The court filed a case: Meituan encountered an antitrust lawsuit due to the cancellation of the Alipay channel
Large companies
Popular Chinese concept stocks closed up and the market value of Pinduoduo exceeded US$200 billion
It was learned that US stocks closed on Tuesday, popular Chinese concept stocks generally rose, Alibaba rose over 6%, JD.com rose over 5%, and Weilai rose over 4%. Ideal Automobiles rose more than 6%, and Xiaopeng Motors rose more than 9%; Pinduoduo rose more than 15%, its share price hit a record high, and its market value exceeded $200 billion.
U.S. stocks’ large technology stocks closed mixed, with Netflix rising more than 2%
It was learned that the three major U.S. stock indexes collectively closed down as the U.S. stock market closed on Tuesday. The Dow fell 0.22%, the Nasdaq fell 0.38%, and the S&P 500 index fell 0.22%. US stocks’ large technology stocks rose mixed. Apple fell more than 1%, Microsoft fell 0.36%, Amazon rose more than 1%, Google fell nearly 1%, Netflix rose more than 2%, Facebook fell 0.08%, and Tesla rose 0.35%.
The court opened a case: Meituan encountered an antitrust lawsuit due to the cancellation of the Alipay channel
On the 28th, Meituan encountered an antitrust lawsuit, and the Beijing Intellectual Property Court has filed a case for trial. The Notice of Acceptance of Civil Cases by Beijing Intellectual Property Court (2020) Jing 73 Min Chu No. 888 shows that Wang v. Beijing SankuaiThe dispute case of Abuse of Dominant Market Position by Technology Co., Ltd. and Beijing Sankuai Information Technology Co., Ltd., after review, met the acceptance conditions stipulated in the “Civil Procedure Law of the People’s Republic of China”, and the Beijing Intellectual Property Court decided to open the case for trial. (China Economic Weekly)
The Consumer Council of Foshan City sent a letter to Alibaba to persuade them to add personal WeChat, difficult to defend their rights, etc.
It was learned that, according to the China Market Supervision News, on December 22, the Consumer Council of Foshan City, Guangdong Province reported to Alibaba regarding complaints that Taobao shops induced consumers to add personal WeChat for offline transactions and sell shoddy goods. (China) Co., Ltd. issued a letter suggesting that Alibaba should fulfill its legal obligations in accordance with the “E-Commerce Law” and other relevant laws and regulations.
Miracola: Mengniu Dairy’s cumulative shareholding reached 6.38%
It is learned that Microcolando issued an announcement stating that it had received a notice from Inner Mongolia Mengniu Dairy (Group) Co., Ltd. that it accumulated 5.65 million shares of the company from December 24 to 29, accounting for 1.38 of the company’s total share capital. %, the current cumulative shareholding reached 6.38%.
Midea Group established an electromechanical technology company with a registered capital of 500 million
It was learned that the Tianyan Check App showed that on December 25, Guangdong Midea Electromechanical Technology Co., Ltd. was established with a registered capital of 500 million yuan. The legal representative is Fu Yongjun. The business scope includes the research and development of motors and their control systems; electronic components manufacturing ; Motor manufacturing. The company is 100% owned by Midea Group Co., Ltd. Why Xiangjian is the ultimate beneficiary.
Ximalaya and Xiaomi reached a strategic cooperation
It is learned that yesterday, Himalaya announced a strategic cooperation with Xiaomi, and the two parties will cooperate with each other in areas such as audio content and smart hardware. Himalaya authorized Xiaomi’s massive content, and future users of Xiaoai speakers can listen to Himalaya programs. After the strategic cooperation, the “Himalaya X Redmi Xiaoai Speaker Play” co-branded speakers went online at the same time. In the future, both parties will further explore audio membership services.
Affiliated companies of Didi apply for the trademarks of “Xinju” and “Xinju Daiqi”
It was learned that the Tianyancha App showed that Beijing Didi Wuxian Technology Development Co., Ltd. applied for registration recently.The trademarks of “Xinju” and “Xinju Driving” are internationally classified as transportation and storage, scientific instruments, financial property management, and the status of the trademark is “trademark application.” Beijing Didi Infinite Technology Development Co., Ltd. was established in May 2013 and is legal The representative is Cheng Wei with a registered capital of RMB 5.6 billion. The scope of business includes research and development of computer software and network technology; technical services, technical consultation, and technology transfer; sales of self-developed software products; economic information consultation, etc., by Xiaoju Technology Hong Kong Co., Ltd. 100% holding.
Focus Media: The regular price of advertisements will increase by a certain percentage at the beginning of the year
It was learned that Focus Media stated on the interactive platform that the regular price of the company’s advertisements will increase by a certain percentage at the beginning of each year.
Tencent and China Reading Group jointly launched the “New World Cultural Heritage Project”
It was learned that Tencent and China Reading Group jointly launched the “New World Cultural Heritage Project”, which will take the cultural heritage included by UNESCO as its prototype, and call on Chinese online literature writers to create short literary works and use new texts. Create a model, inviting directors, screenwriters and short video creators to further develop this literary work in various forms of digital content such as short dramas, animations, and music.
Youzu Network: Now business decisions are more dependent on the collective, and the Sansei project has been officially launched
On December 29, a number of company executives from Youzu Network communicated with the market. Youzu Networks said that the company’s business decisions will now rely more on the collective decision-making of the overall management to a certain extent. From the standpoint of stability, this will have a positive effect. In addition, the company announced the official launch of the Sansei project at the staff meeting yesterday. The project will use the UE4 engine, and the development of two Sansei IP authorized products will be launched one after another. The management also revealed that they hope that the stock price can have a stable performance, and they have certain thinking and planning in this regard. (Securities Times)
Ningde era: plans not to exceed 39 billion yuan to build three lithium-ion battery bases
It was learned that on the evening of the 29th, Ningde Times issued an announcement that the company plans to invest in the expansion of the power battery Yibin manufacturing base project in the Lingang Economic and Technological Development Zone of Yibin City, Sichuan Province, with a total investment of no more than 10 billion yuan. Fuding City, Ningde City, invested in the construction of a power battery production base, with a total project investment of no more than 17 billion yuan; it is planned to invest in the construction of the Jiangsu Times Power and Energy Storage Lithium Battery R&D and Production Project (Phase IV) in the Zhongguancun High-tech Zone, Liyang City, Jiangsu Province. The total investment of the project does not exceed 12 billion yuan.
Tesla China executives: The localization rate target has been basically achieved, and there is little room for future price reductions
Tao Lin, vice president of Tesla, said in an interview a few days ago: “Tesla’s localization rate target has been basically achieved, and it is unlikely that prices will continue to be reduced in the future.” Tao Lin also said that the price and cost of electric vehicles Related, affected by the cost of raw materials and the cost of electric vehicle parts. “If the price of raw materials or parts rises in the future, Tesla’s electric vehicles are not without the possibility of price increases.” (CBN)
Ripple responds to SEC lawsuits: Will respond to unsubstantiated allegations in the coming weeks
Ripple recently issued a statement in response to the SEC’s allegations that the public and the media only heard about the matter from the perspective of the SEC and will respond to unsubstantiated allegations against the company in the coming weeks. Ripple said that the SEC’s decision to file a lawsuit is not just against Ripple, but an attack on the entire US encryption industry. At the same time, Ripple will continue to operate and support all products and customers in the United States and the world. Ripple said it will defend the company and looks forward to resolving this issue in court. (Sina Technology
Investment and Financing
Country Garden Ventures Strategic Investment in Zhuobao Technology
It was learned that Country Garden Ventures recently completed a new strategic investment in the industrial chain. This strategic shareholding company is a leading brand in the field of building waterproofing and a national high-tech Enterprise Zhuobao Technology. Up to now, Country Garden Ventures’ investment in the real estate industry chain has covered multiple sub-fields such as exterior wall materials, ceramic tile bathroom, curtain wall covering, security doors and windows, and building waterproofing.
Square, a company owned by Twitter CEO, plans to acquire music streaming media Tidal
According to people familiar with the matter, Square, a digital payment company under Twitter CEO Jack Dorsey, has negotiated the acquisition of Tidal, a music streaming service company. This move is also part of Square’s diversification strategy. According to the person familiar with the matter, Dorsey has discussed this potential deal with rapper Jay-Z, and there is no guarantee that the deal will be reached. (Sina Technology)
Other important news
The Central Bank: Keep the RMB exchange rate basically stable at a reasonable and equilibrium level
It was learned that the Monetary Policy Committee of the People’s Bank of China held a regular meeting for the fourth quarter of 2020. The meeting emphasized: deepen the reform of interest rate and exchange rate marketization, improve the market-based interest rate formation and transmission mechanism, guide enterprises and financial institutions to adhere to the “risk-neutral” concept, stabilize market expectations, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. We will handle the relationship between economic recovery and risk prevention, and keep the bottom line of systemic financial risks free.
Ministry of Industry and Information Technology: Preparation and implementation of an action plan for building a strong network to promote 5G network construction and application in an orderly manner
On December 28-29, the National Industry and Information Technology Conference was held in Beijing. The meeting pointed out that in 2021, we must vigorously promote the high-quality development of the information and communication industry. Formulate and implement an action plan for building a network power, coordinate and promote various tasks such as technology industry, infrastructure, industrial application, network security and governance, and expand and strengthen the digital economy. Promote the construction and application of 5G networks in an orderly manner, promote network optimization and upgrade, strengthen supervision of the information and communication industry, strengthen comprehensive network security guarantees, and strengthen radio management. (Securities Times)
The Boeing 737Max went back to school in the United States after nearly 2 years
According to CNN reports, after two consecutive air crashes that caused heavy casualties and were banned from flying around the world, the Boeing 737 Max model went back to the United States on December 29, local time. American Airlines Flight 718 carried approximately 100 passengers from Miami to New York. Prior to this, the aircraft had already carried out its first commercial flight in Brazil on December 9. Boeing has long hoped for the 737 Max to return to flight, but the return of the Boeing 737 Max has not been smooth sailing. The families of the crash victims still object to allowing the plane to fly, saying it is unsafe. (CCTV News)