8:01 AM | The Ministry of Finance agrees to destroy 28 instant lottery varieties; The owner of the Maybach with a water leakage problem responds; SpaceX successfully recovers the Starship for the first time.
TOP3 Big News
The Ministry of Finance agrees to destroy 28 instant lottery tickets, including 28 instant welfare lottery tickets such as "Liu Liu Shun".
According to the news from the Ministry of Finance on October 12, the Ministry of Finance agrees that the China Welfare Lottery Issuance and Management Center uses the crushing method to destroy 28 kinds of instant welfare lottery tickets that have stopped selling, such as "Liu Liu Shun", with a total of 988,600 tickets and a total face value of 10,004,600 yuan. The Ministry of Civil Affairs and the General Administration of Sport will supervise the destruction work, requiring it to be completed within 30 working days, and the destruction report should be submitted within 20 working days after the completion. (Cailian Press)
Maybach New Car Owner Responds to Dealer's Statement: Full of Perfunctory Explanations
Recently, a Maybach owner reported that he found water leakage from the A-pillar on the passenger side two days after purchasing the car. The new car was disassembled repeatedly, but the 4S store failed to find the cause of the fault. On October 12, the dealer "Mercedes-Benz Suzhou Yuanxing" issued a statement in response to the "Maybach Water Leakage Incident". The statement said that on July 11, with the customer's authorization and consent, a light disassembly and inspection of the relevant positions of the vehicle was carried out to identify the water seepage area. In order to further lock the water seepage point, it was suggested that the customer remove the strip-shaped glass element, but the customer strongly opposed, and the disassembly and maintenance were stalled. The Maybach dealer said that they had no choice but to call the police for help many times. In the recent on-site communication when entering the store, the two sides did not reach an agreement on the compensation plan.
On October 13, the owner of the Maybach with water leakage responded to the statement of "Mercedes-Benz Suzhou Yuanxing" on Weibo, saying that for a big brand, in the face of such a problem, instead of apologizing for the product quality and arrogant service attitude, it is full of perfunctory explanations. (The Beijing News, Guoshi Zhitongche)
SpaceX Successfully Recovers Starship for the First Time
On October 13, during the fifth Starship test flight, SpaceX successfully used the "chopstick" robotic arm on the launch tower to clamp the first-stage Super Heavy Rocket, achieving an important goal of this launch mission. More than two minutes after the Starship was launched, the first-stage Super Heavy Rocket separated from the Starship and began to return. More than six minutes after the Starship launch, the first stage was successfully clamped by the "chopstick" robotic arm on the launch tower. This is SpaceX's first attempt to recover the first stage of the Starship. Next, the second stage of the Starship will continue to fly and is preparing for a controlled splashdown in the Indian Ocean. (Sina Finance)
Big Companies/Big Events
All products in Dongbei Yujie's showcase have been removed, and consumers can demand a refund and three times the compensation from Dongbei Yujie.
On October 12, the Market Supervision and Administration Bureau of Benxi County, Liaoning Province, imposed a penalty on "Yujie Media". The internet celebrity "Dongbei Yujie" engaged in false publicity, and a total of 1.65 million yuan was confiscated as illegal gains and fines; Yujie Media was ordered to suspend business for a limited period of rectification and bear relevant legal responsibilities. The reporter checked the platform account of "Dongbei Yujie" and found that all products in the showcase have been removed. Fu Jian, the director of Henan Zejin Law Firm, believes that consumers can demand a refund and three times the compensation from "Dongbei Yujie". (Red Star News)
Chinese equity funds saw an inflow of nearly $40 billion in a single week, setting a historical record for the second consecutive week
"In the first week of October trading, the inflow of funds into Chinese equity funds reached a historical high at a rocket-like speed," EPFR, a global fund monitoring platform, wrote in the latest weekly report. This is the second consecutive week that the weekly inflow into Chinese equity funds has set a historical record. In the week ending October 9, all emerging market equity funds tracked by EPFR had a net inflow of $40.9 billion, led by the inflow of funds into Chinese equity funds. The Chinese stock market witnessed an inflow of approximately $39 billion, setting another historical high, including $30 billion from domestic investors and $9 billion from overseas investors. (Shanghai Securities News)
PKU Alumni Deny That "Tingquan Jianbao" Is a PKU Graduate, and the School Information of Tingquan Jianbao Has Been Changed
Recently, the announcement of the temporary suspension of the online celebrity blogger "Tingquan Jianbao" has attracted attention. On October 12, the reporter found that the real-name authentication information of the account "Tingquan Jianbao" is Ding Xiangxu, and the school information of the account has been changed from "Peking University" to "Girls' Middle School". The reporter learned from an alumnus of the School of Archaeology and Museology of Peking University that Ding Xiangxu is not a graduate of that school. (Cover News)
Vice Minister of Finance Guo Tingting: The number of national scholarship awards will double in 2024
Securities Times Online News, Vice Minister of Finance Guo Tingting said at a press conference held by the Information Office of the State Council on October 12 that the number of national scholarship awards will double in 2024. The number of national scholarships for undergraduate and junior college students will increase from 60,000 to 120,000 per year, and that for master's students will increase from 35,000 to 70,000. The reward standard for undergraduate and junior college students will be raised, and the national reward standard for undergraduate and junior college students will be increased from 8,000 yuan per student per year to 10,000 yuan. (Securities Times)
National Bureau of Statistics: The price of fresh vegetables rose by 22.9% in September
In September, the prices of food, tobacco and alcohol increased by 2.3% year-on-year, affecting the CPI (Consumer Price Index) to rise by about 0.66 percentage points. Among the foods, the price of fresh vegetables increased by 22.9%, affecting the CPI to rise by about 0.48 percentage points; the price of fresh fruits increased by 6.7%, affecting the CPI to rise by about 0.13 percentage points; the price of livestock meat increased by 3.8%, affecting the CPI to rise by about 0.12 percentage points, among which the price of pork increased by 16.2%, affecting the CPI to rise by about 0.21 percentage points; the price of aquatic products increased by 2.0%, affecting the CPI to rise by about 0.04 percentage points; the price of eggs decreased by 4.1%, affecting the CPI to decrease by about 0.03 percentage points; the price of grain decreased by 0.7%, affecting the CPI to decrease by about 0.01 percentage points. (Securities Times)
"Black Myth: Wukong" Helps Game Science Rank Among the Top Steam Publishers in Terms of Revenue, with a Total Income Exceeding $1 Billion
According to the latest data from the Steam statistics platform Gamalytic, the domestic game developer Game Science has successfully entered the top Steam publishers ranking, ranking 12th, surpassing well-known companies including CD Projekt Red, FromSoftware, and Larian Studios. This ranking is calculated based on the game revenue on the Steam platform. The data shows that Game Science's total income has exceeded $1 billion (approximately 7.071 billion yuan). Currently, Game Science has released two games on Steam, namely "Art of War: Red Tides" and "Black Myth: Wukong", and the average income of these two games has reached $500 million. "Art of War: Red Tides" was launched as a free game in December 2016 and received a "Very Positive" evaluation from players. (The Wall Street Journal)
Many funds announce to prematurely end the fundraising period
Many funds announce to prematurely end the fundraising period. In the heating market, many equity funds have emerged among the products that prematurely end the fundraising. In addition to 10 A500ETFs competing on the issuance side, there are also active equity products such as Hui Tian Fu Dividend Smart Selection and Huatai Baoxing Industrial Upgrade that prematurely end the fundraising. (Cailian Press)
Samsung Electronics Encounters a Cold Winter, with Its Market Value Shrinking by Nearly 90 Trillion Korean Won
36Kr has learned that according to the data released by the Korea Exchange, from last month (March) to this month's 11th, foreign investors have been selling Samsung Electronics for 23 consecutive trading days, totaling 10.6593 trillion Korean won (approximately 55.8 billion yuan). During this period, Samsung Electronics' stock price plummeted from 74,400 Korean won to 59,300 Korean won, a decline of 20.3%. Its market value dropped from 444 trillion Korean won to 354 trillion Korean won, evaporating nearly 90 trillion Korean won. As of the end of the month, the proportion of foreign holdings in Samsung Electronics decreased from 56.02% in August to 53.75% in September, a drop of 2.27 percentage points. This is the largest decline since 2004.
Cen Haohui was elected as the sixth Chief Executive of the Macao Special Administrative Region with a high number of votes.
The election of the sixth Chief Executive of the Macao Special Administrative Region was held on October 13. Cen Haohui was elected as the sixth Chief Executive of the Macao Special Administrative Region with a high number of votes. (CCTV News)
Yonghui Supermarket: Received Notice of Acceptance of Arbitration Case from Shanghai International Arbitration Center
36Kr learned that Yonghui Supermarket announced that it has received a notice of acceptance of an arbitration case from the Shanghai International Arbitration Center. It requests that Dalian Yujin immediately pay the remaining share transfer price of RMB 3,639,089,070.93 to the company, as well as an accelerated due liquidated damages of RMB 218,345,344.26. At the same time, it requests that Dalian Yujin immediately pay the company the legal fees of RMB 2,001,017.21 incurred for this case. It requests that Mr. Wang Jianlin, Mr. Sun Xishuang, and Dalian Yifang Group Co., Ltd. assume joint and several liability for the aforementioned remaining share transfer price, accelerated due liquidated damages, and legal fees totaling RMB 3,859,435,432.40. It requests that the respondents bear all arbitration costs for this case. Given that the case has not yet been heard in court, the subsequent trial results are uncertain, and therefore the impact on the company is also uncertain.
The 2024 Report on China's Top 500 Private Enterprises Reveals that the Internet Industry Leads in R&D Investment
36Kr has learned that on October 12, the All-China Federation of Industry and Commerce released the list of "2024 China's Top 500 Private Enterprises" and the "Research and Analysis Report on 2024 China's Top 500 Private Enterprises". The report shows that this year, a total of 30 top 500 private enterprises have been shortlisted in the Fortune Global 500 list. Among the R&D investment list, the top three enterprises are: Huawei, Tencent, and Alibaba; Internet companies account for half of them, and Tencent has ranked first in the Internet industry's R&D investment for two consecutive years. Tencent's R&D investment reached 64.078 billion yuan in 2023, and its cumulative R&D investment since 2018 has exceeded 300 billion yuan.
Zong Qinghou Steps Down as Chairman of Wahaha Changsheng Convenient Food Company
36Kr has learned that the Aiqicha App shows that recently, Zhejiang Wahaha Changsheng Convenient Food Co., Ltd. has undergone several industrial and commercial changes, including changes in the type of market entity and the filing of senior management personnel. After this change, Zong Qinghou stepped down as chairman, Zhu Lidan succeeded Li Yang as the legal representative and manager, and Zong Fuli remains a director of the company.
A Product of a High-End Korean Infant and Toddler Food Supplement Enterprise Exceeds Bacterial Limits
According to the latest news released by the Korea Food and Drug Safety Ministry on the 11th, a product of a well-known high-end infant and toddler food supplement enterprise in Korea has exceeded bacterial limits. The Korea Food and Drug Safety Ministry informed consumers who purchased the relevant products to immediately stop consuming and return them, and at the same time requested that Gimpo City, Gyeonggi Province, promptly recall the relevant products. It is worth noting that the enterprise involved has obtained the national food safety management certification in Korea. (Cailian Press)
Boeing to Lay Off 17,000 Workers and Delay Delivery of First 777X Aircraft
Boeing's CEO, Kelly Ortberg, said on the 11th that the company will lay off 17,000 employees, accounting for 10% of its global workforce. It will delay the delivery of the first 777X aircraft by one year, and it is expected that there will be a significant number of new losses in its defense business, as the one-month strike has dealt a heavy blow to the company's finances. Ortberg stated in a letter to employees that after the strike by approximately 30,000 workers on the US West Coast led to the suspension of production of its 737 MAX, 767, and 777 aircraft, the company must readjust the number of employees "to align with our financial reality". (Sina Finance)
The Cutting Edge of AI
The scale of China's core artificial intelligence industry is continuously increasing, with over 600 million registered users.
The Chief Engineer of the Ministry of Industry and Information Technology, Zhao Zhiguo: The scale of China's core artificial intelligence industry is constantly expanding, with the number of enterprises exceeding 4,500. Nearly 200 generative artificial intelligence service large models that have completed the filing and been launched to provide services to the public, with more than 600 million registered users. (CCTV News)
Organized by | He Yuting