Huawei will not invest in or hold a controlling stake in any car company; Nongfu Spring is suspected of false advertising, its market value has dropped by 280 billion, and Zhong Shanshan's wealth has plummeted by 224.6 billion; CATL has signed another big order｜Lei Feng Morning News

"Nature's money printing machine" encountered a marketing "failure", and the market value fell by 280 billion! Zhong Shanshan's wealth evaporated by 224.6 billion, and the "place of origin" was messed up?

Nongfu Spring was once again embroiled in controversy, accused of using white peaches from Fukushima, Japan, and then urgently denied it. The official @建德发布 also announced the results of an investigation, verifying that the raw materials for Nongfu Spring's Dawn White Peach Flavored Soda Water were not purchased from Fukushima Prefecture, Japan. One netizen commented: "The Dawn White Peach flavor cannot be equated with the Dawn White Peaches produced in Fukushima. Since there are no white peaches produced in Fukushima, why promote it?" As a result, Nongfu Spring was once again accused of false advertising.

On September 8, 2020, Nongfu Spring was listed on the Hong Kong Stock Exchange. It opened 85.12% higher on the first day, with a total market value of over HK$440 billion, becoming the first food and beverage company in Hong Kong stocks. Subsequently, the stock price continued to soar, and Nongfu Spring was nicknamed "Nature's Money Printing Machine". However, after hitting a high of HK$68.75 at the beginning of the year, Nongfu Spring's stock price continued to fall. This year, it once fell below the HK$40 mark, a drop of more than 40%. The latest share price last Friday was HK$41.05 per share, and the market value has evaporated by more than HK$280 billion to HK$461.7 billion. According to data, Zhong Shanshan directly and indirectly holds a total of 84.41% of Nongfu Spring's shares. Calculated based on this shareholding ratio, Zhong Shanshan's net worth evaporated by about HK$270 billion (about RMB 224.6 billion) in 5 and a half months. At present, his net assets are US$68.2 billion (about RMB 440.5 billion), ranking second in Asia on the rich list.

This is not the first time that Nongfu Spring has "marketed" the concept of origin. From "Nongfu Spring is a little sweet", Nongfu Spring has played the card of the Qiandao Lake water source; the phrase "I am just nature's porter" has made Nongfu Spring taste the sweetness of water source marketing. This year, Nongfu Spring launched a Wuyi Mountain tea brewing water, emphasizing in the product promotion that the water source is "Wuyi Mountain, the origin of famous tea." According to incomplete statistics, in recent years, many products under Nongfu Spring have been specially promoted at the origin of the raw materials. (Eastern Fortune Network)

SMIC CEO Zhao Haijun: We are confident that we can compete with any company in the world in similar products

Recently, SMIC held its first extraordinary shareholders' meeting in 2021. At the meeting, when talking about the gap between SMIC and TSMC, Zhao Haijun said that it is more practical to compare different companies and focus on what both sides can do. Advanced process is equivalent to adding the latest carriage to the train, but the carriage added by SMIC 20 years ago is still creating good benefits for the company.

Secondly, SMIC currently mainly meets the needs of strategic cooperation customers. The specific needs of each industry are different, and the 55nm\40nm production line can fully meet the needs of most customers. The goal of SMIC's branches is to meet such needs with the highest efficiency and the best production cost on a global scale.

In addition, he also said that each company specializes in its own field, and the comparison should be based on the production capacity and yield rate of the same product node. The bigger the investment, the better. It is still necessary to make reasonable plans based on the current demand and the prospect of future potential demand. I believe that SMIC's ten years of polishing will make the efficiency of each product node better and better. SMIC is also fully confident that it can compare with any company in the world in similar products. (IT Home)

Huawei's Chi Chunlin: Huawei will not invest in or hold a controlling stake in any car company

Chi Chunlin, President of Huawei Intelligent Automotive Solutions BU MKT and Sales Service Department, elaborated on the reasons why Huawei does not make cars: Huawei ICT has huge commercial interests in Europe, Germany is a huge market, and if it makes cars, it will directly compete with local car companies; secondly, making cars requires huge capital. "Huawei will not hold a controlling stake in any car OEM, even 1%." Chi Chunlin said. (Cailian News)

CATL signs another big order and signs a supply agreement with Tesla

On the evening of June 28, CATL, a trillion-dollar lithium battery company, announced that it had signed a "Production Pricing Agreement" with Tesla on June 25. The agreement stipulates that the company will supply lithium-ion power battery products to Tesla from January 2022 to December 2025. Tesla will determine the specific purchase situation in the form of orders, and the final sales amount shall be subject to the actual settlement of the purchase order issued by Tesla.

On the same day, CATL's stock price hit a new high, breaking through 500 yuan per share at one point during the trading session. As of the close of trading on the 28th, CATL rose 3.71% to 493.90 yuan per share, with a total market value of 1.15 trillion yuan. Since bottoming out on March 25, CATL's stock price has risen by 71% and its market value has soared by 477.6 billion yuan. During this period, the market value of the entire A-share new energy vehicle sector increased by 1.68 trillion yuan.

Currently, CATL has become the world's largest battery supplier for new energy vehicles. Data shows that CATL has a 32.5% share of the global market, ranking first. LG Energy Solution, Panasonic, and BYD have market shares of 21.5%, 14.7%, and 6.9%, respectively. Samsung SDI has dropped one place and now accounts for 3.4%.

As of 11:30 a.m. on the 28th, the real-time Forbes Rich List showed that Zeng Yuqun, chairman of CATL, was worth $44.7 billion (about 288.8 billion yuan), ranking 30th in the world. This is the first time he has entered the top 30 of the list.

Dong Mingzhu: I will not retire next year, and my successor will not be based on relationships, but on ability

According to media reports, during Gree's investor relations event, Dong Mingzhu said: "I will not retire next year, and even if I retire, I will not sell my shares. I will be responsible for the long-term development of the company." Earlier, in a variety show, Dong Mingzhu talked about the criteria for successors. She said that successors are not based on relatives or friends, but only on ability. (Sina Technology)

Baidu's Jidu Auto reportedly hires former Cadillac executive to lead its design studio

Jidu Auto has reportedly hired former Cadillac executive Frank Wu to lead its design studio. Frank Wu worked at General Motors for seven years, leading the design of the Cadillac CT6 and Escala concept cars, and won multiple awards, including the Best Designer Award. In 2017, Frank Wu joined the BAIC design team and led the design and development of several new models, including the C41, C62 and C71. (IT Home)

China Post speeds up delivery: major cities nationwide can enjoy next-day or even next-morning delivery

According to the China Post Express News, China Post has officially launched a comprehensive speed-up program, which mainly includes speeding up delivery, optimizing mail routes across the network, supporting aviation and high-speed rail capacity, and expanding the scale of its own trunk vehicles. This major speed-up program covers more than 1,000 cities across the country, and will achieve next-day delivery in many provinces and cities across the country.

It is understood that China Post has accelerated its delivery speed this time, and major cities across the country can enjoy the extremely fast experience of mail arriving the next day or even the next morning, and more than 60% of express mail has achieved the next morning delivery. (IT Home)

Huobi bans mainland Chinese users from trading derivatives

Huobi, a cryptocurrency platform, said it would prohibit users from mainland China from trading derivatives. Huobi added mainland China to the list of people prohibited from using contract trading services in its updated user agreement on June 26, but the agreement did not prohibit Chinese users from using non-contract trading services. (36kr)

CATL and TÜV SÜD Sign Strategic Cooperation Agreement

TUV SÜD Group and Contemporary Amperex Technology Co., Ltd. signed a strategic cooperation agreement. The two parties reached a consensus on overseas market compliance, production safety risk assessment, supply chain management, battery product safety, and sustainable development. (Jiemian News)

Youzu Interactive's subsidiary was fined for publishing false advertisements, and its gaming website was shut down for rectification

According to 21st Century Business Herald, a subsidiary of Youzu Interactive was fined 440,000 yuan by the Shanghai Jiading District Market Supervision Administration for publishing false advertisements and was ordered to stop publishing. The decision shows that 77 Game Network, a game information collection website operated by Youzu, has published relevant content of "the first stop for mobile game information" since June 2020.

Promotions such as “first stop” fall under the definition of extreme terms in the Advertising Law of the People’s Republic of China, and violate Article 9, Item (3) of the Advertising Law: Advertisements shall not contain the following… (3) Use of terms such as “national level”, “highest level”, “best”, etc.

The website is currently being taken offline for rectification and is inaccessible.

Apple responds to iPhone 12 Mini discontinuation: No discontinuation notice received

Recently, there have been reports that Apple will stop producing the iPhone 12 mini in the second quarter of this year due to low sales. In response to the above rumors, Apple China Customer Service said that it has not received any notice of discontinuation of production. In addition, according to Apple's official website, the iPhone 12 mini is still on sale on the Apple website, and there is no delivery delay. (Sina Technology)

Apple Watch 7 is expected to use a smaller chip to be equipped with a large-capacity battery

According to foreign media reports, when the new iPhone is launched in the second half of this year, Apple Watch Series 7 will also be launched at the press conference. Apple Watch Series 7 will be equipped with S7 processor, which is thinner and smaller than the processors equipped in previous generations of Apple Watch. Apple will use this space to add more hardware. In addition to the sensors that are usually expected to be added, Apple will also use a larger capacity battery to extend the battery life of Apple Watch Series 7. (TechWeb)

Nvidia announces partnership with Google Cloud to build industry’s first AI-on-5G lab

According to foreign media reports, today, NVIDIA announced at the 2021 Mobile World Congress (MWC 2021) held in Barcelona, ​​Spain that it will work with Google Cloud to build the industry's first AI-on-5G innovation lab to help accelerate the development and deployment of AI-based solutions. (Science and Technology Innovation Board Daily)

SK Hynix's acquisition of Intel's NAND flash memory business is approved by the UK

The UK Competition and Markets Authority said on Monday it had approved Intel Corp.'s planned sale of its flash memory manufacturing business to South Korea's Hynix Semiconductor. The antitrust regulator said it decided not to conduct a second phase of an in-depth investigation into the deal based on the information currently available.

SK Hynix signed a $9 billion contract with Intel to acquire its NAND flash memory and SSD business (Dalian, China) in October last year, and applied for a merger in January this year. SK Hynix's acquisition requires approval from eight countries and regions, and has been approved in the United States, Europe, Taiwan, South Korea, Brazil and the United Kingdom. Antitrust reviews are underway in mainland China and Singapore. (Yonhap News Agency)

Qualcomm releases Snapdragon 888 Plus 5G mobile platform

Qualcomm announced the launch of the new Snapdragon 888 Plus 5G mobile platform, which is an upgraded product of the Snapdragon 888 flagship mobile platform. According to reports, the above two platforms already support more than 130 terminals that have been released or are under development. Snapdragon 888 Plus supports the full Snapdragon Elite Gaming features, which can provide HDR graphics quality and mobile-first end-level features.

Compared with Snapdragon 888, the Qualcomm Kryo 680 CPU integrated in Snapdragon 888 Plus has a super core frequency of up to 3.0GHz. In addition, the computing power of the 6th generation Qualcomm AI engine it supports reaches 32 trillion operations per second (32 TOPS), and the AI ​​performance is improved by more than 20%. (IT Home)

Samsung's new Exynos processor may be launched in July

Samsung's new Exynos processor will be launched in July, which will integrate AMD's RDNA 2 architecture GPU IP and support ray tracing. It is reported that the new generation of Exynos samples have been sent to partners for testing. In addition to integrating the RDNA 2 architecture GPU, it also includes a 5G modem, a neural network processing unit (NPU), and a digital signal processor (DSP). As far as the GPU is concerned, the peak performance of the RDNA 2 architecture GPU in the new generation of Exynos will be slightly higher than that of the new generation Mali-G710. (Science and Technology Innovation Board Daily)

South Korea will invest 1.1 trillion won in autonomous driving research and development to achieve L4 level autonomous driving

According to foreign media reports, South Korea, which has announced that it will invest heavily in chip and 6G research and development, will also invest a lot of money in the research and development of autonomous driving technology to achieve L4 level autonomous driving. Multiple departments and institutions in South Korea will jointly finance autonomous driving projects and accelerate the commercialization of autonomous driving technology. (Sina Finance)

British surgical robotics company CMR receives $600 million in funding

UK-based robotics company CMR Surgical has announced $600 million in Series D funding, Techcrunch reports. The latest round was led by SoftBank Vision Fund 2 and co-led by Ally Bridge Group, joining the $384.8 million already raised by the Cambridge company. It values ​​the company at $3 billion.

CMR's flagship product is Versius. The robotic system is designed to perform minimally invasive keyhole surgeries, primarily for serious conditions such as intestinal diseases or bowel cancer. According to CMR, the platform has been used worldwide and has been involved in 1,000 surgeries to date. (Techcrunch)

Judge dismisses FTC antitrust lawsuit, Facebook's market value exceeds $1 trillion for the first time

James Boasberg, a U.S. district judge in Washington, D.C., agreed to Facebook's request on Monday to dismiss two antitrust lawsuits filed by the U.S. Federal Trade Commission (FTC) and a multi-state coalition. Driven by this good news, Facebook's stock price surged 4.18% at the close of Monday, with a market value of $1.008 trillion, breaking through $1 trillion for the first time. In addition to Facebook, there are four other U.S. technology companies whose market value has exceeded $1 trillion, namely Apple, Microsoft, Amazon and Google's parent company Alphabet. (Sina Technology)

WhatsApp appoints former Amazon executive to lead payments business in India

Facebook-owned messaging app WhatsApp has appointed former Amazon executive Manesh Mahatme as head of its payments business in India.

WhatsApp has more than 500 million users in India and was approved to launch payment services in India last year. The appointment of Mahatma as head of India's payment business is a step towards strengthening its business in India. WhatsApp said in a statement that Mahatma will help improve users' payment experience and promote business growth.

At Amazon, Mahatmay led the product and engineering team for Amazon Pay in India. Previously, Mahatmay also worked at Citigroup and Indian mobile operator Bharti Airtel. (Sina Technology)