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Apple falls out of top five in China's smartphone market

With the end of the second quarter of 2024, China's smartphone market has once again ushered in a new pattern.

The latest data from research institutions IDC and Canalys show that domestic leading mobile phone brands have surpassed Apple in terms of shipments this quarter, taking the top five spots. Vivo ranks first this time, while Apple falls to sixth, with a market share of around 13% and 14%.

In recent quarters, with the return of Huawei and fierce competition in the Android camp, the rankings in the Chinese mobile phone market have been changing. However, the market share gap between the first-tier manufacturers is basically within the range of 5 percentage points, which means that even a 1% market share is a brutal battle.

Talking about the decline in Apple's market share, IDC China Research Manager Guo Tianxiang said: "Apple's market share is 13.6%. The competitive pressure from Android competitors such as Huawei continues to increase, and Apple itself is also adjusting its channels, so its shipments have been declining." (Source: 21st Century Business Herald)

Elon Musk's X admits that a safety incident occurred, causing "private likes" to be visible to the public

On July 26, Musk's social platform X (formerly Twitter) announced last month that it would change the "likes" to be visible only to the person himself, but a recent security incident has caused others to still be able to see these "private likes".

X admitted in an email to 9to5Mac that the security incident occurred in June 2024, shortly after the “Private Likes” revision, which meant that others could still view user likes in some way.

"The X team has received information that some likes may still be publicly visible," X officials said in an email. "We are contacting you because your X account may have been affected by this security incident."

X officials said that previously anyone could see all posts liked/loved by public accounts, and they set likes to private because it "encouraged wrong behavior" among some users, and they have taken measures to ensure that likes remain private. (Source: IT Home)

"AI Analyst" landed on Wall Street, JPMorgan Chase began to promote chatbots internally

On July 26, according to the Financial Times, JPMorgan Chase began to launch a generative AI product within the company and told employees that this "own version of ChatGPT" can complete the work of research analysts.

The report cited an internal memo from JPMorgan Chase saying that the company has provided a large language model platform called LLM Suite to employees in its asset and wealth management division. Executives told employees that LLM Suite can help them write, generate ideas and summarize documents by accessing third-party models.

LLM Suite is described as a "ChatGPT-like product" for the field of "general productivity." People familiar with the matter said that JPMorgan Chase began rolling out LLM Suite to some bank employees earlier this year. Currently, about 50,000 employees (about 15% of the total number of employees) have access to the platform, but the company did not disclose how many research analysts it hired. (Source: IT Home)

Lei Jun: Xiaomi SU7 has been on the market for more than 3 months and has delivered more than 30,000 units

Recently, Lei Jun, chairman of Xiaomi Group, said on Weibo that Xiaomi SU7 has been on the market for more than three months and has delivered more than 30,000 units, breaking the industry record. It is expected that the delivery in July will exceed 10,000 units. At present, the production capacity has been increased, and the annual delivery target of 100,000 units is expected to be completed in November. (Source: 36Kr)

CATL achieved a net profit of approximately RMB 22.865 billion in the first half of the year, a year-on-year increase of 10.37%

On the evening of July 26, CATL disclosed its 2024 semi-annual report, which showed that in the first half of 2024, the company achieved operating income of approximately 166.767 billion yuan, a year-on-year decrease of 11.88%; the corresponding attributable net profit was approximately 22.865 billion yuan, a year-on-year increase of 10.37%.

According to data, CATL is mainly engaged in the research and development, production and sales of power batteries, energy storage batteries and battery recycling products. (Source: Beijing Business Daily)

Taobao optimizes refund-only policy, improving merchants’ after-sales autonomy based on store experience points

On July 26, Taobao announced that it would optimize the "refund only" strategy, enhance merchants' after-sales autonomy based on the new experience score, and reduce or cancel after-sales intervention for high-quality stores. The relevant strategy will be officially implemented on August 9. According to reports, after the strategy goes online, for merchants with a comprehensive experience score of ≥4.8 points, the platform will not actively intervene through Wangwang and support refunds only after receiving the goods, but will encourage merchants to negotiate with consumers first. For merchants in other segments, the platform will grant different degrees of autonomy based on the experience score and the nature of the industry. The higher the experience score, the greater the merchant's disposal rights. (Source: 36Kr)

Xianyu PC web version officially returns, with search, detail view, chat and other functions now available

On July 26, Xianyu announced through its official WeChat account that the Xianyu PC web version (https://2.taobao.com) has officially returned. Officials said that Xianyu had previously launched a web version platform, but it was temporarily offline "due to various reasons."

It is reported that some functions of the Xianyu web version are now open. By logging into your Xianyu account, you can check and search for products, view details, chat, etc., while functions such as forward and reverse transactions, community interaction, account settings, and same-city transactions are still being improved or developed.

In June this year, Taobao website administrator "Kongwu" announced that the preferential information of Taobao PC version will be connected with the mobile version to support the simultaneous display of the best price; at the same time, the PC version also supports the Taobao live broadcast function. For details, please see IT Home's previous report. (Source: IT Home)

WeRide submits IPO application to the U.S. Securities and Exchange Commission

On July 27, Chinese self-driving technology startup WeRide submitted IPO documents to the U.S. Securities and Exchange Commission (SEC), seeking to trade its ADS (American Depositary Shares) on Nasdaq under the ticker "WRD". The IPO was led by Morgan Stanley, JPMorgan Chase, and CICC.

The news of WeRide's IPO in the United States was first reported in March last year. According to people familiar with the matter, WeRide has secretly applied for an IPO in the United States, seeking to raise up to US$500 million, which may be carried out as early as the first half of the same year. However, people familiar with the matter also said at the time that discussions on the IPO were still ongoing, and details including the scale and timing of the financing might change.

On August 25 last year, WeRide's IPO plan in the United States was registered with the International Cooperation Department of the China Securities Regulatory Commission. According to the plan, it will issue about 159 million shares on the New York Stock Exchange or Nasdaq. According to the rules, the China Securities Regulatory Commission's overseas listing registration period is 12 months from the issuance of the registration notice, which means that WeRide must complete the listing before August 25 this year. (Source: IT Home)

Zhipu AI launches AI-generated video model Qingying, which can generate a 6-second video in just 30 seconds

On July 26, Unicorn Zhipu AI launched the AI ​​video generation function "Qingying".

"Qingying" supports 6s of video/image video with a resolution of 1440x960. Unlike other companies, Zhipu AI directly launched a paid version this time - paying 5 yuan to unlock 24 hours of high-speed rights and interests for one day, and paying 199 yuan to unlock a year of paid high-speed rights and interests.

Of course, everyone can still use it for free, without queuing and with no limit on the number of times.

A year of paid high-speed AI video generation is only 199 yuan, which is almost the same as the annual membership fee of many Internet products. AI video generation seems to be getting closer and closer to ordinary users. (Source: Geek Park)

Porsche unveils new all-electric Cayenne prototype

On July 26, German luxury car manufacturer Porsche announced that its next-generation Cayenne SUV will launch a pure electric model, and the first batch of pure electric Cayenne prototypes have been unveiled. Porsche CEO Oliver Blume said at a press conference that the pure electric Cayenne will redefine the new standard of the electric SUV market segment.

Porsche said that the fourth-generation Cayenne will adopt a new 800V PPE platform, which will integrate the latest high-voltage system, powertrain and chassis technology. The company will use the potential of electrification to comprehensively enhance the performance and user experience of the Cayenne.

From the appearance, the pure electric Cayenne is expected to retain most of the design elements of the existing model, but the rear window is covered by specially designed camouflage stickers to maintain its mystery until its official release.

Porsche has high hopes for the performance of the all-electric Cayenne, especially in terms of charging speed, stability, efficiency and daily driving performance. In order to ensure that the new car meets Porsche's high quality standards, the first batch of all-electric Cayenne prototypes have begun millions of kilometers of road testing around the world, including testing in various extreme climate conditions. (Source: Global Times)

Aeon, a large Japanese supermarket chain, uses smile-rating AI to help employees pay attention to their attitudes

Aeon, a large Japanese supermarket chain, has adopted a new artificial intelligence system to evaluate and "standardize" the smiles of its employees. On July 1, Aeon announced that it would adopt the "Smile Rating Artificial Intelligence System" (called "Mr Smile") in 240 stores across Japan, making Aeon the first company to adopt such technology.

Developed by Japanese company InstaVR, Mr Smile is said to be able to accurately assess an employee's behavior and rate their overall attitude based on more than 450 factors, including their greeting, facial expressions, volume and tone of voice.

Aeon said its goal is to "standardize employees' smiles and maximize customer satisfaction. Mr Smile incorporates game elements to encourage employees to improve their scores, thereby maximizing "service attitude"......

Aeon said it successfully trialed AI software in eight stores, with about 3,400 employees participating, and that "service attitude" was said to have improved 1.6 times in the three months before the recent rollout to all stores. (Source: cnBeta)

*Photo source: Visual China

Lei Jun: After Sister Dong criticized us, our air conditioners became even more popular.

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