Krypton Evening Post | ByteDance Issues Another Anti-Corruption and Violation Report: 103 Employees Dismissed, 11 Suspected of Crimes and Filed for Investigation; MTR Lab Invests in DiSheng Technology, Its First Investment in a Mainland Enterprise; The National Spatial Metrology Technical Committee Established in Beijing
Big Companies:
Starting from 8 pm on October 14, the Tmall Double 11 home appliance spot sales began. This year, the government subsidies were combined with the Tmall Double 11 discounts for the first time, driving the collective "surge" of home appliance brands. In the first hour, the overall transaction volume of large home appliances increased by 765% compared to the same period of the Double 11 presale last year; within 4 hours of the sale, the transaction volumes of 471 home appliance brands such as Boss, TCL, Siemens, Fotile, and Xiaomi doubled. Air conditioners, refrigerators, washing machines, televisions, water heaters, gas stoves, and range hoods became the 7 categories with the fastest growth rate in the first-day transactions, with a growth of more than 4 times compared to the first day of the Double 11 presale last year.
36Kr has learned that on November 5, ByteDance internally released the fourth "Corporate Discipline and Professional Ethics Committee Report" of the year. The report shows that 103 people were dismissed due to illegal and violation behaviors (including outsourcing and interns), among whom 11 were suspected of constituting criminal offenses and were filed for investigation by the public security organs. In addition, the report also disclosed the recent incident of an intern disrupting the model training event that has attracted attention. ByteDance stated that the involved intern maliciously interfered with the model training task of the commercial technology team's research project, but it did not affect the formal commercial projects and online businesses, nor did it involve other businesses such as ByteDance's large model.
36Kr has learned that according to the information from Tianyancha App, recently, Zhengzhou Chanyetouyin Equity Investment Fund Partnership (Limited Partnership) was established, with Zhengzhou High-tech Industrial Investment Fund Co., Ltd. as the executive partner, with a contribution of approximately 3 billion yuan. The business scope is to engage in equity investment, investment management, asset management and other activities through private equity funds. The partner information shows that the fund is jointly contributed by Zhengzhou High-tech Industrial Investment Fund Co., Ltd., Zhengzhou High-tech Investment Holding Group Co., Ltd., and Zhengzhou High-tech Industrial Investment Group Co., Ltd.
36Kr has learned that on November 5, UBTECH, together with its smart logistics subsidiary UQI, released a full-stack unmanned logistics solution at the 2024 Asia Shanghai International Logistics Exhibition. For the first time, humanoid robots and driverless vehicles collaborate and are applied in the BYD factory.
36Kr has learned that China Energy Engineering Corporation Limited announced that its subsidiary, Southwest Electric Power Design Institute Co., Ltd. of China Power Engineering Consulting Group, won the EPC general contracting project of the Huainan Luohe Power Plant Phase IV 2×1000MW Coal-fired Power Project. The winning bid amount is approximately 6.663 billion yuan, and the total project duration is approximately 26 months. Currently, a formal contract has not yet been signed with the project owner, and there is still uncertainty regarding the above project.
Investment and Financing:
"Hongpeng Aviation" Completes Tens of Millions of Yuan in Series A+ Financing
36Kr has learned that "Hongpeng Aviation" recently completed tens of millions of yuan in Series A+ financing. This round of financing is led by Zhuhai Dahengqin Group, with important shareholder Yinzhu Capital continuously increasing its investment and Chaoyue Moore Fund following suit.
"DeepRoute" Completes a $100 Million Series C1 Financing
36Kr has learned that "DeepRoute" has completed a $100 million Series C1 financing, which is exclusively invested by a domestic leading OEM. This round of financing will be used to consolidate domestic mass production projects, expand overseas businesses, and at the same time provide financial support for exploring the commercial operation of Robotaxi and the layout of cutting-edge technologies such as the VLA model.
MTR Lab Invests in Disound Technology, Its First Investment in a Mainland Enterprise
MTR Lab Company Limited, a wholly-owned subsidiary of the MTR Corporation, announced its investment in the mainland startup Disound Technology. Its artificial intelligence (AI)-driven acoustic monitoring technology is mainly applied in industries such as industrial, power, smart cities, and transportation. This strategic investment is MTR Lab's first investment in the mainland. The funds will be used to promote the continuous technological improvement and product research and development of Disound Technology. At the same time, MTR Lab will also support Disound Technology to further develop technical solutions that meet international standards to develop overseas markets.
New Products:
Meixing Ruikong Releases Low-Altitude Air Traffic Control Integrated Intelligent Computing Platform
36Kr has learned that Meixing Ruikong releases the low-altitude air traffic control integrated intelligent computing platform. It is understood that this platform is based on the low-altitude intelligent networking and low-altitude flight resources, with all the low-altitude aircrafts connected to the network as the control objects. Through a new technical system that dynamically collects, integrates, models, and performs spatiotemporal intelligent computing of the air-ground integrated spatiotemporal elements, it uniformly provides a complete set of safety service guarantee systems for the full lifecycle safety management of low-altitude flight activities to the government, low-altitude flight activity service providers, and low-altitude air traffic control operation enterprises and institutions.
Nubia Red Magic and BOE Jointly Create a New Generation of True Full-Screen Officially Delivered
36Kr has learned that on November 5, the delivery ceremony of the "Full Screen Good, Full Screen Power" new generation of true full-screen jointly created by Nubia and Red Magic under ZTE and BOE was held in Chengdu. It is understood that the newly delivered true full-screen has the highest under-screen camera full-screen resolution of 1.5K, a super high screen-to-body ratio of 95.3%, as well as excellent performances such as high refresh rate and high brightness.
Kunlun Wanwei Significantly Releases the TianGong AI Advanced Search Function
Kunlun Wanwei TianGong AI officially releases the latest version of the AI advanced search function. It is understood that this function is aimed at the needs of users in multiple fields such as complex problem-solving, financial investment, scientific research and academia, document analysis, etc. It conducts an all-round upgrade in the directions of the timeliness, authority, quality, relevance of data and information sources, and the richness of content indexing. TianGong AI also optimizes the document AI reading and analysis function, which can not only accurately summarize and analyze complex documents, but also has a super-strong context understanding ability. Currently, Kunlun Wanwei has constructed a diverse AI business matrix including AI large model, AI music, AI search, AI games, AI social, and AI short plays.
Today's Views:
The volume of foreign capital "singing praises for China" is getting stronger. One month after upgrading the Chinese stock market to "overweight" on October 5, Goldman Sachs once again released a research report to "sing praises" for Chinese assets. Kinger Lau, the chief China equity strategist of Goldman Sachs Research Department, and his team maintained the "overweight (Overweight)" rating for China's A-shares and H-shares in the research report dated November 4 (Monday), and predicted that the potential return rate of these two markets in the next 12 months will be around 20%. (Every Economic Net)
Other News Worth Noting:
The National Spatial Metrology Technical Committee Established in Beijing
Recently, with the approval of the State Administration for Market Regulation, the National Spatial Metrology Technical Committee was officially established in Beijing, with the secretariat located at the Beijing Oriental Institute of Metrology and Testing. The National Spatial Metrology Technical Committee mainly faces the needs of building a strong aerospace country and the development of commercial aerospace. It closely follows the development trend of cutting-edge metrology technologies in the fields of space science, space technology, space application, and commercial aerospace. It takes the lead in organizing the compilation, revision, review, approval, and publicity of relevant metrology technical specifications, and studies and establishes a value traceability metrology system suitable for aerospace tasks and extraterrestrial space to ensure the unity of units and the accuracy and reliability of measurement values in aerospace undertakings and extraterrestrial space measurement activities. (CCTV News)
The WN International Game Business Conference is About to Open
36Kr has learned that the WN International Game Business Conference (WN Conference) will be grandly held at Howard Johnson Jimei Lake Plaza Xiamen from November 20 to 22, 2024. This conference is hosted by WN Media Group, co-organized by CiGA (China Indie Games Alliance) and Xiamen Information Group Innovation Software Park Management Co., Ltd., supported by the Xiamen Siming District People's Government, the Xiamen Jimei District People's Government, and Xiamen Torch High-tech Industrial Development Zone, guided by the Xiamen International Animation Festival Organizing Committee, and IGDA as a partner to jointly create this international industry event.
Learned from the Lao-China Railway Co., Ltd., as of the 4th, the cumulative number of passengers sent by the Lao section of the China-Laos Railway has reached 3 million, completing the annual passenger transport task target ahead of schedule. Data shows that as of the 4th, the number of passengers sent by the Lao section of the China-Laos Railway has increased by 44.4% compared to the same period last year. Among them, the international passenger train has sent 108,200 passengers, with a year-on-year growth of 165.8%. Passengers come from 101 countries and regions. (Xinhua News Agency)
The preliminary data of the population dynamics statistics released by the Ministry of Health, Labour and Welfare of Japan shows that the number of babies born from January to June 2024 is 329,998, a decrease of 6.3% compared to the same period last year. It is expected that the number of births in Japan this year may fall below 700,000 for the first time. (CCTV News)