On August 5, the Fortune Global 500 list was officially announced, and Pinduoduo (PDD, with a share price of US $138.04 and a market value of US $191.71 billion), as a new force in China's Internet field, entered the list for the first time. Meanwhile, Pinduoduo founder Huang Zheng topped the list of China's richest people with a net worth of 48.6 billion US dollars. This not only means the accumulation of personal wealth, but also the successful shaping of Pinduoduo's corporate brand.
Huang Zheng's success is a sample of the integration and empowerment of personal and corporate brand development for entrepreneurs. Unlike more than a decade ago when Taobao was born, Pinduoduo's main user base comes from third - and fourth tier cities. Huang Zheng defines this as dislocation competition, which precisely leads the transformation and expansion of Pinduoduo's brand. In addition, the prosperity of the enterprise has further enhanced Huang Zheng's personal brand value.
Of course, brand image is not achieved overnight and requires continuous quality assurance and market trust accumulation. Brand building also faces a process of continuous deepening and evolution. While maintaining the existing user base, further strengthening brand trust, increasing quality control efforts, deepening cooperation with high-quality suppliers, and achieving sustainable brand development are important propositions for enterprises and entrepreneurs.
Major Release
China National Offshore Oil Corporation (SH600938): Discovered the world's first ultra deep water and ultra shallow large-scale gas field
On August 7th, China National Offshore Oil Corporation (CNOOC) announced that with the completion of the review and filing by relevant national departments, the newly discovered Lingshui 36-1 gas field in the southeastern waters of Hainan Island has a proven geological reserve of over 100 billion cubic meters of natural gas, making it the world's first ultra deep water and ultra shallow large-scale gas field. So far, CNOOC has accumulated over 1 trillion cubic meters of proven natural gas geological reserves in the northern South China Sea.
Comment: This not only marks a significant breakthrough in China's deepwater oil and gas exploration technology, but also consolidates the cornerstone of the construction of the "South China Sea Trillion Atmospheric Zone". The accumulated proven reserves of over 1 trillion cubic meters demonstrate the core position of CNOOC in energy strategy, which has profound significance for safeguarding national energy security and promoting economic development.
Executive Information
Pinduoduo (PDD): Founder Huang Zheng tops China's richest man list
On August 9th, Bloomberg Billionaires Index showed that Pinduoduo founder Huang Zheng topped the list of China's richest people with a net worth of $48.6 billion, surpassing Nongfu Spring founder Zhong Suisui. Specifically, on the Bloomberg Billionaires Index, Huang Zheng ranks 25th globally, with assets about one-fifth that of the world's richest man, Elon Musk.
Comment: Bloomberg Billionaires Index is a list that provides real-time updates on the asset status of billionaires. Huang Zheng climbed to the top of China's richest man with the rise of Pinduoduo's stock price, reflecting Pinduoduo's strong growth in the e-commerce market.
Important cooperation
Trina Solar (SH688599): Signed a research cooperation agreement with the Singapore Institute of Technology and Research
Recently, Trina Solar signed a research cooperation agreement with the Singapore Science and Technology Research Council 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 globally. This research and development cooperation will last for 3 years, and both parties will carry out in-depth cooperation in the research and development of cutting-edge technologies for energy storage batteries, as well as the landing of energy industrialization. Based on the technological advantages of the Singapore Science and Technology Research Council in the fields of energy, materials, and intelligent manufacturing, both parties will continuously tackle the core technical issues in the industrialization research process of energy storage batteries.
Comment: This cooperation aims to optimize battery manufacturing technology and accelerate the green and low-carbon transformation of energy. It not only marks the deep cooperation between the two sides in the field of energy storage battery technology, but also reflects the active participation and contribution of Chinese enterprises in the global energy transition. The technological advantages of the Singapore Science and Technology Research Council will provide strong support for the industrialization research of Trina Solar's energy storage batteries, solve core technical problems, and strengthen its leadership position in the new energy industry.
Performance Announcement
Kweichow Moutai (SH600519): In the first half of the year, the operating revenue reached 81.931 billion yuan, up 17.76% year on year
On August 8, Kweichow Moutai released its semi annual report for 2024, and the company realized an operating income of 81.931 billion yuan in the first half of the year, up 17.76% year on year; The net profit attributable to shareholders of the listed company was 41.696 billion yuan, a year-on-year increase of 15.88%. Among them, Maotai liquor achieved a revenue of 68.567 billion yuan, and the series of liquors achieved a 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 the shareholders of the listed company in the current year.
Comments: Kweichow Moutai's revenue grew steadily in the first half of the year, and Maotai liquor contributed more than 80% of its revenue, demonstrating its brand strength. The net profit growth rate is slightly lower than the revenue, and the gross profit margin may face pressure for adjustment. In addition, Kweichow Moutai's massive dividend plan demonstrates its confidence in future development.
Ideal Auto-W (HK02015): Ranked first in sales among new force brands in the Chinese market for 15 consecutive weeks
On August 6th, Ideal Auto announced that in the 31st week of 2024 (July 29th to August 4th), Ideal Auto's weekly sales reached 11800 units, ranking first in sales among new force brands in the Chinese market for 15 consecutive weeks.
Comment: Ideal excellent performance, showcasing its strong product competitiveness and market recognition. Ideal Automobile focuses on the home intelligent SUV market and has built a unique competitive advantage through precise positioning and intelligent technology.
Operational measures
Tencent Holdings (HK00700): Campus Recruitment Formally Launched in 2025
On August 6, Tencent 2025 campus recruitment officially launched. This time, it will open five categories of technology, products, markets, design, and functions, and more than 70 jobs, covering consumer Internet, industrial Internet and other business forms, as well as AI, robotics, cloud computing, big data and other technical fields.
Comment: This move not only reserves talent for Tencent's future business layout, but also reflects the company's emphasis on cutting-edge technology fields such as AI and cloud computing. With the acceleration of digital transformation, Tencent attracts more young talents through campus recruitment, which helps to consolidate its leading position in the Internet industry and promote technological innovation and industrial upgrading.
JD Group 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, including Tsinghua University, Peking University, Shanghai Jiaotong University, and the University of the Chinese Academy of Sciences. It is reported that the Jingqi CTF Challenge will be launched for the first time in 2023, aiming to provide a professional competition stage and technical exchange platform for more young cybersecurity talents, explore and cultivate cybersecurity stars with solid practical abilities, accelerate the growth of China's young generation of cybersecurity talents, and help promote the development and progress of the cybersecurity industry.
Comment: The hosting of the challenge reflects JD's emphasis on cultivating cybersecurity talents. By building a professional competition platform, JD.com not only explores potential cybersecurity talents, but also promotes the integration of industry, academia, and research, accelerating technological innovation. This move is in line with JD's strategic plan to strengthen digital security and build a secure ecosystem, and is expected to provide more practical elites for JD and even the entire network security industry, helping to continuously improve network security protection capabilities.
Industrial expansion
BYD (SZ002594): Poland's first dealer store officially opens
On August 6th, BYD's first dealership in Poland officially opened. It is reported that the newly opened store is located in Warsaw, the capital of Poland, and is a modern space that combines comfort and functionality. In May of this year, BYD announced that it would launch three models in Poland: the Sea Lion, BYD SEAL U (Song PLUS EV), and Dolphin. In addition to the capital, BYD also plans to open stores in cities such as Poznan, Wroc ł aw, Krakow, and Szczecin in Poland. As of now, BYD has introduced 7 new energy vehicle models to over 20 countries in Europe.
Comment: As an important market in Central and Eastern Europe, the opening of a store in Warsaw, the capital of Poland, will lay the foundation for BYD to further expand into the European market. BYD has launched 7 new energy vehicle models to over 20 countries in Europe, demonstrating its strong competitiveness and market recognition in the field of new energy vehicles. In the future, with the continuous growth of the European new energy vehicle market, BYD is expected to achieve greater breakthroughs in the European market.
New product launch
China Unicom (SH600050): launches innovative cross-border communication product CUniq SG between China and Singapore
On August 7th, China Unicom held a new product launch event in Singapore, launching the innovative cross-border communication product CUniq SG. The CUniq SG released this time is a new mobile communication product jointly launched by China Unicom and Xinghe Telecom, providing users with "one card, two numbers" service. Users only need to apply for a phone card to have both Singapore and China phone numbers, and access data, voice, and SMS services in both countries.
Comment: China Unicom collaborates with Xinghe Telecom to launch CUniq SG, innovating the "one card, two numbers" cross-border communication service and accurately targeting the needs of cross-border individuals between China and Singapore. In the cross-border communication market, such products can effectively reduce user costs and improve communication convenience, not only expanding China Unicom's international business map, but also in line with its digital transformation and internationalization strategy direction.