Bank of China responds to the huge loss of crude oil treasure; Wang Sicong responds to 666 yuan for one hour of sparring; Apple email vulnerability exposed | Lei Feng Morning News
Apple security vulnerability exposed: 500 million iPhones may be vulnerable to attack
Apple is planning to fix a vulnerability that a security firm said could have left more than 500 million iPhones vulnerable to hacker attacks, and the vulnerability also exists on iPads.
Zuk Avraham, CEO of San Francisco mobile security forensics firm ZecOps, discovered the vulnerability while investigating a sophisticated cyber attack on a client in late 2019. He said he found evidence that the vulnerability was exploited in at least six cybersecurity intrusions.
An Apple spokesperson acknowledged that there is a vulnerability in the email software (i.e., Mail app) on iPhones and iPads, and said the company has developed a fix that will be rolled out in an upcoming software update. But the company declined to comment on the research published by Avraham on Wednesday, which showed that the vulnerability could be triggered remotely and had been used by hackers to attack some well-known users. Avraham said he found evidence that a malicious program had exploited this iOS mobile operating system vulnerability as early as January 2018, but the specific identity of the hacker could not be determined. (Source: Sina Technology)
Domestic News
Foreign media revealed new progress of Megvii IPO: Hong Kong stocks are progressing normally, and the "A+H" model may be adopted
Recently, foreign media reported that Megvii Technology may be preparing for a listing on the Science and Technology Innovation Board. Megvii officials declined to comment on this.
Investors owe banks 200% of principal, BOC crude oil treasure may have major flaws
Oil prices fell into negative territory, and investors in Bank of China's crude oil treasure product suffered huge losses. On the evening of April 22, Bank of China issued a business statement, saying that it would still settle at -37.63 US dollars. Bank of China said that the futures exchange calculated the settlement price of the day based on the average price from 2:28 to 2:30 am Beijing time.
The Bank of China said that on the day when the oil price plummeted, in order to rule out the possibility that the settlement price was negative on that day due to abnormal reasons such as exchange system failure, the Bank of China actively contacted the Chicago Mercantile Exchange and market participants for verification, and therefore suspended the trading of the crude oil treasure product linked to the US oil contract for one day, which did not affect the rights and interests of customers. Regarding forced liquidation, the Bank of China stated that for the crude oil treasure product, when the market price is not negative, the long position will not trigger forced liquidation.
On the morning of April 22, investors received a notice from the Bank of China that the official settlement price of the May WTI crude oil futures contract on the 20th, CME, was -37.63 US dollars per barrel as the effective price. This confirmed settlement price means that many investors who bought at the bottom have suffered a huge loss. According to many netizens, customers of Crude Oil Treasure have also received a notice to compensate the bank for three times the margin. In other words, many people not only lost all their principal, but also owed money to the bank. According to a settlement statement circulated on the Internet, the investor's opening principal was 1.9423 million yuan and the principal was 3.8846 million yuan, but now the overall loss is 9.207 million yuan, and the bank is owed 5.3224 million yuan. Investors also received a notice from the Bank of China to make up for this part of the loss.
Currently, the Bank of China has suspended new openings of crude oil treasures (including US oil and British oil) for its customers. Angry investors questioned that the product had huge design flaws but ordinary investors had to pay for its mistakes, saying that a class action lawsuit might be initiated. (Daily Economic News)
Due to the crude oil treasure backorder incident, the leader of a branch of Bank of China in a certain city has been interviewed by the regulator
On April 22, the Bank of China crude oil treasure incident caused an uproar due to the liquidation of positions. It is understood that this morning, local customers of a branch of the Bank of China in a city in the Yangtze River Delta region saw media reports and contacted the branch for consultation, but did not receive a clear response.
Liu Qiangdong announced the donation of 800,000 masks and other medical supplies to Chile
On April 22, JD.com Chairman and CEO Liu Qiangdong and JD.com completed the handover of anti-epidemic materials donated to Chile. According to official introduction, the anti-epidemic materials include 1,402 boxes of anti-epidemic medical supplies, 800,000 disposable medical masks, 200,000 disposable gloves, 20,000 forehead thermometers, 15,000 medical protective suits and 50 ventilators.
The central government decided to carry out large-scale nucleic acid and antibody testing
On April 22, the Central Leading Group for Response to the Novel Coronavirus Pneumonia Epidemic held a meeting and pointed out that in response to the recurrence of clustered epidemics in some places in China, regular prevention and control should accelerate the improvement of testing capabilities and carry out large-scale nucleic acid and antibody testing. Recently, many places have expressed their intention to expand the scope of nucleic acid testing. (CCTV)
Baidu is rumored to acquire Chushou Live, responds: We are indeed looking at related projects and companies
On the evening of April 22, Baidu may acquire Chushou Live. In this regard, Baidu insiders told AI Finance that they are indeed looking at related projects and companies. Previously, Baidu and Chushou Live have started relevant cooperation in the game live broadcast business. The two parties announced an exclusive cooperation at the end of March this year. Chushou Live will be responsible for operating all game live broadcast businesses under Baidu.
Baidu's re-emphasis on live streaming this year is seen as the beginning of Baidu's business focus shift. Previously, Baidu has successively issued recruitment notices for knowledge and e-commerce anchors. On the other hand, Chushou Live's market share has always been among the top five game live streaming applications, and it has received financing from iQiyi, a subsidiary of Baidu, in 2018. (Source: AI Finance)
JD.com Mini Program is officially released: It can also be used on WeChat
On April 22, JD Mini Program Open Platform was officially released, connecting multiple APP platforms such as JD APP, JD Finance APP, and Jingmai APP, covering many scenarios such as home appliances, digital, maternal and child, automobiles, sports, education, smart home, hotels, etc., and is becoming a "treasure box" serving JD's hundreds of millions of users.
JD Mini Program was launched in 2019, with JD Appliances, JD Home Delivery, JD Xiaobai Credit, JD PLUS Member Life Privileges and other mini programs launched first. Well-known brands such as China Telecom and Burger King use the JD Mini Program platform to provide personalized services to users. JD Mini Program has strong modularity and openness, which makes it very easy to develop, transplant and maintain.
Due to the seamless connection between JD.com and WeChat platforms, JD.com Mini Program can also be easily connected with WeChat Mini Program, thus enjoying the users of both JD.com and WeChat ecosystems. WeChat Mini Program platform, which focuses on social networking, leisure and entertainment, is highly complementary to JD.com Mini Program platform, which focuses on shopping and consumption. (Source: Fast Technology)
Byton Auto China employees temporarily suspend partial salary payments, core management team cuts salary by 80%
Some Byton employees have not received their March wages yet. The company had previously promised to pay half of the March wages first, but has not yet done so. In response, Byton said that with the continued impact of the coronavirus pandemic on the economy and industry, Byton's development cannot remain unaffected, and its business operations are facing huge challenges. Byton has taken a number of phased measures to reduce short-term fixed costs and ease financial pressure.
This includes the deferral of some salaries for employees in China based on their job levels; some employees in the US office will be on unpaid leave, and some employees in the German office will have their working hours reduced. At the same time, Byton's core management will collectively cut their salaries by 80% and invest in Byton's Series C financing.
Byton said it will focus its existing resources on core businesses directly related to mass production to ensure that mass production preparations are carried out in an orderly manner. (Source: Future Auto Daily)
New energy vehicles exempt from vehicle purchase tax policy extended for two years
On April 22, the Ministry of Finance, the State Administration of Taxation, and the Ministry of Industry and Information Technology jointly issued an announcement to clarify that from January 1, 2021 to December 31, 2022, the purchase of new energy vehicles will be exempted from vehicle purchase tax. This move is a specific implementation of the measures to promote automobile consumption deployed at the State Council Executive Meeting on March 31.
Starting from the date of publication of the Catalog, the purchase of new energy vehicles listed in the Catalog is exempt from vehicle purchase tax; the purchase date is the date indicated on the motor vehicle sales unified invoice (or valid voucher). The policy of exempting new energy vehicles from vehicle purchase tax that have been included in the Catalog before December 31 this year will continue to be effective. (Source: Economic Daily)
China Unicom announces first quarter results: profit less than one-seventh of China Mobile's
On April 22, China Unicom released its first quarter financial report for 2020. Data showed that China Unicom's revenue in the first quarter of 2020 totaled 73.82 billion yuan, the market expected 71.8 billion yuan, and the same period last year was 73.147 billion yuan. The net profit in the first quarter of 2020 was 3.17 billion yuan, the market expected 2.4 billion yuan, and the same period last year was 3.675 billion yuan.
Overall service revenue was RMB 68.307 billion, up 2.3% year-on-year. Industrial Internet business revenue was RMB 11.448 billion, up 32.2% year-on-year.
As of March 31, 2020, the number of China Unicom's mobile account users reached 311 million, of which 4G users totaled 255 million, a net decrease of 756,000 from December 31, 2019. The number of 5G users has not yet been disclosed separately.
Recently, China Mobile also released its first quarter financial report for 2020. The financial report shows that China Mobile's revenue in the first quarter was 181.3 billion yuan, a year-on-year decrease of 2.0%; net profit was 23.5 billion yuan, a year-on-year decrease of 0.8%. (Source: Fast Technology)
Pinduoduo's stock price closed up 2.38% on Wednesday, and its market value exceeded the $60 billion mark
In the early morning of April 23rd, Beijing time, Pinduoduo's stock price rose 2.38% to US$52.15 at the close of Wednesday, and its market value exceeded the US$60 billion mark, reaching US$60.683 billion.
On April 19, Gome Retail released an announcement stating that Pinduoduo made a strategic investment in Gome in the form of convertible bonds totaling US$200 million, and the two parties reached an in-depth strategic cooperation. (Source: Sina US Stocks)
US private equity giant Warburg Pincus completes takeover of CAR Inc.
On April 22, the latest data from the Hong Kong Stock Exchange showed that the US private equity giant Warburg Pincus has completed the acquisition of CAR Inc. (00699.HK) held by UCAR for approximately HK$1.125 billion. The transaction totaled approximately 363 million shares, with an average price of HK$3.1009 per share. After the transaction, Warburg Pincus's shareholding in CAR Inc. increased from 10.11% to 27.22%, making it the largest shareholder. UCAR, controlled by Lu Zhengyao's family, fell to second place. (Source: Sina Hong Kong Stocks)
international News
Survey shows that 11% of CEOs worldwide are worried that their businesses cannot withstand the impact of the epidemic
More than half of CEOs around the world believe that the new coronavirus is a major threat to their business, but even worse, 11% of CEOs are worried that their business will not be able to withstand the resulting economic recession.
YPO (Young Presidents' Organization), a global CEO leadership community, conducted a global survey of more than 3,500 corporate CEOs from April 15 to 19. The organization consists of more than 29,000 CEOs in 130 countries.
84% of CEOs surveyed in the survey said their companies’ business outlook is more severe than it was in early March.
The restaurant industry appears to be the most vulnerable, with 41% of CEOs saying their business may not survive the crisis. 30% of aerospace CEOs, 19% of wholesale and retail CEOs and 19% of education CEOs said their business is at risk of failure.
According to the survey, 64% of executives expect the decline in corporate revenue to continue for at least one year, and 16% believe that revenue will actually be higher. 43% of CEOs expect revenue to fall by more than 20% within a year, with CEOs in the Middle East, North Africa and South Asia predicting a greater decline in revenue. (Source: Financial Times)
FF Partner Team: We implore creditors to vote in favor of Jia Yueting's bankruptcy reorganization
News on the afternoon of April 22, during the critical period of voting on the personal bankruptcy reorganization plan of Jia Yueting, the founder of Faraday Future (hereinafter referred to as FF), 26 global partners of FF jointly wrote a letter to Jia Yueting's creditors today, urging them to vote in favor of the plan.
The partners wrote in the letter: "Only when FF achieves great success can YT (Jia Yueting) realize his wish to pay off debts in full or even in excess and fulfill his responsibilities to creditors, and FF's dream of creating a shared smart travel ecosystem and transforming the automotive industry can be realized. In this sense, we are a family, we are a community of interests, and we sincerely welcome you to join 'us' as a future shareholder of FF." (Source: Sina Technology)
Netflix announces first quarter financial report, new users exceed expectations
On April 21, local time, Netflix, an American online video supplier and producer, released its first quarter financial report for fiscal year 2020. The financial report showed that Netflix's global paid subscribers increased by 15.8 million in the first quarter, far exceeding the company's previous expectation of 7 million and analysts' expectations of 8.47 million. As of now, Netflix's total number of global users has reached nearly 183 million.
The company's revenue in the first quarter was $5.77 billion, up 27.6% year-on-year, and the market expected $5.762 billion; the net profit in the first quarter was $709 million, up 106.1% year-on-year, and the market expected $742 million; the earnings per share in the first quarter was $1.57, lower than the market's general expectation of $1.65. (Source: Economic Information Daily)
Amazon AWS opens first cloud data center in South Africa
According to foreign media reports, Amazon AWS's first cloud data center in South Africa has been put into use.
Amazon South Africa Cloud Data Center is located in Cape Town, South Africa, providing faster and newer cloud computing services to millions of customers (including individual users, enterprises and public sector organizations). According to reports, this data center is located in Cape Town and has three independent availability zones, which means that the data center has sufficient capacity to handle a single risk event and ensure the normal operation of the overall system.
It is reported that Amazon AWS opened a development center in Cape Town in 2004, set up an AWS office in Johannesburg in 2015, and expanded its global network to Africa through AWS Direct Connect in 2017. In 2018, Amazon started building its cloud infrastructure in Africa for the first time and opened Amazon CloudFront sites in Johannesburg and Cape Town. (Source: NetEase Technology)
Iran claims it has successfully launched a military satellite
Iran's Islamic Revolutionary Guard Corps announced on the 22nd that it had successfully launched Iran's first military satellite that day, "marking new progress in Iran's space development."
The Islamic Revolutionary Guard Corps issued a statement on its official website, the "Military News Website", saying that the "Messenger" second-stage carrier rocket was successfully launched at the Central Desert Launch Base in central Iran that day, sending a military satellite into orbit.
The statement said that the satellite, named "Noor" (Persian for "light"), was orbiting at an altitude of 425 kilometers from the Earth's surface. This news surprised Western media because Iran's space industry has encountered a series of setbacks since last year.
Iran launched a non-military communications satellite, Zafar (meaning "Victory") 1, on February 19 this year, but it failed to enter orbit. A few days later is the 41st anniversary of the founding of the Islamic Revolutionary Guard Corps. (Source: Beijing News)
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