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【Technology Circle】

On August 5, the latest Fortune Global 500 list was released. Among the top ten companies, Amazon and Apple are on the list, ranking 2nd and 7th respectively, while Google and Microsoft are ranked 17th and 26th respectively. Nvidia is on the list for the first time and ranks 222nd, the highest ranking among the companies that made the list for the first time this year. The top Chinese technology companies include Hon Hai Precision (32nd), JD.com (47th), China Mobile (55th), Alibaba (70th), Huawei (103th), etc. The overall growth of large companies in the Internet field has increased. Among the five Chinese Internet giants, Alibaba has dropped by two places, while the rankings of JD.com, Tencent and Meituan have all improved. At the same time, Pinduoduo has made the list for the first time.

Lei Jun enters the live streaming market: Xiaomi wristband is now available on his personal Douyin account

On August 5, Xiaomi CEO Lei Jun 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" has been launched in his product showcase, priced at 249 yuan, and can be ordered directly. Currently, Lei Jun has a total of 28.441 million fans. (The Paper)

Honor plans to launch an IPO in due course after launching its share reform in the fourth quarter of this year

On the afternoon of August 5, in response to rumors about its listing, Honor told reporters 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)

Recently, there have been reports that Apple will assemble the high-end models of the iPhone 16 series, iPhone 16 Pro and iPhone 16 Pro Max, in India through its partners this year. In this regard, Dan Ives, an analyst at Wedbush Securities, told the First Financial reporter, "I think India can produce some basic models or other parts of Apple hardware. But high-end models such as Pro and Pro Max will continue to be produced in China, and we haven't seen any changes."

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.

Musk has reportedly reopened his lawsuit against OpenAI and its CEO Sam Altman, saying OpenAI puts profits and commercial interests above the public interest.

OpenAI recently announced that they are developing an advanced text watermarking technology that aims to add a "digital fingerprint" to the content generated by its popular artificial intelligence model ChatGPT. This technology will embed an invisible watermark in the text by making subtle adjustments to the way ChatGPT chooses words, which can be detected by a separate tool in the future. According to OpenAI, the key to this technology lies in its subtlety and invisibility, which will provide strong support for copyright protection and content tracing.

【internet】

Tencent participated in Kimi Development Company's $300 million financing? Dark Side of the Moon: No comment

On August 5, it was reported that Tencent participated in a $300 million financing round for Moonshot AI, a domestic artificial intelligence unicorn and developer of Kimi smart assistant. In response, Moonshot AI said: "We will not comment on the financing news." (The Paper)

On August 5, according to a report released by Statcounter, in July 2024, Microsoft Edge browser set a new record in the desktop browser market, with a share of 13.74%. However, Google Chrome is still the leader in the desktop market, with a share of 64.72%. Apple Safari, Mozilla Firefox and Opera ranked third, fourth and fifth, with shares of 9.1%, 6.64% and 2.91% respectively.

According to the European Commission website on August 5, TikTok has promised to permanently withdraw the TikTok Lite reward program from the EU market to address the issues raised by the European Commission in the lawsuit filed on April 22 and ensure compliance with the Digital Services Act (DSA). TikTok promised to permanently withdraw the TikTok Lite reward program from the EU and will not launch any other circumvention plans. The European Commission stated that any future violations of the commitment will immediately constitute a violation of the DSA and may result in a fine. With the above decision, the European Commission ended the lawsuit filed against TikTok in April, which was also the first case settled under the EU Digital Services Act.

【Automotive Circle】

On August 5, Fortune magazine released the 2024 World Top 500 list, and ten Chinese auto and auto parts companies were shortlisted. Among them, SAIC is the only automaker to enter the top 100, followed by FAW; many private automakers and auto parts companies showed strong growth momentum: BYD was the company with the strongest growth last year, with revenue increasing from US$63 billion to US$85.1 billion, and its ranking rose by 69 places; Geely Automobile rose by 40 places, with revenue increasing from US$60.4 billion to US$70.4 billion. In addition, Chery Automobile made the list for the first time, ranking 385th with revenue of US$39.1 billion.

Recently, the second-instance judgment of the defamation case between Tesla and Xi'an Li Mou was made. The amount of compensation that Li Mou should pay to Tesla was adjusted from 2,000 yuan in the first instance to 70,000 yuan. At the same time, the judicial appraisal agency entrusted by the court appraised the vehicle involved in the case. The appraisal opinion was: the current technical condition of Tesla's vehicle braking system is normal and effective without any faults, and there is no situation where the brake pedal cannot be stepped on and the braking efficiency is reduced, which meets the relevant technical standards.

On August 5, Xiaopeng Huitian announced that it had received $150 million in B1 round financing and launched B2 round financing at the same time. 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". Xiaopeng Huitian founder Zhao Deli said that 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.

On the morning of August 5, Evergrande Auto issued an announcement 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.

Will Audi and SAIC change the logo of their co-branded models? All three parties responded: No relevant news has been released

Recently, there was news that the new electric car model jointly developed by Audi and SAIC will change its logo and will not display Audi's iconic "four rings" logo. The report said that the reason for canceling the Audi "four rings" logo was for brand image considerations. In response to this, the reporter contacted SAIC, Audi China and SAIC Audi for verification, and all three parties said: "There is no official news to be announced at present." (Daily Economic News)

【Real Estate Industry】

Wanda Group established a new corporate management company in Zhuhai

Aiqicha App shows that Zhuhai Shengxin Enterprise Management Co., Ltd. was established recently. The legal representative and chairman is Wang Jianlin, with a registered capital of 10 million yuan. The business scope includes enterprise management, security consulting services, business secretary services, property management, data processing and storage support services, unit logistics management services, corporate headquarters management, etc. Shareholder information shows that the company is wholly owned by Dalian Wanda Group Co., Ltd.

China Evergrande announced on the Hong Kong Stock Exchange that on March 22, 2024, the liquidator, in the name of the company, commenced legal proceedings in the High Court of the Hong Kong Special Administrative Region (the High Court) against three defendants, namely Xu Jiayin, the company's former chief executive Xia Haijun and the company's former chief financial officer Pan Darong. 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, the company seeks to recover from the seven defendants (including) dividends and remuneration paid by the company based on the financial statements for the fiscal years ending December 31, 2017 to December 31, 2020, which they claimed were misreported, totaling approximately US$6 billion. The shares continue to be suspended until further notice.

【Gaming Circle】

Blizzard China: Working closely with NetEase to continuously optimize the domestic gaming experience

Regarding the long waiting time for players after the recent restart of World of Warcraft in China, on August 5, a Blizzard China official told reporters, "We have always been deeply moved and inspired by the enthusiasm of Chinese players for World of Warcraft. We are also very excited about the recent relaunch of World of Warcraft, because our Chinese players can reunite and play with their friends and family in Azeroth again. We are also working closely with NetEase, leveraging NetEase's local expertise, listening to the voice of the player community, and striving to continuously optimize the gaming experience of the Chinese server." (Securities Times)

Aviation Industry

Starting from August 5, China Eastern Airlines C919 will operate the "Beijing-Shaanxi Express"

We learned from China Eastern Airlines that C919 will start flying a new route between Xi'an Xianyang and Beijing Daxing starting from August 5. This is the fifth commercial regular route of China Eastern Airlines C919 after flying Shanghai Hongqiao-Chengdu Tianfu, Shanghai Hongqiao-Beijing Daxing, Shanghai Hongqiao-Xi'an Xianyang, and Shanghai Hongqiao-Guangzhou Baiyun. (CCTV News)

Lufthansa to continue suspending flights to Middle East

On August 5, local time, Lufthansa announced that due to the current tense security situation in the Middle East, it will continue to suspend flights from Germany to Tel Aviv, Israel, Beirut, Lebanon, and Tehran, Iran until August 12. Lufthansa's Swiss International Airlines and Austrian Airlines aircraft will also avoid Iranian and Iraqi airspace when flying. (CCTV News)

【new energy】

LONGi Green Energy established a photovoltaic technology company with RMB 150 million

Aiqicha App shows that Ningxia Longsheng Photovoltaic Technology Co., Ltd. was established recently, with Chang Pengfei as the legal representative and a registered capital of RMB 150 million. Its business scope includes photovoltaic equipment and component manufacturing, battery manufacturing, electronic components and electromechanical assembly equipment sales, electronic product sales, solar power generation technology services, and emerging energy technology research and development. The equity penetration chart shows that the company is wholly owned by Longi Solar Technology Co., Ltd., which is a wholly-owned subsidiary of Longi Green Energy Technology Co., Ltd.

Editor on duty: Qisan