[Juguan 365] News on September 1
Avita completes B round of financing
Wenxin Yiyan is open to the whole society
Changan Automobile sold over 1.21 million vehicles in the first half of the year
Beijing Workers Stadium 5G super network launched
Zhiwen Group's Q2 net profit was 568.4 million yuan
Avita completes B round of financing
A few days ago, Avita Technology announced the completion of the B round of financing, raising funds of 3 billion yuan, with a post-investment valuation of nearly 20 billion yuan. In this round of financing, Changan Automobile, South Asset Management, Liangjiang Industrial Fund, etc. continued to make additional investments. At the same time, they also introduced state-owned capital such as Chongqing Industrial Fund of Funds, Bank of Communications Investment, and Guangkai Holdings, and jointly completed a capital contribution of 3 billion yuan.
Tan Benhong, Chairman and CEO of Avita Technology, said: "As a long-termist, Avita has very high requirements for capital while striving for excellence in product development and brand building. It must be an investor that focuses on medium and long-term development. Only in this way can Avita maintain its strategic focus and make firm development and breakthroughs on the high-end SEV track.”
Focusing on the product layout, the first product, Avita 11, has delivered more than 12,000 vehicles in total. The first mid-to-large sedan product, Avita 12, will also have its world premiere in Munich on September 4 and will be delivered within this year.
With the successful completion of the B round of financing, Avita Technology will further accelerate the R&D and design of subsequent models, production line investment, market brand development, channel construction, etc. According to the plan, Avita Technology will complete the construction of 350 channel contacts by the end of 2023, and complete the product layout of "four years and four vehicles" in 2024.
Wenxin Yiyan is open to the whole society
According to Baidu official news, Wenxin Yiyan is the first to fully open to the whole society. Users can download the "Wenxin Yiyan APP" in the app store or log on to the "Wenxin Yiyan official website" to experience it.
It is reported that Baidu will also open a batch of newly reconstructed AI native applications, allowing users to fully experience the four core capabilities of generative AI: understanding, generation, logic, and memory.
On March 16 this year, Wenxin Yiyan opened the invitation test. Li Yanhong, founder, chairman and CEO of Baidu, said that when Wenxinyiyan opens its services to hundreds of millions of Internet users on a large scale, it will be able to obtain a large amount of human feedback in the real world, which will further improve the basic model and further improve the basic model. Iterate Wenxin Yiyan at a faster speed to create a better user experience.
In the past ten years, Baidu's cumulative R&D investment has exceeded 140 billion yuan. The pressure-based R&D investment has allowed Baidu to realize its accumulation and development, becoming one of the few AI companies in the world with a four-layer full-stack layout of applications, models, frameworks, and chips, and realizing end-to-end Optimization, and has key self-developed technologies leading the industry at all levels.
Changan Automobile sold over 1.21 million vehicles in the first half of the year
Changan Automobile released the 2023 semi-annual report. In the first half of the year, the revenue was 65.492 billion yuan, a year-on-year increase of 15.76%; the net profit attributable to shareholders of listed companies was 7.65 billion yuan, a year-on-year increase of 30.65%.
In terms of sales volume, in the first half of 2023, Changan Automobile achieved sales of 1.216 million units, a year-on-year increase of 8.0%. million vehicles, a year-on-year increase of 107.2%.
In addition, Changan Automobile also announced that by 2030, Changan Automobile will invest a total of 200 billion yuan, add more than 10,000 people to the scientific and technological innovation team, build a world-class automobile brand, and achieve sales of 5 million Changan Automobile Group. The number reached 4 million, of which 1.5 million were from Changan Qiyuan.
Beijing Workers Stadium 5G super network launched
At the Beijing Internet 3.0 Innovation and Ecological Development Conference, Ge Qi, vice president of Sinobo Group and founder of GTVerse, and Li Changkong, deputy general manager of China Mobile Beijing, were invited to jointly release the world's first Metaverse-ready Beijing Workers Stadium 5G super network.
Li Changkong, deputy general manager of China Mobile Beijing, said that in view of the characteristics of large XR business traffic and strong user mobility, the Beijing Workers Stadium 5G super network construction adopted a new cloud-network computing industry integrated deployment architecture.
The 5G super network enables mobile users to experience football games smoothly in the digital space. It is an original and successful application of 5G XR technology on the live network, and it "prototypes" and "demonstrates" the large-scale implementation of the Metaverse industry.
The vast number of industry customers and individual consumers can enter the digital space of Gongti Metaverse through their 5G mobile phones, and enjoy multiple Metaverse services and services including Metaverse Digital Football, Metaverse Live Broadcast, Metaverse Social and Metaverse Official Digital Human. application.
Zhiwen Group's Q2 net profit was 568.4 million yuan
Zhiwen Group announced its unaudited financial results for the second quarter of 2023. The financial report shows that in the second quarter of 2023, Zhiwen Group's net revenue reached 3.1377 billion yuan (approximately US$432.7 million), which is not measured in accordance with US GAAP. The net profit attributable to Zhiwen Group in the second quarter of 2023 was 632.1 million Yuan (about 87.2 million U.S. dollars).
According to data compiled by Bloomberg, Wall Street analysts on average expect that Zhiwen Group’s revenue in the second quarter of 2023 will be 3.039 billion yuan. The financial report shows that Zhiwen Group's net revenue in the second quarter of 2023 will be 3.1377 billion yuan (about 432.7 million U.S. dollars), exceeding Wall Street expectations.
Tang Yan, chairman and CEO of Zhiwen Group, said: "This is a quarter of outstanding performance. No matter in terms of financial indicators or the implementation of various strategic priorities, we have made good progress.
As of August 31, 2023, the company has repurchased approximately 12.1 million American Depositary Shares (ADS) in the open market based on this plan, for a total of approximately US$57.2 million, the average price paid per ADS for $4.72.
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