Morning Post|Investment guru Munger passes away, Buffett mourns/Didi system collapse may cause losses exceeding 400 million/Pinduoduo’s market value approaches Alibaba


Investment guru Munger dies at 99

iOS 17.2 beta 4 lets users change default notification ringtones

Didi system collapse is expected to cost more than 400 million

Apple Vision Pro mainland supply chain ratio increased to 60%

Huawei Auto BU employees will receive N+1 compensation when joining the new joint venture

After successive price increases, Tesla officially announced: Insurance subsidy of 8,000 yuan

Meituan CEO: Consider advancing US$1 billion buyback plan

Pinduoduo’s market value approaches Alibaba

News reports that fast fashion giant Shein has submitted an application for a U.S. stock IPO

Amazon launches an AI chatbot "Q" for enterprises

Huawei officially releases Smart World S7, priced from 249,800

New generation of domestic CPU officially released

HiTea x Jingdezhen China Ceramics Museum launches new joint products

"Doraemon" x PORTER 2.0 collaboration series will be released soon

Joe Freshgoods x New Balance 990v4 shoes released in full

Avengers 5 hires new screenwriter

Timothy Olyphant joins 'Alien' series

Season 2 of "Interview with the Vampire" wraps up


Investment guru Munger passed away at the age of 99. Buffett: Without him, Berkshire would not be what it is today

On Tuesday local time, Berkshire Hathaway issued a statement on its subsidiary Business Wire website that investment genius and Warren Buffett's right-hand man Charlie Munger passed away at the age of 99.

The announcement stated that Charlie Munger passed away peacefully in a California hospital on the morning of November 28, local time.

"Berkshire would not be where it is today without Charlie's inspiration, wisdom and involvement," Buffett said in a statement.

It is understood that Munger was born on January 1, 1924, just one month away from his 100th birthday. As a young man, Munger loved reading and dabbled in a wide range of subjects, including history, science, philosophy and literature.

According to Forbes, Munger's net worth is $2.6 billion as of November 28, 2023.

iOS 17.2 beta 4 lets users change default notification ringtones

The iOS 17.2 beta 4 version released by Apple today adds a much-anticipated feature that allows users to change the default notification ringtone.

Apple recently released the official version of iOS 17. One of the adjustments is that the system's default notification ringtone has been changed from "Tri-tone" to "Rebound", and there is no way to change it back.

Many users have reported that the new notification ringtone is too "muffled" and may not be noticeable when receiving notifications.

In the latest beta version of iOS 17.2, Apple added an option that allows users to change the default notification ringtone to whatever they want. The new option appears in the Settings – Sound & Touch menu.

Didi "collapsed" for 12 hours, and it is estimated that it will lose tens of millions of orders and 400 million in transaction volume

On the evening of November 27, many netizens reported on social platforms that the Didi Chuxing app was suspected of malfunctioning, unable to be located, and showing network abnormalities.

Yesterday morning, Didi Chuxing issued a document saying that after repairs by the technical team overnight, services such as Didi's online taxi hailing services have been restored, and users can download the Didi app to use taxi services. Cycling and other services are still being restored, and all Qingju vehicles that can be unlocked or unlocked can be ridden for free.

However, many netizens said that the online ride-hailing function had not been restored in the morning, and the network was loading abnormally. Many topics such as "Didi taxis can't be found" and "Quanqin is gone" have become hot searches.

This comprehensive functional paralysis lasted for nearly 12 hours, which was also the longest failure of Didi Chuxing in recent years.

According to the Southern+ report, Didi Chuxing's previously announced financial report for the third quarter of 2023 showed that the total transaction volume of China's travel business in a single quarter was 72.5 billion yuan, and the average daily order volume reached 31.3 million.

Based on the duration of this "collapse", it is estimated that Didi will lose over 10 million orders and over 400 million in transaction volume.

In addition, according to Sina Technology, there was a rumor yesterday that "a Didi flash crash driver earned more than 69 billion." Didi said that after verification, it was confirmed that the picture was a rumor that was faked by PS. We kindly ask everyone not to create or spread rumors.

big company

Apple Vision Pro is about to be mass-produced, and the proportion of supply chain in mainland China has increased significantly to 60%

According to Jiemian News, reporters learned from key people in a number of consumer electronics supply chain companies that Apple will officially mass-produce Vision Pro in December this year.

The first batch of stocks is about 400,000 units, and the sales target is 1 million units in 2024 and 10 million units in the third year.

After investigation and statistics, the reporter found that unlike the previous iPhone 15 series products, which had a low proportion of mainland parts, the proportion of Apple Vision Pro’s supply chain in mainland China has increased significantly to about 60%.

It is reported that the hardware cost of Apple Vision Pro is approximately US$1,700. At present, Lingyi Zhizao has the highest proportion of the mainland supply chain. The value of a single machine has reached about US$250-300. It exclusively supplies heat sink modules, headbands, eye masks, nose pads, etc.

Followed by Luxshare Precision, which is an exclusive OEM and assembly company with a value of around US$150-200.

According to previous reports by Bloomberg reporter Mark Gurman, Apple Vision Pro is expected to be released around March next year.

The Vision Pro will be available first in the United States and in other countries and regions later in 2024, and Apple is expected to sell the device exclusively through Apple retail stores and the Apple Online Store.

It is reported that Huawei Auto BU employees will receive N+1 compensation when joining the new joint venture.

On November 25, Huawei and Changan Automobile signed an "Investment Cooperation Memorandum". After negotiation, Huawei plans to establish a new company to focus on the research and development, production, sales and services of intelligent driving systems and incremental components for intelligent connected vehicles.

According to Jiemian News, Huawei Automotive BU employees can receive N+1 compensation from Huawei after they switch to the joint venture with Changan Automobile.

Employees can also retain Huawei's internal stocks and enjoy Huawei's dividends. After employees sign with a new company, they can receive another 4 months of signing fees.

At the Zhijie S7 and Huawei full-scenario press conference held yesterday afternoon, Huawei Terminal BG CEO Yu Chengdong said that Huawei has sent invitations to Cyrus, Chery, JAC, and BAIC, and hopes that China FAW Group will join.

After successive price increases, Tesla officially announced: Insurance subsidy of 8,000 yuan

Yesterday, Tesla China's official website showed that the price of the Tesla China Model Y long-range version was raised again by 2,000 yuan to 306,400 yuan.

In addition, Tesla’s official Weibo stated that if you buy Model 3/Y before the end of the year, you can enjoy up to 18,000.

The limited-time low-interest financial policy for all S3XY models is online, and Model Y can save up to 11,500 yuan; the Model 3/Y rear-wheel drive version is now available, and the limited-time insurance subsidy is online, and you can enjoy a benefit of 8,000 yuan; the Model Y/S/X limited-time introduction policy is available at the end of the year At the end of the day, you can enjoy a 1,750 yuan final payment deduction.

Meituan CEO: The current stock price is undervalued, and we are considering promoting a US$1 billion buyback plan

Yesterday, Meituan released its third quarter financial report for 2023. The financial report shows that Meituan’s revenue in the quarter reached 76.47 billion yuan, a year-on-year increase of 22.1%, and is estimated to be 76.01 billion yuan;

Net profit in the third quarter was 3.59 billion yuan, a year-on-year increase of 195.3%, and the market expected a net profit of 2.919 billion yuan.

As of the end of the third quarter, the total number of instant delivery orders reached 6.2 billion, a year-on-year increase of 23%; the peak daily order volume of catering takeout exceeded 78 million orders in this quarter, and the peak daily order volume of Meituan flash sales exceeded 13 million orders.

Meituan CEO Wang Xing said in the third quarter earnings call that management has full confidence in the company's long-term growth potential. Meituan's current stock price in the secondary market only reflects the valuation of a single takeaway business, which is not in line with the company's goals. Intrinsic value, it is considering promoting a buyback plan worth US$1 billion.

Wang Xing said, "The company will make prudent decisions based on comprehensive consideration of business investment, cash status and market conditions."

Pinduoduo’s R&D expenses reached a new high in the third quarter, reaching 2.85 billion yuan

Yesterday, Pinduoduo announced its financial report for the third quarter of 2023 as of September 30.

The financial report shows that Pinduoduo achieved revenue of 68.84 billion yuan in the third quarter, a year-on-year increase of 93.9%. The net profit based on U.S. GAAP was 15.54 billion yuan, and the net profit margin was 22.6%.

In the third quarter, Pinduoduo’s R&D expenses reached a new high, reaching 2.85 billion yuan, a year-on-year increase of 5.5%.

Chen Lei, chairman and co-CEO of Pinduoduo Group, said that with the implementation of a series of consumption-promoting policies, the demand for consumption upgrades is becoming increasingly strong.

"Technological innovation is an important strategy and means for the company to implement high-quality development. We will continue to invest heavily in agricultural technology, supply chain technology and overall core research and development, and use technology to create long-term positive value."

According to China Fund News, after the U.S. stock market opened on the evening of November 28, Pinduoduo’s stock price soared by nearly 20%, and its market value reached about 1.32 trillion yuan, a sudden increase of 200 billion yuan, while Alibaba’s U.S. stock market value was 1.37 trillion yuan. Pinduoduo’s market value is already one step away from surpassing Alibaba.

News reports that fast fashion giant Shein has submitted an application for a U.S. stock IPO

According to the Wall Street Journal, online fashion company Shein has secretly filed to go public in the United States.

Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters for the offering, which could take place in 2024, people familiar with the matter said.

Shein was valued at about $66 billion in its latest financing in May, and the company may seek a higher valuation in this IPO.

According to previous reports, Shein achieved revenue of $23 billion and net profit of $800 million in 2022, and told investors that the company achieved record revenue and profits in the first three quarters of 2023.

SEC rules allow companies to keep their listing documents confidential for a period of time before an IPO. Shein will release the documents, which will include financial details and more, in the weeks leading up to the listing.

New product

Amazon launches an AI chatbot "Q" for enterprises

Amazon has launched a chatbot called Q that is designed to help enterprise customers search for information, write code and review business metrics.

On Tuesday local time, Amazon Cloud Technology CEO Adam Selipsky said at Amazon’s annual cloud computing conference in Las Vegas:

Existing chatbots powered by generative AI "are really useful for consumers, but in many ways, these applications don't really make sense at work."

A preview version of chatbot Q is now available. Developers can use Q to create apps on AWS, research best practices, fix errors, and get help writing new features for their apps.

Users can interact with Q through conversational Q&A to learn new knowledge, research best practices, and learn how to build apps on AWS.

In addition, Amazon also released a new generation of AWS self-developed chips, including chips designed for AI applications, and deepened its relationship with leading AI chip supplier Nvidia.

Huawei officially releases Smart World S7, priced from 249,800

The Zhijie S7 was officially released yesterday afternoon. The car has started pre-sale on November 9, and the pre-order volume has exceeded 20,000 units.

The new car is available in four models: Pro, Max, Max+, and Max RS, with prices starting at 249,800.

The length/width/height of this car are 4971/1963/1474mm respectively, and the wheelbase is 2950mm. It is available in five colors: Warm Nebula, Azure Blue, Frost Moon Silver, Gilt Black, and Ceramic White.

Smart World S7 is equipped with Huawei's ADS 2.0 high-end driving assistance system, which will launch city pilot services in all cities across the country before the end of the year.

In addition, Zhijie S7 debuts Huawei's Touring intelligent chassis, Huawei parking driver, Huawei "Whale" 800V high-voltage battery platform, Hongmeng 4 intelligent cockpit, and omnidirectional anti-collision system and many other Huawei black technologies.

Parking and driving beta will be gradually opened in Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Suzhou, Dongguan and other cities in the first quarter of 2024.

New generation of domestic CPU officially released

According to CCTV News, yesterday, a new generation of domestic CPU – Loongson 3A6000 was released in Beijing.

According to reports, Loongson 3A6000 adopts the instruction system and architecture independently designed by my country and does not need to rely on any foreign authorized technology. It is a new generation of general-purpose processor independently developed and independently controllable by my country. It can run a variety of cross-platform applications and meet the needs of various large-scale Complex desktop application scenarios.

Its launch marks that my country's independently developed CPU has reached a new height in terms of independent controllability and product performance, and its performance has reached the level of international mainstream products.

Also launched is the printer main control chip Loongson 2P0500, which is the first domestic printer main control chip based on an independent command system. As the core control component of the printing/scanning machine, the successful development of Loongson 2P0500 will help promote more domestically produced products. Printers come to market.

new consumption

HiTea x Jingdezhen China Ceramics Museum launches new joint products

Yesterday, Heytea officially announced that it would co-brand with the China Ceramics Museum in Jingdezhen and simultaneously launch a new product: Buddha Heytea Latte.

According to reports, the new product pays tribute to the work of master Zeng Longsheng, "The Statue of Eighteen Arhats with Color Underglaze".

There are 3 types of drink packaging, respectively printed with the pensive Arhat, the Fuhu Arhat and the joyful Arhat. Limited peripherals are also available simultaneously.

"Doraemon" x PORTER 2.0 collaboration series will be released soon

Recently, Japanese bag brand PORTER once again joined hands with "Doraemon" to launch a new cooperation series.

In the new season, Doraemon plays the role of PORTER "Porter". His iconic bells, flying paddles and characters are combined with PORTER's iconic bags in a jacquard weaving method. A total of 7 different bag options are launched. Comes with original patterned pewter badge.

In addition, peripheral products such as T-shirts and key accessories are available. It is reported that the new cooperation series will be released in Japan on Friday, December 1st.

Joe Freshgoods x New Balance 990v4 shoes released in full

Following the release of the Joe Freshgoods x New Balance 990v4 collaboration some time ago, the full look of the shoes has been officially released recently.

This collaboration is inspired by Hype Williams' movie "BELLY" and is based on the 990v4 shoe, an upgraded version of the 990v3. It is made of suede and mesh materials, and the sole has excellent support and cushioning.

A total of three colors, "Intro", "Keisha Blue" and "Outro" have been launched and are planned to be released in the near future.


Avengers 5 hires new screenwriter

According to reports, Michael Waldron is the latest screenwriter for "Avengers 5". The previous screenwriter of the film was Jeff Lowes.

Waldron was originally scheduled to serve as the screenwriter of "Avengers 6" and will now direct these two blockbusters with consecutive plots. He also wrote the scripts for Marvel's "Loki" and "Doctor Strange 2."

"Avengers 5" will be released in North America on May 1, 2026, and "Avengers 6" will be released on May 7, 2027. Neither film currently has a director. The director and screenwriter combination announced last year for "Avengers 5" has now been completely replaced.

Timothy Olyphant joins 'Alien' series

Timothy Olyphant has joined the "Alien" series to play the mentor character Kirsch.

The play stars Sidney Chandler as the heroine Wendy, who is a hybrid superhuman with the brain and consciousness of a child + the body of an adult. Alex Lawther, Samuel Blenkin, Essie Davis, Adarsh ​​Gourav, and Kit Young also star.

Created by Noah Hawley, the creator of "Fargo" and "Herd", and executive produced by Ridley Scott, the timeline is set before the movie version in which Ripley plays the leading role.

Season 2 of "Interview with the Vampire" wraps up

The second season of AMC's "Interview with the Vampire" has wrapped. The filming of this season spanned the Hollywood writers' strike and actors' strike, and was filmed in places such as Prague, Czech Republic and Paris, France. It is now completed and is scheduled to be broadcast next spring.

The new season has a total of 8 episodes, mainly set in Europe. It tells the story of vampire Louis and Claudia who "killed" Lester, then traveled from the United States to Paris, and met the more mysterious and powerful vampire Armand.

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