news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

When listing

Huige Environmental Protection

36Kr learned that on July 31, Shanghai Huige Environmental Technology Group Co., Ltd. submitted an application for listing to the Hong Kong Stock Exchange, with CITIC Securities and China Galaxy International as joint sponsors. The prospectus disclosed that Huige Environmental is a global leading provider of ESG solutions for ships. In 2021, 2022, 2023 and as of April 30, 2024, the company's revenue was approximately RMB 141 million, RMB 267 million, RMB 510 million and RMB 247 million, respectively.

ST Dima

36Kr learned that ST Dima issued an announcement that the company received a self-regulatory decision letter issued by the Shanghai Stock Exchange on July 31, 2024, "Decision on the Termination of Listing of Chongqing Dima Industrial Co., Ltd.'s Shares". The Shanghai Stock Exchange decided to terminate the company's stock listing.

iFlytek Medical

36Kr learned that iFlytek Medical, a subsidiary of iFlytek, has resubmitted its listing application documents to the Hong Kong Stock Exchange.

TOP3 Big News

Wang Chuqin's racket being stepped on is under investigation

On July 31, Wang Chuqin's racket was broken by a photographer, which caused heated discussions on the Internet. The reporter recalled the scene where Wang Chuqin's racket was stepped on: many photographers squeezed into the coach's seat to take pictures, but the coach's seat was not an area accessible to reporters. After the award ceremony, the photography manager wrote down the ID number and photography vest number of the reporter on the scene, and also asked the reporter for the video circulating on the Internet, which is being investigated as evidence. (Sichuan Observation)

Canon Suzhou responds to layoffs with compensation of n+12 or 2n+12

Recently, a netizen broke the news that Suzhou Canon has started a new round of layoffs. Due to market contraction, the scale of layoffs involves thousands of people, and the compensation has refreshed the ceiling of layoffs in foreign companies - no fixed contract period n+12 or 2n+12. Afterwards, the netizen said that this is the top compensation in China, nothing else. The operator of Suzhou Canon's official website responded: The news of compensation n+12 or 2n+12 is false. The company is not laying off employees, but re-employment. Re-employment is a choice for you. If you meet the standards, you will receive compensation, but the standards are unclear. (Phoenix Network Technology)

New Oriental responds to compensation for Dong Yuhui

On July 31, at New Oriental's fourth quarter 2024 fiscal year earnings conference call, New Oriental Education and Technology Group Executive President and Chief Financial Officer Yang Zhihui responded to whether Dong Yuhui would be compensated. He said that this expense will be incurred in the fourth quarter of this fiscal year and the first quarter of the next fiscal year. The specific amount will be announced in the next earnings conference call, but this is a one-time expense. (China Business News)

Big companies/big events

Guangzhou: Buyers of newly built commercial housing can apply to withdraw their own and their spouse's housing provident fund to pay for the down payment

36Kr learned that according to the official microblog of Guangzhou Housing Provident Fund Management Center, housing provident fund payers who purchase newly built commercial housing in the administrative area of ​​Guangzhou can apply to withdraw the housing provident fund in their own and their spouse's name to pay the down payment for the purchase of the house. This notice will be implemented from the date of issuance.

Zheng Qinwen defeated the world's No. 1 and entered the women's singles tennis final

On August 1, in the women's singles semi-finals of the Paris Olympics, Chinese player Zheng Qinwen defeated the world's number one Polish player Swiatek and entered the finals, creating the best Olympic result for Chinese tennis singles. (CCTV News)

World of Warcraft is officially launched

On August 1, World of Warcraft was officially launched. The official announcement mentioned that the official server will open the pre-version content of "War for the Core", and related products will be launched simultaneously on the Battle.net Mall and the in-game mall. The mall provides a series of point card packages and character upgrade packages. At the same time, when players log in for the first time after the server is launched, the system will go through the conversion process of the new warband system, which may take up to 20 minutes or more, or there will be a server login queue. (Sina Games)

Huiyuan Juice's 90s president has been removed from office

It is reported that Xian Xiaofang, the executive president of Huiyuan Juice, has been dismissed, and her replacement is unknown. At the time of the acquisition by Guozhong Water (600187.SH), this important personnel change of Huiyuan has attracted much attention in the industry. On July 31, Jiemian News confirmed with Huiyuan's public relations department that Ms. Xian Xiaofang has been dismissed from the position of executive president of Huiyuan Juice, which is a normal personnel change of the company. As for the reasons for the dismissal, the other party only said, "It is a normal personnel change of the company." (Jiemian News)

Ministry of Agriculture and Rural Affairs: The average price of pork in the national agricultural product wholesale market on August 1 rose by 0.3% compared with July 31

36Kr learned that according to the monitoring of the Ministry of Agriculture and Rural Affairs, the "Agricultural Products Wholesale Price 200 Index" on August 1 was 120.21, up 0.57 points from July 31, and the "vegetable basket" product wholesale price index was 121.21, up 0.66 points from July 31. As of 14:00 on August 1, the average price of pork in the national agricultural product wholesale market was 25.23 yuan/kg, up 0.3% from July 31.

Dong-E-E-Jiao: At present, the medical insurance-related policies have not had a significant adverse impact on the development of compound donkey-hide gelatin products.

36Kr learned that Dong-E-E-Jiao said during an institutional survey on July 31 that in recent years, for Compound E-Jiao Syrup, an exclusive product that replenishes both qi and blood, the company has focused on the construction of the entire industry chain and fully launched a large-variety development strategy, achieving substantial growth in product sales. Regarding changes in medical insurance policies and other situations, the company conducts timely research and comprehensive judgment, and conducts dynamic tracking and comprehensive responses. At present, medical insurance-related policies have not had a significant adverse impact on the development of Compound E-Jiao Syrup products.

China's first long-term mechanism for basic medical insurance participation officially announced

On August 1, the General Office of the State Council issued the "Guiding Opinions on Improving the Long-term Mechanism for Participation in Basic Medical Insurance". The opinions pointed out that there are incentives for continuous participation. For people who have participated in the residents' medical insurance for four consecutive years, the maximum payment limit of major disease insurance can be increased by at least 1,000 yuan for each additional year of participation from the fifth year; there are incentives for zero reimbursement of funds. For insured people who did not use the medical insurance fund that year, the maximum payment limit of major disease insurance can be increased by at least 1,000 yuan in the second year; it reiterated that the household registration restrictions on participation should be relaxed, and the work of promoting non-local primary and secondary school students and preschool children to participate in the insurance in their permanent place of residence; the rules for the waiting period for fixed and variable benefits for those who paid premiums during the non-centralized collection period and those who stopped paying and re-insured were clarified, and it was made clear that the waiting period for variable benefits can be repaired through payment, and the interests of all insured persons are fairly protected. (Xinhua News Agency)

The three major U.S. stock indexes closed lower, with most large technology stocks falling

36Kr learned that at the close of August 1, the three major U.S. stock indexes fell collectively, with the Dow Jones Industrial Average down 1.21%, the Nasdaq down 2.3%, and the S&P 500 down 1.37%. Most large technology stocks fell, with Tesla and Nvidia down more than 6%, Intel down more than 5%, Apple and Amazon down more than 1%, Google, Microsoft, and Netflix down slightly; Meta rose more than 4%. Most of the popular Chinese stocks weakened, with NIO down more than 8%, Xpeng Motors and Miniso down more than 5%, JD.com down more than 4%, Baidu down more than 2%, Li Auto, Alibaba, and NetEase down more than 1%; Bilibili and 36Kr rose slightly.

Hongqi denies launching "free Maotai for car purchase" campaign

Recently, a poster of Hongqi Automobile circulated on the Internet showed that Hongqi Automobile launched a "Buy a car and get Maotai liquor for free" activity for two models. FAW Hongqi told the reporter of China Business Network that during the investigation, the promotion was not true and the logo was not correct. (China Business Network)

Xiaomi Motors: Xiaomi SU7 deliveries exceeded 10,000 units in July, and the annual delivery target is expected to be achieved ahead of schedule in November

36Kr learned that according to the official Weibo account of Xiaomi Auto, the delivery volume of Xiaomi SU7 will exceed 10,000 units in July 2024, and the delivery volume will continue to exceed 10,000 units in August. It is expected that the annual delivery target of 100,000 units will be completed ahead of schedule in November.

Wei, Xiao and Li Auto reveal July delivery data

36Kr learned that "Weixiaoli" disclosed the delivery data for July 2024. Among them, Li Auto delivered 51,000 vehicles in July, a year-on-year increase of 49%; Xpeng Motors delivered 11,145 vehicles, a year-on-year increase of 1%; NIO delivered 20,498 vehicles, a year-on-year decrease of 3.4%.

Guozhong Water responded to the limit down: It has nothing to do with the personnel changes of Huiyuan Juice, and the acquisition still needs to be evaluated

The share price of Guozhong Water Group has plummeted, and the closing price on August 1 hit the limit down. Regarding the limit down of the share price on August 1, a person from the investor relations department of Guozhong Water Group said that it was a market behavior and should be a correction after the heat of the previous two days. Is the stock price fluctuation related to the personnel changes of Huiyuan Juice? The above-mentioned person denied the statement and said, "We are still interested in Huiyuan now, and it does not involve personnel changes of Huiyuan." Regarding the current progress of the acquisition, the person said that it is still in the intention and needs to be evaluated. (21 Finance)

US authorities: Tesla was using fully autonomous driving in the accident that killed a motorcyclist

Washington state authorities said the Tesla driver who struck and killed a motorcyclist in the Seattle area in April was using the company's driver assistance technology called "Full Self-Driving Capability (FSD)" at the time of the accident. Spokesman Chris Loftis said on August 2 that the crash was part of an ongoing investigation by the Washington State Patrol's criminal division. Although the technology is called "Full Self-Driving Capability," Tesla and industry experts said drivers must keep their hands on the steering wheel and pay attention to road conditions when using the software. (Jiemian News)

Musk comments on BYD's cooperation with Uber

On July 31, local time, regarding the news that BYD and Uber have reached a strategic cooperation, Tesla CEO Musk commented on public channels that BYD needs to change direction, otherwise it will be in trouble. On July 31, BYD announced that it had reached a multi-year strategic partnership with Uber, an international mobile travel and delivery technology company, and plans to launch 100,000 new BYD electric vehicles in key markets around the world. The cooperation will start in Europe and Latin America and gradually expand to the Middle East, Australia, New Zealand and other regions. In addition, there are other reports that the two sides will cooperate to develop self-driving cars. (Yicai Global)

The cumulative number of electric vehicle registrations in South Korea has exceeded 600,000, with Hyundai and Kia accounting for more than 67%

According to Yonhap News Agency, the Korea Automobile Mobility Industry Association (KAMA), the Ministry of Land, Infrastructure and Transport, and the pollution-free automobile comprehensive website, as of the first half of this year, a total of 606,610 electric vehicles were registered in South Korea, exceeding 600,000 for the first time since relevant statistics began in 2017. In terms of brands, Hyundai Motor (241,700 vehicles, 39.8%) and Kia (166,300 vehicles, 27.4%) ranked first and second, and the two electric vehicles accounted for a total of 67.2%. (Jiemian News)

Samsung Electronics' wage talks with union fail

People familiar with the matter said that as the strike continued, Samsung Electronics and its largest labor union failed to reach a compromise in wage negotiations, and it is unclear whether the two sides will restart negotiations soon. South Korea's National Samsung Electronics Labor Union said it would continue the strike. (Sina Finance)

AI at the forefront

AiPPT.cn and Kimi reach product-level strategic cooperation

Recently, AiPPT.cn, a leading domestic intelligent PPT production platform, and AI smart assistant Kimi have reached a product-level strategic cooperation. From now on, Kimi users can click "Kimi+" in the left navigation bar of the official website, and then click "PPT Assistant" in the office efficiency section to use the functions of AiPPT.cn.

This cooperation combines the product capabilities of AiPPT.cn, Visual China's 500 million copyright materials and Kimi's large model capabilities. It is reported that AiPPT.cn has reached cooperation with many terminal manufacturers such as Lenovo and many leading SaaS application manufacturers.

Microsoft adds OpenAI to list of AI and search competitors

Microsoft listed OpenAI as a competitor in its Form 10-K filed with the U.S. Securities and Exchange Commission (SEC). The list also includes companies such as Amazon, Google and Meta. In the document, Microsoft identified OpenAI, the creator of the ChatGPT chatbot, as a competitor to artificial intelligence products as well as search and news advertising. Last week, OpenAI released a prototype of a search engine called SearchGPT. An OpenAI spokesperson said that there has been no change in the relationship between the two companies, Microsoft is still a good partner of OpenAI, and the two parties reached a consensus that competition might occur when the partnership was established. (Jiemian News)

EU Artificial Intelligence Act officially comes into effect

The EU's "Artificial Intelligence Act" officially came into effect on the 1st. This act is the world's first comprehensive regulation on artificial intelligence, marking an important step for the EU in regulating the application of artificial intelligence. Artificial intelligence systems such as chatbots must clearly inform users that they are interacting with machines, and artificial intelligence technology providers must ensure that synthesized audio, video, text and image content can be detected as artificial intelligence-generated content. In addition, the act stipulates that it is prohibited to use artificial intelligence systems that are considered to pose a clear threat to users' basic rights. (Xinhua News Agency)

Sam Altman: OpenAI is working with the US AI Safety Institute

OpenAI CEO Sam Altman said on August 1 that the OpenAI team has been working with the US AI Safety Institute. (Jiemian News)

Hitachi develops technology to determine whether an article was created by AI

According to Nikkei News, Hitachi has developed a technology that can determine whether an article was created by generative AI (artificial intelligence). This technology makes judgments based on the word usage patterns in the article. In the future, it can not only prevent the spread of false information created by generative AI, but also help companies and administrative agencies avoid risks such as copyright infringement when writing important documents. (Jiemian News)

Large company financial reports

Volkswagen: Second-quarter operating profit of 5.46 billion euros, down 2.4% year-on-year

Volkswagen's second-quarter revenue was 83.34 billion euros, up 4.1% year-on-year, and the estimated revenue was 81.92 billion euros; the second-quarter operating profit was 5.46 billion euros, down 2.4% year-on-year, and the estimated revenue was 5.17 billion euros; the automotive sector's operating cash flow was 8.40 billion euros, up 36% year-on-year, and the estimated revenue was 7.41 billion euros. (Cailian News Agency)

BMW: Second-quarter EBITDA of 3.88 billion euros, down 11% year-on-year

BMW's second-quarter sales were 36.94 billion euros, down 0.7% year-on-year, and the estimated 37.99 billion euros; the second-quarter EBIT was 3.88 billion euros, down 11% year-on-year, and the estimated 3.93 billion euros. The company's automotive division revenue in the second quarter was 32.07 billion euros, up 1.4% year-on-year, and the estimated 31.93 billion euros. The second-quarter delivery volume was 618,743 vehicles, down 1.3% year-on-year, and the market estimated 622,754 vehicles. (Cailian News)

Apple: Revenue in the third quarter of fiscal year 2024 was US$85.78 billion, a year-on-year increase of 4.9%

36Kr learned that Apple released its third quarter results for fiscal year 2024. The financial report shows that Apple's revenue in the third quarter was US$85.78 billion, a year-on-year increase of 4.9%; net profit was US$21.45 billion, a year-on-year increase of 7.9%. The company's revenue in Greater China in the third quarter was US$14.73 billion, a year-on-year decrease of 6.5%.

Amazon's second-quarter revenue was $148 billion, and its net profit increased by 100% year-on-year

Amazon released its second quarter financial report for fiscal year 2024. The report shows that Amazon achieved net sales of $148 billion, a year-on-year increase of 10%, and a year-on-year increase of 11% excluding the impact of exchange rate changes; net profit was $13.5 billion, a significant year-on-year increase of 100%; diluted earnings per share were $1.26, a significant increase compared to diluted earnings per share of $0.65 in the same period last year. (Sina Technology)

Toyota's first-quarter operating profit up 17% year-on-year

Toyota Motor Corporation announced on August 1 that its operating profit for the first fiscal quarter ending June increased by 17% to 1.3 trillion yen (about 8.7 billion U.S. dollars), thanks to the weak yen and cost-cutting efforts, which offset the impact of declining sales and production in the Japanese domestic market. Toyota maintained its operating profit forecast for this fiscal year at 4.3 trillion yen, lower than the average forecast of 5.3 trillion yen by 18 analysts surveyed by LSEG. (Sina Finance)

Investment and Financing

The parent company of "Boxin Quanyuzhou" received a strategic investment of tens of millions from Shanghai Cultural Industry Development Investment Fund

36Kr learned that recently, the parent company of the large-scale immersive interactive content brand "Boxin Universe", Luwa Culture Communication (Shanghai) Co., Ltd., and the Shanghai Cultural Industry Development Investment Fund jointly announced a strategic investment agreement of tens of millions. It is reported that in the future, Boxin Universe plans to further expand its national layout of immersive exploration centers and bring more high-quality immersive cultural and tourism experience content to the market.

"Zhiwei New Materials" completed tens of millions of yuan in angel round financing

36Kr learned that recently, "Zhiwei New Materials" announced the completion of angel round financing, with a total financing of tens of millions of RMB, led by Zhongke Chuangxing, and jointly invested by Wanlian Tianze and Guangzhou Red Bird Qihang Fund. This round of financing will be used to further enhance the company's microcapsule core technology development capabilities, promote new product development and standardized production of mass-produced products, and continue to introduce high-end talents.

"Shenji Changhua" completed nearly 100 million yuan in Pre-A round of financing

36Kr learned that recently, Shenji Changhua (Beijing) Biotechnology Co., Ltd. completed a Pre-A round of financing of nearly 100 million yuan, led by Zhongguancun Capital, followed by Zhongbo Juli, Chuanhua Capital and Sanmei Investment. The funds raised in this round will be mainly used for the IND application of Shenji Changhua's first pipeline SNUG01 and the promotion of other pipeline products.

Arrangement｜ Wu Yaoyao