8:01 AM, 36Kr | Xia Yiping, the CEO of Jiyue, claims that he did not run away; Tokyo will launch a four-day workweek with three days off to reverse the low birth rate; Xiaomi denies that it paid 500,000 yuan for infringing on the patent of Xiaomi air conditioners.
Going Public in Progress
Seres
It is reported that Seres is considering listing in Hong Kong and may raise more than $1 billion. The listing could be realized as early as next year. A person from Seres' securities department responded that they are not clear about the relevant situation. (21 Finance and Economics)
Tianyuan Heavy Industry
On December 16, Deyang Tianyuan Heavy Industry Co., Ltd. (hereinafter referred to as "Tianyuan Heavy Industry") was listed on the New Third Board. The main business of Tianyuan Heavy Industry is to provide the design, production, sales and services of the core stressed components of suspension bridges. It is reported that the company's main products include cable saddles, cable clamps, etc., and the products are mainly used in the fields of suspension bridges, cable-stayed bridges, etc. (Flush News)
TOP3 Big News
JIYUE CEO Xia Yiping Issues a Lengthy Apology, Stating That He Didn't Run Away
According to Sina Technology, on December 16, JIYUE CEO Xia Yiping published a lengthy article, stating that as the CEO, he has made many mistakes and feels deeply apologetic to the employees, car owners, suppliers, and even shareholders. He indicated that first of all, he didn't run away. JIYUE is the career he loves deeply in his life, and he has always regarded himself as a true entrepreneur. When he joined JIYUE, he invested the savings he accumulated from his previous job and his previous entrepreneurial venture. Even in the most difficult moments in these few days, he used his own money to safeguard the rights and interests of the most needed employees.
In addition, he admitted that as the CEO, he has made many mistakes. He didn't do well in strategy. Financing should have been the most important responsibility, but he was too optimistic in the early stage and didn't foresee the severity of the capital problem; The employment issue is also a big lesson. In some positions, he ignored the true matching degree between the position and the talent; In terms of management style, being overly concerned with details and micromanagement has also suppressed the initiative and creativity of the team; The obsession with marketing has also consumed too much energy. As the CEO, he should have focused his main energy on financing and strategic planning, but he once personally operated the marketing system, which dispersed his energy and caused other important matters to be ignored. (Sina Technology)
Tokyo Metropolitan Government Will Implement a Four-Day Workweek to Reverse the Low Birth Rate
According to Global Times, the Tokyo Metropolitan Government in Japan will allow its employees to work four days a week in an effort to reverse the country's low birth rate. This plan of the Tokyo Metropolitan Government will be launched in April 2025. The system arrangement of the "four-day workweek with three days off" has sparked widespread discussions in Japanese society. It is reported that this system will utilize a "flexible working system", allowing metropolitan government employees to choose their working hours and allowing them to take one day off during the working days of each week. As long as the employees accumulate a total of 155 working hours within four weeks, they can freely arrange their working hours within this framework. According to Xinhua News Agency, data from the Ministry of Health, Labour and Welfare of Japan shows that the number of newborns in Japan in 2023 was 727,000, and the total fertility rate, that is, the average number of children born to women of childbearing age, was 1.20. Both figures set the lowest records since statistics began. (Global Times, Xinhua News Agency)
Xiaomi Denies Paying 500,000 for Infringing Xiaomi Air Conditioner Patents
According to Sina Finance, Dong Mingzhu, the chairman of Gree Electric Appliances, mentioned in an interview that Xiaomi recently paid Gree 500,000 for patent infringement. She said confidently: "I can say that Gree is the best air conditioner in the world, and we have more than one hundred thousand patents." She stated that Lei Jun lost in the first five years, and as for the second five years, no one bets with him. Success or failure has its own logic. "I have the maximization of shareholders' interests. Then you, Lei Jun, compared with me, how much money have you distributed to shareholders? You took so much money from shareholders and used it up. Where did the money go? What is the return for shareholders?"
In response, Wang Hua, the head of Xiaomi's public relations department, later posted a response saying: "Regarding the news of infringement, after re-verification, the information is untrue. First: Xiaomi air conditioners have not committed patent infringement; Second: Xiaomi has not paid 500,000 for patent infringement." (Sina Finance)
Big Companies/Big Events
Meituan Xiaoxiang Supermarket Starts Overseas Expansion, with Saudi Arabia as the First Stop
36Kr has learned from multiple independent sources that Meituan's front warehouse business, "Xiaoxiang Supermarket," has initiated the overseas expansion process, with Saudi Arabia as the first destination. It is led by Liu Wei, an "old Meituan employee." Liu Wei previously served as the person in charge of related businesses of Kuai Donkey, the regional operation department of Meituan Youxuan, and the product department of the In-store Business Group. According to informed sources, the members of the Xiaoxiang Supermarket overseas expansion project team are mainly selected from Youxuan, Kuai Donkey, and Xiaoxiang businesses. Among them, the product research and development team goes first, with more than one hundred people, and the business team also has dozens of people. "The scale is not small, but it is done very cautiously in the early stage, and the confidentiality is also very high."
Xiangpiaopiao Responds: The Rumored Bankrupt Company Has No Interest Relationship with Xiangpiaopiao Milk Tea
According to Da Wan News, on the evening of December 15, two topics about "Xiangpiaopiao" rushed to the hot search list, among which "Ningbo Xiangpiaopiao Food Co., Ltd. Bankrupt" topped the list. On December 18, two registered trademarks "Xiangyoumei" and "Meinuoxuan" under the name of Ningbo Xiangpiaopiao Food Co., Ltd. will be auctioned off in bankruptcy, with a starting price of only 100 yuan. The Ali Auction Bankruptcy and Forced Liquidation Platform shows that Ningbo Xiangpiaopiao Food Co., Ltd. has gone bankrupt, and its bankruptcy administrator is conducting a public auction.
On the evening of the 15th, Xiangpiaopiao issued a rumor-refuting statement, saying that the rumored bankrupt company is "Ningbo Xiangpiaopiao Food Co., Ltd.", and has no any interest relationship with the "Xiangpiaopiao Milk Tea" that everyone has been drinking since childhood. Xiangpiaopiao Milk Tea is still going around the world. Thanks for the attention of friends from all walks of life. According to the official website of Xiangpiaopiao, the company is located in the Economic and Technological Development Zone of Huzhou City, Zhejiang Province. Founded in 2005, it owns three major brands: "Xiangpiaopiao", "Meco" and "Lan Fang Yuan". In 2017, it was listed on the Shanghai Stock Exchange as "the first milk tea stock in China", and now it has four manufacturing bases in Chengdu, Tianjin, Huzhou and Jiangmen. (Da Wan News)
Yonghui Supermarket: Implementing Purchase Limits on Pangdonglai Products in Stores Nationwide for Adjustment and Reform
36Kr learned that according to the message on the official account of "Henan Yonghui Supermarket", on December 16, Yonghui Supermarket Co., Ltd. issued a notice on the purchasing behavior of Pangdonglai products, stating that Yonghui Supermarket is implementing purchase limits on Pangdonglai products in stores nationwide for adjustment and reform. The specific purchase limit measures for products are subject to the information on limited-purchase products announced in the stores.
Maimai Gaopin Releases Annual Talent Report, Intensified Job Competition in the New Energy Vehicle Industry
36Kr has learned that recently, Maimai Gaopin released the "2024 Annual Talent Migration Report". The "Report" shows that from 2022 to October 2024, the talent supply and demand ratio in the new economy industry has been increasing year by year. From January to October 2024, the talent supply and demand ratio rose again to 2.06, further intensifying the job competition for talents. Although the job search is more difficult, the salary of positions has maintained an upward trend. The average monthly salary of newly issued positions in 2022 was 41,394 yuan, which rose to 42,789 yuan in 2023. From January to October 2024, the average monthly salary slightly increased again to 42,874 yuan. It is worth noting that as the new energy vehicle industry intensifies the reshuffle, the talent supply and demand ratio in this industry has significantly increased from 1.77 to 2.04.
The three major U.S. stock indexes closed with mixed results, and most large technology stocks rose
36Kr learned that at the close on December 16, the three major U.S. stock indexes closed with mixed results. The Nasdaq rose 1.24%, setting a new high; the S&P 500 index rose 0.38%; the Dow Jones Industrial Average fell 0.25%, recording an eight-day consecutive decline, setting the longest consecutive decline since 2018. Most large technology stocks rose. Tesla rose more than 6%, Google rose more than 3%, Intel and Amazon rose more than 2%, Apple rose more than 1%, Microsoft, Netflix, and Meta rose slightly; Nvidia fell more than 1%. Among them, Apple, Tesla, Google, and Amazon all set new highs. Popular Chinese concept stocks generally fell. iQIYI fell about 8%, Tencent Music fell more than 5%, Bilibili fell more than 3%, Baidu and Pinduoduo fell more than 2%, Alibaba and NIO fell 2%, Li Auto and JD.com fell more than 1%.
"The First Bakery Stock" Christine Kehl Confirmed to be Delisted
According to the Daily Economic News, the well-known bakery chain brand Christine Kehl, founded in 1993, suddenly issued a delisting announcement. At its peak, it had 543 stores in Shanghai. At 22:00 on December 13, Christine Kehl announced that it received a letter from the Hong Kong Stock Exchange on December 12. After carefully considering all the facts and evidence, as well as all the statements submitted by the company and the Listing Division of the Stock Exchange, the Listing Review Committee decided to maintain the decision of the Listing Committee to cancel the listing status of the company. Christine Kehl will be delisted on December 27. (Daily Economic News)
National Bureau of Statistics: The average weekly working hours of enterprise employees nationwide in November is 48.9 hours
Data from the National Bureau of Statistics shows that from January to November, the average surveyed unemployment rate in urban areas across the country was 5.1%, a decrease of 0.1 percentage point compared with the same period of the previous year. In November, the surveyed unemployment rate in urban areas nationwide was 5.0%, the same as the previous month. The surveyed unemployment rate for the local household registration labor force was 5.2%; the surveyed unemployment rate for the non-local household registration labor force was 4.6%, among which the surveyed unemployment rate for the non-local agricultural household registration labor force was 4.4%. The surveyed unemployment rate in 31 major cities was 5.0%, the same as the previous month. The average weekly working hours of enterprise employees nationwide is 48.9 hours. (Sina Finance)
National Bureau of Statistics: In November, China's real estate market transactions became more active, and market expectations improved
The spokesperson of the National Bureau of Statistics, Fu Linghui, said at the press conference that under the effects of various policies to stop the decline and stabilize the real estate market and boost the capital market, the real estate and stock markets improved significantly in October. In November, positive factors continued to accumulate, and market transactions were relatively active. In November, both the sales area and sales volume of new commercial housing achieved positive growth, and the sales improvement in key cities was more obvious; the stock market was actively traded, and the trading volume and trading amount of stocks in the Shanghai and Shenzhen stock exchanges increased by about 1.1 times year-on-year. (China Business Network)
National Radio and Television Administration: Cancel the Approval for Establishing TV Drama Production Units
According to a report by Cailian Press on December 16, on December 13, 2024, the "Decision of the State Council on Amending and Repealing Some Administrative Regulations" (Decree No. 797 of the State Council of the People's Republic of China) was issued and will come into effect on January 20, 2025. The "Decision" clearly amends the "Regulations on the Administration of Radio and Television" and deletes the relevant provisions on the "approval for establishing TV drama production units".
A spokesperson for the National Radio and Television Administration answered reporters' questions about the approval and management of TV drama production units. Canceling the approval for establishing TV drama production units is conducive to strengthening and improving the management and services of TV dramas, improving the service, guidance, and organizational working mechanism for TV drama creation and production, promoting the combination of achieving results and cultivating talents, integrating the focus on works and the environment, guiding more institutions to participate in TV drama creation and production, and stimulating the innovation, creativity, and development vitality of the TV drama industry. At the same time, the National Radio and Television Administration will further strengthen and improve the filing and publicity of TV drama shooting and production, creative guidance, content review, and other work. By implementing the filing and publicity system for TV drama shooting and production, content review, and the "TV Drama Distribution License" system, it will continuously improve the entire chain and full-process supervision mechanism before, during, and after the event, as well as the quality management system for the entire creative production process, improve the quality control level of each link such as TV drama planning and project establishment, scriptwriting, shooting and production, review, and broadcasting, ensure the safety of TV drama production, creation, and broadcasting, and improve the quality of TV dramas. (Cailian Press)
IM Motors Changes Leadership
36Kr has learned that according to the information shown on AiQiCha App, recently, IM Motors Technology Co., Ltd. has undergone industrial and commercial changes. Wang Xiaoqiu has stepped down as the legal representative and chairman, and Jia Jianxu has taken over. IM Motors Technology Co., Ltd. was established in December 2020, with a registered capital of approximately 13.77 billion yuan. Its business scope includes engaging in technical services, development, consultation, exchange, transfer, and promotion in the fields of automotive technology, network technology, information technology, computer technology, and electronic technology. It is jointly held by Shanghai Yuanjie Intelligent Technology Equity Investment Fund Partnership (Limited Partnership), Hangzhou Haoyue Enterprise Management Co., Ltd., and SAIC Motor Corporation Limited, etc.
Leapmotor's Powertrain Technology Company Increases Capital to 550 Million
36Kr learned that the Tianyancha App shows that recently, Zhejiang Lingsheng Powertrain Technology Co., Ltd. has undergone industrial and commercial changes, and its registered capital has increased from 200 million yuan to 550 million yuan. The company was established in December 2021, with Zhu Jiangming as the legal representative. Its business scope includes the research and development of automotive parts, the retail of automotive parts and accessories, the research and development of energy recovery systems, the research and development of motors and their control systems, the sales of new energy vehicle electrical accessories, the integration of intelligent control systems, data processing and storage support services, Internet data services, etc. Shareholder information shows that the company is wholly owned by Leapmotor.
Nvidia's Thor chip delays mass production, XPeng considers suspending its adoption
Exclusive from 36Kr, the consecutive delays of Nvidia's flagship in-vehicle AI chip Thor are increasing the risk of losing core customers. It is understood that Thor was originally planned to be mass-produced in mid-2024, but it has been significantly postponed. "It is expected to be installed in vehicles in the middle of next year, and it is still the entry-level version." This is affecting the new vehicle product decisions of some domestic car companies. According to multiple sources, XPeng, a domestic car company, is considering suspending the use of the Thor chip for its new vehicles next year. Insiders said that XPeng is accelerating the adoption of its self-developed intelligent driving chip "Turing". Currently, the chip has been taped out, and XPeng is testing and verifying the stability and performance of the chip.
CATL Provides R & D Funding Support to Suppliers
On December 16, CATL confirmed that the company sent a letter to suppliers this month, stating that it is willing to provide R & D funding support. However, CATL did not provide more information on this matter. Relevant reports said that in this notice to battery material and equipment suppliers, CATL clearly stated that it is willing to share part of the R & D costs of suppliers and provide advance payments to ensure the smooth progress of technical projects. The notice also mentioned that CATL will actively assist suppliers in completing the certification work, accelerate the application and production of new battery materials, and help suppliers increase their market share. (Jiemian News)
Is Alibaba planning to sell Intime Department Store to Youngor? Youngor responds: The listed company has no information that should be disclosed but has not been disclosed
Some media reports said that Alibaba is in contact with Intime Department Store and plans to sell the relevant shares of Intime Department Store to Youngor, the leading enterprise in the textile and apparel industry. An informed source revealed, "At present, the two sides plan to hold a press conference to announce the relevant mergers and acquisitions." In response, Alibaba has not responded for the time being. The person answering the phone from the securities affairs department of Youngor responded that the listed company has no information that should be disclosed but has not been disclosed. (The Paper)
Hengrui Medicine: Rekangtrastuzumab for Injection Included in the List of Proposed Breakthrough Therapy Varieties for Publicity
36Kr learned that Hengrui Medicine announced that Rekangtrastuzumab for Injection (SHR-A1811) of its subsidiary Suzhou Shengdiyabiopharmaceutical Co., Ltd. has been included in the list of proposed breakthrough therapy varieties for publicity by the Drug Evaluation Center, with a publicity period of 7 days. In addition, six indications of this product have been recognized as breakthrough therapies. The proposed indication of this product is for the treatment of platinum-resistant recurrent epithelial ovarian cancer, fallopian tube cancer or primary peritoneal cancer with human epidermal growth factor receptor 2 (HER2) expression.
Ministry of Finance: From January to November, the national general public budget revenue was 19,901 billion yuan, with a year-on-year decrease of 0.6%.
36Kr learned that according to the data of the Ministry of Finance, from January to November, the national general public budget revenue was 19,901 billion yuan, with a year-on-year decrease of 0.6%. Among them, the national tax revenue was 16,192.2 billion yuan, with a year-on-year decrease of 3.9%; the non-tax revenue was 3,708.8 billion yuan, with a year-on-year increase of 17%. From the perspective of the central and local governments, the central general public budget revenue was 8,938.2 billion yuan, with a year-on-year decrease of 2.5%; the local general public budget revenue at the本级 level was 10,962.8 billion yuan, with a year-on-year increase of 1.1%.
The Ministry of Agriculture and Rural Affairs: On December 16, the average price of pork in national agricultural product wholesale markets decreased by 0.7% compared with last Friday.
36Kr has learned that according to the monitoring of the Ministry of Agriculture and Rural Affairs, on December 16, the "Agricultural Product Wholesale Price Index 200" was 120.83, a decrease of 0.13 points compared with last Friday, and the "Vegetable Basket" Product Wholesale Price Index was 121.98, a decrease of 0.12 points compared with last Friday. As of 14:00 on December 16, the average price of pork in national agricultural product wholesale markets was 22.97 yuan per kilogram, a decrease of 0.7% compared with last Friday.
This year, Chinese airlines have completed the transportation of over 700 million passengers.
According to the Civil Aviation Administration, as of December 15 this year, Chinese airlines have completed the transportation of more than 700 million passengers, reaching 700.48 million. The average daily passenger transportation volume exceeds 2 million, with a year-on-year growth of 18.1% and a growth of 10.7% compared to 2019, setting a new record in the history of China's civil aviation development. (Beijing Business Today)
China Eastern Airlines: Passenger Capacity Input Increased by 9.19% Year-on-Year in November
36Kr learned that China Eastern Airlines announced that in November 2024, the passenger capacity input (measured by available seat kilometers) increased by 9.19% year-on-year, reaching 103.21% of the same period in 2019; the passenger turnover (measured by passenger kilometers) increased by 20.86% year-on-year, reaching 108.60% of the same period in 2019; the passenger load factor was 84.33%, an increase of 8.14 percentage points year-on-year, and an increase of 4.19 percentage points compared to the passenger load factor in the same period in 2019. In November 2024, the cargo and mail turnover (measured by cargo and mail ton-kilometers) increased by 12.33% year-on-year, reaching 105.30% of the same period in 2019.
CITIC Securities: It is expected that the total sales of automobiles in China will increase by 6.4% year-on-year in 2025, and the dawn of the industry getting out of involution has emerged
36Kr learned that the research report of CITIC Securities stated that the probability of the continuation of the stimulus policies for the automotive industry in 2025 is relatively high. It is expected that the total sales of automobiles in China will increase by 6.4% year-on-year in 2025, and the dawn of the industry getting out of involution has emerged. The prosperity of going global continues, the penetration of autonomous driving accelerates, and humanoid robots are expected to be the most clear industrial trends in the industry next year, which will also continue to provide a dual drive of performance and valuation for the automotive industry. Currently, the rating of the automotive sector as "stronger than the broader market" is maintained.
Apple is reportedly planning to launch a thinner iPhone
On December 16, it is reported that Apple is preparing for a series of significant design adjustments to its iPhone series products and possibly other products in an effort to revitalize growth. Insiders revealed that starting from next year, Apple plans to launch an iPhone that is thinner than the existing 8-millimeter model. The new model will be cheaper than the Pro model and adopt a simplified camera system to reduce costs. Insiders also said that Apple also plans to launch two foldable devices. A larger device can be used as a laptop, equipped with a 19-inch foldable screen; the other is a foldable iPhone, and its size will be larger than the 6.9-inch iPhone 16 Pro Max. (The Wall Street Journal)
Mark Zuckerberg has sold more than $2.2 billion worth of Meta stocks this year
On the evening of December 16, the latest data shows that Mark Zuckerberg, the CEO of Meta, has sold Meta stocks worth more than $2.2 billion this year, setting a new record. Based on the analysis of each of Zuckerberg's sale transactions, the co-founder and CEO of Meta has sold company stocks worth more than $2.2 billion in the upcoming 2024. In December alone, Zuckerberg sold stocks worth $153.2 million. (Sina Finance)
Trump is reported to have met with TikTok CEO Shou Zi Chew, saying "I have a favorable impression of TikTok" and "will look into it"
According to multiple media reports on December 16, informed sources disclosed that US President-elect Trump met with TikTok CEO Shou Zi Chew at Mar-a-Lago on the 16th local time. Trump stated at a press conference on the same day: "We will look into TikTok. You know, I have a favorable impression of TikTok." On the 13th of this month, the US Court of Appeals for the District of Columbia Circuit rejected the temporary restraining order previously requested by TikTok. Earlier, TikTok submitted an emergency motion to prevent the "Ban if not sold" bill. TikTok said it plans to take the case to the Supreme Court. (Jiemian News)
Survey: Malaysia's November Consumer Inflation May Rise to 2.0%
According to the median estimate of five economists in a poll, Malaysia's consumer inflation rate in November may rise to 2.0% from 1.9% in October. Barclays Bank analysts said that Malaysia's overall inflation in November is likely to increase, mainly due to the continued year-on-year growth in food price inflation, which may offset the mild contraction in fuel prices to some extent. ANZ Bank analysts said that Malaysia's recent inflation outlook seems stable. ANZ Bank said that even if the country is about to cut gasoline subsidies in the middle of 2025, inflation should be within a controllable range, as the policy only targets people with incomes in the top 15%. (Sina Finance)
The Forefront of AI
WeChat: Will Continue to Increase Crackdown on Illegal Behaviors Such as "Using AI to Imitate Celebrities for Marketing Promotion"
On December 15, "WeChat Coral Security" issued an announcement stating that recently, some media reports have indicated the existence of a phenomenon in the network where AI technology is used to imitate celebrities for improper marketing. Combining user reports, daily inspections, and other clues, WeChat has quickly and strictly cracked down on a number of illegal behaviors that use AI to imitate celebrities for improper marketing and maliciously gain traffic, and has carried out special governance for related situations. Up to now, a total of 532 pieces of content have been dealt with, and 209 accounts have been closed. In the next step, WeChat will continue to increase the crackdown on illegal behaviors such as "using AI to imitate celebrities for marketing promotion". (Sina Finance)
TSMC's First Japanese Wafer Fab to Start Mass Production Before the End of This Year, and AI Chips May Still Be in Short Supply Next Year
According to Cai Lian She, Yuichi Hotta, the president of TSMC Japan Subsidiary JASM, said that the subsidiary TSMC's first wafer fab in Kumamoto Prefecture, Japan, will start mass production before the end of this year. According to the 3D IC RD Center Japan, TSMC's R & D center in Japan, due to the capacity not being able to catch up with the demand, AI chips will still be in short supply next year. (Cai Lian She)
CITIC Construction Investment: The Development of Edge-side AI Industry Accelerates, Focus on AI Module Opportunities
36Kr has learned that in the research report of CITIC Construction Investment, on the fifth day of OpenAI's "12 consecutive days of live broadcasts and releases", OpenAI stated that ChatGPT has been fully integrated into Apple, including iPhone, iPad, and Mac. Apple devices that support Apple Intelligence can enable the ChatGPT function. The development of the edge-side AI industry is accelerating, and it is recommended to focus on AI module opportunities. Essentially, large model manufacturers are software service providers. They can utilize the capabilities of hardware manufacturers such as AI module manufacturers for physical output, helping terminal manufacturers implement applications more smoothly. Through AI module products with the functions of "edge-side computing power + communication + API", the capabilities of large models can be directly brought into various terminal devices, thereby turning them into "AI terminals".
The US plans to authorize Google, etc. as "gatekeepers" to regulate AI chip exports
According to a report on December 13, two informed sources disclosed that the US government is planning to authorize major cloud service providers such as Google and Microsoft as "gatekeepers" for the global distribution of artificial intelligence (AI) chips, to prevent countries including China from obtaining advanced AI chips. (Global Times)
Investment and Financing
"Yipu Power" Completes Pre-A Round Financing of Several Ten Million Yuan
36Kr learned that recently, the green power and power generation system manufacturer "Yipu Power" has completed a Pre-A round financing of several ten million yuan. It is jointly led by Oriza Holdings and Woyuan Capital, with Linyang, Jun Fund, Changce Electromechanical, and Galaxy Electronics and other listed companies following the investment. This round of funds will be used to accelerate the layout of the research and development, production, and operation of megawatt-level high-power high-speed gas engines and methanol new energy engines.
Shexu Technology Completes a New Round of Strategic Financing of 30 Million Yuan, with Cumulative Financing Exceeding 100 Million Yuan in 2024
36Kr has learned that Shexu Technology, an industrial AI generative design software and solution provider, has recently completed a strategic financing of 30 million yuan, with an exclusive investment from a strategic investor in the semiconductor industry. This round of funds will be mainly used to strengthen the R & D investment in AI generative industrial design software and build a sales and operation system covering more industries and regions. So far, Shexu Technology has completed two rounds of financing within one year, with investors including AMEBA Capital, Yonghua Investment, and Lenovo Ventures. Founded in 2020, Shexu Technology's product "Shanshe" is an industrial intelligent generative design software. Based on its self-developed AIGE (Engineering) data structure, it relies on AI technology and geometric graphics technology to provide intelligent generation and intelligent interaction functions under the cloud architecture to empower industrial design.
Shenneng Co., Ltd.: Completed the Issuance of 1.5 Billion Yuan Ultra-Short-Term Financing Bonds
36Kr has learned that Shenneng Co., Ltd. announced that recently, the issuance of the company's sixth ultra-short-term financing bond for the year 2024 has been completed. The registered amount of the company's ultra-short-term financing bonds is 12 billion yuan. The total issuance amount of this ultra-short-term financing bond is 1.5 billion yuan, with an issuance period of 270 days and an issuance interest rate of 1.84%.
Cool Products
Avida Technology Co., Ltd. Releases Digital Chip EDA Logic Synthesis adsDesigner Product
36Kr has learned that recently, Avida Technology Co., Ltd. has released its independently developed digital chip EDA logic synthesis adsDesigner product in Hangzhou. This product is a complete tool from RTL logic synthesis to physical layout. It can simultaneously optimize multiple goals such as timing, area, power consumption, and physical layout, and realizes the "Push Button Flow" fully automatic process from RTL to physical layout. Compared with the traditional digital EDA software, it greatly reduces the complex and non-convergent iterations between RTL logic synthesis and physical implementation.
Organized by | Yu Yaoming