Krypton Evening Post | JD Logistics reaches cooperation with Taobao Tmall: It has reached cooperation with a large number of merchants; Zhang Deqin, Chairman of Kweichow Moutai: The cumulative dividends in the 23 years since its listing have exceeded 271.4 billion yuan; Analyst: The Bank of England should be vigilant as inflation may rise again.
Big Companies:
The 2024 ESG Global Leaders Conference opened in Shanghai on October 16. Zhang Deqin, Chairman of Moutai, said in his speech that Moutai adheres to the core values of "Respecting Nature and People, Understanding Principles and Having Virtue", integrates with the ESG concept, and fulfills corporate responsibilities. He said, "For investors, we adhere to the dividend policy with the greatest sincerity. The cumulative dividends in the 23 years since listing exceed 271.4 billion yuan, which has garnered a high degree of recognition from investors; For distributors, we continue to build and improve the Moutai marketing system, innovate the 'Inheritor' working mechanism, and actively support inheritors to integrate into the Moutai business; For suppliers, we incorporate ESG evaluation into supply chain management, establish the 'Chain Head System', and enable the majority of suppliers to actively participate in corporate governance and jointly build an industrial ecosystem."
On October 15, after the media open day on the 14th, the Paris Motor Show in France officially opened to the public. Electric vehicles, batteries and other related products of Chinese brands have received widespread attention from European enterprises. Many representatives of European exhibitors have shown great interest in the entire industrial chain products of Chinese electric vehicles, and believe that the competition between Europe and China in electric vehicles should return to the market orientation itself. For European automakers, China plays an important role in providing raw materials and batteries, and the two sides should work together in the field of electric vehicles.
36Kr has learned that the China Cyberspace Security Association announced that it is recommended to systematically investigate the cybersecurity risks of Intel products. Intel's US stocks plunged straight before the market opened, and now it is down 1.7%.
Walt Disney (China) Co., Ltd. Consumer Products Department Debuts at the 2024 CTE China Toy Expo
36Kr has learned that the Consumer Products Department of Walt Disney (China) Co., Ltd. made its debut at the 2024 CTE China Toy Expo. Four toy licensing partners announced a series of new theme products, including Ravensburger's Disney Lorcana collectible card game, Bloks' Marvel series building block character toys, Robosen's Buzz Lightyear-themed robot, and Hot Toys' COSBABY Q-version figurines and COSBI blind boxes.
36Kr has learned that on October 16, JD Logistics and Taotian Group reached a cooperation. Merchants on the Taobao Tmall platform will be able to choose JD Logistics as a service provider. Currently, the docking system between the two sides has been basically completed. Merchants on the Taobao Tmall platform have expressed a strong willingness to cooperate, and consumers can also query the JD Logistics trajectory in the App.
Jiaoge Pengyou's First Live Stream on Double Eleven Achieves GMV of Over 230 Million Yuan
On October 14, on the first day of the presale of the 2024 Tmall Double Eleven Shopping Festival, Jiaoge Pengyou had a great start. According to statistics, the cumulative transaction amount (GMV) of Jiaoge Pengyou's Taobao live stream exceeded 230 million yuan, attracting more than 28.94 million viewers to watch online, and the number of traded products exceeded 560,000.
According to people familiar with the matter, Saudi Aramco and its subsidiary Saudi Basic Industries Corporation will not continue to build a 400,000-barrel-per-day refinery and petrochemical plant in Ras Al Khair on the eastern Gulf coast of Saudi Arabia, and the proposal to relocate the project to Jubail has also been shelved. People familiar with the matter said that the uncertainty of demand intensity has made Saudi Aramco reconsider this multi-billion-dollar infrastructure project. Saudi Aramco is readjusting its capital expenditure on chemicals in Asia and is seeking a series of transactions in China to ensure the long-term demand for Saudi crude oil in Asia.
Netizens certified as Nezha Automobile employees on social media said that the company did not pay the salary of last month normally, and the company owed a lot of money to suppliers, advising everyone to be cautious when buying Nezha Automobiles. In response, an insider of Nezha Automobile responded that the salaries of the company's front-line staff have been paid, and the middle and senior management are conducting equity optimization and salary structure adjustment. Before the IPO, the equity needs to be confirmed, so the payment of some salaries is slightly slower.
Sam's Club's 50th Store in China Will Open in Dongguan
36Kr has learned that Walmart China announced that Sam's Club Dongguan Store will officially open on October 18. This is the first store of Sam's Club in Dongguan and the 50th store in China.
New Products:
36Kr has learned that on October 16, after the trillion-parameter model Yi-Large, ZeroOne Universe officially released the new flagship model Yi-Lightning. On the international authoritative blind test list LMSYS, Yi-Lightning surpassed the well-known Silicon Valley OpenAI GPT-4o-2024-05-13 and Anthropic Claude 3.5 Sonnet, ranking sixth in the world and first in China.
Investment and Financing:
Tokyo-based Toho Co., Ltd. Acquires American Animation Distributor GKIDS
Japanese entertainment group Toho Co., Ltd. announced on Wednesday that it will acquire a major American animation distributor, the latest move by the company to enter the animation market and expand overseas. According to a statement on Wednesday, Toho's US subsidiary will acquire 100% of the shares of New York-based GKIDS, which will become a wholly-owned subsidiary, and the current CEO and president will remain in their positions. The financial terms of the transaction were not disclosed.
South Korea Will Provide 8.8 Trillion Won in Fiscal Support for the Chip Industry
South Korea's Ministry of Finance said on Wednesday that it plans to provide low-interest loans and other support worth 8.8 trillion won (about 6.45 billion US dollars) to the semiconductor industry by next year to enhance the competitiveness of this advanced industry. This is one of the implementation plans of the 26 trillion won comprehensive support plan announced by South Korean President Yoon Suk Yeol in June this year.
KKR is Reportedly Going to Sell Goodpack
According to reports, sources said that KKR & Co will begin to sell Singapore-based Goodpack, and the transaction may value the container and logistics service provider at around 1.8 billion US dollars. KKR & Co has hired Deutsche Bank and others to advise on the sale and will launch a formal process in the coming weeks.
Today's Views:
36Kr has learned that according to the official WeChat account of Banxia Investment, "Private Equity Witch" Li Bei wrote that now is a good time for ordinary people to participate in the stock market. Currently, the position and valuation of the Chinese stock market are at a relatively low level in history. Compared with the current interest rates of bank deposits and bank wealth management products, the implied return of the Chinese stock market (including A-shares and Hong Kong stocks) is much higher. Now the Chinese government has clearly defined the policy goal of boosting the stock market, and the regulatory authorities have introduced a series of policy measures. The goals are: to improve the level of corporate governance, increase dividends, improve the quality of listed companies, and improve investor returns.
Analyst: The Bank of England Should Be Alert as Inflation May Rise Again
Matthew Chapman, Deputy Partner of McKinsey & Company, pointed out in a research report that the UK has reached an important turning point. The inflation rate in the UK dropped to 1.7% in September, lower than the Bank of England's inflation target of 2%. However, the important question at present is whether the inflationary pressure in the UK may accumulate again. He said that the rising rate of housing costs is more than four times the current inflation rate. At the same time, the rise in crude oil prices may push up the cost of driving, and energy costs in the UK will increase by 10% from October. As winter approaches, this will have an impact on households.
Other News Worth Noting:
36Kr has learned that the Office of the Commissioner of the Ministry of Foreign Affairs in Hong Kong issued a notice. In order to facilitate the personnel exchanges between Hong Kong and the mainland and help Hong Kong better integrate into the national development overall situation, from now on, the Office of the Commissioner of the Ministry of Foreign Affairs in Hong Kong will provide more convenient visa policies for foreign Hong Kong permanent residents and foreign Hong Kong residents. The above-mentioned personnel can be issued multiple visas with a maximum validity period of 5 years and a stay period of no more than 180 days for engaging in business, tourism, family visits, visits and other activities in the mainland.