8:01 AM | The organizing committee admits that Jiang Ping's preliminary round results are in violation of the rules; Some anchors of Three Goats resumed broadcasting without showing the MCN logo; Microsoft announces that it will end support for Windows 10.
TOP3 Big News
Jiang Ping and her teacher didn't win in the finals, and the Organizing Committee of Alibaba Global Mathematics Competition admitted that their preliminary round results violated the rules
36Kr has learned that according to the official website of DAMO Academy, the Organizing Committee of Alibaba Global Mathematics Competition released a statement on the relevant situation of the 2024 Alibaba Global Mathematics Competition. It is pointed out that in this competition, a teacher named Wang from Lianshui Secondary Vocational School in Jiangsu Province and the student guided by him were shortlisted for the finals, which has attracted social attention. According to the results of the final examination papers, the two did not win any awards. According to the investigation, Wang provided assistance to the student he guided in the preliminaries, which violated the rule of "prohibiting discussion with others" in the preliminaries. This also reveals problems such as the imperfect competition system and the not strict enough management.
Three Sheep Have Fully Paid the Fine, Some Streamers Resume Broadcasting with Hidden MCN Labels
On September 26, the Joint Investigation Team of Hefei City released a notice stating that due to the existence of false propaganda and other behaviors during the live broadcast of Hefei Three Sheep Network Technology Co., Ltd., it is proposed to decide to confiscate the illegal income of the Three Sheep Company and impose a fine totaling 68.9491 million yuan. On November 2, the reporter learned from the staff of the Hefei Market Supervision and Administration Bureau that the Three Sheep Company has fully paid the fine and confiscated funds after the delivery of the punishment decision.
The well-known streamer "Brother Mouth" of the Three Sheep Company has made an appointment for a live broadcast at 9 p.m. on November 3. This is his first live broadcast since September 12, and his account information contains the label "MCN Three Sheep". Previously, the Douyin account "Super Brother Digital" resumed live broadcasting. Super Brother Digital is a streamer under Three Sheep, but before the live broadcast started, the label "MCN Three Sheep" was removed from his personal profile. Another account under Three Sheep, "Xiaoyu Women's Clothing", resumed live broadcasting on October 29, and the label "MCN Three Sheep" was also removed from its profile. However, multiple accounts certified as "MCN Three Sheep" are forwarding a large number of its latest live broadcast slice videos. (Dahe Daily, Finance World)
Microsoft will end support for Windows 10 in October next year
On November 3, Microsoft's official website showed that after October 14, 2025, Microsoft will no longer provide free software updates, technical support, or security fixes from Windows Update for Windows 10. Users' computers can still work normally, but Microsoft recommends that users migrate to Windows 11. Microsoft reminds that after October 14, 2025, Windows 10 will no longer support Microsoft 365 applications because the operating system will no longer meet the system requirements of Microsoft 365 applications. (Cailian Press)
Big Companies/Big Events
In the first three quarters of this year, 4.747 million couples registered for marriage nationwide, a decrease of 943,000 couples compared to the same period last year.
The official website of the Ministry of Civil Affairs recently released the "Civil Affairs Statistical Data for the Third Quarter of 2024". The statistical data shows that in the first three quarters of this year, 4.747 million couples registered for marriage and 1.967 million couples registered for divorce nationwide. In comparison, the number of marriage registrations in the first three quarters of this year decreased by 943,000 couples compared to the same period last year, while the number of divorce registrations decreased by 6,000 couples compared to the same period last year. (Cailian Press)
T1 Wins the 2024 League of Legends World Championship
At 22:00 on November 2, Beijing time, the finals of the 2024 League of Legends World Championship (hereinafter referred to as S14) between the champion and the runner-up officially kicked off at the O2 Arena in London, UK. The top seed of the LPL region, BLG, faced the fourth seed of the LCK, T1. T1 ultimately defeated BLG with a score of 3 - 2 to win the S14 championship. This is T1's fifth S-series championship and also the fifth championship for the legendary player Faker. T1 player Faker also won the FMVP of the 2024 League of Legends World Championship. (Jiemian News)
A Web Celebrity Stock Advisor without License Was Fined 13 Million Yuan and Sentenced to 2 Years and 4 Months in Prison
Wu started investing in stocks in 1996 and attracted many followers on a certain website. Later, Wu collaborated with a certain online company (dealt with in a separate case) to open a stock exchange circle and served as the circle leader, providing paid consulting services such as securities investment analysis, prediction or suggestions to Internet users who paid to enter the circle. At the same time, he conducted online live broadcasts in the circle to answer customers' questions. Customers need to pay about 520 yuan per month (the amount may vary in different periods). Up to the time of the case, Wu's illegal income from recommending stocks online reached more than 12 million yuan.
It was determined by the Fujian Regulatory Bureau of the China Securities Regulatory Commission that Wu did not have the qualification to engage in the securities investment consulting business during this period. Because the defendant Wu has the sentencing circumstances of voluntary surrender, accessory, voluntary pleading guilty and accepting punishment, and partially withdrawing the illegal income, he was sentenced to two years and four months in prison for the crime of illegal business operations according to law, and was fined 13 million yuan. All the illegal income of the defendant Wu shall be recovered and confiscated and turned over to the national treasury. (Legal Daily)
The results of the 2024 National Medical Insurance Negotiation are expected to be released at the end of November.
It is learned from the National Healthcare Security Administration that the on-site negotiation for the adjustment of the 2024 National Medical Insurance Drug List has been successfully completed recently. The new version of the medical insurance drug list after the "expansion" is expected to be released to the public at the end of November and will be officially implemented from January 1 next year. (Cailian Press)
Nvidia will be included in the Dow Jones to replace Intel
On November 1, Eastern Time in the US, S&P Dow Jones Indices announced that Nvidia will be included in the Dow Jones Industrial Average to replace Intel. Previously, the market had expected Nvidia to be included in the Dow Jones, believing that it was only a matter of time. Art Hogan, the chief market strategist at B.Riley Wealth, said: "Nvidia undoubtedly meets all the conditions for eventually becoming a component of the Dow Jones: a good reputation, a history of continuous growth, investor interest, and its industry representation in the broader market. A share price of $100 after the stock split will make its initial index calculation easier when it is included." (China Fund News)
SERES Auto Issues Statement: Responding to the Kunming AITO M9 Accident
36Kr learned that on November 2, SERES Auto officially issued a statement regarding the AITO M9 accident in Kunming City: At around 7:10 am on October 31, 2024, an AITO M9 was involved in a traffic accident in Chenggong District, Kunming. After the accident occurred, we immediately received the vehicle collision warning information and contacted the car owner as soon as possible. Through the analysis of the vehicle status, when passing the intersection, the vehicle was in a human-driven state, with the accelerator pedal opening at 100%, and the vehicle speed decreased from 69 kph to 30 kph after triggering the AEB. Then, the accelerator pedal remained at 100%, and finally, the vehicle stopped after colliding near the intersection lamp post. We are fully cooperating with the local traffic management department and the user to handle the relevant matters. Please refer to the official release for the specific situation.
Pangdonglai Adjusts and Reforms Yonghui Supermarket's Fourth Store Confirmed
On November 3, according to the information of Henan Yonghui Supermarket Co., Ltd., with the assistance of Pangdonglai, the fourth store that is currently determined to be adjusted is Zhengzhou Longhu Jinyi City Store. A comprehensive adjustment and reform will be carried out on the supermarket's operation, including the product structure, quality, price, store layout, circulation, environment, service, and employee treatment. Yonghui Supermarket in Longhu Jinyi City, Zhengzhou will be closed for comprehensive adjustment and reform starting from November 4 and will resume normal business on November 29. (Jiemian News)
Institution: In October, the sales of the top 30 real estate enterprises in Chengdu increased by 80% month-on-month.
On November 3, the latest report from the China Index Academy shows that in October 2024, the transaction area of commercial residential buildings in the Chengdu real estate market reached 1.92 million square meters, with a month-on-month increase of 116% and a year-on-year increase of 7%, reaching a new high this year. In terms of the sales performance of the leading real estate enterprises in Chengdu, the sales of the top 30 enterprises in October increased by 80% month-on-month. Among the top 30 real estate sales performances in Chengdu from January to October 2024, six real estate enterprises had sales amounts in Rongcheng exceeding 10 billion yuan, namely China Resources Land, China Railway Construction Real Estate, Poly Development, China Merchants Shekou, Chengdu Rail Transit City, and Longfor Group; eight real estate enterprises had sales exceeding 5 billion yuan, namely Jinjiang Tongjian, Tianfu Investment and Development, C&D Real Estate, Yuexiu Real Estate, Huafa Shares, Vanke, China Overseas Property, and Xingcheng Renju. In addition, Chengdu Chengtou Real Estate, CCCC Real Estate, OCT, and Chengdu Gaotou had sales amounts in Rongcheng exceeding 3 billion yuan. (Jiemian News)
Flying Moutai's E-commerce Price Drops Below 2,000 Yuan
On November 3, an e-commerce platform showed that, under the background of the 10-billion-subsidy and the Double Eleven promotion, the 53-degree 500ml overseas version of Guizhou Moutai's Flying Moutai dropped below the 2,000 Yuan per bottle mark, with the price directly reaching 1,983 Yuan per bottle. The merchants of the platform's store explicitly promised to compensate ten times for a fake product and to compensate if the price is higher elsewhere. The merchants also purchased the genuine product insurance, which is underwritten by China Life Property & Casualty Insurance Company. (Securities Times)
Buffett Once Again Sells Apple Stocks
On November 2 local time, Berkshire Hathaway, the company owned by Buffett, released its financial report for the third quarter of 2024. It shows that after reducing its holdings in Apple by nearly 50% in the second quarter, Berkshire Hathaway further reduced its Apple holdings by 25% in the third quarter. Among the approximately $36.1 billion worth of stocks sold by the company in the third quarter, there are also billions of dollars worth of Bank of America stocks. Data shows that as of the end of September, Berkshire Hathaway's cash reserves rose to $325.2 billion, setting a new historical high. (Jiemian News)
US Regulatory Agency Rejects Amazon and Talen's Nuclear Power Agreement
On November 2, the US Federal Energy Regulatory Commission rejected an agreement that would allow Amazon's data centers to directly obtain electricity from a nuclear power plant in Pennsylvania. In March of this year, Amazon Web Services paid $650 million to Talen Energy to purchase a data center campus adjacent to the Susquehanna Nuclear Power Plant in Pennsylvania and signed a long-term agreement to purchase nuclear power plant electricity from Talen. (Jiemian News)
Apple Acknowledges iPhone 14 Plus Camera Issues and Launches Free Repair Service
36Kr has learned that on November 1, Apple released an announcement, launching a new service plan for the iPhone 14 Plus model to address the rear camera problem. The official Apple website introduces as follows: "iPhone 14 Plus Service Plan for Rear Camera Issues - Apple has confirmed that the rear camera on a very small number of iPhone 14 Plus devices may not show a preview. The production dates of the affected devices are between April 10, 2023 and April 28, 2024." This service plan applies to iPhone 14 Plus models sold between April 10, 2023 and April 28, 2024.
Jeff Bezos Plans to Sell Approximately 16.35 Million Amazon Shares, Expected to Cash Out Approximately $3.05 Billion
The regulatory filings of the exchange show that on November 1 local time, Jeff Bezos, the founder of Amazon, plans to sell approximately 16.35 million Amazon shares, and it is expected to cash out approximately $3.05 billion. In July this year, Bezos had already applied to sell an additional approximately 25 million Amazon shares, which could be cashed out for approximately $5 billion based on the stock price at that time. (Finance World)
South Korea's retail sales index in the third quarter decreased by 1.9% year-on-year, showing a downward trend for 10 consecutive quarters
The Korea Statistical Information Service (KOSIS) and industrial activity trend data showed on November 3 that the retail sales index in the third quarter of this year decreased by 1.9% year-on-year to 100.7. It has shown a downward trend for 10 consecutive quarters, setting the longest consecutive decline record since the relevant statistics began in 1995.
By product category, the sales index of durable goods such as passenger cars and home appliances decreased by 0.4% year-on-year. Except for the second quarter of last year, it has been continuously declining since the first quarter of 2022. The sales index of semi-durable goods such as clothing decreased by 4.7% year-on-year, showing a continuous decline for 6 quarters. The sales index of non-durable goods such as food and beverages has been continuously decreasing for 9 quarters, setting the longest consecutive decline record.
In the same period, the service industry production index increased by only 1% year-on-year to 116.2, with the growth rate setting the lowest record since the first quarter of 2021 (0.7%). Among them, the production of the wholesale and retail industry decreased by 2.1% year-on-year, showing a continuous decline for 6 quarters. The accommodation and catering industry decreased by 1.9%, showing a continuous decline for 6 quarters. (Yonhap News Agency)
The Forefront of AI
Disney Establishes a New AI Coordination Department
Walt Disney is forming a new team to coordinate the company's use of emerging technologies such as artificial intelligence and mixed reality. The media giant is exploring applications in its film, television, and theme park divisions. Emails show that the newly established Office of Technology Enablement will be led by Jamie Voris, the chief technology officer of Disney Studios. (NetEase News)
Big Company Financial Reports
Berkshire's total revenue in Q3 was $92.995 billion
Berkshire's total revenue in Q3 was $92.995 billion, compared with $93.210 billion in the same period last year; the net profit was $26.251 billion, compared with a net loss of $12.767 billion in the same period last year. The earnings per share in the third quarter of 2024 was $18,272.00, and the net profit in the third quarter was $26.25 billion. The operating profit in the third quarter of 2024 was $10.09 billion, while the market expectation was $10.9 billion.
As of September 30, the total amount of cash and cash equivalents rose to $325.2 billion; 70% of the fair value of equity investments was concentrated in five companies: American Express, Apple, Bank of America, Chevron, and Coca-Cola; it held Apple shares worth $69.9 billion, American Express shares worth $41.1 billion, Chevron shares worth $17.5 billion, and Coca-Cola shares worth $28.7 billion.
In the first nine months of 2024, Berkshire spent approximately $2.9 billion to repurchase its own shares. No shares of its own were repurchased in the third quarter of 2024. (Cailian Press)
Organized by | He Yuting