Krypton Evening News | Xiaomi Auto Adjusts Sales System: The Automobile Department's Sales, Delivery and Service Department is Integrated into the China Region, Managed by Wang Xiaoyan, President of the China Region; Johnson & Johnson's Drug Zebecka Gets Approved in China; CITIC Capital Announces to Increase Its Investment in McDonald's China.

Big Companies:

Panasonic Electrical Equipment Company Increases Capital to 350 Million

36Kr has learned that the Aiqicha App shows that recently, Panasonic Electrical Equipment (China) Co., Ltd. has undergone industrial and commercial changes, and its registered capital has increased from 150 million yuan to 350 million yuan. The company was registered in June 2018, with the legal representative being NAKAYAMA MASAHARU, and is wholly owned by Panasonic (China) Co., Ltd. Its business scope includes construction engineering design, import and export of goods, import and export of technology, etc.

Xiaomi Auto Adjusts Sales System: The Automobile Sales, Delivery and Service Department Merges into China Region, Managed by Wang Xiaoyan, President of China Region
On the afternoon of October 21, it was reported that Xiaomi has recently adjusted the sales system of Xiaomi Auto. The Automobile Sales, Delivery and Service Department has been merged into the China Region to enhance the synergy with the mobile phone sales channels. The organizational adjustment notice issued by Xiaomi shows that the automotive sales, delivery and service work has entered a stage of steady development. Under the strategic guidance of the "All-Ecosystem of Vehicle, Person and Home", the Automobile Sales, Delivery and Service Department needs to be further integrated with the new retail in the China Region into a new retail system of "Vehicle, Person and Home". After the research and decision of the group's management, the Automobile Sales, Delivery and Service Department has been merged into the China Region, and Zhang Jian, General Manager of the Automobile Sales, Delivery and Service Department, reports to Wang Xiaoyan, Vice President of the Group and President of the China Region. (Sina Technology)

CITIC Capital Announces Increased Investment in McDonald's China

36Kr learned that on October 21, CITIC Capital Holdings Limited announced that its private equity investment business, CITIC Capital Partners, signed an agreement with CITIC Limited to acquire the shares of McDonald's business in mainland China, Hong Kong, and Macao (referred to as "McDonald's China"). After the transaction, the CITIC Capital consortium (including CITIC Capital and its private equity investment business, CITIC Capital Partners) remains the controlling shareholder of McDonald's China.

GuangShengTang: The controlling shareholder intends to transfer no more than 5.02% of the company's shares through an agreement
36Kr has learned that GuangShengTang has issued an announcement. The company's controlling shareholder, Aohua Group, intends to transfer no more than 8 million shares of the company (accounting for 5.02% of the total share capital of the company) through an agreement transfer method within 3 months after 3 trading days from the date of the announcement. After the agreement transfer, the proportion of shares held by Aohua Group in the total share capital is not less than 17%, and it remains the controlling shareholder. This agreement to transfer shares will not lead to a change in the control of the company and will not have an impact on the company's continuous operation.

Lihua Co., Ltd.: Net profit in the third quarter is 586 million yuan, with a year-on-year growth of 91.02%

36Kr has learned that GuangShengTang has issued an announcement. The company's controlling shareholder, Aohua Group, intends to transfer no more than 8 million shares of the company (accounting for 5.02% of the company's total share capital) through an agreement transfer method within 3 months after 3 trading days from the date of the announcement. After the agreement transfer, the proportion of shares held by Aohua Group in the total share capital is not less than 17%, and it remains the controlling shareholder. This agreement to transfer shares will not lead to a change in the company's control and will not have an impact on the company's continuous operation.

Changan Automobile Holds the Delivery Ceremony for the First Batch of Deepal S05 Owners Nationwide
36Kr learned that on October 21, the delivery ceremony for the first batch of Deepal S05 owners nationwide was held at Changan Automobile's Digital Intelligence Factory. It is understood that Changan Automobile's Digital Intelligence Factory is the new energy vehicle manufacturing base with the largest investment, the highest degree of intelligence, and the most advanced technological equipment of Changan Automobile, realizing the full-domain 5G digital intelligence AI flexible manufacturing.

European investment giant JAB acquires JDE shares held by Mondelez International with €2.16 billion
European investment giant JAB said on Monday that it agreed to acquire Mondelez International's stake in coffee retailer JDE Peet's NV for €2.16 billion (approximately $2.3 billion). JAB is an investment company owned by the German secretive Reimann family. The company said it will acquire 86 million shares of JDE Peet's at €25.10 per share. In addition, JDE Peet's also announced on Monday the appointment of Rafael Oliveira as CEO. (Sina Finance)

Huya's overseas business NIMO initiates music commercialization exploration and launches "Musician Commercialization Support Program"

36Kr learned that from October 18 to 20, 2024, NIMO, the overseas business of Huya Company - a globally renowned game and pan-entertainment live streaming platform, was invited to appear as an official strategic partner at the "2024 Thailand Game Show". It is understood that at this game show, NIMO demonstrated its comprehensive strength in global game full-case distribution, music pan-entertainment marketing, and large-scale offline brand integration to many game manufacturers and partners, and launched the "Musician Commercialization Support Program" to further promote and deepen NIMO's brand recognition in the game industry at home and abroad.

At 8 pm on the 21st, Fliggy Double 11 "Global Travel Season" starts selling all in-stock products.

36Kr learned that at 8 pm on October 21, the 2024 Fliggy Double 11 "Global Travel Festival" starts selling all in-stock event products, and the pre-sale products that have been ordered previously have also entered the stage of paying the balance. According to Fliggy, most of the event products this Double 11 can be bought, booked, and traveled immediately, and the usage period is longer than last year.

MetLife is reportedly in talks to acquire PineBridge Investments' assets outside China

According to Bloomberg, sources familiar with the matter said that MetLife, the US insurance company, is in advanced talks to acquire PineBridge Investments' assets outside China. The transaction could be valued at $1 billion to $1.5 billion. The negotiations have entered an exclusive stage and involve assets with an approximate management scale of $100 billion. Details of the potential agreement are expected to be finalized in the coming weeks. The majority stake of PineBridge Capital is held by Pacific Century Group, the holding company of Hong Kong billionaire Richard Li. Sources said that although the sale transaction has entered an advanced stage, the negotiations are still ongoing and no final decision has been made. Representatives of MetLife, PineBridge Investments, and Pacific Century Group declined to comment. (Jiemian)

Investment and Financing:

"Yunyao Aerospace" Completes Hundreds of Millions of Yuan in Series B Financing
36Kr learned that "Yunyao Aerospace" has recently completed hundreds of millions of yuan in Series B financing, which is also the company's fifth round of financing. It is led by Huishan Kechuang and followed by Taicang Ganghongrun Capital. The funds raised in this round will be used for the research and development of new payloads and meteorological satellite technologies of Yunyao Aerospace, the upgrade of production capacity, and the company's daily operations.

"Sipeng Technology" Completes Nearly 100 Million Yuan Pre-A Round Financing
36Kr learned that according to Xi Qiao Capital, recently, "Sipeng Technology" announced the completion of nearly 100 million yuan in Pre-A round financing. This round of investment is led by SDIC Chuanghe and followed by Rugao Kechuangtou. Xi Qiao Capital serves as the exclusive financial advisor. The funds raised will be used to further strengthen the mass production and commercial promotion of biomanufacturing products. Sipeng Technology was established in 2022 and is a biomanufacturing enterprise focusing on material synthetic biology.

New Products:

Johnson & Johnson's Drug Zebeike Approved in China
On October 21, Johnson & Johnson announced that its drug Zebeike (Niraparib Abiraterone Tablets) has been officially approved by the National Medical Products Administration. As the first and only dual-effect compound preparation approved in China at present, Zebeike in combination with prednisone or prednisolone is used to treat adult patients with metastatic castration-resistant prostate cancer carrying germline and/or somatic BRCA gene mutations. (Jiemian)

Today's Viewpoint:

Ping An of China: The net profit attributable to shareholders of the parent company in the first three quarters increased by 36.1% year-on-year

36Kr learned that Ping An of China announced on the Hong Kong Stock Exchange that in the first three quarters of 2024, the group achieved an operating profit attributable to shareholders of the parent company of 113.818 billion yuan, an increase of 5.5% year-on-year; the net profit attributable to shareholders of the parent company was 119.182 billion yuan, an increase of 36.1% year-on-year; the operating income was 861.817 billion yuan, an increase of 8.7% year-on-year.

Other news worthy of attention:

The Hong Kong SFC Accelerates the Approval Process of Simple Funds to Enhance the Appeal of the Hong Kong Market

The Hong Kong Securities and Futures Commission (SFC) will launch a simplified fund approval channel on November 4, 2024, to expedite the processing of applications for simple investment funds. Under the simplified fund approval channel, the SFC aims to grant approval within 15 working days after receiving complete and quality information from the applicant. The new mechanism will cover simple funds from jurisdictions that have a mutual recognition of funds arrangement with the SFC (such MRF jurisdictions). The regulatory systems of these MRF jurisdictions provide investor protection similar to that in Hong Kong, and the SFC has entered into cooperation arrangements with the local regulatory authorities. Therefore, the SFC considers it appropriate to simplify the approval process for eligible funds. Relevant funds include equity, bond, and hybrid funds, etc. (Caixin)

Twelve Newly Recorded Generative AI Services Added in Beijing

36Kr has learned that as of October 21, according to the "Interim Measures for the Administration of Generative Artificial Intelligence Services", 12 newly recorded generative AI services have been added in Beijing, with a cumulative total of 94 generative AI services recorded. For the launched generative AI applications or functions, the situation of the used and recorded generative AI services should be publicly disclosed in a prominent position or on the product details page, indicating the model name and record number.