Retail, the specific amount of the transaction has not yet been disclosed. The transaction is expected to be completed on April 2. Gap acquired Janie and Jack in March 2019. The brand chain has 115 branches in the United States. (Zhitong Finance)
Disney plans to expand the California theme park without any need for public financing
According to media reports, Disney plans to upgrade Disneyland in Anaheim, California, adding new attractions, shops, and restaurants to its existing park infrastructure. Disney emphasized that the company has no plans to seek any public funding to support the project. In the past, Disney has asked for tax cuts and other incentives when building projects. (Zhitong Finance)
Iqiyi became a shareholder of Beijing Xudong Yuchen Culture Communication Co., Ltd.
It was learned that the Tianyancha App showed that on March 25, Beijing Xudong Yuchen Culture Communication Co., Ltd. had a number of industrial and commercial changes, and the shareholder added Beijing Aiqiyi Technology Co., Ltd. with a 5% shareholding ratio. At the same time, the company’s registered capital increased from RMB 5 million to approximately RMB 5.26 million, an increase of approximately 5.26%. The company’s business scope includes artistic performances; film distribution; organizing cultural and artistic exchange activities; stage lighting and sound design; artistic creation; computer graphic design and production; computer animation design, etc.
Wuliangye affiliated company participated in the establishment of a talent innovation and entrepreneurial equity investment partnership with a registered capital of 960 million
It was learned that the Tianyancha App showed that Yibin Talent Innovation and Entrepreneurship Equity Investment Partnership (Limited Partnership) was established recently. The executive partner is Yibin Emerging Industry Development Investment Fund Management Co., Ltd. The business scope includes private equity funds. Investment, investment management, asset management and other activities. Yibin Science and Education Industry Investment Group Co., Ltd. is the company’s largest shareholder with a shareholding ratio of approximately 52.08%; Sichuan Yibin Wuliangye Group Co., Ltd. is the second shareholder with a shareholding ratio of approximately 20.83%.
Qiu Ti Technology: Revenue in 2020 will be 17.4 billion yuan, a year-on-year increase of about 32.1%
It was learned that Qiu Ti Technology announced its 2020 performance report. The report shows that in 2020, Qiu Ti Technology’s revenue was 17.4 billion yuan, an increase of about 32.1% year-on-year; the group’s profit was about 840 million yuan, an increase of about 54.9% year-on-year.
NetEase CEO Ding Lei announced the addition of the “Champion Program” launched by NetEase Youdao Excellent Courses, with 1 billion scholarships
It is learned that Netease CEO Ding Lei announced in the circle of friends that he will increase the “Championship Program” launched by NetEase Youdao’s Excellent Courses, and set up a 1 billion scholarship to encourage outstanding students from the first grade to the third grade. The “Championship Program” is a 100 million scholarship program established by NetEase Youdao Excellent Courses.
Tesla puts glass wine bottles on shelves in Europe and China for 779 yuan
According to media reports, Tesla recently launched a Tesla tequila lightning bottle in official stores in Europe and China. It does not contain alcohol or other liquids. The bottle is priced at 779 yuan in China. It is priced at £150 in Europe. It is currently available for pre-order and is expected to be shipped within 6-8 weeks. (TechWeb)
Investment and financing
FF received another nearly US$100 million in debt financing, and the delivery of FF 91 entered the countdown ahead of schedule
It was learned that today, Faraday Future announced that it has raised nearly US$100 million in debt financing. This round of debt financing was led by Ares, and existing lenders such as Birch Lake also participated in this round of financing. Birch Lake remains the main purchaser of the bill and the mortgage agent for the secured financing mechanism. The new financing will accelerate the implementation of FF’s product strategy in an all-round way, and will formally start production preparations at the manufacturing plant in Hanford, California, so that the delivery of FF 91 will enter the countdown stage ahead of schedule. FF 91 is scheduled to be delivered approximately 12 months after the merger with PSAC.
“Secai Optoelectronics” announced the completion of the first round of financing
It is learned that Color Vision (Shanghai) Optoelectronics Technology Co., Ltd. announced that it has completed the first round of financing, and the lead investor is Xiaomiao Langxin Venture Capital. This round of financing will be used for continuous R&D investment, sales expansion and team building. Shicai Optoelectronics was established in 2018. Its headquarters and R&D center are located in Shanghai. It is a technology company whose main business is the development and implementation of optical vision inspection solutions.
Today’s view
Diao Shijing, former co-president of Ziguang Group, went to work at Zhixin for days
According to industry insiders, Diao Shijing, former co-president of Ziguang Group, will go to Tianshu Zhixin after leaving Ziguang Group. The specific position information is not yet known. (Jiweinet)
Zuckerberg: Facebook will restore Trump account
According to reports, Facebook CEO Mark Zuckerberg said that Facebook will restore Trump’s account based on the recommendations of the oversight committee. (CGTN)
Guotai Junan (Hong Kong): Give Li Ning a “Buy” rating with a target price of HK$61.10
Guotai Junan (Hong Kong) stated that it raised the target price of Li Ning to HK$61.10 and the rating to “Buy”. The bank expects that it will resume its strong growth momentum and improve its profit margins in the next few years. It predicts that the company’s earnings per share will achieve a compound annual growth rate of 30.3% during 2020-2023. Based on the company’s rapid growth, continuous profitability improvement, and huge futureThe long-term growth potential of China has raised its target price. The new target price is equivalent to 55.0 times, 42.4 times and 34.9 times the 2021, 2022 and 2023 P/E ratios, and 35.3% upside potential. (Sina Finance)
Other important news
Ministry of Industry and Information Technology: China’s software business revenue from January to February was RMB 1006.3 billion, a year-on-year increase of 21.3%
According to the website of the Ministry of Industry and Information Technology, from January to February, China’s software and information technology service industry (hereinafter referred to as the “software industry”) showed a good development trend, with business income showing recovering rapid growth, big data services, e-commerce platform technical services , IC design revenue maintained a relatively high growth rate; realized profit growth rate was at a high level.
Beijing’s first internet hospital was officially approved
According to the latest report from the Beijing Municipal Health Commission, the Peking Union Medical College Hospital Internet Hospital has recently passed the review of the Beijing Municipal Health Commission and became the first approved Internet hospital in Beijing. The hospital can provide follow-up services for patients with common and chronic diseases. At present, 19 departments including cardiology, endocrinology, and dermatology have been opened to support in-hospital case reading, online consultation, examination and inspection, and prescription issuance. Beijing Medical insurance patients can directly pay the online follow-up consultation fee by taking off the card. (Securities Times)