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On August 5, the Fortune Global 500 list was officially announced. Pinduoduo (PDD, stock price $138.04, market value $191.71 billion), as a new force in China's Internet field, entered the list for the first time. At the same time, Pinduoduo founder Huang Zheng topped the list with a net worth of $48.6 billion. This not only means the accumulation of personal wealth, but also means the successful shaping of Pinduoduo's corporate brand.

Huang Zheng's success is a sample of the mutual integration and empowerment of the personal brand of entrepreneurs and the development of corporate brands. Unlike Taobao, which targeted second- and third-tier cities when it was born more than a decade ago, Pinduoduo's main user base comes from third- and fourth-tier cities. Huang Zheng defines this as misaligned competition, which accurately leads the transformation and expansion of Pinduoduo's brand. In addition, the prosperity of the company has further enhanced Huang Zheng's personal brand value.

Of course, brand image is not achieved overnight. It requires continuous quality assurance and accumulation of market trust. Brand building also faces a process of continuous deepening and evolution. While maintaining the existing user base, further strengthening brand trust, increasing quality control, deepening cooperation with high-quality suppliers, and achieving sustainable brand development are important issues for enterprises and entrepreneurs.

Major Releases

CNOOC (SH600938): Discovered the world's first ultra-deepwater ultra-shallow large gas field

On August 7, CNOOC announced that with the completion of the review and filing by relevant national departments, the Lingshui 36-1 gas field recently discovered by CNOOC in the southeastern waters of Hainan Island has proven geological reserves of over 100 billion cubic meters of natural gas, making it the world's first ultra-deepwater and ultra-shallow large-scale gas field. So far, CNOOC has cumulatively proven geological reserves of over 1 trillion cubic meters of natural gas in the northern South China Sea.

Comment: This not only marks a major breakthrough in my country's deepwater oil and gas exploration technology, but also consolidates the foundation for the construction of the "South China Sea Trillion-Dollar Gas Zone". The cumulative proven reserves of over 1 trillion cubic meters demonstrate the core position of CNOOC in the energy strategy, which has far-reaching significance for ensuring national energy security and promoting economic development.

Executive Information

Pinduoduo (PDD): Founder Huang Zheng becomes China's richest man

On August 9, the Bloomberg Billionaires Index showed that Pinduoduo founder Huang Zheng topped the list of China's richest people with a net worth of US$48.6 billion, surpassing Nongfu Spring founder Zhong Shanshan. Specifically, Huang Zheng ranked 25th in the world on the Bloomberg Billionaires Index, with assets about one-fifth of the world's richest man Musk.

Comment: The Bloomberg Billionaires Index is a real-time updated list of the assets of the rich. Huang Zheng became China's richest man thanks to the rise in Pinduoduo's stock price, reflecting Pinduoduo's strong growth in the e-commerce market.

Important cooperation

Trina Solar (SH688599): Signed a research collaboration agreement with the Agency for Science, Technology and Research (A*STAR) of Singapore

Recently, Trina Solar and the Agency for Science, Technology and Research (A*STAR) of Singapore signed a research cooperation agreement to jointly promote the optimization and upgrading of battery manufacturing technology in the industry and contribute to the green and low-carbon transformation of energy in China, Singapore and the world. This R&D cooperation will last for three years, and the two parties will carry out in-depth cooperation in the research and development of cutting-edge technologies for energy storage batteries and the implementation of energy industrialization. Relying on the technological advantages of the Agency for Science, Technology and Research (A*STAR) in the fields of energy, materials, and intelligent manufacturing, the two parties will continue to tackle the core technical issues in the research process of energy storage battery industrialization.

Comment: This cooperation aims to optimize battery manufacturing technology and accelerate the green and low-carbon transformation of energy. It not only marks the in-depth cooperation between the two parties in the field of energy storage battery technology, but also reflects the active participation and contribution of Chinese companies in the global energy transformation. The technological advantages of the Agency for Science, Technology and Research of Singapore will provide strong support for Trina Solar's energy storage battery industrialization research, solve core technical problems, and strengthen its leadership in the new energy industry.

Results Announcement

Kweichow Moutai (SH600519): operating revenue in the first half of the year was 81.931 billion yuan, a year-on-year increase of 17.76%

On August 8, Kweichow Moutai released its 2024 semi-annual report. The company achieved operating income of 81.931 billion yuan in the first half of the year, a year-on-year increase of 17.76%; net profit attributable to shareholders of listed companies was 41.696 billion yuan, a year-on-year increase of 15.88%. Among them, Moutai achieved revenue of 68.567 billion yuan, and series of wines achieved revenue of 13.147 billion yuan. In addition, the company's board of directors has formulated a cash dividend return plan for 2024~2026. According to the plan, the total amount of cash dividends distributed by the company each year shall not be less than 75% of the net profit attributable to shareholders of listed companies in that year.

Comments: Kweichow Moutai's revenue grew steadily in the first half of the year, with Moutai liquor contributing more than 80% of its revenue, demonstrating its brand strength. Net profit growth was slightly lower than revenue, and gross profit margin may face pressure for fine-tuning. In addition, Kweichow Moutai's generous dividend plan demonstrates its confidence in future development.

Ideal Auto-W (HK02015): ranked first in sales among new power brands in the Chinese market for 15 consecutive weeks

On August 6, Ideal Auto announced that in the 31st week of 2024 (July 29th to August 4th), Ideal Auto's weekly sales reached 11,800 vehicles, ranking first in sales among new force brands in the Chinese market for 15 consecutive weeks.

Comment: Ideal's outstanding performance demonstrates its strong product competitiveness and market recognition. Ideal Auto focuses on the family smart SUV market and has built a unique competitive advantage with precise positioning and intelligent technology.

Operational measures

Tencent Holdings (HK00700): 2025 campus recruitment officially launched

On August 6, Tencent's 2025 campus recruitment was officially launched. This time, five major categories, including technology, products, marketing, design, and functions, and more than 70 positions will be opened, covering business forms such as consumer Internet, industrial Internet, as well as technical fields such as AI, robotics, cloud computing, and big data.

Comment: This move not only reserves talents for Tencent's future business layout, but also reflects the company's emphasis on cutting-edge technology fields such as AI and cloud computing. As digital transformation accelerates, Tencent attracts more young talents through campus recruitment, which will help consolidate its leading position in the Internet industry and promote technological innovation and industrial upgrading.

JD.com-SW (HK09618): 2024 Jingqi CTF Challenge officially held

From August 4 to August 5, the 2024 Jingqi CTF Challenge hosted by JD Group was officially held, attracting 647 geek teams from nearly 140 universities such as Tsinghua University, Peking University, Shanghai Jiaotong University, and University of Chinese Academy of Sciences. It is reported that the Jingqi CTF Challenge was first launched in 2023, aiming to provide a professional competition stage and technical exchange platform for more young cybersecurity talents, discover and cultivate new cybersecurity stars with solid practical capabilities, accelerate the growth of China's young generation of cybersecurity talents, and help promote the development and progress of the cybersecurity industry.

Comment: The holding of the challenge reflects JD.com's emphasis on the cultivation of cybersecurity talents. By building a professional competition platform, JD.com not only taps into potential cybersecurity talents, but also promotes the integration of industry, academia and research, and accelerates technological innovation. This move is in line with JD.com's strategic plan to strengthen digital security and build a security ecosystem, and is expected to deliver more practical elites to JD.com and the entire cybersecurity industry, helping to continuously improve cybersecurity protection capabilities.

Industry Expansion

BYD (SZ002594): The first dealer store in Poland officially opened

On August 6, BYD's first dealer store in Poland officially opened. It is reported that the store opened this time is located in Warsaw, the capital of Poland, and is a modern space that combines comfort and functionality. In May this year, BYD announced that it would launch three models in Poland, namely the Seal, BYD SEAL U (Song PLUS EV) and Dolphin. In addition to the capital, it also plans to open stores in cities such as Poznan, Wroclaw, Krakow and Szczecin in Poland. So far, BYD has launched 7 new energy models in more than 20 countries in Europe.

Comment: Poland is an important market in Central and Eastern Europe. The opening of the store in Warsaw, the capital of Poland, will lay the foundation for BYD to further expand its European market. BYD has launched 7 new energy vehicle models in more than 20 countries in Europe, demonstrating its strong competitiveness and market recognition in the field of new energy vehicles. In the future, with the continued growth of the European new energy vehicle market, BYD is expected to make greater breakthroughs in the European market.

New product launch

China Unicom (SH600050): Launches CUniq SG, an innovative cross-border communication product between China and Singapore

On August 7, China Unicom held a new product launch conference in Singapore and launched the innovative cross-border communication product CUniq SG. CUniq SG is a new mobile communication product jointly launched by China Unicom and StarHub Telecom, providing users with a "one card, two numbers" service. Users only need to apply for a phone card to have mobile phone numbers in Singapore and China at the same time, and obtain data, voice and SMS services in both China and Singapore.

Comments: China Unicom and StarHub Telecom jointly launched CUniq SG, an innovative "one card, two numbers" cross-border communication service, precisely meeting the needs of cross-border people in China and Singapore. In the cross-border communication market, such products can effectively reduce user costs and improve communication convenience, which not only broadens China Unicom's international business territory, but also conforms to its digital transformation and internationalization strategy.

Daily Economic News