large company
New Oriental’s IPO offering price not to exceed HK$1,399 per share
New Oriental announced the launch of a global offering, the offering will be 850,000 new ordinary shares issued, the company’s ordinary shares will be listed on the Main Board of The Stock Exchange of Hong Kong Limited, the stock code 9901. the Hong Kong public offering of shares offer price will not be higher than HKD 1,399.00 per share.
Tencent’s share price surpasses the HK$600 mark for the first time
On October 28, Hong Kong technology stocks rallied in the market, Alibaba, BYD, Tencent Holdings shares together to set a new record high, of which Tencent broke the HK$600 mark for the first time, as of the close of trading, Tencent Holdings closed up HK$601, market capitalization reached HK$5.76 trillion.
The three major U.S. stock indexes fell more than 3%, Google, Facebook fell more than 5%
European and U.S. stock markets fell sharply again, the three major U.S. stock indexes were down more than 3%. The Dow fell 3.43%, the S&P 500 index fell 3.53%, the largest one-day drop since June 11, the Nasdaq fell 3.73%. Large U.S. tech stocks were lower across the board, with Apple down 4.63%, Amazon down 3.76%, Nefly down 0.55%, Google down 5.46%, Facebook down 5.51%, Microsoft down 4.96%, and Tesla down 4.39%.
SpaceX announces Starlink satellite internet tariffs: $99 per month
Tesla CEO Elon Musk’s space exploration technology company SpaceX reportedly revealed in an email today that its “Starlink” (Starlink) satellite Internet project charges $99 per month. Reportedly, SpaceX is expanding the “Starlink” satellite Internet test work, some of the project has expressed interest in the user has received an official e-mail, inviting him to join “better than nothing” (Better). Than Nothing ) Beta Test. (Sina Technology)
Tesla: Model Y and Semi deliveries planned to start everywhere in 2021
According to the official Tesla Weibo announcement, Tesla is currently building Model Y production capacity at its superfactories in Shanghai, Berlin and Texas, and is on schedule to begin local deliveries in 2021; Tesla Semi semi-trucks will also be delivered starting in 2021.
‘Naoki Hanzawa’ set for October 29th, picking up ‘Wind Dogs’ B-site exclusive
The entire series of “Naoki Hanazawa,” a high-scoring drama that has created a Japanese ratings miracle, will soon air exclusively on B Station. The first is “Naoki Hanazawa”, which is scheduled for October 29, and “Naoki Hanazawa 2” is scheduled for November 5, succeeding the hit drama “Wind Dog Youth Sky”.
Rhino Wisdom’s second industrial park in Suzhou, Anhui Province, officially opened
October 28, rhino intelligent manufacturing second industrial park in Suizhou, Anhui Province, officially put into operation, the factory total planning 300,000 square meters. In September this year, three years of confidential Ali’s new manufacturing “1 project” Rhino Wisdom made its debut, the Internet consumption and manufacturing industry integration, “customized clothing batch production”.
Apple secretly stepped up the development of its own search tools, has made significant progress
Apple is reportedly ramping up its efforts to develop its own search technology. In a change to the latest version of the iPhone’s operating system, iOS 14, Apple has begun displaying its own search results and linking users directly to websites when they type in a query from its home screen. Such Web search capabilities mark an important advance in Apple’s internal development and could form the basis for a more comprehensive attack on Google, industry insiders say. The Silicon Valley company is keeping its internal projects under wraps, but the move adds to evidence that the company is working to build a rivalry with Google’s search engine. (Sina Tech)
Bear Electric: Third quarter net profit of 67.75 million yuan, up 69.99% year-on-year
Bear Electric announced that it achieved a net profit of 67.75 million yuan in the third quarter, up 69.99% year-on-year, and a net profit of 320 million yuan in the first three quarters, up 92.04% year-on-year.
Weimar responded to the electric car explosion: full cooperation with the accident investigation, the results will be the first to be announced
On the evening of October 27, netizens posted a blog post about a fire and explosion of a Weimar electric car in the Mechanics Institute of the North Fourth Ring in Beijing’s Haidian District. Weimar quickly posted a blog response: after the incident, Weimar reported to the competent departments at the first time, and sent professionals to the scene to help deal with it. At present, we are fully cooperating with the public security, fire-fighting and related regulatory departments to carry out the investigation of the accident, and the follow-up results will be announced in the first time. At the same time, we will actively communicate with the owner and the unit concerned, do our best to follow up the matter, to protect the rights and interests of users. (Sina)
LVMH to buy Tiffany for $130 to $133 a share, at a reduced price
French luxury goods giant LVMH and U.S. jewelry brand Tiffany & Co. are discussing new terms regarding a takeover that could help resolve an ongoing dispute between the two companies, CNBC said, citing sources with knowledge of the matter. Under the revised terms, LVMH would acquire Tiffany for between $130 and $133 per share, compared to the original price of $135 per share, according to a report by journalist Ferber, noting that negotiations are still ongoing.
ZTE to purchase 18.8219% equity interest in ZTE Microelectronics, a subsidiary of the Company held by Hengjianxinxin.
ZTE announced that it intends to issue shares to purchase 18.8219% equity interest in ZTE Microelectronics, a holding subsidiary of the company, held by Hengjianxinxin and Huitong Rongxin, at an estimated transaction price of 2.541 billion yuan to 2.635 billion yuan.
New Products
Lenovo unveils its first self-developed industrial robot
At the 2020 Lenovo Innovation Technology Conference, Lenovo released its first self-developed industrial robot: the Morningsun Industrial Robot. MStar robots work for domestic big aircraft manufacturing, with autonomous mode and human-machine collaboration mode, autonomous mode robots can act intelligently, intelligent map building, without the need for human control and movement. 3D object recognition is used to guide the robotic arm on the robot to perform the task, while the path planning is also autonomous and capable of obstacle avoidance.
Huawei Mate 40 domestic launch will be held on October 30
The Huawei Mate40 domestic launch event will be held on October 30 at 14:30 in Shanghai, and will reveal the domestic price of the Huawei Mate40 series, as well as the debut of Huawei’s smart selection of car smart screen and other terminal products, and Huawei’s smart car solutions.
Zoom pushes new feature, streams YouTube live while meeting
According to 9To5Google, Zoom has recently launched Android 5.4.0.434 and added a new live streaming feature.Android users can see a Live Stream to YouTube option in the conference’s menu after updating the program, which allows them to connect to YouTube and broadcast live. At the same time, Zoom has also recently launched a new end-to-end encryption feature to address security issues. The feature is currently in the early technical preview stage and will be available to both paid and free users.
New Huasan Announces New Smart Computing Strategy and New Generation of UniServer G5 Server
On Oct. 28, Xinhua Sanso Group, a subsidiary of Unisplendour, held the “Intelligent Computing Strategy and New Product Launch” in Beijing, announcing the upgrade of server technology strategy and the launch of the new generation of H3C UniServer G5 series server products, which adopt the second generation AMD EPYC processors, heterogeneous acceleration and new I/O technology.
Investment and financing
Zhenkunxing Industrial Supermarket, a Unicorn of Industrial Electricity Business, Receives $315 Million Series E Financing
On October 28, Chenkun Hong Industrial Supermarket (Shanghai) Co., Ltd. announced that it had secured US$315 million in Series E equity financing, the largest single round of financing in China’s industrial supplies sector to date. This round of financing was led by Yunfeng Fund, co-led by China State-owned Enterprise Restructuring Fund (hereinafter referred to as State Transfer Fund) and CIC Overseas, with GLP C&D Fund and C&D Emerging Investment as followers, and Zhong Ding Capital, Yuan Sheng Capital, Tencent, Tiger Fund, Matrix Partners China, Junlian Capital and Tongchuang Weiye as followers, while China Renaissance Capital acted as the exclusive financial advisor of this round of financing.
Self Hi-pot Brand Announces Completion of Over $50 Million Series C Financing Round
In October 2020, the self-heating pot brand, which creates the standard of one-person food and beverage, announced that it had completed over $50 million in Series C financing, valued at $500 million. This round of financing is led by the fund of CICC Capital, and the old shareholder Matrix Partners China continues to increase. From the side of the hi-pot, said that this round of financing funds will be used to plow the product power, focusing on product development and innovation.
Airbnb chooses Nasdaq IPO, raises $3 billion or more
The Hong Kong Economic Times announced on 28th that Airbnb, a shared accommodation platform, has chosen to go public on the Nasdaq exchange in the United States, but did not reveal its timetable for listing. Airbnb has applied for an IPO with US regulators in August, and it is reported that the amount of capital raised may reach US$3 billion, and the company’s valuation may exceed US$30 billion.
RVshare Raises $100 Million in Financing
US-based RVshare closed a $100 million funding round led by Kohlberg Kravis Roberts with participation from Tritium Partners, according to media outlet SiliconHills. The funds from the funding round will be used by the company to expand its business. To date, RVshare has raised a total of $150 million in funding.
Other important news
National Post Office: peak express season to last 103 days
On October 28, the State Post Bureau held a press conference on the topic of express business peak season service guarantee. According to Bian Zuodong, deputy director of the Department of Market Supervision of the National Post Bureau, the peak season this year’s range from early November to the eve of the Spring Festival in 2021 (February 12), a total of 103 days. Among them, the “double 11” period (November 11 to 16) will appear peak season, the average daily express business volume is expected to reach 490 million pieces, about two times the daily business volume.
The code of conduct for live webcasting rewards will be introduced soon, and will limit three types of behavior, including high-value rewards
The China Association of Performing Arts (CAPA) Online Performance (Live) Branch will introduce guidelines and norms for online live broadcast rewarding behavior during the year, which is expected to be introduced as soon as December, the annual conference on live e-commerce and short video development learned. In addition, the association will also launch a classification and grading management code for webcasters, rating non-electronic broadcasters. The main goal of the introduction of the code of conduct for online live broadcast rewarding is to solve the three major problems of passionate rewarding, high-value rewarding and underage rewarding that currently exist in online live broadcasting.
The National Health Commission: Further promoting “Internet + medical care and health” for the convenience and benefit of the people
On Oct. 28, Mao Qun’an, director of the planning department of the National Health Commission, said that the policy effect of Internet+ medical and health development is increasingly visible. There are already 900 Internet hospitals nationwide, and the telemedicine collaboration network covers more than 24,000 medical institutions in all prefecture-level cities, with more than 5,500 second-level and above hospitals providing online services. As a next step, the National Health and Wellness Commission will give further play to the advantages of “Internet+”, lay a solid foundation, improve the mechanism, deepen the application, further promote “Internet+Medical Health” for the convenience and benefit of the people, and improve the satisfaction of the general public in receiving medical and health services.
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