Cash out 700 million Hong Kong dollars, Tencent “clearance style” to reduce its holdings of New Oriental Online
Taking advantage of the sharp rise in the stock price, Tencent Holdings did not hesitate to sell New Oriental Online. On June 20, the Hong Kong Stock Exchange disclosed that Tencent Holdings sold 74.6 million shares of New Oriental Online from June 15 to June 16. After this round of reduction, Tencent Holdings’ shareholding in New Oriental Online dropped from 9.04% to 1.58%.
Estimates show that on June 15 and June 16, Tencent Holdings cashed out HK$342 million and HK$377 million respectively. Through this round of reduction, Tencent Holdings cashed out a total of HK$719 million.
According to Choice statistics, from June 9 to June 17, many major overseas banks including JPMorgan Chase, Morgan Stanley, Citibank, BNP Paribas, Deutsche Bank, Interactive Brokers, etc. Significant reductions were made. (Source: Securities Times)
It is reported that Tencent announced the establishment of an XR division to bet on the Metaverse
Recently, three people familiar with the matter broke the news that Tencent has officially established an “extended reality” (XR) division, betting on the “metaverse”. The unit is tasked with building an “extended reality” business for Tencent, including software and hardware, these people said. The division will be led by Tencent Games Global CTO (Chief Technology Officer) Li Shen and will be part of Tencent Interactive Entertainment Group (IEG).
The division will eventually have more than 300 employees, two of the people said. Considering Tencent has been cutting costs and slowing hiring, that’s a “no small” scale. Of course, people familiar with the matter also pointed out that there is still uncertainty about the recruitment plan, because Tencent will adjust the number of employees in the division based on performance. (Source: Sina Technology)
Tesla “collects debts” from car owners: because it hasn’t driven 20,000 kilometers in two years
According to the report of “Jielan Road Consulting”, Tesla users have recently received notices of supplementary payment because they have not reached the total mileage conditions within the specified time and cannot obtain state subsidies.
Since the purchase price of the car was already the price after the subsidy was paid in advance by the manufacturer, Tesla sent a reminder letter to the user of the vehicle that did not meet the standard.
It is reported that the latest national subsidy policy issued in February 2018 requires that non-private users purchase cars and new energy vehicles require 2 years of driving, and the subsidy will be suspended for 2 years until the mileage meets the requirements before disbursement. Tesla’s first domestic Model 3 was delivered in 2020. In 2022, some models could not receive subsidies because they did not meet the standards. Tesla began to send letters to recover the money. Most other brands are self-digesting. (Source: “Financial World” Weekly)
Apple hires automotive software engineer in China
Apple has begun to deploy automotive R&D-related business in China, which seems to indicate that Apple is preparing to enter the automotive industry in a big way as a supplier.
According to information on Apple’s official website, Apple is currently recruiting automotive experience partner engineers in Beijing, Shanghai and Shenzhen. According to the job description, the role entails providing integration support for automotive partners and assisting developers with Apple’s system certification.
Apple says the role is an intermediary role between technical engineering and project management, responsible for providing technical design and development guidance, handling certification records for the entire car experience program (including CarPlay, car keys in Wallet) and promoting Apple and the global automotive industry Communication between projects. (Source: First Finance and Economics)
Samsung will supply Apple with 80 million iPhone 14 OLED panels
As Apple prepares to launch its iPhone 14 lineup in the fourth quarter of this year, a new report claims that Samsung will once again fulfill a huge percentage of OLED panel orders for one of its most lucrative customers. Apple had earlier invited Samsung, LG and BOE to mass-produce iPhone 14 displays. Unfortunately, BOE will not be part of the team for the time being due to design changes, as it was previously caught modifying the design without authorization, according to ET News.
According to industry sources, Samsung will provide Apple with 80 million OLED panels for the iPhone 14, of which 38.17 million belong to the lower-priced iPhone 14 and iPhone 14 Max (or iPhone 14 Plus). Both phones are expected to feature LTPS technology, not LTPO. (Source: cnBeta)
IT giants like Twitter and Meta face Japanese government fines
The Japanese government is reportedly preparing to fine foreign IT giants such as Twitter and Facebook parent Meta for failing to set up their overseas headquarters in Japan as required. Previously, Japan’s Ministry of Internal Affairs and Communications and the Ministry of Justice had asked 48 overseas IT companies, including Twitter, Meta and Google, to register their overseas headquarters in Japan before the end of March this year.
The Japanese government believes that without such registration, it is difficult to understand the business activities of these technology companies, and it is difficult to determine how much tax is levied on them, because these technology companies can provide services through the Internet anywhere in the world, even without a physical office. (Source: Sina Technology)
Samsung launches ViewFinity S8 series 27/32-inch high-resolution monitors
Samsung Electronics has just launched the new ViewFinity S8 series of high-resolution monitors for creative professionals, and is available in 27/32-inch models. For graphic designers and content creators, ViewFinity S8 brings consistent precision to their entire workflow. In addition to UHD-level UHD resolution, the factory-calibrated IPS panel covers 98% of the DCI-P3 color gamut and is VESA DisplayHDR 600 certified.
Whether it’s a 27- or 32-inch model, the ViewFinity S8 series of high-resolution monitors are also PANTONE Validated, meaning they are capable of 2200+ colors online / an additional 110 skin tones. (Source: cnBeta)
AMD official announcement: Zen3 thread tearer enters the DIY retail market by the end of the year
In early March, AMD officially released the Ryzen Thread Tearer PRO 5000WX series based on the Zen3 architecture, but only for the professional workstation market, and it was first released and exclusively by Lenovo ThinkStation P620. Later, the Dell Precision 7865 workstation was added.
Recently, AMD officially announced that starting in July, system integrators around the world will provide complete equipment based on the Threadripper PRO 5000WX series, including 5995WX with 64 cores and 128 threads, 5975WX with 32 cores and 64 threads, and 24 cores and 48 threads. 5965WX. At the end of this year, a new generation of thread-rippers will enter the DIY retail market. (Source: Fast Technology)
Human’s first ‘cyborg’ dies after 5 years of battling ALS
On June 15, 2022, the world’s first true cyborg, Peter Scott-Morgan, died at the age of 64 after five years of battling the disease. “He couldn’t be more proud of all those who supported him and his vision of changing the way people looked at disability,” Peter’s family tweeted.
In November 2017, Peter was diagnosed with the same disease as Stephen Hawking – atrophic lateral sclerosis (commonly known as ALS), and doctors predicted that he had only two years to live. This condition causes all parts of the body to stiffen and “die”, even the muscles that support breathing and swallowing, and eventually the whole body freezes.
At that time, robot scientist Peter made a bold decision – to replace all his organs with machines. Peter said, “I will continue to evolve. As a human, I have died. In the future, I will continue to live as a cyborg.” (Source: The Paper)
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