1. heavy! Pass 360 phone and hammer technology are negotiating a merger;
Set micro-grid reported on March 2
This afternoon, a number of domestic media sources said that informed sources revealed that 360 mobile phone and hammer technology is currently under negotiation to conclude the merger, so far the final transaction has not yet been reached.
It is reported that 360 Chairman Zhou Hongyi and Hammer Technology CEO Luo Yonghao intent on the merger of the two sides before the Spring Festival in 2018 have already begun to contact the current team has seen both sides.
Previously, Zhou Hongyi said in public that 'Lao Luo is still doing well, but with bad luck.' However, in the opinion of the insiders, the two mergers do not come from the same situation but are more forced by the situation.
Data show that in 2017 China's smart phone market, the top five vendors more than 75% market share, leaving only 24.3% of all remaining companies.This shows the current market is in a state of extreme differentiation and the market is expected to concentrate the next two years Degree will be further exacerbated.
The industry said that at present except for one plus, 8848, Mito and other small brands to make money, the other small brand manufacturers are at a loss.Further focus on the market for small and medium brands is very unfavorable, we can foresee a large number of manufacturers in the next two years will collapse For example, the original sub-brand ivvi Cool Group has stopped mobile phone development and production.
Although Zhou Hongyi repeatedly reorganized the mobile phone business, 360 mobile phone sales have been unable to break through the past two years, sales have remained at around 500 million, the first breakeven in 2017. Previously, 360 mobile phone president Li Kaixin said 360 mobile phone will continue to be steady and steady, not Impatient, to maintain growth, for profit, step by step up.
While the hammer cell phone has been at a loss.Data show that only a net loss of 428 million in 2016 alone in 2016. In the extremely difficult, hammer handset received a 1 billion yuan of round of financing in 2017. Among them, the Chengdu Municipal Government funded 600 million yuan.
The two mergers rumors, the industry said that mobile phones are highly personalized consumer electronics products, after two brand positioning, corporate culture is completely different, even if the capital level mergers, the brand level will face many problems in the future. Hammer Technology CEO Luo Yonghao responded by saying: 'Do not blind guess, you do not have to worry about, we are good now, better than the best period in history, if not say what is not good, that is far Far better than your imagination a few important good news, is not yet announced ... but I can for a while, happy holidays' (proofreading / blue sky)
2. Why millet difficult to A-share market? VIE behind the structure of 'dad who' is who?
These investors with strong resources in the different stages of millet to give strong help, will also be the absolute protagonist of the harvest season.
"Financial" reporter Chen Xiao Xiao Liu to Qin / Wen Xie Li Rong / editor
Millet IPO concern resurgence rumors March 1 investment community reports that the millet IPO may finalize the A + H shares of the double line by the "Financial" survey found that millet landing A shares is unlikely, and if Millet eventually chose to offshore companies as the main market, Qualcomm, India Tata Group and other overseas agencies will be the beneficiaries.
Millet will be listed on the A-shares and Hong Kong stocks rumors, millet said no comment.
(Map source network)
Like BAT, millet is a VIE-based company comprised of offshore holding companies, Hong Kong companies and domestic entities. VIE refers to Variable Interest Entities. If Chinese companies wish to list overseas and meet Regulatory requirements must be based on the VIE structure, which is made up of domestic entities and offshore companies that overseas investors can take over by buying shares in offshore holding companies.
The outside world generally believes that Lei Jun holds 77.8% of the millet technology for the domestic entity companies, the remaining three holders of millet technology are also from the founding team, including Li Wanqiang hold 10.12%, Hong Feng holds 10.07%, Liu Dezhan 2.01%.
In addition to the above individual shareholders, there are institutional shareholders Xiaomi, all shareholders of the equity structure is reflected in the offshore holding company Xiaomi Corp., rather than millet technology.
Caijing learned from an internal source at Xiaomi shareholders that Xiaomi Corp., an offshoring company of Xiaomi, is registered in the Cayman Islands and ultimately controls Xiaomi Technology Co., Ltd. through its VIE structure.
Meanwhile, the offshore company holds 100% of the equity interest in XiaomiH.K. Limited, which controls the actual entities in Xiaomi through several home-subsidiary agreements.
Millet Hong Kong's role is more like a financial platform, overseas institutional investors are investing through the structure of its built VIE.Up to now, millet has experienced five rounds of financing:
A round of 41 million US dollars financing, investors IDG, Shun, Chen Hing and so on;
B won $ 90 million from IDG, Qualcomm, Temasek and Qiming.
Round C attracted US $ 216 million investments in Russian funds DST / Yuri Milner (China) and Temasek;
D round by the Russian fund DST / Yuri Milner (China) investment, the amount was not disclosed;
E round of 1.1 billion US dollars investment, investors include the Singapore government investment, Magnolia, Yunfeng and so on.
An expert on VIE told Caijing that Xiaomi's financing route is that the founding team controlled the shares of offshore companies through BVI companies and then diluted the shares to investors so as to obtain the U.S. dollar. To domestic entities.
The experts believe that if the millet to be listed on the A-shares, it is necessary to cut all these links, or buy back the shares of these overseas investors, or by way of substitution, the cost will be great.
Another A-share analyst told Caijing that unless backdoor listing like the 360, at least two years will be required to be listed according to the current A-share listing requirements. According to previous rumors, the most likely listing will still be in Hong Kong.
The VIE expert on the "financial" analysis, if the Hong Kong IPO, Hong Kong companies or offshore companies listed are likely to eventually look at all aspects of Xiaomi considerations; main business individual shareholders (individual technology millet), must Offshore companies will be held directly or indirectly, to protect the rights and interests outside.
Although the ownership structure of offshore companies is not known at present, it can be seen from the history of financing that there is no shortage of heavyweight foreign investments that have helped strategically the development of millet.
Chip giant Qualcomm not only to provide financial support, but also has been an important supply chain partner of millet .In 2015, Qualcomm and Xiaomi reached a patent cooperation agreement, the same year, former Qualcomm senior vice president and Greater China president Wang Xiang joined Xiaomi Any senior vice president.
Qualcomm blessing to avoid millet millet a lot of patent prosecution, and succeeded Hugo Bala in charge of international business Wang Xiang, with the background of Qualcomm, Xiaomi's internationalization has taken shape.
A senior mobile phone industry told the "Caijing" reporter, Qualcomm is likely to support millet to open up the US market, which makes some Chinese mobile phone manufacturers under pressure. 'Such as Huawei, the United States has always been Huawei's unprofitable market.' The above said .
In recent years, the strength of millet in the Indian market, but also with the institutional investors are not unrelated.According to Reuters, 2015 India Tata Co., Ltd. CEO Laden • Tata has bought some millet shares, Tata Limited The company is the holding company of Tata Group and is considered a strong endorsement of Xiaomi's presence in the Indian market, although the exact amount has not been disclosed.
Counterpoint data show that in January this year, millet has become India's market share of the first brand, ending the rule of Samsung for as long as 6 years.An Indian mobile phone dealer in the frontline told "Finance", millet can quickly rise, In addition to the price adjustment, in part because of the policy, Xiaomi already has two factories in the area.
These initial investors, with their strong resources, are strongly assisted by the different phases of millet growth and will be well rewarded if the ultimate offshore listing is available.
The internal materials obtained by the "Finance and Economics" show that Xiaomi has held a listing and start-up meeting on January 19 this year and plans to have an estimated value of about 200 billion U.S. dollars, which will make Xiaomi more than Baidu (80.9 billion U.S. dollars) BAT becomes ATM.
Some people think that it is because millet has always been good at playing boxing, non-stop for suppliers, capitalists and other members of the ecosystem hit the hearts and minds, which in turn allows the valuation soared from 250 million in 2010, almost doubled every year Rose to E round of financing by 2014, millet has been valued at 45 billion U.S. dollars, a 180-fold increase.
An investor close to millet told Caijing that prior to listing, the shareholders of the company had a priority right to dividend. In 2014, the Wall Street Journal reported that millet had a profit of 3.46 billion yuan, which was the same as the 349 million yuan disclosed by Xiaomi A long way to go ... 'Xiaomi concealed that part of the profits assigned to institutional shareholders, but the listing, we must standardize the process.' The investor said.
3. Samsung Network Business Manager: We will beat Huawei in 5G technology;
According to "South Korea Times" Beijing time on March 2 reported that Samsung Electronics Network Director Kim Young-ky recently confidently said that despite the increasingly fierce competition from rivals in China, but Samsung will become the mainstream 5G equipment suppliers .
Reputation is paramount in the selection of telecom infrastructure providers, and telecom operators can not pre-test network equipment because of the lack of access to mobile phones. "Kim Young-ky is having a hard time choosing a supplier without long-term mutual trust. Said at a press conference at the World Mobile Communications Congress (MWC).
'To enter a new market, a company often takes five to ten years to gain recognition, and I think the Korean wireless operators will consider these factors as well as the price,' he said.
In the field of 5G equipment, Huawei is expected to become the biggest threat to the development of Samsung, which is currently the world's largest supplier of telecommunications equipment.
The South Korean government plans to complete the 5G spectrum auction by June of this year to meet its target of deploying 5G communications by March 2019. Both South Korea's three major carriers, SK Telecom, Korea Telecom and LG Uplus, said they were right due to competitive prices Interested in Samsung's equipment. SK Telecom and KT are Huawei's long-term partners.
Kim Young-ky said: 'We have been in a highly competitive Japanese market for 10 years. We are very proud of our technology and want to make it available to the most important South Korean market.'
Kim Young-ky also said that Samsung hopes to use 5G technology as a stepping stone to develop the company's network business.
'The 5G commercial competition is heating up and having a variety of 5G-related business models to be proactive in the coming 5G era will be critical,' he said.
At this year's MWC, 5G technology takes center stage and many companies demonstrate their capabilities, with industry predictions that 5G networks will be able to transmit data 100 times faster than current 4G LTE.
Samsung believes that the introduction of the 5G era will lead to smart phone-centric wireless service expansion to other areas, and bring about great changes, such as in autonomous vehicles, factories, stadiums, urban infrastructure.
Samsung's 5G Fixed Access (FWA) technology has been approved by the US Federal Communications Commission, and the South Korean company has been selected as the vendor's commercial 5G fixed-line access system by Verizon, the nation's largest wireless carrier. By 2018 In the second half, Samsung's 5G platform will be deployed in Sacramento, California.
"The partnership with U.S. wireless carriers Verizon and Sprint paved the way for Samsung to expand its presence in the U.S. market," said Kim Young-ky.
4. A new generation of Android is expected to natively support iris recognition;
Relative to the current iOS only supports Fingerprint Identification (TouchID), Face Recognition (FaceID) two biometric technology, Android camp with a lot of biometric technology to choose a lot, including the iris is not easy to be fake iris identification is one Depending on the recent submission of AOSP (Android Open Source Project), it may be that in the future Google may incorporate iris recognition into the unlocking technology native (built-in) support for the new generation of Android systems.
For biometrics, Google included unlocking the face as native support as early as Ice Cream Sandwich (Android 4.0 ~ 4.0.4), but after native support for face unlocking and fingerprinting (Android 6.0 inclusion), the next one was Incorporating biometric support native to Android, there is a chance of iris recognition.
In the past, the more well-known mobile phone with iris recognition should belong to Samsung Galaxy Note 7 (it is not the first, the first production-enabled iris recognition mobile phone is the Fujitsu Arrows NX F-04G), after a battery explosion, the iris recognition until The arrival of the Samsung Galaxy S8 was more widely discussed. "Android Polive" found that recently a group submitted to AOSP the iris recognition as a biometric identification code.But because this is the development of biometric-related sensors, the chip Fingerprint The software engineers presented by Cards may submit just the tactics they've put in place to sell their products.
However, it is currently not possible to rule out the possibility that this feature could be formally integrated into AOSP by Google, in other words, iris recognition has the potential to become one of the native features of the new Android system in the future, and represents OEMs' Iris recognition feature added to the phone to further enhance the security.
In addition to this feature, through the AOSP website content, it has been shown that Google includes the ability to record calls into AOSP, meaning that the next-generation Android system (Android P) may have built-in call recording capabilities. In addition, Google It is also possible to add the function of "Restrict Background App Call Camera" to Android P, to prevent users from using mobile phone cameras to record (monitor) possibilities.
Google has confirmed that this year's developer conference will be held between 5/8 and 5/10. In addition to the next-generation Android system, AR (Augmented Reality) and VR (Virtual Reality) It will be an important focus for this year's developer conference
5. Opposing vivo X21 OPPO official exposes the new machine R15;
Set micro-mesh news, vivo opened the APEX full screen concept mobile phone mystery, the consumers were shocked, really black technology full.Thereupon received a lot of vivo vivo praise, make people admiration for vivo, the same body As one of the 'international manufacturers' OPPO naturally can not let vivo thriving, so February 27, 28 OPPO signed Zheng Kai, Yang Zi to deal with.
vivo X21 new machine was exposed by many media, is said to be listed later this month, this time OPPO was impatient, and can not always use the tricks of the previous signing star bar, then use it, it is estimated to be a joke , So also resorted to the tactics of the new machine.
Today around 10 o'clock OPPO official release of their own full screen new machine R15 posters, the theme of '2018 full-screen ultra-field of vision, breathtaking strikes!'
From the poster we can clearly see the front of the new machine, which has a similar bangs with the iPhone X, because we did not see the back, so we have no way of knowing whether it will use the fingerprinting under the screen technology, but according to previous users Micro Bo release exposure map to see, OPPO R15 is still using post-fingerprint recognition.
In terms of hardware configuration, OPPO is expected to compete with vivo vivo Snapdragon 670 processor starting.According to the information of the China Quality Certification Center official website, OPPO's PAAM00 / PAAT00 has passed 3C certification, equipped with the same charger models and OPPO R11s, Both support 5V / 4A VOOC fast charging technology.No accidental words, they are OPPO announced R15 today.
As OPPO new machine release time, starting from the official start of the progress of publicity, R15 should be released at the end of the month. (Proofreading / Xiaoqiu)6. Overseas operators exposed Huawei P20 Lite version related parameters;
Set micro-mesh news, Huawei will be held on the 27th of this month in Paris, France on the theme of 'SEE MOORE WITH AI' new conference, the protagonist of the conference posters will be able to see that the P20 series is superior camera capabilities. From media reports we learned that P20 series is divided into Lite, Standard Edition, Pro three versions, about their pictures, parameters, etc. As the official did not announce, can only guess, people scratching their heads.
As the conference date approaches, some operators closely related to Huawei began to expose some of the product information. According to the Spanish version of Engadget, the Huawei P20 Lite version has appeared in the product promotion of Vodafone The directory is up
From the product catalog, Huawei P20 Lite version comes preloaded with Android 8.0 system, equipped with 4x2.36GHz + 4x1.7GHz octa-core processor (from the point of view of the frequency is the unicorn 659 processor), 5.84 inch size FHD + Screen, 16 megapixel + 2 megapixel rear row camera, 1600 megapixel front camera, supplemented by 4GB + 64GB storage, equipped with 3000 mAh battery, blue, black two color can be Election, priced at 369 euros (about RMB 2878.31 yuan)
However, Vodafone released Huawei P20 Lite version parameters and broke the big God @ evleaks disclosed in the foreign website Venture Beat is different, @ evleaks said Huawei P20 Lite version will be equipped with a 5.6-inch full screen, support for 1080 × 2250 resolution and 18: 9 aspect ratio, equipped with unicorn processor 659, built-in 3520 mAh battery, supplemented by 4 +64 GB storage, rear 16 megapixel vertical dual camera, preloaded Android 8 Oreo based EMUI 8.0 system.
In the face of such a big discrepancy, between the gods that broke the news and foreign operators, who should we believe? Perhaps only Huawei knows the answer. (Proofreading / Xiaoqiu)
7. SEC downgrade the cryptocurrency of a large number of subpoenas allegedly violated by the SEC;