1. Chen Xudong, former senior vice president of Lenovo Group, changed jobs again and joined the US delegation.
Micronet collection reported on March 17
After leaving the association, Chen Xudong entered the retail sector across the border. The latest news shows that he jumped to an Internet company.
According to the US delegation's comments through internal emails, Chen Xudong, the senior vice president of Lenovo Group, was officially appointed as the senior vice president of the US Mission Group and responsible for the B2B division of the large retail business group.
The US delegation commented that it is looking forward to Chen Xudong leading the B2B division to better serve merchants and provide micro-business merchants with technology-based services to help merchants improve supply chain efficiency, reduce costs, and facilitate the transformation and upgrading of traditional service industries.
According to public information, Chen Xudong graduated from Peking University and also holds the EMBA of China Europe International Business School. He has served as Senior Vice President of Lenovo Group, President of China, President of China and Asia-Pacific Emerging Market, Magical Workshop CEO, President of Lenovo Mobile Business Group and Motorola. Chairman of the Committee and other positions. At the same time, Chen Xudong also served as the executive vice president of Sanpower Group globally, in charge of global 3C retail and exotic business, has extensive management experience in the retail sector.
In fact, the media is so concerned about Chen Xudong because of his experience in Lenovo. He joined the company in 1993. He has been in Lenovo for 24 years and is a veritable Lenovo veteran. In 2011, he was named senior vice president. President, In 2015, he successfully launched the Magic Factory of the Internet Startup Company as the CEO. In June 2015, he served as President of the Lenovo Mobile Business Group; in November 2016, he was responsible for Lenovo Global Services;
In May 2017, Liu Jun returned to Lenovo as the Executive Vice President of the Group and President of China, and led the China Platform and China Region PCSD business. During the same period, Chen Xudong left the association.
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2. Jin Mao and Chen En signed an agreement on strategic cooperation, and jointly created Zhang Jianjing’s first CIDM project;
On March 13, the signing ceremony of the strategic cooperation agreement between China Jinmao and Core Ensemble Co., Ltd. was successfully held in Beijing. Li Congrui, President of China Jinmao, Tao Tianhai, Senior Vice President of China Jinmao, and Zhang Yijing, Chairman of CNG Integration Co., Ltd., etc. Leaders attended the signing ceremony.
Core Ensemble is China's first collaborative chip manufacturing (CIDM) company that was jointly established by Mr. Zhang Jingjing, the father of China's 'Semiconductors', and the team. The scope of business includes the development of semiconductor integrated circuit chips, design services, technical services, test and packaging, and semiconductor materials. , High-end equipment, etc. Among them, the current CIDM niche product planning under construction covers many core components of the international high-end technology industry, and is used in high-end smart manufacturing, rail transportation, smart appliances, automobiles and new energy vehicles, robotics and other fields.
In September last year, Jiwei reported on the Huangpu District government. The Management Committee of the Guangzhou Development Zone signed a memorandum of cooperation on the project with Dr. Zhang Yujing, a leading chip maker in China. Zhang Yujing and the team plan to team up with a chip design company, a terminal application company and a chip manufacturer. Invested RMB 6.8 billion in the construction of CIDM project. After the project is put into production, the output value is expected to reach 3.16 billion yuan. The name of this CIDM company is the Sien IC Manufacturing Corporation (SIMC).
Dr. Zhang Jingjing has made outstanding contributions to the development of China's semiconductor industry, and devoted great efforts to breaking the international monopoly of the domestic chip industry. He was awarded the "International Scientific and Technological Cooperation Award" by the State Council of the People's Republic of China and was awarded the title of "Leader of the Chinese Semiconductor Industry." Dr. Zhang Jingjing and his team are actively preparing for the landing of China's first 'CIDM' (shared IDM) project.
At the signing ceremony, President Li expressed that China Jinmao will work closely with Cun En Integrated in the high-tech field, relying on the concept of 'China's chip/technology industry new city', developing a strategy that is in line with the national strategy, with strong scientific research competitiveness, and strong vitality. City Project. Dr. Zhang Jingjing, Chairman of the Encore Integration Company, stated that China Jinmao is a central state-owned enterprise. In the cooperation and division of work between the two parties, China Jinmao is responsible for the construction of urban ancillary projects and the operation of the new city. The company is responsible for the introduction of international high-end products. The leader of the semiconductor vertical industry chain and field disciplines will introduce the industry into the field. The two sides will form close cooperation, which will highly integrate production with the city, and contribute to industrial import and urban development.
The two parties reached a consensus on the content of the high-tech industry and the cooperation methods. As witnessed by all the staff of the signing ceremony, the responsible persons of both parties signed a cooperation agreement, which signifies China’s Jin Mao and Dr. Zhang Yujing, “Father of China Semiconductor”. The leading core technology formally reached strategic cooperation. It is believed that through the joint efforts of both parties, it will surely achieve a new situation of 'win-win cooperation between urban operations and high-end industries'.
3. Apple's market value flushed one trillion US dollars for the first time and suffered a setback and returned 900 billion yuan;
Tencent Technology News Silicon Valley and Wall Street this year, the most concerned topic is which technology company's market value will exceed one trillion US dollars for the first time, becoming the world's highest value of the company. The current most popular candidate companies include Amazon, Apple, Google , Microsoft's four.
Tencent Technology has found that this week, Apple had launched its first sprint to one trillion US dollars. The 'recent distance' was only 75 billion US dollars, but unfortunately, Apple's stock price has recently fallen, and the first flush has failed.
In the US stock market system of Yahoo.com, Tencent Technology noted that on Monday (March 12th), Apple's stock price and market value created new historical records. The market value of 925 billion U.S. dollars is only 75 billion U.S. dollars away from one trillion U.S. dollars.
For other technology companies and traditional industrial companies, the $75 billion capital market value may be astronomical, but it's not too difficult to increase $75 billion based on Apple's current market value.
But unfortunately, Apple's share price has fallen continuously for several days.
This Friday, Apple's stock price fell slightly by 0.35%, closing at US$178.02. Tencent Technology noted that Apple’s latest capitalization is 903.3 billion US dollars. In the next week, whether Apple's market value can continue to hold the market value of 900 billion US dollars, Still not known.
In the past six months, Apple's market value has been hovering around $900 billion for many times. The iPhone X has become a decisive factor. For example, in November of last year, the scheduled delivery date of the Apple iPhone X was as high as five or six weeks. Wall Street thinks this It is a sign of hot sales of mobile phones, followed by Apple's stock price rose by more than 900 billion US dollars.
However, as more and more news shows that iPhone X mobile phone sales are sluggish, Nikkei reported that Apple's iPhone X production plan was reduced from 40 million to 20 million units in the first quarter, and suppliers’ orders have also been reduced. These news led to Apple's market value fell below 900 billion US dollars.
In the fundamental aspects of Apple's products and business, the company did not have any significant positive effect on the stock price. After the release of the fourth quarter earnings data, Apple's mobile phone sales once again fell into a contraction (has been shrinking for several quarters before). The quarter's outlook is not good, this earnings led to a sharp fall in Apple's stock price.
However, the capital market is the most concerned than Apple’s plans to use foreign cash to return shareholders, this plan may make Apple's share price rose sharply.
At the quarterly earnings analysts' meeting, Apple executives have stated that they will transfer all overseas cash back to the United States, spending heavily in the United States and investing, and even reducing net cash expenditures to zero.
Apple executives said that they will consume overseas cash through three channels, namely mergers and acquisitions, increase shareholders' dividends, and stock repurchases.
Obviously, whether it is to increase shareholder dividends or stock repurchases will help the stock price rise. Among them, Wall Street analysts expect that Apple may continue to increase the total size of stock repurchases, reaching US$400 billion, and the reduction in the number of shares listed on the stock market. Will directly boost Apple's stock price.
Not long ago, the British Reuters reported that if Apple's stock price trend and increase in the past 12 months, Apple may exceed one trillion US dollars in market value in September this year. But before Apple, Amazon may first break this in August A pass.
Apple previously stated that when it releases its first-quarter earnings report, it will announce a detailed plan for returning shareholders. Whether this 'gift pack' will allow Apple's market value to break one trillion US dollars in one breath is worth paying attention.
4. Iqiyi update prospectus maximum US$2.7 billion;
Today (Beijing time March 17th, US time Friday) iQIYI updated the prospectus - submitted the amendment to the SEC to the Securities and Exchange Commission (F-1/A, hereinafter referred to as '1' No. Amendment Document '). The prospectus shows that the total share capital is 4.946 billion, with a valuation of 120-134 billion U.S. dollars.
What has been updated in the new prospectus?
1. iQIYI IPO financing more than 2 billion US dollars, more than 40% higher than the original plan
IGI Arts applied for an IPO to issue 125 million American depository receipts. Each ADS represents 7 shares of Class A common stock. The issuance price range ranges from $17 to $19/ADS, a total of 875 million shares of class A. Together with the underwriters 18.75 million shares were over-allotted. Iqiyi’s maximum fundraising amount through the initial public offering will reach US$7.23125 billion.
However, on February 28th, the IPO application submitted by iQiyi to the SEC stated that it plans to raise funds of US$1.5 billion. The latest announced financing scale is 42%~58% higher than this plan.
2. $1 billion for expanding and strengthening content products, $200 million for strengthening company technology
Iqiyi stated that about $1.088 billion, or 50% of IPO fundraising net expansion and enhancement of content products, has approximately $218 million in net IPO fundraising to strengthen company technology.
3. Iqiyi paid membership exceeded 60 million
As of the end of February 2018, iQiyi’s paying members amounted to 60.1 million, an increase of 9.3 million compared with 50.8 million in 2017. It has surpassed Netflix's user size in the US home market. The size of NeiFei in the United States is 54.75 million. The data of the first publicly submitted prospectus shows that, as of the end of December 2017, the size of its paying members was 50.8 million.
After two months, iQiyi has added 9.3 million new members.
4. iQIYI will adopt dual equity structure
Iqiyi stated in the amended document No. 1 that the company will adopt a double-equity structure. After completing the initial public offering, the company's outstanding shares will include Class A ordinary shares and Class B ordinary shares.
Except for voting rights and conversion rights, IGI Arts Class A ordinary shares and Class B ordinary shares enjoy the same rights. 1 Class A common stock contains 1 share of voting rights; 1 Class B common share contains 10 shares of voting rights, and can be converted Grade A common stock. In all cases, Class A common stock cannot be converted to Class B common stock.
You can review the content of the previous prospectus by the way.
1. It is expected that after the IPO, Baidu will still be the controlling shareholder of iQiyi
It is expected that after the IPO, Baidu will still be the controlling shareholder of iQiyi. The second and third largest shareholders are Xiaomi, which will join ISK in 2011, and HH RSV-V Holdings Limited. Previously, Tiger sniffing published an article saying that the most important meaning of the rise of iQiyi member services for Baidu is 'for ceilings', the former for the latter, 'more than merit'.
2. iQIYI has and may continue to suffer a net loss
In 2017, iQiyi's total revenue was 17.3784 billion yuan (US$2.671 billion), an increase of 54.6% compared to 112.374 billion in 2016. iQiyi’s revenue in 2015 was 5.318 billion yuan. The net losses from 2015 to 2017 were respectively This was: 2.575 billion yuan in 2015, 3.074 billion yuan in 2016, and 3.736 billion yuan in 2017. The amount of losses gradually expanded (for more details, you can sniff the article).
A few days ago, it was reported that the iQIQI was formally established in the United States on March 28 or 29, 2018.
(This article synthesizes the story of the entertainment investment, Lei Dinet.) Tiger Sniffing APP
5. Zhou Hongyi's stock pledges China Merchants Bank 360 will become the next music as it?
Hunter Cloud Note: Listed companies are liquidating in disguise through large-scale equity pledges. Lastly, the outstanding amount of money is not enough to cause an explosion of positions, and the pledged institutions freeze shares, plus a series of unclear equity lawsuits. The most typical example is Jia Yueting. , while 360 sitting on the market value of up to 300 billion yuan, once went to music as a lesson, music, as compared to the consequences of fear that more uncontrollable, Bukebufang article source: tiger sniffing author: -LR
360 recent news constantly.
On March 15, 360 issued a public announcement stating that the company's controlling shareholder, Tianjin Qixin Zhicheng, pledged all its shares held by the company to China Merchants Bank, totaling approximately 3.3 billion shares, with a market value of approximately 159 billion yuan.
As of the announcement date, the three hundred sixty (360) shares pledged were 3,296,744,163 shares, which were all three hundred and sixty shares directly held by Qixin Zhicheng and accounted for 48.74% of the company's total share capital. Zhou Hongyu was personally surprised. The largest shareholder of Xinzhicheng directly holds 17.38% of the shares. This time, Zhou Hongyi himself also provided joint guarantees for Qixin Zhicheng’s loan to China Merchants Bank. The initial date of the stock pledge was March 14, 2018. The term seven years, the loan uses 360 funds privatized.
If the mortgage rate is at least 40%, the amount of borrowings in this equity pledge will be as high as 60 billion yuan.
According to the relevant provisions of the "Guarantee Law," if Qixinzhicheng fails to fulfill its repayment obligations when it becomes due, the pledged shares may be negotiated for transfer, auction or sale, and the ownership structure of the company may also undergo major changes.
Listed companies through large-scale equity pledges in disguised forms of cash, the final arrears are not yet caused by the collapse of positions, frozen shares by the pledge institutions, plus a series of unclear equity lawsuits of a few, the most typical example is Jia Yueting.
Since 2013, Jia Yueting has handled a total of 36 equity pledges, of which only 15 have been specifically detained. At present, he has not yet lifted the pledge, or at the very least, there are 19 of them.
On January 24th, 2018, LeTV resumed the daily limit, and in the subsequent half month, it even received more than a dozen stoppages.
After two months, there are a few clear changes in the new regulations on equity pledges that have been implemented since March 12:
The equity pledge touches the open position line. The securities company cannot immediately execute the disposition, but rather actively communicates with the customer and asks the customer to supplement the collateral. The collateral includes financial assets such as stocks, cash, etc. Real estate, land, etc. can also be used as collateral.
In other words, once there is a problem with a large shareholding pledge, the new rules will not allow immediate short-term liquidation or fleshing. If you face the same situation as LeTV, you cannot close your position in time and the consequences will be even more unimaginable.
As for LeTV, then, after taking over about RMB 17 billion from the LeTV black hole, the incoming disk player, Sun Hongbin, has already resigned from the post of chairman in the face of its operating weakness. The future of LeTV is a mystery, or, I don’t know if there is any future.
Will 360 be the next music video?
With a market value of RMB 159 billion, at least RMB 60 billion in borrowing, this is probably the largest equity pledge in history. It is impossible for Jia Yueting, who has cashed out at a maximum of RMB 10 billion, to lose his credit. In addition, Jia Yueting still has a reputation for making vehicles. In order to cash in his own 'endorsement', is it that Hong Hongjiao Zhou Hongkai now also has to open a Faraday?
360, explaining the equity pledge, on May 27, 2016, Qixin Zhicheng and China Merchants Bank and six other banks signed the “Qihoo 360 Privatization Syndicated Loan Contract” (“Contract”). According to the “Contract” and Qixin Zhicheng issued a “commitment letter” to China Merchants Bank. After the sale of major assets, replacement and issuance of share purchase assets and related transactions, the 366 shares held by Qixin Zhicheng shall be pledged to China Merchants Bank as Loan guarantee under "Contract".
Zhou Hongyi also described at the media communication meeting that the cost of completing the delisting of the US capital market reached US$10 billion. Therefore, this loan may be used to pay back a loan.
However, such a large-scale equity pledge and liquidation, the risk is self-evident. If you can not clearly disclose the whereabouts of funds, it is not a good thing for other participants on the 360 plate, and it is also an extreme risk for the equity pledge receiver. Big.
Many people in the industry have also stated that, based on the standards of the new rules on the venue, although the pledge did not reach the red line that the overall pledge rate of a single A-share stock market does not exceed 50%, the risk is still not small.
"21st Century Business Herald," the article "A new phase of equity pledges landing: difficulty in scaling down the business," pointed out that a pledged stockholder of a joint-stock bank in Shanghai said that the scale of supervision of off-site stock pledges is less than that of on-the-ground, and 460 control shareholders The whole stock pledge is more aggressive -
The situation of off-site business depends on the risk control of each bank. At present, stocks are not pledged as high-quality assets, and very few funds are willing to accept them. Because of the high risk, many listed companies’ shareholders have insufficient ability to cover their positions.
LeTV's small and medium-sized shareholders did not return from the 'stifling' experience, and 360 had a market value of more than RMB 300 billion. Once they went to LeTV, the consequences were more uncontrollable than LeTV.
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6. Changhong Releases Blockchain Mobile Phones After Candy: It Says Users to Lower the Threshold Participation in Blockchain
Micronet collection reported on March 17
The popularity of the current blockchain has surpassed artificial intelligence, becoming the hottest topic in the investment community and the entrepreneur circle. This heat has already begun to spread into the mobile phone circle. There have been media reports recently. The long-lost mobile phones that have not appeared for a long time have also launched the block. Chain mobile phone.
A number of media sources stated that at the opening ceremony of the Zhejiang Jiangjiang Blockchain Technology Research Institute recently held in Hangzhou, Changhong Group released the world's first blockchain mobile phone: the Changhong R8 Kirin mobile phone.
It is reported that Changhong R8 Unicorn is the first Unicorn blockchain mobile phone developed by Changhong Communication for Unicorn. It is said that 'this phone is a new generation of blockchain mobile smart terminals, based on POW consensus algorithm, device fingerprinting technology, LBS location service allows users to participate in the blockchain with a lower threshold, so that the mobile trust network has more and more decentralized nodes, providing the basis for the large-scale application of the mobile ecosystem.
According to reports, Changhong R8 Unicorn is the world's first blockchain mobile phone equipped with Unicorn. It is a new generation of mobile smart terminals. It will contain a centralized mining pool, reduce mining energy consumption, and provide a large-scale application of mobile ecological chain. The foundation also allows users to participate in the blockchain with lower thresholds.
At present, Changhong R8 Kirin Mobile is only responsible for channel expansion and promotion by Hangzhou Zhenrong E-commerce Co., Ltd. The official designated and the only purchase channel is its official certified WeChat public account. The pre-sale time of the aircraft will be set at March. The pre-sale was officially opened at 12 o'clock on the 16th, and the 64GB version was priced at only 2,999 yuan.
It is worth noting that since the number of first launches is only 10,000 units, the purchase of this machine requires the user to obtain the purchasing authority with its own U-code. The first batch of U-codes for the purchase authority will be issued by the government from time to time, users with U-code, after completing the order , You will get a U code that can be shared 3 times. After the user shared U code is used, you can get 3 additional purchase opportunities.
In fact, Changhong is not the first manufacturer to release a blockchain mobile phone. On January 11th this year, the domestic top ten mobile handset ODM enterprise SUGAR candy cell phone brand under the Tianzhu Group was formally announced through the official community WeChat. The Ethereum Fog Foundation reached a strategic cooperation to develop the world's first blockchain mobile phone, the candy “Creation” blockchain mobile phone.
On January 17, the machine was officially opened for sale. According to the official introduction, the block phone of Candy "Creation" was highly favored. The first sold 10,000 units and sold out in just 5 minutes.
It is reported that Candy "Creation" blockchain phone has a 5.99-inch screen, equipped with Qualcomm Snapdragon 8-core processor, 4GB+128GB memory combination, with front and rear four cameras, features such as face unlocking. Price reached 3999 yuan.
Candy officially defines this phone as a candy phone + blockchain wallet + blockchain mining machine. After the official promotion of candy phone, Ether's ETF's blockchain technology will be added to the blockchain of millions of users of candy phones. Among the nodes, the candy cell phone users can establish an ETF blockchain network through a mobile phone. This network establishes a transmission channel for blockchain data and obtains “candy currency” revenue by sharing network resources.
The