Huawei's revenue in the first half of the year was 454 billion yuan; Tesla's stock price soared, and its market value exceeded 300 billion US dollars; Luckin Coffee appointed a new chairman｜Lei Feng Morning News

Tesla's intraday shock closed down 3%, rising more than 16% during the day, and its market value once exceeded Procter & Gamble

On July 13, Tesla (TSLA.O) once rose by more than 16% during the trading session, with a market value of over $320 billion. The stock price has risen by more than 300% so far this year, and its market value has soared by more than $100 billion in less than half a month. However, by the close of trading, Tesla hit a record high and then staged a high dive, and finally closed down 3%.

According to data from financial information provider FactSet, after the opening of trading on Monday, Tesla's market value increased to $321 billion, making it surpass Procter & Gamble (NYSE: PG) to become the tenth largest company in the U.S. However, by the close of trading, Tesla's market value had slipped to $277.668 billion, and its market value was once again surpassed by Procter & Gamble.

As Tesla's stock price soared again in early trading, Musk surpassed Berkshire Hathaway (NYSE: BRK.A, NYES: BRK.B) Chairman and CEO, "Stock God" Warren Buffett, to become the world's seventh richest person.

But according to real-time data from Forbes, by the end of the trading day, Musk's net worth had dropped to $57.9 billion, surpassed not only by Buffett, but also by India's richest man Mukesh Ambani, Google founders Larry Page and Sergey Brin, the Meunier family, granddaughters of the founder of L'Oreal, Ortega, founder of Zara's parent company Inditex, MacKenzie Bezos, the ex-wife of Amazon founder Bezos, and Michael Bloomberg, founder and CEO of Bloomberg. He is currently ranked 16th on the Forbes Rich List. (Tencent Securities)

Huawei releases operating results for the first half of 2020: revenue of 454 billion, a year-on-year increase of 13.1%

On July 13, Huawei released its operating results for the first half of 2020. In the first half of 2020, the company achieved sales revenue of RMB 454 billion, a year-on-year increase of 13.1%, and a net profit margin of 9.2%. Among them, the operator business revenue was RMB 159.6 billion, the enterprise business revenue was RMB 36.3 billion, and the consumer business revenue was RMB 255.8 billion.

Huawei said that countries are currently working hard to cope with the challenges of the epidemic. ICT technology not only plays an important role in fighting the epidemic, but is also an engine for economic recovery. Huawei is willing to work with operators and partners from all walks of life to ensure stable network operation, accelerate digital transformation, and help countries fight the epidemic and restore the economy.

Faced with a complex external environment, open cooperation and mutual trust in the global industrial chain are becoming increasingly important. No matter what difficulties we encounter, Huawei will be committed to fulfilling its obligations to customers and suppliers, continue to strive to survive and move forward, and contribute to the development of the global digital economy and technology.

Tencent increases its stake in NIO to 16.3%

July 13 news: According to the SEC documents, Tencent Holdings increased its stake in NIO Class A common stock from 15.1% to 16.3% between June 10 and July 8. Influenced by this news, NIO's pre-market share price rose by more than 3%.

According to the 20-F document submitted by NIO to the SEC in May this year, the largest shareholder of NIO is its founder Li Bin, who holds 13.8% of the company's shares, while Tencent and Baillie Gifford & Co hold 12.6% and 9.1% of the shares respectively, ranking second and third.

Ant Financial's shareholding revealed: Jack Ma holds about 8.8% of the shares and has 50% of the voting rights

According to Alibaba's annual report, Alibaba holds 33% of Ant Financial's shares, Junhan and Junao hold 50% of Ant Financial's shares, and Junhan belongs to Jack Ma and Alibaba and Ant employees, while Junao belongs to some members of Alibaba's partnership. Therefore, Alibaba and Alibaba members hold about 83% of Ant Financial's shares.

Currently, Jack Ma holds 8.8% of Ant Financial. Based on the valuation of $155.6 billion in the last round of financing, the market value of Ant Financial held by Jack Ma is $13.7 billion. In addition, Jack Ma still has more than 50% of the voting rights in Ant Financial. (Titanium Media)

Luckin Coffee appoints Guo Jinyi as new CEO and chairman

On July 14, Luckin Coffee announced the latest changes to its board of directors and the appointment of a new chairman. Luckin Coffee appointed Guo Jinyi as the new CEO and chairman, and also appointed Ying Zeng and Jie Yang as independent directors. Lu Zhengyao, Liu Erhai, Li Hui, and Shao Shaofeng will no longer serve as board members.

Luckin Coffee said it held an extraordinary general meeting of shareholders on July 5 and a board of directors meeting on July 12.

Guo Jinyi is the co-founder of Luckin Coffee and has a close relationship with the "Shenzhou Group". Public information shows that Guo Jinyi is a doctoral student in transportation planning and management at Beijing Jiaotong University and has worked in the Transportation Services Department of the Ministry of Transport. From 2016 to 2017, Guo Jinyi served as the assistant to the chairman of Shenzhou Car Rental, when the chairman of Shenzhou Car Rental was Lu Zhengyao. (Sina Technology)

NIO's stock price surged nearly 10% to a new high, and has risen more than 300% so far this year

On July 13, NIO's stock price surged nearly 10%, breaking through $16 to a new high. It has risen by more than 300% so far this year, with a market value of nearly $20 billion.

The China Automotive Technology and Research Center today announced the domestic auto insurance data for June 2020. According to the data, the number of NIO brand insurance registrations in June totaled 3,720 units, a month-on-month increase of 10%; the cumulative number of insurance registrations in the second quarter exceeded 10,000 units, reaching 10,229 units, a month-on-month increase of 168%.

The new NIO ES8 had 1,256 insured units in June, up 73% from the previous month, returning to the top ten of medium and large SUVs priced above RMB 400,000. The NIO ES6 had 2,464 insured units in June, firmly ranking seventh in the top ten luxury medium SUVs.

At the same time, NIO ES6 is still the best-selling electric SUV in China, and has been the top seller of luxury electric SUVs in China for ten consecutive months. (Tencent Securities)

Suning.com: Net loss expected to be 140 million to 240 million yuan in the first half of this year

On July 13, Suning.com released its 2020 first half performance forecast. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be about -650 million yuan to -750 million yuan in the first half of 2020, which is a significant improvement from the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of -3.19 billion yuan in the same period, and is expected to increase by 76.49%-79.62% year-on-year. It shows that the net profit after deducting non-recurring gains and losses has improved significantly year-on-year, and is expected to increase by 76.49%-79.62% year-on-year.

It is reported that in the first half of 2020, Suning.com's online business developed rapidly, and the scale of online commodity transactions from January to June is expected to increase by 20.19% year-on-year. In the second quarter, driven by promotions such as May Day and 618, Suning.com's online commodity transaction scale is expected to increase by 27.11%. Overall, Suning.com's commodity sales in the first half of the year are expected to increase by 5.35% year-on-year, and the scale of commodity transactions on the online platform is expected to increase by 20.19% year-on-year. (Pinwan)

Xunlei official version returns to App Store

On July 13, Xunlei App announced that it has returned to the App Store. For a long time before that, Xunlei had been in the form of an enterprise signature version.

The new version of Xunlei for iOS has two main functions: download and cloud disk storage/playback. The cloud disk has 3TB to 6TB of space, and can play at double speed and high-speed cloud broadcast. Xunlei APP currently only provides download types starting with http/https/ftp, and does not support magnet links and BT downloads. (Pinwan)

Legend Holdings' affiliated companies withdraw from P2P enterprise shareholders

Tianyancha data shows that recently, Anhui Weiyuan Financial Information Service Co., Ltd. has undergone a number of industrial and commercial changes. Beijing Huaxia United Automotive Network Technology Co., Ltd., Wang Guinian, and Hefei Weiming Enterprise Management Partnership (Limited Partnership) have withdrawn from the ranks of investors. The company is currently wholly owned by Anhui Rongzhong Commercial Management Co., Ltd.

It is worth noting that Beijing Huaxia United Automotive Network Technology Co., Ltd. is a wholly-owned subsidiary of Lenovo Holdings Co., Ltd. (36Kr)

National Telecommunications Office: Launching a special campaign to improve the Internet environment for minors during the summer vacation

On July 13, the Cyberspace Administration of China decided to launch a two-month special campaign to rectify the summer Internet environment for minors called “Clear and Bright”.

This special project will focus on rectifying the ecological problems of online learning sections on learning and education websites and other websites, thoroughly clean up bad animation and animation products on children's, animation, and comics channels on websites and platforms, severely crack down on harmful information involving minors in live broadcasts, short videos, instant messaging tools, and forum communities, strictly rectify malicious pop-up windows in browsers, input methods, and other tool applications commonly used by teenagers, strictly control bad information and behaviors that induce minors to chase stars without bottom lines, worship money and show off wealth, and other value-oriented problems, and focus on rectifying the problems of inadequate implementation of real-name registration and anti-addiction measures on online game platforms, and inducing minors to recharge and consume, and continue to vigorously purify the network environment. (36Kr)

Xueersi Online School responded to being summoned for a vulgar video: The user uploaded it himself and the rectification has been completed

Recently, based on reports from netizens, the Cyberspace Administration of China summoned the person in charge of the "Xueersi Online School" APP for a talk in accordance with the law, regarding prominent issues such as vulgar videos and content that instigates premature love.

On July 13, Xueersi Online School responded that the content issue mentioned by the Cyberspace Administration of China happened in May. At that time, the content was uploaded by users themselves, and Xueersi Online School deleted it as soon as it received feedback from parents.

Xueersi Online School said that it has cooperated with the competent authorities to conduct strict self-inspections and strengthened the review mechanism. The relevant handling measures have also been submitted to the competent authorities. After the self-inspection, there is no bad content. Currently, the content uploaded by users must be reviewed by machines and manually, and can only be seen by themselves, to prevent similar incidents from happening. (The Paper)

Baidu AI accelerates implementation, reaches over 10 billion yuan cooperation with China National Building Materials Group

Baidu and China National Building Materials Group signed a strategic cooperation agreement and will carry out in-depth cooperation in many fields including smart logistics, digital mines, smart factories, industrial unmanned driving, new infrastructure of data centers, and enterprise AI brain.

It is reported that the two parties have signed a contract worth 27 million yuan for the first phase of cooperation. The value of the entire strategic cooperation will exceed 10 billion yuan. (TechWeb)

SoftBank explores several options for ARM, including partial or full sale and public listing

On July 14, the Wall Street Journal reported on Monday that SoftBank Group is exploring options including the full or partial sale or public listing of British chip design company Arm Holdings. People familiar with the matter said that Goldman Sachs Group provided consulting advice on this assessment, which is still in the early stages. SoftBank has not yet commented on this news.

SoftBank bought Arm in 2016 for $32 billion, its largest acquisition ever, in part to expand into the Internet of Things. Last month, SoftBank announced a sale of more than $21 billion worth of U.S. wireless carrier T-Mobile US Inc shares to fund a $41 billion stock buyback and debt reduction plan.

SoftBank founder Masayoshi Son once expressed his hope to get ARM back on the market within five years. (Pinwan)

HP to acquire WAN equipment maker Silver Peak for $925 million

HP announced plans to acquire Silver Peak, a company that makes SD-WAN tools for securely connecting edge networks to any cloud, for $925 million, according to ZDNet. HP said Silver Peak will be merged with its Aruba business unit to consolidate its position in the software-defined wide area network (SD-WAN) market.

HP believes that combining Silver Peak with Aruba's edge service platform will help the company enhance its edge-to-cloud strategy and focus on a distributed cloud model. Silver Peak's SD-WAN product is designed to help enterprises and service providers migrate to SD-WAN connections, improve application performance and reduce costs. (Pinwan)

Amazon satellite internet receives FCC support, and the “space race” expands further!

According to foreign media reports, Amazon's space Internet project "Project Kuiper", which plans to have 3,236 satellites for itself, has received support from the chairman of the U.S. Federal Communications Commission (FCC).

On July 11, FCC Chairman Ajit Pai tweeted that he had recommended to other commissioners that they conditionally approve Amazon's satellite internet project.

The FCC can coordinate the use of orbitals and radio frequencies, and according to Bloomberg, Ajit Pai's request is likely to pass in a closed-door vote at the FCC.

Like Musk, Amazon founder Jeff Bezos also hopes to provide global network coverage through low-orbit small satellites. Amazon said last year that Kuiper is "a long-term project" aimed at providing services to tens of millions of people who lack broadband Internet access. (NetEase Technology)

Apple admits Apple Music causes iPhone battery drain, promises $25 compensation

According to MacRumors, some users have reported that Apple Music causes serious battery consumption on the iPhone. It is reported that the problem involves multiple models including the iPhone 11, and more than 2,000 users have reported the problem.

Apple has recently confirmed the existence of this problem and promised to provide approximately $25 in cash compensation to eligible users who submit a claim.

The total compensation amount is reported to be between $310 million and $500 million. The group receiving compensation includes any US resident who owns or previously owned an iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus and/or iPhone SE running iOS 10.2.1 or later, and/or an iPhone 7 or iPhone 7 Plus running iOS 11.2 or later. Class members must have experienced "slow performance" on their devices before December 21, 2017.

Microsoft and Samsung reach real estate and smart property management partnership

According to foreign media reports, Samsung Electronics and Microsoft Corporation today reached a global cooperation agreement focusing on the digital transformation of the real estate development and property management industries.

The partnership will integrate smart home appliances and digital cloud technologies to help improve building operations and maintenance, while creating a better experience for service technicians and residents. Currently, the two parties are conducting pilot services.

Specifically, it will combine Microsoft’s Azure IoT platform and productivity cloud services with Samsung’s smart devices and SmartThings platform to help optimize building operations, equipment maintenance, energy management, asset performance, and new tenant experiences in commercial, hospitality and residential buildings, as well as mixed-use developments.

The National University of Singapore (NUS) will serve as a pilot for the collaboration between Samsung and Microsoft, as part of NUS's ongoing efforts to create a smart, safe and sustainable campus for students and staff, the two companies said.

Microsoft and Google team up to develop more Web apps for Android devices

According to foreign media reports, Microsoft is working with Google to provide more and better web applications for Android devices through the Google Play Store. Applications built by developers using Microsoft's PWABuilder tool will be able to take advantage of new features of Google's Bubblewrap utility and library, including new web shortcut standards, "deeper" push notifications, and visual interface customization. (NetEase Technology)

Apple fulfills $2.5 billion pledge, allocates more than $400 million to housing fund

Apple announced today that it has allocated more than $400 million so far as part of the $2.5 billion housing fund it pledged last year,media reported.

Last November, Apple announced that it would invest $2.5 billion to alleviate the housing crisis caused by rising housing prices in California, most of which will be used in special funds managed by the state government, including a $1 billion housing investment fund, a $1 billion first-time homebuyer loan assistance fund, and $300 million worth of land and a $150 million Bay Area housing fund.

The majority of the $400 million in grants are for two programs Apple is working on with the California Housing Finance Agency. Under the first program, Apple has provided funding to help state officials strengthen their ability to finance affordable housing projects through tax-exempt bonds.

In the second program, Apple has helped provide mortgage and down payment assistance to hundreds of first-time homebuyers through the agency. The mortgage assistance program targets first-time homebuyers with low and middle incomes. (Sina Technology)

WeWork executive chairman: The company is expected to achieve net cash inflow in 2021

According to the Financial Times, Marcelo Claure, executive chairman of WeWork, a US shared office company that is currently in financial difficulties, said that the company is expected to achieve net cash inflow in 2021, which will be achieved one year ahead of the target set in February.

Cero Claure said, "Once everyone thought it was an impossible task for WeWork to achieve positive cash flow, and that our chances were zero. But now, everyone will see in a year that WeWork will basically be a profitable company with incredible asset diversity." Cero Claure also emphasized that he believes WeWork will become a company with diversified assets and profitability.

India plans regulator to curb data dominance of giants like Google, Facebook

According to foreign media reports, an expert committee appointed by the Indian government recommended that India needs to set up a new data regulatory agency to oversee issues such as the sharing, monetization and privacy of information collected online in order to limit the online data dominance of American technology giants such as Google, Facebook, Amazon and Uber.

The committee's report stated that American technology giants such as Facebook, Amazon, Uber and Google have first-mover advantages and are beneficiaries of network effects, which has squeezed many new entrants and start-ups and faced huge barriers to entry. The role envisioned by regulators in promoting data sharing will be to mitigate these effects and stimulate innovation, economic growth and social welfare. (NetEase Technology)