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It was revealed that Dongfang Zhenxuan and Yuhui Xingxing had already broken up, and Dong Yuhui may receive a reward of 140 million yuan; the Security Department of USTC requires a master's degree or above; Shenzhen Mobile's cancellation of suspension and unblocking requires verification of social insurance丨Leifeng Morning News

Latest update time:2024-07-26
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Important news


NEWS REMIND

1. Dong Yuhui resigned, revealing that Dongfang Selection and Yuhui Xingxing had already broken up, and Dong Yuhui may receive a reward of 140 million
2. The Security Department of USTC has recently required a master's degree or above for recruitment: the monthly salary after tax for a master's degree is 5,800 to 7,600 yuan
3. Ma Weidu responded to "layoffs and wage arrears": No wages owed, 38 people have been compensated
4. Xiaomi spent more than 800 million yuan to acquire land in Beijing, near the current Xiaomi car factory. The area is planned to develop new energy smart cars and other industries
5. China Resources Land executives suspected of assaulting female subordinates, company: dismissed
6. Musk once again proposed a one-on-one challenge with Zuckerberg: You decide the time, place, and rules
7. Boeing admitted to fraud in its dealings with the U.S. Department of Justice and accepted a $240 million fine
8. CrowdStrike outage incident attributed to content update vulnerability: internal testing has been strengthened
Today's headlines


HEADLINE NEWS

Dong Yuhui resigned, revealing that Dongfang Selection and Yuhui Xingxing had already broken up, and Dong Yuhui may receive a reward of 140 million

On July 25, Dongfang Zhenxuan announced on the Hong Kong Stock Exchange that Dong Yuhui (buyer), Beijing New Oriental Xuncheng Network Technology Co., Ltd. (seller) and Yuhui Tongxing (Beijing) Technology Co., Ltd. (target company) entered into a sale agreement, pursuant to which the seller agreed to sell and the buyer agreed to acquire 100% of the target company's equity for RMB 76.5855 million. In addition, the announcement stated that Dong Yuhui has decided to no longer serve as an employee of the company and a senior management of a consolidated affiliated entity of the company. The departure was due to Dong Yuhui's career ambitions, his investment in other careers and personal time arrangements, and will take effect on July 25, 2024.

Subsequently, Yu Minhong issued an "Open Letter to Shareholders of Oriental Selection" in response: In order to express my gratitude to Yuhui, in addition to paying all the promised benefits, I have asked the board of directors and the compensation committee and obtained their consent to award all the net profits of Yuhui Xingxing to Yuhui. It is worth mentioning that 76.5855 million yuan is the net asset amount of Yuhui Xingxing as of June 30. From its establishment on December 22, 2023 to June 30, 2024, Yuhui Xingxing's net profit reached 140 million yuan, and the price corresponds to a price-earnings ratio of only 0.5 times, which is an extremely low price.

In addition, Yu Minhong emphasized in the comment area of ​​​​TikTok, "Yuhui holds the equity purchase funds required by Youhui Xingtong, and I have also arranged the payment in accordance with the rules of listed companies and the provisions of the company's articles of association. This sentence means that I have arranged the money for Yuhui to purchase the company, and the company is given to Yuhui." It is reported that Dong Yuhui has repeatedly said in public that he is "under great pressure" and "very reluctant to sell goods." It was learned from an industry insider close to Youhui Xingtong that "because there are different mountains in the company", Dongfang Zhenxuan and Youhui Xingtong had "broken up" a long time ago, and the two teams have always been completely independent.

According to Feigua data, in the Douyin live streaming influencer list in May, Yuhuixingxing ranked second with sales of 533 million yuan, while Dongfangzhenxuan ranked sixth. In the first four months of this year, the sales of Yuhuixingxing live streaming room were 932 million yuan, 411 million yuan, 620 million yuan, and 538 million yuan respectively. In contrast, the sales of Dongfangzhenxuan live streaming room in the same period were 639 million yuan, 269 million yuan, 329 million yuan, and 242 million yuan respectively, and the gap is gradually widening. (Sina Technology, Daily Economic News) (Welcome to add Xiaoleige WeChat leiphonesz to learn more about industry information faster and chat with more friends)

Domestic Information


DOMESTIC NEWS

The Security Department of USTC has recently required a master's degree or above for its recruitment: the monthly salary after tax for a master's degree is 5,800 to 7,600 yuan

Recently, the recruitment notice for labor dispatch positions in the Security and Campus Management Office of the University of Science and Technology of China has attracted public attention. The four management assistants recruited this time all have a master's degree or above. The recruitment notice shows that Anhui Zhongke Human Resources Co., Ltd. signed a labor contract with the labor dispatch personnel and dispatched them to the Security and Campus Management Office of the University of Science and Technology of China. Salaries are determined through negotiation based on personal ability and performance, and social insurance and provident funds are paid.
Public information shows that the recent rounds of recruitment at the Security and Campus Management Office of the University of Science and Technology of China have all required a master's degree or above. Including: In January 2024, the Security and Campus Management Office of the University of Science and Technology of China publicly recruited labor dispatch staff, including 1 management assistant (general category) and 1 management assistant (technical category); in October 2023, the school's Security and Campus Management Office recruited 2 management assistants (general category) and 1 management assistant (technical category).
In September 2022, the Security and Campus Management of the University of Science and Technology of China released a group of recruitments. Among them, the general affairs management position (1 person) requires a master's degree or above, no limit on majors, and a salary of 6,200-7,600 yuan/month after tax; the video surveillance operation and maintenance engineer position (1 person) requires a master's degree or above, no limit on majors, computer and information technology related majors are preferred, and the salary after tax is 5,800-7,400 yuan/month; the fire management position (1 person) requires a master's degree or above, safety-related majors are preferred, and the salary after tax is 6,000-7,500 yuan/month. Campus management and patrol positions (8 people) require a college degree or above from a police officer college or other colleges and universities, no limit on majors, and a salary after tax of 4,500-6,500 yuan/month; public security management positions (4 people) require a college degree or above from a police officer college or other colleges and universities, no limit on majors, and a salary after tax of 4,500-6,500 yuan/month. (The Paper)

Ma Weidu responds to "layoffs and wage arrears": No wage arrears, 38 people have been compensated

On July 25, Ma Weidu released a video on Weibo to respond to the "Guanfu Culture layoffs", saying that the rumors about his bankruptcy, insolvency and the museum's inability to continue operating were all rumors. Ma Weidu said that the company did not actually lay off 80 people as reported online. The three companies under Guanfu Culture have a total of 91 people, 51 of whom are still employed, 38 have received compensation, and the lawsuits of 2 others are still ongoing. The company will respect and implement the legal judgment.
Ma Weidu also said that the company did not owe wages, and that wages were paid in the same month for the past two months, but they were paid later than the payday due to improper fund arrangements. "It is wrong to pay late, and I will take the responsibility to apologize to all employees and ask the finance department to optimize the process, so that wages always come first." He also said that he has multiple companies and social legal persons under his personal name, and the companies themselves are managed by people. He is not directly responsible for the actual operation of the companies, but as a public figure, he should stand up and take responsibility if there is a problem.

Pura 70 series phones suddenly drop in price, Huawei responds to price guarantee policy controversy

Recently, Mr. Xiong, a consumer in Beijing, reported to the quality complaint platform of The Paper that he bought a Pura 70 Pro mobile phone at a Huawei authorized experience store (Xidan Huawei) for 6,999 yuan. The next day, he found that the online price had dropped by 800 yuan. He asked for a refund of the 800 yuan difference but was rejected. On July 23, the staff of the Huawei authorized experience store (Xidan Huawei) replied that offline stores do not have price guarantees. "The price reduction was very sudden and we did not expect it."
It is worth noting that the recent consumer complaints caused by the sudden drop in the price of Huawei Pura 70 Pro mobile phones are not isolated cases. In addition to the fact that offline stores cannot guarantee prices, the price guarantee period is also different on different platforms. For example, Taobao and Huawei Mall have a 7-day price guarantee, while JD.com has a 30-day price guarantee. In this regard, Huawei's consumer service hotline staff said that there is indeed no price guarantee rule for offline channels at present. As for the issue of different price guarantee rules on different online platforms, the staff said that each platform has corresponding rules. (The Paper)

Shenzhen Mobile once again responded to the need for social security to unblock mobile phones: the rules for number suspension and reconnection have been optimized, and social security information will no longer be used as a verification condition

On July 25, Shenzhen Mobile released the "Explanation of Shenzhen Mobile on the Shutdown and Reopening of Numbers", stating that in the case reported by the media recently, two numbers involved were shut down due to various abnormal communications such as high-frequency calls to numbers in other places. One of the numbers was opened on June 30, 2024, and there was an extremely high risk of fraud, so it was strictly controlled and the customer's account was cancelled; the other was opened in September 2015, and there was a medium-to-high risk of fraud. The customer completed the verification as required and the number was restored.
Shenzhen Mobile said that mobile phone numbers in normal use will not be shut down. Among the numbers shut down by the company, there are very few cases where social security information is required to restore the number of calls due to extremely high fraud risks. The announcement concluded that the company has optimized the rules for shutting down and restoring numbers, and social security information will no longer be used as a verification condition in all cases. (Shenzhen Mobile)

China Resources Land executives suspected of assaulting female subordinates, company: dismissed

According to reports, from July 19 to 23, 2024, several local sources from Sichuan revealed that Chen Gang, then general manager of the Central and Western Region of China Resources Land Limited, had recently been investigated by the police for suspected violent assault on female subordinates.

On July 24, in response to media reports that Chen Gang, general manager of China Resources Land, was suspected of beating subordinates, China Resources Land responded, "The company attaches great importance to it and has immediately contacted the police to understand the situation. Chen Gang has been dismissed for suspected beating of subordinates. The company will never tolerate any violation of discipline or law by any employee and will deal with it seriously in accordance with the rules and regulations." (Nandu Wancaishe)

The 2024 Fortune China 500 list was released, with State Grid ranking first and Pinduoduo ranked 119th

On July 25, Fortune Chinese released the 2024 Fortune China 500 list. State Grid Corporation of China topped the list with a revenue of US$545.9 billion, followed by Sinopec and PetroChina, and China Construction Group in fourth place. Industrial and Commercial Bank of China ranked fifth, up one place from last year. Hon Hai Precision, Apple's largest contract manufacturer, ranked seventh, down two places from last year, and is still the highest-ranked Taiwanese company. As Ping An Insurance (Group) Co., Ltd. of China dropped five places to 14th place from last year, there are no mainland private enterprises in the top ten this year. JD.com, ranked 13th, became the highest-ranked mainland private enterprise.
It is worth noting that several representative Internet companies in China have returned to the growth track: JD.com ranked 13th, up 3 places from last year; Tencent ranked 38th, up 7 places from last year; Alibaba's ranking remained unchanged at 21st. Meituan rose 35 places to 99th. Pinduoduo's ranking rose 56 places from last year to 119th, and its profit exceeded US$8.4 billion. (Sohu Finance)

DingTalk Chief Product Officer Qi Junsheng resigns

On July 25, multiple insiders reported that DingTalk's Chief Product Officer Qi Junsheng had recently resigned. According to a person close to Qi Junsheng, Qi Junsheng's resignation was mainly due to personal family reasons. Interface News sought confirmation from DingTalk, but as of press time, the company had not yet responded.
During his tenure at DingTalk, Qi Junsheng was mainly responsible for DingTalk's product strategy and development direction. His product philosophy is that products should insist on creating "deep value", that is, deepening functions in their respective vertical fields to help customers solve problems fundamentally. Qi Junsheng also led the development of DingTalk 7.0 and 7.5 versions. (Jiangmeng News) (For more personnel changes in DingTalk, please add the author's WeChat LCMfancyworld to communicate. )

Xiaomi spent more than 800 million yuan to acquire land in Beijing, near the current Xiaomi car factory. The area is planned to develop new energy smart cars and other industries

On July 25, a piece of industrial land in Yizhuang Development Zone, Beijing was sold. It is located on the east side of Xiaomi Automobile Factory, and the winner is a company under Xiaomi. The listing document shows that the industrial land is planned to be used for the construction of new energy intelligent networked vehicle and parts manufacturing projects, with fixed asset investment of no less than 2.6 billion yuan and annual output value of no less than 16 billion yuan.

The listing transfer announcement shows that the full name of the industrial land sold this time is the Yizhuang New Town YZ00-0606 Block 0106 Block Industrial Project (hereinafter referred to as the Yizhuang New Town Industrial Project), with a land area of ​​531,130 square meters, a building control scale of ≤690,469 square meters, and a total transfer period of 50 years. At the same time, the Yizhuang New Town Industrial Project is located in the manufacturing and production leading area. According to the requirements of regional industrial cultivation, it plans to develop high-end automobiles and new energy intelligent automobile industries, and the planned land use nature is a Class I industrial land (M1).
In addition, the listing starting price of the Yizhuang New Town Industrial Project is about 842 million yuan, the bidding ladder is 7 million yuan, and the bidding deposit is 169 million yuan. The official website of the Beijing Municipal Planning and Natural Resources Commission shows that on July 25, the Yizhuang New Town Industrial Project was finally sold at the starting price of about 842 million yuan, and the winner was Xiaomi Jingxi Technology Co., Ltd. (China Fund News)

Song Ziwei talks about Type-C interface: How did the perception of it being called Huawei port come about?

A few days ago, Song Ziwei, the former product manager of iQOO and current product strategy director of Ideal Auto, posted on Weibo about the Type-C port: "Can you believe it, today when almost all Android phones in the world have Type-C ports, there are still many people who call the Type-C port the Huawei port." Song Ziwei said, especially every time I take a taxi, the driver asks me what cable I want, and in order for him to understand, I can only say Huawei port (after all, Apple now has two ports, Lightning and C, and a few electronic products still use the outdated MicroUSB. It's really troublesome to explain whether it's Apple or Android, which is wrong).
"How did this perception come about, and why has it lasted for so many years? Is Huawei the first manufacturer to use a C-port? Actually, not really. However, the P9 and Mate 9 eight years ago were the sales leaders of the early C-port products. The first C-port phone most users saw was a Huawei phone. As more people talk about it, more people will remember it," said Song Ziwei.

The plaintiff of the "iQiyi screen projection restriction case" "fires again": the second round of the screen projection dispute, four questions for Youku

On July 25, the first trial of the "iQiyi screen casting restriction case" was concluded this month, and the plaintiff was compensated for 41 days of VIP time for gold membership, which triggered heated discussions on the Internet. The plaintiff in the case, lawyer Zhu Yuan, once again posted a post, pointing the finger at another major online video platform - Youku. Lawyer Zhu Yuan said on Weibo: Youku claimed that screen casting is not a VIP member right, but in actual implementation, it selectively opened the screen casting function to some content. Members' screen casting is like "opening a blind box". Is this also a kind of unclear boundary of member rights and interests, and a harm to consumers' right to know?
He also posted four questions to Youku. The questions are: 1. Youku, please tell me, you said that screen projection cannot be used on TV, why some can be projected and some cannot? 2. Youku, please tell me, I want to distinguish which ones can be projected and which ones cannot, why are some marked with "VIP frame sharing", "first broadcast" and "exclusive broadcast" can be projected and some cannot? 3. Youku, please tell me, you said that screen projection cannot be used on TV, and now it can be partially used. Is this "partial use" a member benefit agreed in the membership agreement or, as iQiyi said, a free gift outside the rights agreed in the membership agreement? 4. Youku, please tell me, you said that screen projection cannot be used on TV, why can't it be used on "macbook air" devices?
Swipe up and down to view the long picture

As Xiaomi drifts further away, Ninebot’s market value drops by 70%

In the early days of its listing, benefiting from the performance support brought by the rapid growth of the balance car + scooter business, as well as the blessing of its leading position and market scarcity, Ninebot's stock price reached a peak of 112 yuan per share in early 2021, and its market value was close to 77 billion yuan. Today, the company's stock price hovers around 30 yuan per share, and its market value is around 20 billion yuan, falling back to the initial starting point. However, looking only at the financial report, Ninebot's performance growth is amazing. Eight years ago, its revenue scale exceeded 1 billion yuan, and last year it exceeded 10 billion yuan.
Looking at just a single quarter, Ninebot’s third year of “de-Xiaomi-ization” has achieved good results. The company’s first quarter report for 2024 showed that revenue reached 2.562 billion yuan, a year-on-year increase of 54.18%, and net profit attributable to shareholders was 136 million yuan, a year-on-year increase of 675.34%. Affected by the decline in overseas demand, domestic road rights restrictions, and de-Xiaomi-ization, Ninebot’s revenue and sales of balance bikes and scooters have declined significantly. However, after the balance bike encountered a performance bottleneck, the company continued to make breakthroughs in the electric two-wheeled vehicle business. The business had revenue of 4.323 billion yuan last year, a year-on-year increase of 74.1%, and its revenue share is now equal to that of balance bikes and scooters. (36Kr Hard Krypton)

Meitu expects net profit to increase by no less than 80% year-on-year in the first half of 2024

On July 25, Meitu Inc. released a positive profit forecast announcement. According to non-International Financial Reporting Standards, for the six months ending June 30, 2024, Meitu Inc.'s adjusted net profit attributable to owners is expected to increase by no less than 80% compared with the same period last year.
The announcement shows that the revenue of Meitu's imaging and design product business, which is mainly charged by membership subscription model, continues to grow rapidly, which is the main reason for the profit growth. Meitu said that the growth of this business revenue is mainly due to the generative AI technology to improve product strength and continue to drive user payment. (Sina Technology)

Tencent Music enters the short drama market and launches the short drama APP for all

On July 25, Tencent Music officially entered the short drama business and launched its first independent short drama APP "Quanmin Short Drama". It is reported that this is an APP positioned to provide users with genuine and high-quality short drama content. The developer is Beijing Kuwo Technology Co., Ltd. under Tencent Music. After entering the "Quanmin Short Drama" APP, you will default to the square on the homepage, where you can see various short dramas such as recent hot spots, recent new releases, urban life, magic and fantasy, and counterattack and change your fate. After the user selects the content to watch, he can enter the viewing mode and switch episodes by sliding online.
At present, the short dramas in the APP are all free content, but they adopt an advertising model similar to that of online literature platforms. For example, when users switch to the next episode, they will see interspersed advertisements. In addition, in order to attract new users and retain users, the platform has launched a welfare center, where users can obtain gold coins and exchange them for cash by completing platform tasks. (Tech Planet)

Nongfu Spring bottled water "quietly" increases in price: purchase price increased by 3 yuan per barrel

Recently, we learned from many Nongfu Spring distributors that, in contrast to the "small green bottle price dropping to 1 yuan", the brand's bottled water is currently "quietly" increasing in price. According to relevant sources, the purchase price of Nongfu Spring's large barrels of water has been raised from 15 yuan to 18 yuan. This round of price increases has not yet affected the terminal market, and the current retail price remains the original price.

However, this move has reduced the profits of many "retail" water stations with small orders. In addition, the price of "water delivery" on Nongfu Spring's official distribution platform is often lower than the terminal retail price, which makes many distributors choose to give up selling directly. (Sina Finance)

International News


FOREIGN NEWS

Musk once again proposed to challenge Zuckerberg: time, place, rules are up to you

According to foreign media reports, on Wednesday local time in the United States, Elon Musk once again stated that he insisted on having a showdown with Meta co-founder Mark Zuckerberg, and all the conditions of the showdown - time, place and rules - would be decided by Zuckerberg.
Musk praised Meta's latest artificial intelligence technology, but on his way to Capitol Hill to attend a speech by Israeli Prime Minister Benjamin Netanyahu, he expressed his willingness to fight Zuckerberg: "I am willing to fight Zuckerberg on any occasion, at any time, following any rules." A representative of Meta confirmed that Zuckerberg had responded to Musk's provocation on social media. "Are we really going to do this again? " Zuckerberg asked on ????
The billionaire showdown dates back to June 2023, when Musk first raised the challenge amid market speculation that Meta might launch its first ???? There are also reports that Zuckerberg plans to release his new text social media Threads in July of the same year. Although the two billionaires have had many wars of words over this, the real showdown has not really taken place. (Phoenix Network Technology)

Boeing admits to fraud in U.S. Justice Department deal, accepts $240 million fine

On July 25, a court document showed that the U.S. Department of Justice said it had finalized the details of a $243.6 million plea agreement with Boeing. Boeing and the U.S. Department of Justice reached a plea agreement "in principle" earlier this month on two fatal Boeing 737 MAX crashes in 2018 and 2019. Boeing admitted to "conspiring to defraud the U.S. government" in the process of seeking airworthiness certification for the MAX model, accepted a fine of $243.6 million equal to the 2021 deferred prosecution agreement, and promised to invest at least $455 million in compliance rectification over the next three years. The agreement also requires the appointment of an independent monitor for a three-year term to report to the public annually on Boeing's rectification progress. These three years are a "probation period" for Boeing.
In addition, the U.S. Department of Justice determined in May this year that Boeing had violated the deferred prosecution agreement reached by the two parties in 2021 and valid for three years. One of the reasons was that Boeing had another safety accident in January this year: the door plug of a 737 MAX passenger plane fell off during the flight and had to make an emergency landing. From October 2018 to March 2019, two Boeing 737 MAX 8 passenger planes crashed in Indonesia and Ethiopia, killing a total of 346 people. The investigation found that the cause of the accident was related to the safety design loopholes of the new software system of the model, and Boeing deliberately concealed the risks from the Federal Aviation Administration in order to obtain the aircraft's airworthiness certification, and did not strengthen pilot training on the software system, resulting in the air crash. Boeing's same series of models were grounded until November 2020 when the Federal Aviation Administration lifted the ban. (Cailian News)

Meta may receive its first EU antitrust fine for bundling Facebook and classified advertising services

According to foreign media reports, Meta will be fined its first antitrust fine by the European Union in the coming weeks for bundling its classified advertising service Marketplace with the Facebook social network.

It is reported that the European Commission may make a decision in September or October before Margrethe Vestager, the EU antitrust chief, leaves office in November. The EU competition watchdog also stated that Meta abused its dominant position and unilaterally imposed unfair trading conditions on competing online classified advertising services that posted advertisements on Facebook or Instagram.

This means that Meta may face a fine of up to US$13.4 billion (currently about RMB 97.44 billion), equivalent to 10% of its global revenue in 2023. In response, a Meta spokesperson said that the European Commission's claims were unfounded and would continue to work constructively with regulators to prove that product innovation is beneficial to consumers and competition. (IT Home)

CrowdStrike outage incident attributed to content update vulnerability: internal testing has been strengthened

On July 24, local time, CrowdStrike, an American computer security technology company, released details of its preliminary review of the massive network failure, attributing the network failure to a vulnerability in the content configuration update of its network security platform. The company said that this vulnerability allowed "problematic content data" to be deployed to customer computers, triggering an "unexpected exception" that caused the Windows operating system to crash.
As part of the new preventive measures, Zhongji said it has stepped up internal testing and implemented "new checks" to prevent the deployment of "such problematic content" again. In addition, the company will stagger the rollout of updates and provide more details about its planned updates. Currently, the company is restoring all systems affected by the previous technical failure as quickly as possible, and "quite a few" of the approximately 8.5 million affected devices have resumed normal operation. (Interface News)

Buffett continues to reduce his holdings in Bank of America, cashing out about $800 million this week

Berkshire Hathaway's filing with the U.S. SEC on Wednesday evening showed that the company continued to sell Bank of America shares in recent days, selling nearly 19 million shares at a price of about $800 million. It still holds 980 million shares of Bank of America, equivalent to about 12.6% of the shares, worth about $41 billion.
Berkshire currently holds about 12.6% of Bank of America's shares. Bank of America is still Berkshire's second largest holding, second only to Apple. Last week, Berkshire sold about $1.5 billion worth of Bank of America shares, and has now sold the stock for six consecutive trading days. (Sina Finance)

Ming-Chi Kuo: iPhone 17 may remove the Plus model and replace it with an ultra-thin model

TF International analyst Ming-Chi Kuo said that Apple's iPhone 17 series will remove the iPhone 17 Plus model and add a new ultra-thin model. Kuo said that the Plus model currently only accounts for about 5-10% of the overall shipments of the new iPhone, which means that the other three iPhone models (standard version, Pro and Pro Max) have already covered the product segmentation of high-end mobile phones well, and the Plus has become a dispensable model.
Guo Mingchi also said that the positioning of this new ultra-thin model is not to replace Plus, but Apple is trying to find a new design trend outside the existing iPhone product line. The product positioning of the ultra-thin iPhone 17 is not to compete in hardware specifications (processor, camera, etc.), but to focus on innovative appearance design. (IT Home)

LG Energy Solution suffers first quarterly loss since listing

On July 25, LG Energy Solution released its financial report, saying that it lost about 24 billion won (about 120 million yuan) in the second quarter of this year, which was the first quarterly loss since the company went public in January 2022. In the same period last year, the Korean battery manufacturer's net profit was 465 billion won (about 2.43 billion yuan). In the second quarter of this year, LG Energy Solution's revenue also fell by 30% to 6.16 trillion won (about 33.2 billion yuan).
LG Energy Solution also predicted that the company's revenue this year is expected to drop by more than 20%. It had previously expected that this year's revenue growth would be in the mid-single digits. The slowdown in the electric vehicle market is the primary factor in LG Energy Solution's performance decline. According to the company's latest forecast of the global electric vehicle market, this year's market growth is expected to be slightly higher than 20%, a sharp decline from last year's 36% growth rate. (Jiemian News)

Reddit was reported to have blocked multiple search engines and AI crawlers, and the official said it had nothing to do with the cooperation with Google

On July 25, Google announced a new agreement with Reddit in February this year. Reddit data will be used to train Google's AI model and highlight Reddit results in Google search results. The latest news is that Reddit has banned other search engines from retrieving its website content. Foreign media 404 Media first reported this behavior and pointed out that Reddit has updated its robots.txt file to prevent all robots from crawling any content on the website.
According to the robots.txt file of the Reddit website, the platform said that "Reddit believes in an open Internet, but not in the abuse of public content." Its "Disallow" option is set to "/", which prohibits the retrieval of all files under the root directory of the website. The file was first updated in June this year. Reddit explained that the change was due to "a significant increase in commercial entities crawling Reddit content and the abuse of content." Foreign media 9To5Google said that search engines such as Bing, DuckDuckGo, Mojeek and Qwant were affected. When searching for content using "site:reddit.com", either the latest content or the complete website results are not displayed. (IT Home)

TSMC's German plant to start construction at the end of the year, with mass production in 2027

According to sources from semiconductor equipment manufacturers, TSMC is expected to break ground on a new wafer fab in Germany around the end of 2024 and start mass production at the end of 2027. Sources said that TSMC has been recruiting builders and suppliers for the Dresden wafer fab project for more than a year, and Taiwanese suppliers including Marketech International have traveled to Dresden several times to prepare for the project.
Sources said that according to the current plan, the wafer factory will be put into mass production in the fourth quarter of 2027, and gradually increase production to full capacity of 40,000 wafers per month in 2028. TSMC's German 12-inch wafer factory will focus on 28nm/22nm and 16nm/12nm processes, targeting the automotive and industrial application markets, but its management difficulty will be no less than TSMC's wafer factory in Arizona, the United States, which will use the most advanced process to produce chips. Sources said that TSMC's Dresden wafer factory is expected to have meager profits and high risks. (Aijiwei)
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OpenAI's 7-year security veteran and Chinese executive officially announced his resignation and may return to China; Yan Shuicheng resigned as the president of Kunlun Wanwei Research Institute; ByteDance's self-developed video generation model is open for use丨AI Intelligence Bureau 
Seven Swordsmen 
A 39-year-old man died suddenly while working after working 41 hours of overtime in 8 days. The company involved: It is a labor dispatch company; NetEase Games executives were taken away for investigation due to corruption; ByteDance does not encourage employees to call each other "brother" or "sister" 
The competition pressure on Douyin products is getting bigger and bigger, and the original hot-selling routines are no longer effective; scalpers are frantically making money across borders, and Pop Mart has become the code for wealth; Chinese has become the highest-paid foreign language in Mexico丨Overseas Morning News 
ByteDance has launched internal testing of Doubao, officially entering the field of AI video generation; Trump's return may be beneficial to the development of AI; Taobao upgrades its AI product "Business Manager" to help Double Eleven丨AI Intelligence Bureau 

 
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