Krypton Evening News | Tesla launches an unmanned taxi called CyberCab and an unmanned Model Y; Dark Side of the Moon responds to Kimi's crash: It has been restored; Hangzhou: The maximum amount of housing provident fund loans has been increased to 1.3 million yuan, and the guaranteed amount for a single person is 200,000 yuan.
Big Companies:
Porsche's China Sales Drop by 29% in the First Three Quarters
The German luxury sports car manufacturer Porsche announced on Friday that its sales in China dropped by 29% in the first nine months of this year. Porsche stated that the weak sales in China and the ongoing model renovations have dragged down the overall performance. The global sales in the first nine months decreased by 7% to 226,026 vehicles. Among all models, the sales of its large-engine sports car Panamera and the pure electric sedan Taycan decreased the most, by 20% and 50% respectively. Detlev von Platen, a member of the Porsche board, said in a statement: "2024 is a particularly challenging year for us, and in some cases, the product supply is limited." (Sina Finance)
China Kangfu and others invest in the establishment of a green energy partnership enterprise in Tianjin
36Kr learned that the Aiqicha App shows that recently, Tianjin Helong Green Energy Partnership Enterprise (Limited Partnership) was established. The executive partner is Zhongdian Zhihui (Tianjin) Comprehensive Energy Service Co., Ltd., with a contribution of approximately 2.64 billion RMB. The business scope includes power generation business, power transmission business, power supply (distribution) business, and power generation technology services. Partner information shows that this partnership enterprise is jointly funded by China Kangfu, Zhongdian (Gansu) Energy Investment Co., Ltd., and Zhongdian Zhihui (Tianjin) Comprehensive Energy Service Co., Ltd.
Honeycomb: Accounting for nearly 60%, Post-90s and Post-00s are most enthusiastic about "Budget Travel Alternatives"
36Kr has learned that Honeycomb has released the "Report on Young People's 'Budget Travel Alternatives'". Post-90s and Post-00s have become the main force of "Budget Travel Alternatives", and the sum of the two proportions reaches 59.1%. It is understood that since January 1, the search and browse volume related to "Budget Travel Alternatives" on the Honeycomb website has increased by 33.7% compared with the same period last year, and the content volume has increased by 134%. More than 2 million users have shared and exchanged their own "Budget Travel Alternatives" experiences.
The Dark Side of the Moon Responds to Kimi Crash: It Has Been Restored Now
36Kr learned that The Dark Side of the Moon announced in the morning that the exploration version of Kimi was launched, and the search volume is 10 times that of the regular version. One search can intensively read 500 pages. After the news was released, Kimi received a large number of visits, and netizens reported that Kimi crashed. In response, The Dark Side of the Moon responded that it has been restored now, and the exploration version will be open to all users before Monday.
Former Alibaba DAMO Academy Chief Scientist Si Luo Officially Joins Automotive Tech Unicorn Zebra Intelligence
Recently, Si Luo, the former Executive Vice President of the world's largest SaaS company Salesforce, the former Vice President of Alibaba Group, the Chief Scientist of DAMO Academy, and a tenured professor at Purdue University, has officially joined Zebra Intelligence, an automotive tech unicorn under Alibaba, as the Chief Technology Officer (CTO). (Jiemian)
Shein's UK market sales reached $2 billion in 2023
According to the website of the Ministry of Commerce, Bloomberg reported a few days ago that the fast-fashion e-commerce platform Shein's sales in the UK market reached £1.55 billion ($2 billion) in 2023, an increase of 38% compared to 2022, and it is currently planning to go public in London. The report said that Shein's rapid business development benefits from its low-cost business model of directly shipping from Chinese factories to global customers. Last year, Shein continuously expanded its business in the UK, such as opening pop-up stores in various parts of the UK and opening an office in Manchester. It is understood that Shein's initial public offering is valued at approximately £50 billion. (Jiemian)
Tesla launches an unmanned taxi called CyberCab and an unmanned Model Y
36Kr learned that the live broadcast screen shows that Musk arrived at the Tesla Robotaxi launch event in a two-door vehicle. Tesla launches an unmanned taxi called CyberCab and an unmanned Model Y. Musk said that CyberCab has no steering wheel or pedals.
Wei Dong Appointed as Chairperson and CEO of Nike Greater China and Global CEO of ACG Brand
36Kr has learned that today, Nike Group announced the latest appointment of Ms. Wei Dong, who will serve as the Chairperson and CEO of Nike Greater China and the Global CEO of the ACG brand. Recently, Wei Dong has just been listed on the 2024 Fortune "Most Powerful Women in Business in Asia" list.
Aliexpress Cainiao's "Global 5-Day Delivery" Covers 14 Countries Before Double 11, Delivery Efficiency Improves by 50%
36Kr learned that the 2024 Overseas Double 11 is about to start. Aliexpress and Cainiao have jointly upgraded the logistics performance experience, and the "Global 5-Day Delivery" has been expanded to 14 countries, including Italy, Poland, Japan, etc. In the past two years, with the support of Cainiao International Express, the average global delivery time of Aliexpress has been shortened by 50%.
Sequoia China is reportedly going to set up an office in London, UK to seek investment opportunities in Europe
It is reported that according to the documents it submitted to the Financial Conduct Authority of the UK, Sequoia China has registered an entity named HSG Advisors UK. Insiders revealed that Sequoia China plans to seek investment opportunities in Europe through the London office and will focus on late-stage and private equity transactions in areas such as consumption, consumer Internet, healthcare, and new energy. Sequoia China responded to this in a statement, saying that the London office will enhance the company's connections in Europe, but declined to comment further. (Jiemian)
SAIC and SPIC, etc. Invest in Yingzhi Thermal Management Company
36Kr learned that the Aiqicha App shows that recently, Yingzhi Thermal Management Technology (Jiaxing) Co., Ltd. has undergone industrial and commercial changes. New shareholders include Shanghai SAIC Chuangyuan Venture Capital Partnership (Limited Partnership) under SAIC, Henan Shangqi Huirong Shangcheng No.1 Industrial Fund Partnership (Limited Partnership), and Shanghai Ronghe Xinneng Lvtan Investment Partnership (Limited Partnership) under SPIC. At the same time, the registered capital has increased from approximately 39.088 million RMB to approximately 50.224 million RMB.
Investment and Financing:
"Qianjue Robot" Completes Angel Round Financing of Several Ten Million Yuan RMB
36Kr learned that the multimodal tactile perception sensor company "Qianjue Robot" announced today that it has completed an angel round financing of several ten million yuan RMB. This round of financing is led by Hillhouse Ventures, with investors such as Jiaoda Hanyuan Fund participating. The funds will be used for product research and development, business expansion, and talent recruitment.
Swedish battery manufacturer Northvolt is reportedly negotiating to obtain approximately 200 million euros in financing
According to Reuters, three sources familiar with the matter said that Northvolt is in negotiations to obtain approximately 200 million euros in short-term financing. The cash-strapped Swedish battery manufacturer is striving to stabilize its financial situation. (Jiemian)
New Products:
Tesla launches an unmanned taxi called CyberCab and an unmanned Model Y
36Kr learned that the live broadcast screen shows that Musk arrived at the Tesla Robotaxi launch event in a two-door vehicle. Tesla launches an unmanned taxi called CyberCab and an unmanned Model Y. Musk said that CyberCab has no steering wheel or pedals.
Today's Viewpoint:
Sun Lei, Vice President of Ruqi Mobility: Hybrid Operation is an Effective Way for the Large-scale Implementation of Robotaxi
On October 11, Tesla released the Robotaxi driverless taxi. Sun Lei, Vice President of Ruqi Mobility, a "Robotaxi concept stock", said that hybrid operation is an effective way for the large-scale implementation of Robotaxi. "Currently, it is difficult for the Robotaxi service to simultaneously achieve the three goals of being safe enough, having a large enough operating area, and being economically efficient enough. These three goals can be optimally balanced in the commercialization process of Robotaxi through the hybrid operation of manned online ride-hailing and Robotaxi. In the process of development, risks should be managed, and technologies should be developed and applied on the basis of risk control. Through dynamic development, the overall superiority of Robotaxi can be ultimately achieved, and it can accelerate the replacement of manned online ride-hailing." (Securities Times)
Other News Worth Noticing:
IDC: In the first half of the year, the scale of China's video cloud market reached nearly 4.81 billion US dollars, with a year-on-year growth of 3.9%.
36Kr has learned that the latest "China Video Cloud Market Tracking, First Half of 2024" report released by IDC shows that in the first half of 2024, the scale of China's video cloud market reached nearly 4.81 billion US dollars, with a year-on-year growth of 3.9%. In 2024, the DAU of end users of major audio and video platforms and the average playback duration have stopped falling and stabilized, live-streaming with goods and the continuous growth of demand in some scenarios, and the continuous expansion of the scope of overseas services have all laid the foundation for the recovery of the video cloud market. In the first half of 2024, the scale of China's video cloud infrastructure market reached 3.83 billion US dollars, and the market scale of video content delivery network and video public cloud/exclusive cloud infrastructure reached 1.83 billion and 1.99 billion US dollars respectively.
Hangzhou: The maximum amount of housing provident fund loans has been increased to 1.3 million yuan, with a guaranteed minimum amount of 200,000 yuan for a single person
36Kr has learned that according to the information released by Hangzhou Provident Fund, Hangzhou, Zhejiang Province has issued the "Notice of the Hangzhou Housing Provident Fund Management Committee on Adjusting and Optimizing the Housing Provident Fund Credit Policy", and this notice will be implemented from October 9, 2024. The document requires that the maximum amount of housing provident fund loans be increased from 1 million yuan to 1.3 million yuan, of which the loanable amount for a single contributing employee shall not exceed 650,000 yuan. If the calculated loanable amount for an individual employee is less than 200,000 yuan, it shall be determined as 200,000 yuan.