Yu Chengdong: Huawei has higher costs than Apple but is cheaper; Bill Gates responded to conspiracy theories: It's quite ironic; Bilibili received $400 million investment from Sony | Lei Feng Morning News
Bill Gates created the pneumonia epidemic to complete the "human purge plan"? My response: It's quite ironic
Was the epidemic itself created by the Bill Gates Foundation? In the evening of April 9th, on CCTV's "News 1+1" program, Bill Gates, co-chairman of the US Gates Foundation, responded to this conspiracy theory.
"I find this quite ironic, especially for those who are doing their best to help the world prepare for the epidemic," Gates said. "I have donated billions of dollars to fund the development of tools to deal with infectious diseases and try my best to solve infectious problems around the world, including infectious diseases that may cause pandemics. But the current situation is a bit crazy, and it is inevitable that there will be a lot of incredible rumors."
He continued, "This epidemic shows that both individuals and countries are interdependent. In order to curb the spread of the global epidemic, we need to find the most capable personnel, the most effective vaccines, and the most effective drugs. We cannot just serve a certain country, but we must consider the whole world, including those countries that lack vaccine research and development and production resources. In our actual work, we should focus on helping these countries. Although there are many voices attacking each other, overall, people's attitude is still very positive." (Global Times)
Domestic News
11 audio and video platforms including iQiyi, Tencent Video, and Youku were summoned for talks
On April 8, the Zhejiang Provincial Consumer Rights Protection Committee interviewed the above-mentioned video and audio websites and proposed rectification suggestions based on the previous member consumption experience results of nine video platforms including iQiyi, Tencent Video, Youku, Mango TV, Sohu Video, Tencent Sports, PP Video, LeTV Video and Bilibili, as well as two audio platforms including Himalaya and Qingting FM. Nine major problems were exposed, including adding charging items; charging different prices for the same film for Android and iOS consumers, suspected of price discrimination; unclear description of advertising privileges, suspected of false propaganda; no reminder for automatic renewal deduction; automatic renewal was checked by default, which was easy to activate but difficult to cancel; and the paid programs purchased could not be watched in full screen.
Yu Chengdong said Huawei can do without American components, and currently uses a small amount to take care of their business
On April 9, Huawei's consumer business CEO Yu Chengdong was interviewed by reporters. He said, "We did not say that all domestic products will be used. Of course, there are more domestic products, and the number of American products has been greatly reduced. In principle, we can completely replace American components, but we take care of their business. Chinese companies are becoming more and more capable, and we give domestic companies more opportunities." Yu Chengdong said that China and the United States are interdependent, and if there is retaliation, it will cause great harm to both sides.
Yu Chengdong also revealed in an interview that Huawei's foldable screen mobile phone is loss-making, and has lost 60-70 million US dollars so far. At the same time, Yu Chengdong said that the camera part of Huawei P40 Pro alone costs more than 100 US dollars, far exceeding the industry cost, so the profit is relatively low. Speaking of competitor Apple, Yu Chengdong said, "Apple's low-cost products are sold at a high price, while Huawei's very high-cost products are sold at a very low price."
Talking about the newly released Huawei P40 , he said that this phone has no Google stuff at all, "the P40 Lite with HMS launched overseas before also sold very well." Yu Chengdong said that he believes the second half of the year will also be good, and he is confident that growth will be maintained throughout the year. However, Yu Chengdong also said that the United States is further sanctioning wafer factories, and if the market does not deteriorate further, the consumer business will continue to grow well. (Sina Technology)
BGI: Net profit in the first quarter is expected to be 133 million to 142 million yuan, a year-on-year increase of 35% to 45%.
In its first quarter 2020 performance forecast, BGI stated that due to the impact of the novel coronavirus pneumonia epidemic, the market demand for novel coronavirus testing kits has increased significantly.
Therefore, the infection prevention and control business and the precision medicine testing comprehensive solution business achieved rapid growth during the reporting period, and the company's overall operating income is expected to increase by about 30%-40% compared with the same period last year. The profit for the quarter is expected to be RMB 132.5631 million to RMB 142.3826 million, compared with RMB 98.1949 million in the same period last year. (36Kr)
Station B received a strategic investment of US$400 million from Sony, and the two parties will cooperate in multiple fields
On April 10, Bilibili announced that it had received a strategic investment of US$400 million from Sony. At the same time, the two parties will also cooperate in multiple fields, especially animation and mobile games.
Bilibili surged as much as 10% in early trading, reaching a high of $29.74, a record high, but the gains then narrowed significantly, closing up 2.4% at $26.83.
According to the agreement, Sony will subscribe for 17,310,696 newly issued Class Z common shares of Bilibili through a wholly-owned subsidiary for a total consideration of approximately US$400 million. The purchase price is US$23.1071 per Class Z common share, equivalent to US$23.1071 per Bilibili American Depositary Share (ADS). The transaction is expected to be completed soon, at which time Sony will hold approximately 4.98% of the total issued shares of Bilibili through its subsidiaries. (Tencent Securities)
Alibaba Pictures issues profit warning: expected net loss of 1.1-1.2 billion yuan in fiscal 2020
On the evening of April 9, Alibaba Pictures issued a profit warning, predicting that the net loss attributable to the company's owners will be between 1.1 billion and 1.2 billion yuan in the fiscal year ending March 31, 2020.
Regarding the above profit warning, Alibaba Pictures explained that in addition to the impact of the epidemic, it also made substantial impairment provisions for some accounts receivable and investment projects, about 800 million yuan. At the same time, Alibaba Pictures currently has "sufficient film and TV series reserve lists and sufficient cash reserves, and its operations are not affected." (Silicon Valley Analysis Lion)
Luo Yonghao: I am 48 years old and can still withstand countless failures
Luo Yonghao said, "I haven't been too concerned about this (possible failure). I'm 48 years old this year. In terms of time and career feasibility, I should be able to withstand five or six failures. Psychologically, I can withstand countless failures." Talking about the mobile phone industry, Luo Yonghao said, "After we were forced to sell the mobile phone business, when I was doing other things to make money and prepare to return to the smart device field, I focused on the next generation of mobile phone computing platforms, not mobile phones." (Interface)
Meituan already supports delivery of some cosmetics, mobile phones, books and other products
Meituan's official account said that Meituan now supports delivery orders for some categories of cosmetics, mobile phones, books, etc. Currently, users can buy "Sephora" cosmetics on Meituan Takeaway, temporarily supporting 16 cities including Beijing and Shanghai. The mobile phone brand is Huawei, and Huawei's new flagship P40 series supports 1-hour delivery, covering 3 cities including Beijing, Shanghai and Wuxi. (36Kr)
Jack Ma and others plan to sell off their shares in Alibaba Ventures to help optimize Alibaba's equity structure
On the evening of April 9, Enlight Media and YTO Express successively issued announcements stating that Jack Ma and Xie Shihuang intend to transfer their respective shares in Alibaba Ventures to Hangzhou Zhenxi. After the transaction is completed, Hangzhou Zhenxi will hold 100% of the shares of Alibaba Ventures. The actual control relationship of Alibaba Ventures has not changed and it is still an enterprise within the Alibaba Group.
The company said that this move was to cooperate with the internal structure optimization and adjustment of Alibaba Group, enhance the equity stability and governance appropriateness of Ali Ventures, and promote the institutionalization of the governance structure. (Securities Times·e Company)
ZTE responds to news related to Bao Yuming
Regarding the case of "senior executives sexually assaulting adopted daughter", ZTE said that it attaches great importance to relevant media reports and the company's board of directors has received Bao Yuming's application to resign as an independent non-executive director. (Phoenix Technology)
Ctrip is reportedly interested in acquiring China Auto Rental to supplement its car rental business
On April 9, media reported that Ctrip was negotiating to acquire CAR Inc. and integrate eHi's car rental business to expand Ctrip's car rental platform. However, the two parties have not yet reached an agreement on the willingness to cooperate and the transaction amount. Ctrip and CAR Inc. officials have not yet confirmed the news. (Sina Technology)
Faraday Future is "saving the country in a roundabout way" by focusing on B-side business
On April 9, FF announced its new company positioning - a global shared smart travel ecosystem company. Previously, its market positioning was "electric vehicle startup". This means that FF, which is oriented to the to C market, will begin to focus on the to B business. In the view of industry experts, Jia Yueting's bankruptcy reorganization plan was not passed, and FF could not get financing. Even if the to B business provides certain financial support, the high-end electric vehicle market is almost monopolized by Tesla, and it is unlikely that FF can make a breakthrough. (Industry and Economy)
LeTV: Jia Yueting is being asked to take responsibility for the debt
LeTV said in its first quarter earnings forecast that it is currently actively asking Jia Yueting to be responsible for the debt problems of the listed company caused by him, and has ordered Jia Yueting and his affiliates to use cash or their equity and assets to effectively resolve the actual debts they have incurred to the listed company, to protect the interests of the shareholders of the listed company to the greatest extent possible, and to ease the company's financial pressure. The company will take all means, including legal means, to safeguard the interests of shareholders and maintain the company's ability to continue operating. (36Kr)
BOSS Direct Hiring: Recruitment demand for fresh graduates dropped by 22%, while 5G, AI and other positions increased
On the evening of April 9, BOSS Zhipin released the "2020 Spring Recruitment Trend Report for Fresh Graduates". The report shows that as of March 31, 2020, the number of fresh graduates actively seeking jobs in the spring recruitment season (since February 3) in 2020 increased by 56% compared with 2019, but the scale of corporate recruitment demand for fresh graduates decreased by 22% year-on-year. Demand in many industries has shrunk, the machinery manufacturing industry has grown against the trend, and the number of fresh graduate positions in strategic emerging industries such as artificial intelligence and 5G has increased year-on-year. (Sina Technology)
New Oriental OK Smart Education launches its first 5G education product
OK Smart Education Online, a subsidiary of New Oriental, has released the first 5G education product in the education industry - OK 5G Cloud Box. According to the official introduction, the cloud box integrates the server, wireless AP, and wired network, and has both cache function and guaranteed data transmission rate. The on-site download rate of the 5G cloud box is close to 350Mbps, which is more than 10 times that of the 4G network. (36Kr)
international News
Nasdaq says it will not close the stock market, but whether IPOs can pick up still depends on the development of the epidemic
Nasdaq CEO Adena Friedman said on Wednesday that IPOs are expected to pick up again in the second half of this year, but warned that it still depends on how companies and investors recover from the epidemic. She also emphasized that the U.S. stock market will not be closed. Friedman said, "Many companies are either waiting for a better time, waiting for investors to be more willing to take risks, or their business models have been disrupted, and companies are seeking ways to save themselves to cope with the losses caused by the epidemic." Nasdaq has 30 IPOs so far this year, but only two companies have IPOs in the past few weeks. (Yicai)
Apple helps Stanford Medicine develop new app to help frontline workers detect viruses
On the evening of April 9, according to foreign media reports, Stanford Medicine, with the help of Apple, has developed a new application that can connect front-line rescue personnel such as firefighters, police and paramedics in California to test whether they have symptoms of the new coronavirus.
Here’s how the app works: Users first take a survey that asks them about their symptoms, and if they show symptoms of COVID-19, the app recommends they get tested.
Next, first responders can take the results to their workplace health contact, referred to in the app as a “department infection control officer,” who can then be connected to priority testing at a Stanford Health Care site.
The app, called "The First Responder COVID-19 Guide," is designed to connect people at high risk of COVID-19 infection with testing. (Sina Technology)
Foreign media: Samsung is working with Google to develop custom Exynos chipsets
According to foreign media reports, Samsung is working with Google to develop a customized Exynos chipset, which may be launched by Google as early as this year. The chipset will be manufactured using Samsung's 5nm LPE process and may use ARM's unannounced Mali MP20 GPU. Google is likely to use this upcoming chipset in its future Pixel smartphones, Chrome OS devices, and even data center servers. (TechWeb)
Scientists capture details of a black hole "sneezing" 5 billion light years away
Last April, the Event Horizon Telescope (EHT) released the world's first "black hole photo".
According to foreign media reports, EHT has made new achievements, revealing new details of the supermassive black hole jets at the center of distant quasars with higher resolution.
5 billion light years from Earth, in the Virgo constellation, there is a quasar called 3C 279, the supermassive black hole inside it is about 1 billion times the mass of the sun. The jet of this black hole is close to the speed of light. (Tencent Space)
Russian spacecraft carrying three astronauts successfully launched
On April 9, Russia's Soyuz MS-16 spacecraft successfully launched into orbit from the Baikonur Cosmodrome in Kazakhstan. It will send two Russian astronauts and one American astronaut to the International Space Station to perform station missions.
The spacecraft was launched from the Baikonur launch site by a Soyuz-2.1a rocket at 11:05 Moscow time on the 9th (16:05 Beijing time on the 9th). After flying for about 9 minutes, the spacecraft separated and entered the predetermined orbit. The spacecraft will be in a fast flight docking mode and is expected to dock with the Discovery laboratory module of the International Space Station 6 hours after launch.
The spacecraft carries Russian astronauts Anatoly Ivanishin and Ivan Vagner and American astronaut Christopher Cassidy. According to the plan, the three will stay at the International Space Station for 196 days. (Xinhua News Agency)
U.S. law firm launches securities claims investigation into Luckin Coffee and iQiyi
On the evening of April 9, according to foreign media reports, Labaton Sucharow LLP, a US law firm focusing on investor rights, announced today that it has launched a securities claims investigation on behalf of Luckin Coffee (Nasdaq: LK) shareholders because Luckin Coffee was accused of possibly releasing materially misleading business information to investors. (Sina Technology)
French antitrust regulator: Google must pay publishers to index news
On the evening of April 9, according to foreign media reports, the French antitrust regulator, the Autorite de la Concurrence, issued a ruling today that Google must pay corresponding fees to use news content from French publishing companies and news agencies.
Before the French Competition Authority made this ruling, several unions representing French news publishers had complained to the regulator, expressing dissatisfaction with Google's arbitrary free use of their news content. (Sina Technology)
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