Krypton Evening News | BP sells its onshore wind power business in the US; BYD establishes a new sales and service company in Jinan; Hong Kong Airlines launches free airport transfer service.
Large Companies:
Hong Kong Airlines Launches Free Airport Transfer Service
On July 18, Hong Kong Airlines announced partnerships with Wing Tung Direct Bus Co., Ltd. and Japan's Aladdin Group respectively to launch a series of free airport transfer value-added services. From now until December 31, 2025, passengers taking Hong Kong Airlines flights can exchange a one-way cross - border ticket from Hong Kong International Airport to Shenzhen or from Shenzhen to Hong Kong International Airport for free at the designated counter of Wing Tung Direct Bus with a valid boarding pass (paper or electronic version) and corresponding travel documents. The exchange time is within 15 hours before and after the flight departure. (Jiemian)
It is learned from JD CoinChain Technology that recently, some people have impersonated JD's name and issued a digital currency named JD - HKD on mainstream trading platforms to deceive users into participating in transactions. These deceptive acts not only damage the legitimate rights and interests of JD CoinChain Technology but also harm users participating in the transactions. JD CoinChain Technology has communicated with mainstream trading platforms to delist the relevant digital currency and issued an announcement to remind users. JD CoinChain Technology said that as a participant in the sandbox of the Hong Kong Monetary Authority's stablecoin issuers, it fully follows the process guided by Hong Kong's regulations. Before obtaining the Hong Kong stablecoin issuer's license, all activities of issuing coins with words such as JD stablecoin, JD - HKD, JD - USD to attract users to buy, and issuing coins in the name of JD or its partners are scams. JD will not issue any governance tokens other than JD stablecoin. Please users carefully distinguish and avoid participating. (Jiemian)
Yimutian Group Establishes an International Business Operation Center in Hong Kong
36Kr learned that on July 17, Yimutian Group, a domestic agricultural product B2B digital service platform, officially established an international business operation center in Hong Kong, kicking off its global development. It is reported that the Yimutian platform covers almost all agricultural product categories in the country. In addition to China, the platform's active purchasers are also distributed in more than 50 countries around the world, including Vietnam, the United States, Indonesia, Russia, South Korea, Thailand, Cambodia, Malaysia, Japan, Singapore, Kazakhstan, the United Kingdom, France, and Côte d'Ivoire.
Unitree Technology Starts Listing Guidance
36Kr learned that the official website of the China Securities Regulatory Commission shows that Unitree Technology has started listing guidance, with CITIC Securities as the guidance institution. According to the guidance filing report, Wang Xingxing, the controlling shareholder and actual controller of Unitree Technology, directly holds 23.8216% of the company's equity and controls 10.9414% of the company's equity through Shanghai Yuyi Enterprise Management Consulting Partnership (Limited Partnership), controlling a total of 34.7630% of the company's equity.
On July 18, BHP announced the latest cost and progress estimates for the first phase of its Jansen potash project in Canada. It said that 68% of the first - phase project has been completed, and the expected capital expenditure is between $7 billion and $7.4 billion (including contingency expenses), while the initial estimate was $5.7 billion; the first production start time will return to the original plan in the middle of 2027. The group's capital expenditure guidance for fiscal years 2026 and 2027 remains at $11 billion. At the same time, considering factors such as potential oversupply in the market, BHP plans to postpone the first production start time of the project's phase - II engineering to fiscal year 2031. (Jiemian)
BP Sells Its Onshore Wind Power Business in the United States
BP plc said on Friday that it has agreed to sell its onshore wind power business in the United States, bp Wind Energy, to LS Power, a U.S. transmission system operator. (Sina Finance)
BYD Establishes a New Sales and Service Company in Jinan
36Kr learned that the Aiqicha App shows that recently, Jinan Fangchengbaoxing Automobile Sales and Service Co., Ltd. was established, with Lian Shuangjian as the legal representative and a registered capital of 1 million RMB. Its business scope includes automobile sales. The equity penetration map shows that the company is wholly - owned by Shenzhen Fangchengbao Automobile Sales Co., Ltd., a subsidiary of BYD Co., Ltd.
Xiaomi's Shenzhen Headquarters Officially Opens
Xiaomi's Shenzhen headquarters officially opened on July 18. This is Xiaomi's fourth regional headquarters in China after Beijing, Wuhan, and Nanjing. In addition, the Xiaomi Home Xiaomi Shenzhen Building Automobile Integration Store also opened simultaneously. The store is located on the south side of the building, with a construction area of 1,591 square meters. It is currently the largest Xiaomi Home integration store in China. (Shanghai Securities News)
Sanofi Completes Acquisition of Biopharmaceutical Company Blueprint for Over $9 Billion
On July 18, Sanofi announced the completion of its acquisition of the U.S. biopharmaceutical company Blueprint Medicines. This acquisition includes a drug for a rare immune disease, Ayvakit/Ayvakyt (avapritinib), which has been approved in the United States and the European Union. According to the acquisition terms announced in June this year, Sanofi will pay $129 in cash per share, with an equity value of approximately $9.1 billion. (Jiemian)
Investment and Financing:
Hong Kong Insurance Company Bowtie Receives $70 Million in Series C Financing
On July 18, Bowtie, the first virtual insurance company in Hong Kong, announced that it had received a Series C financing of up to $70 million. This round of financing was led by Manulife Financial (Hong Kong) Limited. (Jiemian)
36Kr learned that Changshi Capital, which recently completed a three - closing fundraising of 728 million yuan, has invested in a total of 24 projects with its Hard - Tech Phase I Fund. 11 of them have completed IPOs, including Zhongwei Semiconductor, Suzhou Tianmai, Zhuhai Crown, and Darui Electronics. Another 2 are in the IPO process, with a DPI close to 2 times; 4 projects of the Hard - Tech Phase II Fund have entered the IPO application stage, and another 6 enterprises will enter the application stage in the next two years; the IPO hit rate of the two funds exceeds 50%.
New Products:
Tencent Yuanbao Announces Integration with QQ Music
36Kr learned that on July 18, Tencent Yuanbao announced its integration with QQ Music. The product interface shows that when clicking on the underlined song title for the first time, users will be prompted to associate their QQ Music accounts. After authorization, they can directly play music within Yuanbao without interrupting the conversation. Currently, this function has been launched on the mobile version of Tencent Yuanbao. Since the beginning of this year, Tencent Yuanbao has been integrated with multiple products such as Tencent Docs, Tencent Maps, Tencent News, WeChat Reading, and Qidian Reading, realizing a one - stop experience of clicking on underlined links to jump to read books, navigate on maps, etc.
Airwallex Reaches a Multi - Year Global Partnership with Arsenal
36Kr learned that on July 18, Arsenal Football Club and the payment and financial services platform Airwallex jointly announced a multi - year partnership. Airwallex officially became Arsenal's official financial software partner. In addition, Airwallex will also be the title partner of Arsenal's men's football East Asian pre - season tour. Airwallex's services will also be used during this tour, and the two sides will work together to optimize Arsenal's payment system and services in other areas in the long - term cooperation.
Today's Views:
Ren Hongbin Meets with Alex Rogers, President of Qualcomm's Technology Licensing and Global Affairs
36Kr learned that according to the China Council for the Promotion of International Trade, on July 17, Ren Hongbin, the president of the council, met in Beijing with Alex Rogers, the president of Qualcomm's technology licensing and global affairs, who came to China specifically to participate in the 3rd Chain Expo. The two sides exchanged views on promoting exchanges between Chinese and American business communities, deepening cooperation in the digital technology industry chain and supply chain, and optimizing the business environment for foreign - invested enterprises in China.
Jensen Huang Has a Private Meeting with Yan Junjie, Founder of MiniMax
Jensen Huang, the founder and CEO of NVIDIA, had a private meeting with Yan Junjie, the founder of MiniMax, today. The two had a two - hour in - depth exchange, sharing their views on the current situation and future of the Sino - US AI industry. It is understood that Yan Junjie is the only founder of a Chinese AI startup company who has had a private meeting with Jensen Huang so far. (Nbd.com)
Other Noteworthy News:
36Kr learned that according to the National Administration of Financial Regulation, on July 18, the administration held a meeting on the Party building work of the system. The meeting emphasized that the leading role of Party building should be further exerted to coordinate various tasks such as risk prevention, strong supervision, and high - quality development. Solidly promote the reform and risk resolution of small and medium - sized financial institutions, effectively prevent and resolve risks in key areas, strictly prevent and combat illegal financial activities, and firmly hold the bottom line of risks. Adhere to focusing on substantial risks and solving practical problems, standardize the business operations of financial institutions, strengthen the protection of financial consumers' rights and interests, and continuously enhance the pertinence and effectiveness of supervision. Strengthen support for the economic operation to improve, enhance the financial supply for high - quality urban development, support the implementation of special consumption - boosting actions, strengthen the guarantee of effective investment and financing, optimize financial services for stabilizing enterprises and foreign trade, better support the development of new productive forces, and help achieve the annual economic and social development goals.
The Global Cryptocurrency Market Value Breaks Through the $4 Trillion Mark for the First Time
On Thursday, Eastern Time in the United States, the global cryptocurrency market value exceeded the $4 trillion mark for the first time. According to Coingecko data, the total market value of the entire cryptocurrency market is approximately $4.003 trillion, and the trading volume in the past 24 hours exceeded $260.2 billion. Bitcoin currently accounts for 59.91% of the total cryptocurrency market, with a market value of $2.39 trillion. (Sina Finance)