[Titanium Media Integration] The earnings season is approaching, and the US stock market fell for the second consecutive trading day on Tuesday. The Dow It fell below the 17,000 point mark, and technology stocks were sold. Chinese concept stocks except AutoNavi Software and AsiaInfo Technology barely closed up, other stocks all fell, 58.com fell 8.80%.
At the end of last month, 58.com and Tencent Holdings jointly announced that Tencent had invested 736 million US dollars to obtain a 19.9% share of 58.com after fully diluted.
This move continues Tencent’s M&A model, which is to make strategic shares in other Internet companies without direct acquisition. Tencent subsequently integrated the business of its strategic partners with its own related assets, and exerted synergies through its core social network.
This transaction will also help 58.com to transform into a mobile terminal strategy. Yao Jinbo's most valued mobile Internet portals such as Tencent's QQ, WeChat, and browser. Talking about Tencent's help to 58.com, he stated that there are two factors: First, Tencent does have a lot of traffic, both on the PC and on the mobile side, occupying the entrance. The second 58 is a website that has no social relationships. It introduces Tencent's social relationships in the hope of increasing trust.
After the completion of this transaction, Tencent and 58 will each other's priority partners in the field of local services. The two parties will use each other's platform advantages to jointly build the next generation of O2O local services.
Affected by the news of Tencent Holdings' shareholding, 58.com's share price once reached US$58.89, a record high.
According to the previous financial report released by 58.com, the company achieved operating income of 48.2 million US dollars in the first quarter of this year, an increase of 103.3% over the same period in 2013. This data also exceeds the market’s 43-45 million US dollars expected. In terms of profitability, 58.com achieved a profit of US$2.3 million in the first quarter of 2014, compared with a loss of US$4.7 million in the first quarter of 2013.
Titanium media excerpts:
Each team can prove their ability and verify their ideas by showing relevant evidence to investors. The evidence they provide must prove that their ideas can contribute to a sustainable and sustainable Expanded business model. We have developed an Investment Readiness Level (Investment Readiness Level) tool. Although this does not eliminate the judgment, pattern recognition skills and guidance of investors, it can fill in these areas neglected by investors.
——Silicon Valley Godfather Blanco talks about venture capital
The company’s previous mistakes were crowded tactics. In any organization, there are only a small number of truly creative and productive people and groups. Everyone's overall combat effectiveness is not how many people there are, but how many teams can make a living and come up with ideas.
——Chen Yizhou, founder of Renren.com
Nubia launches three new models of the Z7 series: 2K screen + dual card full Netcom
ZTE's positioning high-end mobile phone brand nubia (nubia) released a new nubia Z7 series mobile phone in Beijing on the 8th. The series includes nubia Z7, Z7 max and Z7 mini three products, of which Z7 uses 5.5 inches 2K screen, Snapdragon 801 processor, rear 13 million pixels, main camera, support 4G full Netcom dual card dual standby, Z7 is priced at 3456 yuan.
nubia Z7 is an upgraded version of the previous Z5S, with the iconic red circle lens on the back. The fuselage adopts an aluminum-magnesium alloy integrated frame. In addition to the metal material used for the surrounding frame, the Z7 button also adopts the process of secondary oxidation and milling. Nubia Z7 upgraded to 5.5-inch 2K sharp screen(2560*1440), it is also the first 2K screen to support RAM self-refresh. Nubia Z7 does not use Qualcomm Snapdragon 805 as rumored, but the current mainstream Snapdragon 801 quad-core processor, clocked at 2.5GHz, and equipped with 3GB of running memory and 32GB of body storage.
Samsung, Intel and Dell form an alliance to build a new standard for the Internet of Things
According to Reuters, Samsung Electronics, Intel, and Dell have jointly established a new Open Interconnect Consortium to fight against the AllSeen Alliance supported by Qualcomm, LG Electronics and other companies . These alliances are all to establish standards to help smart home appliances connect through the Internet of Things (IoT). Doug Fisher, general manager of Intel's software and services department, said that the framework developed by the new alliance can solve the security issues and other problems that the AllSeen alliance does not handle well.
Lei Jun's allotment of shares to all employees of Jinshan is "a daughter to buy bones"
Lei Jun, Chairman of the Jinshan Group recently released an internal mail, announcing that Jinshan will carry out a comprehensive reform, promote the implementation of various business subsidiaries, and implement the subsidiary management shareholding plan.
In an internal email, Lei Jun also stated that he would distribute all the 40 million shares of Kingsoft’s restricted shares that he received from working at Kingsoft for three years to Kingsoft employees. All official Kingsoft employees who were employed before July 6th, The two-year restricted shares of 1,000 shares per person are mature at one time in two years.
Cogobuy went public on July 18 in Hong Kong with a maximum financing of 1.54 billion Hong Kong dollars
Yesterday, the electronics manufacturing B2B e-commerce Cogobuy announced the submission of an initial public offering application to the Hong Kong Stock Exchange. The stock code is 00400. The IPO price range is from 3.20 Hong Kong dollars to 4.48 Hong Kong dollars per share, and the highest raised is 1.540 billion. Hong Kong dollar. The shares will be available for sale from July 8th to 11th, 2014, and trading will begin on July 18. The one-hand admission fee is HK$4525.15.
According to the prospectus, Cogobuy will offer 343.8 million shares globally, including 30942 million international offering shares, 34.38 million Hong Kong offering shares, and up to 51.57 million over-allotment shares, which is equivalent to the original 15% of the offer shares.
Escalation of Tesla trademark dispute: Chinese businessman Zhan Baosheng sues again
According to Bloomberg reports, Tesla Motors has been sued for trademark infringement in China, which has become the latest example of overseas companies facing difficulties in doing business in China. Zhan Baosheng had registered the Tesla trademark before Tesla entered the Chinese market. According to Bloomberg News's complaint filed in Beijing on July 3, he requested Tesla to close its car showroom, service center and supercharging facilities in China; stop all sales and marketing activities in China; and Pay him 23.9 million yuan (3.9 million US dollars) in compensation.
Jack Ma's investment transaction cited doubts: ambiguous with Ali's public and private interests
According to the Wall Street Journal, a series of transactions related to Jack Ma, the founder of Alibaba Group, has raised questions from corporate governance experts and investors. In at least one transaction, Jack Ma and his partners made investments on behalf of Alibaba through private entities.
Alibaba discussed the above issues in its latest IPO amendment on June 26, saying that Jack Ma sometimes invests on behalf of the company, and the company will limit his personal income from the transaction in some cases— -Either by transferring the proceeds back to Alibaba, or using the proceeds for charitable purposes.