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When the listing is in progress

glory

In response to rumors about its listing, Honor said that it has always adhered to the principle of open and transparent development and will continue to diversify its equity structure. Honor plans to launch the corresponding shareholding reform in the fourth quarter of this year and start the IPO process in due course. Honor will disclose relevant financial data in the corresponding process. Honor said that from January 1, 2021 to date, Honor has not received support from the Shenzhen Municipal Government beyond that of ordinary enterprises. (Securities Times)

TOP3 Big News

Xiaomi CEO Lei Jun enters the live streaming market

Xiaomi CEO Lei Jun has officially entered the live streaming market. On his personal Douyin account "Lei Jun", it can be found that the "Xiaomi Mi Band 9 Series Smart Bracelet" is now available in the product showcase at a price of 249 yuan, and can be ordered directly. Currently, Lei Jun has a total of 28.441 million fans. (The Paper)

Weibo cracks down on content that provokes controversy in discussions about Olympic events

On August 5, the Weibo administrator announced that during the women's singles table tennis final of the 2024 Paris Olympics on August 4, the irrational viewing behavior of some spectators sparked controversy online. Some users took advantage of this to repost malicious speculation and incite content from outside the site, and even published irrational remarks attacking athletes and coaching staff members, for which the site severely punished. According to the platform's relevant regulations, the site has cleared more than 12,000 pieces of illegal content, including provocative and malicious attacks in discussions of related events in the past two days, and banned more than 300 illegal accounts to varying degrees. (Sina Weibo)

Nobel Prize winner in physics Tsung-Dao Lee dies

The Paper reported from Professor Tsung-Dao Lee's representative, Wang Chuilin, deputy director of the Academic Committee of the China Center for Advanced Science and Technology, and other friends of Professor Tsung-Dao Lee that Professor Tsung-Dao Lee, a famous physicist and Nobel Prize winner in Physics, died in San Francisco on August 4, U.S. time, at the age of 98, due to illness. On the same day, relevant parties at Shanghai Jiao Tong University also confirmed the news of Lee's death. (The Paper)

Big companies/big events

Xtep: MSCI ESG rating is A, the first time for a Chinese sports brand

36Kr learned that recently, the index agency Morgan Stanley Capital International (MSCI) announced the latest environmental, social and governance (ESG) rating results. Xtep International Holdings Limited was upgraded to A in the MSCI ESG rating, becoming the first company in the Chinese sporting goods industry to receive the MSCI ESG A rating.

China Association of Automobile Manufacturers: Total import and export volume of automobile products in the first half of the year increased by 6.8% year-on-year

36Kr learned that according to the official microblog of the China Association of Automobile Manufacturers, as of June this year, the total import and export of automobile products has increased slightly year-on-year. In June 2024, the total import and export of automobile products was US$25.19 billion, a decrease of 4.5% from the previous month and an increase of 6.7% year-on-year. From January to June 2024, the total import and export of automobile products nationwide was US$145.31 billion, a year-on-year increase of 6.8%. Among them, the import amount was US$33.41 billion, a year-on-year decrease of 7.5%; the export amount was US$111.9 billion, a year-on-year increase of 11.9%.

China Evergrande: Seeking to recover dividends and remuneration of US$6 billion from Xu Jiayin and seven other defendants

36Kr learned that China Evergrande announced that on March 22, 2024, the liquidator initiated legal proceedings in the High Court of the Hong Kong Special Administrative Region against three defendants in the name of China Evergrande, namely Xu Jiayin, the company's former CEO Xia Haijun, and the company's former chief financial officer Pan Dayong. At the same time, the lawsuit gradually developed to join the remaining four defendants, namely Xu Jiayin's spouse or former spouse Ding Yumei and three entities related to Xu Jiayin and Ding Yumei. In the lawsuit, China Evergrande seeks to recover from the seven defendants a total of approximately US$6 billion (approximately RMB 42.7 billion) in dividends and remuneration paid by the company based on the financial statements for the fiscal years ending December 31, 2017 to December 31, 2020 that they claimed were misreported.

HEYTEA: The champion slimming bottle is sold out in many places, and more than 1.6 million cups have been sold since the new product was launched

36Kr learned that recently, Heytea's new fruit and vegetable tea "Champion Slimming Bottle" has been sold out in many places. Heytea's official news said that "urgent replenishment is being carried out to ensure supply." According to Heytea's data, since the launch of the Champion Slimming Bottle, a total of more than 1.6 million cups have been sold, ranking the top 3 in Heytea's product sales.

UBTECH, Geely and Tianqi Shares have entered into a strategic partnership to jointly create an innovative demonstration application of humanoid robot automobile factories

36Kr learned that recently, UBTECH Robotics, Geely and Tianqi Shares reached a strategic cooperation. The three parties will combine their respective resource advantages to jointly promote the application of humanoid robots in the field of intelligent manufacturing of automobiles and parts, and jointly create innovative demonstration applications.

The price of domestic HPV vaccine has been reduced to the price of a cup of milk tea

The price of the domestically produced bivalent human papillomavirus vaccine (i.e., bivalent HPV vaccine) is almost the same as the price of a cup of milk tea. On August 2, the Shandong Provincial Public Resources Electronic Trading Platform disclosed the Shandong Province's announcement of the purchase and transaction of the bivalent human papillomavirus (HPV) vaccine for girls of school age in 2024. Among them, Zerun Bio, a subsidiary of Watson Bio, won the bid for 1.0162 million doses at 27.9465 million yuan. Based on this calculation, the winning bid price of a single dose of the bivalent HPV vaccine has dropped to 27.5 yuan.

The price war for the bivalent HPV vaccine shows no signs of ending, but is getting more intense. Overall, HPV vaccines are not selling well in China. Jiemian News reported that Merck's HPV vaccine sales in China fell in the second quarter, while Watson Biopharma and Wantai Biopharma also engaged in a fierce price war in the field of centralized bidding and procurement of bivalent HPV vaccines. (Jiemian News)

A new milestone of 2 consecutive boards: the disclosed operating conditions and internal and external operating environment have not undergone major changes

36Kr learned that New Milestone announced that the company's stock trading price has a cumulative deviation of more than 20% in closing price increase for two consecutive trading days (August 2, 2024 and August 5, 2024), which is an abnormal fluctuation in stock trading. The company has not found any recent public media reports of undisclosed major information that may or has had a significant impact on the company's stock trading price. The company's disclosed operating conditions and internal and external operating environment have not changed significantly, and the company's production and operation activities are normal.

SAIC Volkswagen: 11,258 new ID. family cars were delivered in July, and ID.3 and ID.4 X were launched simultaneously

36Kr learned that official data from SAIC Volkswagen showed that in July, SAIC Volkswagen delivered 11,258 new cars of the ID. family. In addition, the main models of the ID. family, ID.3 and ID.4 X, were also launched simultaneously recently.

The three major U.S. stock indexes closed down collectively, and Nvidia fell more than 6%

36Kr learned that at the close of August 5, the three major U.S. stock indexes fell collectively, with the Nasdaq down 3.43%, the S&P 500 down 3%, and the Dow down 2.6%. Large technology stocks fell across the board, with Nvidia down more than 6%, Apple, Tesla, and Google down more than 4%, Microsoft down more than 3%, and Meta and Netflix down more than 2%. Most of the popular Chinese stocks fell, with NIO and Xpeng Motors down more than 3%, Baidu and NetEase down more than 2%, and Li Auto and iQiyi down more than 1%; Bilibili rose more than 3%.

In the first seven months, the number of international transit passengers at Shanghai Pudong Airport exceeded 2.25 million, a year-on-year increase of 4.7 times

According to Shanghai Customs, from January to July, Shanghai Pudong International Airport Customs supervised a total of 2.257 million international transit passengers, a year-on-year increase of 4.7 times. Among them, 885,000 international transit passengers, a year-on-year increase of 13.8 times. (Shanghai Securities News)

Yipinhong responds to the need to return 266 million yuan for breach of contract in centralized procurement

Recently, Yipinhong released an "Announcement on the Receipt of a Notice from the National Joint Drug Procurement Office by a Wholly Owned Subsidiary", which became the largest publicly disclosed default case involving the largest amount of money since the emergence of the centralized procurement system, and aroused strong attention from the industry. In this regard, the reporter contacted Yipinhong's investor relations department as an investor, and the relevant person responded that it was a normal purchase, and it might be that (regulators) felt that our prices were a bit abnormal. So, is there collusion in bidding? The person said that the regulators may think so at present, and communication is still ongoing. Regarding the performance impact caused by this incident, the person said that the performance impact is currently pending and cannot be determined for the time being. (21 Finance)

2024 Fortune Global 500 released

The total operating income of the Fortune Global 500 companies this year is about 41 trillion US dollars, equivalent to one-third of the global GDP, a slight increase of about 0.1% over last year. The total net profit of all listed companies increased by 2.3% year-on-year to about 2.97 trillion US dollars. Among them, Walmart has become the world's largest company for the eleventh consecutive year. Amazon returned to second place. China's State Grid Corporation continued to rank third. Saudi Aramco and Sinopec ranked fourth and fifth respectively. (Jiemian News)

Evergrande Auto: Related subsidiaries enter bankruptcy reorganization process

36Kr learned that Evergrande Auto announced on the Hong Kong Stock Exchange that the relevant local people's court held a hearing on the bankruptcy reorganization of the relevant subsidiaries on August 2, 2024, and the relevant local people's court ruled that the relevant subsidiaries entered the bankruptcy reorganization procedure.

Saudi Arabia raises oil export prices as Asia demand looms

Saudi Arabia raised the price of its flagship crude to Asia for the first time in three months, an early sign that the kingdom remains confident in demand from China, the world's largest importer. Saudi Aramco raised its official selling price for Arab Light crude to Asian customers in September by 20 cents to $2 a barrel, above the Oman-Dubai regional benchmark. Still, that was below the 50-cent increase forecast in a market survey of five traders and refiners. In Europe, Saudi Arabia cut the price of its Arab Light crude by $2.75, the biggest drop since the worst of the coronavirus pandemic. The price drop in the United States was the biggest since February. (Zhitong Finance)

U.S. federal judge rules Google has illegal monopoly on web search

On August 5, local time, U.S. Federal District Judge Amit Mehta ruled that Google violated the law by monopolizing the online search market. This was the first victory of the U.S. government in a series of antitrust lawsuits against large technology companies. Judge Mehta pointed out that Google paid $26.3 billion in 2021 alone to ensure that mobile phone manufacturers set Google as the default search engine for new phones. The U.S. Department of Justice previously sued search engine giant Google, claiming that Google accounted for about 90% of the online search market and 95% of the smartphone market. It is understood that another case against Google's advertising technology is scheduled to go to trial in September this year. (CCTV News)

Nvidia will stop producing RTX3060 graphics cards

NVIDIA is about to stop producing the popular GeForce RTX 3060 graphics card. As inventory gradually runs out, NVIDIA will shift its focus to the RTX 4060 series. In early 2021, NVIDIA officially released the RTX 3060 graphics card with a suggested retail price of 2,499 yuan, and the current mainstream model is still over 2,000 yuan. At the end of last year, NVIDIA planned to stop production and sales of the RTX 3060, but it may be to compete with AMD Radeon RX 6750 GRE series products. NVIDIA has extended the life cycle of the RTX 3060, which is expected to be at least half a year. (IT Home)

As global stock markets plummeted, large U.S. technology stocks also fell sharply before the market opened

36Kr learned that as of press time, large technology stocks in the U.S. stock market fell sharply before the market opened, with TSMC and Nvidia falling more than 8%, and Tesla and Apple falling more than 6%. According to the 10-Q report released last Saturday, Buffett's Berkshire Hathaway reduced its holdings of Apple shares by nearly 50% in the second quarter.

Musk's Neuralink is expected to complete 10 brain-computer interface implant surgeries this year

On August 4, local time in the United States, Musk, founder of the brain-computer interface company Neuralink, revealed in a podcast over the weekend that the company has successfully implanted its brain-computer interface device in a second patient, and he expects Neuralink to provide implants to another 8 patients this year as part of its clinical trials. This will allow the company to complete a total of 10 brain-computer interface patient implants. (Yicai)

Kia's electric vehicle sales in the U.S. hit a record high in the first seven months of this year

According to reports, the Korea Automobile Mobility Association (KAMA) said that Kia sold a total of 33,957 electric vehicles in the United States from January to July this year, a year-on-year increase of 100.4%, setting a record for the same period in history. During the same period, the total sales volume of the US electric vehicle market was 644,752 vehicles, a year-on-year increase of 0.9%. Hyundai's sales in the United States increased by 18.1% year-on-year to 37,673 vehicles, which exceeded the growth rate of the overall market, but compared with Kia, the growth rate was not large. (Jiemian News)

AI at the forefront

Amazon Web Services exec Rohit Dhawan appointed head of AI strategy at Lloyds Bank

Lloyds Bank reportedly said it has hired Amazon Web Services (AWS) executive Rohit Dhawan to serve as the newly created head of artificial intelligence strategy. He was previously responsible for Amazon Web Services' data and AI strategy in the Asia-Pacific region. Dhawan will be responsible for integrating AI into customer and operational processes and creating a new data and AI functional department within Lloyds Bank. (Jiemian News)

Meta is reportedly negotiating AI voice projects with Hollywood stars and will offer millions of dollars for licensing

According to media reports citing sources, Meta hopes to use the voices of some Hollywood stars in its artificial intelligence projects and has offered millions of dollars in licensing fees for this purpose. Negotiations are still ongoing. People familiar with the matter said that Meta is negotiating with Judi Dench, Awkwafina and Keegan-Michael Key. Negotiations between Meta and some actors' representatives have been interrupted and restarted many times because the two sides could not reach an agreement on the terms of use of the actors' voices. Meta hopes to obtain the right to use the dubbing multiple times within a fixed period of time in a single project, while the actors' representatives are seeking stricter restrictions. (Cailian News Agency)

Investment and Financing

Small pet brand "Bukaxing" completed nearly 100 million yuan in Series A financing

36Kr learned that the small pet brand "Bukaxing" has completed nearly 100 million yuan in Series A financing, led by old shareholder Jinding Capital and followed by Chuangxiang Capital. It is reported that this round of funds will be mainly used for the construction of the second and third phases of the Shandong Industrial Park, team building, and overseas channel expansion. Bukaxing was established in 2019 and focuses on the research and development, production and sales of supplies and food for small pets such as hamsters, parrots, rabbits, and turtles.

Xpeng Huitian received US$150 million in B1 round financing and started B2 round financing

36Kr learned that Xiaopeng Huitian announced that it had received $150 million in B1 round financing and launched B2 round financing. It is about to start the construction of a flying car intelligent manufacturing base and plans to start pre-sales of the "land aircraft carrier" in the fourth quarter of this year. According to official introduction, this round of financing will ensure the smooth realization of Xiaopeng Huitian's flying car research and development, large-scale mass production and commercialization process. Xiaopeng Huitian is about to build the world's first flying car factory that uses modern assembly lines for large-scale mass production in Guangzhou Development Zone, which will first be used to produce the flying body of the split flying car "land aircraft carrier".

"Bona Biotech" completed nearly 100 million yuan in Series A financing

36Kr learned that "Bona Biotechnology" has recently completed a nearly 100 million yuan round A financing. This round of financing was led by Luxin Venture Capital, followed by Jigao Financial, and Life Capital served as the exclusive financial advisor. This round of financing will be used for technology research and development in the field of membrane separation and purification, construction of new plants and expansion of production capacity, and further laying of national sales channels. Founded in 2012, Bona Biotechnology is a high-tech enterprise focusing on membrane separation and purification, dedicated to providing membrane technology solutions while producing membrane products.

Cool Products

The world's first 18650 potassium-ion battery is launched

Group1 has launched the world's first 18650 cylindrical potassium-ion battery. As the name suggests, potassium-ion batteries use potassium ions as charge carriers. The new battery developed by Group1 uses the same size specifications as the widely used 18650 lithium-ion battery, which allows the new battery to be seamlessly integrated into existing devices and applications.

Group1 said that after years of research and development, the new battery can achieve an energy density of 160-180Wh/kg, which is comparable to lithium iron phosphate batteries. And it can still maintain a high capacity after multiple charge and discharge cycles, which is crucial for applications such as electric vehicles. In addition, the battery also has strong discharge performance and can effectively provide power when needed. It is understood that the battery operates at a nominal voltage of 3.7V, so it is compatible with modern electronic devices and systems. (IT Home)

Arrangement｜ Wu Yaoyao