Morning Post | Jack Ma made a rare speech on the intranet. Pinduoduo’s market value once surpassed the valuation of Alibaba/Huawei’s new joint venture and may reach 250 billion/Didi compensates no-threshold taxi coupons

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Sources say Apple will stop developing its own 5G modems

OpenAI not expected to offer board seats to Microsoft, other investors

Pinduoduo’s U.S. stock market value once surpassed Alibaba

Sources say Huawei’s new joint venture is valued at as much as 250 billion yuan

Apple to end credit card partnership with Goldman Sachs

Didi issued another apology: It was initially determined that the cause of the accident was a malfunction of the underlying system software.

Lei Jun personally donated 1.3 billion yuan to Wuhan University

The average daily active users of Bilibili exceeded 100 million

NIO and Geely sign battery swap strategic cooperation agreement

Redmi K70 series mobile phones released

Vincent video platform Pika 1.0 starts testing

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fragment design x Starbucks launches collaborative products

GAP joins hands with Dapper Dan to launch joint limited series

The creator of "Aquaman 2: The Lost Kingdom" will start a trip to China

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The first stills of the drama version of "Fallout" are revealed

The latest movie version of Conan is scheduled to be released in Mainland China

Heavy

Sources say Apple will stop developing its own 5G modems

Recently, there were reports that Apple decided to stop the development of its self-developed 5G modem chip after several failed attempts to perfect the chip.

According to the operator of the news aggregation account "yeux1122" on the Korean portal Naver blog, supply chain sources related to Apple's 5G modem unit said that the company's attempts to independently develop modems have so far failed, and Apple is ending this multi-year process. investment projects.

In addition, the whistleblower "Tech_Reve" also said that he heard similar news from the Japanese supply chain.

It's too early to tell whether the latest report is accurate, but the Wall Street Journal reported in September that Apple's attempts to develop its own modem chips have been hampered by unrealistic goals, a lack of understanding of the challenges involved, and unusable Prototype products, etc.

OpenAI not expected to offer board seats to Microsoft, other investors

According to The Information, people familiar with the matter revealed that OpenAI’s reorganized board of directors does not plan to attract representatives from outside investors. This suggests the board will prioritize safety practices over investor returns.

OpenAI will establish a new board of directors consisting of 9 people. The current composition of the board has not been formally finalized. The situation may change and is expected to be confirmed as soon as this week.

But investors including Microsoft, Khosla Ventures, Thrive Capital and Sequoia Capital are not expected to get seats on the new board, people familiar with the matter said.

There are currently three initial directors on the new board of directors, including Chairman Bret Taylor, former U.S. Treasury Secretary Larry Summers and Quora CEO Adam D'Angelo.

Pinduoduo’s U.S. stock market value once surpassed Alibaba

Yesterday evening, Pinduoduo's share price rose by more than 4%, with its market value reaching US$192.1 billion, once surpassing Alibaba and becoming the largest Chinese concept stock in the US stock market. As of press time, Pinduoduo’s gains have narrowed, with its latest market value falling back to US$187.8 billion.

Previously, according to Alibaba’s internal news, Jack Ma made a rare speech on Alibaba’s intranet, congratulating Pinduoduo for its decision-making, execution and efforts in the past few years:

I believe that everyone in Alibaba today is watching and listening. I firmly believe that Ali will change and Ali will change.

All great companies are born in winter. The era of AI e-commerce has just begun, and it presents both opportunities and challenges to everyone.

Congratulations to pdd for their decision-making, execution and efforts over the past few years. No one can be awesome, but only those who can reform for the sake of tomorrow and the organization that are willing to pay any price and sacrifice are respected. Back to our mission and vision, Alibaba people, come on!

On November 28, Pinduoduo released its third-quarter performance report. Revenue for the quarter was 68.84 billion yuan, a year-on-year increase of 93.9%.

After the financial report was released, Pinduoduo's US stock price soared, once rising by more than 18%. As of the close of trading on November 28, Eastern Time, Pinduoduo's total market value reached US$184.7 billion, approaching Alibaba.

big company

Sources say Huawei’s new joint venture is valued at as much as 250 billion yuan

According to Reuters, the smart car systems and components company to be established by Huawei will be valued at as high as 250 billion yuan after selling equity to investors such as Changan Automobile.

Changan Automobile and its parent company China Ordnance Equipment Group are considering acquiring approximately 35% and 5% of the new company's shares respectively. Based on valuation calculations, their investment amounts will reach 87.5 billion and 12.5 billion yuan respectively.

Three people familiar with the matter said that potential minority shareholders also include FAW Group and Dongfeng Motor Group, which are also in in-depth discussions with Huawei and will acquire up to 5% of the shares each.

According to reports, Huawei may remain the single largest shareholder for at least the next two to three years, with a shareholding ratio of 40% to 50%.

According to Jiemian News, we learned from internal employees that Huawei’s automotive BU currently has less than 5,000 employees, including outsourced personnel.

Apple to end credit card partnership with Goldman Sachs

According to the Wall Street Journal, Apple has made a request to Goldman Sachs, hoping to terminate the partnership within the next 12 to 15 months.

Apple and Goldman Sachs are terminating their entire consumer partnership, including Apple Card and Apple Savings accounts.

Apple said in a statement, "Apple and Goldman Sachs are committed to providing our clients with incredible experiences that help them live healthier financial lives. The award-winning Apple Card has been enthusiastically received by consumers. We will continue to innovate to provide them with the best tools and services."

It's unclear whether Apple has entered into a new partnership for Apple Card. However, reports say that Synchrony Financial, known as the largest store credit card issuer, has considered taking over the "Apple Card".

Didi issued another apology: It was initially determined that the cause of the accident was a malfunction of the underlying system software.

Yesterday, Didi Chuxing issued another apology. Didi stated that while various services were restored, an internal review investigation was launched on the 28th. It was initially determined that the cause of the accident was a malfunction of the underlying system software and was not an "attack" transmitted online.

Didi Chuxing stated that it will carry out in-depth technical risk identification and upgrade work in the future to fully ensure service stability and do its best to avoid similar accidents from happening again.

Currently, all Didi app services have been restored. "The troubles and problems caused to everyone by this accident are being expedited and properly resolved."

At the same time, Didi also distributed an "apology compensation coupon" to all users in the mini program. This 10-yuan general taxi discount coupon is available without threshold, but cannot be collected after December 1, and is valid for 3 days.

Lei Jun personally donated 1.3 billion yuan to Wuhan University

According to the official website of Wuhan University, on the morning of November 29, Lei Jun, a 1987 computer science alumnus of Wuhan University and founder, chairman and CEO of Xiaomi Group, donated 1.3 billion yuan to his alma mater.

This donation mainly focuses on three directions: supporting basic research in the six major disciplines of mathematics, physics, chemistry, literature, history and philosophy, supporting scientific and technological innovation in the computer field, and supporting the training of college students.

This donation has set a new record as the largest single donation since the founding of Wuhan University, and is also the largest individual cash donation from an alumni received by universities across the country.

It is reported that Lei Jun has personally donated to Wuhan University for 26 years, and has successively donated to his alma mater to establish Wuhan University's "Lei Jun Scholarship", "Lei Jun Science and Technology Building", "Fight against COVID-19 Fund" and other donation projects, with a total amount of 130 million yuan.

On October 20, 2016, Lei Jun donated to support the construction of an artificial intelligence teaching and research building at Wuhan University. The building was just put into use on June 20 this year.

The average daily active users of Bilibili exceeded 100 million

Yesterday, Station B announced its third quarter financial report for 2023. Total net revenue in the third quarter was RMB 5.8 billion, the same as the same period in 2022; net loss was RMB 1.3 billion, narrowed by 22% from the same period in 2022.​​​

Community growth and improvements in commercialization efficiency have led to an increase in Bilibili’s advertising and value-added service revenue.

In the third quarter, the total advertising revenue of Station B reached 1.64 billion yuan, a year-on-year increase of 21%, and the value-added service business revenue reached 2.6 billion yuan, a year-on-year increase of 17%.

In the third quarter, the average daily active users of Station B exceeded the 100 million mark, reaching 103 million, a year-on-year increase of 14%. The average monthly active users also reached a new high of 341 million. The average daily usage time of users exceeded 100 minutes for the first time.

Chen Rui, chairman and CEO of Bilibili, said: "In a challenging market environment, Bilibili achieved positive operating cash flow this quarter. In the future, we are confident that we will continue to promote user growth and high-quality community development, and enhance business capabilities and operational efficiency to create more value for users, creators, and partners.”

NIO and Geely sign battery swap strategic cooperation agreement

Yesterday, Geely Holding Group and NIO signed a strategic cooperation agreement on battery swapping. The two parties will work on battery swapping standards, battery swapping technology, battery swapping service network construction and operation, battery swapping model development and customization, battery asset management and operation, etc. comprehensive cooperation in the field.

According to the agreement, the two parties will work together to create two major battery exchange standard systems for "private cars" and "commercial vehicles" through the "co-investment, co-construction, sharing, and co-operation" model, and accelerate the promotion of vehicle end, station end, battery end, The operation end is connected and coordinated to expand the scale of the power swap network.

The two parties will also establish an efficient battery asset management system, establish a unified battery swap operation and management system, and cooperate in the development of battery swap passenger cars that adapt to both parties' battery swap systems.

Geely Automobile has become the second company to cooperate with NIO in the field of battery swapping after Changan Automobile.

New product

Redmi K70 series mobile phones released

At last night's Redmi 10th Anniversary and K70 series mobile phone new product launch conference, the Redmi K70 series of mobile phones was officially released, bringing three models: K70 Pro, K70, and K70E. It was also announced that they would be equipped with the domestically produced Thermal OS system independently developed by Xiaomi.

The new K70 Pro uses the third-generation Snapdragon 8 in terms of performance, with a comprehensive performance score of over 2.24 million; a self-developed ice cooling system; and runs Fury Engine 3.0, which stimulates the potential of AI.

K70 is positioned as a new benchmark for flagship performance. It is equipped with the second-generation Snapdragon 8 flagship platform and has achieved a comprehensive leap-forward upgrade compared to the previous generation.

K70E is positioned as a new generation of flagship welders, with the world's first Dimensity 8300-Ultra new generation AI flagship chip, which comprehensively improves the baseline of flagship performance experience.

All three models of the K70 series start from 12GB + 256GB. The K70 Pro is priced from 3,299 yuan, the K70 is priced from 2,499 yuan, and the K70E is priced from 1,999 yuan.

In addition, the Redmi K70 Pro Champion Edition Lamborghini SQUADRA CORSE, jointly launched by Redmi and Automobili Lamborghini Squadra Corse, will also be on sale in the near future as a New Year gift.

Vincent video platform Pika 1.0 starts testing

Recently, startup Pika created an AI-driven platform that can edit and generate videos based on subtitles and still images.

Pika, co-founded by Demi Guo and Chenlin Meng, two doctoral students at the Stanford University Artificial Intelligence Laboratory, recently announced that it has raised US$55 million in a round of financing led by Lightspeed Venture Partners, with participation from Homebrew, Conviction Capital, and SV.

On November 28, Pika announced that Pika 1.0 is open to the public for registration and supports various video styles such as 3D animation, anime cartoons, and movies.

As long as your text prompt words are in place, whether it's Musk in a space suit, a cow walking in space, or a walking robot, it can produce the effect you want.

new consumption

fragment design x Starbucks launches collaborative products

Since its collaboration with Starbucks in 2012, the brand fragment design, run by Hiroshi Fujiwara, has launched a large-sized, simple stainless steel bottle.

The stainless steel bottle is made by KINTO and can carry a variety of beverages such as coffee and tea, including carbonated drinks, and is designed in two sizes: 580ml and 1080ml.

At the same time, the stainless steel bottle was designed by Hiroshi Fujiwara, with fragment design and Starbucks logos printed on the front and back, and is available in matte black and matte beige.

It is reported that the cooperative product will be sold on the official Starbucks website on December 6.

GAP joins hands with Dapper Dan to launch joint limited series

GAP once again joins hands with world-renowned fashion designer Dapper Dan to launch a new DAP joint limited series, which will be launched in China for the first time in limited edition.

The DAP joint series presents 13 fashionable items with the theme of "preserving retro and reviving luxury".

Fashion trendsetter Dapper Dan takes Manhattan's Harlem community culture as design inspiration and combines it with its profound hip-hop cultural influence to redefine iconic trend designs.

good-looking

The creator of "Aquaman 2: The Lost Kingdom" will start a trip to China

DC's new film "Aquaman 2: The Lost Kingdom" announced that the main creator will start a trip to China, and the lineup includes starring Jason Momoa and director James Wan.

A press conference will be held in Beijing on December 6, as well as road shows in Shanghai, Chengdu, and Guangzhou.​

The film will be released in mainland China on December 20.

The first stills of the drama version of "Fallout" are revealed

The first stills of the live-action series of the well-known game "Fallout" have been released. The cruel wasteland, 200 years after the destruction of the world…

The show was developed by Jonathan Nolan and Lisa Joy, the creators of "Westworld", with Nolan directing the first episode.

Set in a wasteland world full of strange stories and violence after a world nuclear war that led to the destruction of the earth, Amazon streaming will be launched on April 12 next year.

The latest movie version of Conan is scheduled to be released in Mainland China


Conan's latest theatrical version "Detective Conan: Kurogane's Shadow of the Fish" is scheduled to be released in mainland China on December 16, and a release trailer has been released.

The dangerous "Pandora's Box" was opened, and Haibara Ai encountered a crisis. At the same time, detectives, FBI and police VS dark organizations, Rei Fukiya, Shuichi Akai, Bellmode, Gin, etc. returned to stage a battle of force + intelligence. Double duel melee, the red and black battle is about to begin!

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