China Unicom and Tencent set up a new mixed-ownership reform company, not a new round of mixed-ownership reforms
According to the “List of Unconditional Approval of Business Concentration Cases from October 17, 2022 to October 23” released on the official website of the State Administration for Market Regulation on October 27, China Unicom Innovation Venture Capital Co., Ltd. and Shenzhen Tencent Industrial Venture Capital Co., Ltd. The joint venture case was unconditionally approved, and the trial was concluded on October 18.
According to the relevant public information, the new joint venture between China Unicom and Tencent will be mainly engaged in content distribution network (CDN) and edge computing business. After the transaction is completed, China Unicom Ventures and Tencent Industrial Investment will jointly control the joint venture, and China Unicom Ventures, Tencent Industrial Investment and relevant employee stock ownership platforms will hold 48%, 42% and 10% of the equity of the joint venture respectively.
The relevant person in charge of Tencent said that the cooperation was discussed in 2017, and it was not a new round of mixed reform measures. This cooperation can be traced back to an official announcement released by Unicom in October 2017 titled “China Unicom’s Mixed-Owned Reform and Tencent Make Great Steps to Comprehensively Launch In-depth Cooperation in Cloud Computing, Network Services and Other Fields”. (Source: Finance)
Apple XR equipment may be put into production in the first quarter of next year. The supply chain is continuing to verify and test
According to Taiwan’s Digitimes report today, Apple is now “carefully crafting” its first XR/AR headset. The device, code-named N301, is expected to enter mass production by the end of the first quarter of 2023. It is rumored in the industry that Apple requires institutional factories to assemble and produce with semiconductor clean room specifications. The supply chain revealed that the enhanced display (XR) device named N301 will be finally assembled exclusively by Pegatron and is expected to be mass-produced by the end of the first quarter of 2023.
The report pointed out that the supply chain is now continuing to carry out verification testing of the device. Apple is even more willing to spend a lot of money, and also requires the supply chain to cooperate with its own requirements-even assembly needs to use a semiconductor clean room production line to avoid dust affecting production. (Source: Taiwan Electronic Times)
Amazon’s stock fell for 5 consecutive days, market value fell below $1 trillion for the first time in two and a half years
On Tuesday, local time in the United States, Amazon closed down 5.52%, falling for five consecutive trading days and closing at its lowest level since April 2020. This is also the first time in more than two years that Amazon’s market value has fallen below $1 trillion, falling out of the “trillion-dollar company club”.
According to the data, the stock closed at $96.79 in U.S. stocks on Tuesday, and has fallen 42% this year. According to the closing price of the day, Amazon’s market value is $987.4 billion.
It is reported that much of the weakness in Amazon’s stock was affected by the third-quarter earnings report, on the one hand, the report showed a slowdown in AWS cloud computing revenue growth. In addition, Amazon said in its fourth-quarter forecast that revenue growth during the holiday season will be the slowest in its history, with sales rising only 2% to 8% this year during the traditional peak season, well below analysts’ expectations. (Source: Techweb)
Meta ramps up NFT promotion: Instagram creators can sell NFTs directly to fans
On Wednesday, Meta said that creators on Instagram will be able to make and sell their own NFTs — digital assets representing art or images that cannot be replicated — directly to followers on and off the platform. Instagram already allows users to display NFTs on their pages.
This marks the largest promotion of a social media platform in the NFT space. Competitor Reddit launched collectible avatars in July and has received overwhelming response — nearly 3 million users currently hold the digital assets. That number exceeds the 2 million buyers on OpenSea, the largest NFT marketplace, according to blockchain analytics firm Dune.
In July, Meta fintech director Stephane Kasriel said the company’s focus on digital collectibles is part of a strategy to attract influencers and their fans to its platform.
Last week, Apple expanded its 30% commission on in-app purchases to NFT products. Meta said any apps sold via in-app purchases on Apple or Google devices will be charged a 30 percent platform fee. Meta has previously clashed with Apple over the so-called “Apple tax.” (Source: IT House)
SHEIN will open its first offline store in Tokyo, Japan
SHEIN’s first offline physical store will open on November 13 in Cat Street, Harajuku District, Tokyo. It is SHEIN’s first long-term offline physical store in the world. The store does not sell products directly, but for customers to try on and view products, and scan QR codes to buy online. The store covers an area of about 200 square meters and will have three fitting rooms and a photo booth. It may also hold fashion shows or designer events in the future.
At present, SHEIN’s offline stores are not aimed at direct sales, but use the offline space to carry out marketing and link with online to attract consumers. SHEIN has opened offline pop-up stores in London, New York, Dubai and other places around the world, and recently opened a limited-time store “SHEIN POPUP OSAKA” in the Shinsaibashi area of Osaka, Japan, operating from October 22, 2022 – 2023 On January 27, about 800 items including men’s and women’s clothing, household pet supplies, etc. will be displayed.
Japan is not the main market of SHEIN, and Europe and the United States are still the main force in terms of GMV, followed by the Middle East. The offline physical store in Tokyo or the single-point breakthrough strategy of SHEIN in the Japanese market will not be ruled out as a pilot for SHEIN to expand more offline scenarios in the future. (Source: 36 Krypton)
Tesla’s first store in China is closed, and sales and service strategies face adjustments
Tesla closed its experience store at Parkview Green, an upscale shopping mall in central Beijing, late last week. The Tesla Parkview Green Experience Store was opened in 2013, and Tesla started the online ordering and offline experience sales model. Since then, this model has spread rapidly in China, and has caused other new power brands to follow.
The Tesla Fufangcao Experience Store was renovated and expanded in 2018. The closure of the first store in China may have some symbolic significance for Tesla’s sales and channel expansion model in China. After the Parkview Green Fangcao experience store was closed, according to Tesla’s official website, there are currently 17 experience stores in Beijing.
In September, some foreign media reported that Tesla is re-evaluating its sales methods in the Chinese market, considering closing some shopping mall showrooms in cities such as Beijing, and will pay more attention to lower-cost suburban stores that can provide maintenance services. At that time, Tesla responded that domestic sales channels were still in a normal expansion rhythm. (Source: Interface News)
Jia Yueting sues LeTV over loan dispute
Recently, LeTV Holdings (Beijing) Co., Ltd. has added a new court announcement. The plaintiffs are Jia Yueting and others. The cause of the case is a loan contract dispute . The case will be heard in the Shanxi Provincial Higher People’s Court on November 29.
LeTV Holdings (Beijing) Co., Ltd. was established in 2011. Jia Yueting holds 92.07% of the shares as the actual controller. At present, the total executed amount of the company is about 2.758 billion yuan .
The Beijing No. 1 Intermediate People’s Court held a public auction of 908 trademarks under the name of LeTV Holdings (Beijing) Co., Ltd. on the Jingdong online judicial auction platform from October 10th to 11th, but the auction was passed because no bids were made. end.
On the evening of September 26, FF Faraday Future issued an announcement announcing that it had reached a final agreement with the company’s major shareholder FF Top (FF Global Partners) on financing and board reorganization. Sue Swenson, the current executive chairman, and Brian Krolicki, the former chairman (current director), will resign. Jia and his partner team have regained control of FF.
Jia Yueting said on Weibo, “This is another major inflection point for FF ” and will “full sprint for the mass production and delivery of FF 91 Futurist “. Previously, Faraday Future planned to complete the testing, verification and certification of the FF 91 electric vehicle in the fourth quarter of this year, and start mass production and delivery. Following the restructuring event, in an 8-K filing with the U.S. Securities and Exchange Commission ( SEC ), the company made it clear that it does not expect to begin deliveries of its first electric vehicle, the FF 91 , in the third or fourth quarter of 2022 . (Source: IT House)
The ranking of new cars in October changed again: significant polarization
Nezha Auto has been the top seller for four consecutive months after topping the list for the first time in July this year; however, the sales of NIO, Lili, Xiaopeng and Leapmotor all saw a month-on-month growth decline in October. Lai, Ideal has just exceeded 10,000 units, Leapmotor and Xiaopeng have not exceeded 10,000 units, and Xiaopeng has experienced a negative month-on-month growth in deliveries for four consecutive months.
In contrast, the new energy vehicle brands incubated by traditional car companies continued the growth trend in September in October – GAC Aian once again exceeded 30,000 vehicles, and the cumulative sales in the first 10 months exceeded 210,000 vehicles, which was completed two months ahead of schedule. Annual sales target of 200,000 units; AITO, a collaboration between Huawei and Celis, has exceeded 10,000 units for three consecutive months; Geely Automobile’s smart high-end electric brand Jikr has sold more than 10,000 units for the first time in that month.
The Passenger Federation stated that the epidemic in October was “multi-point, wide-ranging and frequent”, and the task of prevention and control was arduous and arduous, and the auto market was facing certain pressure. However, near the end of the year, new energy production capacity will be further released. Stimulated by the expiration of new energy state subsidies and local license policies, consumers will buy in advance at the end of the year, which will form a strong support for the overall auto market. (Source: Network Synthesis)
DJI releases DJI Mavic 3 Classic aerial photography drone, priced from 9288 yuan
DJI officially released the DJI Mavic 3 Classic, priced from 9288 yuan (aircraft only). The Mavic 3 Classic is equipped with the L2D-20c aerial camera customized in cooperation with Hasselblad. It has a 4/3 CMOS sensor that can achieve 12.8 stops of native dynamic range, f/2.8-f/11 variable aperture, and has up to 20 million pixels. The Mavic 3 Classic incorporates the Hasselblad Natural Color Solution (HNCS) and captures 12-bit color depth photos in Raw format.
The Mavic 3 Classic is compatible with the Mavic 3 series of batteries. Officially, it can hover for 40 minutes, and the flight time can be up to 46 minutes, increasing the actual effective shooting time. (Source: Network Synthesis)
“Avatar 2” Official Trailer Released: Return to Pandora on December 16
The official trailer and poster for Avatar: Ways of Water were released tonight. The film will be officially released on December 16.
Directed by James Cameron, starring Sam Worthington, Zoe Saldana, etc. The story takes place 14 years after the first film, and the male and female protagonists of the previous work have settled down and formed a family , the film centers around their children. The sequel will be a story about a family, the hardships parents go through to keep their family together and safe. In addition, James Cameron is afraid that the audience will forget the plot of the previous one, and decided to re-screen “Avatar” in North American theaters for two weeks starting from September 23. (Source: IT House)
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