Huolala: officially launched functions such as travel location protection, and will invest more than 600 million yuan in safety improvement in the next two years; Xiaomi Group: smart electric vehicle business project, Lei Jun also serves as its CEO
Large companies
Xiaomi Group: the smart electric vehicle business project is established, Lei Jun also serves as its CEO
It was learned that the Xiaomi Group announced that the company’s board of directors formally approved the establishment of the smart electric vehicle business. The company plans to establish a wholly-owned subsidiary to be responsible for the smart electric vehicle business. The initial investment is 10 billion yuan, and the investment is estimated to be 10 billion US dollars in the next 10 years. The company’s CEO Lei Jun will concurrently serve as the CEO of the smart electric vehicle business.
SF Express appeared on the “Push Sub-Wallet” page of the Digital RMB App
Currently, the digital renminbi pilot work has been steadily carried out. Recently, in the digital RMB App, SF Express appeared on its “Push Sub-Wallet” page. This means that when the user pays the express freight in the SF Express App, it uses the small amount of password-free payment service based on the digital currency sub-wallet to call the funds in the wallet. The corresponding order will show that the payment method is automatic deduction. (Daily Economic News)
Wumart and Metro China plan to package and go to Hong Kong for listing
Today, Wumart Technology officially submitted its listing application to the Hong Kong Stock Exchange. The content of the prospectus shows that the scope of Wu Mart’s current listing includes Wu Mart’s supermarket business and the equity of Metro’s Sino-German joint venture acquired last year. Wumart founder Zhang Wenzhong will serve as chairman of the listed company. The news of Wumart’s listing is not unexpected. After Wumart acquired Metro China for 1.9 billion euros (approximately 14.9 billion yuan) in October 2019, news of Wumart’s plan to package and list Wumart and Metro China has continued to spread. (Surging)
The Douyin brand has launched the “brand flagship store” function
It was learned that the Douyin brand account has officially launched the “brand flagship store” function recently, which will provide brands with five services including store activity banners, brand recommendations, coupons, selected products, and offline stores to help brands get through. An integrated operation position of “people-field-goods” stores. At present, more than 220 brands such as Huawei terminals have configured this function.
Huabei, a subsidiary of the Ant Group, announced the launch of the “Promoting Agriculture Project”
It was learned that on the 29th, Huabei, a subsidiary of the Ant Group, announced the launch of a plan to promote agriculture, including: on the consumer side, subsidies and platform traffic will be provided to help farmers sell more agricultural products and increase farmers’ income; on the farmer side, Huabei will be provided. Instalment interest-free subsidies reduce the pressure on farmers to purchase agricultural materials during spring plowing. Huabei said that at this stage, Chongqing will first provide farmers with an interest-free quota of 2,000 yuan per capita for spring ploughing in installments. Huang Hao, senior vice president of Ant Group, said that the Huabei Xingnong plan will goGoing into more cities and villages and promoting agriculture through consumption will be Huabei’s important work this year.
Huo Lala: officially launched functions such as travel position protection, and will invest more than 600 million yuan in safety improvement in the next two years.
It was learned that Huolala announced the launch of itinerary location protection, an upgrade of overdue order warning and safety center functions. So far Huolala’s commitment to safety rectification to the society has been fully implemented. At the same time, Zhou Shengfu, the founder and CEO of Huolala, issued an internal letter “Reflections on the Changsha Crash” to all employees of the company. The letter emphasized that Huolala will do its best to do safety work and will invest in the next two years. More than 600 million yuan was used for safety improvement.
Didi customized car D1 sold 5,000 units in the first quarter of this year, and the next step will be landing in first-tier cities such as Guangzhou and Shenzhen
According to Didi insiders, the Didi customized car D1 will sell 5,000 units in the first quarter of 2021 after it was officially launched at the end of 2020. At present, Didi D1 has started operations in Changsha, Ningbo, and Xiamen, recruiting dedicated D1 drivers. Among them, Changsha has more than 500 vehicles in operation, and users can already order D1 customized cars on the Didi Travel App. In the next step, the Didi custom car D1 will soon be launched in first-tier cities such as Guangzhou and Shenzhen. (Associated Finance Press)
Hang Seng Index: Incorporating Bilibili into the Hang Seng Composite Index and the Hang Seng Internet Technology Industry Index
The Hang Seng Index Company stated that Bilibili will be included in the Hang Seng Composite Index and the Hang Seng Internet Technology Industry Index after the market closes on April 14, 2021. (Associated Finance Press)
SoftBank Sun Zhengyi: Consider introducing the services of South Korean e-commerce Coupang to Japan
According to reports, Japan’s SoftBank Group CEO Son Masayoshi told the outside world on Monday that the group’s Internet business unit Z Holdings is considering introducing the services of South Korean e-commerce company Coupang to Japan. Z Holdings just completed the merger of Yahoo Japan and Line this month. By introducing Coupang’s business into the Japanese market, SoftBank hopes to attract more potential investments for its Vision Fund. The Vision Fund currently has an investment plate of 100 billion US dollars. (Sina Technology)
Wal-Mart invested in the establishment of a new Sam Department Store in Suzhou with a registered capital of US$40 million.
It was learned that the Tianyancha App showed that on March 29, Sam (Suzhou) Department Store Retail Co., Ltd. was established with a registered capital of 40 million US dollars. The legal representative is Fang Xiaofeng. The business scope includes food business; catering services; daily necessities sales; Sales of toys, animation and entertainment products; retail of pet food and supplies; sales of new energy vehicles, etc. Shareholder information shows that the company is indirectly wholly-owned by Wal-Mart China Co., Ltd.
Investment and Financing
“Flash Send” completes US$125 million in D2 round of financing
Shantou announced the completion of D2 round of financing of USD 125 million. This round of financing was jointly invested by Shunwei Capital, Wuyue Capital, SIG Hainer Asia, Tiantu Investment, Haisong Capital, Alpha Square Group, Axiom Asia Private Capital, Qianshan Capital and Zhongcai Quanxing Capital, with Light Source Capital acting as the financial advisor. As of the end of 2019, the cumulative service users of flash delivery exceeded 100 million. At present, there are more than 1,600 service categories on the flash delivery platform. (Tencent first line)
Nomura: reiterated the “Buy” rating of China Biopharmaceuticals, and the target price was raised to 9.3 Hong Kong dollars
Nomura released a research report, reiterating the “Buy” rating of China Biopharmaceuticals, and the target price rose 3.68% from HK$8.97 to HK$9.3. According to the report, the company’s revenue in the fourth quarter of last year increased by 12.4% year-on-year, mainly driven by the sales growth of oncology and respiratory products. The management did not have clear profit guidance and expected sales growth to accelerate this year. (Sina Finance)
New consumer brand “Shockwave” completes a new round of financing
It was learned that in February this year, “Shockwave”, the first domestic new consumer brand focusing on amino acid functional health, announced the completion of a new round of financing. This is the second wave of financial support since Shanghai Erbo Biotechnology integrated the Shockwave brand in November last year.
“Vitality Forest” completed a new round of US$6 billion valuation financing
It is learned that, according to a number of people familiar with the matter, Yuanqi Forest has completed a new round of financing, with a valuation of US$6 billion after this round of investment. Among them, Warburg Pincus, L catterton, and Temasek, the newly-entered lead investors in this round, followed suit. In addition, Sequoia China, Gaorong, Longfor and many other old shareholders continued to follow suit. To verify the above information with Yuanqi Forest, the other party declined to comment.
Virtual idol service provider “Wanxiang Culture” received millions of dollars in Series A financing
It was learned that recently, the virtual idol company “Vanxiang Culture” announced the completion of a multi-million-dollar A round of financing. This financing was led by SIG (Hainer Asia Venture Capital Fund). The third round of financing completed within months. This round of financing will be used to accelerate Wanxiang Culture’s industry layout in the field of virtual idols and digital people, and to further improve its business structure.
New Products
Tesla and Toyota are considering jointly developing a small SUV platform
According to media reports, Tesla and Toyota are testingThe total investment scale is about 200 billion yuan, helping to build an electronic information industry belt with a trillion-level output value in the southwest. (China Business News)
Where to go: Airline bookings increased by 25% during the Ching Ming holiday season
It is learned that Qunar data shows that on March 28, the number of domestic air tickets bookings on the first day of the Singapore Airlines season increased by 20% compared with the day before. Among them, air ticket bookings during the Ching Ming holiday period increased by 25%, and air ticket bookings during the May Day holiday increased by 14 %. Hainan, Yunnan, Xinjiang, Sichuan, Guangxi and other traditional popular tourist destinations saw a significant increase in the number of round-trip ticket searches and bookings during the May Day holiday. The average price of air tickets during the May Day holiday this year reached 978 yuan, an increase of 193 yuan over the same period in 2019, an increase of 25%.
YY Live launched the first live variety show “Anchor, Rush Forward!” 》
It was learned that recently, YY Live announced the launch of the first boutique live broadcast variety show “Anchor, Rush Forward!” “This is a new offline indoor competitive live broadcast variety show launched by YY Live. Starting from March 31st, every Wednesday night at 19:00, YY Live will invite star artists and popular platform anchors to break through the wall, through interactive answering, game competition, talent competition and other teams PK duel.
Dr. Tao Yong entered the Himalayas, and the first medical humanities audio program “Medical Insights” was launched
On March 30th International Physician’s Day, ophthalmologist Tao Yong officially settled in the Himalayas. Himalaya launched the first medical humanities audio album “Dr. Tao Yong|Medical Clearance” in cooperation with Dr. Tao Yong. According to reports, Tao Yong will share the popular science content of eye diseases in the form of audio, and exclusively publish literary creations. In addition, Himalaya also launched the “Eye Color Project” in conjunction with the health service platform Factor Health to recruit more doctors to join the team of eye disease science popularization.