8:01 AM | Shanghai's minimum wage standard is 2,690 yuan, ranking first in the country; Chengdu authorities refute rumors of a ten-million-yuan demolition compensation; Tianjin cancels the restrictions on housing sales.
Junda New Energy
36Kr learned that according to the announcement of the Hong Kong Stock Exchange, Hainan Junda New Energy Technology Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange. Huatai International, China Merchants Bank International, and Deutsche Bank are the joint sponsors. It is understood that Junda shares have been listed on the A-share market. As of the close of trading on October 15, the share price was 44.58 yuan per share, with a market capitalization of 10.189 billion yuan.
Monjin Yuan
36Kr learned that the Hong Kong Stock Exchange disclosed on October 14 that Monjin Yuan Gold and Jewelry Group Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor.
The Minimum Wage Standards in Various Regions Announced, Shanghai Tops the List Nationwide with 2690 Yuan
Recently, the Ministry of Human Resources and Social Security has released the minimum wage standards in various provinces, autonomous regions, and municipalities directly under the Central Government across the country. The data shows that in terms of the monthly minimum wage standard, Shanghai has the highest at 2690 yuan, topping the list nationwide; the first-tier monthly minimum wage standards in Jiangsu Province and Zhejiang Province are 2490 yuan, ranking second jointly; the minimum wage standards in Jilin, Hunan, Yunnan and other places have been raised.
It is reported that the so-called minimum wage standard refers to the minimum labor remuneration that the employer should pay according to law on the premise that the worker has provided normal labor within the legal working hours or the working hours stipulated in the labor contract signed according to law. Among them, the monthly minimum wage standard is applicable to full-time employed workers, and the hourly minimum wage standard is applicable to part-time employed workers. (Economic Daily, China Newsweek)
The Chengdu authorities refute the rumor of the sky-high demolition compensation: There are relevant policy documents, and it is impossible for a household to be compensated tens of millions.
Cailian Press, October 16th. A picture of Chengdu's demolition circulating on the internet shows that many areas in Chengdu are undergoing demolition, and some netizens claim that the compensation exceeds tens of millions. The reporter of Cailian Press checked the source of the picture on the mini-program (Chengdu Fangxiaotuan) and compared it with the relevant government official website documents. It is found that the relevant demolition projects exist, but they are not suddenly concentrated outbreaks as rumored recently, but occurred successively within one year or a longer period.
The staff of the Chengdu Housing and Urban-Rural Construction Bureau said, "We know this is a rumor, all rumors, and none of them is true." The staff of the Chengdu Planning and Natural Resources Bureau said, "For land acquisition and demolition, there will be a public announcement on our official website. All compensation standards have relevant policy documents on the official website. It is impossible for a person or a household to be compensated tens of millions."
According to Yicai, an insider of a real estate company who has lived in Chengdu for a long time said that the demolition is actually a plan that has always existed, and now it is packaged and said, "Generally, they are old houses that are several decades old, and old farmers' markets." As for the demolition subsidy amount, an insider of a state-owned developer revealed that the current demolition subsidy is basically carried out according to a ratio of 1:1 or 1:1.5, and the demolition subsidy is within 200,000 yuan per person. Moreover, the resettlement houses are all in the distant suburbs. (Cailian Press, Yicai)
Tianjin Cancels Housing Resale Restrictions
On October 16, recently, Tianjin issued the "Notice of the General Office of the Tianjin Municipal People's Government Forwarding the Several Measures of the Municipal Commission of Housing and Urban-Rural Development and Other Six Departments on Further Optimizing Real Estate Policies to Better Meet the Reasonable Housing Needs of Residents", canceling housing restrictive measures. In terms of canceling housing restrictive measures, the "Notice" proposes that, first, the restrictive measures on the purchase and transfer of new commercial housing and second-hand housing in this city are cancelled. The upper limit of the sales price of new commercial housing will no longer be guided. Second, the standards for ordinary housing and non-ordinary housing in this city are cancelled. In terms of implementing the national financial support policy, the "Notice" proposes that, first, the differentiated minimum down payment ratio policy is adjusted. For resident families who purchase housing with loans in this city, commercial individual housing loans no longer distinguish between the first and second sets of housing, and the minimum down payment ratio is uniformly not less than 15%. Second, the pricing of individual housing loan interest rates is optimized, the role of the market interest rate pricing self-discipline mechanism is exerted, and commercial banks are guided to steadily and orderly complete the batch adjustment of the interest rates of existing housing loans. Based on factors such as the borrower's credit status and risk level, the loan interest rate for the newly issued second set of housing is reasonably determined to reduce the burden of home purchase for resident families. Third, the role of the real estate financing coordination mechanism is exerted. In accordance with the principles of marketization and the rule of law, the loan investment in real estate "white list" projects is increased according to law, and commercial banks are urged to implement the loan funds that have been granted as soon as possible, increase the proportion of new financing loans issued, and actively meet the reasonable financing needs of real estate projects. (Caixin)
Toyota, Honda and Nissan Agree to Promote Cooperation in Automotive Software Development
It is reported that Toyota, Honda and Nissan have agreed to cooperate and standardize control software for car door switches and windshield wipers. It is disclosed that Toyota Motor, Honda and Nissan Motor have agreed to promote cooperation in automotive software development and will consider unifying the "body control" specifications, such as the opening methods of doors and windows and the operation methods of windshield wipers, etc. (Jiemian News)
Stellantis expects a 20% year-on-year decline in consolidated shipments in the third quarter of 2024
Stellantis stated that it expects a 20% year-on-year decline in consolidated shipments in the third quarter of 2024, to 1.148 million vehicles. (Jiemian News)
Goldman Sachs: Reiterates "Buy" Rating for Xiaomi Group-W, Raises Target Price to HK$27.8
36Kr learned that Goldman Sachs released a research report stating that it reiterates the "Buy" rating for Xiaomi Group-W and raises the target price from HK$27.5 to HK$27.8. The report said that it continues to see an encouraging trend for Xiaomi Group under the "Human x Car x Home" strategy, and is particularly confident in the strong AIoT data in the third quarter. This is due to the continuous market share growth in key vertical areas (such as white goods and high-end TVs) and the domestic trade-in program.
Chabaidao in Hong Kong stocks once rose by 80%, with a market value of over HK$20 billion.
36Kr learned that Chabaidao in Hong Kong stocks once rose by 80%, with a market value of over HK$20 billion.
Riot Games Announces Layoffs in League of Legends Team: Compensation Includes At Least Half a Year's Salary
Riot Games' co-founder Marc Merrill announced that the company will carry out layoffs, mainly targeting the League of Legends team. Merrill stated, "This is not a cost-cutting layoff but to ensure that we have the right professionals to keep League of Legends shining for the next 15 years or even longer. Although team efficiency is more important than team size, with the next stage of development of League of Legends, the League of Legends team will eventually be larger than it is now." For the dismissed employees, the company will provide severance packages, including at least 6 months' salary, annual bonuses, job placement assistance, medical insurance, etc. (Jiemian News)
Oriental Fortune Securities Successfully Issues 4.3 Billion Yuan Corporate Bonds for Debt Repayment and Working Capital Supplement
36Kr learned that Oriental Fortune announced that its subsidiary, Oriental Fortune Securities, has completed the issuance of the 2024 public offering of corporate bonds (the fourth phase) to professional investors. The specific issuance results are as follows: This bond is issued by inquiry and placement to professional investors offline. The actual offline issuance scale is 4.3 billion yuan. The bond is abbreviated as "24 Dongcai Securities 07", with a term of 2 years and a coupon rate of 2.35%. The issue price is 100 yuan per bond. This bond is planned to be listed and traded on the Shenzhen Stock Exchange, and the raised funds are planned to be used to repay the debts of Oriental Fortune Securities and supplement the working capital of Oriental Fortune Securities.
"Private Equity Witch" Li Bei: Now is a Good Time for Ordinary People to Participate in the Stock Market
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 interest rates of current bank deposits and bank wealth management products, the implied return of the current 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.
JD Logistics Reaches Cooperation with Taobao Tmall: Has Reached Cooperation with a Large Number of Merchants
36Kr learned that on October 16, JD Logistics reached a cooperation with Taotian Group. 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 shown a strong intention to cooperate, and consumers can also query the logistics trajectory of JD Logistics in the App.
Ministry of Commerce: The number of applications and purchases for the national home appliance trade-in program has exceeded 20 million and 10 million respectively
36Kr has learned that according to the Ministry of Commerce, in August, the Ministry of Commerce and other 4 departments issued the "Notice on Further Improving the Work of Home Appliance Trade-in", providing subsidies to consumers who purchase 8 types of home appliance products with energy efficiency or water efficiency standards of level 2 and above. All localities have responded positively and organized the implementation carefully. Currently, the number of applications and purchases for the national home appliance trade-in program has exceeded 20 million and 10 million respectively. The national home appliance trade-in data platform of the Ministry of Commerce shows that as of October 15, 20.667 million consumers have applied, and 10.134 million consumers have purchased 14.624 million units of 8 major types of home appliance products, enjoying a central subsidy of 13.17 billion yuan and driving sales of 69.09 billion yuan.
The GMV of Jiaoge Pengyou's first live stream on Double Eleven exceeded 230 million yuan
On October 14, on the first day of the presale of the 2024 Tmall Double Eleven Shopping Festival, Jiaoge Pengyou got off to 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. (Qianjiang Evening News)
Has the listing plan of HAOMO.AI in Hong Kong been halted by Great Wall? Zhang Kai, Chairman of HAOMO.AI: Not suspended, and the IPO is expected to be achieved in 2025
Recently, there were rumors that Wei Jianjun, Chairman of Great Wall Motor, temporarily halted the Hong Kong IPO plan of HAOMO.AI internally in the near future. In response, on October 16, Zhang Kai, Chairman of HAOMO.AI, stated, "Currently, HAOMO.AI has not suspended its Hong Kong IPO plan, and it is still in progress." Regarding the specific IPO time of HAOMO.AI, Zhang Kai said, "It should be in 2025." (National Business Daily)
Nezha Auto Responds to Salary Arrears Rumors: Salaries of Frontline Staff Have Been Paid, Middle Management and Executives Are Optimizing Equity and Adjusting Salary Structure
On social media, some users who are verified as Nezha Auto employees claimed that the company did not pay the last month's salary on time and owed a lot of money to suppliers. They advised people to be cautious when buying Nezha Auto. In response, an insider from Nezha Auto said that the salaries of the frontline staff have been paid, and the middle management and executives are optimizing equity and adjusting the salary structure. Before the IPO, the rights and interests need to be confirmed, so the payment of some salaries is slightly slower. (The Paper)
GAC Aion and Momenta Sign Strategic Cooperation Agreement
36Kr learned that on October 15, GAC Aion and Momenta signed a strategic cooperation agreement. Xi Zhongmin, Deputy General Manager of GAC Aion, and Cao Xudong, CEO of Momenta, jointly attended the signing ceremony. Both sides will be committed to promoting the research and development and mass production of a more advanced intelligent driving solution, giving full play to the R & D, manufacturing and industrial advantages of GAC Aion, as well as the technical potential of Momenta's intelligent driving large model, accelerating the wide application of intelligent driving technology in the field of new energy vehicles, and providing global consumers with a safer and more reassuring product experience.
The boom of all-solid-state batteries is fading, and automotive giants are considering semi-solid battery alternatives
The commercialization drive of all-solid-state batteries for electric vehicles is progressing smoothly, but analysts say automotive giants may be on the cusp of shifting to another technological change. For a long time, solid-state batteries have been hailed as the "Holy Grail" of sustainable driving. As the name suggests, solid-state batteries contain solid electrolytes made of materials such as ceramics. This makes them different from traditional lithium-ion batteries that contain liquid electrolytes. In theory, this next-generation technology has a higher energy density per unit volume than lithium-ion batteries. Supporters say it can provide electric vehicles with safer, cheaper, more powerful batteries, as well as faster charging times. (Sina Finance)
Huawei's New Patent for Brain-Computer Interface Chip Exposed, It Is Its Second Brain-Computer Interface Patent
On October 16, the Sci-Tech Innovation Board Daily reported that recently, a patent named "Method for Controlling a Stimulator, Stimulator, Brain-Computer Interface System and Chip" was published on the website of the National Intellectual Property Administration, and the inventor of the patent is Huawei Technologies Co., Ltd.; This patent provides a method for controlling a stimulator, a stimulator, a brain-computer interface system and a chip. (Cailian Press)
Intel and AMD Announce the Establishment of the X86 Ecosystem Advisory Group
At Lenovo Tech World held today, Intel and AMD announced the establishment of the X86 Ecosystem Advisory Group. Intel CEO Pat Gelsinger said that X86 is booming, and the X86 architecture, which has been the computing foundation for decades, is about to undergo a period of customization, expansion, and scalability, which is the opportunity brought by artificial intelligence. AMD Chairperson and CEO Lisa Su said that AMD and Intel, together with all founding members, have established the X86 Ecosystem Advisory Group, which will accelerate the development of computing power. (Jiemian News)
Morgan Stanley's trading business revenue soars, and its stock price registers the largest increase in nearly four years
Morgan Stanley's traders and bankers have joined their counterparts at other Wall Street rivals in reporting better-than-expected revenue figures, driving a 32% surge in third-quarter profits and spurring the stock price to register the largest increase in nearly four years. The bank said in an announcement on Wednesday that its trading business revenue increased by 13% in the third quarter. Prior to this, the bank's biggest competitors also recorded significant growth due to a strong market business and a steady rebound in investment banking fee income. Morgan Stanley's wealth management business generated $7.27 billion in revenue, higher than analysts' expectations, and net new assets reached $64 billion. (Sina Finance)
Apple App Store Seems to Have Malfunctioned
On the evening of October 16, many netizens in the Chinese region reported that the Apple App Store seemed to have malfunctioned, and they were unable to download applications through it. As of 23:25, the Apple official website's system status interface did not show any related malfunctions. (Jiemian News)
It is reported that the slow commercialization of Samsung Electronics' HBM3E may be related to the DRAM process, and the company is considering redesigning the 1a DRAM circuit
According to industry sources, the slow commercialization of Samsung Electronics' HBM may be related to the DRAM core chip of HBM. The performance of 1a DRAM has hindered Samsung Electronics from providing mass production supply of HBM3E to NVIDIA. According to insiders, Samsung is internally discussing the plan to redesign part of the 1a DRAM circuit, but a final decision has not been made yet, as this decision needs to bear various risks. If the redesign is carried out, it is expected that it will take at least six months to complete the product, and mass production will not be achieved until the second quarter of next year. (Caixin)
Eni Group Executive: Will Increase Investment in China's Renewable Energy Sector
On October 16, at the 14th Asia-Pacific Shale Oil and Gas and Unconventional Energy Conference being held in Shanghai, Gianni Di Giovanni, Global Executive Vice President of Italian Eni Group and Chairman of Eni China Board, said in a video speech that Eni Group will increase its investment in the Chinese market, especially in the renewable energy sector. (Shanghai Securities News)
Stellantis Is Reportedly Planning to Produce Ram Pickup Trucks in Mexico
According to sources familiar with the matter, on October 16, Stellantis is currently expanding its factory in northern Mexico to produce Ram 1500 pickup trucks. (Jiemian News)
The App with the Largest Number of New Downloads in South Korea in September: Temu Ranks First, TikTok lite Ranks Third
According to the news released by the big data analysis platform "Mobile Index" on October 16, in September, the number of new App downloads of Temu in South Korea was 868,000, ranking first; the American social platform "Instagram" ranked second with 760,000; TikTok lite ranked third with 707,000. (Jiemian News)
First Approval: Unit 1 of Japan's Takahama Nuclear Power Plant to Operate for More Than 50 Years
According to the news on the 16th local time, the Nuclear Regulation Authority of Japan approved the safety regulations for the management policy of Unit 1 of the Takahama Nuclear Power Plant operated by Kansai Electric Power Company for the next 10 years on the same day. It is understood that the unit will reach its 50th year of operation in November this year. This is the first time that Japan has approved the operation of a nuclear power plant unit for more than 50 years. (CCTV News)
South Korea to Provide 8.8 Trillion Won in Financial Support for 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 (approximately $6.45 billion) 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. (Sina Finance)
ZeroOneEverything's New SOTA Flagship Model Unveiled, First in Chinese Large Models to Surpass GPT-4o
36Kr has learned that on October 16, following the trillion-parameter model Yi-Large, ZeroOneEverything officially released its new flagship model Yi-Lightning. On the internationally 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.
Dane Stuckey, Former Palantir Executive, Becomes Co-Chief Information Security Officer of OpenAI
On October 16, it was reported that OpenAI has hired Dane Stuckey, a former executive of Palantir Technologies, as the Co-Chief Information Security Officer. Previously, Stuckey served as the Chief Information Security Officer at Palantir. (Jiemian News)
Volcano Engine Feilian Debuts Large Model IT Empowerment Platform, Facilitating Intelligent Enterprise Office Work
36Kr has learned that on October 16, Volcano Engine held the Feilian New Product Launch Conference in Shanghai, launching the industry's first large model IT empowerment platform. It is introduced that this platform is connected to the Doubao large model. Through the All in One product architecture, it uniformly manages the core elements of IT such as identity, network, terminal, and data, and implements AI applications in multiple scenarios, helping enterprises improve IT management efficiency and employee office experience.
The application of AI continues to deepen, breaking the "impossible triangle" in the gaming industry
Video games with clear rules and strong competitiveness have always been the "frontier" for AI experiments and applications. Game companies are one of the groups that are most actively investing in AI. In the past two years, major domestic game companies have been continuously increasing their investment in AI, and many game companies have launched their own self-developed large-scale model products. AI has already been applied to various links of game development and operation, bringing benefits to game companies while providing players with a better gaming experience. There has always been an "impossible triangle" of cost, quality, and efficiency in the gaming industry. Industry insiders believe that the application of AI may be the key factor to break the "impossible triangle" in the gaming industry. With the continuous deepening of AI applications, the productivity of the gaming industry is undergoing a round of transformation. (Securities Times)
"Dennopharm" Announces Completion of the First Tranche of Over 300 Million RMB Series E Financing
"Dennopharm" announces the completion of the first tranche of over 300 million RMB in Series E financing. This round of financing is jointly led by Zhongshan Venture Capital under Zhongshan Investment Control and AMR Action Fund (AMR Fund). The funds obtained will be used to support the core new drug research and development pipeline, including the late-stage clinical trials and commercialization of the new drug candidate TNP-2198 for the treatment of Helicobacter pylori infection and the new drug candidate TNP-2092 for the treatment of implantable medical device infections. (Caijing.com)
"Juntong Future" Completes Angel Round Financing of Several Ten Million Yuan
36Kr has learned that "Juntong Future" has recently completed an angel round financing of several ten million yuan. This round of financing is jointly invested by Delian Capital, Linghui Venture Capital, etc., and Navigating Capital serves as the exclusive financial advisor.
Amazon Releases Its First Color Screen Kindle, Priced at $279
Amazon released a new Kindle e-reader on Wednesday, which features a color display for the first time ever. The retail giant introduced the Kindle in 2007, and since then, every device has had a black-and-white screen. The display of the new Kindle is designed to ensure that even when users zoom in on images, there will be no color fading or pixelation. Amazon claims that the $279 device, Kindle Colorsoft, "has a battery life of several weeks". It is now available for pre-order and will be shipped on October 30. (Sina Finance)
Lenovo Launches AI Now: Personal Computing is Transforming into AI Personalized Computing
36Kr has learned that Lenovo Group announced a series of AI products, technologies, and solutions at Tech World. Among them, Lenovo AI Now - the personal AI agent on Lenovo PCs, was officially launched globally. Personal computing is transforming into artificial intelligence-supported personalized computing. For artificial intelligence, Lenovo released the sixth-generation Neptune liquid cooling technology, reducing power consumption by 40%.
How Do Overseas Short Dramas Earn Money with "Overbearing CEOs"?
"Overbearing CEOs" have become popular worldwide. Are foreigners also willing to pay for "vulgar" content? With a monthly income of nearly 100 million, who is making money overseas? What new ways are there for brand-customized short dramas?
At 7 p.m. on October 17th (this Thursday), the Going Global Season invites Su Xing, the head of the Short Drama Division of Meetsocial Group, and Lancy Wu, the Investment Director of MPU (FlexTV), to join us and talk about: How Do Overseas Short Dramas Earn Money with "Overbearing CEOs"? Come and make your reservation now.
Young People's "Drinking" Mini Survey
Drinking, an entertainment activity that used to sound like it belonged exclusively to middle-aged people, has now become a life-sustaining remedy for young people to "get rid of the work flavor". From nightclubs to convenience stores, from bars to the streets, contemporary young people are actively exploring new forms and scenarios of drinking - some people buy cocktail-making sets and try to make their own cocktails at home. It's not that they can't afford to drink in a quiet bar; it's more cost-effective to replicate at home. Some people bring the baijiu from social occasions back home and mix it with tea. After the post-00s put down beer, a baijiu craze has emerged...
This traditional social and entertainment way of drinking is being quietly subverted by young people. Which type of alcohol do you prefer? In the midst of busy work and study, how are everyone enjoying the slightly tipsy moments brought by alcohol? Welcome to scan the QR code to participate in our "Young People Drinking" mini survey and share your drinking preferences with us~
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Organized by | Chengjiahui