News Highlights: SF Express responds to appearing at the U.S. election counting scene, etc.
Huawei HiAI trademark was squatted by partner Liangfengtai and sued the State Intellectual Property Office and lost the first instance
On November 5, the Beijing Intellectual Property Court recently announced a judgment showing that because the mobile computing architecture HiAI on its core chip was squatted by its partners, Huawei filed a lawsuit against the state after applying for trademark invalidation and did not achieve the expected results. Intellectual Property Office, lost the first instance.
HiAI is Huawei’s AI capability open platform for smart terminals. As a mobile computing architecture innovatively designed on the Kirin 970 chip, the system has been upgraded to HiAI 3.0, which supports the sharing of AI computing power among multiple terminals. According to the information of China Trademark Network, HiAI, as a category 9 commodity trademark, is still in the hands of Liangfengtai (Shanghai) Information Technology Co., Ltd. (hereinafter referred to as “Liangfengtai”). (The Paper)
Ant Group: Start the refund process on November 6, and return it before the 9th
Ant Group issued an announcement. The announcement shows that the issuer and co-lead underwriters will start the refund process on November 6, 2020, and the aforementioned funds will be returned on November 9, 2020. Shares subscribed by investors will be cancelled on November 6, 2020.
After the suspension of issuance, Ant Group will decide whether to restart the issuance and make an announcement in a timely manner based on full verification and evaluation of relevant post-meeting matters within the validity period of the approval for the registration of the initial public offering of shares.
Subsequently, the spokesperson of the China Securities Regulatory Commission responded to a reporter’s question and said that recently, the Shanghai Stock Exchange has made a decision to suspend the listing of Ant Group in accordance with the relevant regulations of the Science and Technology Innovation Board Registration Management Measures. Ant Group and the lead underwriter have reached an agreement through negotiation and plan to start the refund of A-share online and offline subscription funds and subscription funds paid by strategic investors on November 6, 2020. The CSRC recognizes the above-mentioned arrangements made in accordance with laws and regulations in order to protect the interests of investors, and will guide the Shanghai Stock Exchange, China Clearing Corporation and other entities to do relevant work, and has required relevant entities to uphold the principles of openness, fairness and impartiality to ensure smooth and orderly refunds. carry out. (NetEase Technology)
Alibaba’s second-quarter revenue was 155.06 billion yuan, a year-on-year increase of 30%
On November 5, Alibaba Group announced its results for the second quarter of fiscal year 2021: for the three months ended September 30, 2020, the group’s revenue was 155.059 billion yuan, a year-on-year increase of 30%; net profit was 47.09 billion yuan, compared with the same period last year. 72.54 billion yuan.
Revenue growth was primarily driven by strong revenue growth in retail commerce, cloud computing and Cainiao in China. As of the second quarter of this fiscal year, cloud computing revenue increased 60% year-on-year, and Cainiao revenue increased 73% year-on-year.
From the perspective of user data, in September 2020, the number of mobile monthly active users in Alibaba’s China retail market reached 881 million, continuing to consolidate its position as the largest consumer platform in China; not long ago, Alibaba Group disclosed at its 2020 annual investor conference that as of At the end of June 2020, its global annual active consumers crossed the 1 billion milestone.
SF Express responds to appearing at the voting site of the U.S. election
At present, the counting of votes for the 59th U.S. presidential election is still in progress. On November 4th, local time, SF Express appeared in the live broadcast of USA TODAY’s vote counting, which aroused heated discussions among netizens. SF International’s customer service stated that SF Express can only send goods from China to the United States, and temporarily does not support receipt and delivery within the United States.
Lei Jun: Xiaomi plans to recruit 5,000 engineers in 2021
On November 5th, the Xiaomi Developer Conference was held in the Xiaomi Technology Park Basketball Hall.
Lei Jun said at the meeting, “In 2020, Xiaomi has recruited 2,252 college students, including 1,470 with graduate degrees or above. In 2021, Xiaomi will recruit 5,000 engineers in ten fields, accounting for nearly 40% of Xiaomi’s current workforce. “
When it comes to Xiaomi’s current business model, Lei Jun said that Xiaomi’s model is “Internet + manufacturing”. (Lei Feng Network)
Tmall “responds” to Apple’s Tmall flagship store removing iPhone 12 series
On November 5th, a Tmall spokesperson suspected to have responded that the iPhone 12 series was removed from the Apple Tmall flagship store: brides must always have a red hijab, please look forward to 11.11.
Previously, the Apple Tmall flagship store removed the iPhone 12 and iPhone 12 Pro. At present, searching for “iPhone 12” and “iPhone 12 Pro” in Apple’s Tmall flagship store, there are no related products. Tmall customer service said that there are many users placing orders, and the products are temporarily off the shelves. It is recommended to order from the official website. (Titanium Media)
Kuaishou formally submits its IPO prospectus to the Hong Kong Stock Exchange
On the evening of November 5, Kuaishou officially submitted its IPO prospectus to the Hong Kong Stock Exchange. The prospectus shows that from 2017 to 2019, the company’s revenue rose from 8.3 billion to 39.1 billion yuan, and as of June 30, 2020, the company’s revenue was 25.3 billion yuan. In the first half of this year (as of June 30), 20 million people have earned income from Kuaishou. (interface)
ByteDance seeks financing at a valuation of US$180 billion, and will package Douyin, Today’s Toutiao, and Xigua Video to go public in Hong Kong
On the evening of November 5, according to Bloomberg, ByteDance is negotiating a round of financing with investors totaling $2 billion. After the financing is completed, ByteDance will be valued at US$180 billion. In addition, ByteDance seeks to promote the listing of some mature businesses in Hong Kong.
36Kr obtained more accurate news from people familiar with the matter. The three major businesses included in these “mature business” assets are Douyin, Toutiao, and Xigua Video. The reason is that listing these mature businesses in a package will help the market to give a higher valuation.
36 Krypton asked ByteDance to confirm the listing news, but has not received a response as of press time. Last Monday, 36Kr reported that ByteDance was considering promoting the Douyin business to be listed in Hong Kong alone. According to people familiar with the matter, Goldman Sachs and other investment banks have communicated with ByteDance about underwriting. At that time, the relevant person in charge of ByteDance responded that “some business listing plans are under consideration, but they have not yet been finalized.” (36Kr)
Hurun released the list of entrepreneurial leaders under the age of 30: the youngest person on the list is only 21 years old
Hurun Report released “2020 Hurun Under30s Entrepreneurial Leaders”. The average age of entrepreneurs on the list is 28 years old, with men and women accounting for 82% and 18% respectively. The youngest is 21-year-old Treelab CEO He Junxuan from the enterprise technology industry, followed by 22-year-old Deng Yuping, the co-founder of Bolite from the advanced manufacturing industry, who have raised a total of 26 million yuan. For the second year in a row, ZhenFund became the investment company with the largest number of projects on the list, and IDG Capital ranked second with 10. Sequoia Capital China and Tencent Investment tied for third place, investing in 7 companies on the list respectively. (36Kr)
Yitu Technology’s IPO on the Science and Technology Innovation Board was accepted, and it plans to raise 7.505 billion yuan
Yitu Technology Co., Ltd. (hereinafter referred to as “Yitu Technology”)’s application for listing on the Science and Technology Innovation Board has been accepted; Guotai Junan Securities is its sponsor.
According to the prospectus, Yitu Technology plans to issue no more than 364,071,360,000 shares this time, and plans to raise about 7.505 billion yuan. The company plans to use the raised funds for a new generation of artificial intelligence IP and high-performance SoC chip projects, an edge computing system project based on visual reasoning, a new generation of artificial intelligence computing system projects, a high-level visual intelligent computing platform project, and a new generation of voice semantics. Capacity platform projects and replenishment of working capital. (Titanium Media)
Cook accused of concealing slump in iPhone demand in China, Apple must face class action lawsuit
U.S. District Judge Yvonne Gonzalez Rogers ruled Wednesday that Apple must face a proposed class-action lawsuit from shareholders.
Shareholders have accused Apple CEO Tim Cook of concealing a slump in iPhone demand in China, costing investors billions of dollars. Rogers said shareholders led by a UK pension fund could sue over Cook’s comments on a Nov. 1, 2020, conference call.
Cook said at the time that “I wouldn’t put China in that category” despite Apple facing sales pressure in some emerging markets. On January 2, 2019, Apple unexpectedly lowered its quarterly revenue forecast by $9 billion, causing its stock price to drop 10% the next day, evaporating $74 billion in market value. (Phoenix Network Technology)
Qualcomm confirms that it has received a one-time payment of $1.8 billion from Huawei
On November 5th, according to the financial report shared by Qualcomm, Qualcomm earned $8.3 billion in revenue in the fourth quarter of 2020. Up 73% from the fourth quarter of 2019, Qualcomm’s strong performance was driven in part by 5G chips used in the iPhone 12 and other smartphones on the market.
In addition, Qualcomm also confirmed that it received a one-time payment of $1.8 billion from Huawei, but even without this revenue, Qualcomm’s sales increased by 35% over the same period last year.
Qualcomm said in July that its settlement and patent agreement with Huawei would generate about $1.8 billion in revenue, to be recognized in its fiscal fourth quarter. In addition, Qualcomm said that it has applied for a shipment license to Huawei, but has not received any response. The Financial Times reported earlier that Qualcomm and MediaTek were close to obtaining formal approval to resume supply to Huawei. (IT House)
Huawei sues 16 U.S. government departments for deliberately delaying the release of Meng Wanzhou case information
According to a report by the Canadian Broadcasting Corporation on the 4th, an indictment in the federal court in Washington, D.C., shows that Huawei has filed a lawsuit in the United States, accusing 16 departments of the US government of deliberately delaying the release of multiple documents related to Meng Wanzhou’s arrest. The documents include records of communications between various U.S. agencies related to the case, as well as communications between U.S. law enforcement officers and the Canadian Mounted Police and the Canada Border Services Agency before the arrests in Canada, which may prove to be behind the arrest of Meng Wanzhou. There are political motives.
According to the report, Huawei accused the Trump administration of preventing it from making information disclosure requests to at least 16 government departments and agencies, including the FBI, the U.S. Department of Justice, the Department of Commerce, the State Department and the Department of Homeland Security.
A lawyer for Huawei said there were signs that the U.S. wanted to “achieve political goals that have nothing to do with justice” through criminal charges against Huawei and Meng Wanzhou. The indictment lists a series of goals that the United States hopes to achieve through the arrest and extradition of Meng Wanzhou, including interfering with Huawei’s dominant position in the 5G market and increasing its leverage in trade negotiations with China. Huawei’s lawyers said the communications records may prove unreasonable to sue Huawei and Meng Wanzhou. So far, the indicted U.S. government agency has not responded.
Tesla Semi electric truck receives largest order yet
On November 5, it was reported that Tesla won a large order for its electric semi-trailer “Semi” from a truck rental company today, and it may be the largest order to date.
In 2017, Tesla released the Semi electric semi-trailer truck, which has so far not been mass-produced. But trucking company Pride Group Enterprise announced today that it has booked 150 Tesla Semi trucks.
Pride Group Enterprise also said it may increase the order to 500 units in the future. It is reported that Pride Group Enterprise has paid a deposit to Tesla. (Sina Technology)
Japan’s Toshiba to set up new joint venture to develop virtual power plant business
November 5 news, Japan’s Toshiba Energy Systems announced on the 4th that it will set up a new company “Toshiba Next Kraftwerke” within this month. The new company will develop a virtual power plant (VPP) business, which will centrally control solar power generation equipment located in multiple locations through IT technology, making it function like a power plant.
The new company will be a joint venture between Toshiba and the German company “Next Kraftwerke”, a world giant in this field. The capital is 180 million yen (about 11.44 million yuan). Decision rights Toshiba Energy Systems accounted for 51%, Next company accounted for 49%. (Titanium Media)
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