Krypton Evening Post: China Feihe: The remarks such as "Feihe imports raw materials from Japan" are untrue, and legal responsibility will be pursued; Tencent responds to the authenticity of job positions in the new function "Jobs Nearby"; Apple announces to provide support for nature education in China's national parks.
Big Companies:
Universal Music Reaches Exclusive Cooperation with iQIYI's "The Rap of China 2024"
36Kr has learned that Universal Music Greater China, the business branch of Universal Music Group, the global leader in the music and entertainment field, announced today that it has reached a strategic agreement with iQIYI, the leading video streaming platform in China. According to the agreement, Universal Music will globally exclusively release the future music works of the signed contestants of "The Rap of China 2024" and provide comprehensive support for their music careers.
36Kr has learned that Heilongjiang Feihe Dairy Co., Ltd. issued a statement through official channels stating that recently, a large number of false statements such as "Feihe imports Japanese raw materials" have appeared on the Internet. These statements not only mislead consumers but also have a seriously adverse impact on Feihe's brand reputation. Feihe has reported the case to the public security organs, and the police have filed the case for investigation.
Samsung May Delay Receiving Chip Equipment Provided by ASML for Its New US Factory
It is reported that informed sources revealed that Samsung Electronics has postponed the receipt of ASML chip manufacturing equipment for its upcoming factory in Texas, USA, because the company has not yet won any major customers for the project. Insiders said that Samsung has also temporarily suspended placing orders with some other suppliers of this $17 billion factory in Taylor.
On the afternoon of October 17, Tencent's official account published an article announcing the launch of a new function, "Nearby Jobs". Tencent mentioned in the article that through the mini-program, job positions provided nearby can be found. This move is a new capability provided by Tencent for the "Gig Economy Market". Currently, it is being piloted and promoted in Jiangmen, Guangdong. As soon as this function was launched, many netizens raised questions about how the platform reviews the authenticity of job positions. In response, Tencent said that taking Jiangmen as an example, the cooperative platform of the "Gig Economy Market" is a platform under Guangdong Post Branch, and the uploaded jobs have been reviewed. In the future, the "Gig Economy Market" will be gradually promoted to other cities, and the cooperative platforms in other cities will also be formal platforms with a complete review mechanism.
Xiaoyuan Learning and Practice Machine Sales Exceed 1 Million Units
36Kr has learned that according to the recent data of Lotu Technology, as of September this year, the full-channel sales of Xiaoyuan Learning and Practice Machine have exceeded one million units, reaching 1.038 million units, only 16 months after the product was officially released. According to another set of the latest market data on learning tablet devices, in the first half of this year, Xiaoyuan Learning and Practice Machine has won the top sales of learning tablets. It is understood that since its launch, Xiaoyuan Learning and Practice Machine has received widespread attention from users with the innovative integration of e-ink screen and AI education.
On October 17, sources revealed that Intel is seeking to sell a minority stake in its programmable device manufacturing division, Altera, to raise billions of dollars in cash. It is reported that Intel sent invitations to some private equity firms and strategic investors regarding Altera's shares this week. Insiders said that Intel hopes the potential transaction will value Altera at nearly $17 billion. Intel acquired Altera for $16.7 billion in 2015.
JD Finance Responds to Rumors of a Run: Relevant Statements Are Completely Untrue
36Kr has learned that today, JD Finance officially responded to the rumors of a run: There is no "run" on the JD Finance platform as rumored on the Internet, and the relevant statements are completely untrue. Users' funds on the JD Finance platform are managed by licensed financial institutions, subject to legal supervision and protection, and all kinds of financial products are operating normally. Publishing inflammatory statements on the Internet and maliciously inciting users to "run" is suspected of violating relevant national laws and regulations, disrupting the financial market order, and affecting the stability of the financial system. JD reserves the right to pursue legal responsibility.
Tesla's Supercharger Network Surpasses 60,000 Globally
36Kr has learned that Tesla's official blog announced that the number of Tesla Superchargers has surpassed 60,000 globally. Up to now, more than 2,000 Tesla Supercharger stations and 11,622 Tesla Superchargers have been built and opened in mainland China.
Apple Announces Support for Nature Education in China's National Parks
Apple has announced a donation to the China Green Carbon Foundation to create nature conservation training and education opportunities in five national parks in China. In the next few months, the China Green Carbon Foundation will convene to establish a National Park Innovation Alliance working group, including outstanding universities, research institutions, and non-governmental organizations in China. The working group will consult with experts in the global ecological conservation and restoration field to design and implement new education projects, and Apple will provide support for this project.
36Kr has learned that JD's Promotion Marketing Team issued a statement saying, "Recently, the participation of relevant talk show actors in JD's 11.11 marketing activities has attracted the attention of netizens. If this has brought you a bad experience, we sincerely apologize! Subsequently, we have no cooperation plans with the relevant actors. We will further increase the subsidy intensity of JD's 11.11 to repay consumers' concern and support for JD."
New Products:
Chery's All-Solid-State Battery to Be Mass Produced in 2027
At the 2024 Chery Global Innovation Conference held today, the Chery brand announced that the all-solid-state battery will be put into directional operation in 2026 and mass-produced in 2027.
Amazon AWS: The System Equipped with NVIDIA's New AI Chip Delayed until Early 2025
Amazon Web Services (AWS), the world's largest cloud computing provider under Amazon, said that the new system equipped with NVIDIA's Blackwell chip may not be available until early next year, later than originally expected. When NVIDIA launched its new generation of processors in March this year, it said that partners such as Amazon would be ready with Blackwell-based products by the end of 2024. However, due to NVIDIA's redesign of the chip, Amazon is still waiting to put a large number of chips into its data centers. Matt Garman, AWS's CEO, said on Thursday that NVIDIA's schedule has "changed".
Investment and Financing:
K Bank, a Korean Online Lending Bank, Withdraws Its IPO Plan
K Bank, a Korean online lending bank, has withdrawn its IPO plan. It is understood that K Bank said it will seek an IPO again early next year.
Li Yunze, the director of the National Financial Regulatory Administration, said at the 2024 Financial Street Forum Annual Conference that it supports financial asset investment companies to play a greater role in supporting scientific and technological innovation. At present, the signed intentional scale of the new batch of 18 pilot cities has exceeded 250 billion yuan.
36Kr has learned that Lixin Pharmaceuticals has recently successfully completed a 300 million yuan C1 round of financing. This round of financing is led by the well-known domestic industrial party China Biopharmaceutical, with Pudong Venture Capital and Zhangjiang Haoheng jointly participating. The old shareholders Qiming Venture Capital and Shanghai Biomedical Fund followed the investment, and Zhonglun served as the legal advisor for this round of financing. The raised funds will be mainly used to accelerate the clinical progress of the company's clinical-stage pipelines, especially LM-302 and LM-108, and to support the company's independent R & D antibody discovery platform, the next-generation ADC technology platform, and the bispecific antibody technology platform, continuously generating innovative pipelines with international competitiveness.
Today's Views:
Goldman Sachs Predicts the Fed Will Cut Interest Rates for Six Consecutive Times
According to Reuters, Goldman Sachs predicted in the latest report that the Fed will cut interest rates by 25 basis points for six consecutive times from November 2024 to June 2025, with the final interest rate target range between 3.25% and 3.5%. The "Fed Watch" tool of the Chicago Mercantile Exchange shows that the market currently expects a 94.1% possibility of the Fed cutting interest rates by 25 basis points in November.
Wang Wei, the former director and second-level researcher of the Market Economy Research Institute of the Development Research Center of the State Council, said that the recovery of residents' consumption capacity is closely related to the overall economic growth, and the second is closely related to employment. Now, more attention needs to be paid to employment in the service industry. "Now the service industry is the largest employment sector, so in the overall economic recovery process, more attention should be paid to employment in the service industry, especially the current service industry, including digital, educational, and technical service industries, etc., which are areas that young people are more pursuing. Therefore, it is very important to strengthen policy support for employment in the service industry." She emphasized.
Other News Worth Noting:
Sheng Laiyun, the deputy director of the National Bureau of Statistics, said at a press conference of the State Council Information Office that the CPI increased by 0.4% year-on-year in September, with a month-on-month flat. From the year-on-year data, it has declined compared to the previous month. There are mainly three reasons. First, the month-on-month increase in food prices has declined. Second, the prices of service industries have declined after the summer vacation. Third, the international crude oil price has declined, and the domestic refined oil price has dropped.