Today's news: Didi was fined 8.026 billion yuan; Baidu released the sixth-generation mass-produced unmanned car Apollo RT6; Tesla sold Bitcoin assets and cashed out nearly US$1 billion; ByteDance's valuation fell below US$300 billion; Nezha Auto completes D3 round financing of over 3 billion yuan
Didi was fined 8.026 billion yuan
According to China Netcom, according to the conclusions of the network security review and the problems and clues found, the State Internet Information Office opened a case to investigate Didi Global Co., Ltd.’s suspected illegal activities in accordance with the law. After verification, Didi Global Co., Ltd.'s violations of the "Network Security Law", "Data Security Law" and "Personal Information Protection Law" have clear facts, solid evidence, serious circumstances, and bad nature.
On July 21, the State Internet Information Office imposed a fine of RMB 8.026 billion on Didi Global Co. Cheng Wei, chairman and CEO of Didi Global Co., Ltd., and Liu Qing, president, were each fined 1 million yuan.
Baidu released the sixth-generation mass-produced unmanned vehicle Apollo RT6
According to news on July 21, at the 2022 Baidu World Conference, Baidu released the sixth-generation mass-produced unmanned vehicle Apollo RT6, which cost only 250,000 yuan.
It is reported that the innovative keel sunroof of Apollo RT6 integrates the roof sensor and the sunroof structure; in order to further improve the convenience of travel, the vehicle is also equipped with a consonant interactive light language with recognition and prompt functions, and an intelligent electric side sliding door. And other humanized functions.
In terms of smart cockpit, Apollo RT6 supports two modes with steering wheel and without steering wheel. The front row can be configured with seats, vending machines, desks, game consoles, etc. according to different travel scenarios to meet the diverse needs of passengers for office and entertainment. In addition, the Apollo RT6 has a large space of 1050mm in the rear row, independent seats and a rearward-moving design of the intelligent interactive system.
According to the plan, Apollo RT6 will be the first to be put into use on Carrot Run in 2023. The total mileage of Baidu Apollo's self-driving test exceeds 32 million kilometers, and Carrot Kuaipao has realized self-driving travel services in Beijing, Shanghai, Guangzhou, Shenzhen and other cities, with orders exceeding 1 million.
Tesla Sells Bitcoin Assets, Cashing Out Nearly $1 Billion
According to news on July 21, Tesla, an electric car manufacturer, revealed that the plunge in bitcoin prices affected its second-quarter earnings, and the company has sold about 75% of its bitcoin holdings.
Tesla said: "We have converted approximately 75% of our Bitcoin holdings into legal tender, which has added $936 million in cash to our balance sheet." However, Tesla did not specify the scale of the impairment.
Tesla reportedly entered the second quarter with about 42,000 bitcoins, so after selling 75% of them, it should end the quarter with about 10,500. At current trading prices, the bitcoins are worth about $197 million to $213 million.
According to Tesla, after selling $963 million worth of bitcoins, it currently owns $218 million worth of digital assets.
ByteDance's valuation fell below $300 billion
According to news on July 21, according to people familiar with the matter, in recent weeks, ByteDance's valuation has fallen below 300 billion U.S. dollars, a drop of at least 25% compared with last year, because investors are selling the company's shares, while its Initial public offering (IPO) plans are also frozen.
Investors have been buying ByteDance shares at valuations as low as $275 billion, people familiar with the matter said. In one deal, potential buyers were said to have negotiated with sellers to value the company down to $280 billion, but a deal fell through.
Meanwhile, some investors have valued ByteDance as low as $250 billion, but there are big differences between these potential buyers and sellers. An exposed investor document shows that Tiger Global Fund increased its holdings of ByteDance last year at a valuation of US$460 billion.
The plunge in valuations underscores the deteriorating sentiment around the ByteDance investment, which has coincided with a sharp drop in venture capital deals. ByteDance's listing had been one of the most anticipated initial public offerings of Chinese technology companies, but the company is unlikely to pursue an IPO anytime soon until global markets stabilize.
Nezha Auto completes D3 round financing of over 3 billion yuan
On July 21, Nezha Automobile announced that the D3 round of financing has been closed recently and is currently in the process of delivery.
Nezha Automobile said that the amount of this round of financing exceeds RMB 3 billion, and the funds will be used for follow-up product research and development, technological innovation, factory expansion, and supplementary operating funds. In addition to the previous D1 and D2 rounds of financing, the company's D round of financing has reached nearly 10 billion yuan, and the follow-up will speed up the completion of the shareholding system reform.
Delivery data shows that Nezha Motors will deliver 13,157 vehicles in June 2022, a year-on-year increase of 156%; from January to June, a total of 63,131 vehicles were delivered, a year-on-year increase of 199%. The cumulative production and sales of Nezha Automobile have exceeded 160,000 vehicles.
In addition, based on the first product built by Nezha Automobile's full-stack self-developed intelligent safety vehicle platform "Shanhai Platform", the B+ class intelligent electric coupe Nezha S will be fully pre-ordered in the near future and is expected to be delivered in the fourth quarter.
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