Good morning Friday ~
Let ’s take a look at the follow-up progress of Trump ’s “grudge” because of his tagging incident:
Trump and Twitter “War” Upgrade
@ 上海 科技 【 Special Trump signed an executive order: retaliation for Twitter’s “tagging” behavior 】 In the early hours of May 29th, Beijing time, US President Trump wrote on Twitter “Today is a big day for social media and fairness!” . He then signed an executive order that imposed restrictions on the exemption clauses of social media under the Federal Communications Act. Obviously, this is a retaliatory measure against Twitter.
Tweets on Tuesday accused Trump of accusing “postal ballots may be falsified” for the first time that “the facts should be checked” and provided links to relevant webpages to guide audiences to the news media to inquire about relevant content and identify the content as true Pseudo. Although Twitter did not directly delete Trump’s remarks, this “slap” label undoubtedly greatly weakened his Twitter influence.
@ 上海 科技 【 Twitter CEO Jack Dorsey: Support” tagging “for Trump ] On the evening of May 28, Beijing time, according to foreign media reports, Twitter CEO Jack Dorsey said today, He supported Twitter’s decision to verify the facts of the two “tweets” (Twitter messages) of US President Donald Trump, even though this decision led to strong accusations from Trump and his allies.
In response, Twitter CEO Dorsey said today that he supports the company ’s decision. Dorsey said Trump’s “tweets” may mislead people into thinking that they don’t need to register to get votes. In fact, only registered voters will receive votes.
What ’s wrong with Ruixing
@ 上海 科技 【 Swiss Fortunately, it was exposed to the sale of vouchers to the chairman ’s affiliated company for false increase. ] On May 29, there were reports that Ruixing Coffee, which broke the accounting scandal, sold the vouchers to the chairman and controlling shareholder ’s affiliate Ways to increase sales. The report quoted internal documents and public records that a fictitious buyer also processed more than 140 million US dollars in payments for materials and services. A representative of Ruixing Coffee did not immediately respond to a request for comment. The US Securities and Exchange Commission declined to comment.
Two news from Jingdong
@ 虎 闻 [JD Strategic Investment Gome Retail] On the evening of May 28th, Gome Retail (00493.HK) released an announcement announcing in-depth strategic cooperation with JD (NASDAQ: JD). JD.com also announced a strategic investment in Gome Retail to subscribe for overseas convertible bonds issued by Gome Retail for US $ 100 million. Gome announcement shows that Gome issued US $ 100 million convertible bonds to JD. The initial share conversion price was HK $ 1.255 per share, which is a premium to Gome Retail ’s closing price on May 28 and the average closing price of the five consecutive trading days as of May 27. 37.91%.
@ 21 金融 【 “Kaiser” plans to acquire JD.com All the shares of Tuniu held by the company have a market value of more than US $ 67 million. On the evening of May 28, Caesars Tourism announced that its controlling shareholder, Caesars Group, and JD.com reached a cooperation intention on all Tuniu shares held by the latter. The announcement shows that the two companies under JD.comDon’t hold about 12.4348 million shares of Tuniu Class A common shares and 65.625 million shares. If the transaction goes smoothly, Caesars Group will hold a total of approximately 78.061 million shares in Tuniu, with a shareholding ratio of 21.1% (representing 14.8% of voting rights).
Volkswagen China Chengguoxuan High-Tech Major Shareholder
@ 虎 闻 [VW China Chengguoxuan High-Tech Major Shareholder] On the evening of May 28, Guoxuan Hi-Tech announced that it had signed the “Guoxuan Hi-Tech Co., Ltd. Non-Public Issuance of A Shares” with Volkswagen China. According to the agreement, the Share Subscription and Strategic Cooperation Agreement with conditions in effect, Volkswagen China will hold 440,802,578 shares of Guoxuan High-tech, accounting for 26.47% of the total share capital, and is the largest shareholder of Guoxuan High-tech.
The two sessions have closed, and the earnings season has not yet passed. Let ’s first look at the results disclosed by these companies:
Affected by the epidemic, Ctrip turned from profit to loss
@ 上海 金融 【 Ctrip Net revenue in the first quarter was 4.7 billion yuan, a year-on-year change from profit to loss ] On the morning of May 29th, Beijing time, Ctrip.com (Nasdaq: TCOM) announced today that the first quarter of the year ended March 31, 2019 Audited financial performance. The financial report shows that Ctrip’s net revenue in the first quarter was 4.7 billion yuan (about 669 million US dollars), a decrease of 42% compared with the same period last year and a decrease of 43% compared with the previous quarter; the net loss attributable to the company’s shareholders was 5.4 billion yuan (approximately 754 million US dollars), compared with the net profit attributable to shareholders of the company at the same period last year was 4.6 billion yuan, and the net profit attributable to shareholders in the previous quarter was 2 billion yuan.
@ 虎 闻 [Total revenue in the first quarter was 1.37 billion, Weilai ’s revenue was less than expected] On May 28, Weilai released its first quarter 2020 financial report. Weilai ’s first quarter total revenue was 1.37 billion, operating The loss was 1.57 billion yuan, a sharp decrease of 44% month-on-month. Revenue in the first quarter fell short of expectations, and the pre-market decline quickly expanded to 11%. Weilai expects to deliver 9,500 to 10,000 units in the second quarter of this year, setting a quarterly delivery record. Among them, Weilai delivered 3155 units in April this year.
Ali Pictures ’net loss for fiscal year 2020 is 1.151 billion yuan, a year-on-year increase of 353%
@ 上海 科技 【 Ali Film Industry ’s revenue for fiscal year 2020 is 2.875 billion yuan, a year-on-year decrease of 5%. On the evening of May 28, Ali Pictures released its 12-month financial results as of March 31, 2020. During the reporting period, Alibaba Pictures revenue was 2.875 billion yuan, a year-on-year decrease of 5%; operating loss was 981 million yuan, a year-on-year increase of 97%; net loss attributable to the company’s owners was 1.151 billion yuan, an increase of 353%; adjusted interest and tax amortization The loss before sales (adjusted EBITA) was 722 million yuan, an increase of 21% year-on-year.
LeTV delisting period will end on July 20th