He Xiaopeng: The vehicle model jointly developed with Volkswagen Group is accelerating
According to Donews, on the afternoon of October 12th, Xiaopeng Automobile Chairman He Xiaopeng posted on Weibo that he visited the headquarters of Volkswagen Group Wolfsburg at the end of September. He Xiaopeng said, "In the past few months, the car models we have jointly developed have been accelerating. The technical teams of both sides, like an entrepreneurial team, are fully committed and advancing at full speed to achieve common goals. The strategic cooperation promoted in the supply chain will bring us the potential for common cost reduction
Tmall Supermarket and Cainiao announced the full launch of 20 cities nationwide. Half day delivery: buy in the morning, arrive in the afternoon
According to Sina Technology, on the morning of October 12th, Tmall Supermarket and Cainiao announced the launch of Beijing's half day Dakai City. Beijing citizens can receive express delivery within half a day by shopping through Tmall Supermarket, achieving morning, afternoon, evening, and morning purchases. According to reports, with the launch of Tmall Supermarket's Beijing Half Day Express, 20 cities across the country, including Guangzhou, Shenzhen, Shanghai, Hangzhou, Chengdu, Dongguan, Huizhou, Foshan, Jinhua, Nanchang, Changsha, Wuhan, Suzhou, Wuxi, Quanzhou, Zhengzhou, Hefei, etc., have also fully launched half day express services.
Baidu will launch its first AI native map lane level navigation plan to cover over 100 cities within the year
According to the Shanghai Securities News, Shang Guobin, vice president of Baidu, disclosed on October 11 that Baidu is about to launch a new AI native map, which will comprehensively use the Wenxin large models to reconstruct the product interaction of the map and bring new experience to users. Users can awaken various functions and services buried in the map through natural language dialogue, further improving travel and decision-making efficiency.
The official signing of the privatization agreement by Pan Sheng Zi is expected to be completed in the first quarter of 2024
According to the 21st century, Pan Sheng Zi announced that it has officially signed a privatization merger agreement. The agreement shows that the purchase price for each ordinary share is $0.272, and the purchase price for each American Depositary Stock ("ADS", where each ADS represents 5 ordinary shares, is $1.36. As of October 11, 2023, the last trading day before the announcement, the premium was 42%. The announcement states that the privatization transaction is expected to be completed in the first quarter of 2024. Pan Sheng Zi is a cutting-edge cancer precision medical company in the world, providing products and services covering the entire cancer cycle, including early cancer screening, diagnosis and monitoring, drug research and development services, and comprehensively covering the top ten cancer species in China. Pan Sheng Zi successfully listed on NASDAQ in 2020, but in recent years, with the increasingly complex international environment and various uncertainties, and the global economy facing a downturn, privatization may be a turning point.
Expose that someone inside Xiaopeng's car has embezzled Wang Fengying for meritorious deeds
According to Zhongguancun Online, recently, Xiaopeng Automobile Company issued an internal document stating that an employee in the procurement department has been suspended and has begun to cooperate with the investigation. This incident has involved multiple levels of Xiaopeng Automobile, and even the police have intervened in the investigation. It is reported that the person involved in the case is Li Feng, the head of the procurement department. He is not only responsible for the company's procurement department, but also serves as the vice president of Xiaopeng Automobile. This anti-corruption action is related to Xiaopeng Automobile's previous high cost of component procurement. According to sources, before Wang Fengying took office, Xiaopeng Automobile's component procurement prices were 20% -50% higher than those of its peers. He Xiaopeng has publicly revealed that Wang Fengying told him after taking office that the seats purchased by Xiaopeng Automobile are 1200 yuan more expensive than the normal price per set.
Alibaba and Qiaozhijia Joint Venture Increase Capital to 1.9 Billion
According to the Tianyancha App, recently, there has been a change in the industrial and commercial aspects of the company, with its registered capital increasing from approximately 1.49 billion RMB to approximately 1.92 billion RMB, an increase of approximately 28.96%. At the same time, the legal representative and several key personnel have also undergone changes. The company was established in February 2018, and its business scope includes computer system services, computer animation design, interior decoration design, architectural decoration design, etc. It is jointly held by Beijing Xiaozhijia (000785) Business Consulting Co., Ltd. and Alibaba Network Technology Co., Ltd.
Tencent Launches Digital RMB Smart Contract Enterprise Credit Solution
According to 36 Kr, Tencent Digital RMB Smart Contract Enterprise Credit Solution was released at the China (Beijing) Digital Finance Forum. The Tencent Digital RMB project is jointly operated by Tenpay and WeChat Bank. Under the guidance of the Digital Currency Research Institute of the People's Bank of China, the Tencent Digital RMB project team has customized and developed this solution for WeChat Bank's small and micro enterprise customers. On the basis of stable operation, we will work with more commercial banks and industry partners to expand the application scope and assist in the promotion and application of digital RMB.
GAC Group: Proposed to invest no more than 149 million US dollars in Didi Autonomous Driving Company
GAC Group announced that the board of directors has agreed to jointly establish a special fund with a scale of no more than 155 million US dollars and an equivalent amount of RMB, jointly funded by its wholly-owned subsidiary GAC Capital Co., Ltd. and Guangzhou Development Zone Investment Group Co., Ltd., in an equal proportion. The investment in Didi Autonomous Driving Company shall not exceed 149 million US dollars. Among them, our company has made a special capital increase of no more than 75 million US dollars or equivalent to the wholly-owned subsidiary Guangqi Capital Co., Ltd., to establish a special fund and participate in this investment.
The Chairman of the Malaysian E-commerce Commission stated that banning TikTok e-commerce will seriously harm the interests of businesses
According to Interface News, in early October, there were reports that Malaysia may follow Indonesia's example in banning TikTok e-commerce. On October 11th, Ganesh Kumar Bangah, Chairman of the Malaysian E-commerce Commission, stated that banning TikTok e-commerce would cause serious damage to small and medium-sized enterprises, short video creators, and e-commerce practitioners. On September 27th, Indonesia issued its first ban, requiring TikTok to divest social media and e-commerce functions. Some businesses have bluntly stated that the government's ban has cut off their livelihoods. After Indonesia, multiple Southeast Asian countries are also following up on the investigation of TikTok.
Morgan Stanley: Upgrades China's Online Game Revenue Growth Forecast to 15% This Year
According to Sina Technology and Morgan Stanley's report citing Gamma Data (CNG), China's online game revenue in August maintained a stable two-year compound annual growth rate of 7%, an increase of 8% compared to July, and an increase of 2% compared to the second quarter, an improvement from a decrease of 6% compared to the first quarter, mainly driven by mobile game revenue. The bank has raised its forecast for the growth of online gaming revenue in mainland China this year from an annual increase of 10% to 15%, with mobile gaming revenue expected to increase by 20% annually; And it is expected that growth will accelerate in the second half of the year.