The 9-year lawsuit was formally settled, and the judge approved that Apple’s employees who were searched by the package would be compensated 200 million
In 2013, Apple was sued by retail store employees for searching bags to prevent theft. Nine years later, the class action was formally settled. Under the agreement, Apple will have to pay $30.5 million (about 200 million yuan) in compensation to thousands of hourly workers in California. The California Supreme Court has held that mandatory employee security checks should be paid as required by state law.
The plaintiffs allege that Apple did not compensate store employees for their time spent having their bags and iPhones searched after hours. For some employees, waiting a few minutes or more after clocking in is often the equivalent of about $1,500 a year. The class-action lawsuit, which covers 14,683 California employees, was awarded an average of $1,328 per employee. After being sued, Apple no longer conducts bag searches before employees leave work.
Domestic News
Douyin e-commerce adjustment, mall “Taobao”, content and product distribution, operation director Li Tian resigns
On August 15th, according to Tech Planet, after Li Tian, the head of Douyin e-commerce author commodity operations, resigned, ByteDance is accelerating the change in Douyin e-commerce’s transition to binding content traffic. Recently, Douyin announced internally that some of the mid-waist business will be handed over to the Douyin e-commerce service provider team. The Douyin e-commerce industry operation will be divided into two business lines, namely content business and shelf business. Businesses mainly do shopping malls and brands.
Some insiders said that a series of adjustments and changes in Douyin e-commerce may have accelerated Li Tian’s departure. According to “LatePost” report, Li Tian is a member of the Douyin start-up “Group of Seven” and was the head of Douyin operations. In May 2021, Li Tian joined ByteDance’s e-commerce department and participated in Douyin’s e-commerce operations Work, including live broadcast operation and talent management.
In terms of structure, Li Tian and Mu Qingping, the general manager of Douyin e-commerce operations, both report to Kang Zeyu, president of Douyin e-commerce. Nowadays, the “content” and “commodities” of Douyin e-commerce are gradually divided, which may mean that Li Tian’s responsibilities are also divided. At present, in order to develop into shelf e-commerce, the interface in Douyin Mall is no different from traditional shelf e-commerce platforms Taobao, Pinduoduo, JD.com, etc., and activities such as spikes and tens of billions of subsidies have also been added.
Jia Yueting can build cars again, and Faraday Future receives $52 million in new financing
On August 15, Faraday Future announced the successful execution of a definitive agreement for a new financing arrangement. Under the agreement, the new secured note facility provides an initial commitment of $52 million with a potential maximum financing of up to $600 million. Funds managed by U.S. institutional investor ATW Partners led the deal. In addition, Faraday Future said it is actively discussing potential additional financing with multiple investors. Faraday Future also said that equipment at the Hanford factory, which has been renamed the California factory, is currently in the final stages of installation. Faraday Future’s U.S. stocks rose 2.56% in early trading on Monday, after rising more than 3% earlier.
Hong Kong FRC: Investigation into accounts and audits of China Evergrande and Evergrande Properties
On August 15, the Hong Kong Financial Reporting Council announced on its official website that the Financial Reporting Council has carried out a review of Evergrande Property’s financial statements and audits for the year ended December 31, 2020 and the six months ended June 30, 2021. Investigation into the audit of Evergrande Property’s 2020 annual accounts by Bingham House (PricewaterhouseCoopers).
In addition, the FRC has also expanded the scope of the following enquiries and investigations to include China Evergrande for the year ended December 31, 2020 (China Evergrande’s 2020 Annual Accounts) and the six months ended June 30, 2021 and existing inquiries into PricewaterhouseCoopers’ audit of China Evergrande’s 2020 annual accounts. The FRC said that, based on the announcements issued by China Evergrande and Evergrande Property on July 22, 2022, respectively, it identified issues in the accounts regarding the classification of restricted bank deposits and other loans, the measurement of pledged guarantees, and disclosure of related party transactions, as well as audits. related issues.
It was reported on the Internet that the convenience bee was closed on a large scale, and the business hours were greatly shortened, and the convenience bee responded
On August 15th, according to Ranjiyuan, convenience bees were exposed to large-scale closures and shortened business hours. Some netizens have reported that since March this year, netizens have often posted online that the convenience bee in front of their home has shortened their business hours or has closed, and several convenience bee stores in Wuxi, Qingdao, Hefei and other places have posted “Today. Farewell, meet again sometimes” announcement. In first-tier cities such as Beijing and Shanghai, although some convenience bees have not closed or locked their doors, they are often out of stock.
In response to the above situation, the relevant person in charge of Bianlifeng responded that due to the epidemic, Bianlifeng encountered difficulties in logistics and transportation, and temporarily closed some stores. However, the other party did not give an accurate answer to the store closing data, and stated that “there is no official confirmation of the specific store closing data. On March 30, 2022, Convenience Bee sent an email to all staff announcing the cancellation of the year-end bonus. The reason is that the epidemic caused The company’s performance in 2021 did not meet expectations. In April 2022, there was also news of layoffs in convenience stores.
Xiaomi further plans to build cars and invests in car resistor manufacturer Dingsheng Microelectronics
Tianyancha App shows that recently, Ningbo Dingsheng Microelectronics Technology Co., Ltd. has undergone industrial and commercial changes, adding a new shareholder, Beijing Xiaomi Zhizao Equity Investment Fund Partnership (Limited Partnership). At the same time, the company’s registered capital increased from RMB 106 million to RMB 113 million. According to the official website information, Dingsheng Microelectronics was established in 2021 and is a domestic automobile resistance brand. The company’s business scope includes: manufacturing of electronic components; wholesale of electronic components; retail of electronic components; research and development of special electronic materials; manufacturing of special electronic materials.
He Xiaopeng: Pure Electric Vehicles Can Eliminate Hybrid Electric Vehicles and Fuel Vehicles Below 100,000 RMB
On the afternoon of August 15th, Xiaopeng Motors held a super energy supplement conference. At the meeting, He Xiaopeng announced the next stage of Xiaopeng Motors’ plan, and said that “in the future, pure electric vehicles can eliminate hybrid vehicles, and will replace 100,000 yuan. The following oil trucks”. At the press conference, He Xiaopeng listed a set of data. The penetration rate of the new energy market has increased from 4.3% in 2018 to 22.7% in the first half of this year. 8 out of 10 new energy users have chosen pure electric vehicles. It is estimated that the total amount of new energy this year will exceed 500. 10,000 units, including more than 4 million pure electric vehicles. In the vast majority of usage scenarios, pure electricity has already met the needs of users. The average Chinese user travels no more than 300 kilometers per week, and more than 90% of the scenarios are urban and suburban. Therefore, He Xiaopeng believes that fuel vehicles below 100,000 yuan will be quickly replaced by pure electric vehicles; fuel vehicles within the range of 100,000-200,000 yuan will be impacted by hybrid and pure electric models, and hybrid performance will be more prominent; more than 200,000 yuan, it is Pure electric models will be stronger. More importantly, compared to hybrid vehicles, pure electric vehicles are cheaper to maintain, and the driving experience is more comfortable and quiet. Therefore, in the future, ultra-fast charging + high battery life + self-operated charging stations will eliminate hybrid vehicles and change the market structure. (Source: Fast Technology)
Tencent Music Entertainment Group released its Q2 financial report, with revenue of 6.91 billion yuan, up 13.4% month-on-month
It was reported on August 16 that Tencent Music’s revenue in the second quarter was 6.91 billion yuan, and analysts expected 6.68 billion yuan; the non-IFRS diluted profit per ADS in the second quarter was 0.63 yuan, and analysts expected 0.55 yuan. The company’s online music mobile monthly active users (MAU) in the second quarter was 593 million, and analysts expected 604.8 million. Tencent Music announced in its financial report that its $1 billion share repurchase plan announced in March 2021 has been completed by more than 70% by the end of the second quarter of this year, and will continue to advance. (Source: Financial Associated Press)
Douyu turned losses into profits in the second quarter, with a total revenue of 1.833 billion yuan and a net profit of 23.5 million yuan
On August 15, Beijing time, Douyu US stocks rose 12% before the market and released unaudited financial results for the second quarter of 2022. According to the financial report, Douyu’s total revenue in the second quarter was 1.833 billion yuan. The gross profit was 309 million yuan, corresponding to a gross profit margin of 16.9%. Under the non-GAAP, net profit was 23.5 million yuan, and the operating efficiency was significantly enhanced; the quarterly average MAU of the mobile terminal was 55.7 million, the number of paying users was 6.6 million, and the scale of platform users remained stable.
During the quarter, Douyu continued to implement the strategy of “a diversified content ecological platform centered on games”, continued to increase investment and innovation in self-made content, and at the same time paid more attention to cost control and input-output ratio, and refined around different games. The operation has significantly improved the financial performance of the platform, returned to the profit track again, and turned the financial performance into profit.
BYD officially signed a contract in Yichun, Jiangxi Province, and plans to invest 28.5 billion yuan to build a power battery project with an annual output of 30GWh
According to the release of Yichun, on the afternoon of August 15, Yichun Municipal Government, Yichun Economic Development Zone, Yifeng County Government, Yichun Mining Company and BYD Co., Ltd. formally signed a strategic cooperation framework agreement in Nanchang. BYD plans to invest 28.5 billion yuan to build a comprehensive development and utilization production base project in Yichun with an annual output of 30GWh of power batteries and an annual output of 100,000 tons of battery-grade lithium carbonate and ceramic soil (including lithium). This is another leading global new energy enterprise settled in Yichun after Ningde Times and Guoxuan Hi-Tech, which will accelerate the transformation of Yichun’s lithium battery new energy industry chain from “upstream integration downstream” to “downstream integration upstream”. (Source: Securities Times)
international News
Apple Wufu Yian chargers are completely sold out, customer service said that you can buy 20W ones
On August 15, Apple’s official website showed that the Apple 5W USB power adapter priced at 145 yuan was “sold out”. In addition, this USB power adapter was “not available for pickup” in Apple Store retail stores in mainland China. Apple’s official customer service responded that the charger is indeed sold out, and users can buy a 20W charger.
It is reported that Apple’s above-mentioned charging head is jokingly called “five blessings and one amp” because the voltage is only 5 volts and the maximum current is 1 amp. “Five blessings and one safety” charging first met with Apple users when the iPhone 3GS box was released in June 2009, and it has been on the scene for more than 13 years. This charging head was originally included with Apple, but starting with the iPhone 12 series, the charging head needs to be purchased separately. On Apple’s official website, the charging head is priced at 145 yuan. The 20W USB-C power adapter is only 4 yuan higher than the price of this charging head.
Google announced that Android 13 is officially open source, and domestic manufacturers such as Huawei and Xiaomi are available
On August 16, Google announced that as part of the official release of the latest version of the Android system, the source code of Android 13 has been released to the Android Open Source Project (AOSP). Android 13 brings security improvements, UI/theming improvements, productivity improvements, OpenJDK 11 LTS updates, ART optimizations, garbage collection improvements, and various other evolutions and changes.
Judge orders Twitter to hand over documents of ex-executives counting fake accounts to Musk
A U.S. judge has ordered Twitter to hand over documents to Musk of a former executive who was a key figure in tallying Twitter’s fake accounts. The judge ordered Twitter to collect, evaluate and produce documents based on content from former consumer products general manager Kayvon Beykpour, according to the court order. Lawyers for Twitter and Musk have not responded.
Back in April after Twitter agreed to the acquisition, Baker left the company, which Musk believed was deeply involved in spam account decisions. Musk also requested access to 21 other individuals with relevant information, but the judge denied Musk’s request. Last week, Musk’s legal team sent a letter to the judge, asking the judge to order Twitter to hand over the list of people involved so that it could be easier for Musk to question.
In the second quarter of 2022, smartphone shipments in Southeast Asia fell by 7% month-on-month, with Samsung, OPPO and Xiaomi ranking among the top three
On August 15th, Canalys, an independent technology market analyst, released information on smartphone shipments in Southeast Asia in the second quarter of 2022. Data show that in the second quarter of 2022, smartphone shipments in Southeast Asia were 24.5 million units, down 7% from the first quarter. According to the report, demand for Samsung’s mid-to-high-end A-series was lower than expected, resulting in a 19% decline in second-quarter results compared to the first quarter, but it still maintained its leading position in Southeast Asia. OPPO remained strong, securing second place with an 18% market share. This is due to the continued popularity of its A16 series, which became the best-selling model in the Southeast Asian market. Xiaomi shipped 4 million units in the second quarter, the same as the previous quarter, ranking third.
Among the five major Southeast Asian markets, four markets achieved strong and sustained growth, mainly due to the newly launched Redmi 10 series and the previous Redmi 9 series. Both vivo and realme were among the top five, with shipments of 3.2 million and 2.6 million units, respectively. vivo has launched a large number of new models in some strategic markets in Southeast Asia, such as the T1 series and Y01 series, to meet the needs of a wider target group based on different price ranges. (Source: IT House)
Unity rejects AppLovin’s $17.5 billion takeover after offer not in shareholders’ best interests
Beijing time on the evening of August 15th, according to reports, game software platform Unity Software rejected game software company AppLovin’s $17.54 billion acquisition offer. Unity said in a statement that its board believes that AppLovin’s offer is not in the best interests of shareholders and therefore it is impossible to come up with a “superior offer” than the deal with ironSource.
At the same time, Unity Software also said that it will continue to execute the previously announced “acquisition of mobile application monetization software company ironSource” transaction.
Musk’s SpaceX welcomes “attack” Starlink: nearly 170,000 yuan in rewards
According to Insider reports, Musk’s SpaceX company said recently that it welcomes researchers to “attack” its Starlink (Starlink), and said that if they found certain vulnerabilities in the server, they would pay them up to $25,000 (equivalent to the equivalent of $25,000). RMB nearly 170,000 yuan).
It is understood that Lennert Wouters, a security researcher at the University of Leuven in Belgium, has previously said that he was able to launch a fault injection attack on Starlink user terminals with a $25 home-made device, and said he received a bounty from SpaceX.
In a document titled “Starlink Welcomes Security Researchers (Bringing Vulnerabilities),” SpaceX congratulated Wouters on the research, saying “We found this attack to be technically impressive and the first of our efforts in The first known attack of its kind in the system.” SpaceX said in the document, “We allow security researchers to test, and when they find and report a vulnerability, we offer a monetary reward of $100 to $25,000.” According to the Starlink bug bounty site, methods such as testing to disrupt user service, physical attacks on large-scale infrastructure and email spoofing are non-compliant.
Porsche signs 25-year solar supply agreement to reduce carbon emissions by 3.2 million pounds per year
Porsche said on Monday it plans to build and operate a solar-powered microgrid at its U.S. headquarters in Atlanta that could reduce its carbon emissions by 3.2 million pounds a year. Porsche aims to be carbon neutral across all of its businesses by 2030. Ford has set a goal to power all of its global facilities with renewable energy by 2035 and be carbon neutral by 2050.
Tiktok adds AI drawing function, user input text prompt software can automatically generate images
Tiktok recently added a feature called “artificial intelligence green screen”, which allows users to enter text prompts, and then the software generates an image. This image can then be used as a background for the video and can be a very useful tool for creators. As media test their models’ ability to create nudity and gore, text-to-image generators tend to impose constraints on both intents from users. The abstract nature of the model’s output means that prompts with provocative language can only produce a swirl of nonsense. Again, requests involving nudity yielded only some decent color, but nothing blushing.
Fire breaks out at Nintendo’s Japan headquarters, news says it was caused by an electronic device being charged
According to NHK reports, at 1 pm local time in Japan on August 15, a fire broke out in a room on the third floor of the development building of Nintendo’s headquarters in Kyoto, Japan. The tables and chairs in the room were partially burned in the fire, and no one was injured. After the fire broke out, eight fire trucks rushed to the Nintendo headquarters, but the fire was put out by employees before they arrived at the scene. Police and fire departments are investigating the cause of the fire, but the report said that, depending on the situation at the scene, the fire may have been caused by an electronic device that was charging.
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