Xiaohongshu stopped Pre IPO round of financing, response: false information
On April 29th, according to “IPO Early Knowledge”, Xiaohongshu is stopping a new round of financing with a valuation of $20 billion. This round of financing is actually Xiaohongshu’s Pre IPO round of financing, which will serve as a certain pricing reference for Xiaohongshu’s potential IPO. Xiaohongshu responded to the news on the interface, stating that the news was false information.
Xiaohong Book’s internal testing and self-developed big mold “Little Sweet Potato”
According to media reports, the big mold team led by Zhang Debing (sweet potato name: Yuchen), an AI refurbishment seller at Xiaohongshu, has independently developed a universal big mold base called “Little Sweet Potato” in some internal product grayscale experiments. The exploration of the AI products of Xiaohongshu was mainly driven by the efforts of Xiaohongshu products and the plan seller Deng Chao (sweet potato name: Sakuragi).
Before stopping publication, Xiaohongshu did not respond to the above information.
Apple’s iPadOS has joined the EU’s Digital Mall Act’s restricted list, with a 6-month buffer to comply with
On April 29th, the European Commission designated Apple as the “gatekeeper” for iPadOS (its tablet operating system) under the Digital Mall Act (DMA). Apple has a 6-month time buffer to comply with DMA. Previously, Apple’s iOS operating system, App Store, and Safari browser have been added to the restricted list.
Institution: Global laptop out of stock quality increased by 7% year-on-year in the first quarter
According to a TechInsights research report, in Q1 2024, the out of stock quality of global laptops increased by 7% year-on-year, reaching 46.1 million units. Fantasy shipped 10.8 million units out of stock to the global laptop mall, an increase of 12% year-on-year. HP and Dell fell to second and third place respectively. Apple saw a strong recovery after announcing the MacBook Air equipped with M3 later in the first quarter. Acer has a slight advantage of 3.1 million yuan over Asus, which is out of stock and has a quality of 3 million yuan, indicating that Chrome is unlikely to rebound at the beginning of this year.
Testui is reported to have launched a lane level map information cooperation with Baidu
According to reports, insiders have revealed that Tesla will lay out its FSD autonomous driving services based on the lane level navigation and maps provided by Baidu. Baidu is one of approximately 20 qualified suppliers with the key module of autonomous driving function.
Baidu’s stock price fell by more than 6% in the afternoon of the same day and stopped publishing. Baidu did not respond to this. “Tesla can quickly provide FSD to Chinese users,” Musk said this month on social media platform X
Tiktok online AI camera products
The Flow part of Tiktok has launched an app called “Star Painting”, which is an AI camera product. It is worth noting that abroad, ByteDance has also launched an app called “Picpic” with similar functions. It is reported that Xinghua provides a rich supply of AI graphics talents, which can create users in the AI world and also customize a variety of comprehensive consequences.
After closing the “Star Painting” app, users will be tacitly allowed to create an AI encyclopedia, which requires uploading or taking three avatar photos. After several minutes of anticipation, a user based AI encyclopedia can be created. These two plenary sessions are located in different fictional worlds, such as Jurassic World, Snow Land, etc., and in each world, multiple AI photos with different appearances are taken.
Midea Group has once again submitted a listing request to the Hong Kong Stock Exchange
On April 29th, according to documents from the Hong Kong Stock Exchange, Midea Group Co., Ltd. submitted a request for listing to the Hong Kong Stock Exchange. The joint sponsors are Bank of America Securities and China International Capital Corporation.
At the 2023 Midea Group Shareholders Meeting held earlier, Midea Group executives expressed that going public on the Hong Kong Stock Exchange is not to raise capital. If the raised capital needs to be divided into more than 20 billion yuan per year, a small share will result in capital gains. The fundamental reason is that the Hong Kong Stock Exchange has breakthroughs, convenience, and speed. Therefore, it is a one-sided view for Midea to go public on the Hong Kong Stock Exchange due to a lack of money.