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TOP3 Big News

"Traveling with Hui" gained nearly 600,000 followers in 5 days after becoming independent, with total sales exceeding 100 million yuan

On July 25, Dongfang Zhenxuan announced that Dong Yuhui resigned. Dong Yuhui and Yu Minhong issued multiple statements, and the company "Walking with Hui" operated independently. Five days after the announcement, the reporter checked the third-party data platform and found that from July 25 to 29, "Walking with Hui" gained 600,000 fans, with an average daily increase of 120,000 fans, and the total number of fans exceeded 22 million.

Although Dong Yuhui has not been on the air to promote the product since the announcement, the sales data is still impressive. According to a third-party data platform, the total GMV exceeded 100 million yuan 5 days after the announcement, and the sales exceeded 50 million yuan on the 26th. The sales in the remaining days were also stable at more than 10 million yuan. (Blue Whale News)

Apple releases iOS 18.1 developer beta, Apple AI is not available on Chinese iPhones

According to reports, Apple released iOS18.1 developer preview Beta1 on July 30, which includes a beta version of Apple AI-Apple Intelligence. This new feature is currently only available to iPhone 15 Pro, iPhone 15 Pro Max, and Mac and iPad users equipped with M1 or higher chips.

It is also reported that this version has the long-awaited call recording function, and users can click the recording button in the upper left corner after making a call. To ensure that users are informed, everyone on the call will receive a call recording notification through a voice message.

According to user feedback, domestically licensed iPhones are temporarily unable to access Apple Intelligence, and non-domestic iPhone users need to enable Apple Intelligence in the settings and join the waiting list to obtain access. In addition, in order to use Apple AI, users must set the language of the iPhone and Siri to American English and set the device region to the United States. (Fast Technology, IT Home)

The retail price of beef products has dropped significantly, falling below 20,000 yuan

Recently, many beef hotpot restaurants and beef theme stores have started a "price war", and the retail price of beef products has dropped significantly. A staff member of a beef hotpot restaurant said that starting from this month, the prices of multiple parts of beef sold in the store have been adjusted. A plate of dragon meat was originally priced at 36 yuan, but now it has dropped to 28 yuan; the tender meat, which was originally priced at 32 yuan, the double-layer meat, and the cooked beef tendon, which was priced at 35 yuan, have all dropped to 28 yuan per plate, with the highest drop of 26%. In addition, in many large chain supermarkets in Harbin, the cold fresh beef sold at a well-known brand beef counter is about 29 yuan per catty, while the same brand of small beef (tendon head and brain) is only priced at 19.9 yuan per catty. On the Meituan Youxuan platform, a frozen 500-gram package of beef top brain is priced at 18.99 yuan, and snowflake beef slices are only 13.99 yuan.

The decline in the price of beef dishes in catering terminal stores is ultimately due to the decline in the price of beef raw materials. In recent years, the domestic beef production has increased, and the amount of imported beef has increased. The combination of the two has caused a surge in the supply of beef on the market. (China Fund News)

Big companies/big events

The Political Bureau of the CPC Central Committee: Implement the requirement of "zeroing out" restrictions on foreign investment access in the manufacturing sector and launch a new round of pilot measures to expand the opening up of the service industry

The Political Bureau of the CPC Central Committee held a meeting on July 30. The meeting pointed out that it is necessary to promote high-level opening up, further create a market-oriented, law-based, and internationalized first-class business environment, steadily expand institutional opening up, implement the "zero" requirements for restrictive measures on foreign investment access in the manufacturing sector, launch a new round of pilot measures to expand the opening up of the service industry, and promote the stabilization and recovery of foreign investment utilization. It is necessary to actively cultivate new momentum for foreign trade development and expand trade in intermediate products and green trade. It is necessary to solidly promote high-quality joint construction of the "Belt and Road". (Xinhua News Agency)

China's first unfinished building refunded through government coordination, experts say such cases will increase in the future

Recently, the local government of Nanjing Pearl River Four Seasons City project intervened and coordinated the developer to return the down payment to the owners after the project was suspended for two years. This is also the first case in China since the "guaranteed delivery of buildings" that the government coordinated the centralized return of houses and the refund of down payments after the suspension of construction of a residential project. Li Yujia, chief researcher of the Guangdong Provincial Housing Policy Research Center, said that such cases will increase significantly in the future. (China News Service)

Shanghai: Continue to increase support for the development of innovative medical devices

36Kr learned that the General Office of the Shanghai Municipal People's Government issued several opinions on supporting the innovative development of the entire chain of the biopharmaceutical industry, and continued to increase support for the development of innovative medical devices. Products that enter the special review procedures for innovative medical devices in China and Shanghai will be given a maximum of 3 million yuan in support according to regulations; for the above products that obtain registration certificates for the first time and are put into production, they will be given an additional support of no more than 40% of the R&D investment, up to 8 million yuan, according to regulations. The cumulative support amount for each unit is up to 30 million yuan per year.

Zhou Hongyi tried the Aion door anti-pinch system but got his hand pinched

On July 30, 360 Chairman Zhou Hongyi released a video of experiencing the Haobo model under GAC Aion. The staff of the car company said that the scissor doors of this model have an anti-pinch function, but Zhou Hongyi had his hand pinched while experiencing it.

The video shows that Zhou Hongyi asked the staff when the scissor door of the car was opened: "Will it pinch my hand?" The staff said that there is an anti-pinch function and he can try it. However, after Zhou Hongyi put his hand in, the scissor door did not recognize it and closed directly. Zhou Hongyi screamed after his hand was pinched. The staff immediately apologized and said, "Sorry, I should have tried it first." (Sina Technology)

The three major U.S. stock indexes closed mixed, with Nvidia falling more than 7%

36Kr learned that at the close of July 30, the three major U.S. stock indexes rose and fell, with the Nasdaq down 1.28%, the S&P 500 down 0.05%, and the Dow up 0.5%. Most large technology stocks fell, with Nvidia down more than 7%, Arm down more than 6%, and Tesla down more than 4%. Microsoft, Amazon, Netflix, and Meta fell slightly, while Apple and Google rose slightly. Most of the popular Chinese stocks fell, with Xpeng Motors and Pinduoduo down more than 3%, Li Auto down more than 2%, Baidu and Bilibili down more than 1%, JD.com, Alibaba, and Weibo down slightly, and 36Kr up more than 1%.

Jen-Hsun Huang: Meta may be one of Nvidia's largest customers

On July 29, local time, Nvidia co-founder and CEO Huang Renxun and Meta co-founder and CEO Zuckerberg held talks at a computer graphics conference. Huang Renxun said that Meta may be one of the largest customers of Nvidia chips to date. Since Meta developed large models, it has been an important customer of Nvidia. Huang Renxun revealed in the conversation that "the number of Nvidia GPUs owned by Meta may have reached 600,000." (Sina Finance)

Foreign tourist groups from Hong Kong and Macao will be exempted from visas for 144 hours in Hainan starting from July 30

The National Immigration Administration issued an announcement on July 30, implementing a 144-hour visa-free policy for foreign tourist groups from Hong Kong and Macao entering Hainan from July 30, 2024. Citizens of countries that have established diplomatic relations with China who arrive in Hong Kong and Macao with ordinary passports and enter Hainan as a group (2 or more) through a travel agency legally registered in Hong Kong and Macao can stay in Hainan for no more than 144 hours without a visa (if they meet the requirements of the mutual visa exemption agreement signed with China or other visa exemption policies of the Chinese government, they can follow their regulations). The entry and exit ports are all open ports established by the country in Hainan Province. Entry and exit must be made as a whole group. The scope of activities is the administrative area of ​​Hainan Province, and the stay time is calculated from midnight on the day after entry. (CCTV News)

Zheng Zhajie, Director of the National Development and Reform Commission: Expand the catalogue of industries that encourage foreign investment and reasonably reduce the negative list for foreign investment access

Zheng Zhajie, director of the National Development and Reform Commission, said that we should deepen the reform of the foreign investment and outbound investment management system, expand the catalog of industries that encourage foreign investment, reasonably reduce the negative list of foreign investment access, and implement the complete abolition of restrictions on foreign investment access in the manufacturing sector. By "adding one, subtracting one, and clearing one", we will further expand opening up and attract foreign investment. At the same time, we will guarantee the national treatment of foreign-invested enterprises and create a first-class business environment, so that foreign investors can not only "come in", but also "develop well". (Xinhua News Agency)

Kuaishou frequently deploys in the financial industry and obtains an insurance brokerage license through a roundabout way of equity investment

Hainan Zhonghe Yunlian Technology Co., Ltd., a wholly-owned shareholder of Shanghai Shanda Insurance Brokers Co., Ltd., recently changed its shareholder information. The wholly-owned shareholder of Hainan Zhonghe Yunlian Technology Co., Ltd. was changed from Hainan Zhonghe Yunrui Technology Co., Ltd. to Chengdu Kuaigou Technology Co., Ltd. Chengdu Kuaigou Technology Co., Ltd. is a wholly-owned subsidiary of Beijing Kuaishou Technology Co., Ltd. This also means that Kuaishou has obtained an insurance brokerage license through a roundabout way of equity investment. (The Paper)

Buffett reduced his stake in Bank of America again, cashing out more than $3 billion this month

Berkshire Hathaway, owned by Buffett, disclosed that it reduced its holdings of Bank of America shares for the third time in July, selling more than $3 billion in total. Berkshire Hathaway began investing in Bank of America in 2011 and has long been the largest shareholder. According to documents submitted to regulators on July 29, Berkshire Hathaway sold $767 million of Bank of America shares between July 25 and July 29. Combined with the scale of sales before July, Berkshire Hathaway reduced its holdings by a total of 6.9%. However, the documents show that Berkshire Hathaway still holds nearly 962 million shares of Bank of America, worth $39.5 billion based on the closing price on July 29. (Cailian News Agency)

McDonald's CEO: Still on track to open 1,000 new stores in China

McDonald's CEO Chris Kempczinski told analysts in a financial report conference call that the company is still moving forward with its plan to open 1,000 new restaurants in China this year, and the returns from opening new stores are good. (Cailian News Agency)

South Korean President Yoon Seok-yeol: Will abolish financial investment tax and adjust inheritance tax system

South Korean President Yoon Seok-yeol said on July 30 that the government will abolish financial investment income tax and reduce the burden of inheritance tax. Yoon Seok-yeol said that the capital market is closely related to 14 million individual investors and their families. Only by accurately evaluating the capital market can individual investors enjoy the dividends of corporate development. In addition, in the past 25 years, the inheritance tax system has failed to keep up with the pace of economic development and changes in the times. Therefore, the government will adjust the inheritance tax rate and tax-free scope, and significantly increase the threshold for inheritance tax for children from 50 million won (about 260,000 yuan) per person to 500 million won to reduce the burden on the middle class. (Jiemian News)

India to block foreign investment in some new bond issues

According to an announcement by the Reserve Bank of India, foreign investors will no longer be free to purchase newly issued 14-year and 30-year Indian government bonds. The Reserve Bank of India said on its website on July 29 that the adjustment will take effect immediately, but did not explain the reason. The Reserve Bank of India added that existing bonds in the fully accessible path category will not be affected by the directive. According to the Indian government's rules on protecting its financial markets from hot money shocks, non-residents will only be able to hold a portion of the newly issued bonds. (Cailian News Agency)

AI at the forefront

Shanghai adds 11 new generative AI services that have completed registration

36Kr learned that according to the official microblog of Shanghai Cyberspace Administration, Shanghai Cyberspace Administration has carried out the registration of generative artificial intelligence services in Shanghai in an orderly manner in accordance with the requirements of the Interim Measures for the Administration of Generative Artificial Intelligence Services. At the same time, the registration of generative artificial intelligence services with public opinion attributes or social mobilization capabilities that directly call the registered model capabilities through API or other means and provide them to the domestic public is now announced. As of July 30, Shanghai has added 11 generative artificial intelligence services that have completed registration, and a total of 20 generative artificial intelligence services have been registered.

Huizhi Intelligent CarrotAI large model passed the large model service registration

36Kr learned that recently, the Carrot AI big model independently developed by Jiangsu Huizhi Intelligent Digital Technology Co., Ltd. passed the national big model service registration. It is understood that Huizhi Intelligent is the fourth scientific and technological innovation enterprise in Nanjing and the seventh in Jiangsu Province to pass the big model service registration. Not long ago, the text generation algorithm independently developed by Huizhi Intelligent also passed the "Sixth Batch of Deep Synthesis Service Algorithms" registration, achieving double registration.

Large company financial reports

Samsung Electronics: Net profit of 9.64 trillion won in the second quarter

36Kr learned that Samsung Electronics announced its second quarter performance report for fiscal year 2024 on July 31. The report showed that Samsung Electronics' net profit in the second quarter was 9.64 trillion won, and the estimated net profit was 7.97 trillion won. The operating profit in the second quarter was 10.44 trillion won, and the sales were 74.07 trillion won.

Microsoft: Fourth quarter revenue of $64.727 billion, net profit increased by 10% year-on-year

36Kr learned that Microsoft announced its fourth quarter and full-year financial report for fiscal year 2024 on July 30 local time. The report shows that Microsoft's fourth quarter revenue was US$64.727 billion, a 15% increase from US$56.189 billion in the same period last year, and a year-on-year increase of 16% excluding the impact of exchange rate changes; net profit was US$22.036 billion, a 10% increase from US$20.081 billion in the same period last year, and a year-on-year increase of 11% excluding the impact of exchange rate changes; diluted earnings per share were US$2.95, a 10% increase from US$2.69 in the same period last year, and a year-on-year increase of 11% excluding the impact of exchange rate changes.

AMD: Second quarter revenue of US$5.835 billion, net profit increased 881% year-on-year

36Kr learned that AMD released its second quarter 2024 performance report on July 30 local time. The report showed that AMD's second quarter revenue was US$5.835 billion, a 9% increase from US$5.359 billion in the same period last year and a 7% increase from US$5.473 billion in the previous quarter; net profit was US$265 million, a significant increase of 881% compared with US$27 million in the same period last year, and a significant increase of 115% compared with US$123 million in the previous quarter; earnings per share were US$0.16, a significant increase of 700% compared with earnings per share of US$0.02 in the same period last year, and a significant increase of 129% compared with earnings per share of US$0.07 in the previous quarter.

Luckin Coffee: Net revenue in the second quarter exceeded 8.4 billion yuan, setting a new record for single-quarter revenue

36Kr learned that according to Luckin Coffee's official website, Luckin Coffee's net revenue in the second quarter was 8.4 billion yuan, an estimated 8.32 billion, a year-on-year increase of 35%. Luckin Coffee's net profit in the second quarter was 871.1 million yuan, a year-on-year decrease of 13%.

Investment and Financing

"INMO Video Technology" received nearly 100 million yuan in round B financing

36Kr learned that recently, smart glasses manufacturer "INMO Yingmu Technology" completed a B round of financing of nearly 100 million yuan. This round of financing was jointly participated by Sichuan Development Hongxin Fund, Chenghua Science and Technology Venture Capital Company and Jiangxi Zhonghuan Investment Group.

Arrangement｜ Chen Siyuan