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Source: Cover News

Luobokuaipao issued a statement: It has not carried out any business related to investment promotion, leasing and fund raising.

On August 12, in response to the recent illegal activities of lawbreakers developing fake websites and apps in the name of "LuoBoKuaiPao" and spreading false investment and leasing information through the Internet (social media, chat software, etc.), suspected of illegally obtaining citizens' personal information and fraud, LuoBoKuaiPao issued a solemn statement and stated that it had reported it to the relevant departments as soon as possible. LuoBoKuaiPao also made it clear in the statement that it has never carried out "investment and franchising", "leasing", "fund raising" and other related businesses by itself or authorized any third party. Data shows that LuoBoKuaiPao has issued more than 800 reports to various social media platforms, and has removed 736 rumors so far.

1688 launches free AI business assistant

On August 12, 1688 launched a "efficiency improvement and revenue increase" plan for source manufacturers in the industrial belt and released a free "AI business assistant". 1688 promised to ensure that new merchants can obtain a certain amount of orders, number of customers and reasonable profits, and all AI products for merchants are free.

Zhou Hongyi: Big model can help 360 shift from advertising model to paid subscription model

On August 12, 360 Group founder and chairman Zhou Hongyi released a video on an online social networking platform saying that big models provide two huge opportunities. He said that big models bring new commercial opportunities. Zhou Hongyi said that using big models to empower Internet users may help 360 quickly shift from an advertising model to a model where users pay for subscriptions to use various capabilities, "which can also solve the problems that advertising brings to users."

China Youzan 2024 Semi-annual Report: 7 consecutive quarters of operating profit, average merchant sales increased by 25% year-on-year

According to the news on August 12, Youzan China's total transaction volume (GMV) in the first half of 2024 was about 49.9 billion yuan, a year-on-year increase of about 2%, of which the GMV of store SaaS business accounted for 50%, a year-on-year increase of 7%. The average sales of a single merchant increased by about 25% year-on-year to 840,000 yuan. Youzan's operating profit in the first half of 2024 was about 51.22 million yuan, and it has achieved profitability for 7 consecutive quarters, exceeding the profit level for the whole year of 2023.

China Literature Group: Revenue in the first half of the year was RMB 4.19 billion, a year-on-year increase of 27.7%

On August 12, China Literature Group released its semi-annual report. The report showed that in the first half of the year, China Literature Group achieved revenue of 4.19 billion yuan, a year-on-year increase of 27.7%, of which copyright operation and other business revenue increased by 73.3%, the largest increase in three years; Non-IFRS net profit attributable to shareholders reached 700 million yuan, a year-on-year increase of 16.4%.