Original link: https://www.latepost.com/news/dj_detail?id=1722
Station B will replace the number of times with the playing time to avoid “jittering”
During the 14th anniversary celebration of Bilibili (Bilibili) held tonight, Chen Rui, the company’s chairman and CEO, came to the stage to report on his work. He first emphasized that medium and long videos are the “basic disk” of Bilibili, and then made it clear for the first time that In the next few weeks, the platform will cancel the playback count of the video manuscript and replace it with the playback duration.
The explanation given by Chen Rui is that “the time spent by the user actually watching the video is a more valuable data”. Whether it is recognized popular content or high-quality content in the vertical field, it can attract viewers for a long time; while those low-quality videos that “attract users to click through exaggerated titles and inductive covers” tend to be quickly clicked by users. give up.
Three months ago, there were media reports that Bilibili was considering the above-mentioned changes. The relevant product development has been completed, and an Up main communication meeting was held to listen to opinions, but there was no follow-up until tonight. During the speech, Chen Rui said that the reason for not showing the playing time earlier is that the technical difficulty of counting time is “much greater” than the count of times, and the cost is higher, but “today’s station B already has enough capacity.”
Throughout Chen Rui’s speech, he did not mention Story Mode, which may be most affected by the above changes. It is a vertical screen information flow product launched by Station B in January 2021, and the content is mostly within three minutes.
The launch of Story Mode is a sign of Bilibili’s entry into short videos, which quickly brought returns to Bilibili. Compared with medium and long videos, the threshold for making short videos is lower. With Story Mode, after the second quarter of 2021, the scale of active content creators and the growth rate of the average number of monthly submissions on Station B will both rebound.
More importantly, increase income. Story Mode brings more efficient advertising slots to Bilibili. Advertisers can directly take the creative materials used in Douyin and Kuaishou to Station B for reuse.
According to Wan Lian Finance, Story Mode has strong profitability, and the revenue per thousand impressions once exceeded Kuaishou, and advertisers are willing to pay for it. But short videos will also dilute the content quality of Station B.
Although Station B adopts the idea of ”researching what we want from the content of the station, and gaining insight into what we don’t want from the content of competing products” to operate Story Mode, the management also explained to analysts in the conference call that Story Mode is useful for ” 100% Bilibili features”, but whether it is company employees, advertising agencies or users have expressed that the content of Story Mode is not much different from Douyin and Kuaishou.
Only one year after its launch, Story Mode has accounted for more than 20% of the total playback volume of Station B. This time, switching to playing time to measure changes in video quality can alleviate the trend of short videos on the site robbing users of medium and long-term videos. This will be welcome to Up owners who produce medium-length videos and make money from them, although the company has not further explained whether it will simultaneously reduce the frequency of Story Mode appearing in the recommended stream on the homepage.
Medium and long-term videos (PUGV) produced by professional users are the core competitiveness of Bilibili that distinguishes it from other video platforms. Trying short videos is more like the company’s action to follow the industry trend-beginning in 2018, iQiyi and Youku, which make long videos Sinking into the short video industry by releasing new products and setting up partitions in the app, ByteDance, which is sitting on Douyin, first made its own variety show through Watermelon Video, and then competed with Station B for the Up host to break through medium and long videos.
Most of these cross-field competitions ended in failure. The most symbolic event was the cooperation between iQiyi and Douyin in July last year. The former authorized the latter to create secondary dramas, and the latter paid the former copyright fees and introduced users. This means that the two companies have admitted that each other cannot attack what the other does best.
It is very difficult for a company to allocate a project team internally to create products out of thin air, and to compete with competing products that are polished by the entire company. In the process, it is even more harmless to eat back one’s own competitive barriers. Station B is not the first company to realize this, and it probably won’t be the last. (Intern Sun Haining)
John Goodenough, father of lithium batteries, dies
On June 26, John Goodenough, the core inventor of lithium batteries and co-winner of the 2019 Nobel Prize in Chemistry, passed away. He is just one month away from his 101st birthday.
This news was confirmed by Steve LeVine, a student of Goodenough and a columnist who has interviewed Goodenough for a long time.
Goodenough was not the first to invent the lithium battery; that honor belongs to British chemist Stan Whittingham, who won the Nobel Prize with him. However, Whittingham uses pure lithium metal as the negative electrode of the battery (the medium for current output), which is extremely easy to catch fire and explode, and cannot be used in daily use.
In 1980, the 58-year-old Goodenough used a combination of cobalt-based oxides that are not easily reacted and lithium as the positive electrode of the battery (the medium through which the current enters the battery), making the battery safer and allowing lithium batteries to be used commercially.
“Don’t copy. Think about the problem and remember that we are competing with the problem, not with the person. Don’t trust everything you read and don’t be afraid to think. It’s okay to know about the past, but don’t just rely on imitation ” Goodenough said in an interview after winning the Nobel Prize, “Dialogue, dialogue, dialogue is always very important. We all learn like this.”
In 1991, Akira Yoshino, the scientist who won the Nobel Prize with them, created a commercial lithium battery at Sony, officially opening the era of lithium batteries. Goodenough’s research has become ubiquitous, and his invention of a lithium cobalt oxide (positive electrode) battery powers the phone or computer you’re reading this article on.
He knows that there are still many problems with lithium batteries-lithium cobalt oxide batteries cannot be used in cars, and the electrolyte used in lithium batteries is flammable. If the charging speed is too fast, “dendrites” will appear on the positive electrode, piercing the battery’s separator, cause the battery to short-circuit and catch fire.
Although Goodenough didn’t get any income from the rapid popularity of lithium batteries, he continued to research: at the age of 75, he invented the lithium iron phosphate (positive electrode) battery to power electric vehicles; The ultimate form of the known battery, there will be no “dendrite”, the storage energy density is high, and the battery with the same weight can drive the car farther. “It’s enough to help enable technology that makes the lives of many people better, to bring joy (to yourself).”
“I want to remove carbon emissions from roads around the world, and I want to see it before I die,” Goodenough said in an interview in 2018. “I’m 96 years old. There’s still time.” Until this year, There are also a number of papers signed by Goodenough published, the main research direction is solid-state batteries. (He Qianming)
Intel split the foundry business, how did it lose?
Last week, Intel announced that it would separate its foundry business in the first quarter of next year. The company’s CFO David Zinsner said in a conference call to investors that according to the calculation model, after the split, Intel is expected to become the world’s second largest wafer foundry next year, second only to TSMC.
In March 2021, Pat Gelsinger, who had just assumed the post of CEO of Intel, announced an IDM 2.0 plan aimed at reviving the company’s chip manufacturing business. At that time, it was at the peak of the global core shortage, which gave Intel a chance. In a normal year, it would be difficult for it to steal orders from TSMC.
Intel itself slashed capital expenditures by nearly half from the previous five-year average. But until March of this year, Intel’s chip manufacturing unit still only generated $730 million in annual revenue, accounting for 1% of the company’s total revenue, and only 1% of TSMC.
The foundry business is meager, largely because Intel’s orders come almost exclusively from itself: other design houses place orders with some unease about sharing their designs with rivals. The backwardness of the manufacturing process is also a major constraint. According to media reports, both Tesla and Qualcomm have recently given up placing orders with Intel due to concerns that Intel’s advanced manufacturing technology will not pass the test.
Since 2015, Intel has repeatedly announced the delay of 10nm and 7nm processes. At present, competitors TSMC and Samsung’s 3nm process have already been mass-produced, while Intel’s Intel 4 (7nm) process mass production will have to wait until the second half of this year.
However, the backwardness of craftsmanship and scale can actually be traced back longer.
In the PC era, Intel was the absolute king and was once one of the most profitable technology companies. The leading edge of processor chips is also enough for Intel to continue to support the research and development of its process technology with huge profits. However, with the advent of the mobile era and the rise of the ARM architecture, Intel’s sales growth has stagnated, and more importantly, its capital expenditure and R&D investment have begun to lag behind competitors, and chip manufacturing may be the most capital-intensive industry. Intel’s The process is gradually falling behind.
Neglect of the manufacturing business has even allowed some of Intel’s early technological breakthroughs to become wedding dresses for rivals. In the process of ASML developing EUV lithography machines, Intel played a crucial role and invested heavily. However, Intel did not start using EUV lithography machines for production until 2020. At that time, TSMC’s 7nm EUV process had been in mass production for a year, and it bought half of ASML’s EUV lithography machines.
However, when PCs first began to decline, the impact on Intel was not obvious, because with the rise of Amazon AWS, cloud computing data centers had too much demand for CPUs, and Intel’s crisis was not immediately reflected in its reports. Today’s main computing chip demand has changed from Intel desktop CPUs to ARM CPUs (mobile devices), GPUs (games and AI). Intel’s design capabilities are limited, and its scale advantage has fallen to TSMC. TSMC was able to invest more money to increase its production advantage, and Intel entered a vicious circle.
Now the market believes that Intel has finally taken the right step. Splitting the design department from the manufacturing business can at least save some costs, and at the same time increase the chances of obtaining orders from other design companies. Analyst Mark Lipacis of investment bank Jefferies therefore raised Intel’s target price by 6%, and analyst Ruben Roy of another investment bank Stifel also called it a major business transformation in his latest report.
Analyst Ben Thompson believes that the timing of Intel’s choice to become a chip manufacturing company is right, because chip manufacturing capabilities have become increasingly scarce, with extremely high barriers to entry and huge demand. Compared with TSMC, Samsung, and GlobalFoundries, Intel still has the strongest R&D strength; but the key is how strong Intel’s willingness to transform is, fearing that “the sky will fall, and Intel still believes that it is a design company.” (Qiu Hao)
This week’s IPO: A-shares are all manufacturing, Hong Kong stocks are all pharmaceuticals
There are at least 5 IPOs for A shares this week.
- Xinan Technology: Manufacturer of core components for automotive turbochargers. Sinan Technology was established in 1994. Its main business is the manufacture of aluminum alloy auto parts. The core product is the turbocharger compressor housing. The company has maintained long-term cooperation with Garrett, an American turbocharger manufacturer, and its products are used in Volkswagen, Audi, GM and other brands, with an average revenue of 770 million yuan in the past three years.
- Huafeng Technology: An optical connector manufacturer under Changhong Holding Group. Huafeng Technology was established in 1958, and its connector products are used in aviation, rail transit, automobile, communication and other fields. Defense connectors are the company’s largest revenue category, accounting for 40% of revenue last year, and are used in space launch systems, launch vehicle systems, and space suit systems. Huafeng Technology will turn around in 2021, and its net profit last year was close to 100 million yuan.
- Guangkang Biochemical: A pesticide manufacturer. Guangkang Biochemical was established in 2003. It mainly develops and manufactures pesticide technical materials, intermediates and preparations. The main products include insecticides, fungicides and herbicides. The company had revenue of 660 million yuan last year.
- Ankaiwei: System-on-chip manufacturer. Ankaiwei was established in 2001, and its main products are IoT camera chips and IoT application processor chips. The company’s revenue has exceeded 500 million yuan in the past two years, and an average of more than 90% of its revenue comes from the two fields of smart home and smart security. Xiaomi’s Xiaomi Industry Fund became a shareholder of the company in 2019.
- Tiangang Co., Ltd.: a manufacturer of ultrasonic measuring instruments. Tiangang Co., Ltd. was established in 1988. Its main products include ultrasonic water meters and ultrasonic heat meters. The company’s revenue last year was 239 million yuan, with a net profit of 57.16 million yuan.
Hong Kong stocks have at least 3 IPOs this week.
- Adikon: an independent medical laboratory service provider in China. Founded in 2004, Adikon currently has 32 self-operated laboratories across the country, providing inspection services for hospitals and medical examination centers, and is the last of the three major independent medical laboratory service providers in China to be listed. In the past three years, Adicon’s gross profit margin has averaged 40.8%, and more than 90% of its revenue comes from medical testing services.
- Laikai Medicine: China’s biomedical technology company. Laikai Medicine was established in 2016. Its drugs mainly target cancer and liver fibrosis, and are still in the clinical stage. The company’s two core products are expected to be used in the treatment of ovarian cancer, prostate cancer, breast cancer, prostate cancer and other diseases. Laikai Medicine has accumulated a loss of about 1.53 billion yuan in the past two years, and completed a D-round financing of US$61 million in May last year.
- Pharmacist Gang: The largest online trading platform for the out-of-hospital pharmaceutical industry in China. Yaoshibang was established in 2015. Its initial business was to build an online trading platform for pharmaceutical sellers and buyers and collect commissions. It started its own business in 2019, purchasing pharmaceutical products and selling them to downstream pharmacies and primary medical institutions. Yaoshibang’s revenue has risen from about 6.06 billion yuan to about 14.28 billion yuan in the past three years, but it has been in a loss situation.
There were at least 9 IPOs in US stocks this week.
- Sidley Wealth: Hong Kong wealth management company. Founded in 2018, Sidley Wealth Management mainly provides wealth and asset management services to high-net-worth clients in Asia, whose clients mainly live in Hong Kong and the Mainland of China.
- Kodiak Gas Services: The third largest natural gas compression company in the United States. Founded in 2011, Kodiak provides natural gas compression services to U.S. oil and gas producers and midstream customers. As of the end of March this year, the company had revenue of $730 million.
- Sezzle: American “buy now, pay later” transaction service provider. Founded in 2016, Sezzle currently cooperates with more than 40,000 merchants to provide “buy now, pay later” financial services. The company has been loss-making, with a net loss of $38 million on $126 million in revenue last year.
- Savers Value Village: The largest used goods chain in the US and Canada. The company has more than 300 stores in the United States, Canada and Australia, with revenue of $1.44 billion and net profit of $84.7 million in fiscal 2022.
- Also included are oil and gas explorer Elephant Oil, restaurant management group Gen Restaurants Group, Asian supermarket Maison Solution, insurer Fidelis Insurance Holdings and entertainment content and consumer electronics distributor Alliance Ent Holdings. (Intern Chang Junfei)
OTHER NEWS
Hangzhou adjusts the threshold for online car-hailing: electric cars must use new cars.
The Hangzhou Municipal Transportation Bureau issued a document on June 25 stating that starting from July 17, vehicles newly applied for online taxi hailing in Hangzhou must be newly manufactured new energy pure electric vehicles, or have a taxable price of more than 150,000 yuan. non-new energy pure electric source vehicles. The Hangzhou Municipal Transportation Bureau stated that the current technical standards for online taxis in Hangzhou are lower than the standards for cruising taxis revised last year. Previously, the transportation bureaus of Changsha, Sanya and other places suspended the acceptance of new services for online car-hailing transportation certificates, and there was a surplus of online car-hailing cars in many places.
Hema will go on the market within this year at the earliest.
According to the Hong Kong Economic Daily, Alibaba’s new retail platform Hema Xiansheng will be listed as soon as November this year. Hema declined to comment to the media. On March 28 this year, Alibaba announced the launch of the “1+6+N” organizational structure adjustment. In its first quarter financial report released on May 18, it stated that Hema had been approved to implement its listing plan. Hema may become the fastest listed business after Alibaba adjusts its organizational structure.
Xiaohongshu takes a stake in M Stand Coffee.
According to Tianyan investigation, Xiaohongshu appeared among the new shareholders of Shanghai Aicha Catering Management Co., Ltd., an affiliated company of M Stand Coffee. Previously, M Stand completed the B+ round of financing led by Xiaohongshu, with a financing amount of over 100 million. Xiaohongshu has invested in foreign countries many times, focusing on the needs of young women, including the color contact lens brand MOODY, the luxury brand Duanmu Liangjin, the cosmetics brand Dewylab, the mother and baby brand Panda Bubu, and the fashion clothing brand Cinnabar Technology. M Stand is the first A catering investment project.
Recently, home purchase policies have been adjusted in many places to reduce restrictions.
- Shanghai: Pilot new housing “payment of certificates upon delivery”. At present, when buying a new house in Shanghai, one has to wait half a year after the house is handed over to apply for the real estate title certificate, which will affect the settlement of the owner, children’s schooling, and certificate mortgage. Prior to this, Guangdong, Henan, Beijing and many other places have started relevant pilot projects.
- Yangzhou: The purchase of improved housing in the urban area is no longer restricted, and the sale of original housing is no longer restricted (originally, online signing was required for three years).
- Foshan: It is planned to increase the maximum loanable amount of the housing provident fund. The maximum loan amount for a single employee is 500,000 yuan (previously 300,000 yuan), and the maximum loan for a dual-employee is 1 million yuan (both husband and wife apply at the same time).
The Hong Kong government is considering relaxing some residential loan ratios.
The Hong Kong Financial Secretary said that the Hong Kong government is considering slightly relaxing the mortgage loan-to-valuation ratio for some residential properties, but it will not relax the real estate cooling measures and will not adjust stamp duty. After a brief rebound in the first quarter, Hong Kong’s residential market slumped again. According to Juheng.com, there were 4,003 residential property sales contracts in May, down 12.7% month-on-month and 35.5% year-on-year.
In the first five months, the banking industry increased loans to manufacturing industries.
According to the State Administration of Financial Supervision and Administration, as of the end of May, the loan balance of banking financial institutions to the manufacturing industry was 30 trillion yuan, an increase of nearly 20% year-on-year. Loans to the manufacturing industry of many banks have maintained rapid growth:
- The increase in manufacturing loans of the Agricultural Bank of China in the first five months was 1.5 times that of the same period last year;
- China Construction Bank’s manufacturing loan balance at the end of May increased by 33% year-on-year;
- The Bank of China’s loan growth rate in the field of communication equipment manufacturing exceeded 50%.
The growth rate of industrial electricity consumption in Anhui Province is too fast, and there may be electricity shortage in summer.
Wanneng Power said in the institutional survey that the growth rate of electricity consumption in Anhui Province has been rapid in recent years, and the growth rate of the highest electricity load has been even worse. This year, there may be a shortage of both electricity and electricity. The power grid company predicts that Anhui Province will lack more than 12 million kilowatts of electricity in summer under normal high temperature conditions, and the power gap will further increase under extreme high temperature or continuous high temperature.
In the past five years, the growth rate of electricity consumption in the whole society in Anhui Province has continued to exceed the national average. In 2022, the electricity consumption in the whole society will be 299.32 billion kwh, a growth rate 6.6 percentage points higher than that of the whole country, and also higher than that of neighboring developed provinces such as Zhejiang and Jiangsu. . This is a kind of happy trouble, because the growth mainly comes from Anhui’s industrial electricity consumption (accounting for more than 60% of its total electricity consumption) growth rate is much higher than the national average.
In order to launch Vision Pro as soon as possible, Apple recruited thousands of employees.
Veteran technology reporter Mark Gurman recently revealed that Apple hopes to officially launch the first head-mounted computing device Vision Pro before May next year, the sooner the better. To this end, Apple has recruited thousands of new employees to debug and optimize software, improve comfort, develop marketing strategies, and more. In addition, Apple has already begun work on successors to the Vision Pro, including high-end and low-end models.
Tesla’s first supercomputer Dojo may be put into production in July.
Tesla recently registered a new account on Twitter, Tesla AI, and released a product progress timeline of its first supercomputer Dojo on June 22. Dojo will be put into production in July this year and will become the world’s most advanced computer by early 2024. One of 5 supercomputers. Launched at AI Day 2021, Dojo uses chips and infrastructure designed by Tesla. Tesla hopes to use Dojo to process more video data to accelerate the development of autonomous driving technology.
HSBC changed its headquarters, and the smaller it changed.
HSBC announced that it will leave its headquarters in Canary Wharf, which has been used for more than 20 years, in 2027 and move to the City of London, which is closer to the center of London. The office space of the new headquarters will be reduced by about 40%. After the epidemic, most companies have started the era of flexible work, and the number of people working in HSBC’s office has not recovered to the original peak of about 8,000. HSBC’s chief operating officer, John Hinshaw, said the bank wanted “to have a more flexible and dynamic workspace that meets the needs of colleagues and clients”.
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