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8: 1 Krypton | Nasdaq confirms tightening of listing rules; Bank of America Merrill Lynch downgrades Pinduoduo’s ADR rating to neutral; most of the popular Chinese stocks closed down, Ruixing fell 35.76%

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big company
Most of the popular Chinese stocks closed down, Ruixing Coffee fell 35.76%
36 Krypton was informed that the three major US stock indexes closed up, most of the popular stocks closed down, Alibaba fell 0.19%, JD.com rose 0.09%, Baidu fell 1.12%, Bilibili fell 7.16%, Weilai fell 5.69%,Pinduoduo fell 3.47%; Ruixing Coffee fell 35.76%. Ruixing Coffee suspended stock trading on April 7. The Nasdaq company said on Tuesday that it planned to start at 7 a.m. EDT on May 20 (Beijing time May 20)7 o’clock in the evening) resume the trading of Ruixing Coffee.
Huanju Group’s Q1 revenue was 7.15 billion yuan, a year-on-year increase of 49.6%
36 Krypton was informed that Huanju Group announced its first quarter earnings report for 2020 after the US stock market closed on Wednesday.Data show that Huanju Group’s revenue in the first quarter was 7.1944 billion yuan, a year-on-year increase of 49.6%; net profit was 386.7 million yuan, compared with 3.120 billion yuan in the same period last year.In the first quarter, the global average mobile monthly active users reached 520.1 million, of which 77% came from overseas markets.
Cambrian responded to inquiries: Sponsors valued the company at 19.2 billion to 34.2 billion
On May 20, the Cambrian responded to the second round of the Shanghai Stock Exchange’s audit inquiry letter.Cambrian disclosed in the reply letter that from January to March this year, the company achieved operating income of 115.526 million yuan, a year-on-year decrease of 18.91%, mainly because the terminal intelligent processor IP authorization business revenue obtained from Huawei HiSilicon decreased significantly year-on-year; netThe profit was a loss of 108 million yuan, mainly due to a substantial increase in R & D investment.The Cambrian estimates that in 2020, the main business income will be about 600 million to 900 million yuan, and the net profit will be a loss of 400 million to 650 million yuan.Based on the aforementioned revenue forecast, the sponsors valued it at RMB 19.2 billion to RMB 34.2 billion.
Xiaomo reduced its holding of about 5.58 million shares of Kingsoft, involving a capital of about 157 million Hong Kong dollars
36 Krypton was informed that the latest information from the Stock Exchange showed that on May 13, JPMorgan Chase reduced its holdings of 5.58041 million shares of Jinshan Software at a price of 28.0799 Hong Kong dollars per share, for a total amount of approximately 157 million Hong Kong dollars.After the reduction, the latest number of shares is approximately 63.675 million shares, and the latest shareholding ratio is 4.63%.
Bank of America Merrill Lynch downgraded Pinduoduo’s ADR rating to neutral, with a target price of $ 64
Bank of America Merrill Lynch Global Research downgraded Pinduoduo ’s ADR rating from buy to neutral, with an average target price of $ 64.(Bloomberg)
Xiaomi Group’s revenue in the first quarter was 49.7 billion yuan, a year-on-year increase of 13.6%
36 krypton was informed that Xiaomi Group released its first quarter results report.In the first quarter, Xiaomi Group’s revenue was 49.7 billion yuan, a year-on-year increase of 13.6%.The market is expected to be 47.767 billion yuan, compared with 43.757 billion yuan in the same period last year.The adjusted net profit was 2.3 billion yuan, compared with 2.08 billion yuan in the same period last year, an increase of 10.6% year-on-year.
Wang Xiang, President of Xiaomi Group: Activation of Xiaomi smartphones in the European market has recovered 90%
Xiaomi Group released the financial report for the first quarter of 2020.In response to whether the development of India and other major overseas markets in the second quarter will be suppressed due to health events, Wang Xiang, President of Xiaomi Group, said that according to the latest data, it has recovered to about 60% of the normal situation in India.In Europe as a whole, as of the third week of May, Xiaomi ’s smartphone activation has returned to 90% of the pre-hygiene events.(Zhitong Finance)
WuXi Bio’s largest shareholder plans to place 50 million shares
According to Bloomberg, WuXi Bio ’s largest shareholder plans to place 50 million shares at a price of HK $ 125.75-128 per share, and raise up to US $ 826 million.
Ant CEO Hu Xiaoming: Every RMB 1 coupon issued across the country will drive RMB 8 consumption
36 Krypton learned that Ant Group CEO Hu Xiaoming said at today’s Alipay Partner Conference that as of now, there have been more than 1,000 digital scenic spots and 300 digital civic centers nationwide, and the first Alipay digital living city has landed in Huzhou.Xiaopeng Automobile and SAIC also jointly launched the first batch of 5G digital travel model cars with Alipay.In addition, there are currently over 100 cities nationwide issuing vouchers through Alipay. On average, every 1 yuan Alipay voucher can directly drive 8 yuan to consume, 90% of the beneficiary businesses are SMEs.
Majority US technology stocks rose, Facebook rose 6.04%
36 Krypton was informed that US stocks closed higher on Wednesday, the Dow rose 1.52%, the Nasdaq rose 2.08%, and the S & P 500 index rose 1.67%.Most large US technology stocks rose, with Tesla up 0.93%, Apple up 1.94%, Facebook up 6.04%, Google up 2.42%, Netflix down 0.75%, Amazon up 1.98% and Microsoft up 1.39%.
Aishide: The company and Alibaba set up a joint venture company Shenzhen Aibaba Network Technology Co., Ltd.
36 Krypton was informed that Shenzhen Ashide Co., Ltd. held the eighth (interim) meeting of the fifth board of directors and the eighth (interim) meeting of the fifth board of supervisors on April 25, 2020, and reviewed and approved the introduction of Alibaba.(China) Network Technology Co., Ltd. as a strategic investor, signed a strategic cooperation agreement, jointly invested in the establishment of joint ventures and other matters and issued announcements.According to the announcement, the joint venture company has completed the industrial and commercial registration, the name is determined to be Shenzhen Aibaba Network Technology Co., Ltd., and has obtained a business license issued by the Shenzhen Market Supervision Administration.Alibaba will expand the online market of new 3C digital products.
Chinese Online: To establish a joint venture with iQiyi and Qingwu to focus on film and television production
36 Krypton was informed that the Chinese Online Digital Publishing Group Co., Ltd. has issued an announcement on the establishment of joint ventures and related transactions with foreign investment.) A joint-venture limited liability company with film and television production and film and television project investment as its main business.The registered capital of the target company is RMB 100 million, of which: Chinese Online invested RMB 30 million and holds 30% of the equity of the target company.
Walmart plans to expand the number of Sam member stores to 100 in the next eight years
Wal-Mart plans to expand the number of Sam member stores to 100 in the next eight years.(Bloomberg)
Indian car-hailing company OLA: revenue has fallen 95% in the past two months
Indian car-hailing company OLA: In the past two months, revenue has dropped by 95%, and 1400 jobs will be laid off in the future.(Reuters)
Investment and Financing
Soy products brand “Modu” won tens of millions of angel rounds of financing
36 Krypton was informed that the soybean product chain “Modou” (Beijing Modouer Food Co., Ltd.) recently announced the completion of a tens of millions of RMB angel round investment led by Qingsong Fund and Beijing Life Service Fund.
Snacks and drinks
“MicroGen Biotech” received US $ 3.8 million in Series A financing to improve global soil health and food safety
According to foreign media reports, recently, the biotechnology startup “MicroGen Biotech” has received a round of financing of 3.8 million US dollars, this round of financing led by Fulcrum Global Capital, The Yield Lab Europe participated in the investment.In addition, Bill Buckner, former CEO of Bayer CropScience USA, joined the advisory board of “MicroGen Biotech”.
In 2012, Dr. Xuemei Germaine, a molecular biologist, established “MicroGen Biotech” at Carlow Institute of Technology in Ireland.It is a solution provider that aims to reduce the content of heavy metals in food, improve soil health, increase crop yields, and clean soil contaminated at agricultural sites.
New product
Rebate Online Online “Eating Planet” Channel
36 Krypton was informed that recently, rebate online launched a new channel “Eating Planet”, set up “non-taste big name”, “Word of mouth list”, “selected good things” and other sections, to provide consumers with food by issuing coupons and subsidiesOffers.
Other important news
Nasdaq confirms tightening of listing rules: listed companies in some countries must raise funds of not less than US $ 25 million
On the evening of May 19, the Nasdaq confirmed that the proposal to amend the listing rules has been submitted to the SEC and is currently awaiting SEC approval.The rule amendments submitted to the US Securities and Exchange Commission are mainly to tighten the listing standards of companies in some countries.Professionals believe that the adjusted Nasdaq listing threshold is acceptable, and tightening of the listing rules is not aimed at Chinese companies.Nasdaq requires that the minimum fund-raising amount of a listed company from a restricted market is 25 million US dollars, or that the minimum fund-raising amount reaches one-quarter of the company’s listed market value after the issuance, meeting the minimum conditions for both.(Securities Times)
The US Securities Regulatory Commission will hold a “lightning protection” round table to discuss what additional measures can be taken to mitigate investment risks in emerging markets
The US Securities and Exchange Commission said it will organize investors and other market participants, regulators and industry experts to hold a round table on July 9 to discuss investment risks in emerging markets.The round table will discuss how to raise investors’ awareness of these risks and what additional measures can be taken to mitigate these risks.The round table will be held remotely, open to the public via webcast, and will be archived for later viewing.(Surging news)
Ministry of Industry and Information Technology: Cumulative mobile Internet traffic from January to April increased by 36.6% year-on-year
The Ministry of Industry and Information Technology announced the economic operation of the communications industry from January to April 2020. From January to April, the cumulative mobile Internet traffic reached 47.9 billion GB, an increase of 36.6% year-on-year. Among them, the mobile Internet traffic reached 46.2 billion GB, an increase of 32.4% year-on-year.It accounts for 96.5% of total mobile Internet traffic.(SSE)
Japan ’s convenience store sales fell by 10.6% in April, a record drop
According to data released by the Japan Franchise Association on May 20, affected by the new coronary pneumonia epidemic, the sales of seven major 24-hour convenience stores in Japan in April were 778.1 billion yen (approximately RMB 51.3 billion), compared with the same period last year.A 10.6% reduction, the largest decline since the current statistical method was adopted in 2005.(CCTV News)
Wuhan completely bans the consumption of wild animals
36 Krypton was informed that on May 13th, the Wuhan Municipal Government’s portal website issued a “Notice on the Strict Wildlife Protection and Management of Wild Animals,” which includes a comprehensive ban on the consumption of all terrestrial wild animals and precious and endangered aquatic wildlife.1. Other wildlife prohibited from consumption by laws and regulations, strictly prohibit hunting of wild animals, strict management of artificial breeding of wild animals, comprehensive prohibition of illegal wildlife trading, strict administration of wildlife approval, and strengthening supervision and inspection of wildlife, etc.The notice shall be effective from the date of promulgation and shall be valid for 5 years.

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