Liu, a businessman surnamed, was arrested? JD responded quickly; Yang Guoqiang, founder of Country Garden, sells private planes to repay debts? Personnel close to the company: the information is true; Qualcomm California layoffs of thousands and cost reduction | Major company dynamics

Science and Technology CircleIFLYTEK has established a smart park operation center in Anhui, which includes multiple AI businessesAccording to Tianyancha App, recently, the Yangtze River Delta (Anhui) Kexun Smart Park Operation Center Co., Ltd

Science and Technology Circle

IFLYTEK has established a smart park operation center in Anhui, which includes multiple AI businesses

According to Tianyancha App, recently, the Yangtze River Delta (Anhui) Kexun Smart Park Operation Center Co., Ltd. was established, with legal representative Lv Jun and registered capital of 20 million RMB. Its business scope includes information system integration services, data processing and storage support services, artificial intelligence industry application system integration services, artificial intelligence public service platform technology consulting services, and artificial intelligence basic software development, Wholly owned by iFLYTEK.

Qualcomm California layoffs of thousands to cut costs

Qualcomm, one of the world's largest chip manufacturers, is reducing its workforce. According to a document submitted by the San Diego based US company to the California Department of Employment and Development, the latest round of layoffs will affect 1258 employees, including 194 in Santa Clara and 1064 in San Diego. These positions involve positions such as engineers, legal advisors, accountants, and human resources. Qualcomm stated that this round of layoffs will take place around December 13th. According to California law, companies must file their layoff plans with the employment department.

Internet

JD quickly refutes the rumor that a businessman surnamed Liu has been arrested

On October 13th, the topic of "JD refuting rumors and Liu surnamed businessman being arrested" topped the hot search. The official account of JD, "JD spokesperson," posted on Weibo: "We have noticed rumors that 'a businessman surnamed Liu is suspected of violating the law and being arrested'. This rumor was deliberately posted by someone with ulterior motives in JD's relevant news dynamics to confuse the public and manipulate public opinion. We express strong indignation at this malicious behavior and have reported the case to the public security organs

Tencent Personnel Adjustment: Vice President Zeng Yu leads the PCG and IEG technology lines, while He Yijin also serves as the head of the PCG information service line

Tencent has issued an internal personnel appointment, with Tencent Vice President Zeng Yu concurrently serving as the Technical Director of IEG (Interactive Entertainment Business Group) and continuing to be responsible for the PCG (Content and Platform Business Group) technical line. He Yijin has been appointed as the head of PCG Information Platform and Service Line, and he will continue to manage Tencent News. (Sina Technology)

Dongfang Zhenxuan APP paid member internal test: 199 yuan per year, expected to be launched within this month

On October 13th, it was learned from insiders that Dongfang Zhenxuan will fully launch the self operated APP paid membership system within this month. Previously, on October 11th, Dongfang Zhenxuan sent an email to all employees within the company, announcing the launch of internal testing for paid members of the app, which was open to employees, and continued to iterate and optimize based on feedback content. It is reported that Dongfang Zhen's paid members are priced at 199 yuan per year. Dongfang Zhen provides exclusive benefits for paid members, including a 88% discount on 100 self operated products, 12 membership coupons per year, and a 66 yuan coupon package for admission gifts. Paid members are expected to save up to 12000 yuan per year. Currently, over 155 self operated products are being sold in the official store of Dongfang Zhenxuan. (surging news)

Kugou v. Kwai

According to Tianyan's App search, recently, Guangzhou Kugou Computer Science and Technology Co., Ltd. and Beijing Kwai Technology Co., Ltd. added a new notice of court session on the network tort liability dispute. The plaintiff is Guangzhou Kugou Computer Science and Technology Co., Ltd. The case was heard in the Guangzhou Internet Court on October 13.

Baidu shares in funds under Jiuhe Venture Capital

According to the Tianyancha App, recently, Hainan Jiuhe Shenhong Venture Capital Fund Partnership (Limited Partnership) under Jiuhe Venture Capital underwent an industrial and commercial change, adding Baidu's Dazi County Bairuixiang Venture Capital Management Co., Ltd. as partners. At the same time, the company's capital contribution increased from 300 million RMB to 534 million RMB, an increase of 78%.

Automobile circle

Changan Automobile and other companies established Xinlian Integrated Circuit Company

According to Tianyancha App, Chongqing Xinlian Integrated Circuit Co., Ltd. was recently established with Yang Yonghui as its legal representative and a registered capital of 8.7 billion RMB. Its business scope includes integrated circuit design, integrated circuit manufacturing, integrated circuit chip and product manufacturing, integrated circuit chip design and services, and semiconductor device specialized equipment manufacturing. According to shareholder information, the company is jointly held by Chongqing High tech Zone Intelligent Manufacturing Industry Research Institute, Chongqing Electromechanical Holdings (Group) Co., Ltd., Qingling Automobile (Group) Co., Ltd., Changan Automobile, and others.

Beijing Hyundai Recalls 10722 Cars: Risk of Fire

Recently, Beijing Hyundai Motor Co., Ltd. filed a recall plan with the State Administration for Market Regulation. Starting from October 15, 2023, a total of 10722 fourth generation Shengda, Cousteau, tenth generation Sonata, and fifth generation Tucson L vehicles produced from November 14, 2022 to July 24, 2023 will be recalled. Due to damage to the circuit board of the transmission electric oil pump controller of the Idle Start Stop System (ISG) during the manufacturing process, there may be thermal damage inside the controller, increasing the risk of fire and posing a safety hazard for vehicles within the scope of this recall. (Zhongxin Jingwei)

Tesla: North American referral rewards lowered, domestic referral rewards closed by the end of October

According to Tesla's North American official website, Tesla has recently made adjustments to its local referral reward policy: car buyers who order the S3XY model through friend referrals have received a referral reward that has decreased from $500 to $250; The point reward of 10000 points for the referral remains unchanged. The reporter learned that on October 1, the day when Tesla China officially announced the re evolution of ModelY, it also updated the activity of "Winning the Recommendation Award", bringing forward the deadline of the recommendation award activity in Chinese Mainland to October 31. (Shanghai Securities News)

Didi's Xiaoju Intelligent Capital Increase to 1.7 billion

According to Tianyancha App, recently, Beijing Xiaoju Intelligent Automotive Technology Co., Ltd. underwent industrial and commercial changes, with its registered capital increasing from approximately 1.356 billion RMB to approximately 1.739 billion RMB, an increase of approximately 28%. At the same time, the original shareholder Beijing Huineng Technology Co., Ltd. has withdrawn and Shanghai Jusheng Technology Co., Ltd. has been added as a shareholder with wholly-owned shares.

Shanghai Pharmaceutical Cloud Health has completed a round C financing of 500 million yuan, led by the Comprehensive Reform Fund and ICBC Investment

First Financial learned from Shanghai Pharmaceutical Cloud Health that the company has recently completed a round of financing with a scale of 500 million yuan. This round of financing is a round of C, jointly led by Shanghai Comprehensive Reform Fund and ICBC Investment, and continuously supported by Shanghai Biomedical Fund.

Financial sector

Five major banks actively respond to industry initiatives to increase cost reduction and profitability

On October 13th, the five major banks of China, Agriculture, Industry, Postal Service, and Construction announced their active response to the "Proposal on Adjusting the Prices of Some Banking Services and Improving Service Quality and Efficiency" issued by the China Banking Association.

According to online rumors, Wang Yawei has been detained and under investigation, but has been "disconnected". Qianhe Capital has responded

Recently, there was market news that investment tycoon Wang Yawei was taken away to assist in the investigation. The reporter repeatedly attempted to contact Wang Yawei himself, but failed. The reporter sought confirmation from Qianhe Capital, and after dialing the phone, the other party stated that news such as Wang Yawei's "assistance in investigation" was not true, and that he himself was also working normally at the company. After the news of Wang Yawei's detention spread today, the reporter called Qianhe Capital again to verify, and the other party once again denied the authenticity of this rumor. (Daily Economic News)

Shanghai Bank: sued six related parties including Yao Zhenhua and Baoneng Holdings

On October 13th, Bank of Shanghai announced that the Shenzhen branch of the company had filed a lawsuit with the Shenzhen Intermediate People's Court of Guangdong Province over a financial loan contract dispute with Shenzhen Torgis Technology Co., Ltd., Shenzhen Shenye Logistics Group Co., Ltd., Torgis Group Co., Ltd., Shenzhen Baoneng Investment Group Co., Ltd., Baoneng Holdings (China) Co., Ltd., and Yao Zhenhua, And recently received the "Notice of Acceptance of Cases" from the Intermediate People's Court of Shenzhen City, Guangdong Province. The amount involved in the case is the loan principal of RMB 2.58 billion and the corresponding interest, penalty interest, and compound interest, as well as all expenses incurred to realize the debt. Shanghai Bank stated that the company has made corresponding loan loss provisions for the loan, and it is expected that the litigation matter will not have a significant impact on the company's current or future profits.

Nanjing Bank: Adjusting the interest rate of existing first home loans has limited impact on the bank's interest income and net interest margin in 2023

Nanjing Bank stated on the interactive platform that the company actively implements relevant regulatory requirements and orderly promotes the adjustment of commercial personal housing loan interest rates for the first existing housing in accordance with the law. The impact on the bank's interest income and net interest margin for 2023 is limited. At present, the company's business management is healthy and stable, with good business performance.

[Real estate industry]

Yang Guoqiang, Founder of Country Garden, Appears

On the morning of October 13, Country Garden published an article on its official WeChat official account titled "Research and Guidance of Yang Guoqiang and Mo Bin on the Construction Site of the Project of Nanping Road in Beijiao, Shunde", which is also the second time that Yang Guoqiang has come into public view since he retired in the first half of this year. After the release of this news, it was widely forwarded by many employees of Country Garden, and related rumors were also clarified on the side. (Company e)

Yang Guoqiang, founder of Country Garden, sells private planes to repay debts? People close to the company: the news is true

On October 13th, it was rumored on the internet that Yang Guoqiang, the founder of Country Garden, sold a private plane to repay debts. People close to the company stated that the news was true. After selling, increasing the company's cash flow and supporting the company's operations are all done to increase support for the company's operations. (China Securities Taurus)

Country Garden: Recently, the controlling family provided an interest free loan of $300 million to a listed company

The Yang family is still providing financial support for Country Garden. Several insiders of Country Garden have confirmed that recently, the Yang family of Country Garden founder Yang Guoqiang has provided an interest free loan of $300 million to Country Garden. The support for listed companies goes beyond this. At the group executive meeting held on October 9th, President Mo Bin revealed that the Yang family is also selling their private aircraft. According to the announcement released by Country Garden, as of the aforementioned borrowing, Country Garden's controlling shareholders and their families have supported the company by borrowing, increasing their holdings of stocks, purchasing bonds, and using stocks as interest substitutes, totaling approximately HKD 38.6 billion, and have never reduced their holdings of stocks. Among them, they have provided the company with an accumulated interest free and unsecured loan of HKD 6.6 billion equivalent to contracts. (surging news)

New Energy

Huaneng Group and others established a new energy company in Shenyang

According to the Tianyancha App, on October 11th, Liaoneng Zhongke (Shenyang) New Energy Co., Ltd. was established, with legal representative Lu Fengbin and registered capital of 50 million RMB. Its business scope includes power generation, transmission, power supply (distribution), wind power generation technology services, solar power generation technology services, and energy storage technology services. The equity panoramic view shows that the company is 50% owned by Zhongke Debang New Energy (Beijing) Co., Ltd. and Huaneng New Energy Co., Ltd., respectively, which are subsidiaries of China Huaneng Group Co., Ltd.

Digital Publishing

Chinese online announced the release of the "Xiaoyao" model, which can generate 10000 character novels with just one click

Chinese Online announced today the launch of the Chinese "Xiaoyao" 10000 character creation model. It is reported that the "Xiaoyao" model can generate ten thousand character novels with one click, providing authors with AI assisted creative tools throughout their entire life cycle.

Game Circle

Microsoft has been approved to acquire Activision Blizzard and has cleared all obstacles

On October 13th, the UK Competition and Market Authority (CMA) issued a statement stating that it had approved Microsoft's revised acquisition of Activision Blizzard, but did not include the copyright of cloud games. CMA stated that Microsoft made a concession in August this year and Ubisoft will purchase the cloud game rights of Activision Blizzard. This approval means that the largest game acquisition in history worth $68.7 billion has crossed the last hurdle.

Logistics Industry

China Securities Regulatory Commission: Received the filing materials for Cainiao's proposed listing on the Hong Kong Stock Exchange

The website of the China Securities Regulatory Commission updates the registration form for overseas issuance and listing of securities by domestic enterprises (initial public offering and full circulation). On October 10th, the China Securities Regulatory Commission received the filing materials from Cainiao Smart Logistics Network Co., Ltd. regarding its listing on the Hong Kong Stock Exchange.

Large Consumption

Hema has fully launched supply chain optimization, resulting in a price reduction of over 5000 products in its stores

Following the launch of the "Moving Mountain Price", Hema announced on October 13th the comprehensive launch of the supply chain optimization project, and the prices of over 5000 products in Hema Fresh's offline stores were lowered.

(Editor: Zheng Jiawei)

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