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The highest law regulates face recognition applications! Effective from August 1; Alibaba's net profit in fiscal 2021 increased by only 2%

Release Time:2022-06-15 Topic:Geely stock Tencent Reading:49 Navigation:Stock Liao information > Technology > The highest law regulates face recognition applications! Effective from August 1; Alibaba's net profit in fiscal 2021 increased by only 2% phone-reading


Quick Facts

1. The Supreme People's Court issued a judicial interpretation to regulate face recognition applications, and applications shall not forcefully request non-essential personal information

2. Guangzhou: Actively declaring digital RMB pilot cities

3. Tencent e-signature launched the "Small IOU" function

4. Personal consumption loans flowed into the property market in violation of regulations, and CCB received 8 fines from supervision

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5. Alibaba’s revenue in fiscal year 2021 increased by 41% to 717.3 billion yuan and net profit increased by only 2%

6. Taobao Tmall: loan The service fee for recording and collection will be uniformly reduced to 0.6%

7. Hello travel withdraws its IPO application to the United States

8. Bitmain Announce the progress of the divestiture of Antminer Pool: all legal matters have been completed

9. The new car-making forces have set off a "robbing war": the former Geely Automobile quality director may join Baidu Jidu

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10、Cryptocurrency consumption stimulated the overall transaction volume of Visa cards soared by 34% in the third quarter

Source| Zero One Finance

Author | Keats Chu

[Regulatory Update]

Guangzhou: Actively applying for digital RMB pilot cities

July 28th, from Guangzhou Local Financial Supervision and Administration The bureau was informed that Guangzhou is actively applying for a digital renminbi pilot city, seize the strategic opportunity of the country to issue legal digital currency, and explore digital renminbi application scenarios with the characteristics of the Guangdong-Hong Kong-Macao Greater Bay Area.

China Securities Regulatory Commission: strongly supports the establishment of a modern financial system in Xiongan New Area

July 27th, Zhao Zhengping, member and vice chairman of the Party Committee of the China Securities Regulatory Commission, went to Xiongan New Area for investigation. Zhang Guohua, Member of the Standing Committee of the Hebei Provincial Party Committee, Vice Governor, Secretary of the Party Working Committee and Director of the Management Committee of Xiongan New Area, held a working discussion with Zhao Zhengping and his party. Zhao Zhengping said that the China Securities Regulatory Commission will always adhere to the political position, actively participate in the construction and development of the new area, vigorously support the new area's agglomeration of financial formats, promote financial innovation, and establish a modern financial system, so as to create an innovative development model for Xiong'an New District that implements the new development concept. district to make more contributions. (Securities Times)

The Supreme People's Court issued a judicial interpretation to regulate face recognition applications, and applications shall not compulsorily request non-essential personal information

July 28, the Supreme People's Court issued a judicial interpretation to regulate face recognition. The Supreme People's Court has formulated judicial interpretations based on sufficient research to provide judicial protection for facial information. The interpretation clearly stipulates that the use of face recognition technology for face verification, identification or analysis in hotels, shopping malls, banks, stations, airports, stadiums, entertainment venues and other business places and public places in violation of the provisions of laws and administrative regulations shall be deemed as belonging to Acts that infringe upon the rights and interests of natural persons. (CCTV News)

[Company News]

Alibaba's revenue in fiscal year 2021 increased by 41% to 717.3 billion yuan and net profit increased by only 2%

On the evening of July 27, Alibaba The announcement discloses the 2021 fiscal year annual report. For the 12 months ended March 31, 2021, Alibaba's revenue reached about 717.289 billion yuan, a year-on-year increase of about 41%; net profit reached 143.284 billion yuan, a year-on-year increase of 2%, and the net profit attributable to the parent company was 150.578 billion yuan , a slight increase of less than 1%. The announcement revealed that during the period, about 66% of Alibaba's revenue came from China's retail business, with an amount of 473.683 billion yuan, while cross-border and global retail business, Cainiao logistics services, and local life services accounted for 5%, and China's wholesale business. , cross-border and global wholesale business and other businesses accounted for 2% respectively.

Alibaba Annual Report: SoftBank is still the largest shareholder holding 24.8%

July 28th, Alibaba filed its 2020 FORM 20-F annual report with the U.S. Securities and Exchange Commission (SEC) on the 27th. SoftBank remains Alibaba's largest shareholder with a 24.8 percent stake, the filings show. According to the document, Cai Chongxin, vice chairman of Alibaba's board of directors, owns 306,883,064 ordinary shares of Alibaba, accounting for 1.4% of the shares. Overall, all directors and executives of Alibaba own 497,457,680 ordinary shares of Alibaba, representing 2.3% of the shares. (Sina Technology)

Personal consumption loans illegally flowed into the property market and the stock market, CCB received 8 fines from supervision

On July 27, the official website of the China Banking and Insurance Regulatory Commission disclosed 17 fines issued by the Shanghai Banking and Insurance Regulatory Bureau to banks in its jurisdiction, 8 of which were directed at CCB branches, mainly involving the inflow of funds into the property market and the stock market. The main illegal facts of China Construction Bank Shanghai Pudong Branch include: From April to June 2017, it illegally issued land reserve loans in the form of working capital loans; in June 2019, the branch's personal consumption loans were illegally used for house purchase; In January, the branch's personal consumption loans flowed into the stock market in violation of regulations. The branch was ordered to make corrections and fined a total of 1.1 million yuan. Except for Shanghai Pudong Branch, which was fined for illegally flowing funds into the stock market, the other branches of CCB were fined for illegally flowing funds into the real estate market.

Tencent e-signature launched the "Small IOU" function

On July 28th, Tencent e-signature was launched "Small IOU" function. According to the official introduction, users can issue legal IOUs through the WeChat applet of “Tencent Electronic Signature”. In addition to the "Small IOU" function, Tencent Electronic Signature also includes "Small Receipt", "Small Contract - Personal Rental Contract" and many other functions. Since its launch three months ago, Tencent e-Sign has served hundreds of thousands of end users and hundreds of enterprises.

Industrial Bank Chairman's Qualification Approved

On July 27, Industrial Bank issued an announcement stating that, On July 26, 2021, the company received the "China Banking and Insurance Regulatory Commission's Reply on the Qualification of Lu Jiajin of Industrial Bank" (Yinbao Jian Fu [2021] No. 604), China Banking and Insurance Regulatory Commission has approved Mr. Lu Jiajin to serve as the company's director and chairman of the board. Qualifications. According to relevant regulations, Mr. Lv Jiajin will be the director and chairman of the company from July 26, 2021.

Taobao Tmall: The service fee for credit collection will be reduced to 0.6%.

July On the 28th, Taobao and Tmall announced that starting from 0:00 on August 1, the service fee for credit collection of all Taobao and Tmall merchants on the platform will be reduced to 0.6%, and the service fee for debit collection will be reduced to 0.6%. Keep it free.

It is reported that Youbao, invested by Ant Group, is considering a Hong Kong IPO of up to US$500 million

7 On June 28, Youbao, invested by Ant Group, is considering a Hong Kong IPO of up to US$500 million. Youbao Smart Vending for Chinamachine manufacturer. (Bloomberg)

Hello Travel withdraws its IPO application in the United States

July 28, reporter It was confirmed from the company's relevant personnel that Hello Travel has withdrawn its IPO application to the United States last night. (Shanghai Stock Exchange)

New car-making forces set off a "snatch war": the former Geely car quality director or join Baidu Jidu

< p id="0531VPEF">July 28, it is reported that Xu Hua, the former general manager of Lynk & Co’s automotive quality center, will join Jidu and be responsible for quality and supply chain business. Lynk & Co built a joint venture for Geely and Volvo. Positioning high-end car brands. At Geely, Xu Hua is mainly responsible for the quality control of the group's multi-platform vehicle development and mass production quality improvement. Previously, the Supply Chain Quality Engineering Center was established to be in charge of the CEVT quality of the European R&D Center and responsible for various European certifications. Xu Hua has served as Chief Engineer of Geely Manufacturing Branch, Senior Quality Director of the Group, and General Manager of Geely Supply Chain Quality Engineering Center. (Interface)

Xiaomi Auto started the autonomous driving department to recruit the first batch of 500 autonomous driving technicians

On July 28, Lei Jun announced on Weibo that Xiaomi Auto has started the recruitment of the autonomous driving department, and will self-research the industry-leading L4 intelligent driving capability, and recruit the first 500 autonomous driving technicians.

Station B released the 2020 ESG report: 1569 users signed up for teaching support through Station B

July 28 Bilibili released the "2020 Environmental, Social and Governance Report". The report shows that as of June 2021, a total of 2,408 employees at Station B are serving UP masters full-time, a year-on-year increase of 42%; 340,000 UP masters have benefited from the Bilibili Creation Incentive Program; over 110,000 students have learned from Bilibili Dream benefit from the course. The report also disclosed that the station B has launched a special campaign to promote and recruit teachers. In the past two years, 1,569 users of station B have voluntarily signed up and voluntarily applied to join the ranks of teachers.

Bitmain announces progress of AntPool divestiture: all legal matters have been completed

July 28th News , "Bitmain Technology" WeChat public account news, on July 26, Bitmain held a semi-annual shareholder exchange meeting. At the meeting, the company's management also informed shareholders about the divestiture progress of the former Bitmain's mining pool brand "Antpool". After obtaining shareholders' approval in the first quarter, all legal matters were completed on May 1. At present, some business are still being sorted out, and related actions will be completed as soon as possible. "Antpool" (Ant Pool) will independently develop mining pools and other businesses overseas after receiving the support of the new shareholders. (Sina Technology)

Binance, the world's largest cryptocurrency exchange, seeks new CEO to deal with regulations

On July 28, Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, said the company is looking for a new CEO as the company undergoes a restructuring in response to pressure from regulators around the world. Facing a flurry of investigations and warnings to consumers, Binance plans to change its way of thinking from a tech startup to a financial institution, with all relevant licensing and compliance procedures in place, Zhao said. (Sina Finance)

Binance will partner with the world's second largest museum to issue NFTs based on works by artists including Leonardo da Vinci

July 28 — Binance announced Monday that it will partner with the Hermitage Museum in St. Petersburg, Russia to create and distribute tokenized artwork based on the museum’s collections, including Leonardo da Vinci’s “Madonna Litta.” , Van Gogh's "Lilac Bush" and other limited edition NFTs, which will be auctioned on the Binance NFT marketplace by the end of August 2021. Two NFT copies will be created for each artwork, one of which will be auctioned through the Binance NFT marketplace, and the second NFTFT will be stored in this museum. (Sina Finance)

Xingyun Innovation completed the B round of financing exclusively invested by Alibaba Cloud

July 28 Daily News, “Xingyun Innovation”, a one-stop cloud native development platform product and solution provider, has recently completed its B round of financing. The investor in this round is Alibaba Cloud, and the financing amount has not been disclosed. This round of funds will be mainly used to further promote the research and development and innovation of the core technology of the product matrix, the expansion of the business market scale, the ecological construction of industry solutions and the ecological construction of channel partners.

【Industry News】

The number of digital RMB patents blows out, and smart contracts become a new direction

July 28th, with the gradual deepening of the digital renminbi pilot, the number of related patent applications is constantly being refreshed, and the number of patents filed by many well-known domestic institutions has exceeded last year. Among them, China Mobile, China Banknote Credit Card, Tencent, Baidu, ICBC, Bank of China and other institutions have related patent updates in the first half of the year. The programmability of digital renminbi makes smart contracts popular, and a number of patents have received high attention from the market. (Shanghai Stock Exchange)

Shanghai Property & Casualty Insurance has reported 42,000 typhoon "fireworks" accident cases, with an estimated loss of 310 million yuan

< p id="0531VPF1">July 28, according to relevant statistics of the Shanghai insurance industry, as of 16:00 on July 27, the Shanghai property insurance industry has received a total of 42,000 accident cases related to typhoon "fireworks". It is estimated that The loss amounted to 310 million yuan, and 4.63 million yuan was paid as indemnity. Among them, there are 1,236 agricultural insurances with an estimated loss of 180 million yuan; 6,141 auto insurances with an estimated loss of 31.94 million yuan; 1,024 enterprise property insurances with an estimated loss of 68.17 million yuan; 32,000 air delay insurances with an estimated loss of 2.83 million Yuan. (Shanghai Stock Exchange)

【International News】

Visa releases Q3 financial report: cryptocurrency consumption Stimulating the overall transaction volume of Visa cards soared by 34%

On July 28, Visa released its Q3 financial report. Under the current state, cryptocurrency consumption drove the overall transaction volume of Visa cards in the third quarter soared 34% year-on-year to $2.72 trillion.

Apple: Already 700 million paid subscribers, growth may slow in next quarter

July 28 News, Apple’s financial report for the third quarter of fiscal year 2021 shows that 75% of Apple Watch buyers in the quarter were new users, and 50% of new users of iPad and Mac; service business revenue was 17.49 billion. U.S. dollars, a year-on-year increase of 33%, surpassed the combined revenue of Mac and iPad, and became Apple's second largest source of revenue. Data shows that it already has 700 million paid subscribers. In addition, due to the lack of cores, Apple warned that the growth rate in the next fiscal quarter may slow down. This is the sixth quarter that Apple has not given performance guidance.

Google’s total second-quarter ad revenue surged 69%

July 28, Alphabet ( Google parent company) today released its earnings for the second quarter of fiscal 2021, which ended June 30. According to the financial report, Google's total advertising revenue in the second quarter increased to 50.44 billion US dollars, an increase of 69% over last year, of which YouTube revenue exceeded 7 billion US dollars, an increase of 83% over last year.

US online brokerage Robinhood will introduce change investing: small change can buy certain stocks

July 28 According to reports, the code of the latest iOS beta version of Robinhood's application software shows that Robinhood is testing a number of new features to improve the trading experience, including adding users' small zeros.Money is also used to invest, as well as to automatically avoid the shock of large swings in cryptocurrency prices. (Sina Technology)

Burger King Brazil accepts Dogecoin payments only for dog treats

Burger King Brazil announced this week that it will accept Dogecoin as a payment method for its dog treat brand Dogpper. The service, which has been available since Monday, sells for 3 Dogecoins per Dogpper, and customers are advised to purchase up to 5 per order. So far, Burger King Brazil does not appear to allow customers to use Dogecoin to buy human food.

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Shanghai Property & Casualty Insurance has received reports of 42,000 typhoon "fireworks" accident cases, with an estimated loss of 310 million yuan

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Label group:[Alibaba

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