1. Station B broke on the first day of listing, Chen Rui claimed that Buddhist entrepreneurship does not look at stock prices
Station B was successfully listed on Nasdaq with the trading code "BILI". Due to the general performance of technology stocks, Station B opened at US$9.8 on the first day of listing, and the lowest intraday price was US$9.62, down 16.3% from the issue price of US$11.50. But then the stock price continued to rise, closing down 2.26% at $11.24, with a total market value of $3.13 billion.
B station CEO Chen Rui said that the funds raised from the listing will be used in three parts: the first is to enhance infrastructure and increase bandwidth; the second is to improve the ecology of creators and invest more resources to nurture them , to enhance creator incentive plans to subsidies; the third is to increase investment in talents, especially talents in artificial intelligence, technology fields, high-level content planning and content operations.
Chen Rui issued an open letter to the majority of users, in which he said: "Regardless of whether it is listed or not, Station B has always been a Station B for all users. After listing, we will attract more investment from global investors. To provide users with better services, more exciting content and a creative community with a better environment."
2. Li Shufu, Chairman of Geely Group: Autopilot can't be rushed
On March 28, Li Shufu, Chairman of Zhejiang Geely Holding Group and Volvo Car Group, attended the 2018 International Conference on Intelligent Networking It was stated at the meeting that autonomous driving should not be rushed, but to seek truth from facts. In the future, self-driving cars sold in the Chinese market must conform to the driving habits of Chinese consumers and the road traffic environment.
Li Shufu expressed his views on the accident of self-driving casualties that occurred in Uber not long ago. “Autonomous vehicles are not going to be smooth sailing. We sympathize with the bereaved families of the victims of the death of an autonomous vehicle in the United States a few days ago. This accident reminds us once again that no matter how car technology evolves, safety is paramount. Importantly, the safety of self-driving cars is also doubly important.”
3. Tencent President Liu Chiping reduced his holdings of 1 million Tencent shares totaling more than HK$400 million
Tencent Holdings CEO Lau Chiping reduced his holdings of Tencent shares by 1 million shares at an average price of HK$434.3624 per share yesterday, or about more than HK$400 million.
A few days ago, Naspers, the largest shareholder of Tencent and the South African media and e-commerce group Naspers, reduced its holdings in Tencent for the first time in 17 years and sold about 2% of its shares; The $9.8 billion in the deal for 190 million Tencent shares (2% of its holding) will be used to bolster its balance sheet and fund growth.
4. Chuandi Di’s 2017 transaction volume totaled US$25-27 billion, with an overall loss of US$3-400 million
Didi Chuxing’s GMV (total transaction value) in 2017 reached 25-27 billion US dollars; the main business lost more than 200 million US dollars, and the overall loss was 300-400 million US dollars; in early March this year, Didi Chuxing It is expected that its main business will be profitable in 2018, the net profit is expected to be close to 1 billion US dollars, and the company as a whole "makes little money". Didi declined to comment on the data.
According to public information, Didi has raised 17 rounds of financing in the five years since its establishment, with a total financing of US$20 billion.
5. The net profit of iFLYTEK last year was 435 million, a year-on-year decrease of 10%
iFLYTEK disclosed2017 Annual Report. In 2017, the company realized an operating income of 5,444,688,147.38 yuan, a year-on-year increase of 63.97%; the net profit attributable to shareholders of the listed company was 434,675,994.14 yuan, a year-on-year decrease of 10.27%; basic earnings per share were 0.33 yuan per share. The company's 2017 profit distribution plan is: Based on the total share capital of 1,388,693,628 shares on December 31, 2017, a dividend of 1 yuan (tax included) for every 10 shares will be distributed to all shareholders, and the capital reserve will be converted into share capital for every 10 shares. 5 shares were transferred.
1. CEO of SoftBank Vision Fund: Will acquire 100 companies and then merge and grow
SoftBank CEO Masayoshi Son's plans for a Silicon Valley and global tech acquisition spree are starting to take shape, with his Vision Fund Chief Executive Rajeev Misra said the $100 billion fund will invest in another 30 companies over the next two years, having already invested in 30 in the past year or so. This comes after Son and Saudi Crown Prince Mohammed bin Salman announced a $200 billion solar power project. Misra said the fund's goal is to become the largest shareholder in 100 of the world's tech companies to create the world's largest ecosystem of tech companies.
Misra went on to say that the Vision Fund will push multiple companies to merge. SoftBank has invested in ride-hailing giants Uber and Grab and brokered their merger earlier this week. The fund's largest investments to date include Uber, ARM Holdings, Nvidia and WeWork. The fund itself is controlled by SoftBank, but investors include Saudi Arabia’s Public Investment Fund, the UAE’s Mubadala Investment Company, Apple, Foxconn, Qualcomm and Sharp, among others. Misra said the fund's strategy also includes investing in strategic transfer businesses outside its home market and linking them to assets in other countries.
2. Apple's "slowdown door" lawsuit has reached 59 or will be combined into a class action case
Apple deliberately delays the speed of the old iPhone The slowdown appears to have led to a record number of lawsuits, with at least 59 separate lawsuits to date. Local events in the United States On March 29, at a legal conference in Atlanta, the cases may be consolidated into a class action and a chief judge and trial court will be elected. Even the infamous "antenna gate" incident, in which the iPhone 4's antenna system somehow affected the phone's signal, attracted only about 20 lawsuits, with Apple paying a total of $315 million in settlements. Legal experts and analysts alike say the lawsuit is unlikely to succeed.
Apple has done enough after acknowledging the software changes to show it aims to improve the performance of users' phones, said Wayne Lam, a smartphone analyst at research firm IHS Markit. . However, even if Apple successfully defends itself, the case could still harm Apple. While legal experts say plaintiffs face an uphill battle, years of litigation over cellphone restrictions could force the classified company to disclose sensitive information about its software development process, analysts said. The lawsuits could also prolong the negative impact of a slowdown in Apple's phone sales. "It's a more dangerous and expensive brand damage for Apple," said Holger Mueller, a technology analyst at Constellation Research.
3. Zuckerberg plans to testify before U.S. Congress refusing UK parliament invitation
Facebook CEO Mark Zach Mark Zuckerberg plans to accept an invitation to testify before the U.S. Congress on the user data privacy dispute. Both the Senate Judiciary Committee and the House Energy and Commerce Committee want Zuckerberg to testify, and lawmakers want to know why the social network allowed the data of about 50 million users to be used to influence the U.S. presidential election. The House of Representatives said Zuckerberg had agreed to testify and was negotiating with Facebook about the timing of his testimony. But Facebook has not confirmed this, saying only that it has received an invitation to testify in Congress and is communicating with lawmakers.
4. Daimler and BMW to merge car-hailing and car-sharing businesses
Auto giants BMW and Daimler announced , plans to merge their respective urban mobility business units, including on-demand services such as car-sharing, ride-hailing, parking, charging and multimodal transport. The famous car brands of these two German car companies include Mercedes-Benz, Rolls-Royce, Mini, BMW and so on. In recent years, however, both parties have been investing in their respective urban mobility services. Daimler, for example, acquired the Uber-like app MyTaxi in 2014 through its subsidiary Moovel and now has millions of users in dozens of European cities. MyTaxi merged with Hailo, a UK-based etaxi company, before acquiring Greek rival Taxibeat. Daimler also bought ride-hailing company Flinc and invested in other mobility startups, including electric-car battery company StoreDot and ride-hailing company Careem. Mercedes-Benz formed a joint venture with U.S.-based Via last year to launch a new ride-sharing service in Europe. Elsewhere, BMW has launched its own car-sharing service in many U.S. cities, while offering a similar DriveNow service in Europe.
The global urban mobility scene is heating up, with companies like Uber and Google developing self-driving vehicles and various on-demand services. That's why BMW and Daimler seek to share resources, and they need to compete more effectively to avoid being overtaken by the likes of Uber. The merger is subject to approval by antitrust regulators. If approved, both parties will receive a 50% stake in the new business. It will form a potentially powerful force in the transportation sector as competition intensifies around the world.
5. The executive of Uber's self-driving truck project left and was the co-founder of Otto
The fallout from the fatal crash of a self-driving car at ride-hailing giant Uber could extend to its leadership. Lior Ron, co-founder of driverless truck startup Otto and co-founder of Uber’s trucking division, has left the company, sources said. While it's unclear why he left, the decision was apparently made days after the Arizona crash. Uber declined to comment on the news, saying only that it is excited about the changes Ron has brought to Uber’s freight business.
Ron's departure has been confirmed by a source familiar with the matter, adding that he was not involved in Uber's development of self-driving systems. Ron and Anthony Levandowski co-founded Otto. Lewandowski was involved in a Waymo lawsuit, accused of working with Uber to steal its trade secrets to build a self-driving car system. Whatever the reason, Uber is facing particularly close scrutiny, which will put a lot of pressure on Ron and other leaders. There are fresh concerns about the decision to reduce the number of sensors on Uber's test vehicles. Also, it doesn't have the actual testing experience of a competitor like Waymo.
6, Apple and other top ten technology giants fell together, causing investors to worry
Investors worry that the fortunes of global stock markets are too dependent on a handful of tech giants. Global stock indexes tracking Apple, Alibaba, Amazon, Baidu, Facebook, Google, Netflix, Nvidia, Tesla and Twitter posted record losses yesterday, The Wall Street Journal reported. The slump in tech stocks in recent days has magnified not only the influence of these companies in people's daily lives, but also their influence in global stock markets. On Tuesday, the New York Stock Exchange index, which tracks the world's 10 largest tech giants, fell 5.6%, its biggest one-day drop in four years. Investors are now worried that these giantsBroader stock indexes like the S&P 500 and Nasdaq Composite have also had a huge impact.
Technology stocks currently have a weighting of 26.8% in the S&P 500, the highest level to date. China's weight in financial stocks ranked second, accounting for 16.8%. Until recently, these firms were a stabilizing force in the market, said Mike O'Rourke, chief market strategist at U.S. brokerage JonesTrading. And the Facebook controversy has fueled concerns that the tech industry as a whole could face greater regulation that could limit their revenue streams. There's no question that tech giants have a huge impact on the broader stock market. However, Apple's strong privacy stance should make it more vulnerable to regulation than the likes of Google and Facebook, which rely heavily on user data for profit. The more consumers worry about data privacy, the more attractive Apple's products and services will be.
7. Trump "targets" Amazon, the latter's stock price fell 7.4%
Axios reports that the only person in the world who isn't angry with Facebook right now may be US President Donald Trump because he's targeting Amazon. The news scares Amazon's shareholders. Trump couldn't stop thinking about the online retailer, "he's hooked on Amazon," the source said. Trump has said Amazon violated antitrust or competition laws and argued that Amazon was "evading taxes." Additionally, Trump is well aware that Amazon CEO Jeff Bezos owns The Washington Post, which he sees as "Bezos' political weapon."
Within hours of the Axios report, Amazon's stock fell 7.4%, wiping $53.6 billion off Amazon's market value. Daniel Ives, analyst at GBH Insights, said: "More interesting to tech investors than Facebook and regulatory concerns are Trump's actions against Bezos and Amazon in the coming months. , as this remains a lingering shadow over the stock market and heightens Wall Street’s risk concerns.” Worth noting: Trump isn’t actually doing anything that could put Amazon’s future in jeopardy, the current market dynamics are just A guess based on what he wants to do. The behavior of those jittery investors suggests Amazon could be in deeper financial trouble if Trump wants to do anything.