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core news
1, former Baidu senior vice president Xiang Hailong established Longzhong Xinyi Fund, completing the first round of 200 million yuan in fundraising
html On the morning of November 9, former Baidu senior vice president Xiang Hailong exclusively confirmed to 36Kr that the Longzhong Xinyi Fund founded by him has now completed the first round of 200 million yuan in fundraising, with a scale of 200 million yuan, and will focus on angel investment in the toB direction. Xiang Hailong told 36Kr that the fund sources of funds are not owned funds, but he did not disclose the composition of LP. In addition to the first phase of the fund, the second phase of the fund will also start raising funds in the second half of 2020.Xiang Hailong announced his resignation from Baidu on May 17, 2019. He was the senior vice president of Baidu, president of Baidu search company, and general manager of SSG. In 2001, Xiang Hailong founded Shanghai Qilang Network Technology Co., Ltd., which later became the general agent of Baidu bidding ranking in Shanghai. It is the most powerful agent in Baidu's channel system. It was acquired by Baidu in February 2005, and Xiang Hailong joined Baidu.
After resigning from Baidu, Xiang Hailong established a new company called "Beijing Longzhizhong Technology Co., Ltd." in August 2019. He owns a shareholding ratio of up to 90% and serves as the company's legal representative and manager. Industrial and commercial information shows that the registered capital is RMB 10 million, and its business scope is computer technology development, computer system services; application software services; enterprise management consulting; economic and trade consulting; cloud computing center (PUE value below 1.4); market research; design, production, agency, and advertising.
In September 2019, Xiang Hailong revealed to the media that since July 2018, when he was still in Baidu, he had started to invest in personal angels and had invested in more than 20 companies, including Zhongmeng, Spark Thinking and other projects.
36Kr also consulted many government attributes and market-oriented LPs. They all said that "has not heard of Xiang Hailong raising funds in the market before, but they all expressed interest in the new fund. But there is also a leading mother fund who believes that although Baidu's executive background is precious, the resources of the old boss after leaving the company are no longer closely related to it. Whether to invest or not, it still depends on Hailong and its new fund's understanding of the industry and its deep dive in the to B field. (36Kr)
2 and Eggshell Apartment will be listed on New York Stock Exchange next Friday: raised US$175 million, and 2/3 of them have been subscribed to
According to IPO early news, long-term rental apartment service Eggshell Apartment updated its F-1 prospectus to U.S. Securities and Exchange Commission (SEC) on January 8, Eastern Time, and is expected to be listed on the New York Stock Exchange under the stock code "DNK" on January 17.
This also means that Eggshell Apartment will become the second domestic long-term rental apartment service provider to be listed in the United States since Qingke Apartment . On November 5, 2019, Qingke Apartment was listed on Nasdaq under the stock code "QK". The issue price is US$17 per share of ADS, and the fundraising scale is US$45.9 million. As of the closing in the early morning of January 9, Qingke Apartment reported at US$12.45 per share, down 26.8% from the issue price, and its current market value is US$591 million.
Eggshell Apartment will issue a total of 10.6 million American depositary shares (ADS), each ADS is equivalent to 10 Class A common shares. The planned issuance range is US$14.5 to US$16.5 per ADS. Based on the upper limit of this issuance range, Eggshell Apartment's fundraising scale is at most US$175 million. Citigroup , Credit Suisse and JPMorgan serve as joint lead underwriters, Tiger Securities has become a sub-underwriter, and the underwriter shares an over-allotment right of 1.59 million shares of ADS.
In addition, the updated prospectus mentioned that some major shareholders of Eggshell Apartment are interested in purchasing up to US$55 million in ADS at the IPO price, and other strategic investors are also interested in purchasing up to US$60 million in ADS.
It is worth mentioning that before officially submitting the form to the SEC, Eggshell Apartment had just received a US$190 million Series D financing from the Chinese Cultural Industry Investment Fund and Chunhua Capital.
3 and LG display CEO revealed that it will expand the production capacity of OLED panels and supply the automotive and aircraft manufacturer
html on November 9th. According to foreign media reports, LG, a panel company under LG, showed that its performance in 2019 was not ideal, with continuous losses in the first three quarters, and its annual losses are expected to reach a record 1 trillion won.In order to reverse the unfavorable situation of continuous losses, LG began to make corresponding adjustments in the third quarter of last year. CEO Jeong Ho-young, who took office in September, hoped to get rid of the dilemma of continuous losses. He has revealed that he will expand the production capacity of OLED panels. Zheng Haoyong revealed at a press conference before the 2020 International Consumer Electronics Exhibition held in Las Vegas that they will expand the production capacity of OLED panels.
LG display plans to improve profitability by expanding the production capacity of OLED panels because they believe that demand for OLED panels is increasing in areas such as transportation and interiors.
Zheng Haoyong said at the press conference that the sales of OLED panels in the transportation field, including aircraft and automobiles, can reach 30% of the sales of all OLED panels. Automobile and aircraft manufacturers have also shown interest in adopting OLED panels, which is a rapidly growing field and has huge development potential.
LG display company has also begun to expand their business in the transportation field. Zheng Haoyong revealed at the press conference that they had begun supplying OLED panels to a global automaker in January, and cars that use OLED panels may be launched in the second quarter.
LG shows that it continued to lose money last year, mainly due to the oversupply of global LCD panels and the decline in prices. LG has begun to make corresponding adjustments to LG Display last year. Zheng Haoyong, who was originally the CEO of LG Chemical, was also transferred to LG Display and became CEO in the adjustment in September last year.
Against the backdrop of oversupply of LCD panels and falling prices, LG Display has also begun to turn its attention to the OLED field. They have announced that they will stop producing LCD TV panels in South Korea by the end of this year. This panel will be handed over to domestic factories in the future, but they have no plans to turn South Korea's LCD TV panel production line to OLED.
Instant Message
1, WeChat : You can expand the number of friends by adding "chat only" friends
html On November 9, the 2020 WeChat Open Class PRO was held. Tencent Senior Executive Vice President and President of WeChat Business Group Zhang Xiaolong said that there are nearly one million people now close to 5,000 friends, which prompts WeChat to expand the number of friends.In this regard, the WeChat team also officially stated that as people's social scope expands, users' demand for increasing the number of friends is becoming stronger and stronger. In order to help users manage social relationships more efficiently, WeChat tries to use a new way to meet users' needs. As long as you update to WeChat 7.0.9 and above, you can expand the number of friends by adding "chat only" friends.
2, China Mobile starts 5G SA core network equipment centralized procurement, with a total budget of over 2.54 billion
html On November 9, China Mobile launched the 2020 5G SA core network mobile user data equipment centralized procurement, and will purchase four-integrated UDM/UDR equipment and NFV virtual layer equipment from 17 cities across the country (including virtual layer software, SDN software and hardware, management and orchestration NFVO+ and system integration), and IWF interoperability gateway equipment from 8 major regions across the country.3 and Nokia have reached 63 commercial 5G contracts worldwide
Nokia (Nokiah) announced that it has reached 63 commercial 5G contracts worldwide, making Nokia a global leader in the delivery of "end-to-end" 5G solutions. The main customers of these 5G contracts include ATT, T-Mobile US, Verizon, Sprinttml9 in the United States, NTT DOCOMO, KDDI, SoftBank in Japan, Korea Telecom, SK Telecom, LG Uplus in South Korea, O2 Vodafone Italy in Europe, etc.Nokia also announced that among the 5G patent family owned by the company, there are more than 2,000 patents that are essential for 5G
4 and Lenovo Liu Jun: folding screen Razr was released in China in the second quarter and will support 5G
html on the morning of November 9th. During CES 2020, Liu Jun, executive vice president of Lenovo Group and president of China, revealed in an interview with media including Sina Technology that the folding screen mobile phone Moto Razr may be released in the Chinese market at the end of the second quarter of this year.Moto Razr was released in the US market in November 2019 by Lenovo. Yesterday, Lenovo Group Chairman and CEO O Yang Yuanqing confirmed that the release of this product in the US market has been delayed due to market demand and supply issues. Liu Jun said that Moto Razr may be released in the Chinese market at the end of next quarter. One is to launch 5G functions in China first; the other is to fold the reliability to reach 100,000 times.
For the folding screen products on the market, Liu Jun believes that compared with the left and right folding of Huawei and Samsung, the up and down folding design of Moto Razr is more in line with users' usage habits and needs.
5, Alipay collects five blessings starting next Monday: the total prize is 500 million yuan, and the grand prize is to help the whole family and the whole year Huabei
html. On November 9th, Alipay announced the 2020 Five Blessings gameplay. It is reported that this year's Five Blessings event will start at 0:00 next Monday (January 13). Consumers collect five lucky cards and can share a bonus of 500 million yuan on New Year's Eve. Guan Hua, product manager of, said that in addition to Jifu's dividends, a new "family portrait" card will be added this year. According to reports, this year's "Family Photo Card" was upgraded based on the "Flower Card", which means "the blessings spread to thousands of families". The winning rights have also been upgraded from "helping individuals to pay Huabei for the whole year" to "helping the whole family to pay Huabei for the whole year".
6, China cloud service enterprises' renewable energy performance rankings: Qinhuai Data leads, Alibaba breaks through the passing line
International environmental protection organization Greenpeace and North China Electric Power University released the "Green Cloud 2020: China Internet Cloud Service Enterprise's renewable energy performance rankings", sorting out the actions of China's 15 leading Internet cloud services and third-party data center companies to respond to climate change and transform to 100% renewable energy. Among them, Qinhuai Data is the first company in China's Internet technology industry to propose the "100% renewable energy transformation goal" to lead the list. Alibaba broke through the passing line and led the total score of , Tencent , Baidu, Wanguo Data and other companies.
7, HP once again rejected the offer for Xerox
HP (HP) once again rejected the offer for Xerox voluntarily, saying that the potential transaction "seriously underestimated" the company's value. Xerox said on Monday it has secured $24 billion in financing for the acquisition of HP. But HP made it clear in a letter to Xerox CEO Wednesday that this is "not the basis of discussion." HP has rejected Xerox's acquisition offer many times, saying that its restructuring plan will provide shareholders with greater value.
8, BlackBerry announced that it would cooperate with AWS to launch an interconnected car software platform for in-vehicle applications
BlackBerry announced that it would cooperate with AWS (Amazon Network Services Company) to jointly launch an interconnected car software platform for in-vehicle applications. The platform combines the functional security and network security of the BlackBerry QNX real-time operating system with AWS cloud and in-vehicle IoT services, which can help automakers obtain data from vehicle sensors and develop software applications and machine learning models for interconnected, electric and autonomous vehicles.
9. Panasonic home appliance business will take 5 or 10 years to turn to the Chinese market
Panasonic president Ichihiro Tsuga said that the decline in the proportion of home appliances in the U.S. business is about to reorganize again. He also said that the home appliance business will take 5 or 10 years to turn to the Chinese market. Tsuga said that by withdrawing from the TV business and expanding its business for legal persons, the proportion of home appliances in U.S. sales has dropped to less than 5%. Regarding the possibility of moving the home appliance business headquarters to China, Tsuga said that it is not simply to relocate the business department. It is the basic way to naturally improve organizational capabilities and make a move in the process of developing in the Chinese way.
10, suing , Google to steal technology, Sonos CEO will go to the US Congress to attend a hearing
smart speaker company Sonos officially sued Google for stealing its technology, a day after the head of antitrust of the US House of Representatives invited the company to attend a public hearing to state his views. The hearing is scheduled to take place on January 17, which will be the fifth part of the House Judiciary Committee’s antitrust investigation against large tech companies. Sonos CEO Patrick Spencer will go to the University of Colorado Law School to attend the hearing with PopSockets founder and CEO David Barnett.
11 and . Zume, a robot startup supported by SoftBank Group, will lay off 360 employees, .4
. Zume, a robot startup supported by SoftBank Group, will lay off 360 employees, accounting for about 50% of its total employees. In addition, the company will close its robotic pizza delivery business and focus on food packaging. This is another setback for SoftBank Vision Fund. SoftBank invested $375 million in Zume in 2018, when the startup was valued at $1 billion.
12, Sony Electric Vehicle Vision-S released
As a technology and entertainment company, Sony brought an electric car at this year's CES, which became the biggest surprise and surprise at this global consumer electronics show. Although Sony has made it clear at the press conference that Sony will not get involved in the mass-produced car industry, at least in the short term, it will be difficult for you to sell electric cars built by Sony, its emergence represents an attitude and trend. Sony has begun to pay attention to the automotive technology industry. On the one hand, it indicates that Sony has excellent ability to create and provide upstream channel parts. On the other hand, it also shows that in the current environment of 5G support, cutting-edge automotive technology will become a field where large global technology companies concentrate their efforts for a period of time.
13. JPMorgan Chase has applied to obtain the controlling stake in its futures joint venture in China
JPMorgan Chase has applied to obtain the controlling stake in its futures joint venture in China. This move comes as global investment banks are entering the new opening of China's financial markets. The Wall Street investment bank currently holds a 49% stake in JPMorgan Futures, Guangdong. The company has submitted an application to China Securities Regulatory Commission , hoping to obtain a majority stake in JPMorgan Futures. UBS (UBS), the only global investment bank that holds a stake in Chinese futures companies, acquired 100% ownership of its Shanghai-based futures companies in 2016.
14. Airbus will increase production of US-made A320 narrow body jet passenger aircraft
1 Airbus said Thursday that the group will increase production of US-made A320 narrow body jet aircraft at its Mobile factory in Alabama. By early 2021, the plant's production will increase from the current five aircraft per month to seven aircraft per month. Earlier, U.S. authorities announced that tariffs would be imposed on European-made aircraft, which could push up the cost of U.S. customers buying aircraft from the European manufacturer. The total production of Airbus A320 series aircraft at four plants will reach 63 per month by mid-2021 after the Mobile plant increases production.
15, DuPont, U.S. , DuPont, decided to invest $280 million in South Korea by 2021 to produce photoresist and other materials
DuPont, U.S., has decided to invest $280 million in South Korea by 2021 to produce photoresist and other materials. This move will help reduce South Korea's serious reliance on key chip materials produced in Japan. DuPont will invest in two existing factories in South Korea and build a new factory.
16, Japan Showa Denko announced that it will increase the production capacity of semiconductor and display materials
Japan Showa Denko announced that it will increase the production capacity of semiconductor and display materials. The company will invest a total of about 3 billion yen to introduce new equipment at existing factories in Shanghai and Taiwan. Materials targeting increased demand from the next generation of communication standards 5G and organic EL will increase supply capacity locally where electronic products are gathered as customers.Showa Dento will build a production increase system for two products: "nitrogen oxide" that forms the oxide film material "nitrogen oxide" that forms the surface of semiconductors and display screens, and the special gas "octafluorocyclobutane" used for micro-processing of oxide films.
17, Macy's plans to close 29 stores to improve profitability
US retail giant Macy's said on Wednesday it plans to close 29 stores to improve profitability and focus on those most profitable stores. The stores planned to be closed include 28 Macy's and a Bloomingdale's department store, mostly located in the eastern half and northwest of the United States. Macy's current market value is about $5.6 billion, only about a quarter of the peak of $24 billion that it once reached in 2015. The company now has a market capitalization even lower than the real estate assets it owns, which are worth about $19 billion. In 2019, Macy's stock price plummeted 45.60%, making it the worst-performing retail stock in the S&P 500.
18. McDonald's announced on Wednesday that it will expand its artificial meat burger trial launch program in Canada. McDonald's announced on Wednesday that it will expand its artificial meat burger trial launch program in Canada, with artificial meat patties supplied by Beyond Meat, known as the "first stock of artificial meat". Last September, McDonald's announced that it would be the first to sell an artificial meat burger at 28 restaurants in , Ontario, Canada. Now, the company plans to expand its trial launch to 52 restaurants starting January 14 and extend the time by three months. The day after Beyond Meat's rival Impossible Foods announced that it would no longer try to work with McDonald's because existing capacity cannot meet the huge demand that could arise.
