Lele Tea apologizes to the relatives of Lu Xun; Musk’s lightning visit to China achieved significant breakthroughs; ByteDance Announces 61 Dismissals | Big Company Dynamics

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ByteDance announced the dismissal of 61 employees, and the internal anti-corruption action of the Internet giant continued

Recently, ByteDance released the Notice of the Commission on Enterprise Discipline and Professional Ethics (No. 2, 2024), and dismissed 61 employees for four reasons: suspected of constituting a criminal offence, violating the integrity system, violating the conflict of interest system, and violating the information security system. In recent years, many Internet companies have intensively carried out internal anti-corruption rectification, including Tencent, Meituan, Didi, Kwai and Baidu.

Xiaohongshu’s response to “ongoing financing with a valuation of 20 billion US dollars”: false information

On April 29th, there was news that Xiaohongshu was conducting a new round of financing with a valuation of $20 billion. In response, Xiaohongshu stated that the news was untrue. (21st Century Business Herald)

NetEase Cloud Music and JYP Entertainment Achieve Strategic Cooperation

According to Netease Cloud’s official account, recently, Netease Cloud Music announced that it has reached a strategic cooperation with JYP Entertainment, and the music copyright of artists under JYP Entertainment has returned. The new songs released by JYP and NetEase Cloud Music will be launched synchronously across the entire network.

Musk’s Flash Visit to China Achieves Important Breakthroughs

On April 28th, Tesla CEO Elon Musk made a lightning visit to China. First Financial reporters learned that on April 29th, Musk had already left Beijing after meeting with CATL Chairman Zeng Yuqun. Musk’s less than 24-hour visit has yielded fruitful results, with the most significant breakthrough being Tesla’s release in intelligent driving compliance, becoming the first foreign-funded car company to pass relevant national standards.

When will FSD land in China? Tesla China responds

In response to industry concerns about when FSD will be implemented in China, Tesla China responded on April 29th, “It is difficult to say the specific time at present, but it is estimated that it will be soon.” (China Fund News)

The 10000th complete vehicle of Xiaomi SU7 has been officially produced on the production line

According to the official Weibo account of Xiaomi Motors, the 10000th complete vehicle of Xiaomi SU7 has officially been produced.

Ideal car: From May 1st to May 5th, all models in the series will be charged for free at the Ideal supercharging station

On April 29th, Ideal Automobile announced on Weibo that from May 1st to May 5th, all models in the series will be charged for free at Ideal Supercharge Station, with no electricity or service fees.

BYD: Net profit increased by 10.62% year-on-year in the first quarter

BYD Corporation disclosed its first quarter performance on the Hong Kong Stock Exchange, with a revenue of approximately 124.944 billion yuan in the first quarter, a year-on-year increase of 3.97%; The net profit attributable to shareholders of the listed company was approximately 4.569 billion yuan, an increase of 10.62%.

NIO announces the flexible upgrade daily rental service price for 150kWh ultra long battery packs

On April 29th, NIO announced the flexible upgrade daily rental service price for a 150kWh ultra long battery pack. Upgrade the 70/75kWh standard endurance battery pack to a 150kWh ultra long endurance battery pack, with a daily rental benchmark price of 150 yuan/day; Upgrade the 100kWh long endurance battery pack to a 150kWh ultra long endurance battery pack, with a daily rental benchmark price of 100 yuan/day.

Gaohe Shanghai store claims to have entered the first stage of resuming work and production

Recently, it has been rumored that Gaohe Automobile may officially resume work and production at the end of April or early May. On February 18th this year, Gaohe Automobile held an internal meeting and announced a six-month shutdown. On April 29th, the Shanghai Yueliangwan Gaohe Experience Store stated that the company is currently in the first stage of resuming work and production, accepting car orders, and the company will notify and announce in the future. (News Morning News 021 Video)

Kweichow Moutai: Zhang Deqin was recommended as the chairman of Kweichow Moutai Liquor Co., Ltd

On the evening of April 29, Kweichow Moutai announced that according to the relevant documents of the People’s Government of Kweichow Moutai Province, Zhang Deqin was recommended as the candidate for the director and chairman of the board of directors of Guizhou Moutai Liquor Co., Ltd., and Ding Xiongjun was suggested not to serve as the chairman and director of the company.

Midea Group submits a listing application to the Hong Kong Stock Exchange

On April 29th, according to the Hong Kong Stock Exchange, Midea Group submitted a listing application to the exchange, with joint sponsors being CICC and Bank of America Securities.

After going public on the Hong Kong stock market, Hai Di Lao Overseas Company Tehai International has decided to go public in the United States

Recently, Hai Di Lao’s overseas business entity, Tehai International, announced that the board of directors has decided to publicly issue new American depositary shares on the NASDAQ stock market in the United States, with an expected maximum issuance of approximately 123 million shares, promoting Tehai International’s dual listing on both Hong Kong and US stocks.

Lele Tea: Apologies to Mr. Lu Xun, his relatives, and the Lu Xun Cultural Foundation

On April 29th, Lele Tea’s official blog issued a statement apologizing to Mr. Lu Xun, his relatives, and the Lu Xun Cultural Foundation for the infringement of his portrait rights. According to a previous report by Global Times, in response to the controversy surrounding the recent collaboration between Lele Tea and Lu Xun, Zhou Lingfei, the grandson of Lu Xun and the president of the Lu Xun Cultural Foundation, stated that Shanghai Zhu Miaochun Law Firm has issued a lawyer’s letter to Lele Tea and Jiangsu Yilin Publishing House Co., Ltd.

Ou Shudan Group’s major shareholder has been revealed to be considering privatization, with a transaction value of 7 billion US dollars

According to reports, informed sources have stated that Reinold Geiger, the owner of Oshu Dan, is considering acquiring his remaining Oshu Dan shares as early as April 29th at a price of HKD 33 to HKD 34 per share. The acquisition offer may bring Oshu Dan approximately 6.5 billion euros ($7 billion) in corporate value. (Pengpai News)

Vanke: The comprehensive cost of new domestic financing in the first quarter was 3.33%

Vanke Enterprise disclosed its first quarter report, which showed that Shenzhen Railway Group, the largest shareholder of the group, raised 29.75% of the total shares through strategic placement subscription funds. In terms of financing, the comprehensive cost of new domestic financing for the group in the first quarter was 3.33%.

Xuhui has reached an agreement with the bondholder group in principle

Xuhui Holdings has made significant progress in its debt restructuring. On April 29th, Xuhui Holdings announced that they had reached an agreement with the bondholders group on a comprehensive plan in principle. The bondholders of the bondholders group jointly hold or control about 43% of the total principal amount of Xuhui’s various debts.

Huaxia Happiness: A loss of 1.925 billion yuan in the first quarter

Huaxia Happiness disclosed its first quarter report, stating that the company achieved a revenue of 1.333 billion yuan in the first quarter of 2024, a year-on-year decrease of 77.31%; The net profit was a loss of 1.925 billion yuan.

OCT A: Net profit loss of 352 million yuan in the first quarter

OCT A disclosed its first quarter report, achieving a revenue of 8.706 billion yuan in the first quarter of 2024, a year-on-year increase of 25.87%; The net profit loss was 352 million yuan, compared to a loss of 303 million yuan in the same period last year.

Industrial and Commercial Bank of China: Net profit of 87.653 billion yuan in the first quarter decreased by 2.78% year-on-year

On April 29th, Industrial and Commercial Bank of China announced on the Hong Kong Stock Exchange that the company achieved a revenue of RMB 210.165 billion in the first quarter of 2024, a year-on-year decrease of 3.8%; Net profit was 87.653 billion yuan, a year-on-year decrease of 2.78%; Basic earnings per share are 0.24 yuan.

China Merchants Bank: Net profit for the first quarter was 38.077 billion yuan, a year-on-year decrease of 1.96%

On April 29th, China Merchants Bank released its first quarter report, with a revenue of 86.417 billion yuan, a year-on-year decrease of 4.65%; Net profit was 38.077 billion yuan, a year-on-year decrease of 1.96%; Basic earnings per share are 1.51 yuan.

BOE A: First quarter net profit increased by 297.8% year-on-year

BOE A disclosed its first quarter report, with a net profit of 980 million yuan in the first quarter of 2024, a year-on-year increase of 297.80%.

Does the passenger’s phone not activate flight mode, causing a 1-hour delay in the flight? Chengdu Airlines customer service and police response

A netizen posted a video claiming that while taking Chengdu Airlines flight EU2703, the plane returned due to a passenger not turning on their phone’s flight mode. On the 29th, Chengdu Airlines customer service stated that the involved flight was delayed by 1 hour and 30 minutes due to public safety issues. The police stated that there was indeed a passenger on the plane who was not in flight mode that day. They received an alarm and took action. (Jimu News)

(Editor: Wu Qi)

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