Xiaomi's third-quarter revenue of 72.16 billion yuan exceeded market expectations; Yu Chengdong officially withdrew from the glory terminal; Musk said it is developing an electric vehicle with a battery life of 1,000 kilometers

 Xiaomi's Q3 overseas market revenue hit a record high in a single quarter, a year-on-year increase of 52.1%.

big company

Xiaomi's third-quarter revenue was 72.16 billion yuan, exceeding market expectations

Xiaomi released its third quarter 2020 financial report. The financial report shows that Xiaomi’s third-quarter revenue was 72.16 billion yuan, a year-on-year increase of 34.5%. The market was estimated to be 70.020 billion yuan, compared with 53.661 billion yuan in the same period last year; adjusted net profit was 4.128 billion yuan, a year-on-year increase of 18.9%.

Xiaomi's Q3 overseas market revenue hit a record high in a single quarter, up 52.1% year-on-year

Xiaomi’s global smartphone shipments in the third quarter of 2020 increased by 45.3% year-on-year to 46.6 million; revenue from overseas markets hit a record high in a single quarter, up 52.1% year-on-year to 39.8 billion yuan; revenue from advertising business hit a single quarter A record high, an increase of 13.7% year-on-year, reaching 3.3 billion yuan.

Yu Chengdong officially withdrew from the glory terminal

Tianyan Check showed that Honor Terminal Co., Ltd. added key personnel changes on November 24. Yu Chengdong, Zheng Liying, and Wei Chengmin withdrew, and Zhang Jing, Li Shanlin, and Fang Fei were added. Sky Eye Check showed that Honor Terminal Co., Ltd. officially changed its corporate address on November 17.

Weimar Motors and Uber reached an agreement of intent, EX5 may be exported to Europe

The EX5 model of WM Motor will be exported to Europe. A source revealed that Weimar has signed an agreement of intent with Uber. Weimar EX5 will be exported to more than ten European countries, including the United Kingdom, as an optional model for Uber drivers.

GM recalls 7 million vehicles worldwide, with losses of up to 1.2 billion US dollars

General Motors announced on the 23rd that it will recall approximately 7 million large pickup trucks and SUVs worldwide, which are equipped with potentially dangerous Takata airbags. GM's recall covers full-size pickup trucks and SUVs from 2007 to 2014, including Chevrolet Silvol 1500, 2500 and 3500. Silvoles are GM's best-selling cars and the second-most-selling cars in the US. Chevrolet Big Mac, Chevrolet Avalanche and Cadillac Escalade are also on the recall list. 

Apple App Store makes another concession: free digital courses and virtual activities will be extended for 6 months

Apple stated through the developer blog that as of June 2021, companies that provide digital courses or virtual activities through the iPhone application may not have to use App Store in-app purchases, which means that the company does not have to hand over to Apple to charge customers 30% of the cost. This period has been extended by half a year compared to the previously announced December. This is to give companies more time to earn income through online payment activities during the new crown pneumonia epidemic.

Pinduoduo: Cultivate a batch of home textile brands with annual sales of 1 billion in the next five years

On November 24, Pinduoduo released a new brand plan for the northern home textile industry belt in Shijiazhuang, Hebei. In the next five years, it is planned to support the development of Hebei home textile industry clusters such as Gaoyang Towel, Shenze Fabric, Langfang Door Curtain, and cultivate a number of brands with an annual sales of 1 billion, which will promote the upgrading of local industries and help form the northern home textile industry highland.

Netflix plans to expand its studio in New Mexico, USA, commits to invest USD 1 billion

Netflix plans to expand its existing studio in New Mexico, USA, and promises to invest US$1 billion in production expenditures to establish one of the largest production centers in North America. The project is expected to bring 1,000 production jobs in the next 10 years. It is reported that Netflix first invested in a project in New Mexico in 2018, when the company announced that it would acquire Albuquerque Studios and promised to spend $1 billion in the next 10 years. Currently, Netflix has spent more than $200 million in New Mexico, hiring more than 2,000 production suppliers and more than 1,600 actors and staff. (Zhitong Finance)

Taobao, Tmall affiliates, etc. have invested in Zebra Networks, which provides overall solutions for connected cars

That the Tianyan Check App showed that on November 19, Zebra Network Technology Co., Ltd. had an industrial and commercial change, and new shareholders Taobao (China) Software Co., Ltd., Shanghai Saixiang Enterprise Management Partnership (Limited Partnership), Zhejiang Tmall Technology Limited company, the three hold 12.03%, 5.41%, and 28.07% respectively. At the same time, the registered capital of Zebra Networks increased from approximately RMB 1.319 billion to approximately RMB 2.421 billion, an increase of 83.50%.

Investment and Financing

The Hong Kong Stock Exchange plans to launch the HKEX SYNAPSE platform to speed up the settlement process of Shanghai-Shenzhen-Hong Kong Stock Connect

Hong Kong Stock Exchange announced the development of HKEX Synapse (Synapse), an acceleration platform for Shanghai-Shenzhen-Hong Kong Stock Connect transaction settlement, to further improve the efficiency of Shanghai-Shenzhen-Hong Kong Stock Connect transaction settlement. After the launch of Synapse, DTCC's institutional transaction processing services will increase the global influence of Northbound trading of the Shanghai-Shenzhen-Hong Kong Stock Connect, which is expected to further promote the opening of the Chinese mainland A-share market. Currently, more than 6000 institutional clients in 52 markets around the world have used DTCC's institutional transaction processing services.

Rumor has it that Waterdrop plans to go to the US for an IPO in the first quarter of next year.

According to market news, Waterdrop plans to go to the US for an IPO in the first quarter of next year, with a valuation of about US$6 billion. According to other media reports, Tencent has invested USD 150 million in Water Drop. In response, Waterdrop responded that it would not comment. (China Securities Journal)

Ant microloan 10 billion ABS released? The Shanghai Stock Exchange refutes the rumor: it has not passed

Many media reported that Guotai Junan’s 4-12th consumer loan asset-backed special plan was approved by the Shanghai Stock Exchange. The bond type of this issue is ABS, and the proposed issuance amount is 10 billion yuan. On November 24, a query on the Shanghai Stock Exchange’s corporate bond project information platform found that the latest project status of Guotai Junan’s 4-12th consumer loan asset-backed special plan was "accepted" instead of "passed". The update date is November. 20th. In response, the Shanghai Stock Exchange replied that it has not yet passed. (interface)

New product

Oreo launches customized cookies for the first time

Oreo recently launched a customized cookie service. On its official website OREOiD, consumers can design cookies online. Oreo provides two ways to customize. One is to customize creams of different colors. You can choose red, orange, yellow, green, blue, purple, pink or white. The other is complete customization. You can choose different colors of cream, the flavor of cream on the biscuits, the flavor of icing dipped, write on the biscuits (such as "Merry Christmas"), and even place pictures. The packaging and gift boxes have their own personality.化 option. Prices range from US$2.50 to US$52.95. (interface)

Mao Yumin, Vice President of Huawei Software Department: On December 16th, the Beta version of Hongmeng mobile phone developers will adopt a new design language

Mao Yumin, vice president of Huawei's software department, announced that on December 16, the Hongmeng mobile phone developer Beta version will adopt a new design language, and the Mate40 series will be upgraded first. I believe the session when the new design of the system will be adhering to the design concept of EMUI 11. (IT House)

Tesla CEO Musk: is developing an electric car with a range of 1,000 kilometers

Tesla CEO Musk said that Tesla is developing an electric car with a range of 1,000 kilometers. (Bloomberg)

Today's view

Zhou Xiaochuan: The development of electronic payment currency also requires similarities while reserving differences

Zhou Xiaochuan, former governor of the People’s Bank of China, vice chairman of the Boao Forum for Asia, and chief representative of China, said that under the current situation of the impact of the epidemic, the digital economy has received attention and has been developed. Online teaching and home office are popular, and cash is used for retail payments. It is also decreasing, which creates a good time to vigorously develop digital currency and electronic payment. Various financial cooperations between China and Singapore have always been active and smooth, and have continued to bear fruit. They have also maintained close communication and interconnection in the payment field (China Times)

Wang Gang, Vice President of Alibaba Cloud: I am very optimistic about the development of autonomous driving in China, running faster than the United States

Wang Gang , vice president of Alibaba Cloud and director of the Autonomous Driving Laboratory of Dharma Academy , said at the World Internet Conference Forum, “I am very optimistic about the development of autonomous driving in China. I think it is faster than the United States. Two reasons, the first is that we It is a very good country that applies what you have learned. The development of technology still depends on luck, using the market and demand to force it. Our country provides a very good use scenario! The second is that the public, including the government, are open and tolerant of new technologies. The survey report shows that the popularity of autonomous driving in various countries, China holds high, and everyone's tolerance for new things will not create things that hinder technology." ( CBN )

Research says Huawei's global share of mobile phones will drop to 4% next year

According to market research firm TrendForce, Huawei’s global smartphone market share is expected to drop to 4% in 2021. TrendForce researchers said on Tuesday that Huawei’s global smartphone market share this year will be 14%, and that market share will drop to less than three. One part. According to an article on TrendForce's public account, New Honor, or due to its own component supply shortage and other uncertain factors, its global smartphone market share will be 2% next year. (Netease Technology)


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