In recent days, several provinces in our country, including Hainan, Jiangsu, and Guangdong, have successively released the tender-winning price information for the bivalent Human Papillomavirus (HPV) vaccine. Notably, the tender-winning price for this type of vaccine produced by Walvax Biotechnology and Wantai Biological has dropped significantly below one hundred yuan.
It is worth mentioning that in the Guangdong Provincial Government Procurement Center's announcement of the 2023 school-age girls' HPV vaccine second dose procurement project results, the bivalent HPV vaccine by Wantai Biological won the tender at only 86 yuan per dose. The same vaccine was awarded at 329 yuan and 116 yuan in February and July of 2023, respectively. Moreover, in January of this year, Merck China announced its 9-valent HPV vaccine two-dose regimen for girls aged 9 to 14. While the price per dose has not been adjusted, the total number of doses required has decreased, indirectly reducing the cost of vaccination, which is also seen as a form of "price reduction."
In the field of valproic acid raw pharmaceuticals, Fuyuan Pharmaceutical has announced that it has obtained the approval notice for the marketing application for valproic acid raw pharmaceuticals from the National Medical Products Administration. Valproic acid is used to treat neurological disorders such as epilepsy and mania.
In the public health field, several cities in our country have announced policies for the refund of nucleic acid testing fees. For instance, Langfang City People's Hospital has started implementing the refund of nucleic acid testing fees from 2020 to 2021, and residents of different ages in Langfang City can apply for refunds at the hospital as per the regulations. Tianjin City, Laibin City in Guangxi, and Changji City in Xinjiang, among other regions, have also released related policies.
In the field of social media and internet culture, several million-level wealth-flaunting internet celebrities, like Wang Hongquanxing, Abalone Sister, Bai Gongzi, and others, have had their accounts banned or silenced across all platforms. These internet celebrities were disciplined by the platforms for violating relevant laws and community norms by indulging in excessive displays of wealth.
In the financial sector, according to statistics, in 2023, the total salary payments of 42 A-share listed banks in our country exceeded one trillion yuan, with a total of over 2.6 million employees, and the average salary level was about 400,000 yuan. However, behind this, more than half of the banks have seen varying degrees of decline in average salary, with the maximum drop exceeding 14%.
Recent news indicates that TikTok, the globally renowned short video platform, is planning to lay off staff with the global user operations department to be disbanded. The number of employees directly affected could be around 1,000, meaning that most of the department's staff will face unemployment. However, those remaining will have a chance to be reassigned to other teams within the company.
In another piece of news, Xiaomi recently faced a situation of land repossession. Three years ago, Xiaomi won a prime piece of land in Shanghai's core area with a high bid of 1.55 billion yuan, but this land has now been re-included in the land reserve plan for 2024. If Xiaomi chooses to surrender the land, it could lose a 310 million yuan deposit, or even the full land investment of 1.55 billion yuan. Regarding this situation, Xiaomi's PR manager Wang Hua stated that this was due to changes in municipal planning for the land, and that the government needed to collect the land for the reserve. Nevertheless, Xiaomi has not responded to the issue of the deposit.
In the financial markets on May 22, 2024, the first batch of 30-year special government bonds for the year was listed on the People's Republic of China and opened for secondary market trading. On the first day of listing, the bonds surged to 25%, and even experienced two temporary suspensions due to the rapid rise in price. Earlier on May 17, the Ministry of Finance issued 40 billion yuan of special government bonds and institutions with underwriting qualifications participated. The weighted average winning yield was 2.57%, which was almost the same as the yield of the government bonds with the same maturity on the previous trading day.
In the consumer goods market, McDonald's new toy "McTalkie Walkie" caused a consumer sensation, leading to a frenzy on its launch day that crashed the McDonald's app system. Many stores announced they were sold out before noon that day, with some staff revealing that each store had about 100 units in stock, all of which were sold out. Given the high demand, many people started to resell these walkie-talkie toys at high prices on second-hand e-commerce platforms, with prices ranging from 39 to 70 yuan.
As for the luxury goods industry, the renowned brand Chanel plans to expand its store network in mainland China in the second half of the year. Chanel's CFO Philippe Blondiaux stated that although the brand only has 18 boutiques in mainland China, compared to competitors' 40 to 50 stores, they are noticeably underrepresented. He also added that with more and more Chinese customers shopping at European and Japanese stores in recent weeks, especially in Japan where Chinese tourists' purchases account for half of the sales, Chanel products may see further price adjustments in the second half of the year due to rising raw material costs and fluctuations in exchange rates.
In the United States, nearly ten thousand Mazda vehicles were recalled due to potential safety hazards. This incident stemmed from the National Highway Traffic Safety Administration's findings that the automatic braking system of some 2024 CX-90 vehicles could inadvertently activate the brakes due to incorrect detection of certain objects, posing a potential safety risk. As a result, a total of 9,914 vehicles will be returned to the factory for inspections.
CATL is accelerating its global expansion plans. The Chairman Zeng Yuqun issued the company's first directive of 2024, which is also seen as a signal to mobilize international efforts. Zeng pointed out that despite intense competition in the domestic market, CATL is outperforming competitors in the overseas markets with huge potential. He noted that the development of new energy has become an international consensus, and the current uncertainty actually presents more opportunities for companies with strength. CATL's technology licensing model, LRS, has attracted more international automakers' interest in cooperation. Zeng Yuqun is also personally in charge of CATL's international business to ensure the smooth execution of its overseas strategy for the next 5 to 10 years.
Apple is seeking a breakthrough in the antitrust lawsuit in the United States, unsuccessfully requesting the court to dismiss the lawsuit filed by the Department of Justice. Through its representative lawyers, Apple outlined arguments to be included in a formal motion next month, claiming the government’s filing failed to accurately allege anti-competitive conduct in relevant markets, substantial anticompetitive affects, or monopolistic power on their part.
Gree Electric is adjusting its sales model in China's fridge and laundry appliance business. The company's chairman and president Dong Mingzhu announced that Gree will establish specialized sales companies for refrigerators, washing machines, and household appliances in various provinces of China. Dong Mingzhu has emphasized her commitment to distributors, assuring them she will not let them operate at a loss, and hopes they can become shareholders of the company. This indicates that Gree is seeking to establish a closer cooperative relationship with its distributors.
The famous production company, Pixar Animation Studios, a subsidiary of Disney, has begun layoffs, with about 14% of employees affected. This means that approximately 175 employees will be leaving the studio that produced classic movies like "Toy Story."
In the chip business, Amazon AWS has denied reports that it suspended orders for NVIDIA's Grace Hopper chips. Reuters reported on the matter, while AWS's clear stance stated that the company had not stopped any related orders, indicating previous news was inaccurate.
Finally, luxury giant LVMH has signed a five-year cloud computing service contract with Alibaba Cloud. This collaboration will allow LVMH to utilize technological products and services provided by Alibaba Cloud, such as cloud infrastructure and large-model generic question-answering systems, marking another important step in LVMH's digital transformation journey.
The UK regulatory body has imposed a significant fine on the global financial services company Citigroup for failures in its trading system. The amount, a substantial 33.88 million pounds, underscores the regulator's firm stance on maintaining the integrity of financial markets.
In the automotive industry, Toyota is planning to expand its investment in its production base in Texas. Reportedly, the company is seeking tax relief for the planned investment of 531.7 million dollars. This investment aims to establish new production facilities as well as expand existing plants, bringing more job opportunities and enhancing the production capabilities for the Toyota Tundra pickup and Sequoia SUV.
In other news, Panasonic Holdings is planning to divest its large commercial projector division. The expected sale amount is 80 billion yen, and a prospective buyer is likely to be determined soon. Panasonic plans to use the funds from this sale for other strategic investments, including acquisitions of digital companies, in order to reduce its reliance on the traditional home appliance manufacturing business.
However, the electric vehicle market has seen bleaker data, with Tesla's sales in the European market showing a downward trend. Since January 2023, the registration number of vehicles in April was 13,951 units, a year-over-year decline of 2.3%, marking the lowest sales level in 15 months. In contrast, the overall industry's growth in electric vehicles remains strong at 14% during the same period.
According to the latest report released by the United States Federal Reserve System, not only is inflation still widespread, but it continues to adversely affect the financial situation of over 60% of American households. Specific statistics indicate that 19% of households describe their financial situation as "very bad," while more than half of adults have no money left after paying their fixed monthly expenses. Even 17% of people are unable to pay all of their bills.
In the global pharmaceutical sector, AstraZeneca plans to establish an independent supply chain system in China to meet market demand. CEO Pascal Soriot mentioned the manufacturing plant established in Qingdao, which will serve as a link dedicated to serving China and other emerging markets. With this momentum, the goal is to reach revenues of $80 billion by 2030.
In recent tech news, the Artificial Intelligence Summit in Seoul was conducted via online video. During the two-day event, there is an expectation to strengthen international collaboration and effectively respond to the economic and social impacts brought about by the rapid development of artificial intelligence. Following the first day of the summit, participating parties jointly issued the "Seoul Declaration," signaling close international communication and cooperation in the AI field.
During a recent global conference, participants unanimously emphasized the importance of safety, regarding it as a key factor in driving responsible innovation in artificial intelligence (AI). In the future, to strengthen international cooperation on the safety of AI, the parties involved will endeavor to cooperate on the principles of openness, transparency, and reciprocity.
Lee Jae-yong, Chairman of Samsung Electronics, delivered a speech via video at the Artificial Intelligence Summit in Seoul. He emphasized that artificial intelligence technology has not only driven industry innovation and economic development but has also profoundly changed people's lives, work, and modes of communication. Against this backdrop, Lee Jae-yong believes that it is crucial to use AI technology responsibly and points out that the global community should work together to explore innovative paths, to minimize the risks of malicious use of AI while expanding the scope of its positive impact.
OKKI, the intelligent foreign trade workstation under Alibaba's international site, announced a significant product upgrade, revealing the full capabilities of OKKI AI. OKKI AI primarily focuses on three core functions: intelligent marketing, customer management, and decision-making support, and is now available to all small and medium-sized foreign trade enterprises. In this product upgrade, a new trial version called OKKI Leads AI is being launched. This is a simplified foreign trade marketing tool aimed at covering a variety of application scenarios such as writing development letters, chat communication, and providing marketing strategies.
At the Build 2024 developers conference held in Seattle, USA, Microsoft CEO and Chairman Satya Nadella introduced an important technological advancement to attendees. OpenAI's latest flagship AI model, GPT-4o, can now be used in Azure AI Studio and provides corresponding API interfaces. This multi-modal model, which integrates text, image, and audio processing capabilities, offers users a novel generative and conversational AI experience. The newly developed multi-modal model Phi-3-vision, also part of the Phi-3 series AI small language models (SLM), is currently launched on the Azure platform.
Reports indicate that NVIDIA Corporation plans to advance the adoption of the GB200 chip into panel-level fan-out packaging technology, in response to the production capacity strain of CoWoS advanced packaging technology. The step originally planned for 2026 has been moved up to 2025, and the related supply chain is already in operation. The GB200 chip is currently in the fine-tuning and testing phase. According to the analysis of CoWoS production capacity, it is estimated that about 420,000 GB200 chips will hit the market in the second half of this year, and next year's production is expected to reach 1.5 to 2 million chips. Faced with the shortage of CoWoS production capacity, the industry expects that panel-level fan-out packaging, which also uses advanced packaging technology, will become an effective solution to alleviate the supply tension of AI chips.
Kuaishou Technology has unveiled its economic performance for the first quarter of 2024. The company's revenue reached 29.4 billion yuan, a year-on-year growth rate of 16.6%, surpassing the market's previous expectation of 29.044 billion yuan. The revenue growth was attributed to online marketing services, live broadcasting, and other services including e-commerce, which contributed 56.6%, 29.2%, and 14.2% to the revenue, respectively.
Vipshop also released its unaudited financial report for the first quarter of 2024. Vipshop's total net revenue increased slightly by 0.4%, amounting to 27.6 billion yuan; while the net profit attributable to Vipshop shareholders surged by 24.6% year-on-year, reaching 2.3 billion yuan. In addition, Vipshop's gross merchandise volume (GMV) grew by 8.0% year-on-year in the same quarter, totaling 52.4 billion yuan.
For Pinduoduo, the highlight of its quarterly financial report was the increase in R&D investment. The company's R&D spending in the quarter reached 2.9 billion yuan, with a year-on-year growth rate of 16%. Pinduoduo plans to further invest in consumer, supply, compliance, and platform ecosystem to enhance the company's core competitiveness and serve merchants and consumers more effectively.
The first fiscal quarter report of 2025 released by NVIDIA shows that the company's revenue reached $26.04 billion during this period, with a staggering year-on-year growth of 262%. Revenue from data centers was $22.6 billion, a year-on-year increase of 427%; revenue from the gaming division was $2.6 billion, up 18% year-on-year. NVIDIA's net profit grew even more significantly by 628% year-on-year, to $14.88 billion. The company expects revenue for the second quarter to be $28 billion, exceeding market expectations of $26.61 billion. NVIDIA also announced a 150% increase in cash dividends to $0.01 per share, and a "1-for-10" stock split, which will take effect on June 7th.
In the capital market, the balance of financing in both markets shows a growth trend. As of May 21, the financing balance of the Shanghai Stock Exchange reported 792.747 billion yuan, an increase of 9.01 billion yuan from the previous trading day; the financing balance of the Shenzhen Stock Exchange was 704.937 billion yuan, an increase of 5.22 billion yuan. The total for both markets reached 1497.684 billion yuan, an overall increase of 14.23 billion yuan from the previous trading day.
In the new energy sector, "Cloud Storage New Energy" successfully completed a multimillion yuan Series A financing. This round of financing was led by Qiandao Fund, with Zhenghai Group following, and Muchen Capital serving as the financial advisor. The company stated that the funds raised will mainly be used to support capacity expansion, strengthen technological R&D, and supplement working capital.
At the upcoming conference, Chen Xuegui, General Manager of Lenovo China Consumer Internet Services Division, will deliver an exciting keynote speech. The theme of this speech is "New Species · New Ecology," and Chen Xuegui, as an "enabler" in the field of artificial intelligence, will discuss the latest trends in the development of artificial intelligence with the participants.
Additionally, everyone will have the opportunity to learn about the significant price adjustment of the domestically produced HPV vaccine. This adjustment is expected to substantially reduce the price of the vaccine, thereby reaching a broader consumer base, which is undoubtedly another important advancement in the medical field of our country.
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