On the evening of May 6th, Luckin Coffee updated the prospectus document. The company set the IPO price range at $15-$17 /ADS, and planned to issue 30 million ADSs. In addition, the underwriter can also exercise the over-allotment right of 4.5 million ADSs within 30 days after listing. Based on the issue price ceiling of $17, the maximum fundraising amount can reach $586.5 million.
According to the prospectus, the total share capital of Luckin Coffee is 1,860,491.5 million ordinary shares, and each ADS represents 8 ordinary shares. Based on the upper limit of the issue price of $17 /ADS, the market value of Luckin Coffee is about $4 billion. After IPO, the shareholding ratio of Chairman Lu Zhengyao will be diluted from 30.39% to 26.06%, and the voting right will be 30.02%. CEO Qian Zhiya’s shareholding ratio will be diluted from 19.59% to 16.80%, with voting rights of 19.35%. (source: PingWest)
On May 7th, according to Bloomberg News, at the World Developers Conference (WWDC) next month, Apple will launch operating system updates for iPhone, iPad, Mac, Apple Watch and Apple TV. Highlights of the conference will include: the upgrade of core apps such as maps, reminders and SMS that come with the iPhone, making the Apple Watch more independent of the new applications of the iPhone, and strengthening the health tracking function of Apple devices. (Source: 36Kr)
On May 6th, Meituan Takeaway officially released the brand "Meituan Delivery" yesterday, and announced the opening of the delivery platform, and said that it would open its capabilities to ecological partners in terms of technology platform, transportation network and upstream and downstream of the industrial chain to jointly promote the construction of distribution ecology.
In terms of technical platform, Meituan’s delivery relies on Meituan’s "Super Brain" real-time delivery system to achieve system-wide delivery. At peak hours, the route planning is as high as 2.9 billion times per hour, and the average delivery time is 0.55 milliseconds. At present, the average delivery time has been shortened to less than 30 minutes.
In terms of transportation network, Meituan Distribution has formed four transportation network models for convenience stores, traditional supermarkets, near-field retail, office buildings and other different scenarios, namely, the "cruise model" of point-to-point network, the "galaxy model" of star network, the "warehouse-distribution integrated model" of pre-warehouse+distribution, and the "intelligent terminal model" of distribution+intelligent terminal. It is reported that the open platform of Meituan distribution has been officially opened, and Carrefour, CFB Group, Baiguoyuan, Duodian and Dangdang Express Medicine have reached cooperation with Meituan distribution. (Source: Tencent Technology)
On May 6th, according to Reuters, Wipro, an outsourcing team of 260 contract workers in Hyderabad, was responsible for browsing millions of Facebook photos, status updates and other content published since 2014 in the past year, and classifying them by tags. Relevant legal experts say that Facebook’s content labeling plan may bring new privacy issues to it.
Facebook acknowledges that some posts (including screenshots and comments) may contain user names. However, the company said that its legal and privacy team must sign all the labeling work, adding that the company recently launched an audit system to ensure that privacy rules are observed and existing parameters work as expected. (source: PingWest)
In response to Reuters’s report that "Sequoia China will lay off 20% of its staff at most", Sequoia Capital responded on May 6th that it was nonsense and malicious slander. Sequoia said that in the past 12 months, Sequoia China Investment Team recruited 13 new employees, and the total number of employees increased instead of falling. For the false reports mentioned in Reuters’s article, we will reserve the right to investigate the relevant media for legal responsibility.
Reuters reported that the layoffs started at the end of March, mainly affected by science and technology and media, medical care, consumers and industrial technical teams. According to many media reports, the employees were laid off earlier, but they did not account for as much as 20%. Mainly because Wang Cen, the former partner of sequoia capital china, left for some reason, and at the same time took several VP-level employees of the team away. (Source: All-weather Technology)
On May 6th, a self-media article entitled "Rouyu Technology-A Public Punishment Being Played" publicly questioned Rouyu’s product system, and said that the author had visited the exhibition hall of Rouyu Technology, and thought that the sale of Roupai mobile phones was a doomed defeat. The article publicly questioned the mass production and yield rate of Softpart, saying that consumers have received very few Softpart mobile phones at present. The article holds that the yield of flexible screen in Rouyu Company is very low, which leads to the uncertainty of product delivery cycle.
On the evening of May 5, Fan Junchao, vice president of Rouyu Technology, said that there were a lot of inaccuracies in a web article recently published by a media account. The company took the initiative to communicate with the author of the media, intending to explain and eliminate possible misunderstandings. However, the media not only refused to listen to opinions, but also tried to ask Rouyu Technology for high fees on the condition of deleting articles, which was sternly rejected by the company. On May 6, Rouyu Technology issued a statement through its official micro-signal, saying that relevant evidence has been collected for these illegal acts suspected of online extortion and malicious attacks, and the legal responsibilities of the responsible parties have been investigated. (Source: Sina Technology)
On May 6th, according to the official website news of the National Network Information Office, the "Identification Method for the Illegal Collection and Use of Personal Information by App (Draft for Comment)" has been open for public comments since May 5th. The draft for comment is intended to stipulate that when the App is not opened or used, the App will call the user’s personal information in the background; App uses user information and algorithms to directionally push news, advertisements, etc., and does not provide the option to terminate the targeted push, which will be regarded as illegal. (Source: Beijing News)
On May 6th, IDC, a consultancy, released the report "Tracking the Public Cloud Service Market in China in the Second Half of 2018". According to the report, in the third and fourth quarters of 2018, in terms of the overall market share of IaaS+PaaS, the top five cloud service providers were Alibaba Cloud, Tencent Cloud, China Telecom, Amazon AWS and Baidu AI Cloud, among which Baidu AI Cloud ranked among the top five for the first time, and its revenue growth rate exceeded three times year-on-year.
According to IDC, in 2018, latecomers in the public cloud market made frequent efforts, and Huawei, Baidu, Inspur and JD.COM all benefited from their strong R&D and ecological strength, achieving a rapid growth of 2-8 times as high as the market average. In addition, at the PaaS level, Baidu AI Cloud’s revenue increased by more than 410% year-on-year, and its market share ranked fifth in the second half of the year, with Q4 ranking fourth. (Source: Sina Technology)
On May 6th, Hon Hai Chairman Guo Taiming said that Hon Hai’s new chairman will be born on the 10th of this month. As long as he is a director of Hon Hai, he will have the opportunity to be the chairman, but it is up to the board of directors to decide who will be the chairman.
On April 17th, according to the People’s Daily, Guo Taiming announced his participation in the primary election of the leader of the Kuomintang in Taiwan Province in 2020 after accepting the certificate of honor issued by Party Chairman Wu Dunyi at the Kuomintang Central Party Department. It is reported that Guo Taiming will retreat to the second line and no longer serve as the chairman of Hon Hai. Huang Qiulian, chief financial officer of Hon Hai, succeeded Guo Taiming, and the general manager was appointed by a professional manager. Earlier, Guo Taiming revealed: "The more fierce I scold you, the more likely you are to be a successor. The successor is definitely not the group of people who started a business with me. The age is too close. I must be 20 years younger than me. (Source: Interface)
On May 6th, according to the enterprise survey data, Palm Reading Technology Co., Ltd. increased its foreign investment on April 30th, and jointly invested with its shareholder, director, deputy general manager Wang Liang and Tianjin Film and Television Enterprise Management Consulting Partnership (Limited Partnership) to establish Beijing Palm Reading Film and Television Co., Ltd. with a registered capital of 10 million yuan. According to public information, the legal representative, executive director and manager of the newly established film and television company are all Wang Liang. At the same time, Wang Liang is also the major shareholder of the company, with a shareholding ratio of 55%, Tianjin Yingwen holding 30%, and Palm Reading Technology holding 15%. The business scope is radio and television program production, film production, translation service and computer animation design.
Palm reading technology said that the company plans to tap copyright resources more vigorously and decide to lay out the downstream links of copyright development. If the film and television company enters a stable and mature development stage in the future and its financial situation is good, the listed company has the right to give priority to acquiring the equity of the film and television company under the same conditions. (Source: China Investment Network)
On May 6th, LeTV did not respond to the news that "Jia Yueting will soon return to China to cooperate with the investigation". However, some insiders said that everything at present must be subject to the announcement of listed companies, and the public should not spread rumors. Previously, LeTV announced on April 29 that Jia Yueting received the Notice of Investigation from China Securities Regulatory Commission on the afternoon of April 26 and April 29, 2019. Because LeTV and Jia Yueting were suspected of illegal information disclosure, according to the relevant provisions of the People’s Republic of China (PRC) Securities Law, the CSRC decided to file an investigation against LeTV and Jia Yueting. The announcement also pointed out that during the investigation, LeTV and Jia Yueting will actively cooperate with the investigation of the CSRC and fulfill their information disclosure obligations in strict accordance with regulatory requirements. (Source: All-weather Technology)
On May 6th, according to Bloomberg, Betta, a live broadcast platform invested by Tencent, is said to have delayed the IPO of $500 million for at least one week. In response, Betta responded that the listing target is being promoted as planned, and everything is subject to the prospectus. The company declined to comment on the speculation about the time of listing.
According to the enterprise survey information, Betta received 20 million RMB angel investment from Aofei Animation after leaving Station A in 2014. The latest round of financing took place in March 2018, and Betta received a strategic investment of 630 million US dollars from Tencent. Up to now, Betta has completed 6 rounds of financing, with a total financing amount of 7 billion yuan. (Source: AI Finance and Economics)
On May 6th, according to LetsGoDigital, a Dutch technology blog, Microsoft is planning a new handle that supports Braille interaction. From the patent illustration, this handle is equipped with a tactile component supporting Braille output on the back, which is convenient for the visually impaired. It is reported that in October 2018, Microsoft submitted the patent titled "Game Controller with Tactile Braille Output" to the World Intellectual Property Office (WIPO), and it was officially announced on May 2, 2019.
According to the illustration, the Braille component can be attached to the back of the ordinary Xbox handle, and the accessory contains six dials and a special "screen", which can help visually impaired people to interact with text or voice. It is worth mentioning that this patent also mentions that voice commands can be recognized and converted into Braille input, so that players can trigger vibration and other forms of feedback by voice. In addition to the game console, it can also be used with PC or mobile devices. (Source: World Wide Web)
On May 6th, on the first day of the "Digital China" construction summit held in Fuzhou, ZTE officially released the 5G versions of Axon 10 Pro and AXON 10 Pro. Axon 10 Pro adopts 6.47-inch dual curved surface screen, with a drop screen design, with a resolution of 2340X1080 and a screen ratio of 92%, which supports a new generation of optical in-screen fingerprints. In the back cover part, Axon 10 Pro adopts 3D curved glass design, with three rear shots, of which the main shot is 48 million pixels, and the other two are 20 million pixels super wide angle and 8 million pixels telephoto with 3 times the main focal length, which supports 10 times digital zoom at the longest. Axon 10 Pro adopts Snapdragon 855 platform, and the 5G version has X50 external baseband and liquid cooling.
The 4G version of Axon 10 Pro offers three storage capacities to choose from. The price of 6GB+128GB is 3199 yuan, the price of 8GB+256GB is 3699 yuan, and the price of 12GB+256GB is 4199 yuan. The price of 5G version has not been announced. However, in an interview, Xu Feng, CEO of ZTE Terminal Division, made a comparison with the 5g version of Xiaomi MIX 3, which costs 599 euros, and said, "ZTE Axon 10 Pro 5G! (Source: Geek’s Choice)
On May 6th, Ishan Agarwal, a well-known whistleblower, revealed on Twitter that one plus seven Pro will set a record for the brand’s high price in India, among which the starting price of the 6GB RAM+128GB ROM version is 4,857 RMB, and that of the 8+256/12+256 version is 5,148/5,634 RMB. In the renderings exposed by foreign media, there are three colors: mint gold, mirror gray and nebula blue. The front adopts a true full screen, the forehead and chin are extremely narrow frames, the top adopts a pop-up front camera, the side is a metal middle frame, and there are many antennas slotted. On the left is an integrated volume button, and on the right is a three-segment mute button and a power button. On the back, there is a vertical three-shot, and a double-color temperature flash and a LOGO are displayed below.
According to the current data, one plus seven Pro is equipped with a 6.67-inch 3120 x 1440p curved display, and the official has confirmed that the screen of seven Pro will obtain HDR10+ certification. The back shot is expected to be a combination of 48 million pixels main shot (f/1.6), 8 million pixels telephoto (3 times light change) and 16 million pixels wide angle. Other configurations include Snapdragon 855 chip, 4000mAh battery (30W fast charge, USB-C 3.1), screen fingerprint, etc. (Source: World Wide Web)
On May 7th, Apple CEO Tim Cook attended the annual shareholders’ meeting of Warren Buffett’s Berkshire Hathaway Company last weekend and was interviewed by foreign media. He said in an interview that Apple buys a company every two to three weeks on average.
Cook said that in the past six months alone, Apple has acquired about 20 to 25 companies. However, he also stressed that "because these companies are small in scale, Apple usually does not announce these transactions, and the main purpose of the company is to find talents and obtain relevant intellectual property rights". In the company’s second-quarter earnings report, Apple announced a cash reserve of $225.4 billion, which also made it one of the most cash-rich companies in the world. Apple promised to donate $350 billion to the United States in the next five years by expanding and paying taxes on repatriated cash. (Source: Tencent Technology)
Image source: vision china