Xiaomi's Q3 smartphone business revenue was 47.8 billion yuan, falling out of second place in the world

On November 24, Xiaomi recently released its third-quarter 2021 financial report, which showed that Xiaomi's revenue for the quarter was 78.01 billion yuan, higher than the market expectation of 77.46 billion yuan, an increase of 8% year-on-year. Xiaomi's net profit for the quarter was 5.16 billion yuan, a year-on-year increase of 25.4% and a month-on-month decrease of 18.1%.

Among them, Xiaomi's smartphone business revenue reached 47.8 billion yuan this quarter, a year-on-year increase of 4.4%, with a gross profit margin of 12.8%. The average selling price (ASP) of smartphones increased from 1,022.3 yuan in Q3 2020 to 1,090.5 yuan. It is worth noting that Xiaomi's global smartphone shipments this quarter were 43.9 million units, falling from the second place in the world to the third place in the world, with a market share of 13.5%.

Xiaomi Wang Xiang, president of the group, said in a earnings call that the shortage of chips affected the shipment of Xiaomi mobile phones by about 10 million to 20 million. In the second half of this year, 4G products were in extreme shortage, and Xiaomi was "quite affected". In addition, Wang Xiang also said that Xiaomi's market share declined in the third quarter, mainly due to the strong performance of iPhone 13. According to Canalys data, Xiaomi's global market share in the third quarter was 13.5%, ranking third, compared with 16.7% in the second quarter, ranking second.

An income certificate for a developer at Tencent Tianmei Studio leaked: After-tax income of 2.5 million, an average of 200,000 per month

On the evening of November 23, the income certificate of a game client developer at Tencent Tianmei Studio was widely circulated in the circle of friends, and was successively searched on Maimai and Zhihu, triggering heated discussions on the Internet. The income certificate document shows that the employee is a game client developer at Tencent (Chengdu) Tianmei L1 Studio and has been employed for 12 years; his annual income after tax is 2.51 million yuan (including salary, bonuses and allowances, etc.), and his average monthly income is about 200,000 yuan. The official seal of the document is the Tencent Human Resources seal. Some netizens revealed that 2.5 million after tax is the total annual package income, corresponding to more than 4 million before tax.

A former Tencent employee said that the King of Glory project team has only a few hundred employees, generating tens of billions of revenue each year, with an average per capita output of 200 to 300 million yuan, so it is not excessive to give out any bonus. The income certificate is self-printed by a machine, and you can choose various statistical methods such as before tax, after tax, with stocks, and without stocks. It is worth noting that Tencent’s internal salary is a high-voltage line, and it is not allowed to inquire about each other. Violators will be fired. Therefore, a large number of netizens questioned that the income certificate was taken and circulated by bank staff.

Tianmei L1 Studio was formerly known as Wolong Studio, one of Tencent's eight studios. The popular Honor of Kings is developed and operated by Tianmei L1 Studio. The latest data shows that Honor of Kings has generated more than $10 billion in revenue since its release in 2015. According to the Sensor Tower report, this mobile game earned more than $2 billion on Google Play and Apple App Store in 2021 alone.

It is understood that as early as 2014, Tencent's "League of Legends" team was reported to have paid out year-end bonuses of up to 60 months' salary. In 2016, industry insiders revealed that the "Honor of Kings" team received an average year-end bonus of 1.4 million yuan per person, with a minimum bonus of 600,000 yuan, and core employees even received 2.9 million yuan.

ByteDance achieved advertising revenue of approximately RMB 115 billion in the first half of the year

On November 23, according to 36Kr, ByteDance achieved advertising revenue of approximately RMB 115 billion in the first half of 2021, achieving double-digit growth and approaching the original planned target. According to public information, advertising revenue is the main source of ByteDance's revenue, and advertising accounted for 77% of ByteDance's actual revenue in 2020.

Previously, the Securities Times reported that ByteDance disclosed at a general meeting of its commercial products department on November 18 this year that its domestic advertising revenue had stopped growing in the past six months.

Hong Kong tycoon Liu Luanxiong sells off China Evergrande, with an estimated loss of nearly HK$10.6 billion

On November 23, Chinese Estates Holdings issued an announcement stating that the relevant shareholders have made written approval to grant a sale authorization to the directors to authorize the sale of all or part of the approximately 751 million authorized shares (of China Evergrande) held by the group on September 23, 2021 (before the trading hours). The authorized shares account for approximately 5.67% of the issued share capital of China Evergrande Group as of October 31, 2021.

Previously, from August 30 to September 21, Chinese Estates sold a total of 109 million shares of China Evergrande through the Hong Kong Stock Exchange, with a total price of approximately HK$247 million. Chinese Estates announced that the cost of purchasing 860 million shares of China Evergrande from 2017 to 2018 was approximately HK$13.596 billion, but now it is expected to cash out only HK$2.26 billion after the liquidation, with a loss of more than HK$11 billion.

Chinese Estates Holdings boss Liu Luanxiong is a well-known Hong Kong tycoon and was once an important shareholder of China Evergrande, holding 9% of the shares of China Evergrande. At the peak of China Evergrande's market value, its highest book profit was nearly 10 billion Hong Kong dollars. At the end of 2019, Liu Luanxiong and his wife also received a dividend of 1.7 billion yuan from China Evergrande.

Suning.com owes 36.71 million yuan in goods and is sued by suppliers

Recently, Suning.com was sued by the listed company Chengdu Rainbow Electric Appliance (Group) Co., Ltd. for 36.71 million yuan in arrears of payment to suppliers. On November 22, Rainbow Electric Appliance issued an announcement that it had filed a lawsuit with the Nanjing Intermediate People's Court of Jiangsu Province over a bill dispute with Suning Procurement Center of Suning.com Group Co., Ltd. and Suning.com Group Co., Ltd.

The announcement shows that the four electronic commercial acceptance bills issued by Suning Procurement Center to Rainbow Electric Appliances for a total amount of 36.7102 million yuan have expired, but the former has always refused to pay. Rainbow Electric Appliances requested that the two defendants be ordered to pay the bill amount of 36.71 million yuan and interest to the plaintiff. At present, the Nanjing Intermediate People's Court of Jiangsu Province has accepted the case on November 18, but the trial has not yet begun. Suning.com has not yet responded to this matter. (Source: Jiemian News)

Alibaba Cloud and Baidu Cloud were summoned to take measures to prevent and control telecom fraud

On November 24, the Cyber ​​Security Administration of the Ministry of Industry and Information Technology and the Criminal Investigation Bureau of the Ministry of Public Security recently jointly interviewed the relevant persons in charge of Alibaba Cloud and Baidu Cloud, and reported the problems that the two companies have encountered in recent work to prevent and control telecommunications network fraud, such as the high number of fraud-related websites accessed. The two companies were required to fulfill their main responsibilities for network and information security and rectify the relevant problems within a time limit; those who refuse to rectify or fail to rectify in place will be severely punished in accordance with laws and regulations. (Source: Titanium Media)

BYD responds to basement fire: Cause still under investigation, no casualties

On November 24, a screenshot of a BYD Qin Pro EV exploding and catching fire in a Beijing basement was circulated online. When the accident happened, the vehicle was charging at a Xingxing charging station. According to the owner, he suddenly heard a sound in the car and felt something was wrong. He quickly got his child out of the car and ran away. Fortunately, no one was hurt. After taking the statement and returning to the scene, he was really scared to see the car burnt like this. The pictures from the scene showed that the entire basement garage was filled with smoke when the accident happened, and the originally white car body had been burned black.

In response, BYD's public relations department said that the fire was put out in time, the vehicle did not explode, and no casualties were caused. BYD officials further stated that the vehicle was purchased in early 2019 and the specific cause of the fire needs further investigation. (Source: Zhichepai)

Xiaomi applies for a new graphic trademark for Lei Jun's personal signature

On November 24, the Qichacha APP showed that Xiaomi Technology Co., Ltd. recently applied for a graphic trademark. The application date was November 2021. The international classification involved building materials, and the graphic was Lei Jun's personal signature.

In fact, this is not the first time Xiaomi has applied for a trademark for Lei Jun's signature. In December last year, Xiaomi Technology Co., Ltd. successively submitted hundreds of trademark applications, including not only Lei Jun's handwritten signature graphic trademark, but also Lei Jun's name pinyin "lei jun". Xiaomi has registered Lei Jun's name pinyin trademark and handwritten signature trademark in all 45 categories, with all-round protection. (Source: IT Home)

Beijing Securities Regulatory Bureau: The guidance period for companies listed on the Beijing Stock Exchange shall not be less than three months in principle

On November 24, the Beijing Securities Regulatory Bureau recently issued a notice on the supervision of the guidance of the proposed listed companies of the Beijing Stock Exchange in Beijing. The notice stated that the guidance period of the proposed listed companies of the Beijing Stock Exchange shall not be less than three months in principle. If there are special circumstances that require the guidance period to be shortened, the sponsor institution shall submit a special application to explain the reasons and measures to ensure the quality of guidance, and the Beijing Securities Regulatory Bureau will handle it as appropriate. (Source: Pinwan)

Huawei officially teases: All phones sold in the US will enjoy a 100% discount

On the evening of November 22, Huawei USA "announced" the "Black Friday" special price through its official Twitter account, and joked that "all our phones sold in the US are 100% off." Huawei officials later said that this was just a joke and that they could not sell anything in the US.

In fact, Huawei phones are currently not available for sale in the US market. Richard Yu also said when launching the P50 series of phones in July this year that Huawei's 5G phones were restricted by the four rounds of sanctions imposed by the US, resulting in 5G phones being restricted to using 4G chips. (Source: IT Home)

Apple halts sales in Türkiye as currency depreciates

On the afternoon of November 24, as the Turkish currency depreciated rapidly, Apple temporarily stopped selling its products in Turkey. Currently, although Apple's official online store is still operating in Turkey, it is currently impossible to add any devices to the shopping cart or purchase them due to currency fluctuations.

The Turkish lira, currently worth about $0.078, has lost nearly 40% of its value this year, with a 20% drop in the last week alone. The lira has fallen 45% against the dollar over the past year. There is no word on when Apple will resume sales in Turkey, but with inflation at nearly 20% and Turkish President Recep Tayyip Erdogan refusing to raise interest rates, the slide is likely to continue.

TSMC's first Japanese factory receives $3.5 billion in subsidies from the Japanese government

On the evening of November 23, it was reported that TSMC's first chip factory in Japan will receive nearly $3.5 billion in Japanese government subsidies. The report said that the Japanese government will allocate about $5.2 billion from its supplementary budget for fiscal 2021 to support advanced semiconductor manufacturers. Of this, about $3.5 billion will be used to invest in a new factory built by TSMC in Kumamoto Prefecture in southwestern Japan; and the remaining $1.7 billion will be used to build other new factories, including projects of US memory chip maker Micron Technology and Japan's Kioxia Holdings.

TSMC officially announced earlier this month that it will jointly build its first-ever chip factory in Japan with Sony. The chip factory is scheduled to start mass production at the end of 2024, mainly producing semiconductors for camera image sensors, as well as chips for automobiles and other products. (Source: Sina Technology)

Musk: Starship will be shown next year

CNBC reported that recently, some netizens asked Musk whether SpaceX's Starship would appear, and Musk replied confidently on Twitter, "Yes."

Starship is the next generation of large rockets that SpaceX is developing to launch cargo and people on missions to the Moon and Mars. SpaceX is testing prototypes at a factory in southern Texas and has conducted several short test flights. SpaceX hopes that the Starship will be fully reusable, with both the rocket and booster landing after launch so that they can be recovered and used for future flights.

Earlier, Musk said at a meeting of the Space Research Committee of the National Academy of Sciences, Engineering, and Medicine: "We will conduct a series of tests in December and hope to launch in January." (Source: IT Home)

Einstein's manuscript containing the theory of relativity will be auctioned, with an estimated price of about 14.35 million to 21.5 million

On November 24, according to CCTV Finance, a rare manuscript of theoretical physicist Albert Einstein will be auctioned in Paris, France on November 23 local time, with an estimated auction price of 2 million to 3 million euros (approximately RMB 14.35 million to 21.5 million).

According to the auction house, the manuscript contains the preparatory work for Einstein's key achievement, the theory of relativity. The 54-page document was handwritten by Einstein and his colleague and confidant, Swiss engineer Michel Besso, in Switzerland between 1913 and 1914. The auction house said that thanks to Besso, the manuscript has been preserved for future generations. (Source: Fast Technology)

Samsung's Lee Jae-yong meets with Microsoft and Google CEOs to discuss chip and software cooperation

Samsung Electronics executives said on Tuesday that Vice Chairman Lee Jae-yong has met with CEOs of Google and Microsoft to discuss future cooperation in chips, software and other areas. Lee has been visiting Canada and the United States since last week.

Samsung executives said Lee Jae-yong discussed new opportunities for cooperation in software and next-generation technologies, including virtual reality (VR), augmented reality (AR), autonomous driving and other platform technologies, when he met with Google CEO Pichai. Google is said to have chosen Samsung to supply chips for its new Pixel 6 phone. (Source: Phoenix Technology)

Tile CEO: Apple AirTags constitute unfair competition

Recently, Tile CEO CJ Prober said in an interview that this year is one of the best years for Tile's revenue, but while witnessing the business boom, CJ Probe also believes that Apple's AirTags ecosystem constitutes unfair competition. He previously suggested that the US Congress intervene to allow fairer business. This time, he also said that he has enough confidence in the regulators, believing that the relevant departments will pay close attention to Apple's behavior of restricting competition, and that there is momentum in this regard around the world. (Source: cnBeta)

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