Ren Zhengfei signed the document, again raising the issue of lagging behind in software development ! Huawei issued a major statement: It’s time to blow up the R&D pyramid

Recently, Huawei Xinsheng Community reposted an email signed by Huawei founder and president Ren Zhengfei in 2016, "It's time for Huawei to blow up the R&D pyramid", after a lapse of 5 years. A Huawei R&D employee said in this article that Huawei does have many problems in the field of software R&D, which have led to the low quality of Huawei's IT software products, low development efficiency, and long product delivery cycle, which is very distressing.

Two days before Xinsheng Community forwarded this article, Huawei just released its first half operating results. In the first half of the year, Huawei achieved sales revenue of 320.4 billion yuan and a net profit margin of 9.8%. However, the consumer business was significantly affected. In the first half of this year, Huawei's consumer business revenue was 135.7 billion yuan, a year-on-year decrease of 46.95%.

The email shows that the author of "It's time for Huawei to blow up the R&D pyramid" is a Huawei employee named Niwa Ke, and the article is his thoughts on improving the efficiency and quality of Huawei's software R&D. This article signed by Ren Zhengfei was submitted to members of Huawei's board of directors and supervisory board, and mainly to all Huawei employees. The email was issued on August 5, 2016. On August 8, 2021, Huawei forwarded this article again after a lapse of 5 years. The note of this article signed by Ren Zhengfei said that politeness in technical work is "drugs", and facing criticism and debate directly is the best medicine. (Source: China Securities Journal)

Ready Player One is about to become a reality? Metaverse may be the ultimate battlefield for Internet giants

Recently, many well-known technology companies at home and abroad have defined themselves as metaverse companies. Zuckerberg has repeatedly emphasized that the metaverse is the second half of the Internet. At the same time, Roblox, known as the "first stock in the metaverse", had a market value of over $40 billion on its first day of listing, and its valuation increased 10 times in one year.

In the eyes of domestic investors, the Metaverse is the best form of integration of games, social networking, finance, AI, VR, and brain-computer interfaces, and will generate greater commercial potential than the current Internet. To this end, Leifeng.com interviewed more than 30 industry insiders and fully deciphered and discussed the Metaverse in the WeChat group. Friends are welcome to scan the QR code to join the group.

Game company Perfect World was reported to have laid off a 10-year veteran employee with a terminal illness for 1,780 yuan. The company later announced that a settlement had been reached.

On August 11, a piece of news that "well-known game company Perfect World was exposed to lay off a 10-year veteran employee with a terminal illness for 1,780 yuan" became a hot search on Zhihu. According to the topic, according to the post, the employee said that he joined Perfect World as a technical post right after graduation and participated in many major projects of the company. His personal and work values ​​were recognized. In 2019, he was diagnosed with brain cancer and began a two-year sick leave. During the sick leave, the company said that according to the labor law, he would be paid 1,780 yuan a month for sick leave. When the sick leave was over, the company immediately dismissed the employee for 1,780 yuan, which was far lower than the normal dismissal fee. After the employee was dissatisfied and posted the company's decision on WeChat Moments, the company quickly sent a huge compensation package to silence him, but after this incident, the employee decided to take legal action.

The incident quickly gained popularity, and the parties involved released a statement on the website, saying that the company had brought both parties together for mediation. Subsequently, the company also released an internal announcement saying that a settlement had been reached.

Lei Jun distributed 370 million yuan in welfare benefits, and a large number of Xiaomi mobile phone 1 Thanksgiving red envelopes (original price 1999 yuan) appeared on Xianyu, and the seller asked for 1800 yuan

On the evening of August 10, Lei Jun's 2021 annual speech was held. Lei Jun, CEO of Xiaomi Group, announced that each of the first batch of Xiaomi mobile phone 1 users would be given a red envelope worth 1,999 yuan. On August 11, according to multiple media reports, a large number of Xiaomi anniversary thanksgiving red envelopes have appeared on the second-hand trading platform Xianyu, with prices ranging from 1,600 yuan to 1,900 yuan, and some are marked with a price of 1,999 yuan.

It is worth mentioning that the search volume for Xiaomi 1 on second-hand platforms such as Zhuan Zhuan increased instantly. Data shows that from 20:00 to 24:00 that night, the number of people searching for Xiaomi 1 on Zhuan Zhuan increased by 133.1% compared with the previous 4 hours, and the number of searches increased by 139.7%, surpassing popular models such as Xiaomi 8 and Xiaomi 11 to rank second in search volume, second only to Xiaomi 10. Some Mi fans even thought that buying Xiaomi 1 would allow them to grab Xiaomi's red envelopes and "take advantage of the situation".

Market capitalization ranking of my country's listed Internet companies: Tencent Holdings, Alibaba, Meituan, Pinduoduo, and JD.com are the top five

On August 11, the China Academy of Information and Communications Technology has released a research report on the operation of my country's listed Internet companies in the second quarter of 2021. The report pointed out that in June 2021, the total market value of my country's listed Internet companies was 18.8 trillion yuan, and the total market value of the top 30 listed Internet companies in the world was 8.7 trillion US dollars. The report shows that the top 10 Internet companies in my country by market value are: Tencent Holdings, Alibaba, Meituan, Pinduoduo, JD.com, Kuaishou, NetEase, Baidu, Didi Chuxing, and Beike.

Suning.com Chairman and President sent a letter to all employees: Let Suning.com return to its rightful market position

On August 11, Suning.com Chairman Huang Mingduan and President Ren Jun sent a letter to all Suning.com employees, calling on all employees to unite as one and work together to win the 818 promotion. The letter said that action is the best way to solve the problem and Suning.com should return to its rightful market position.

Huang Mingduan and Ren Jun said in a letter to employees that Suning.com did encounter some problems in the past six months, but its fundamentals and core business are still healthy. "With the full support of the government, financial institutions, brand owners, and partners, Suning.com will definitely get out of the predicament and start again." Suning.com's core management put forward four requirements to all employees: "Cheer up, unify policies, focus on customers, and resolutely implement." (Source: Titanium Media)

Vanke responds to rumors of investing in Evergrande Property: No information available for disclosure at present

In response to current market rumors that Evergrande may sell its property management business to a consortium led by Vanke, Vanke responded to Wall Street News on August 11 that there is no information to disclose at present. However, people familiar with Vanke said that according to Vanke's past habits, it will directly deny things that are not true, but this caliber has not denied it. (Source: Wall Street News)

Evergrande responds to the sale of Evergrande Auto: Selling part of the assets, not the entire asset

An insider from Evergrande Auto said that what was being sold was some of the assets of Evergrande Auto (00708.HK), not the entire company. In addition, as to whether there are any interested investors, the insider said that it would depend on subsequent announcements, and there is no information on this at the moment. (Source: Sina Finance)

Bilibili surpassed Youku in terms of daily active users to become the third largest long video platform, with more than 65 million users and a user usage time of more than 80 minutes

According to LatePost, the number of daily active users of the video website Bilibili has exceeded 65 million recently, surpassing Youku to become the third largest long video platform after iQiyi and Tencent Video. The report said that the user usage time of Bilibili has stabilized at more than 80 minutes.

Bilibili's first quarter financial report released in May this year showed that in the first quarter of 2021, the average monthly active users of Bilibili increased by 30% year-on-year to 223 million; the average monthly active users on mobile terminals increased by 33% year-on-year to 209 million. (Source: IT Home)

The CPC Central Committee and the State Council: Strengthen law enforcement in key areas related to the vital interests of the people, such as education and training

The Central Committee of the Communist Party of China and the State Council issued the "Implementation Outline for Building a Rule of Law Government (2021-2025)", proposing to increase law enforcement in key areas. Increase law enforcement in key areas related to the vital interests of the people, such as food and drugs, public health, natural resources, ecological environment, production safety, labor protection, urban management, transportation, financial services, education and training. Sort out prominent issues that the masses strongly reflect on in different fields, and carry out concentrated special rectification. For those with high potential risks and possible serious adverse consequences, strengthen daily supervision and law enforcement inspections to prevent and resolve illegal risks at the source. Establish and improve a system of punitive compensation and huge fines for serious violations, and a lifetime ban mechanism, so that serious violators pay the price they deserve. (Source: Xinhua News Agency)

ByteDance's commercial products are adjusted again

Zhao Qi, head of ByteDance's growth platform, has recently taken over the Pangolin advertising platform, which is ByteDance's most important commercial product. Xu Yujie, the former head of Pangolin, has resigned. Pangolin is ByteDance's multi-platform advertising system, which essentially does advertising intermediary business: merchants put forward advertising needs to Pangolin, and Pangolin matches merchants with suitable advertising platforms to help merchants acquire customers and attract traffic.

It is understood that as of May this year, Pangolin has a 55% market share in the advertising agency market, surpassing Youlianghui and Baiqingteng, which are the advertising delivery systems of Tencent and Baidu respectively. (Source: LatePost)

Lenovo Group's Liu Jun: In the first quarter of fiscal year 2021/22, commercial IoT device business grew 354% year-on-year

Liu Jun, executive vice president of Lenovo Group and president of China, said at the Q1 performance communication meeting for the 2021/22 fiscal year that in the first fiscal quarter, Lenovo's market share of commercial tablet sales in China reached 23.9%, an increase of 12 percentage points year-on-year, ranking first in the commercial tablet market for the third consecutive quarter; consumer tablet sales increased more than 10 times year-on-year. In addition, Liu Jun also said that the commercial IoT device business grew 354% year-on-year, and some commercial IoT device business solutions have been replicated. (Source: 36Kr)

BYD denies supplying blade batteries to Tesla

Earlier reports said that BYD will supply "blade batteries" to Tesla in the second quarter of next year. Tesla models equipped with "blade batteries" have entered the C-type testing phase. In response to this, BYD responded to Phoenix Technology that the company has never told the media that it will supply "blade batteries" to Tesla, nor has it stated that "blade batteries" will be used in Model Y. (Source: Phoenix Technology)

SoftBank China Capital's statement in response to the group's suspension of investment in China was deleted

Last night, SoftBank China Capital responded to the decision made by Japan's SoftBank Group to "suspend investment in China". SoftBank China Capital (SBCVC) said that it has noticed relevant media reports and will not comment on Japan's SoftBank Group's investment strategy in China. SoftBank China Capital will continue to be committed to investing in excellent high-tech and high-growth companies in China. However, this response was later deleted. (Source: Titanium Media)

Tesla's European Gigafactory delayed, Musk visits Germany on private jet

Joerg Steinbach, the German economy minister for the state of Brandenburg, said on Twitter on Wednesday that Tesla CEO Elon Musk met with officials from the Brandenburg state government that evening. Tesla is currently building its European Gigafactory in Brandenburg at a cost of 5.8 billion euros (about 6.9 billion U.S. dollars), but progress has not been smooth.

Steinbach said the meeting was very relaxed and they discussed the remaining tasks in an atmosphere of mutual trust. He thanked Musk for his visit. Earlier public flight data showed that Musk's private plane arrived in Germany late on Wednesday. Currently, Tesla's plan to build a new super factory near Berlin is not going smoothly and has been delayed due to environmental resistance and red tape. (Source: Phoenix Technology)

Vietnam bans import and production of 2G/3G mobile phones

Vietnam has reportedly banned the import and production of 2G and 3G mobile phones, but the country plans to provide 2.1 million smartphones to low-income families between 2021 and 2025. According to the ban issued by the Ministry of Information and Communications of Vietnam, starting from July 2021, all mobile communication terminals produced or imported in Vietnam must support 4G networks or higher network technologies.

Affected suppliers include HMD Global, Itel, Masstel and Mobell, which have been the main suppliers of feature phones in Vietnam. With the implementation of the new regulations, Itel expects the use of its 2G feature phones to drop by 70%. Currently, 2G and 3G terminals can still be used and circulated in Vietnam. However, after the expiration of 2G and 3G network licenses in September 2024, the Ministry of Information and Communications of Vietnam will no longer provide license renewals and renewals. (Source: C114 Communication Network)

Coinbase's second quarter trading volume far exceeded expectations and reached $462 billion

Coinbase, the largest cryptocurrency exchange in the United States, released its second quarter financial report for fiscal year 2021. The report shows that Coinbase's net revenue in the second quarter was US$2.033 billion, compared with US$178 million in the same period last year, an increase of 11.4 times year-on-year; net profit in the second quarter was US$1.606 billion, compared with US$32 million in the same period last year, an increase of 49 times year-on-year, and doubled from the net profit of US$771 million in the first quarter; at the same time, the financial report shows that Ethereum's transaction volume in the quarter surpassed Bitcoin. After the release of the second quarter financial report, Coinbase's stock price rose by nearly 5% after hours. (Source: Titanium Media)

IDB, Cambridge Quantum and Tec de Monterrey develop quantum computing-resistant blockchain

IDB Lab, Cambridge Quantum (CQ), and Tecnológico de Monterrey, the innovation laboratory of the Inter-American Development Bank (IDB), have identified and addressed the potential threats posed by the development of quantum computers to blockchain networks. To address these threats, the project team developed a cryptographic layer that protects blockchain networks from the impact of the new generation of computing technology.

Four potential threat areas for blockchain networks have been identified, including communications between network nodes and the integrity of digitally signed transactions. Each potential threat area relies on cryptography and keys that are vulnerable to attack by quantum computers and require improvement to ensure the security and integrity of blockchain networks.

To counter these threats, the project team developed a post-quantum encryption layer on the LACChain Besu blockchain network based on Ethereum technology to protect the network and provide the ability to resist quantum computer attacks. At the same time, transactions and communications are protected by quantum anti-attack keys of Cambridge Quantum's IronBridge platform, which uses quantum computers to generate authentication entropy. (Source: C114 Communication Network)

Norton acquires Avast for $8.6 billion

Norton LifeLock, formerly Symantec, has agreed to acquire Czech antivirus software maker Avast in a deal valued at up to $8.6 billion, giving Norton LifeLock access to one of the largest user bases in the antivirus industry.

In a statement, the two parties said that Avast shareholders will receive cash and stock paid by NortonLifeLock, and the transaction value is between US$8.1 billion and US$8.6 billion. After the merger is completed, Vincent Pilette of NortonLifeLock will continue to serve as CEO, and the company will establish dual headquarters in Tempe, Arizona, USA and Prague, Czech Republic. Avast CEO Ondřej Vlček will serve as president of the merged company and join the board of directors. (Source: Phoenix Technology)

Amazon accelerates its entry into the electric vehicle market, Rivian may invest more than $5 billion to build a factory in Texas

Amazon (AMZN.O)-backed electric vehicle startup Rivian Automotive is in talks to invest at least $5 billion to build a factory near Fort Worth, Texas, according to media documents. The plant, code-named "Project Tera," will produce 200,000 vehicles a year by 2027 and create at least 7,500 jobs by 2027, according to the document. But Rivian did not immediately respond to a request for comment. The document shows that Rivian's promised $5 billion capital investment includes at least $2 billion in real estate improvements and $1.6 billion in hard construction costs. The company has pledged to complete the initial investment by the end of 2024. (Source: Titanium Media)