Jinri Toutiao
1. National Bureau of Statistics: China’s economy is stable and improving, and the fundamentals remain unchanged
On May 16, Fu Linghui, spokesperson for the National Bureau of Statistics, introduced the operation of the national economy in April at the press conference of the State Council Information Office. Fu Linghui said that April was affected by the epidemic and had a great impact on the operation of the economy. For example, the added value of industries above designated size in the country fell by 2.9% year-on-year in April, and the total retail sales of consumer goods fell by 11.1% year-on-year. However, he believes that China’s economy is large in size and has strong resilience to risk shocks. The fundamentals of the economy remain unchanged. With the improvement of the epidemic in regions such as the Yangtze River Delta, the main data of the national economy in May may improve.
2. Shanghai will resume production and living order in three phases
On May 16, Shanghai’s COVID-19 epidemic prevention and control press conference said that from that day, Shanghai will resume normal production and life order in three stages. According to Zong Ming, deputy mayor of Shanghai, the first stage of the three stages is to consolidate the results of the "ten major actions" of clearing and zero, focusing on reducing new additions, preventing rebounds, continuously reducing sealed control areas, and maintaining low-level social activities in the city; the second stage is to switch to normalization prevention and control, and continuously reduce the scope of sealed control areas and control areas until the lifting of the seal; the third stage is to strictly prevent epidemic rebound and fully restore the normal production and life order of the city under the premise of controllable risks. (Xinhuanet)
Company News
Tencent employees over 30 years old account for nearly 60%, with an annual attrition rate of 12.37%.
On May 16, Tencent released the "Tencent Sustainable Social Value Report 2021". Pony Ma said that Tencent should do difficult and correct things. The report shows that the total number of Tencent employees in 2021 is 68,226, and the number of employees over the age of 30 is 39,618, accounting for 58.1%, nearly 60%. In terms of the ratio of men and women, Tencent has 48,406 male employees, 2.4 times the number of female employees, accounting for 70.9% of the total number of employees. In 2021, the annual attrition rate of Tencent employees was 12.37%, a slight increase from the previous year.
4. Hou Yi steps down as chairperson of Hangzhou Hema Company
According to Tianyancha, Hangzhou Hema Network Technology Co., Ltd. has undergone industrial and commercial changes recently. Hou Yi, CEO of Hema, stepped down as chairperson, Yan Xiaolei, Shang Dachun, etc. withdrew from the positions of directors and managers, and Ca Mau was added as the legal representative, executive director and general manager. According to Caishi Media, which checked with the relevant responsible personnel of Hema, the other party said that he only stepped down as chairperson of Hangzhou Hema, which is a normal change of the company.
5. Hengda Real Estate was again enforced 1.69 billion, and the cumulative implementation was 13.40 billion
Public information shows that recently, Hengda Real Estate Group Co., Ltd. has added more information to be executed, among which the latest execution target is 1.69 billion yuan. The enforcement court is the Guangzhou Intermediate People’s Court, and the four companies that are executed are all Hengda affiliates. As of now, Hengda Real Estate Group Co., Ltd. has been executed with a total target of more than 13.40 billion yuan.
6. Douyin launched the "interest matching" function
According to Xinyan Financial News, Douyin App recently added an "interest matching" function in the upper window of its "message" page. It is reported that this function focuses on interest social networking based on short video content, with features such as "anonymous chat", "interest matching to watch together" and "voice chat". According to the experience, the social gameplay mainly revolves around the currently playing short video content as interest points, and then matches through the system to know users who watch the current short video content in the same time period.
7. JPMorgan Chase collectively upgraded the ratings of Alibaba, Tencent, Baidu and other companies
JPMorgan Securities joint stock company upgraded the rating of large Internet companies such as Ali and Baidu on the 16th. Upgraded Ali ADR rating to "overweight"; upgraded Baidu ADR rating to "neutral", target price of 125 US dollars; upgraded Bilibili H share rating to "neutral"; upgraded Tencent rating to "overweight", target price of 470 Hong Kong dollars; upgraded NetEase rating to "overweight", target price of 185 Hong Kong dollars; upgraded Meituan rating to "overweight", target price of 220 Hong Kong dollars.
8. Autonavi’s "nucleic acid map" was officially launched, covering more than 350 cities across the country
On May 16, Autonavi Maps announced the official launch of the "nucleic acid map", which has now covered more than 350 cities. Search for "nucleic acid map" on the homepage of Autonavi to view the distribution of nucleic acid sampling points around you and your city. (interface)
9. Xiangxun Company Statement: I apologize, the content of the article is seriously inconsistent with the facts
On the afternoon of May 16, the official account of a technology company was suspected of being issued by the original technical staff, wishing the company "an early bankruptcy". The article said that the company had asked the technical team to develop the Xiangxun APP within 20 days and work overtime all night every day; later, in the process of fixing the bug, it continued to pressure, and also asked to complete the im instant message function within a week. The article finally said that the team was fired en masse. In response, Xiangxun issued a statement saying that the content of the WeChat article was seriously inconsistent with the facts.
10. Hengchi 5 will start pre-sale on May 20, and first rely on online car-hailing to boost sales
According to reports, Hengchi 5 will start pre-sale on May 20, with a deposit of 1,000 yuan. At the same time, Hengchi 5 does not accept "using commercial tickets to arrive at the car", which also breaks the speculation that "Evergrande will use the car to repay debts". No blind booking information and entrance of Hengchi 5 have been found through the official website of Hengchi Automobile, APP, Mini Program and other official channels. As of now, only appointment registration can be made. Hengchi official customer service responded that it has not started booking yet. Some employees revealed that buying a car through employee recommendation is estimated to give consumers thousands of yuan back. Some netizens ridiculed, "The routine of selling a house, selling a car and then using it". (Future Car Daily)
11. Tesla recalls 100,000 cars
On May 16, Tesla filed a recall of 107,293 electric vehicles with the State Administration for Market Regulation, involving some domestic Model 3 and Model Y produced between October 19, 2021 and April 26, 2022.
12. Two executives left, and Twitter suspended most of its hiring efforts
According to foreign media reports, a Twitter spokesperson said that the company has suspended most recruitment efforts except for "business-critical" positions and is cutting other non-labor costs. Meanwhile, Kevin Beckpool, general manager of Twitter’s consumer business, and Bruce Falk, head of revenue products, announced their departure via Twitter on Thursday. The news was also confirmed by a Twitter spokesperson.
13. Foreign media: Coca-Cola employees are not allowed to buy competing products
According to foreign media reports, Coca-Cola employees are required to strictly prohibit the consumption of Pepsi drinks. A person claiming to be a Coca-Cola employee shared the non-disclosure agreement signed by the employees on the Q & A website. He said the non-disclosure agreement requires that they are not allowed to buy or drink competitors’ drinks during work hours or face dismissal. At present, Coca-Cola has not commented on this.
14. Hello was accused of false lottery, lawyer: It has violated the relevant provisions of the Advertising Law
Recently, the official Weibo of Hello Bicycle released a lottery information. The copy said that the red envelope of (1 + 2 +… + 365) yuan was drawn through forwarding and diffusion, but the winning user only received 368 yuan in the end. Hello said that it had replied to a user in the comment area that the red envelope was only 368 yuan, but the parties did not see it, so there was a misunderstanding. The lawyer said that Hello has violated the relevant provisions of the Advertising Law and must not contain false or misleading content.
15. In 1992, the starting price of Moutai was 39.99 million yuan, and the price rose 45 times in 30 years
Recently, according to media reports, the world is limited to 10 bottles of Handy Moutai, one of which is the first online auction, starting at 39.99 million yuan. Industry insiders said that Handy Moutai was launched in 1992, only 10 bottles were produced, and the remaining 9 bottles have been sold in Hong Kong. In the late 1990s, it was auctioned at a high price of 1 million Hong Kong dollars. In 30 years, the price valuation has risen 45 times.
16. Haidilao awarded compensation 950,000 cattle
The case of Sichuan Haidilao Company v. Hebei Xiaofang Niu Company for trademark infringement and unfair competition has been decided recently. The Beijing Dongcheng District Court ruled that Hebei Xiaofang Niu Company should stop the use of the case, publicly eliminate the impact and compensate Haidilao Company for economic losses and litigation expenses of 950,000 yuan. After the case was pronounced, the original and the defendant did not file an appeal, and the case has now come into effect. Xiaofang Niu said that it fully accepts and respects the judgment, and has removed all its restaurant decoration and WeChat official account "Haidilao in the cooking industry" and other promotional terms, and apologized to Haidilao.
17. Nayuki fined for expired milk
Recently, the Tianjin Heping District First Branch of Beijing Nai Xue Catering Management Co., Ltd. was fined 5,000 yuan by the Tianjin Heping District Market Supervision and Administration Bureau for handling food that exceeded the shelf life, and an expired bottle of opened milk was confiscated, according to reports. It is worth mentioning that this is not the first time Nai Xue has encountered food safety problems. Last year, Xinhua News Agency reported that reporters went undercover at two Nai Xue stores in Beijing and found many food safety problems in the stores.
18. Uber: Will Launch US Truck and Bus Rental Service
Uber will partner with self-driving company Motional and robotic sidewalk delivery start-up Serve Robotics to pilot autonomous food delivery in two California cities. In addition, Uber will launch an in-app US van and bus rental service through American Coach.
19. Oil prices rose for the eighth time this year, and it will cost 11 yuan more to fill up a tank of No. 92 gasoline from now on
Domestic gasoline and diesel prices rose by 285 yuan and 270 yuan per ton respectively. On average across the country: No. 92 gasoline rose by 0.22 yuan per liter; No. 95 gasoline rose by 0.24 yuan per liter; No. 0 diesel rose by 0.23 yuan per liter. (People’s Daily Online)
20. our country super 197 million
Recently, on the National Investor Protection Publicity Day, the "2021 Securities Company Investor Service and Protection Report" officially released by the China Securities Association shows that by the end of 2021, individual stock investors in our country have exceeded 197 million, and fund investors have exceeded 720 million. (China News Network)
Person Point of View
21. Pony Ma says Tencent’s revenue and profit growth are slowing
On May 16, Tencent released the "Tencent Sustainable Social Value Report 2021". In the report, Pony Ma mentioned: At present, Tencent is facing a new stage of coexistence of challenges and development. On the one hand, the growth rate of revenue and profits has slowed down; on the other hand, we also believe that this can be used to shift gears to create higher-quality development – that is, more focus on the origin of user value, technological innovation and social responsibility, and more adhere to the vision of science and technology for good. Such enterprises will continue to evolve over a longer period of time and create greater value for the country and the times.
22. Luo Yonghao claims that the debt has not been paid off
On May 16th, Make a Friend released the third round of Luo Yonghao and Wang Tuo’s "Make a Friend E-commerce Academy Chat Bureau". When asked how much Luo Yonghao has in deposits, he said that he has no so-called deposits, because the debt has not been fully repaid yet. But now there is a frozen bank account, and all the money borrowed by Luo Yonghao before is now returned to the frozen account. Before the freeze, there were more than 100,000, and now there are more than 600,000 in it. He said that it will be thawed in a few months, and he is quite happy. (AI Finance Club)
23. Wang Xiaofei responds to Ma Liuji’s closure remarks
In the early morning of May 16, Wang Xiaofei, the founder of the Ma Liuji brand, denied rumors that Ma Liuji could not bear it and went bankrupt through Weibo. It was mentioned that online Ma Liuji products are three times as much as offline sales. Recently, it was reported that Wang Xiaofei once cried in the live broadcast that the Ma Liuji company he founded was facing losses. As early as May 7, Wang Xiaofei used Weibo to refute rumors such as "Ma Liuji company is not well managed and is facing bankruptcy and bankruptcy". (Financial Network)
24. Honor CEO Zhao Ming: This year is the first year for Honor to open overseas markets
Honor CEO Zhao Ming said that so far, in the Middle East and Africa, Asia Pacific, Malaysia, some European countries, Latin America, Honor has released Magic 4 Pro and mid-range products. After 2020, Honor will be almost out of stock in overseas markets for more than a year. When Honor 50 was released overseas at the end of last year, the supply has not been fully restored. This year will be the first year of overseas launch and will be fully returned in various countries.
Apple Cook’s salary ranked fourth among US CEOs last year, while Musk was at the bottom
The highest-paid CEOs in the past year are still from the media and technology sectors. Peter Kern, CEO of online travel platform Zhiyou.com, ranked first with a personal salary of $296 million. Apple’s Tim Cook’s salary of $98.73 million is only fourth, with Musk (0 yuan) and Buffett (370,000 dollars) at the bottom. However, due to the fact that these two people own a large amount of equity in their own companies, low income does not affect the surge of tens of billions of dollars in the past year.
Capital Insights
26. Sohu 2022 Q1 revenue of $193 million, profit of $9 million
On May 16, Sohu released the 2022 Quarter 1 financial report. The company’s Quarter 1 total revenue was 193 million US dollars, of which brand advertising revenue was 24 million US dollars and online game revenue was 158 million US dollars. Net profit (non-US GAAP) was 9 million US dollars, exceeding previous expectations. (China Securities Network)
27. Cloud from the technology IPO time is scheduled for May 25 to 30
Yuncong Technology announced that it had received preliminary inquiry and quotation information from 4,283 placement objects managed by 154 offline investors through the Shanghai Stock Exchange’s offline subscription platform. The quotation range was 4.35 yuan/share-113.60 yuan/share, and the final negotiation determined that the issuance price was 15.37 yuan/share. The offline and online subscription date is May 18.
28. nucleic acid testing market size has exceeded 10 billion
In the past two years, the epidemic has been repeated in China, the number and frequency of nucleic acid tests have continued to grow, and the market size has exceeded 10 billion yuan. According to the data released by the National Health Commission, since the COVID-19 epidemic occurred, our country has carried out nucleic acid testing 9.214 billion times. As of the end of March this year, 12,500 medical and health institutions in our country had carried out nucleic acid testing, and 144,700 technicians were engaged in nucleic acid testing. The data shows that in 2021, there will be 437 new medical testing-related institutions, with an annual growth rate of 25.1%, the highest in history.
29. Ford Motor is selling more Rivian shares
According to the Wall Street Journal, Ford Motor said it sold more of its Rivian shares, putting further pressure on the electric pickup truck maker’s battered share price. Ford Motor said in a stock exchange announcement late Friday that it sold 7 million Rivian shares for $26.88. Earlier last week, Ford sold 8 million Rivian shares for roughly the same price.
30. Veteran soda "Bingfeng" plans to IPO
This week, Shenzhen’s main board will welcome three companies to the meeting, including the famous beverage brand "Bingfeng" from Xi’an. Its main business is the research, production and sales of orange-flavored soda, sour plum soup and other beverages. From 2019 to the first half of 2021, Bingfeng Beverage’s operating income was 302 million yuan, 333 million yuan and 219 million yuan respectively; the prospectus shows that in the first half of 2018-2021, Bingfeng glass bottle orange-flavored soda and canned orange-flavored soda sales accounted for more than 80% of total revenue.
Technology Foresight
31. Microsoft Internet Explorer was officially retired on June 16
Microsoft Edge browser officially announced that the Microsoft IE browser will be officially retired on June 16, after which its functions will be taken over by the Edge browser. However, Microsoft will still bring continuous improvements to Microsoft Edge "IE compatibility mode". Even after IE is discontinued, IE mode in Microsoft Edge can still expand the use of old applications. It is reported that the desktop market share of Edge browser has finally exceeded 10%.
32. Ming Kuo: AirPods and other Apple accessories will fully adopt USB-C interface in the future
Renowned Apple analyst Ming Kuo reportedly tweeted that the AirPods, MagSafe charger, and Magic keyboard/mouse/trackpad will also use USB-C ports in the "foreseeable future". Earlier this week, Kuo announced that Apple plans to add USB-C ports to at least one iPhone 15 model released in 2023. iPhone and all of the above Apple accessories currently use Apple’s proprietary Lightning interface for power and data transmission.
33. Honor MagicBook14 released, starting from 4999 yuan
At the press conference on the 16th, Zhao Ming officially released the Honor Notebook MagicBook 14. The machine is equipped with Intel’s 12th generation standard voltage processor, the highest RTX2050 unique display, and this is the first thin and light book equipped with Honor OS Turbo technology, claiming that the power consumption is reduced by 39.6% and the response speed is improved by 17.9%.
34. SpaceX launched two batches of Starlink in a row, with a total of 2,600 launches
SpaceX launched two batches of "Starlink" satellites in a row within 24 hours, and the total number of "Starlink" satellites launched reached 2,600. At 16:40 EST on May 14, SpaceX’s new Falcon 9 rocket launched 53 "Starlink" satellites from the Cape Canaveral Space Force Base in Florida. After the first and second stages were separated, the first stage booster returned and landed on the "please read the instructions" unmanned barge. (Surging News)