
We've picked out today's most important business news for you.
01 macro news
#Gold breaks through all-time highs! US$2,500 beckons, the bull market is far from over #
Some analysts believe that judging from the characteristics of the gold bull market and bear market, the gold bull market is far from over. The Federal Reserve launched quantitative easing at the end of 2008, and gold prices rose for more than two years. From March to June this year, the scale of the Federal Reserve's water release far exceeded that of the subprime mortgage crisis. Gold prices began to rebound in late March this year, and it has only been more than four months now. As of press time, spot gold has risen above the $1,950/ounce mark, rising about 0.4% during the day, setting another record high.
#2020 Fortune China 500: JD.com ranked 13th, Alibaba ranked 18th#
Fortune Chinese website released the latest Fortune China 500 ranking. The total operating income of the 500 Chinese listed companies on the list this year reached 50.5 trillion yuan, an increase of 11% from last year; the net profit reached 4.2 trillion yuan, an increase of more than 16% from last year. The rankings of two privately listed "Internet services and retail" companies, JD.com and Alibaba, have both improved, with JD.com rising 4 places to 13th and Alibaba rising 6 places to 18th. There are a total of 39 new and re-listed companies this year, among which Pinduoduo is on the list for the first time and ranks 321st with a total revenue of 30.1 billion yuan.

02 A big company that changes life
# Tencent plans to fully acquire Sogou, Sohu Sogou’s stock price both skyrocketed #
html In the early morning news of July 28, Sogou’s closing stock price surged 48% to US$8.51 on Monday. At the same time, Sohu’s stock price also increased on Monday. It surged 39.96% to $15.55. Sogou announced on July 27 that the company’s board of directors received a preliminary non-binding letter of proposal from Tencent, which proposed to acquire all of Sogou’s existing shares for US$9 in cash per ordinary share or ADS (American depositary shares). The issuance of common shares, including the issued common shares of Sogou on behalf of the ADSs. If the proposed transaction can be successfully completed, Sogou will become an indirect wholly-owned subsidiary of Tencent, and Sogou ADS will be delisted from the New York Stock Exchange and become a privately held company. Sogou responded: Thank you Tencent for recognizing Sogou’s value, technical capabilities, and product innovation capabilities. Next, relevant matters will be carefully discussed and measured so that Sogou can continue to create greater value for users.
#Bilibili launches "Must Cut" App#
Recently, Bilibili released an App called "Must Cut". Its product positioning is aimed at young people and has high-definition screen recording and rich editing functions. video editing tool. At present, "BiJi" has been launched on iOS and Android. Its developer is Shanghai Bilibili Animation Co., Ltd. According to Tianyancha, the company registered "BiJi" and "bcut" in June this year. and other related trademarks, the company’s suspected actual controller is Chen Rui, chairman of Bilibili Danmaku.com.
#Byte AI Vice President Ma Weiying resigned and will join the Tsinghua Zhang Yaqin team #
html On July 27, it was reported that ByteDance Vice President and Director of the Artificial Intelligence Laboratory Ma Weiying resigned, and his next stop will be to work for Tsinghua University Intelligence He served in the Industrial Research Institute and joined the team of former Baidu President Zhang Yaqin who was preparing the Industrial Institute. Ma Weiying's work base is in the United States. As ByteDance's nearly leading AI talent, Ma Weiying's resignation may be related to AI engineering problems and the impact of TikTok's business in North America. Regarding Ma Weiying's resignation, Bytedance responded: "Based on his own interests, Ma Weiying chose to engage in talent training and scientific research-related work at Tsinghua University. He will also continue to serve as Bytedance's technical consultant." (Tech Planet)
# Facebook sues European Commission: Says its data request goes beyond necessary #
Facebook said on Monday it was suing the European Commission for asking the company to provide more information than necessary during its investigation of Facebook's data and markets, including very personal details. information. Facebook has faced scrutiny from the European Commission since last year, including an investigation focusing on its vast amounts of data.
#After banning 59 Chinese apps, India will censor another 275 Chinese apps#
According to a report by India's "Economic Times" on July 27, people familiar with the matter revealed that India will censor another 275 Chinese apps (Apps). Review to determine whether there is any behavior that harms India’s national security and violates user privacy. These applications include: Tencent's game "PlayerUnknown's Battlegrounds" (PubG), Xiaomi's short video application Zili, Alibaba's online shopping application AliExpress, and ByteDance's music streaming application Resso and camera application ULike, etc. .
#After banning 59 Chinese apps, India will censor another 275 Chinese apps#
According to a report by India's "Economic Times" on July 27, people familiar with the matter revealed that India will censor another 275 Chinese apps (Apps). Review to determine whether there is any behavior that harms India’s national security and violates user privacy. These applications include: Tencent's game "PlayerUnknown's Battlegrounds" (PubG), Xiaomi's short video application Zili, Alibaba's online shopping application AliExpress, and ByteDance's music streaming application Resso and camera application ULike, etc. .