1. Ren Zhengfei: The world's trend towards artificial intelligence is unstoppable. We cannot say that Huawei has survived yet. We are still struggling.

2. It was revealed that a star domestic server CPU company had stopped operating, owed wages for half a year, stopped paying employees' social security and provident fund, and 500 employees began to defend their rights

3. It is said that Zhong Shanshan issued a "military order" to the packaged water department: to regain market share, otherwise all employees will be fired. No official response yet

4. Ali Metaverse has a large number of layoffs. After Yun OS, it also gave up Metaverse OS

5. Xiaohongshu gives employees a "mid-year bonus", and employees jokingly say "Now I have to work hard for Xiaohongshu"

6. Binance's Zhao Changpeng talks about life in prison: No physical harm was suffered, most of the inmates are very friendly

On October 31, the minutes of a discussion between Huawei founder and CEO Ren Zhengfei and the chairman, coach and award-winning contestants of ICPC (International Collegiate Programming Contest) were exposed. Ren Zhengfei believes that the trend of the world moving towards artificial intelligence is unstoppable. "This era will definitely reduce the demand for manpower, but the total wealth created will increase, which can support the people who are laid off. The people who are laid off do not work and get less money; those who work get more money. "

Recently, news broke on social media platforms that Hexin Technology, a star domestic server CPU company, has been in arrears with its employees and the company is almost shut down. According to a screenshot of the announcement provided by a Hexin Technology employee in Shanghai, Hexin Technology had issued several announcements in June, announcing that the wages for April and May would be delayed. It was not until late June that he finally received his April salary, and it is still unknown when the remaining salary will be paid.

Wang Yiran, an employee of Hexin Technology in Suzhou and a senior R&D engineer, said: "Since May this year, we have not received any money, and the situation has escalated step by step. We have owed wages, stopped paying employee social security and provident fund, and asked employees to sign a certificate of voluntary waiver of payment, and arranged for employees to stay at home and be unemployed, etc." According to his understanding, the number of employees who have been owed wages has reached more than 500, and many employees have started labor arbitration, "but the company has applied for an extension," and it is completely unknown when there will be a result.

According to public information, Hexin Technology Co., Ltd. was established in 2014 and was originally named Zhongsheng Hongxin. It claims to be "the only company in China that has always insisted on the research and development of high-end server central processors based on the open source RISC instruction set architecture." Its early core employees came from the Institute of Computing Technology of the Chinese Academy of Sciences and IBM. It was once regarded as a seed player in the development of the domestically produced POWER series CPUs.

Hexin Technology is headquartered in Guangzhou, with R&D centers in Suzhou, Beijing, Shanghai, Guangzhou, Shenzhen, and Zhuhai. The company's core management consists of three brothers, Yao Kejian, Yao Kecheng, and Yao Kexian, who serve as chairman, chief operating officer, and vice president, respectively. According to Wang Yiran, the three Yao executives of the company have lost contact and "have not responded" to the employees' demands. As for the company's current financial situation, "the HR manager and the general manager of the company both said they didn't know."

As for the reason why Hexin is in a shutdown dilemma, it is rumored that it is related to its product focus on the PowerPC field, which is no longer the mainstream server CPU product in the market. According to a senior headhunter in the semiconductor industry who recalled to the "Power Plant": "In 2023, Hexin once recruited a lot and offered relatively generous treatment, but the expansion rhythm may not balance the company's strength. " According to public information , as of the end of 2023, the company had 104 employees covered by industrial and commercial insurance. (Power Plant)

According to media reports, in the second quarter, Nongfu Spring founder Zhong Shanshan asked the entire packaged water department to sign a "military order" within the company. The report pointed out that Zhong Shanshan demanded that if the red-bottled natural water and the newly launched green-bottled purified water could not regain market share, the entire packaged water department would be dismissed.

Another person described the background at that time: Affected by the public opinion in the first quarter and the offensive of competitors, the market share of Nongfu Spring's most critical basic business "red bottle natural water" fluctuated in mid-March . Market research data provided by a third-party agency showed that in early January 2024, Nongfu Spring's red bottle natural water accounted for more than 39.7% of the entire bottled water market. At the peak of the first quarter, Nongfu Spring's market share even reached more than 50%, but by mid-March this share (mainly red bottle natural water) once dropped to the range of 25%~27%.

It is reported that in July 2021, the Shenzhen Medical Security Bureau revealed that some AstraZeneca staff were suspected of fraud and insurance fraud based on the clues of the report, which involved the company's star product Tagrisso. According to a Bloomberg report in July 2024, some AstraZeneca employees were detained for data privacy leaks and importing unauthorized drugs. Recently, Yin Min, Chief Commercial Officer of BeiGene Greater China, is also cooperating with the relevant investigation. The reason behind Yin Min's cooperation with the investigation is related to her previous experience at AstraZeneca. (Jiemian News)

On October 31, there was news in the market that: "The salary of all employees of Guixin Technology has been cut in half. There are currently more than 120 people. This may cause large-scale staff loss." A partner of Shanghai Guixin Technology said: "We did not cut the salary of all employees in half. This is false news. First of all, judging from basic knowledge, layoffs and large-scale pay cuts cannot happen at the same time. This statement itself is wrong. Second, our company is operating normally, and there is no large-scale pay cut. A company's competitive adjustment is reasonable. I will ask relevant colleagues to contact you as soon as possible. "Since then, the reporter has not received any further response from the relevant Guixin Technology personnel.

On October 31, Xiaohongshu distributed a "mid-year bonus" to some employees yesterday. An employee of Xiaohongshu revealed: "375, I got this half-year bonus, two months." Many employees were surprised by this, and some even joked: "Now I have to work hard for Xiaohongshu." The bonus distribution standard is related to employee performance, and the performance score is divided into 3.5-, 3.5, 3.5+ and 3.75 and above. Some employees who get 3.5+ and 3.75 performance will enjoy salary increases or bonuses.

On October 30, a netizen named "Uchiha Obito" posted on Baidu Tieba that an account with the ID "Pu Yu" won numerous prizes in the lottery on the Bilibili platform, including 9999 New Year gold bars, Black Myth Wukong standard edition, Honor tablet, NetEase Dictionary pen and other prizes. Based on the IP address, it was speculated that an internal employee of Bilibili manipulated the lottery probability in the live broadcast room, which caused controversy.

On the morning of the 31st, the official account of "Bilibili Live" released a statement about "suspected employees manipulating the lottery probability in the live broadcast room": Regarding the recent incident of "Bilibili account @Pu Yu (UID: 4265321) claiming to be an internal employee and suspected of manipulating the lottery probability in the live broadcast room", it has been verified that the real-name registration information of this account and all its associated accounts is not that of a current or former employee of Bilibili. Due to suspected posting of identity impersonation information, the account has been banned. For abnormal winning situations, we have set up a special team to conduct verification and deal with them seriously in accordance with the law. Users are welcome to provide relevant clues through the online customer service on the site to jointly maintain the fairness and justice of the community.

On October 30, the Xihu District Branch of the Hangzhou Public Security Bureau issued a police report: On October 18, 2024, the public security organ received a report from a company in the jurisdiction and investigated the case. It was found that the suspect Cai (male, 46 years old) obtained traffic for his personal self-media account, fabricated false information related to "a company applying for cancellation of surveying and mapping qualifications" and "a company illegally surveying and mapping in China", wrote scripts and produced short videos, and spread them to multiple Internet platforms, maliciously disrupting social public order. At present, the public security organs have taken criminal compulsory measures against Cai in accordance with the law.

On October 31, according to media reports, 3PEAK, a domestic analog IC listed company, recently disbanded its MCU team. It is understood that the 3PEAK MCU team is about dozens of people, some of whom were employees of the China MCU R&D team laid off by Texas Instruments (TI) in 2022. The department's employees were suddenly informed of the news after going to work on Monday. The layoffs will be carried out in batches, and the first batch of employees who receive compensation will leave at the end of the month.

It is understood that Luo Yonghao recently rarely admitted the "failure" of Smartisan Technology on Weibo. He bluntly said, "Smartisan Technology lost and lost." It is reported that a netizen @罗永浩 said on Weibo: Brother Long, without you, all the content of the mobile phone press conferences is very dull. When will you come back to hold a press conference? Luo Yonghao forwarded the reply: Don't make a fuss. In recent years, it is not only the mobile phone press conferences that are dull, but the mobile phones themselves are dull. He said that Smartisan Technology lost and lost, let's see the next generation of war. It is not difficult to see that Luo Yonghao is not satisfied with the current status of the mobile phone industry and has lost his enthusiasm. He is unlikely to enter this field again in the future.

On October 31, according to media reports, Yin Qi, co-founder and CEO of artificial intelligence company Megvii Technology, recently officially entered the smart driving track to explore the combination of artificial intelligence and the automotive industry.

On October 31, it was reported that recently many consumers reported that they ordered air tickets on third-party platforms, but the price after the ticket was issued was inconsistent with the actual amount paid, with the price difference being as high as several hundred yuan. Other consumers said that after their tickets were issued, they were privately refunded without their knowledge, and replaced with a new low-priced ticket, but the third-party platform did not refund the price difference for the ticket price they had already paid.

Luckin Coffee released its third quarter 2024 business announcement on the evening of October 30. In a subsequent conference call, Luckin Coffee Chairman and CEO Guo Jinyi responded to the recent news that "Luckin Coffee plans to enter the US market."

On October 31, Honor's share reform introduced a new round of investors, including China Telecom, CICC Capital's funds, Cornerstone's funds, SDIC Fund, and a new round of agent investment platforms (Jinshi Xingyao). Regarding this round of financing, Honor said that it adheres to the principle of open and transparent development and continues to promote the diversification of equity structure. (Science and Technology Innovation Board Daily)

According to public information on October 31, Qi'anxin Wangshen Information Technology (Nanjing) Co., Ltd. was established recently. The legal representative is Wu Yunkun, with a registered capital of 200 million yuan. Its business scope includes information security equipment sales, computer software and hardware and auxiliary equipment wholesale, computer software and hardware and auxiliary equipment retail, etc. Shareholder information shows that the company is wholly owned by Qi'anxin's subsidiary Qi'anxin Wangshen Information Technology (Beijing) Co., Ltd. (Sanyan Technology)

On October 31, in response to the issue of non-local phone owners paying an extra 200 yuan installation fee for broadband in Beijing, China Unicom customer service responded to reporters that Unicom is following up on the Beijing broadband issue. As of press time, Beijing Unicom has not yet officially responded. Earlier, reporters found that when a user used a Sichuan Unicom number to apply for non-local broadband in Beijing, the installation and relocation fee was 300 yuan, but he had previously learned from the business hall that Beijing users only need to pay 100 yuan. (Shell Finance)

On October 31, according to news, Binance founder Zhao Changpeng attended an event in Dubai on October 31, where he talked about his life in prison for four months. Zhao Changpeng said that he did not suffer any physical harm and most of his cellmates were very friendly.

He also said that the experience in prison was not good, but it gave him a lot of time to reflect and learned a lot of very important experiences. Zhao Changpeng gave an example that when everything left him, what he missed most was interpersonal relationships. He missed his children, family, friends, colleagues and community.

It is understood that Zhao Changpeng was sentenced to four months in prison by the U.S. Federal Court in Seattle for violating anti-money laundering laws. In June this year, he reported to a low-security prison to serve a four-month sentence. On September 27, Zhao Changpeng was released from a correctional facility in California. (Sanyan Technology)

On the evening of October 30, Super Micro Computer released a document to the U.S. Securities and Exchange Commission (SEC). Ernst & Young (EY) announced on the 24th that it would resign from Super Micro Computer's audit work, citing concerns about the company's governance and transparency. "The reason for our resignation is that we have recently noticed some information that has caused us to no longer be able to rely on the statements of management and the audit committee, and we are unwilling to have any association with the financial statements prepared by management, and we have concluded that we will no longer be able to provide audit services in accordance with applicable laws or professional obligations. " EY said in the document. Super Micro added in the statement that the company has begun looking for a new accounting firm.

According to media reports, a South Korean diplomatic source revealed on October 28 that a South Korean expatriate in China, A, was arrested for suspected violation of the "Counter-Espionage Law of the People's Republic of China". This is the first time a South Korean has been arrested in the ten years since the "Counter-Espionage Law" was promulgated. On October 29, the Ministry of Foreign Affairs of China confirmed that a South Korean citizen suspected of engaging in espionage activities was arrested in accordance with the law, and stated that it had notified the South Korean Embassy in China, but did not disclose the specific information of the person involved.

More than 100 scientists have urged the federal government to impose a moratorium on the launch of new broadband satellites until a comprehensive review is conducted to determine the potential environmental damage they could cause, noting that the number of low-orbit satellites has increased 12-fold in five years under Elon Musk's SpaceX.

In a letter to Julie Kearney, the space chief at the Federal Communications Commission (FCC), more than 100 researchers expressed concern about the rapid growth of low-orbit satellites and urged international collaboration to determine the best path forward. "The environmental harms of launching so many satellites are unclear. That's because the federal government doesn't conduct environmental reviews to understand the impacts. But what we do know is that more satellites and more launches lead to more harmful gases and metals in the atmosphere, " the researchers wrote in the letter.

They continued: "Rather than rushing to launch satellites at this scale, we should ensure that the benefits of these new giant satellite launches offset their potential consequences before they reenter the atmosphere or create debris. This is a new frontier, and we should make sure that the way we move forward does not cause major problems for our future, thus saving ourselves a lot of trouble." The researchers pointed out that in just over five years, Musk's satellite internet service StarLink has launched more than 6,000 satellites, accounting for 60% of all satellites. (Sina Technology)

On November 1, Beijing time, Apple released its fourth quarter and full-year financial report for fiscal year 2024 ending September 28. The financial report shows that Apple's total net sales in the fourth quarter were US$94.93 billion, a 6% increase from US$89.498 billion in the same period last year; net profit was US$14.736 billion, a 36% decrease from US$22.956 billion in the same period last year.

Apple's net profit fell this quarter because of a one-time income tax expense of $10.2 billion, which was related to Apple's request by the European Union to pay 13 billion euros in back taxes to Ireland. On September 10 this year, the European Court of Justice upheld the European Commission's ruling in 2016, requiring Apple to pay back taxes.

Apple's revenue in Greater China in the fourth quarter was $15 billion, a slight decline, lower than the $15.8 billion expected by analysts. However, iPhone revenue increased by 6% year-on-year. Apple's fourth-quarter revenue and adjusted earnings per share exceeded analysts' consensus expectations, but the revenue growth outlook for the first quarter of fiscal 2025 was lower than expected, and the stock price fell by more than 1% in after-hours trading. (Phoenix Network Technology)

On October 31, OFILM released its third quarter financial report for 2024. In the first three quarters, it achieved revenue of 14.472 billion yuan, a year-on-year increase of 33.76%; net profit attributable to the parent company was 47.1192 million yuan, a year-on-year increase of 115.74%; non-net profit was 26.736 million yuan, a year-on-year increase of 104.70%. In the third quarter, it achieved revenue of 4.935 billion yuan, a year-on-year increase of 9.56%; non-net profit was 41.1024 million yuan, a year-on-year increase of 801.95%.

On October 31, according to foreign media reports, the Russian government's fine on Google has reached about 200000000000000000000000000000000000000 (35-digit) US dollars, which is far more than the total global GDP (about 110 trillion US dollars in 2023, a 15-digit number). According to reports, Google lost the lawsuit in 2020 because its video platform YouTube blocked multiple Russian media accounts. Since then, Google has been fined 100,000 rubles a day. Legal sources revealed that if the fine is not paid within 9 months, the amount of the fine will double every day with no upper limit. Only by complying with the court's decision can Google return to the Russian market. This figure far exceeds Google's own market value. The judges described the lawsuit as "a case with many, many zeros."

South Korea's Samsung Electronics hinted on Oct. 31 that it may soon supply advanced high-bandwidth memory (HBM) to U.S. artificial intelligence giant Nvidia. The South Korean tech giant has been struggling to get its HBM3E chips through Nvidia's quality tests, while local rival SK Hynix has recently begun mass-producing industry-leading 12-layer HBM3E chips.

SIE recently announced that it will close Firewalk Studios and Neon Koi, a decision that may result in the unemployment of more than 200 employees from the two development teams.

According to Reuters, SoftBank Group CEO Masayoshi Son reiterated on October 29 that he firmly believes that artificial super intelligence (ASI) is coming and believes that realizing this vision will require an investment of hundreds of billions of dollars.

On October 30th local time, MicroStrategy, the largest corporate holder of Bitcoin, announced a strategic goal to raise $42 billion in funds over the next three years, including $21 billion in equity and $21 billion in fixed income securities, which the company calls the "21/21 Plan."

On October 30, local time, Drew Houston, CEO of the US online storage service provider Dropbox, announced that after careful consideration, he decided to lay off about 20% of its global employees, or 528 employees. In a letter to employees, Houston said the goal was to lay off employees in areas where the company was "overinvested" while designing a "flatter and more efficient" team structure.

Affected employees will receive severance pay, equity and transition pay, as well as partial medical benefits and job placement services. In addition, affected employees will be eligible to retain company equipment (phones, tablets, laptops and peripherals) for personal use. (Interface News)

On October 31, South Korea's semiconductor production fell year-on-year for the first time in more than a year, another sign that the boom cycle driven by the development of artificial intelligence around the world may be starting to cool. According to data released by the government statistics department on Thursday, national semiconductor production fell 3% in September after an 11% increase in the previous month. The growth rate of shipments also fell to 0.7% from 17% in August. However, inventory levels show that inventory is still being consumed rapidly, down 41.5% year-on-year in September. These figures show that the industry may be gradually cooling down as demand for memory chips peaks. (Bloomberg)

On October 31, it was reported that Michael Scheuer, a fired employee, had hacked into the system of a Walt Disney World Resort restaurant several times and changed the menu information after being fired. He changed the menu text to the Wingdings font and incorrectly labeled the safety of peanut-containing foods, posing a life threat to people with allergies.