Shopee closes local operations in Mexico, Colombia and Chile, exits Argentina after large-scale breach of contract
Recently, it was reported that Shopee, the e-commerce arm of Southeast Asian internet giant Sea, had informed employees that it would close its local operations in Chile, Colombia and Mexico and withdraw from the Argentine market entirely.
“Given the heightened uncertainty in the current macro situation, we need to focus our resources on our core business,” Shopee Chief Executive Officer (CEO) Chris Feng said in an email to employees. The company has decided to focus only on cross-border business in Mexico, Colombia and Chile.” Shopee then confirmed to the media that it will operate cross-border business in Chile, Colombia and Mexico, and completely shut down the Argentine business.
Sea’s market value soared to more than $200 billion in October, as its gaming and e-commerce divisions gained popularity during the pandemic. But the company’s share price has plummeted since then, and its market value is now only about $27 billion. According to previous reports from Leifeng.com, Shopee was exposed to large-scale contract breaches, layoffs, and high-level changes in August this year.
Domestic News
In the first half of this year, the top 1% of app publishers accounted for 91% of the revenue, Tencent and ByteDance were the top two
A new report from Sensor Tower shows that in the first half of 2022, the top 1% of publishers in the App Store and Google Play have launched products that eat up the majority of the world. The revenue is even more exaggerated. The top 1% of the global app publishers (about 1,800) together account for 91% of the total revenue, or about $42 billion; the remaining 183,000 companies share 9% of the market share, or $4 billion.
Among game and non-game publishers, Tencent topped the list with about $3.3 billion in revenue in the first half of the year, which is 153% more than the second-placed ByteDance ($1.3 billion), with only Honor of Kings and Products that have dominated the list all year round, such as “PUBG Mobile”, have eaten up more than 7% of the global in-game purchase revenue. (IT House)
Shen Yanan, President of Ideal Motors, reduced his holdings twice in September, cashing out about 91.13 million yuan
On September 12, information disclosed by the Hong Kong Stock Exchange showed that Shen Yanan, the co-founder and president of Ideal Auto, reduced his holdings of 600,000 Li Auto shares on September 6, cashing out 7.875 million US dollars (approximately RMB 54.52 million). ). This is the second time that Shen Yanan has reduced his holdings this month. He sold a total of 1 million shares twice, cashing out a total of 13.1638 million US dollars (about 91.13 million yuan). After the reduction, his ideal stock holdings dropped to 29 million shares, and his shareholding ratio dropped from 1.71% to 1.68%.
As the co-founder and president of Ideal Auto, Shen Yanan once held more than 30 million shares. According to the data disclosed by the Hong Kong Stock Exchange, since June 12 last year, Shen Yanan has reduced his holdings of Ideal Auto shares many times, accumulatively reducing his holdings of 3 million Li Auto shares, and his shares have dropped from 32 million shares to 29 million shares.
Xiaomi Financial Coaching Change: Losses of nearly 100 million in the first half of the year, Xiaomi co-founder Hong Feng resigns as chairman
Recently, according to a report from Sina Technology, Xiaomi recently announced in an internal email that it has appointed Group Vice President and CFO Lin Shiwei to also serve as Chairman of Tianxing Digital Technology and report to Group CEO Lei Jun. The chairman of Tianxing Digital Technology was previously held by Hong Feng, co-founder and senior vice president of Xiaomi. This appointment also means that Hong Feng is no longer in charge of the Xiaomi financial business he created.
Hong Feng is one of the eight co-founders of Xiaomi. Before joining Xiaomi, he served as a senior software engineer at Google and a senior product manager at Google China. He was responsible for Google Calendar, Google Maps 3D Street View project, and Google Chinese music services.
According to the disclosure of the 2022 semi-annual report, in the first half of this year, Xiaomi’s consumer finance net loss was 93.196 million yuan, an increase of 43% compared with the same period in 2021, and its net profit last year was 3.68 million yuan.
The iPhone 14 series is connected to the network: the nominal support for 29W fast charging is the same as the previous generation
It was reported on September 12 that the iPhone 14 series has passed the domestic 3C quality certification, and nominally supports a charging power of up to 29W (14.5V/2A), which is consistent with the iPhone 13 series.
Although the charging data of the iPhone 14 series has not yet been announced, considering that the iPhone 13 Pro Max takes about 2 hours to charge to 100%, the iPhone 14 Pro Max uses the Apple 30W PD charger for fast charging, which may also take about 2 hours. It can only be charged to 100%, which is obviously different from the Android camp. Judging from Apple’s previous upgrade strategy, there should be no qualitative leap in the charging of the iPhone 14 series. (Fast Technology)
Haval Chitu was exposed to the car paint burst, the owners collectively issued a statement asking: send 10 maintenance and pay 20,000 yuan
Recently, some Haval Chitu car owners collectively complained to the complaint website, claiming that the paint of the Haval Chitu car they purchased had obvious bulging and wrinkling problems. The owner noticed a lot of soft bulging in the paint, and there were also paint peeling and bulging on the hood.
To this end, they put forward relatively unified car owners’ demands: 1. Free lifetime warranty for the entire car paint and sheet metal problems caused by car paint and nationwide joint warranty; 2. 10 times of free maintenance; 3. Compensation for quality defects 20,000 yuan or equivalents for the loss of the car price and compensation for the lost work expenses and vehicle and shipping costs of the car owner when repairing the car. 4. The 4S shop must test the vehicle and issue a report; 5. The manufacturer publicly releases an official compensation announcement. At present, Great Wall Motor has not responded, and the two sides are still negotiating.
Lithography giant ASML has more than 1,500 employees in China
In June of this year, ASML said that in order to support the growth of its business in China, it will continue to expand its Chinese team this year, planning to recruit more than 200 employees. Recently, the latest ASML data shows that by the end of August, the number of ASML employees in China has exceeded 1,500.
ASML is one of the world’s largest semiconductor equipment manufacturers, providing comprehensive key equipment to complex integrated circuit manufacturers around the world. According to the data, in 1988, ASML delivered the first ASML stepper lithography machine to the Chinese market; in 2000, ASML China was officially established. Currently, ASML has 15 offices, 11 warehouse logistics centers, 3 development centers, 1 training center and 1 maintenance center in China.
The financial report shows that in the second quarter of 2022, ASML achieved net sales of 5.4 billion euros (about 37.206 billion yuan), a gross profit margin of 49.1%, and a net profit of 1.4 billion euros (about 9.646 billion yuan).
The most expensive mobile phone number in history: 15666666666 Unicom number online auction 13.66 million starting auction
Recently, the Ali asset auction platform has launched a “top-notch number”, Unicom’s mobile phone number is 15666666666, the starting price is 13.66 million yuan, and the deposit is 688,000 yuan. The auction started on October 10, and there have been 6,164 onlookers, and 137 people have set reminders.
Previously, the Ali auction platform successfully auctioned the right to use the “15077777777” mobile phone number, with a transaction price of 3.91 million; while the “15066666666” mobile phone number was sold for 2.9496 million yuan.
It is reported that the mobile phone number is planned by the Ministry of Industry and Information Technology, and consists of a 3-digit network number (representing the operator) + a 4-digit HLR number (representing the place of origin) + a 4-digit personal code. Most of the people who use “pretty numbers” are businessmen, and most of them buy “pretty numbers” by spending money, and regard “pretty numbers” as a symbol of their status. Therefore, the purchase groups of mobile phone numbers are mainly business people and some collectors with economic foundation. (Sina Technology)
Apple’s official website 98 yuan AirPods Pro 2 lanyard is sold out in the first batch, delivery will take 4-6 weeks
After the “Far Out” conference on September 8, Apple’s official website store listed a lanyard for AirPods Pro 2 wireless headphones, the price is as high as 98 yuan, but it is not an Apple brand, but from a third party Incase brand. However, only three days after the launch, the first batch of this lanyard was sold out. According to Apple’s official website, the Incase lanyard is expected to ship in 4 to 6 weeks. (Sina Finance)
Mid-Autumn Festival high-speed service area charging “hard to find”, car owners wait an hour and a half before leaving
During the National Day holiday last year, many electric vehicle owners were fully aware of the pain of electric vehicles when they waited for charging in the high-speed service area. They spent half a day in the service area waiting for charging.
During the Mid-Autumn Festival holiday this year, the same “scenario” appeared again. Many friends during the Mid-Autumn Festival will choose to drive by themselves. With the increase in the cruising range of new energy vehicles, now traveling across cities and provinces, in addition to our fuel There are also many owners of new energy vehicles. Through the reporter’s visit, we can learn that many service areas are still full of new energy vehicles waiting to be charged. According to the owner, the average waiting time for charging is one hour to one and a half hours, which is “hard to find”. (Auto Home)
international News
iPhone 14 Plus pre-order results are worse than 13 mini, or will be cut off
Apple analyst Ming-Chi Kuo said pre-order results for the iPhone 14 and iPhone 14 Plus were “terrible” and that Apple’s positioning of the two new standard models may have failed. According to Ming-Chi Kuo’s analysis, compared with the iPhone 13/13 mini, the iPhone 14/14 Plus models have a shorter delivery time, and the two products currently account for about 45% of the shipments of the entire product line, reflecting sluggish demand.
The iPhone 14 Plus is the replacement for the iPhone 13 mini. However, this new product pre-order result was significantly lower than expected, which means that Apple’s product segmentation strategy for standard models this year has failed. For now, referring to the case of SE 3 and 13 mini being cut off in the first half of 2022, the pre-order results of iPhone 14 and 14 Plus are worse than iPhone SE 3 and iPhone 13 mini, and they may be cut off.
Bezos Rocket Company’s First Failed Launch Crash Escape System Works
A rocket from Jeff Bezos’s space company Blue Origin crashed in the Texas desert shortly after liftoff on Monday. The good news is that the cargo ship’s emergency escape system worked, saving the experimental setup on it. This is the first time Bezos’ company has suffered a launch failure.
Blue Origin’s New Shepard rocket lifted off from the company’s West Texas launch site on an uncrewed mission Monday morning. This is Blue Origin’s 23rd mission, designed to send NASA-funded experiments and other payloads to the edge of space to float for minutes in microgravity. But more than a minute after liftoff, about 5 miles above the ground, the New Shepard booster’s engine accidentally caught fire during its ascent. The cargo craft’s aborted launch engine system activated almost immediately, ejecting the craft from the faulty rocket and returning to the ground intact by parachute.
The Federal Aviation Administration (FAA) said the booster crashed in a designated danger zone. The FAA oversees and regulates launch site safety. Blue Origin’s fleet of New Shepard rockets will be grounded until the FAA approves the findings of a Blue Origin-led accident investigation, the FAA said. (Phoenix Network Technology)
Apple officially pushes iOS 16 update, has sent “information” that can be edited or withdrawn
On September 13, Beijing time, Apple officially pushed the iOS 16 system update. According to reports, the new version introduces a redesigned lock screen that associates the lock screen with focus mode, and uses focus mode filters to filter out distracting content in the app. In addition, Messages is getting a major update, allowing you to edit or recall messages you just sent. (Interface News)
Instagram short video project setback, users watch less than a tenth of TikTok’s time
According to the “Wall Street Journal”, an internal Meta document shows that users of its social platform Instagram spend a total of 17.6 million hours a day watching Reels-style videos, which is less than one-tenth of the time TikTok users spend on the platform.
Published inside Meta in August, the document mentions that there are about 11 million creators in the US on the platform, but only 20.7% of those users post on the platform every month. Meta spokesman Devi Narasimhan described the data on viewing time as “outdated” and not global, and declined to disclose other figures. Participation at Reels is currently rising every month, she said. Previously, Instagram announced a new feature in July to share new video posts under 15 minutes in the form of Reels. (Interface News)
Oracle’s first-quarter revenue was $11.445 billion, and net profit fell 37% year-on-year
In the early morning of September 13, Oracle released the company’s first quarter financial report for fiscal 2023. According to the report, Oracle’s total revenue in the first fiscal quarter was US$11.445 billion, an increase of 18% compared with US$9.728 billion in the same period last year, and a year-on-year increase of 23% excluding the impact of exchange rate changes; net profit was US$1.548 billion, A decrease of 37% compared with the same period of last year of 2.457 billion US dollars, a decrease of 29% compared with the same period of last year, excluding the impact of exchange rate changes; adjusted net profit not in accordance with US GAAP was 2.828 billion US dollars, compared with 2.944 billion in the same period of the previous year The U.S. dollar was down 4% compared to the same period last year, or 4% year-over-year excluding the impact of currency changes.
Oracle’s first-quarter revenue was largely in line with Wall Street analysts’ expectations, but its adjusted earnings per share missed expectations. Shares of Oracle rose more than 1 percent after the earnings report. (Sina Technology)
Samsung faces class-action lawsuit over data breach, accused of not notifying users a month after discovery
According to Bloomberg, Samsung has been hit with a proposed federal class-action lawsuit over the recent data breach. Unauthorized third parties managed to access and steal customer information, including names, birthdays, contact information and product registration information, from the company’s U.S. systems.
Samsung said it discovered the hack on Aug. 4, but users said it didn’t notify affected consumers until a month later. The lawsuit filed by affected users in U.S. District Court for Nevada alleges that Samsung neglected its duties as a collector of personal information by failing to report the incident to affected customers in a timely manner. More than 3,000 users were affected by the breach.
While Samsung is working to resolve the incident, it may be too late and could end up facing a class action lawsuit for failing to act in a timely manner. According to reports, this is not the first time Samsung has been the target of a cyber attack. In March last year, a hacking group leaked a large amount of Samsung data, including Samsung’s classified source code. Samsung said the leak involved source code related to the operation of some Galaxy devices, but did not include personal information of consumers or employees. (IT House)
Qualcomm wins $1 billion European antitrust lawsuit
The European Union’s antitrust watchdog confirmed in recent days that it will not appeal a court ruling to lift a 997 million euro ($1 billion) fine against Qualcomm, bringing to an end a long-running debate. “We have carefully studied the ordinary court decision in the Qualcomm (exclusive payment) case and decided not to appeal to the Supreme Court,” a European Commission spokesman said in an email.
The case began in 2018, when the European Commission announced an antitrust fine of 997 million euros against Qualcomm for making huge payments to Apple between 2011 and 2016 for Apple to put in all iPhones and iPads Use only its chips, thus shutting out competitors like Intel.
Intel cuts expectations for its self-driving company Mobileye, targets $30 billion IPO
In the face of falling stock markets, Intel is lowering its expectations for the size of the Mobileye IPO; if things don’t improve, it could delay the IPO until next year. Intel expects the IPO to value the self-driving technology business at as much as $30 billion, lower than initially hoped, according to people familiar with the matter who asked not to be named. The original plan was to issue shares around mid-2022, with a potential valuation of more than $50 billion.
Amazon acquires Belgian warehouse robotics company Cloostermans
Recently, Amazon announced that it has signed an agreement to acquire Belgian warehouse robotics company Cloostermans. More than 200 employees of Cloostermans will join Amazon’s robotics division and be responsible for related operations in Europe. Ian Simpson, Amazon’s vice president of global robotics, said: “Amazon’s investment in robotics is helping customers and employees build a safer and better workplace, and we’ll be building something new with Cloostermans.”
In recent years, Amazon has continued to expand its business scope by acquiring other businesses. In July, Amazon acquired primary care provider One Medical. In August, Amazon announced an all-cash deal to buy iRobot, maker of the robotic vacuum cleaner Roomba, for $61 per share. (IT House)
Nikola founder Trevor Milton faces trial for securities fraud related to electric trucks
Nikola founder Trevor Milton faces a securities fraud trial this week after he was charged with lying about the company’s development of environmentally friendly technologies,media reported. In the report, Milton has previously attracted a number of auto industry leaders and investors for his commitment to reforming electric trucks.
Federal prosecutors in Manhattan last year charged Milton with a scheme to enrich himself and improve his status as an entrepreneur by inflating Nikola’s prospects and deceiving lay investors, including stock market novice. He was charged with two counts of wire fraud and two counts of securities fraud. The selection of the jury is scheduled to start on Monday. For now, Milton has pleaded not guilty. A Nikola spokesman declined to comment.
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