Huawei is in talks with 2D and Ziguang to buy more chips

BEIJING, June 1 (Xinhua) -- Huawei plans to buy more mobile phone chips from rival MediaTek and mainland mobile chip maker Ziguang Zhanrui, foreign media reported late On June 1. Huawei is in talks with MediaTek, the world's second-largest mobile chip developer, and Unisoc, China's second-largest mobile chip design company, to buy more chips to ensure the normal operation of its consumer electronics business, the report said. Developing its own cutting-edge chips has been a key strategy for Huawei, which has helped it stand out in the global market for mobile phones and other devices. (Sina Technology)

NetEase disclosed the prospecto: The highest capital raising on June 11 was HK$24.49 billion

On the morning of June 2, NetEase filed a prospecto on the Hong Kong Stock Exchange website. NetEase will issue more than 171 million new common shares in the offering, with a maximum public offering price of HK$126 per share, according to the prospecto. NetEase common stock will be listed on the main board of the Hong Kong Stock Exchange under the name "9999.HK" and is expected to comm day trading at 9 a.m. on June 11, 2020. COKIN, Credit Suisse and JPMorgan Chase serve as co-sponsors, co-global focal points and contact book managers.

It has been disclosed that, based on the indicative offering price of HK$126 per share for the Hong Kong public offering and the international offering, after deducting the projected underwriting fee and the projected offering expenses payable by us, the net amount raised from the global offering is estimated to be approximately HK$21.28 billion, and after deducting the projected underwriting fee and the projected offering expenses payable, it is estimated that the net amount raised from the global offering is approximately HK$21.28 billion; NetEase's net global offering will be used in three parts: 45% for globalization strategies and opportunities, 45% for driving the company's ongoing pursuit of innovation, and 10% for general corporate use. (Sina Technology)

WeChat denies monitoring users' chat history

Recently, there was a short video claiming that "WeChat is listening to your chat history" and teaching the so-called "one-minute off" trick in the video.

In response, WeChat officially said: "Tencent's advertising label is aimed at the user group, not individual users, and all advertising is encrypted, and WeChat ads are based on the user's legitimate authorization and Tencent's data technology support was born, can protect the security of user privacy." Listening, monitoring user chats, and pushing ads, WeChat would never do that. In general, advertisers choose to target their ads to a wide audience, so it's easy to see a coincidence that users receive ads that "just happen" to be similar to their daily chats/browsing content. This is not a 'listening, monitoring' user chat, but a normal probability event.

The Beep Mile Video Satellite is scheduled to launch in June and will be used for Station B Science

On June 1st Station B plans to launch a remote sensing satellite called the Beep Mile Video Satellite in late June this year, and the remote sensing video and image data from the satellite will be used for Station B science. The satellite is a special gift to all curious people on Children's Day, encouraging people to stay childish, remain curious and explore the larger world.

SMIC returns to A-shares! It plans to raise $20 billion for three major projects

One year after de-listing from the NYSE, SMIC is one step closer to A-shares.On June 1, according to the SSE website, SSE has accepted the application for listing of SMIC Integrated Circuit Manufacturing Co., Ltd. SMIC plans to raise Rmb20bn, with the co-sponsors (main underwriters) Haitong Securities and COFKIN, and the co-underwriters guotai Junan, CITIC Construction Investment, Guoding Securities and Morgan Stanley Huaxin Securities.

According to the prospectose, on June 1, SMIC's special general meeting of shareholders deliberated and adopted the Resolution on the Issue and Special Authorization of RMB Shares and the Resolution on the Use of Funds raised by RMB Share Issue, and the Company intends to issue no more than 168 shares to the public. 5.62 million shares of RMB common stock (before exercising the option of over-allopening), the net amount of funds raised after deducting the issuance fee is 20 billion yuan, and the following projects are planned to be invested: 12-inch chip SN1 project (8 billion yuan), Reserve funds for advanced and mature technology research and development projects (4 billion yuan) to supplement working capital (8 billion yuan).

The total number of shares issued after the issue does not exceed 6,742 million shares, of which no more than 1,686 million are A shares and about 5,057 million hong Kong shares (before the exercise of the over-allopending option). The sponsor will arrange for Haitong Securities and COG to participate in the strategic allocation of the offering. (Daily Economic News)

Dada Update prospecto: Pricing range of $15-17 raised about $300 million

Yesterday, Dada Group filed an updated prospectus with the Securities and Exchange Commission, which showed an IPO price range of $15-17 per American Deposited Stock (ADS) and an expected 16.5 million ADS, representing four common shares per ADS.

The valuation is estimated to be $3.5-4 billion. Based on the median price range, the Duda Group raised about $303 million if the "green shoe mechanism" was fully exercised, and the updated prospectos revealed that existing shares in Tokyo East and Wal-Mart are interested in becoming cornerstone investors, with subscriptions of $60 million and $30 million, respectively. Dada Group Founder and CEO 蒯 will continue to serve as Chairman and CEO of the Board of Directors after the listing, and the company's business will remain independent. (Sina Technology)

Five billion! Dong Mingzhu with 30,000 dealers live with a new high, to transform the new retail

On June 1st, Dong Mingzhu, chairman of Gree Electric, brought the goods live again, unlike on previous occasions, this time with 30,000 offline stores. Later that day, Gree Electric disclosed the day's online sales performance, from the early hours of June 1 to the evening of 22:03, Gree's own e-commerce channels plus dealers channel turnover of a total of 5 billion yuan.

Obviously, whether it is the number of people involved in the live belt, or the statistical method of sales, Dong Mingzhu's joint broadcast with the general entrepreneurs and the network red anchor belt, is not a concept. It is understood that the day a total of 30,000 dealers involved, the dealer product promotion efforts consistent, unified prices. According to Dong Mingzhu, through the day's large-scale live broadcast, Gree Electric officially opened a new retail era. (Ting)

U.S.-listed first quarterly loss intensifies Audio first lychee faces "internal and external worries"

On January 17 this year, Lychee landed on NASDAQ, becoming china's first online audio stock. Now, four months later, on May 22nd the company released its first-quarter 2020 results, its first financial debut since Lychee went public. From this report card, Lychee in the revenue hit a new high at the same time, but also faced with continued loss of profits, a single profit model problems. In addition, the old rival Himalayan, short video head platform shaking sound are intended to enter the audio broadcast this segment of the track share. "Ear economy" imagination is gradually excavated at the time, as the first wave of online audio lychee is facing internal and external difficulties.

In terms of financial data, Lychee's revenue for the first quarter ended March 31 was RMB370.3 million (RMB, same as 19 per cent), up 42 per cent from a year earlier, and gross margin was 20 per cent, ending a continuing decline in 2019, with 30 per cent, 29 per cent, 20 per cent and 18 per cent in the first quarter to the fourth quarter of last year, respectively. (Thinking Finance)

Shaken Sunflower Program Upgrade: Invite 100 expert celebrities to create youth protection classes

On Children's Day on June 1st, JiYin announced a new upgrade to its Sunflower Program, which focuses on the healthy growth of young people: 100 expert celebrities will be invited to create youth protection courses, produce animations of the safe growth of young people, set up the Sunflower Program "Child Protection Expert Group", and launch the function of youth guardian.

In July 2018, Jiyin launched the Sunflower Program, which introduced 10 measures to protect young people at multiple levels, including auditing, products and content, and pioneered the introduction of the youth model in the industry.  It is understood that the sunflower program "child protection expert group" will also focus on the safety education of minors of different ages, psychological growth and other aspects, design easy to accept the curriculum, through free lectures, online courses and other ways, with parents, children, schools to systematically explore how to help minors grow up healthy. (Interface)

Pulse: The net inflow of returning students into the top ten cities, Shanghai, Beijing, Shenzhen ranked in the top three

According to the workplace social platform pulse statistics, from November 2019 to April 2020, the number of new registered users with overseas study experience increased by 213 percent, and from January to April 2020 the growth rate was 72 percent. May 1, 2019 - April 30, 2020, the net inflow of returning students into the top 10 cities, Shanghai, Beijing, Shenzhen ranked in the top three, Hangzhou, Suzhou, Dongguan, become the first-tier cities outside the choice of returning students. (36 x)

China Insurance and Alibaba Cloud signed a 700 million single to build a new generation of core systems to accelerate the de-IOE

On June 1, China Financial Insurance and Alibaba Cloud signed a 700 million yuan financial cloud single, using all-distributed, Central Taiwan and other technologies to build a new generation of core business systems, gradually replace the traditional IOE architecture, accelerate the process of digital transformation. It is reported that this is the first time in the history of the insurance industry based on the hybrid cloud model to build a core system, the amount of cooperation of nearly 700 million yuan, but also become the domestic financial cloud field to date the first single. (Rai Feng.com)

BYD has reached a battery supply agreement with Ford Motor Co

ON the evening of June 1, a document on the Ministry of Industry and Information Technology's website showed that BYD would supply electric vehicle batteries to Ford Motor Co., the U.S. automaker. The Chinese joint venture between Ford Motor Co. and Changan Motor Co. is seeking government approval to produce a plug-in hybrid with BYD batteries, the documents show. It marks the first time BYD has reached a battery supply agreement with the world's major carmakers. (Interface)

Pepsi's company has officially acquired Pershing, which operates independently as an independent brand

Leisure zero food brand bai grass taste yesterday issued an internal letter, confirmed that Pepsi's acquisition of grass taste deal was approved, hundred grass taste officially hand Pepsi, and become Pepsi's Asia-Pacific and Pepsi Foods, Pepsi Beverages and other side-by-side business units, to maintain independent brand, independent operation, hundred grass taste of the original executive team and operating model unchanged. As early as February 23, Pepsi Co., Ltd. announced that it had reached a final agreement with Good Health Foods Co., Ltd. to acquire its Hangzhou Yums Food Co., Ltd. for $705 million. (NetEase Technologies)

TSMC may invest T$300 billion to build a new plant and enter high-end sealing services

TSMC plans to build a new high-end IC packaging and testing plant in Miaoli County, Taiwan, in the zhunan district of the Hsinchu Science Park, which will be completed in May 2021 and will begin operations in a few months, the Taipei Times reported.

On May 12, TSMC held a meeting of the company's board of directors, at which it approved an expenditure plan worth T$168.2 billion (about RMB40 billion) as part of its investment in the plant. However, TSMC will invest T$303.2 billion (about 72.1 billion yuan) to build the plant, taiwan's largest ever single investment, Xu Yaochang, the county commissioner, wrote on Facebook. TSMC declined to say how much it would invest. (Rai Feng.com)

Microsoft responds to plagiarism app Get: affirming the original author's contribution

Last week, AppGet creator Keivan Beigi wrote a blog post calling Microsoft -- saying that Windows Package Manager had almost plagiarized his stuff, foreign media reported. According to him, as a talent acquisition, Microsoft contacted him and gave him a full day's interview, then remained silent for six months.Apparently, in that day's interview, he was discussed about what was feasible and what was not feasible in AppGet's plan.

Microsoft responded by praising Beegi for many windows Package Manager features, such as no scripts during installation, rich inventory definitions in GitHub, support for all types of Windows app installers, and seamless updates to applications. However, this does not appear to be a clear apology, but an admission that he "didn't do it on Keivan and AppGet."

Andrew Clinick, the author of the reply, also admitted that he did meet Beigi last summer and heard his views on what Windows package managers should look like. (cnBeta)

Global iPhone sales down 8% in the first quarter of 2020 Smartphones as a whole down 20%

Apple's iPhone sales fell 8.2 percent in the first quarter of 2020 from a year earlier, with the company selling 40.92 million iPhones in the quarter, down 3.7 million from 44.57 million in the first quarter of 2019, according to data researcher Gartner today.

The smartphone market as a whole was also sluggish, with sales down 20.2 per cent year-on-year. Sales at other smartphone makers fell even more sharply than Apple's. Samsung's sales, for example, fell 22.7 per cent year-on-year, while Huawei's fell 27.3 per cent. Xiaomi is the only smartphone maker with a slight increase in sales. (Sina Digital)

Companies such as Sony Google have announced they are postponing the launch because of mass protests in the United States

BEIJING, June 2 (Xinhua) -- Sony has announced it will postpone a virtual press conference for the PlayStation 5 console, making it one of the most watched corporate events postponed because of protests against police brutality in the United States, foreign media reported.

EA also canceled the Madden NFL 21 launch scheduled for Monday. Airbnb said its CEO, Brian Chesky, was also not prepared to discuss the holiday rental site's vision for the future of the travel market via video message. Alphabet-owned Google also postponed the launch of its Android 11 mobile operating system, scheduled for June 3.

Facebook employees went on a virtual strike to protest Trump's violent comments

BEIJING, June 2 (Xinhua) -- Facebook employees staged a "virtual strike" on Monday to protest the company's policy toward a recent post by U.S. President Donald Trump, foreign media reported.

Dozens of Facebook employees publicly announced their participation in the protest on Twitter, expressing disappointment and shame at Facebook executives' decision not to delete a post Trump posted on Thursday in which he wrote: "Shoot if you dare to rob." The employees said they believed such posts violated Facebook's platform standards, and the company's policy states that Facebook "removes language that incites or promotes serious violence." Mr. Trump's comments, both on Facebook and Twitter, caused a great controversy.

Unlike Facebook, Twitter tagged Mr. Trump's tweets, warning users of his violent comments and prohibiting them from liked or retweeted. (Sina Technology)

Uber and Lyft suspended operations in some U.S. cities during curfews

BEIJING, June 2 (Xinhua) -- Uber, Lyft and takeaway company DoorDash have suspended operations in some U.S. cities in order to comply with curfew orders. Anti-racism protests over the deaths of African-American men by white police officers continue to spread across the United States. Over the weekend, violence and looting broke out in several U.S. cities as protester groups clashed with law enforcement officials, leading to curfews for residents in several U.S. cities. Uber said it had suspended services in Los Angeles, Oakland, San Francisco and parts of Minneapolis. (Sina U.S. Stock)

Analysts say Apple is on track to achieve a market capitalization of $2 trillion over the next four years

Analysts at Vercore ISI believe Apple is on track to achieve a market capitalisation of $2 trillion over the next four years, helped by earnings growth and a boost from its services and wearables businesses. Evercore ISI analyst Amet Daryanani expects Apple's share price to reach $550 in "optimistic circumstances" driven by the expansion in gross margins. Apple's market capitalisation is now $1.38 trillion. (Bloomberg)

Zuckerberg donated $10 million to help tackle racial discrimination

BEIJING, June 1 (Xinhua) -- Facebook CEO Mark Zuckerberg pledged $10 million in a post Sunday local time to address racial discrimination. "What happened last week reflects how much more our country needs to do to make life a dignified life for everyone," Zuckerberg wrote in the post. It reminds us once again that what is happening to black Americans today is the result of a long history of racism and social injustice. Zuckerberg noted that $10 million is not a huge sum to address racial discrimination, but he said he and his wife spend $40 million a year on eliminating racial discrimination through their foundation. (Phoenix Technology)

I'm scared! SoftBank will stop co-investing with Vision Funds

SoftBank plans to stop investing in companies with Vision Fund to clarify its performance goals and responsibilities, foreign media reported. Yoshimitsu Goto, SoftBank's chief financial officer, told investors on a conference call that softbank would consider separating its investment business from the Vision Fund, the report said. SoftBank's move comes at a time when The Vision Fund's investment failure has cost the company billions of dollars.

SoftBank posted a record Y1.4 trillion ($13 billion) operating loss in the fiscal year ended March 31, 2020, largely because of a collapse in valuations of several technology companies invested in Vision Funds. SoftBank reportedly accounted for about $10 billion in losses on investments in shared office giants WeWork and Net-a-Commerce alone. Today, the overall value of the Vision-based portfolio is shrinking, with the fund investing a total of $75bn in 88 start-ups, compared with $69.6bn at the end of March. (Sina Technology)

Apple plans to invest $330 million to build a plant in Taiwan

According to foreign media, Apple (AAPL. O) plans to invest $330 million to build a plant in Taiwan, China, the development of MicroLED displays will be a "top priority", the new Taiwan plant for the future of iPhones, iPads, MacBooks and other equipment to produce LED and MicroLED displays. Apple's partner is expected to be LED maker Crystal Photoelectrectr and LCD panel maker ADA Photoelectrectrectrarial, according to China's Taiwan Purchasing Services (CENS). (DoNews)

Pfizer shares down nearly 8% as breast cancer treatment plan suffers setback

Pfizer Inc. Shares fell nearly 8 percent on Monday after an independent data monitoring committee determined that the drugmaker's breast cancer treatment plan was unlikely to meet the main targets of late-stage research. Pfizer shares fell 7.7 percent to $35.25 in early trading. The company said Friday that a treatment called Ibrace is being tested with standards of care for early breast cancer in both men and women, rather than individually. JPMorgan analysts said in a report that the study was widely seen as having a high chance of success, but the early failure was a major setback for Pfizer, which cut its target price by $1 to $37. (Interface)

Zynga, the social gaming company, has agreed to pay $1.8 billion for Peak, the mobile gaming company

Zynga, the social gaming company, has agreed to buy Peak, a Turkish mobile game developer, for $1.8bn, according to foreign media reports, the largest acquisition since the company's inception. The San Francisco-based company said in a statement Monday that the deal includes $900 million in cash and $900 million in Zynga stock. It plans to complete the deal in the third quarter. The statement confirmed an earlier media report. The acquisition of Peak will bring Zynga a range of popular puzzle games, including Toon Blast and Toy Blast. Video game companies and video and audio streaming service providers are booming as the new coronavirus pandemic drives people to find pastimes. (Tencent Technology)