in the first half of the year totaled about 1.4 trillion yuan, lower than the target of 1.5 trillion yuan, and did not meet Douyin's expectations at the beginning of the year. In response, the relevant person in charge of Douyin e-commerce responded to reporters that the news was untrue. According to people familiar with the matter, the above data does not match the actual data, and the statement that it did not meet the expectations at the beginning of the year is also inconsistent with the actual situation. (China Securities Journal)

[Microsoft has no plans to restrict Crowdstrike from entering Windows]According to people familiar with the matter, there is no sign that Microsoft plans to restrict Crowdstrike from entering the Windows operating system after a global IT outage last Friday. (NetEase)

[Cainiao increases investment in driverless cars: obtains road rights in many places across the country, and has received many orders]Recently, there have been media reports that L4-level driverless cars are being applied more rapidly in the logistics field, and Cainiao driverless cars are also being used on a large scale on open roads. On July 25, a Cainiao insider confirmed that the driverless cars developed by Cainiao have received a batch of orders and have been put into operation, delivering packages from express delivery outlets to Cainiao stations every day. Usually for a distance of about ten kilometers, driverless car transportation can improve transportation efficiency and reduce the operating costs of express delivery outlets. "We have recently been in contact with more than 90 districts and counties to obtain local driverless car road rights, and many cities have also obtained road rights." The person revealed that Cainiao driverless cars have received many orders, and new models are about to be released, and some old customers have also placed orders in advance. (Cailianshe)

[KKR acquires educational software platform Instructure for $4.8 billion]U.S. private equity giant KKR Group said on Thursday it would acquire educational software platform Infrastructure Holdings for $4.8 billion. The acquisition signals a possible recovery in private equity activity after a period of silence as rising interest rates have hampered debt financing for leveraged buyouts. Before KKR's acquisition of Infrastructure, Bain Capital announced that it would acquire PowerSchool Holdings for $5.6 billion.Rui Beast AnalysisClick here to see more)

[Linke Technology completes 30 million yuan angel round financing]Zhejiang Linke Information Technology Co., Ltd. announced that it has successfully completed an angel round of financing of 30 million yuan. This round of financing was led by Fuxing Capital, and the funds will be mainly used for the technical upgrade of the company's automotive aftermarket service platform and the development of new products, as well as the expansion of the market scale. It is understood that Linke Technology plans to further increase its investment in artificial intelligence and big data technologies. (Rui Beast AnalysisClick here to see more)

[US warehouse robot startup Mytra completes $50 million Series B financing]Mytra, a US warehouse robot startup, announced the completion of a $50 million (about RMB 360 million) Series B financing, which will be used to expand its team and develop its technology to meet growing customer demand. It is reported that the company's founder and CEO Chris Walti was in charge of Tesla's warehouse logistics and the development and manufacturing of mobile robots for a long time. The pallet robot built by the company can move freely in any direction within a 3D frame structure. (Rui Beast AnalysisClick here to see more)

【Qingyan accurately completed the B round of financing of tens of millions of yuan】Qingyan Precision recently completed a B round of financing of tens of millions of RMB, with Great Wall Capital as the investor. Qingyan Precision is a full life cycle testing platform for smart electric vehicles, mainly providing software and hardware testing solutions for the three links of "R&D", "production" and "after-sales" of smart electric vehicles, including test platforms, testing equipment, testing services, data services, evaluation systems, etc. The funds raised in this round will be used for technology research and development, market expansion and team building. (Rui Beast AnalysisClick here to see more)

[Kangfude Pharmaceutical completes 120 million yuan A round of financing]Kangfude Pharmaceuticals has completed a RMB 120 million Series A financing round, with the investor being Shanghai Desano Pharmaceuticals Group Co., Ltd. Kangfude Pharmaceuticals was established in 2022 and mainly produces taxanes and other highly active and highly toxic anti-tumor APIs. Its representative products include paclitaxel, docetaxel, cabazitaxel, eribulin, etc. Kangfude Pharmaceuticals has gone through multiple rounds of financing since its establishment, of which the amount of angel round financing has not been disclosed, and the investor is a well-known institution. (Rui Beast AnalysisClick here to see more)

[Night Edition Mercedes-Benz GLE 300 d 4Matic SUV unveiled]Mercedes-Benz has launched a new Night Edition for the GLE product line. The new model is based on the 300 d 4Matic, with a full set of black elements including the shoulder line, window line, side mirror housing and 22-inch black AMG wheels. Mercedes also mentioned the AMG Line kit that complements the Night Edition kit, as well as the illuminated sports car panel with Dubber studs. In terms of power, the Night Edition GLE uses the same engine as the GLE 300 d, a 2.0-liter turbocharged diesel engine, matched with a 9G-Tronic automatic transmission and all-wheel drive system. (IT Home)

[Aian’s first global strategic model is launched]Recently, the first global strategic model, the second-generation AION V, was launched globally. The new car is positioned as a new hard-core smart driving SUV, with a total of 7 configuration versions with three ranges of 520km, 650km, and 750km, and a price range of 129,800 to 189,800 yuan. Among them, the 650 laser radar version is priced at 189,800 yuan, equipped with a new generation of solid-state variable-focus laser radar, 5 millimeter-wave radars, and 11 high-definition cameras. It is the only SUV with laser radar under 200,000 yuan in the industry. (Daily Economic News)

[The six major banks officially announced a reduction in deposit interest rates, and the 5-year deposit interest rate has broken 2%]The state-owned banks have launched a new round of deposit rate cuts. The six major state-owned banks, ICBC, ABC, BOC, CCB, BOC, and PSBC, collectively announced a reduction in deposit rates. Overall, the two-year, three-year, and five-year RMB time deposit rates are 1.45%, 1.75%, and 1.8% (previously 1.65%, 1.95%, and 2.00%, respectively). The five-year deposit rate has broken 2% across the board. Based on a five-year deposit of 1 million yuan, compared to December 2023, the interest will be reduced by 10,000 yuan after one year. (Interface)

[Two departments: Raise the subsidy standard for scrapped and updated vehicles]The National Development and Reform Commission and the Ministry of Finance issued the "Several Measures on Further Supporting Large-Scale Equipment Renewal and Consumer Goods Trade-in". It proposes that individual consumers who scrap fuel passenger cars with national emission standards of III or below or new energy passenger cars registered before April 30, 2018 (inclusive), and purchase new energy passenger cars included in the "Catalogue of New Energy Vehicle Models for Vehicle Purchase Tax Reduction and Exemption" or fuel passenger cars with a displacement of 2.0 liters or less, will receive a subsidy of 20,000 yuan for the purchase of new energy passenger cars and 15,000 yuan for the purchase of fuel passenger cars with a displacement of 2.0 liters or less. (China News Network)

["2024 summer box office exceeds 6.5 billion"]According to the real-time data of Lighthouse Professional Edition, as of 18:15 today (25th), the total box office (including pre-sales) of the 2024 summer season (June-August) has exceeded 6.5 billion. "Catch the Doll", "Silent Killer" and "A Small Shop at the Edge of the Cloud" are temporarily ranked in the top three of the box office list. (Interface)