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[60 billion unicorn Horizon is going public in Hong Kong, Sequoia and Hillhouse are shareholders]The "intelligent driving unicorn" Horizon Robotics has passed the IPO filing of the China Securities Regulatory Commission, which means that it has obtained a pass for listing in Hong Kong. Horizon Robotics is a supplier of advanced driver assistance (ADAS) and advanced autonomous driving (AD) solutions for passenger cars, and is also one of the star projects of Baidu executives who left to start their own businesses. Since its establishment, Horizon Robotics has received multiple investments, with many star capitals among the investors. The post-investment valuation of the last round of financing exceeded US$8.7 billion (approximately RMB 62.6 billion). In September 2015, Horizon Robotics, which had just been established, completed its first round of financing. Investors include well-known institutions such as 5Y Capital, Hillhouse Capital, Sequoia China, GSR Ventures, Linear Capital, Sinovation Ventures and Zhen Fund. (Tencent)

[Dong Yuhui follows Luo Yonghao on Weibo, and the latter has publicly expressed his support many times]On August 10, Sanyan Technology noticed that Dong Yuhui's Weibo updates showed that he had recently followed Luo Yonghao's Weibo. In addition to Luo Yonghao, Dong Yuhui's current follow list also includes Yu Minhong, Xi'an International Studies University, etc. Recently, due to the "Dong Yuhui and Oriental Selection breakup" incident, Luo Yonghao once again publicly criticized Yu Minhong in the live broadcast room, and at the same time expressed his support for Dong Yuhui. When the Oriental Selection "small essay" incident occurred last year, Luo Yonghao also publicly stood on Dong Yuhui's side. In his long article responding to the "five sins" not long ago, he also pointed out that he had tried to contact Dong Yuhui and provide help and support, but Dong Yuhui did not respond at the time. (Sanyan Finance)

[Many automakers have reduced their discounts and cut production to stabilize the price system]The price war in the auto market has temporarily died down. Recently, according to news from NIO, NIO's car purchase rights will soon see a decline in the "10,000 yuan car purchase subsidy" on August 11. Ideal Auto, which has always had fewer price changes, has also recently reduced its discounts. The reporter contacted several auto brand stores as a consumer and found that in addition to these two new car companies, many joint venture brands also have reduced discounts on their models. Since July, many auto brands have stopped lowering prices or reducing discounts. Judging from the information reflected by sales staff of various brands, automakers are facing pressure to reduce inventory in the second half of the year, and the quickest way at present is to reduce production to stabilize the system. The reduction in discounts also reflects, to a certain extent, that some brands are trying to find rationality and prudence between dealer interests and sales expectations, and therefore the motivation for price competition has weakened. (The Paper)

[Tesla's low-priced pickup truck stops accepting orders, starting price raised to $100,000]On August 9, local time in the United States, Tesla's website showed that Tesla has stopped accepting orders for the cheapest version of the pickup Cybertruck, which is priced at $61,000. The $100,000 version can be ordered immediately and delivered as early as this month. Tesla previously planned to produce 200,000 Cybertrucks per year, but in October last year, Musk said that the order volume had reached 1 million. However, the high-priced version of Cybertruck has a lower range than the initial forecast, and many customers prefer the cheaper version. (Yicai)

[Paris Olympics sold over 9.5 million tickets, a record high]As the Paris Olympics is about to close, the Paris Olympic Committee said in a statement that 9.5 million tickets out of about 10 million tickets were sold for this Paris Olympics, setting a new record in Olympic history. Estanguet, president of the Paris Olympic Committee, is satisfied with the sales data. However, with only two and a half weeks left before the opening of the Paris Paralympics, only half of the tickets for the event have been sold. (Global Network)

[Luo Jian of CATL: We will never build or sell cars]On August 10, CATL New Energy Life Plaza officially opened in Chengdu, Sichuan. "CATL will not manufacture cars, that is for sure, and it will definitely be implemented." CATL CMO Luo Jian, who attended the opening ceremony of CATL New Energy Life Plaza, told reporters clearly whether CATL would manufacture cars. Luo Jian said that CATL will neither manufacture nor sell cars in the future. CATL built a new platform this time to facilitate consumers to see all brands of new energy vehicles in one stop. As for selling cars, it is still the business of new energy vehicle manufacturers. (Shanghai Securities News)

[New patent suggests that Apple is exploring the future of note-taking applications, using AI to allow users to record beautiful moments]According to the latest list published by the United States Patent and Trademark Office (USPTO), Apple has obtained a new patent, suggesting that the Journal app will soon introduce Apple Intelligence upgrades. Technology media The Mac Observer interpreted the patent, indicating that Apple hopes to achieve a more personalized and intimate Journal experience by deploying Apple Intelligence. For example, after the user completes daily exercise or takes multiple photos at the same location, the system will more actively ask the user to record a memory in the Journal app. (IT Home)

[Former Twitter chairman accuses Musk of defaulting on more than $20 million worth of stock]On August 9, local time, Omid Kordestani, former chairman of Twitter (now renamed X), sued the social platform company, claiming that its owner, Tesla CEO Elon Musk, refused to cash in more than $20 million worth of stock owed to him. Kordestani served as Twitter's executive chairman from 2015 to 2020 and served on the board for another two years until Musk acquired the platform for $44 billion. Kordestani said in the lawsuit that most of his compensation was in stock, and Musk refused to pay for it. (Jiemian News)

[Nongfu Spring's Zhong Shanshan talks about the stigma on the Internet: It can't be washed away, just let it go, the day will dawn]On the evening of August 10, in the "Dialogue" column, Zhong Shanshan, founder and chairman of Nongfu Spring, talked about his observation when he looked at traffic. If there is no one responsible for the information brought by the word traffic, and no legal responsibility needs to be borne, traffic must be evil. If traffic allows some people with private purposes or to obtain money, and use technology to exploit human weaknesses to deliberately use traffic to carry out large-scale network damage, the evil of mastering the algorithm of the water army is even greater. "I appreciate traffic and I am happy to accept it because I have time, but the time between the truth coming out has put society under tremendous pressure. The law requires prompt and timely action, and traffic should have a legal bottom line."

Zhong Shanshan said that he could not wash away the stigma on the Internet this time. "Let it be, the day will definitely come, just a little later. As long as I can hold on until the daybreak, many people would jump off the building before the daybreak, but I can hold on. The truth will definitely come, but it may be late." (Sina Finance)

[Netflix responds to the animation leak: The company was hacked in the later stage and has taken active action]Netflix has issued a statement regarding the leak of animated films and TV series, confirming that the source of the leak was IYUNO, and said that it is actively taking action to delete the relevant leaked resources. The source of the leak is IYUNO, a global entertainment technology and localization company, whose clients include Netflix and Riot Games. (IT Home)

[Guangzhou courier's "violent sorting" surveillance video sparked heated discussion, JD Logistics responded that it had punished the personnel involved] On August 10, a netizen posted a surveillance video showing that a sorter in a logistics sorting center in Baiyun District, Guangzhou City, Guangdong Province, slammed the parcels on the platform onto the conveyor belt. Due to excessive force, some small express parcels fell directly to the ground. The topic triggered by the relevant video is currently ranked third in real-time popularity on Weibo, with 2.341 million readings. After the media "Jingshi Live" tried to contact JD Logistics customer service, the customer service responded that the relevant personnel had been punished and their performance had been deducted, and such incidents would be prevented in the future. JD Logistics also stated that if consumers find that their packages are damaged during this sorting, the company will also make claims based on the product order number provided by the consumer. (Chuanguan News)

[After 8 years of mediocre performance, Microsoft's "Paint 3D" app will stop updating and be removed from the shelves on November 4]X (Twitter) blogger @phantomofearth posted a message at noon on August 10th, saying that a banner appeared in the "Paint 3D" application built into the Windows operating system, "Starting November 4, 'Paint 3D' will no longer receive version updates and will not be available in the Microsoft Store." The "Paint 3D" application was released by Microsoft in October 2016, when Microsoft was focusing on the 3D field. After releasing Hololens, Microsoft hopes that its software can also provide 3D-related functions. (Phoenix Network)

[Cisco is reported to be planning a second round of layoffs this year, which is expected to affect 4,000 employees]It is reported that Cisco is planning to launch a second round of layoffs this year after laying off 4,000 employees in February this year, which may be announced as early as next Wednesday in the fourth quarter (ending July 29). The scale of this layoff is estimated to be close to or slightly higher than that in February this year, which means that another 4,000 employees will be affected. According to the annual documents submitted by the company, the total number of employees of the company will be about 84,900 as of July 2023 (this figure does not include the layoffs in February). (NetEase)
[BMW recalls more than 100,000 vehicles in the United States, some models have fire hazards]BMW will recall more than 100,000 vehicles in the United States to address a possible overheating problem with the starter motor. It is reported that the recall involves 14 models including the 2019 and 2020 BMW X5, X7, 3 Series, and 7 Series. US regulators said that if the starter motor fails, repeated attempts to start the vehicle may cause the starter motor to overheat, and in the worst case, it may cause a fire in the engine compartment. (CCTV Finance)

[India's largest IPO this year was born, and the serial entrepreneur was hailed as India's "Musk"]On August 10, India's largest IPO of the year, Ola Electric, was listed on the local Indian market yesterday. As of the close, the company's stock price soared 20%, with a market value of US$4.8 billion. This is the largest IPO in India since the $2.7 billion stock offering of India's state-owned life insurance company in 2022. Ola Electric's cheapest scooter costs about US$900, which is about 20% to 30% lower than the price of its competitors' products. The company's founder, Aggarwal, graduated from the Indian Institute of Technology Bombay and then joined Microsoft Research India. Aggarwal is outspoken and has a personality similar to Elon Musk. He often discusses on social media and blogs how his company contributes to India's economic growth, and is an active supporter of the Modi government's goal of promoting local manufacturing. (Securities Times)

[Activist investor Starboard Value reportedly acquires stake in Starbucks]Activist investor Starboard Value has taken a stake in Starbucks and wants the company to take steps to boost its share price, according to people familiar with the matter. It is not clear how big the stake is and what its specific requirements are. Starboard, run by Jeff Smith, invests in a variety of industries but is particularly active in the technology sector. (Sohu)

[Three Brothers Trucks Completes Pre-A Round of Financing of Tens of Millions of Yuan]Recently, Three Brothers Trucks completed a Pre-A round of financing worth tens of millions of yuan, led by Yushi Fund, followed by Tianjin Science and Technology Angel and well-known angel investors. The funds from this round of financing will be used for product upgrades, organizational upgrades and commercial deployment. Three Brothers Trucks was founded in Beijing in 2018 and will move into Tianjin Tiankai Park at the end of 2023. (Rui Beast AnalysisClick here to see more)

[Keep releases its first smart sports watch, Keep Watch Pilot 1, priced at 1,299 yuan]Keep released a new smart wearable device, the Keep Watch Pilot 1 smart sports watch, and officially announced that Zhang Deshun, a Chinese marathon runner and the Chinese women's half marathon record holder, will be the spokesperson for the Keep Watch Pilot 1 product. The Keep Watch Pilot 1 is the first watch product launched by Keep, focusing on scientific running and easy advancement, accompanying every runner from entry-level to advanced level in one step. (Sina Finance)

[The global version of Lantu Zhiyin will be released overseas in mid-September]The reporter learned that the global version of Lantu's new pure electric SUV Lantu Zhiyin will be officially released overseas in mid-September. Previously, there was news that Lantu Zhiyin will start pre-sale in China in August. (Daily Economic News)

2024 Chinese Valentine's Day box office exceeds 300 millionAccording to Maoyan Professional Edition data, as of 19:10 on August 10, the total box office for the 2024 Chinese Valentine's Day (August 10) exceeded 300 million! "White Snake: Floating Life", "Catching Dolls" and "Reverse Life" temporarily ranked the top three in the box office list of the period. (Jiemian News)