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Krypton Evening News | Tencent conducts a "cancellation-style share buyback" of HK$112 billion in 2024, reducing the total share capital to the lowest in a decade; Fliggy launches the "Customized Bus Trip Card" to serve students and migrant workers for a one-stop journey back home; "Star Sea Map" releases the new R1 series humanoid-like general-purpose robot products.

卜算籽2025-01-03 16:39
Wheelock Properties: It is expected that property prices in Hong Kong will remain stable in the first half of the year. If interest rates are cut in the second half of the year, it will support the rise in property prices.

Big Companies:

Fliggy launches "Customized Bus Trip Card" to provide one-stop return services for students and migrant workers
36Kr has learned that recently, Fliggy has launched the "Customized Bus Trip Card" for the Spring Festival travel rush to help students, migrant workers, etc. return home. The starting points cover multiple cities with a high concentration of universities and industries such as Hangzhou, Zhengzhou, Guangzhou, Shenzhen, Dongguan, Zhuhai, and Changsha. The boarding points are set near university towns and office parks, and the destinations cover counties and cities such as Zhoushan, Kaihua, Luyi, Dancheng, Zhanjiang, and Changde. Consumers can search for "Customized Bus Trip Card" on the Fliggy APP to view the "Customized Bus Trip Card" products for the corresponding starting and ending points.

Tencent's "Cancellation-style Repurchase" of HK$112 billion in 2024, Reducing Total Share Capital to the Lowest in a Decade
36Kr has learned that according to the public information of the Hong Kong Stock Exchange, as of December 31, Tencent Holdings has repurchased a total of 307 million shares throughout the year, with a total amount of HK$112 billion. Since June 2022 when the major shareholder Prosus began to sell Tencent shares, as of December 27, 2024, Tencent's total repurchase amount has reached HK$187.6 billion, exceeding the share sale amount of Prosus of HK$174.5 billion during the same period, completely offsetting the impact of the major shareholder's share sale. In addition, as of December 31, 2024, Tencent's total share capital is 9.22 billion shares, a reduction of 260 million shares compared to the beginning of 2024. From the end of 2021 to the present, Tencent's total share capital has decreased by approximately 380 million shares in three years, reaching the lowest level in a decade.

Elon Musk Mysteriously Donated $112 Million Worth of Tesla Stocks in the Last Few Days of 2024
Two days before the New Year, Elon Musk donated 268,000 Tesla shares to several unnamed charities. A disclosure document on Tuesday showed that the total value of these stocks is nearly $112 million and is part of Musk's "year-end tax plan". The recipients are "certain charities". Elon Musk and his right-hand man Jared Birchall have not responded to requests for comment. (Jiemian)

OpenAI Says Required Funds Exceed Expectations and Has Developed a Plan to Shift to a For-Profit Structure
The artificial intelligence (AI) startup OpenAI recently stated that it needs to raise more funds than expected to achieve its goals and has developed a plan to transition to a for-profit structure. The company has now shifted to a hybrid "profit cap" structure, with a for-profit subsidiary controlled by its non-profit department to raise funds to support its work. OpenAI stated in a blog post: "The fact that large companies are now investing tens of billions of dollars in AI development fully illustrates what OpenAI needs to continue pursuing this mission." The company added that this means it needs to "raise more funds than we imagined." (Sina Finance)

Tesla: Approximately 1.773 million electric vehicles were produced and approximately 1.789 million were delivered throughout 2024
36Kr learned that Tesla released the 2024 global production and delivery report. The data shows that in the fourth quarter of 2024, Tesla produced approximately 459,000 electric vehicles and delivered more than 495,000 electric vehicles; it installed 11.0 gigawatt-hours of energy storage products, and both the delivery volume of electric vehicles and the installed capacity of energy storage products reached new records. Throughout 2024, Tesla produced approximately 1.773 million electric vehicles and delivered approximately 1.789 million globally; the annual installed capacity of energy storage products reached 31.4 gigawatt-hours.

Alibaba: There is still a remaining repurchase quota of 20.7 billion US dollars under the share repurchase plan as of the fiscal year ending 2024.

36Kr learned that Alibaba announced that during the quarter ending December 31, 2024, the group repurchased a total of 119 million ordinary shares (equivalent to 15 million American Depositary Shares) at a total cost of 1.3 billion US dollars. These repurchases were carried out in the US market in accordance with the group's share repurchase plan. As of December 31, 2024, the group had 18.517 billion ordinary shares in circulation (equivalent to 2.315 billion American Depositary Shares). As of December 31, 2024, the group still has a remaining repurchase quota of 20.7 billion US dollars under the share repurchase plan authorized by the board of directors, which is valid until March 2027.

Puluo Pharmaceutical: The clinical trial application for semaglutide injection for weight management and adult type 2 diabetes indications has been approved

36Kr learned that Puluo Pharmaceutical announced that its controlled subsidiary Kangyu Pharmaceutical received the "Drug Clinical Trial Approval Notice" issued by the Drug Administration. The clinical trial application for semaglutide injection for weight management and adult type 2 diabetes indications declared by it has been approved. This drug is a long-acting GLP-1 receptor agonist that lowers blood sugar by stimulating insulin secretion and reducing glucagon secretion. At the same time, it reduces appetite by increasing satiety and a feeling of fullness, thereby achieving weight loss. The approval of this drug clinical trial application is an important milestone in the company's product layout in this field, which will help enrich the company's drug pipeline and promote the high-quality development of the company's business.

Lei Jun: Xiaomi's Surge Quick Charge Technology Will Be Freely Available to Automakers, Terminal Manufacturers, and Accessory Manufacturers

36Kr learned that Lei Jun, the founder, chairman, and CEO of Xiaomi, posted on Weibo that Xiaomi's Surge Quick Charge Technology will be freely available to automakers, terminal manufacturers, and accessory manufacturers.

Investment and Financing:

"Yuanshi Intelligence RWKV" Completes Angel Round Financing of Tens of Millions of RMB
36Kr has learned that the large model architecture innovation company "Yuanshi Intelligence RWKV" completed an angel round financing of tens of millions of RMB in December, with Tianji Capital as the investor. After this round of financing, the company's valuation has doubled compared to the previous seed round, and this round of financing will mainly be used for team expansion, new architecture iteration, and product commercialization.

"Pimax Technology" Completes Hundred-Million-Level C1+ Round of Financing

36Kr has learned that "Pimax Technology" has recently completed a hundred-million-level C1+ round of financing. This round of financing is led by Zhuji Jingkai Chuangrong Investment, and the old shareholder Ivy Capital follows the investment. This financing is also one of the largest financings in the domestic VR headset field since 2024.

New Products:

"StarSeaMap" Releases New R1 Series Humanoid-like General Robots
36Kr has learned that StarSeaMap has released new R1 series humanoid-like general robots, with a starting price of 199,000 yuan. The StarSeaMap R1 series includes three models: R1 Pro, R1, and R1 Lite, which are standardly equipped with the NVIDIA Jetson AGX Orin 32GB platform, featuring an 8-core CPU and 200 TOPS GPU computing power. Previously, in October 2024, the company had released the embodied intelligent body product R1.

Today's Viewpoint:

Wheelock Properties: It is expected that Hong Kong property prices will be stable in the first half of the year, and a rate cut in the second half will support the rise in property prices

Wheelock Properties Vice Chairman and Managing Director Wong Kwong Yiu said that the Hong Kong property market is still expected to be dominated by first-hand properties this year. Therefore, property prices will be stable in the first half of the year. When the developers' inventory reduction situation is more ideal, the selling price is expected to increase. In addition, it is estimated that there is still a chance of a rate cut in Hong Kong in the second half of this year. These factors all support the rise in property prices. (Caixin)

Other News Worth Paying Attention to:

NDRC: Release the "Guidelines for the Construction of a Unified National Market" to the Public as Soon as Possible
The Information Office of the State Council held a series of press conferences on "The Achievements of High-Quality Economic Development in China". Xiao Weiming, Deputy Secretary-General of the National Development and Reform Commission, said that recently, the National Development and Reform Commission will release the "Guidelines for the Construction of a Unified National Market" to the public as soon as possible, and take comprehensive measures to promote the in-depth and solid construction of a unified national market. Expedite the introduction of the "Negative List for Market Access (2025 Edition)", and formulate the implementation measures for the "Regulations on Fair Competition Review"; Accelerate the initiation and implementation of the comprehensive reform pilot for the market-based allocation of factors, and accelerate the construction of a unified national electricity market system. (China.org.cn)

NDRC: Promoting the Stabilization of the Real Estate Market and Continuing to Boost the Capital Market
The Information Office of the State Council held a series of press conferences on "The Achievements of High-Quality Economic Development in China". Yuan Da, Deputy Secretary-General of the National Development and Reform Commission, said that in the next step, the National Development and Reform Commission will work with relevant parties to earnestly implement the decisions and arrangements of the Central Economic Work Conference, implement a more proactive and promising macro policy, strengthen the overall coordination of policies, enhance policy consistency, accelerate the implementation of policies, and release policy effectiveness more quickly and fully. The key work in the following six aspects: Comprehensively expanding domestic demand; Promoting the implementation and effectiveness of landmark reform measures; Expanding high-level opening to the outside world; Promoting the quality improvement and upgrading of key industries; Increasing efforts to ensure and improve people's livelihoods; Effectively preventing and resolving risks in key areas. (Securities Times)

Italian Ministry of Finance: The budget deficit for 2024 is 124.9 billion euros

The report of the Italian Ministry of Finance shows that the budget deficit for 2024 is 124.9 billion euros. The budget surplus of the Italian state-owned sector in December is 8 billion euros. (Cailian Press)

The global coffee production has sharply declined, and the futures price of coffee beans in December 2024 has soared to a nearly 50-year high

The long-term extreme drought weather has led to a sharp reduction in global coffee production. The imbalance between supply and demand has caused the futures price of coffee beans in December 2024 to soar to a new high in nearly 50 years. Data shows that from January to November 2024, Vietnam's cumulative coffee exports were nearly 1.2 million tons, a year-on-year decrease of 15.4%. However, with the global coffee price soaring all the way in 2024, from January to November 2024, Vietnam's coffee export value reached 4.84 billion US dollars, a year-on-year increase of 32.8%. (CCTV Finance)