BioNTech Annual General Meeting Successful with mRNA technology

Status: 22.06.2021 10:25 a.m.

At today’s Annual General Meeting, the BioNTech top management can boast great successes. This is not only due to the corona vaccine, in which the company has left many competitors behind.

From Bianca von der Au, ARD stock exchange studio

What happened to the Tübingen-based vaccine manufacturer CureVac is actually the norm in the biotech industry: one drug candidate disappoints. Research is tedious and devours billions. The rapid success of the competitor BioNTech was more than a stroke of luck, believes asset manager Hendrik Leber from the private corporation Acatis. The Mainz biotech company did a lot of things right, he says. “BioNTech made the decision very quickly to develop a vaccine at all. And the choice of partner to work with Pfizer was an extremely good decision.” The US pharmaceutical company opened the door to the American market and at the same time pushed ahead with marketing and clinical studies at a rapid pace.

Does CureVac’s chance lie in the mutants?

The Tübingen competitor CureVac is not only lagging in terms of time, but also in terms of time Effectiveness of his vaccine after. Experts are divided as to whether this deficit can be made up at all. Pharmaceutical specialist Alexander Nuyken from the consulting company EY gives the race is not lost for CureVac – in view of the constant number of new mutations and a low vaccination rate among the world’s population.

mRNA vaccine with great potential

However, the EY expert sees enormous potential in biotechnology, especially in the field, beyond the corona vaccine novel mRNA technology , which CureVac is also researching. “It was originally not developed with Covid in mind, but for completely different therapies, such as cancer”recalls Nuyken. There is the potential to address other diseases with this technology, namely, according to the expert, “cheaper, faster and more efficient.”

There is great hope – not only among investors – that mRNA technology can develop effective agents against previously incurable diseases – not only against cancer, but also against Alzheimer’s, for example. BioNTech has been researching a vaccine against cancer for a long time and, a few days ago, treated a skin cancer patient with an mRNA vaccine for the first time in a phase II study.

Would you like more willingness to take risks?

The path to the surprising success with the corona vaccine was only possible for BioNTech thanks to patient donors in the background. EY pharma expert Nuyken believes that there is a need for greater willingness to take risks in Germany. “How do we get the good science that we undoubtedly have in Germany in companies? And how can we then further develop these companies until they are ready for the market?”the expert asks.

He sees this as the biggest hurdle in the German environment. “In contrast to the American market, we have significantly less capital that is available for the development of these companies.” So it’s no wonder that CureVac and BioNTech have been listed on the Nasdaq technology exchange in the USA in the past two years. But also in Germany, Corona and the search for a vaccine have put the biotech industry in the (spotlight) light. According to EY, the German biotechnology company is in the Corona year 2020 so much capital flowed in as never before . In CureVac, the federal government even invested 300 million euros – a risky investment

Although it has been preparing to apply for a license once it is established, Huiyintong, which was born at the end of 2014, is destined to miss this license. As early as July 2014, after the central bank issued the ninth batch of 27 licenses, there have been rumors that the central bank will tighten license approval. In February 2015, the central bank mentioned in the notice on the key points of payment and settlement: “We must strictly enforce market access for payment institutions, encourage the merger and reorganization of existing institutions, continue to develop and improve market exit mechanisms, and study and implement classification and hierarchical supervision of payment institutions.” This is also considered by the outside world to be an important signal of the tightening of license policies. Since then, when the first batch of payment licenses expired and renewed in August 2016, the central bank made it clear that in principle, no new licenses would be issued, and Huiyintong’s wish to apply for a license was thus frustrated. Around 2014 when Huiyintong was born, it coincided with the small peak of domestic home appliance companies entering into finance. After experiencing the impact of the price war in 2000, in order to solve the capital needs of the upstream and downstream of the industrial chain and maintain profit growth, home appliance companies have embarked on a development path that combines industry and finance. In 2014, Haier and Gome successively established financial holding companies. Subsequently, TCL, Suning, and Midea also joined the camp. Home appliance companies have adopted equity participation or the establishment of new financial institutions to expand into the financial field. At the same time, the Internet financial industry in 2014 is in full swing. The success of Alipay and WeChat has caused many companies to target the payment industry, and the payment license as an industry pass is naturally sought after by everyone. Throughout the licensing history of several major appliance giants, Suning obtained a payment license through its wholly-owned subsidiary Epay as early as 2012, while Haier acquired a licensed third-party payment institution in March 2014. Quick pass. In addition, in August 2016, Midea acquired a 50% stake in Shenzhou Tongfu for 300 million yuan. In June 2017, Gome Financial Technology announced the acquisition of the entire equity of Yinyingtong Payment for 720 million yuan. So far, only TCL and Gree have never had a card in their hands. Although today, when the number is only decreasing, the license has gradually become a “rare thing”, but it is not that you have the wealth code if you have a payment license. In 2020, Haier’s Express Pass had a net loss of 14.178 million yuan for the year. This payment company not only failed to bring Haier profits, but also generated more than 700 million current liabilities. A few days ago, Haier Financial Holdings has signed an agreement with Commodity City, a listed A-share company, and intends to transfer this license at a price of 450 million yuan. For companies like Suning and Gome that have a complete e-commerce ecosystem, the payment license in hand can maximize the synergy value with the original business. Obviously, Haier and TCL lack such e-commerce soil, and payment licenses have become tasteless. After seven years of deployment in Internet finance, TCL has so far successfully obtained multiple licenses for Internet microfinance, consumer finance, and commercial factoring. However, it is only in the field of payment that it “runs naked without a license”. Faced with the indefinite reopening of approvals, the cancellation of Huiyintong is a prelude to an acquisition that is in line with its peers? Or is it a complete abandonment of this dispensable license? It is not yet clear

After interim analysis CureVac defends its vaccine

Status: 06/18/2021 10:19 a.m.

Although an interim analysis of the CureVac vaccine only showed an effectiveness of 47 percent, company boss Haas does not want to know anything about a failure. He is hoping for further tests so that the vaccine will be ready for the market after all. The negative news for the Tübingen company CureVac continues. At first, the company lagged behind the competition in developing its corona vaccine. Then the company went late to the crucial phase 3 to test its vaccine – at that time there were already several variants of the coronavirus. The next bad news followed yesterday: CureVac announced in a mandatory stock market announcement that, according to an interim analysis, its corona vaccine had a preliminary effectiveness of 47 percent against Covid 19 disease “of any severity” have. The value is significantly higher for the other preparations approved in the EU.

“Wild type hardly plays a role anymore”

Company boss Franz-Werner Haas has now gone on the offensive. He defended the company’s corona vaccine against the dpa news agency. No other vaccine has been tested on so many virus variants, he said.

“In fact, it is actually not correct to compare the number of the provisional effectiveness of our corona vaccine and the numbers of the effectiveness of other vaccines”said Haas. The study on the corona vaccine candidate CVnCov contained 29 virus variants. The original virus, the wild type, hardly plays a role anymore. “The efficacy figures for the other vaccines would probably look different if their studies had been carried out at a later date.”

Degree in three weeks

The Tübingen-based company would like to complete the analysis of the data from the final study phase in the next two to three weeks. Haas was convinced that the effectiveness of the vaccine would change again. As soon as this has been completed, CureVac will advise the EMA as to whether further data is required.

The company remains convinced that it will bring its vaccine to approval. According to Haas, even a possibly relatively low effectiveness should not stand in the way. “In view of the pandemic, it can only be said: If there is an effective vaccine, it should also be used.” Haas also referred to the numerous developing countries in which little or no corona vaccines are currently available. The scientific director of the vaccine study at CureVac, Peter Kremsner, believes that it will certainly be possible to make the vaccine operational. In an interview with the BR he said: “That will work for sure. From my point of view, this will not be possible in the next few weeks. But it will be possible to prepare the vaccine so that it can be very effective.”

“It was a noble cause”

The SPD health expert Karl Lauterbach estimates that the setback when entering the market will contribute to the vaccination campaign losing pace for two to three weeks. The promise of the federal government to make a vaccination offer to all adults by the end of the summer is not at risk. “We will reach herd immunity in mid-September”said Lauterbach in the daily topics .

Lauterbach pointed out that the CureVac serum is the “noble” I wanted to be a cheap and very effective vaccine. It would have been predestined for poorer countries. The EU had promised 400 million doses of CureVac to poorer countries. Lauterbach assessed it as a tragedy that this delivery has now been canceled.

No withdrawal of the investor

The announcement of the preliminary effectiveness had caused a drastic plunge in the stock exchange price of CureVac. Investor Dietmar Hopp still believes in the company. He will definitely stay as an investor, he said “Munich Mercury”. He is a firm believer in the company.

The federal government is also holding on to its stake in CureVac, as the Ministry of Economic Affairs said. Last year, he entered CureVac through the KfW development bank with 300 million euros and, according to KfW, holds a share of 16 percent. The federal government has no influence on the operational business, explained the ministry spokeswoman

Corona vaccine CVnCoV Bad Intermediate result for CureVac

As of: 06/17/2021 6:42 a.m.

Setback for CureVac: The corona vaccine CVnCoV only showed an effectiveness of 47 percent in the second interim analysis, said the Tübingen-based company. The study is to be continued. CureVac’s corona vaccine candidate CVnCoV missed the statistical targets in a second interim analysis. The Tübingen-based company announced this in a mandatory notification. There it says: “In a previously unprecedented environment with at least 13 variants within the subset of study participants examined in this interim analysis, CVnCoV achieved a preliminary effectiveness of 47 percent against COVID-19 disease of any severity and thus did not meet the specified statistical success criteria.” Initial analyzes have shown that the effectiveness depends on the age group examined and the virus strains, the company continues. The vaccine candidate is in the final stage of clinical development. CEO Franz-Werner Haas announced that one had hoped for stronger results in the interim analysis. But continue the current study until the final analysis.

Actually soon approval is planned

Until the beginning of June it had been said that the company expected – depending on the clinical trial data – the approval of its vaccine candidate in the EU at least for the second quarter. But shortly afterwards it became known that the proceedings would be further delayed.

CureVac, which works with Bayer, had long been considered one of the hopes in the competitive race for approval of the first corona vaccines. But while vaccines have been administered by numerous competitors worldwide for months, the Tübingen-based company is still collecting data – and recently had repeatedly put off shareholders and observers.

On the evening of June 20, Gree Electric announced the first phase of the employee stock ownership plan. The total number of employees who intend to participate in the employee stock ownership plan does not exceed 12,000. The capital scale of the employee stock ownership plan does not exceed 3 billion yuan, accounting for the company’s total share capital. 1.8%.

Southern Metropolis reporter noticed that, perhaps affected by this news, after the opening of the market on June 21, Gree Electric Appliances plummeted all the way. At the close of the market, Gree Electric Appliances stock price was 51.11 yuan, a decrease of 4.79%.

On the evening of June 20, Gree Electric announced the first phase of the employee stock ownership plan. The total number of employees who intend to participate in the employee stock ownership plan does not exceed 12,000. The capital scale of the employee stock ownership plan does not exceed 3 billion yuan, accounting for the company’s total share capital. 1.8%.
Southern Metropolis reporter noticed that, perhaps affected by this news, after the opening of the market on June 21, Gree Electric Appliances plummeted all the way. At the close of the market, Gree Electric Appliances stock price was 51.11 yuan, a decrease of 4.79%.
Gree Electric’s last large-scale equity incentive was in 2009. At that time, the major shareholder Gree Group transferred 16.042,500 shares of Gree Electric. The company’s senior executives provide equity incentives.
On April 15 this year, Gree Electric announced again that it plans to launch an employee stock ownership plan. The total number of stocks to be held in this employee stock ownership plan does not exceed 3% of the company’s total equity. The total number of stocks corresponding to the equity interests of a single employee The cumulative total does not exceed 1% of the company’s total equity. Gree Electric stated that the source of stocks for this employee stock ownership plan is the accumulated repurchased shares in the company’s special repurchase account and the shares obtained in a manner permitted by laws and regulations such as secondary market purchases.
Nandu reporter combed and found that since April 2020, Gree Electric has issued three share repurchase announcements. In 2020, Gree Electric Appliances repurchased shares twice, with a total of 12 billion yuan used to repurchase a total of 209 million shares, accounting for 3.48% of the company’s total share capital. On the evening of May 26, 2021, Gree Electric announced the highest of the new phase The 15 billion yuan stock repurchase plan is used to invest in equity repurchase for employee incentives, improve governance mechanisms, and do diversified businesses. The repurchase amount exceeds the sum of the previous two periods.
According to the announcement on June 20, the latest employee stock ownership plan intends to purchase the company’s repurchase shares at 27.68 yuan per share. The purchase price is equal to 50% of the company’s recent average price of repurchased shares, compared with the closing of the stock (53.68 yuan) last Friday. The price discount is as high as 51%. The total number of employees who intend to participate in this employee stock ownership plan does not exceed 12,000, including a total of 8 company directors (excluding independent directors), supervisors, and senior executives, as well as middle-level employees who have an important role in the company’s overall performance and medium and long-term development Cadres and core employees.

Among them, in this employee stock ownership plan, Dong Mingzhu intends to subscribe for a maximum of 30 million shares, and the proposed maximum amount of funds is about 830 million yuan, accounting for 27.68% of this employee stock ownership plan. Other directors or vice presidents subscribed for 600,000 shares, and employee supervisor Wang Fawen subscribed for 80,000 shares. The remaining shares are the company’s middle-level cadres and core employees. In addition, although employees can subscribe for Gree Electric’s shares at half price, this “benefit” also has additional conditions-the employee stock ownership plan has set a two-year performance appraisal period. The employee stock ownership plan assigns the corresponding rights and interests to the holders of the employee stock ownership plan in two phases according to the assessment results during the vesting evaluation period, and the attributable ratio in each phase is up to 50%. The evaluation indicators of the employee stock ownership plan are divided into company performance evaluation indicators and individual performance evaluation indicators. In the first vesting period, the net profit in 2021 will increase by no less than 10% compared to 2020, and the cash dividend per share for the year shall not be less than 2 yuan or the total cash dividend shall not be less than 50% of the net profit for the year. In the second vesting period, the net profit in 2022 will increase by no less than 20% compared to 2020, and the cash dividend per share for the year will not be less than 2 yuan or the total cash dividend will not be less than 50% of the net profit for the year. After the plan came out, some Gree Electric’s investors’ plan rebounded strongly, believing that the exercise and excitation conditions of the employee stock ownership plan were too loose: Due to the new crown epidemic in 2020, Gree Electric’s performance base for the year was very low. Performance as a benchmark to set the incentive conditions for employee stock ownership is too loose. In addition, Gree Electric’s share price has not risen significantly in more than two years. At this time, the employee shareholding plan stock price can be risk-free arbitrage at a 50% exercise. Some investors also believe that Dong Mingzhu’s personal shareholding is as high as 30 million shares, which is too high in the employee shareholding plan. In addition, the Southern Metropolis reporter noted that on December 31, 2020, Gree Electric’s share price reached its highest point of 69.79 yuan. But after 2021, its stock price has fallen all the way to early 50 yuan, and the cumulative decline has been close to 30%. Written by: Southern Metropolis reporter Kong Xueshao

Online fashion retailer About You starts on the stock exchange

Status: 16.06.2021 3:14 p.m.

The online fashion retailer About You, an offshoot of the traditional mail order company Otto, has gone public. Business is doing brilliantly in the pandemic – more Internet retailers will follow. From Victor Gojdka, ARD stock exchange studio When a fashion retailer goes public, the traders on the trading floor also pay attention to the right thread. Blue suit, polished shoes – tie fits. You can start trading with the fashion retailer About You. Serhad Gündogan from Baader Bank announced the first price: 25.60 euros. A good start for the online fashion retailer who ships almost everything from jackets, pants, jeans to low shoes. It generated more than a billion in sales in the past fiscal year. With a very special target group, says financial expert Volker Brühl from the Center for Financial Studies: “Above all, very young people who are very internet-savvy and naturally use their smartphones to go shopping. And that is what sets About You apart from Zalando. ”

05/27/2021

Money for international growth

The IPO brought the company around 650 million euros into the cash register. And the company leaders already have ideas of what they want to do with this money, says stock exchange expert Brühl. “You currently have around one billion euros in sales. That is still comparatively little – and that is why you have to invest heavily in international expansion. In marketing too, of course, which also costs money.” Stock exchange expert Robert Halver from Baader Bank is also on the floor today. Baader Bank took care of the IPO behind the scenes – and Halver himself likes to order online: “I’m an avid clothes buyer on the Internet, so I hate going into stores.” It is true that not everything always fits when you buy clothes online. “But I prefer that to having to stand in a row. That’s the worst thing there is for me.”

March 16, 2021

More and more customers are shopping online

According to Halver, he personally did not suffer from Corona and the closure of the retail trade. And investors are also hoping for this sales boom with Corona. About You shares have now climbed to as much as 26.80 euros. And other online retailers such as Bike24 or the glasses mail order company Mr. Spex also want to go to the floor. A real boom in IPOs, says Halver. “The mood on the stock exchange is good.” And when the mood on the stock exchange is good, companies are inclined – if they were toying with the idea of ​​going public anyway – to take advantage of this good mood. “Who goes public when we have a crash? Nobody does that. But no one knows whether the online boom will continue after the corona easing. The boom in IPOs in Frankfurt: it harbors risks for investors.

Hangzhou Boiler Co., Ltd. issued an announcement on the noon on June 21 that Zhejiang Hangzhou Boiler Energy Investment Management Co., Ltd. (hereinafter referred to as “Hangbuo Energy Investment”), a subsidiary of the company, intends to invest 12 million yuan with its own funds to establish a wholly-owned subsidiary Hangzhou Xiziling Carbon Energy Co., Ltd. (tentative name, hereinafter referred to as “Xizi Zero Carbon Energy”). Xizi Zero Carbon Energy plans to invest in the construction of a demonstration project for the integration of source, network and load storage in the Zero Carbon Smart Energy Center of Xizi Aviation.

It is reported that the business scope of Xizi Zero Carbon Energy includes: steam, air-conditioning, and electricity production and supply; construction, operation and service of energy storage systems and distributed photovoltaic power station systems; engineering management services; technical consultation and technology for energy storage and power engineering Development; carbon resource management, inventory, verification, trading, consulting; industrial investment (except for venture capital and those prohibited by national laws and administrative regulations).

According to the announcement, the establishment of the company marks the company’s formal entry into the field of zero-carbon energy and energy storage, and is based on the “Xizi Aviation Zero-Carbon Smart Energy Center Integrated Source, Network and Load Storage Demonstration Project” for energy storage (Molten salt energy storage , Battery energy storage, etc.) comprehensive technology verification, to build a zero-carbon energy system design, construction and operation service capabilities. After the completion of the project, it will serve as a demonstration of the energy storage market. Lay the foundation for the expansion of the energy storage market .

According to previous reports, Hangzhou Boiler Co., Ltd. intends to publicly issue convertible corporate bonds, raising no more than 1.11 billion yuan for the new energy technology manufacturing industry base (Zhejiang Xizi New Energy Co., Ltd.) Annual production of 580 sets of solar thermal solar heat absorbers, heat exchangers and heat transfer oil heat exchangers, boiler projects and supplementary working capital . On May 27, 2021, it signed the “Strategic Cooperation Framework Agreement on Molten Salt Heat Absorber and Molten Salt Heat Exchanger for Tower Solar Thermal Power Generation Project” with Zhejiang Supcon Solar Technology Co., Ltd. It is based on energy storage technology and extends to other forms of energy storage technology. In addition, it and Zhejiang University jointly established the “Advanced Energy Joint R&D Center” to carry out comprehensive cooperation in the fields of solar thermal and energy storage power generation, carbon dioxide capture and comprehensive utilization, and solid waste treatment, aiming at the current pain points and difficulties in the new energy field , Focus on breaking through the key technology of “stuck neck”. At present, the first batch of cooperative research directions have phased research and development results, and they are advancing towards the goal of industrialization.

The 8X boss of the ‘$22 billion company’ will answer questions via an online channel The content of the email, this 8X character (also known as Marin) stated: “In the past time, our corporation has registered a business with charter capital of 500,000 billion. This has caused a stir in public opinion and has caused a lot of problems. People who ask questions and raise many questions about our corporation To clarify all doubts I am Nguyen Vu Quoc Anh, currently the Chairman and CEO of GAB group, will officially open a press conference to answer questions. questions about the registration of Charter Capital 500 trillion and a brief introduction about GAB Group”. The press conference will be held tomorrow Tuesday, June 15, 2021 online via its own Youtube channel. According to Article 41 of the Press Law, Vietnamese agencies, organizations and citizens have the right to hold press conferences to announce, declare, explain and respond to contents related to their tasks, powers or interests. of that agency, organization or individual. Regarding the regulations on press conferences according to Article 19, Chapter V, Decree No. 51/2002/ND-CP of the Government, organizations and citizens who want to hold a press conference must notify in writing at the latest twenty-four (24) hours before the press conference, the state management agency in charge of the press, specifically organizations and citizens in the provinces and centrally run cities, shall notify the People’s Committee of the province or city directly under the Central Government. (Department of Information and Communication). Talking over the phone, Quoc Anh acknowledged that this was not a press conference, because he had not asked for permission from the Department of Information and Communications, so this was an online form to answer questions from the community about the company’s huge capital. As VietnamFinance has information, in 1 month, Nguyen Vu Quoc Anh personally established 5 companies at the same time. Specifically, Mr. Nguyen Vu Quoc Anh held the controlling share when, along with other shareholders, on May 20, he registered a new establishment with a charter capital of up to VND 500,000 billion for the Technology Investment Group Joint Stock Company. global auto. Also on May 20, they registered to establish a joint stock company of a global auto trading group with a capital of VND 25,000 billion and a joint stock company of Global Automated Tools Group with a capital of VND 100 billion. On May 28, Mr. Quoc Anh continued to register to establish a global luxury gift group Joint Stock Company, with a charter capital of VND 50 billion. Previously, on April 27, Mr. Quoc Anh established E-Commerce Headhunter Vietnam Co., Ltd., with a charter capital of 1 billion VND. The total charter capital of these 5 companies is VND 523,151 billion, of which Quoc Anh personally accounted for a total capital of 523,102 billion (equivalent to USD 22.7 billion). The registered address of the company is a level 4 house at 109, street 3, Phuoc Binh ward, TP. Thu Duc, City. HCM. In addition, the sales offices of large companies are located in Bitexco Financial Tower and Landmark 81. Although located in two different places, the leased floors are operated by Compass Offices, a service provider. virtual office and serviced office for rent. According to the homepage of Compass Offices, the rental price of virtual offices at Bitexco Financial Tower and Landmark 81 is only VND 1,200,000/month, including services such as providing business registration addresses, mailboxes, and call centers. customer care… Compass Offices currently provides virtual and serviced office rentals in 9 major cities across Asia-Pacific. In the city. In Ho Chi Minh City, the company has 2 branches at Bitexco Financial Tower and Landmark 81. Virtual office leasing is a service that provides businesses with a physical address and other office facilities, but does not include an office. With a virtual office, the business does not have a workspace but still has a registered business address, mailbox, answering service or other services.

Produced | Sohu Think Tank

Edit | Xu Xiaoqi

On May 23, the live broadcast of “Value Symbiosis: Organizational Management in the Digital Era” jointly held by People’s Posts and Telecommunications Press and the BiMBA Business School of Peking University National Development Institute was held online. Song Zhiping, President of China Association of Listed Companies and President of China Enterprise Reform and Development Research Association, delivered a speech at the meeting.

Song Zhiping pointed out that companies should attach great importance to the domestic market, pay attention to the arrival of the new energy era and the digital era, and make strategic adjustments accordingly.

Song Zhiping pointed out, The strategic adjustment of the enterprise must be carried out in the heyday of enterprise development . “In many cases, companies will only make strategic adjustments when they are down and at the bottom. But Entrepreneurs should take precautions instead of waiting for something to go wrong. . ”

He said that after the company adjusts its strategy, it is not all going well, but it must seize the key tasks of the new season. Brand issues, low-carbon, new energy business, intelligence, etc. are all key tasks.

Song Zhiping said, Under the new season, companies should go from competition to competition . “The business environment should be symbiotic. It is good to have competition, but disorderly virtual competition and vicious competition are not conducive to the development of enterprises. Therefore, it is necessary to compete and cooperate.

In his opinion, Industry interests are higher than corporate interests, and corporate interests are bred in industry interests . The war is over, and companies need to collaborate and cooperate. “Cement companies operate in this way, so today, despite the excess capacity, cement companies are very healthy. Therefore, when we are doing business, we should not only consider competition but also cooperation.”

Song Zhiping also said that from symbiosis to sharing is also the key to the development of an ideal enterprise. He gave an example: Haitian Group is an employee stock company, and employees hold 59% of Haitian Health.

He envisioned, Can everyone be a shareholder , Allowing human capital to enter the distribution, turning the enterprise into a shared platform. In addition to salary, it also allows every employee to have a dividend . “This is my ideal enterprise, and I also think that the future enterprise should develop in this direction.”

Shareholder information shows that the company is jointly held by Zhang Tingfen and Wang Yuan, holding 80% and 20% of the shares respectively. Please note that one of the company’s business is “film production services”, that is to say, Wang Yuan did not give up the “actor dream.” Although Wang Yuan is studying at Berkeley Conservatory and his current main business is “singer”, he still wants to try acting.

Wang Yuan has acted in 6 TV dramas. The first five are all played with Wang Junkai and Yi Yanqianxi. They are either guest appearances or few dramas. Wang Yuan has only acted in a TV series “The Great Master of Beiling Youth Records” as the “male number one”. The broadcast volume and reputation of this series are very average, so no one will look for Wang Yuan to act in the TV series.

Wang Yuan has acted in 7 films, none of which is a male number one, either a group show or a guest appearance. The success of the film is not Wang Yuan’s credit; if it fails, Wang Yuan does not have to be a fool. Wang Yuan’s film scores and TV drama scores are far behind those of Wang Junkai and Yi Yang Qianxi, perhaps because Wang Yuan University studied music, while Wang Junkai and Yi Yang Qianxi University studied acting.

It is not yet known which is the cause and which is the effect? Was it because no one looked for Wang Yuan to make a movie, so he went to learn music; or because Wang Yuan was learning music, no one looked for him to make a movie. Yi Yang Qianxi has successfully transformed from a traffic star to a powerful actor. He has won many awards and the box office is also very high.

Moreover, Yi Yang Qianxi is positioned as a “movie actor” and no longer plays TV series. He currently has 4 movies to be screened: “Changjin Lake”, “Miracle”, “Chinese Doctor”, and “There is Her in the World.” Wang Junkai hasn’t taken over TV series in recent years, and it seems that he is also going to be a “movie actor”. Wang Yuan can actually focus on the TV series market, so he doesn’t conflict with his brother.

However, since Wang Yuan’s business is “film production services”, it is impossible to say that Wang Yuan will be his own boss and invest in acting in movies, so that he can cooperate with Wang Junkai and Yi Yan Qianxi. The two brothers shouldn’t care about the pay too much with Wang Yuan, right? Wang Yuan can actually be the producer.

Of course, Wang Yuan’s main job is to prepare a new album! Recently, Wang Yuan shared a photo of a recorded song. In the photo, Wang Yuan has pigtails and messy hair. He said funnyly: “My hair has my own thoughts about the album.” Yi Yang Qianxi and Wang Junkai have no time to make the album. Only Wang Yuan has the time and ability.

Discussion: Do you want Wang Yuan to act?

Data map

As an important gathering place for the transfer of the domestic electronics industry, emerging market countries such as Vietnam, India, and Malaysia, due to the recent rebound of the new crown epidemic, have caused some factories to suspend operations in some areas, and there is news that industry orders are returning to the country.

A reporter from the Securities Times·e Company found that the current volume of electronic orders returning to China is limited and restricted by factors such as limited production capacity and different division of labor. The corresponding domestic enterprises have limited capacity; on the other hand, due to the epidemic situation and global core shortages, etc. Under the influence, the security of the supply chain has gradually become a consensus, which further catalyzes the diversion, migration, and fluctuation adjustment of electronic products in the international industrial chain.

(As of June 14, 2021, Malaysia, India, Indonesia, Vietnam newly confirmed cases of new crown epidemic data unit per million population data source: Our World in Data)

Reflow of orders but limited production capacity

“There are some overseas orders returning to China, but we are very cautious in taking orders.” As a leading mobile phone contract manufacturer in China, the company has factories in Indonesia and India. Company executives told reporters that these return orders have their own overseas customers as well as other manufacturers’ transfers, but the problem is that the domestic production capacity is now fully loaded.

“Now there is still a shortage of chips such as memory,” the above-mentioned executive told reporters. Due to factors such as the limited capacity of upstream fabs and the stockpile in the industry, the global core shortage problem has not been fundamentally alleviated, which has also affected the ability to receive orders to a certain extent. According to a survey by the market research agency TrendForce, the recent graphics DRAM contract market is still in short supply, and the order fulfillment rate of some small and medium-sized customers is only about 30%. It is expected that this tight supply and demand situation will continue into the third quarter.

In the semiconductor industry, Malaysia and the Philippines have gathered assembly and test production links, including Intel, Texas Instruments, ASE, A-share Tongfu Microelectronics, Huatian Technology, etc., all set up factories there. Recently, these countries have also rebounded from the epidemic. Malaysia has even started Full movement control will be implemented from June 1st.

However, the reporter learned that the semiconductor industry is not restricted by epidemic prevention and control, and local packaging and testing companies and production lines in Malaysia are still running; and the current domestic packaging and testing companies are generally full-loaded and expanded, and their ability to undertake large-scale return orders is limited.

“We can’t accept domestic orders,” the staff of Huatian Technology’s Secretary Office told reporters that the company’s overseas factories are operating normally and have not been affected by the epidemic. In the work deployment in 2021, Huatian Technology will speed up the increase of new production capacity as the top priority to ensure that the company and Malaysia Unisem and other subsidiaries are in place to form production capacity as soon as possible to meet customer needs and effectively expand market share. The company has planned to increase capital of 5.1 billion yuan, which will be used for the expansion of integrated circuit multi-chip packaging projects.

Domestic head electronic component consignment manufacturers also told reporters, “The panic has increased due to the epidemic. According to our understanding, there are not many return orders in the field of electronic components, which is too exaggerated.”

Faced with the impact of the epidemic on production, companies will consider adjusting orders in different regions. Recently, Taiwan’s packaging and testing plant KYEC was exposed. Affected by the epidemic, adjustments in personnel and operation schedules will reduce the company’s output in June by 30%-35%. Industry insiders expect KYEC to transfer some orders to the company’s Suzhou plant. .

As one of Apple’s suppliers, Lens Technology has a factory in Vietnam. Regarding the impact of the epidemic in Vietnam, the company’s executives told reporters that after the local epidemic, Lens Technology communicated with customers on re-adjusting production arrangements and reached an agreement. Related products have been arranged in Hunan related parks, and the related parks have sufficient production capacity. It is not expected to have a negative impact on customer product delivery.

In addition, Chaoyang Technology is engaged in earphones and electro-acoustic product accessories. The company said in response to investors’ questions that the impact of the Vietnam epidemic on the company is relatively limited. According to reports, Chaoyang Technology has set up two wholly-owned subsidiaries in Vietnam. The upgrade of the epidemic prevention and control measures in Vietnam involves the subsidiary Viet Nam Lusheng belonging to the Beijiang area. Currently, it is actively cooperating with the local government’s epidemic prevention requirements and strictly implementing the epidemic prevention policy; the company It has been coordinating the operations of the two subsidiaries in Vietnam, and has adjusted part of the production capacity and production tasks to another Vietnam Chaoyang Industrial Co., Ltd.

Zhilai Technology, which is engaged in automatic storage cabinets, said that the Vietnam epidemic has had a certain impact on the efficiency of the procurement of some materials and the export of products in the Vietnamese factory, and has not had a significant impact on the production and operation of the Vietnamese factory. The expansion of the new production capacity of the factory is still progressing in an orderly manner, and it is expected to start production by mid-year. The company’s main production base is located in Xianning, Hubei. If the Vietnam epidemic is out of control and the factory cannot produce normally, the Hubei factory will take over the production tasks of the Vietnam factory and will not affect the production and delivery of orders.

The epidemic has not stopped industrial migration

“As far as we know from the industry chain, the current return of electronic orders is mainly small home appliances and handheld products, which has little impact on customer orders such as Apple and Samsung.” Dong Shimin, director of the Yuanchuan Research Institute, told reporters.

In fact, under the background of Sino-US trade frictions and rising labor costs in the mainland, listed electronics companies have continued to set up factories in Vietnam, India and other places in recent years, even during the epidemic. Among them, Vietnam is the hottest.

According to statistics on foreign investment in Vietnam from the Ministry of Planning and Investment of Vietnam, in the first four months of this year, Vietnam’s attractiveness for foreign direct investment is still relatively optimistic. Funds increased by 24.7% year-on-year; China’s investment in Vietnam has ranked fourth in the first three months of this year, second only to Singapore, Japan, and South Korea. According to Vietnamese statistics, in 2020, China is the third largest source of investment in Vietnam, with a total registered investment of US$2.46 billion, accounting for approximately 8.6% of Vietnam’s total foreign direct investment in the whole year.

Vietnam has also introduced a number of policies to attract foreign investment, becoming an investment destination of “China+1” under the background of Sino-US trade frictions. According to the reporter’s understanding, Vietnam has passed the “Investment Law” (Amendment), “Enterprise Law” (Amendment), “Public Private Partnership (PPP) Investment Law” and other laws on investment and operation, simplifying investment procedures and making it more transparent. And diversify investment forms, and even optimize supplementary investment preferential mechanisms. In addition, Vietnam is a member of the Regional Comprehensive Economic Partnership Agreement (RCEP), the Comprehensive and Progressive Agreement on Trans-Pacific Partnership (CPTPP), and the Vietnam-EU Free Trade Agreement (EVFTA), which facilitates foreign investment. condition.

At the same time, Vietnam also gives preferential taxation. According to the disclosure of Lens Technology, the corporate income tax rate of the Vietnamese subsidiary is 20%. Starting from the year of profitability, it will be exempted for the first 2 years and reduced by half for the next 4 years.

In response to the recent rebound of the epidemic, the Vietnamese government requested that priority be given to key industrial production provinces in northern regions such as Beijiang and Beining. The Vietnamese government has instructed various departments and agencies to give priority to the above-mentioned two provinces to provide the new crown vaccine for vaccinating workers in industrial parks to ensure uninterrupted production and operation. In addition, the government has also introduced financial measures such as loan-free interest rates for customers affected by the epidemic.

From the data point of view, the enthusiasm of A-share listed companies to invest in Vietnam is high, and the electronics industry in particular surpasses other Southeast Asian countries. In 2020, the new crown epidemic is raging around the world, but the number of listed companies raising investment in Vietnam projects has increased significantly. Wind statistics show that since 2020, listed companies such as Yutong Technology, Intellectual Power, and USI have invested in Vietnam’s packaging expansion, precision technology and wearable equipment through convertible bonds, additional issuances, and other projects. In addition, they have jointly created lawns and Huali. The initial IPO fundraising of listed companies such as the Group and Aimer shares also involved local projects in Vietnam, and the total amount of relevant fundraising exceeded 3.4 billion yuan.

Investors’ attention to the direction of the industry’s shift has also continued to increase. According to the statistics of Tianyan Check, the number of survey minutes containing the keyword “Vietnam” began to increase in 2018, and the number of disclosures reached 58. Subsequent to this, the number has basically doubled in 2019 and 2020, reaching 204 by 2020, and it has been close to 100 since this year. seal.

“From the historical background of industrial transfer in Southeast Asia, as early as the 1990s, Japan had already begun to transfer to Southeast Asia and other countries.” Dong Shimin told reporters that from a time point of view, after China joined the WTO, Southeast Asia is also trying to attract industries to the local area. However, at that time, the advantages of labor cost replacement were not obvious, and corporate management experience was insufficient, and no obvious results were achieved in the end.

Dong Shimin introduced that by about 2012, Samsung began to try out the migration of some domestic industries with relatively low technical requirements. Apple suppliers such as Goertek and Luxshare Precision are also transferring, and with the continuous improvement of management level, By training local employees, increase the success rate of industrial transfer.

The executives of Lens Technology introduced to reporters that in recent years, they have continuously improved the layout and development of the industrial chain. They have set up 9 R&D and production bases in China and Vietnam, which can better respond to changes in the external environment, meet the diverse needs of customers, and optimize products. Delivery location and supply capacity to diversify supply chain risks. At present, each of the company’s production parks is self-built and owned by the company, with complete ownership, and the level of automated and intelligent production is stable and leading in the industry.

(Source: CICC)

Apple suppliers intensively go to Vietnam

Tracing the driving force behind the changes in the industry, following customers and the market has become the most critical factor in the migration of the electronics industry, and will even set up factories in different countries according to different customer needs. Sunny Optical executives also introduced earlier that the company’s global layout is customer-centric and follow customers for localized production. For example, the establishment of factories in India is to facilitate cooperation with OPPO, vivo and other customers, and the production in Vietnam is to cooperate with Samsung.

As the vane of the consumer electronics industry, Apple has built a diversified manufacturing system as the company’s long-term strategy. Signs of industrial relocation can also be seen in its latest fiscal year 2020 supplier list: On the one hand, there are 51 suppliers in mainland China (including Hong Kong, China), surpassing the number of suppliers in Taiwan, China for the first time in history; on the other hand, The number of Apple suppliers in Vietnam has increased from 14 in fiscal year 2018 to 21, which is even twice the number of Indian manufacturers in the same period.

If you further compare the details of the changes in the number of manufacturers in the 2018 and 2020 fiscal years, you can find that Apple suppliers in mainland China have become the main increase in setting up factories in Vietnam. Among them, after Goertek and Yutong Technology, Luxshare Precision and Lens Technology A-share listed companies such as A-shares, Lingyizhizao, and Meiyingsen have set up factories in Vietnam, replacing some of the Japanese and Korean suppliers that had previously set up factories there.

Mei Yingsen’s board secretary, Liu Huifeng, also told reporters that the main purpose of going to Vietnam to set up factories is to follow customers and make matching packaging. “It would be too expensive to ship the packaging from China, and we will lose the customer if we don’t go.” As for whether it will continue to increase overseas production capacity in the future, Mei Yingsen said that it is very likely.

Yutong Technology, a counterpart of Meiyingsen and a supplier of Apple, established its first production base in Vietnam as early as 2011, and has now expanded from Vietnam to India, Indonesia and Thailand and established 6 production bases. In April 2019, it used its own (self-raised) funds to purchase the original leased plant and land use rights, at a cost of approximately 60.34 million yuan; in April last year, the company also raised 1.4 billion yuan through the issuance of convertible bonds, including fundraising Invested in Vietnam and Indonesia to expand the production line of electronic product packaging boxes.

On the whole, compared with the domestic Apple industry chain, Southeast Asia’s production capacity is relatively small, and it undertakes the transfer of relatively peripheral and low-end industries, but it is already on the track of gradual growth. In the introduction to investors, the executives of Goertek pointed out that the company’s manufacturing is centered in Weifang and Vietnam is supplemented; the company has been in Vietnam since 2013 and now has a considerable scale. From the perspective of revenue share, last year, Goertek’s overseas revenue contribution reached 50.7 billion yuan, and its share increased to about 88% year-on-year.

According to industry speculation, the production capacity of Apple headsets that Luxshare Precision is engaged in in Vietnam has already exceeded 10% and will gradually increase. In addition, in view of the complexity of the mobile phone industry chain, often mainland manufacturers will be responsible for the production of precision parts, and then shipped to Vietnam and other places to complete the final relatively easy assembly link, and then export overseas.

Compared with Vietnam, India is another electronics industry undertaking. Although the number of Apple suppliers is not as high as that of Vietnam, the majority of Taiwan-based assembly plants are mostly.

Representatives of ODM manufacturers who set up factories in India told reporters that in terms of labor costs, Vietnam is twice as expensive as India. The local labor wage in Vietnam is equivalent to RMB 4,000/month, and Indian workers are about 2,000 yuan/month; however, the company did not choose Vietnam. , But India, the main reason is that in addition to satisfying customers’ global delivery needs, India is also an important mobile phone consumer market, and enjoys preferential tariffs.

From a tariff point of view, India’s local production and assembly also have advantages. The aforementioned manufacturer introduced to reporters that according to past data, the tariff cost of local production in India is about 18% less than that of production in China for the same export to Europe and the United States.

“India has ample local labor, which is cheaper than Vietnam’s labor cost. It is suitable for large-scale assembly, packaging and other relatively low-tech links. Many precision parts are shipped from China to India for assembly.”

According to the IDC report, due to the impact of the new crown epidemic, the Indian smartphone market shrank by 2% in 2020, with a total sales volume of about 150 million units. Among the top five, there are four Chinese brands, namely Xiaomi, Vivo, realme and OPPO. Chinese brand Samsung Electronics ranked second.

The epidemic is also expected to affect India’s local mobile phone production this year. TrendForce further pointed out that the current top five mobile phone brands in the world, Samsung, Apple, Xiaomi, OPPO, and vivo, all have production lines in India or are produced through OEM factories. The output, and the proportion is increasing year by year, the current output Mainly to supply local demand. Based on the local production situation at this stage, it is estimated that the production of 12 million mobile phones in the second quarter to the third quarter of this year will be affected. Affected by the epidemic, India’s annual production volume may decline by 7.5%.

Ensuring the security of the supply chain has become a new consideration for migration

In addition to attracting foreign investment, India is actively promoting its own industrial substitution, using the mobile phone industry as a pilot, and it has begun to show results.

Zhang Zhiwei, chief economist of Insurance Bank Investment, emphasized that India is a country that cannot be ignored. “Although India’s current industrial chain system is not perfect, the current Moody’s government is ambitious and has stronger executive power than before. The PLI (Production Linked Incentive) project will do better.”

According to reports, in April 2020, the Indian government launched a production-linked incentive strategy to promote import substitution in the mobile phone industry. This strategy encourages localized production of mobile phone manufacturers and subsidizes 4-6% of the company’s revenue over a five-year period. At present, about 16 manufacturers have joined the funding program, including Hon Hai Foxconn and Samsung. According to statistics, after the exit of the strategy, participating manufacturers have invested 13 billion rupees and produced more than 20,000 jobs.

The Indian government is also promoting import substitution projects in more fields such as auto parts, home appliances, medicine, solar energy, and communications. Indian officials estimate that the plan will increase output by US$520 billion in the next five years.

Zhang Zhiwei said that “India does not need to be China”. From a macro perspective, India’s population base is large enough, and India will be one of the few countries that can maintain an economic growth rate of 8% in the next 20 years.

In addition to traditional geopolitical factors, under the disturbance of core shortages and epidemics, ensuring the security of the supply chain has gradually become a new driver of promoting the transfer of the electronics industry.

A few days ago, the U.S. Senate passed the “U.S. Innovation and Competition Act,” authorizing approximately US$190 billion to strengthen US technology and research, and separately approved spending of US$54 billion to increase US production and production of semiconductors, microchips, and telecommunications equipment. the study. US Secretary of Commerce Gina Raimondo has said that the funds may be used to build 7 to 10 semiconductor factories in the United States.

In addition to the United States, the European Union and South Korea have also taken measures to strengthen supply chain security, while Southeast Asia and other countries are preparing for corresponding industries. But this is not a cost-compliant plan.

According to a joint study by BCG and SIA, if a fully self-sufficient localized supply chain is established everywhere, at least US$1 trillion in R&D and capital support will be required, and the overall price of semiconductors will rise by 35%-65%, ultimately increasing consumption The cost of electronic equipment

Dong Shimin told reporters that issues such as the epidemic and the lack of cores have made countries aware of supply chain security issues. Although not building a supply chain will increase costs, it may still become a long-term trend; on the other hand, the supply chain is completely shifted from China. Southeast Asia and other places may also have some volatility adjustments due to the epidemic situation and the steady performance of the mainland’s supply chain. For example, the previous plan to transfer all out, the transfer may be reduced after this round of the epidemic.

In addition, the goal of carbon neutrality may also further trigger the trend of industry transfer to developing countries. Zhang Zhiwei pointed out that the United States and China will certainly advance the carbon neutrality target, but countries like Vietnam are objectively not willing to set too high a carbon neutrality target. In the future, the transfer of high-energy, low-end industries will be a major trend.

Regarding the concerns about the hollowing out of the domestic industry due to the transfer of industries to Southeast Asia and other places, representatives of international OEM manufacturers told reporters, “There is no need to worry about this problem.” There is a larger domestic market and a more complete supply chain, and the company is constantly strengthening. R & D strength to improve the level of automation. “After all, it is mainly low-end migration to Southeast Asia and even Brazil.”

Observation: Emerging market countries ignited the movement of new energy vehicles

Emerging market countries in Southeast Asia and other places are no longer satisfied with their role as destinations for foreign-funded industries, and have set the banner of supporting local industries and independent innovation; and new energy vehicles have almost become the same choice.

For a long time, countries such as Vietnam and India have been considered to receive dividends from Sino-US trade frictions. With cheap labor costs, foreign investment conditions, tariff differences and other conditions, they have accepted a large number of low-end mobile phone orders from international customers such as Apple and Samsung. However, after all, the economic structure that relies on foreign investment has natural drawbacks. In addition, domestic labor costs are no longer cheap, and the new crown epidemic has disrupted the pace of industrial transfer to a certain extent. Promoting domestic industrial upgrading has become an important issue considered by emerging market countries.

New energy vehicles are rare innovation carriers that can gather upstream and downstream industries extensively, and it is not difficult to understand that they have been selected as an important option for development. From the perspective of the path, emerging market countries will take advantage of domestic manufacturing, start with the introduction of foreign brands, and implement localized production. They will also join the supply chain of China’s new energy automobile industry to incubate their own car-making forces.

According to the news, Tesla has begun to recruit sales and marketing directors and human resources directors in India; this will be Tesla’s latest response to the Indian production-linked incentive plan (PLI). Under the PLI plan, the Indian government of Moody’s encourages international manufacturing giants to produce locally in India and export them all over the world. In addition, India has approved a plan worth 181 billion rupees (2.5 billion US dollars) to increase the battery storage capacity to 50GWh.

In addition, as a major automobile producer in Southeast Asia, Thailand has been actively developing new energy vehicles, aiming to become an electric vehicle manufacturing export center in Southeast Asia, and has formulated a strategic plan for the development of new energy vehicles, with the goal of basically replacing fuel vehicles with electric vehicles after 2036. .

In May of this year, Hon Hai Precision signed a memorandum of cooperation with Thai National Petroleum Corporation to establish an open platform for the electric vehicle industry in Thailand to produce electric vehicles and provide key To launch new models. Prior to 2018, BYD delivered 101 E6 new energy electric vehicles to Thailand, and local Thai companies also signed an agreement with BYD to plan to introduce another 1,000 E6 electric vehicles in the next few years.

Indonesia, on the other hand, is making use of its advantages in resource mines to develop new energy vehicles. It is understood that Indonesia has the necessary minerals for new energy vehicle batteries such as nickel ore, cobalt, and copper, and plans to become a global production center for electric vehicle power batteries. The Indonesian government aims to export 200,000 electric vehicles by 2025, or allow local brand electric vehicle exports to account for 20% of total motor vehicle exports.

In December 2020, the new energy automobile battery manufacturing giant Ningde Times has signed a contract with the Indonesian government to invest 5 billion US dollars to build a lithium battery plant. The project is scheduled to be put into operation in 2024. This will be the second time of the Ningde Times after the plant in Thuringia, Germany. Overseas factories.

Vietnam has also begun to develop new energy vehicles, and the pace is faster. In the past two years, as the government has introduced support policies for the development of electric vehicles, the sales volume of electric vehicles has increased at an annual growth rate of 500,000 to 600,000, and local enterprises have been actively cultivated.

Vinfast is an automobile subsidiary of Vingroup, Vietnam’s largest comprehensive enterprise group, and the first automobile manufacturer in Vietnam. It has become the fifth largest automobile brand in Vietnam last year and plans to go public in the United States. The latest valuation exceeds US$50 billion, which is close to Wei Come by car.

(Sales of VinFast and other auto companies in Vietnam in 2020)

In March of this year, the Taiwanese solid-state battery manufacturer Huineng Technology and VinFast recently announced that they have signed a memorandum of cooperation (MOU) to establish a joint venture company in Vietnam to increase the commercialization of local solid-state batteries; in addition, Hon Hai also reported a plan to acquire VinFast electric car production line news, and VinFast hopes to retain the electric car block business.

A-share listed companies have also begun to share in Vietnam’s electric vehicle projects. According to Feilong’s introduction to the media, the company has been appointed by VinFast for the electronic water pump and electronic three-way valve project of three pure electric vehicles. It is expected that the first vehicle will be mass-produced in October 2021; the Vinfast pure electric vehicle project and The off-road vehicle project will bring more than 100 million yuan in sales contribution to the company.

Deliveries to companies Farms are waiting for more vaccine

Status: 14.06.2021 12:44 p.m.

Company doctors have been able to vaccinate their employees for a week. But the amount of vaccine allocated is nowhere near sufficient. In the second week, fewer vaccine doses are delivered than in the first. From Jens Eberl, WDR BMW has big plans. The automobile manufacturer has set up a total of 29 vaccination lines at its locations in Germany. In Munich alone there are six vaccination lines at two locations. The company said it could do up to 2,500 vaccinations a day. This means that the entire workforce in Germany can be vaccinated within a few weeks. The problem: there isn’t enough vaccine. A little more than 5000 employees were vaccinated in the first week. The situation is similar with the consumer goods manufacturer Henkel. A vaccination center was set up in a company building in the immediate vicinity of the factory premises in Düsseldorf. Up to 1500 employees per week can be vaccinated. In the first week, however, there were only 640.

Fewer vaccine doses in the second week

“Many companies have prepared themselves really well,” says Wolfgang Panter, President of the Association of German Company and Company Doctors (VDBW). “6300 company doctors are available nationwide and have ordered vaccines.” But it is only arriving slowly. The distribution is based on the number of company doctors in the company. Last week there were 102 doses per doctor. This week it should be 84. “Originally, 804 cans per head were planned, but it was clear that this would never be the case,” said Panter. The company doctors are now relying heavily on July. Here one reckons that the vaccination turbo will be switched on. Be prepared.

FAQ 06/08/2021

High demand from the staff

At Thyssenkrupp, vaccinations are carried out every five minutes at the Essen site, on four vaccination lines, with seven doctors from 8 a.m. to 5 p.m. Should more vaccine be delivered, vaccinations can also be carried out in the evening and on weekends and a 5th vaccination line can also be used. 50,000 people work at Currenta, which manages and operates one of the largest chemical sites. They had ordered 20,000 doses here; if these had arrived, the vaccination would be finished in two to three weeks. But only 3000 came. According to the company, the vaccination lines of Deutsche Telekom have a capacity of up to 10,000 vaccinations per week. Telekom has 89,000 employees in Germany. Due to the approval of priority group 3 by the federal states, vaccinations had already been carried out in the company. The company expects up to 30,000 employees to take advantage of the opportunity to be vaccinated by company doctors. Telekom has set up 18 vaccination lines nationwide for this purpose.

06/02/2021

IT facilitates rapid processes

Many companies have also adapted their IT to vaccinate. For example, BASF has developed its own online booking system together with an IT service provider. Employees can use this to register. The navigation along the entire Impfstraße is completely digitized from check-in to check-out. The vaccination center went into operation on April 14th. Up to and including Friday, around 16,000 BASF employees had received an initial vaccination. Initially, the vaccination sequence prescribed by the state of Rhineland-Palatinate was followed and priority groups II and III were vaccinated. Since June 7, all BASF employees at the Ludwigshafen site have been able to register for a vaccination appointment. At the Vonovia real estate group, a random generator determines who receives a vaccination offer for which location based on the activity performed. First, the random number generator selects employees with direct customer contact.

Prioritization canceled in many places

In the meantime, many companies have completely removed the prioritization. The Deutsche Post says that there is no longer any personal prioritization in the sequence of vaccinations. “Through the choice of location and the allocation of appointments, we ensure that employees in the operational area have at least equal access to operational vaccination appointments,” says the company. At RWE, employees have been able to make appointments using an online tool or by telephone since last Monday. RWE does not plan to prioritize vaccinations. The President of the Association of German Company and Company Doctors has established that every company has a different approach to prioritization. From his point of view, employees who are exposed to a higher risk should still be given preference, for example field staff or fitters; People who have a lot of contacts. Of course, you can’t dictate that, says Panter.

The cause of the incident was that on June 7, Baidu’s wholly-owned subsidiary Dazi County Bairuixiang Venture Capital Management Co., Ltd. invested and established Jidu Technology Co., Ltd. with a registered capital of 2 billion yuan. The legal representative is the CEO of Jidu Automobile. Xia Yiping’s business scope includes sales of new energy vehicles, new energy vehicle production and testing equipment, and so on.

But it is worth noting that the Jidu Technology Co., Ltd., which was solely funded by Baidu, is not the previously known Jidu Automobile.

As we all know, Baidu and Geely jointly established Jidu Automobile in March this year, with Baidu and Geely holding 55% and 45% of the shares respectively.

So why does Baidu set up Jidu Technology in addition to Jidu Auto, and does Geely know about this?

At present, Baidu has responded that Jidu is a technology-based automobile startup invested and established by Baidu and Geely. Based on the current business development needs of the company, the shareholders of both parties have jointly decided to register the company in Beijing, the company’s future shareholding structure and Operation and management methods will be further communicated to the outside world after specific information is available.

In short, the state of Baidu’s sole proprietorship is only temporary, and the company’s equity ratio and operating ownership will be further adjusted in the future.

But it is intriguing that Geely has not responded to this so far.

Because of this, many people in the industry have also speculated whether Baidu might leave Geely aside and build cars on its own.

However, from the perspective of Kung Fu Motors, it is unlikely that Baidu will build a vehicle solely at this time.

For Baidu, Geely chose Geely because Geely has strong core technology and advanced manufacturing capabilities, including industry-leading car-building architectures such as CMA and SEA Haohan.

In particular, the SEA Haohan architecture released in September last year is a pure electric original architecture with user travel experience as the core. It realizes the trinity of hardware layer, system layer, and ecological layer. It has the world’s largest bandwidth and is the world’s most efficient smart electric vehicle solution. The plan is to create a highly customized and evolving zero-boundary intelligent travel experience for users. Using Geely’s established platform architecture, design and R&D, supply chain and factories, Baidu only needs to develop and redefine software on a mature platform, and use user thinking and experience thinking to easily build a different smart car.

One is a leading domestic Internet company, and the other is the largest domestic brand auto manufacturer. The cooperation between Baidu and Geely can be described as a cross-regional strong alliance of leading forces in different fields. It is precisely based on this that Baidu has no need to jump out and do it alone.

In addition, Jidu Automobile CEO Xia Yiping also publicly disclosed the new progress of car manufacturing recently. He said that Jidu Automobile will unveil a concept production car at the 2022 Beijing Auto Show. The appearance and interior design of the vehicle have been basically determined, and it is initially expected to accept reservations next year. Therefore, this is definitely not the time to leave Geely flying solo.

Kung Fu Make a Case

To be sure, Baidu currently has no plans to build cars solo. Judging from this large amount of more than 2 billion, Baidu is determined to win the first model. This new model that combines the advantages of the current two major domestic giants is also worthy of our continued attention.

UEFA sponsorship Azerbaijan relies on a new strategy

Status: 12.06.2021 12:17 p.m. Azerbaijan’s capital Baku is a venue for the European Football Championship. State-owned oil company SOCAR has been a UEFA sponsor since 2013, but recently it dropped out. It’s part of a new strategy. From Silvia Stöber, tagesschau.de Azerbaijan’s capital, Baku, shows itself from its brilliant side: three group matches and the quarter-finals of the European Football Championship will be played in the national stadium, which was opened in 2015. The state-owned energy company SOCAR signed on as a sponsor eight years ago for 90 million euros. However, its logo has recently been missing from the UEFA website. When asked by German media such as “11Freunde”, the European Football Association only confirmed the departure of SOCAR. There are several reasons to part with the oil company: The involvement in sport should distract from the human rights violations of the leadership in Baku, which has critics of the authoritarian and corrupt government persecuted and imprisoned – is one charge, another: Propaganda against the enemy neighbor during the war in autumn, with SOCAR mainly sharing tweets from the Azerbaijani leadership.

06/11/2021

New business strategy

However, according to news on Azerbaijani websites, the initiative to break up did not come from UEFA. Accordingly, SOCAR decided to end the sponsorship. At the end of May, the financial news portal fins.az quoted the deputy head of the public relations and event organization department of SOCAR, Ibrahin Ahmedov, saying that the company had changed its business strategy. For those projects that no longer fit, the expenses would be reduced. This also includes the extension of the partnership with UEFA. The press organ “iki sahil” explained that SOCAR decided in 2019 to rethink its old business strategy. With the management consultancy McKinsey, a new one has been developed for the period up to 2035, which takes into account the transformation of the global economy, the fourth industrial revolution and the energy transition.

02/09/2020

Questions about the political benefit

In fact, the question arises how profitable the costly sponsorship as well as the Hosting sports and cultural events for Azerbaijan were. The country has become better known around the world since it hosted the “Eurovision Song Contest” in 2012 and sports events such as Formula 1 in Baku every year since 2016. But sports and cultural events were always associated with reports on authoritarian governance, corruption and the human rights situation. This was ensured by national and international actors from civil society, the media and politics.

06/12/2015

In Azerbaijan, hoped for political support for the forcible recapture of areas under the control of enemy neighbors Armenia was limited to a few countries such as its close ally Turkey. Whose President Recep Tayyip Erdogan will not only use the European Football Championship to play in the group game between Turkey and Wales in Baku. He will also be in that during the war in autumn conquered city of Shusha travel.

analysis 01/10/2020

Heralded the post-oil era

Apart from that, SOCAR’s withdrawal from sponsorship shows the adaptability of the leadership around President Ilham Aliyev, who succeeded his father Gaidar in office in 2003. The often underestimated president succeeded in asserting himself against competitors and old power structures. To this end, he appointed his wife Mehriban Aliyeva as his deputy in 2017. She comes from a business family from Baku that has a corporate empire with Pasha Holding, but is considered more modern than the conventional oligarchs.

March 13, 2021

Modernization was the Aliyev’s response to severe crises that befell the country from 2014 onwards. At that time, oil prices fell massively for the first time. Azerbaijan experienced the first recession since 1995, the central bank had to devalue the national currency sharply. Despite the repression, the population’s displeasure over falling incomes was expressed in protests. In previous years, experts had warned of the dry up of energy sources on land. Extracting oil and gas from the Caspian Sea is more complex and expensive. At the World Economic Forum in Davos in 2018, Aliyev said: “When we saw a significant drop in oil prices, I said the post-oil era had already begun for us in Azerbaijan. We should forget about oil and gas.” He made the diversification of the economy the main objective. The main sources of income should be innovative technologies, entrepreneurship and agriculture.

Digital and green technologies

In fact, Aliyev filled senior posts with young technocrats. you de-bureaucratised and digitized the administration – to the delight of the citizens, who can now receive services from the state without bribery. Foreign companies should be able to invest more easily in special economic zones.

04/11/2018

Aliyev drew up ambitious plans for the areas recaptured during the war with the use and development of digital and green technologies. The British company Chapman Taylor received the contract for the town planning from Schuscha, who had previously carried out construction projects for Pasha Holding. Turkish companies, some with ties to Erdogan, take on infrastructure and mining projects.

Elite corruption remains

Experts and journalists point out that these contracts were awarded without tenders and transparency. This gives rise to the assumption that the fight against corruption is intended to spare the elite sector who want to develop sources of income apart from oil and gas with new branches of the economy. The fact that Azerbaijan is undergoing modernization, but not democratization, is also supported by the result of the parliamentary elections in 2020. To the disappointment of many of the younger generation, mostly old cadre members remained. Many new candidates from the ruling party were also not considered. The leadership used the strict restrictions at times during the corona pandemic to crack down on government critics. It remains to be seen whether the Azerbaijani leadership will withdraw from sponsorship entirely and whether other states with a similar background will also reconsider their commitment. For associations like UEFA, the question would then arise of how expensive events can be financed in the future.

02/11/2020

In the early morning of June 15th, Beijing time, LinkDoc Technology Limited, a Chinese medical big data company, submitted its first F-1 prospectus to the U.S. Securities and Exchange Commission (SEC). The company plans to be listed on the Nasdaq Global Select Market. Listed under the trading code “LDOC” and raised US$100 million. The underwriters of ZeroKr Technology’s IPO are Morgan Stanley, Bank of America Securities and CICC. Since it is the first F-1 prospectus, LingKr Technology has not yet disclosed the number of American Depositary Shares (ADS) to be issued and the expected issuance price range.

The prospectus shows that Zerokrypton Technology intends to use IPO funds raised: about 45% will be used to strengthen R&D capabilities and technical infrastructure, and to attract more oncologists, data scientists and other experienced professionals to join; about 15% will be used for expansion The company’s patient care center network and services, and other capital expenditures; about 25% of the funds will be used for potential strategic investments and acquisitions; about 15% will be used for general corporate purposes.

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Obtained strategic investment from Alibaba Health

According to the prospectus, Zerokrypton Technology was established in 2014, headquartered in Beijing, China, and its corporate address is No. 8 Haidian Street, Haidian District, Beijing. The company is a tumor big data solution provider. In March this year, it received a strategic investment from Ali Health. Other investors include China Investment Corporation and CICC Capital.

The prospectus quoted Frost&Sullivan’s data as saying that in terms of cultivating high-quality medical data assets, ZeroKrypton Technology is a leading data-driven and artificial intelligence medical technology company. The company has established China’s largest data-driven digital infrastructure for precision medicine. These include LinkCare, a digital continuous care platform for critically ill patients, LinkData, a longitudinal medical data management system that supports artificial intelligence, and LinkSolutions, a data-driven precision life science solution platform that helps life science companies accelerate clinical research and real evidence adoption.

According to the prospectus, in terms of the nursing platform LinkCare, Lingkrypton Technology generates revenue by selling innovative drugs, auxiliary drugs and nutritional drugs, as well as providing patients with infusion or injection services and other auxiliary businesses; LinkData is the core technology of Lingkrypton Technology. Platforms and R&D engines, not profit channels; LinkSolutions is a platform driven by real-world data, providing accurate life science solutions for life science companies in their clinical and commercialization stages. In the first quarter of 2021, the number of life science company customers of ZeroKr Technology was 169. As of March 31, 2021, LinkSolutions Service of LinkSolutions has supported more than 310 major researchers, covering approximately of the total number of new oncology indications approved for clinical trials in China from 2017 to March 31, 2021. 57%. Specifically, Zerokrypton Technology realizes the monetization of LinkSolutions by charging service fees for comprehensive clinical research services.

The prospectus shows that the vast majority of Zerokrypton Technology’s revenue comes from the sales of medicines and health products. The sales revenue of medicines and health products accounted for 75% and 85.5% of the company’s total revenue in 2019 and 2020, respectively, and accounted for 80.2% of the total revenue in the first quarter of 2021.

The prospectus shows that since April 2015, LingKr Technology has provided care for more than 3.5 million patients and provided longitudinal care for more than 2.5 million patients. According to Frost & Sullivan, Zero Krypton Technology has become China’s largest patient-centered continuous tumor care platform. As of March 31, 2021, ZeroKr Technology has established 34 patient care centers nationwide, covering 28 provinces across the country.

The prospectus shows that in 2019 and 2020, Zerokrypton Technology’s revenue will be 499 million yuan and 942 million yuan, net losses will be 434 million yuan and 489 million yuan, and basic and diluted losses per share will be 5.32 yuan and 6.59 yuan respectively. In the first quarter of 2021, the company’s revenue increased by 41% year-on-year to 223 million yuan, a net loss of 138 million yuan, and a basic and diluted loss per share of 1.76 yuan.

Completed six rounds of financing since its establishment

Zerokrypton Technology stated in its prospectus that, based on 2019 data, China is the world’s second largest medical market, with national medical expenditures of US$944 billion, an increase of 9.7% over 2015. With the improvement of people’s health awareness and personal disposable income, China’s total healthcare expenditure is expected to increase to US$2.529 billion at a compound annual growth rate of 9.4% in 2030. The total scale of China’s medical big data solutions market is rapidly growing at a compound annual growth rate of 43.9% from US$1 billion in 2015 to US$4.1 billion in 2019. It is expected to reach US$215.4 billion in 2030. The compound annual growth rate is 43.3%.

The prospectus also stated that among all the treatment fields in China, oncology has the highest growth rate in medical expenditures, mainly because China has the largest number of cancer patients in the world. The scale of China’s oncology big data market has grown from US$500 million in 2015 to US$2.1 billion, with a compound annual growth rate of 46.1%. It is expected to grow to US$119.6 billion by 2030. The compound annual growth rate from 2019 to 2030 is 44.4%.

The prospectus shows that as of March 31, 2021, ZeroKr Technology has 1,250 full-time employees, of which 199 are responsible for technology and R&D, 573 are responsible for operation and quality assurance, 352 are responsible for sales and marketing, and 126 are responsible for general administrative work. .

According to the prospectus, before the IPO, Zhang Tianze, CEO and director of LingKr Technology, held 61.3 million shares of the company, accounting for 19.7%; LingKr Technology co-founder, COO and CTO Luo Ligang held 9 million shares, accounting for 2.9%; Technology co-founder and executive vice president Li Liping holds 11 million shares, accounting for 3.5%.

According to the information of Qixinbao, since its establishment, Lingkrypton Technology has completed a total of six rounds of financing. After obtaining 1 billion yuan in Series D financing from China Investment Corporation on July 4, 2018, it received CICC Capital and Excellent on September 7, 2020. Hill Capital and Broadband Capital CBC 700 million US dollars in financing. On March 4 this year, Zerokrypton Technology also received a strategic investment from Alibaba Health, but the amount of financing was not disclosed.

The “Daily Business News” reporter noted that Qixinbao’s risk information on ZeroKr Technology showed that the company had been accused of labor disputes and infringement of the right to disseminate information on the Internet on May 15, 2019 and November 23, 2020, respectively. Prosecute. Secondly, on September 1 and December 1, 2020, there were two civil case judgment documents against the intellectual property rights infringement disputes of Zerokrypton Technology. The documents show that in the two dispute cases, Zerokrypton Technology is both defendant. In addition, Zhang Tianze, Li Liping and Luo Ligang all have a small amount of shares currently in a state of pledge.

Daily economic news

01 Cleaner’s unrelenting words: read more articles to be the general manager Today’s Huawei is led by generals Xu Zhijun, Hu Hou, and Guo Ping, and Ren Zhengfei has already enjoyed his leisure time. Ren Zhengfei claims to be a “puppet” or “mud bodhisattva”, but for nearly 200,000 Huawei people, Ren Zhengfei has always been a “spiritual leader” and a powerful “cultural teacher” . Whenever Ren Zhengfei’s article or internal speech is published, it will always arouse a lot of reviews inside and outside Huawei. Xiaomi Lei Jun once said that he has always been a fan of Ren Zhengfei and will recite many of Ren Zhengfei’s classic speech quotations. Inside Huawei, Ren Zhengfei’s articles and speeches lead the spirit and culture of Huawei people, and there is also a classic legend. . Everyone knows that Huawei has a lot of talents, and some people say, When interviewing at Huawei, don’t ask about academic qualifications, because even a janitor or sweeper may have graduated with a bachelor’s or master’s degree. . There is really a cleaner who published an article in Huawei’s internal journal. In the article, there is a rhetoric, which is classic and vivid. That person Huawei The cleaner said: “At Huawei, after sweeping the floor, you can read the management articles on the wall and go out to apply for the general manager of a small company.” Of course, most of the articles here refer to Ren Zhengfei’s articles. . This unruly remark seems to be ranting, but in Wu Chunbo, Senior Management Consultant, Huawei In the eyes of the professor, he believed that the cleaner’s words were actually not without confidence. According to Professor Wu’s account, the experience of cleaners in Huawei’s internal journals is indeed true in reality. There is a boss in Beijing who graduated from junior high school and started from scratch. From helping others to cook to becoming the boss of a group company, he has always relied on learning from Huawei. Ren Zhengfei has learned all the articles. . Although he only graduated from junior high school, he didn’t even know some words and couldn’t understand some words, but he asked his secretary to record Ren Zhengfei’s articles on his mobile phone and listen to them whenever he had time. I have to say that the growth of this little boss and the motivation and guidance role of Ren Zhengfei’s articles are due to certain factors. 02 Wu Chunbo: Ren Zhengfei is like a “big sponge” Huawei has experienced more than 30 years of suffering, and the technical route chosen by Huawei and Ren Zhengfei has also become a model and benchmark for the domestic business community. Being suppressed because of being strong, being suppressed but not falling, this is Huawei. Many people say that in the domestic business community, there are only three people who can be called entrepreneurs, Ren Zhengfei, Cao Dewang and Dong Mingzhu. Scholars such as Zhang Wuchang, Jin Yinan and Wang Yukun even call Ren Zhengfei the “God of Management” in China. Therefore, learning from Ren Zhengfei has become an inevitable phenomenon inside and outside Huawei. But in fact, Like the little boss who helped people cook, Ren Zhengfei also grew up from a little boss of a second-door dealer, learning constantly, and growing into a business leader. . However, Ren Zhengfei’s learning ability is almost unmatched. Wu Chunwei’s learning ability, Rong Ren Zhengfei, said, “Like a big sponge”, and his absorption capacity is incredibly powerful. . Ren Zhengfei said that Huawei has no success, only growth; Huawei that has grown all the way is also a Huawei that has learned all the way. Whom does Ren Zhengfei learn from? Learn from America, England, Japan, Germany, Puritanism, West Point Military Academy, IBM, Microsoft, Apple, Amazon, Toyota, Sony, Haidilao, SF Express, Learn from the PLA, learn from the Communist Party, learn from Li Xiaowen, learn from Hengshui Middle School, learn from zoology, learn from botany… Ren Zhengfei led Huawei to learn from everything that can be learned, regardless of where it came from. As long as it is good for oneself, and as long as others do better than yourself, it should be rigid, optimized, and then solidified. 03 Haidilao has a Huawei LOGO fruit plate Huawei management consultant Tian Tao recalled, Once on a plane with Ren Zhengfei, a book of four to five hundred pages, Ren Zhengfei read it by the time he got off the plane, and “Old Ren tears off a page after reading it.” When Tian Tao talked about the book with him, he found that Ren Zhengfei had remembered all the important contents and opinions in the book. Ren Zhengfei has a famous theory of “a cup of coffee absorbs the power of the universe”, which is about learning ability. Tian Tao said that the learning power that Ren Zhengfei has brought to Huawei and its people is too powerful. . For example, to learn from the company, Ren Zhengfei also specially issued an EMT resolution, advising all employees to use SF Express once, eat Haidilao once, and feel their service. Huawei Shanghai R&D staff went to Haidilao for a departmental dinner, and returned to the private room after paying the bill. It was discovered that Haidilao had served them a special fruit plate. In addition to fruits, there was also a Huawei logo composed of 8 watermelon peels. Huawei employees were shocked: Do you need talents to make this fruit plate? Do you need technology? Need resources? Do I need IQ? Since then, Haidilao’s case of a Huawei LOGO fruit tray was once widely publicized within Huawei. “ If Huawei wants to keep pace with this rapidly changing era, it must persist in self-criticism, open its mind, and continuously learn from outstanding companies. . “Ren Zhengfei said in the EMT resolution to learn from Haidilao. In this way, Ren Zhengfei went from being a “local citizen” who didn’t understand technology, market, and management, from a small business owner to becoming an entrepreneur, and then becoming the leader of a global technology giant. It has to be said that Ren Zhengfei is Huawei. The person who learns best is also the person who makes the fastest progress. And Huawei, from the original 6-person self-employed, from small to large, from weak to strong, has grown into today’s global leader in 5G technology and a leader in the communications industry. He has become a Chinese high-tech representative who can compete with the world’s top technology giants such as Samsung, Apple, Cisco, and Qualcomm. Huawei Six Gentlemen 04 Ren Zhengfei: I suggest reading more of my articles The ever-growing Huawei provides a platform for everyone at Huawei to grow. On this platform, they can not only create and share value together, but more importantly, they can share knowledge together. Wang Yukun, who has followed up on Huawei and Ren Zhengfei for more than 20 years, believes that since Huawei has requested Peng Jianfeng, Wu Chunbo, Tian Tao and other “Six Gentlemen of the People’s Congress” helped draft the “Huawei Basic Law” After the introduction of IBM’s system and process construction, Huawei established a set of standards and processes in the system, gradually forming Huawei’s unique collective wisdom decision-making mechanism, and then when the rotating CEO system was established, Ren Zhengfei has officially become Huawei’s “idle person”, without signing or caring about specific affairs, he has become Huawei’s “cultural and thought teacher” “. However, the articles and speech mails of “Cultural and Ideological Teachers” are the essence of Huawei’s culture and thinking. For example, Ren Zhengfei’s famous “A River of Spring Water Flows East”, Former Huawei chairman Sun Yafang once wrote that Ren Zhengfei’s article “is a true epitome of Huawei’s growth and his expectations for the rotating CEO. . He plainly told the succession team of the “Tao” he had learned throughout his life, and hoped that the succession team would truly understand this “Tao”. ” Ren Zhengfei’s articles and e-mail speeches during the critical period of Huawei are not only a manifestation of Ren Zhengfei’s leadership of Huawei’s strategic thinking, but also passed through rounds of internal discussions or revisions within the company. Are all tempered “. Within Huawei, Ren Zhengfei also pointed out in many speeches: “ I suggest you read more company documents and read more of my articles.Read it once a week, you will definitely improve faster than others”, “If you understand, don’t you have a little strategic insight “… Ren Zhengfei and Huawei’s management articles can gain insight into strategies after reading them. Such articles, It’s no wonder that Huawei’s cleaners can speak up. Read more articles on the wall and you can go out to be the general manager of a small company. . “Huawei has no secrets. Anyone can learn or know how to learn.” This is Ren Zhengfei’s attitude towards learners and imitators. Of course, for many outside Huawei learners, it is not easy to really learn Huawei and the essence of Ren Zhengfei’s thoughts. but Huawei has no secrets, why can’t many domestic companies learn it? This is a question worth pondering. 05 Understand Ren Zhengfei and Huawei To understand and learn from Ren Zhengfei and Huawei, it is necessary to understand the sufferings of Ren Zhengfei and Huawei. “Without setbacks, you don’t know how to take the right path”, “The bird that can’t die is a phoenix” The sufferings of Ren Zhengfei and Huawei also made Huawei and Ren Zhengfei. From grassroots private enterprises with the “three noes” to technology giants, to being undefeated in the face of strong pressure, Huawei has become the benchmark and banner of the domestic business community. “I hope more Huawei or Ren Zhengfei” will become a country. People’s general expectation. Mr. Wang Yukun, a well-known financial writer who has followed up on Huawei for more than 20 years, passed Interviews with Huawei people, as well as in-depth communication with Ren Zhengfei over the years, refer to the millions of words in Huawei’s internal speeches and president’s emails In order to fully and comprehensively analyze how Ren Zhengfei led Huawei to invincibility, Wang Yukun wrote his profound understanding of Huawei and Ren Zhengfei’s management philosophy into a “Suffering Hero Ren Zhengfei”. “The Suffering Hero Ren Zhengfei” is different from most biographies about Ren Zhengfei. From the sufferings of heroes, the life with gray scale, the way of living in complex environments, the reference of world powers, the development of heroes, team building and innovation strategies In-depth analysis has been done in other dimensions, presenting Ren Zhengfei’s unique corporate management philosophy and philosophy. This is a book about men, fathers, and companies. It tells the sufferings of Ren Zhengfei’s growing up experience and the influence of his parents on him. It analyzes the ups and downs he has gone from leaving a state-owned enterprise to starting a business to today, and what he has experienced. Sadness, hardship, tribulation, despair, persistence, etc. “Ren Zhengfei, Hero of Suffering” uses two parallel clues: Ren Zhengfei and Huawei, A complete and panoramic analysis of Huawei and Ren Zhengfei, presents to readers a history of Huawei’s thoughts that has undergone 30 years of changes, and allows readers to understand the reasons why Huawei’s employees are unified, cohesive, and step by step to the world. As Ren Zhengfei said: “If you don’t go through setbacks, you don’t know how to move on the right path.” “The Suffering Hero Ren Zhengfei” hopes that entrepreneurs in trouble can feel the breakthrough of business leaders and the power of role models, and follow Ren Zhengfei to see more clearly, farther and higher .

After a hacker attack Meat producer JBS pays ransom

Status: 10.06.2021 7:13 a.m.

The world’s largest meat company JBS has apparently paid a ransom of $ 11 million after a cyber attack by hackers. It was another incident in a series of corporate blackmail cases in the United States. The US subsidiary of the Brazilian meat processor JBS paid the equivalent of eleven million dollars in ransom after a hacker attack. The payment was made to prevent further disruption by the hackers and to restore the smooth operation of the affected locations, said the Dallas-based company. According to the US media, the payment was made in Bitcoin. According to the US government, the company had received a ransom note from a criminal organization likely based in Russia. The attack paralyzed JBS production in Australia and affected Canada and the United States.

“A difficult decision”

“This was a very difficult decision for our company and for me personally,” explained Managing Director Andre Nogueira. “However, we felt that this decision had to be made in order to avoid any potential risk to our customers.” The investigations are still ongoing, but preliminary results have suggested “that no company, customer or employee data has been compromised.”

US investigators suspect Russia is behind it

US President Joe Biden said last week that investigators had linked Russia to the JBS case. “JBS USA was in constant contact with government officials throughout the incident,” the company said. In the USA, the state and business are currently fighting a series of attacks with blackmail software known as “ransomware”. The data of the attacked systems are encrypted. The hackers demand cash payments in cryptocurrency so that they can unlock access again and not publish the data.

Ransom payment in Bitcoin

The US utility company was also last month Colonial pipeline The victim of a hacker attack with a blackmail Trojan that temporarily shut down the entire pipeline network. The US Federal Police FBI blames a hacker group called “Darkside” for the attack and later tracked down the ransom of 75 Bitcoin that Colonial had paid – at the time it was worth $ 4.4 million.

The equity that was purchased at the time of 3.4 billion yuan has now been transferred at a price of 900 million yuan. “Thor” Tianshen Entertainment (002354.SZ) has once again sparked controversy.

On the evening of June 14th, Tianshen Entertainment announced that in order to optimize the company’s asset structure and business layout, reduce the company’s operational risks, and improve the company’s future profitability, the company plans to transfer its holdings of Beijing Fantasy Joy Tour at a total consideration of approximately 903 million yuan. Network Technology Co., Ltd. (hereinafter referred to as “Fantasy Yueyou”) 93.5417% equity.

The 93.5417% equity of Fantasy Yueyou was acquired by Tianshen Entertainment in 2016. At that time, it cost about 3.417 billion yuan, which also means that the transfer of the underlying assets was a 2.643% discount.

As soon as the news came out, the netizens of the stock bar had a lot of discussions. Some netizens said that “it was bought for 3.4 billion a few years ago, and now 900 million is sold.” Some netizens said, “The subsidiary has sold 900 million, and the company should have the money to repay its debt.” The latest data shows that as of March 31, the number of A-share shareholders of Tianshen Entertainment was 26,700.

On the 15th, Tianshen Entertainment’s share price rose once, but then turned and fell. As of the close, it fell 1.84% to 3.74 yuan per share.The stock price fell more than 85% from the highest point of 25.85 yuan in 2017, and the current total market is about 6.2 billion yuan.

A company bought for 3.4 billion yuan

Now sold for 900 million yuan

In 2016, Tianshen Entertainment disclosed that it intends to acquire 93.5417% of the equity of Fantasy Yueyou and 96.36% of Herun Media through the issuance of shares and payment of cash. The transaction price of 93.5417% of the equity of Fantasy Yueyou is 3.417 billion yuan and Herun Media is 96.36 yuan. The transaction price of% equity is 742 million yuan.

It is understood that Fantasy Joy Tour is a company whose main business is the overseas distribution of online games and mobile precision advertising. Since its establishment, Fantasy Travel has focused on markets in the Middle East, South America, and Europe. It has achieved remarkable results in the field of overseas game publishing with differentiation as a path. As of June 30, 2016, Fantasy Travel has represented a total of 45 web games. And mobile online games.

For the purpose of the above acquisition, Tianshen Entertainment has also stated that after the completion of this acquisition, the company’s business map will be more complete, and there will be sufficient synergy and support between the business segments. The two major targets of this acquisition can be used simultaneously. The three major sections of listed companies’ online games, advertising media and film and television content will simultaneously carry out multiple reinforcements to create a pan-entertainment industry aggregation platform of “film and television + games + advertising”.

However, things went counterproductive. After the completion of the merger, Fantasy Yueyou repeatedly failed to fulfill its performance promises. Take 2018 as an example.Fantasy Joy Tour achieved net profit of 141 million yuan after deduction of non-profits in 2018, and the difference from the performance promise was 265 million yuan, and the completion rate was 34.7%.

According to Tianshen Entertainment, as a pure overseas game publisher, Fantastical Yueyou has continued to increase in game acquisition costs and promotion expenses in recent years, and its profit margin has been severely squeezed, and its operating performance has continued to decline. It will be even more severe in 2019 and 2020. With continuous losses, it is expected that there will be greater uncertainty in future performance. After this transaction, the company no longer holds the equity of Fantasy Yueyou, and Fantasy Yueyou is no longer included in the scope of the company’s consolidated statements.This transaction is expected to generate revenue of approximately 130 million yuan.

Tianshen Entertainment’s announcement shows that the takeover party this time is Hainan Feichi Trinidad Technology Partnership (Limited Partnership) and Creation Network Limited (HK). Both counterparties were established for less than one year, and their actual controllers are all natural person Li Jiaxuan.

“Thor” came back to life

In February 2010, Tianshen Entertainment was listed on the Shenzhen Stock Exchange. After a major asset reorganization, its main business was changed to e-sports games in 2014. Data traffic is another main business.

What is still fresh in the public’s memory is that in 2015, Zhu Ye, the founder and major shareholder of Tianshen Entertainment, spent US$2.34 million (approximately 15 million yuan) for dinner with Buffett.

As the business continues to expand, Tianshen Entertainment’s revenue also continues to expand.

From 2015 to 2017, Tianshen Entertainment’s operating income reached 941 million, 1.675 billion, and 3.101 billion yuan, respectively, and net profits attributable to the parent reached 362 million, 547 million, and 1.02 billion yuan, respectively.

In 2018, Tianshen Entertainment initiated more than 10 mergers and acquisitions, with a purchase amount of nearly 10 billion yuan. However, the return of expansion has not yet appeared, and Tianshen Entertainment has ushered in a loss of nearly 8.3 billion for two consecutive years.

From 2018 to 2019, Tianshen Entertainment’s revenue was 2.599 billion yuan and 1.335 billion yuan; the net profit attributable to shareholders of listed companies was -7151 billion yuan and 1.198 billion yuan. Tianshen Entertainment was once called “Thunder God” by shareholders.

Regarding the loss, Tianshen Entertainment explained that due to the excessive expansion of the previous period, the resulting debt scale has increased sharply. In 2018, affected by regulatory policy adjustments such as the freezing of the game industry’s version number, total volume control, etc., as well as the regulation of taxation in the film and television industry, restrictions on specific themes, and governance of artist salaries, the company’s operating performance fell sharply, causing a chain reaction and falling into serious debt Crisis and business crisis.

In August 2019, Tianshen Entertainment received an investigation by the China Securities Regulatory Commission, and together with Zhu Ye received a warning letter from the Dalian Securities Regulatory Bureau. The warning letter revealed the problems of Tianshen Entertainment and Zhu Ye in terms of capital occupation, related transactions, and letter disclosure.

In August of the same year, Tianshen Entertainment began to save the crisis. From the previous announcements issued by Tianshen Entertainment, it can be seen that the change first occurred internally. Chairman Yang Kai resigned and introduced a new management.

Then comes debt restructuring. April 2020*ST Tianyu submitted a reorganization application, and on December 9th of the same year, the reorganization was completed.

On the evening of May 21, 2021, Tianshen Entertainment announced that the stocks will withdraw the delisting risk warning from May 25, 2021 (Tuesday), and the stock abbreviation will be changed from “*ST Tianyu” to “Tianshen Entertainment”; the stock code is not Change, still “002354”.

The announcement also showed that in 2020, Dahua Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. After auditing,The company’s operating income in 2020 is 996 million yuan, and the net profit attributable to shareholders of listed companies is 153 million yuan.The net assets attributable to shareholders of listed companies are 2.78 billion yuan.

(The content of this article is for reference only, not as an investment basis. Investors operate accordingly at their own risk.)

Edit| He Xiaotao Du Hengfeng Hu Ling Wang Jiaqi

Proofreading| Lu Xiangyong

The cover picture is self-photographed, and the picture and text are irrelevant

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Opec Plastics Joint Stock Company, also known in English as Opec Plastics, is headquartered at 13th Floor, BIDV Tower, 194 Tran Quang Khai, Hanoi. The history of the enterprise stretches with important milestones since 2002 as follows: 2002 year Asia Plastic Factory was established and built in Nhu Quynh industrial cluster, Hung Yen province. 2004 Established subsidiaries, namely Dong A AID and Nam A AID, specializing in supplying raw materials for production and distributing products for Asia Plastics Factory. 2006 – 2008 Won Gold Cup for Vietnamese Products, Gold Cup for Environmental Protection, WTO-compliant Products on Intellectual Property, Competitive Trademark. 2009 Established Opec Plastic Joint Stock Company (Opec Plastics., JSC), acquired Asia Plastic Factory. Year 2010 – 2011 The company invests methodically with large capital, senior personnel from abroad, business strategy highly focuses on the value chain and supply chain of the plastic – chemical industry. Year 2012 Put the new factory into operation, in Pho Noi A Industrial Park, Hung Yen province, specializing in the production of export PE packaging. The company became a strategic partner of Dung Quat Oil Refinery, distributing most of PP plastic products for the Plant. 2013 With its position as one of the leading plastic enterprises in Vietnam, with professional management, Opec Plastic continues to expand production and business, create more jobs for workers, and ensure the living standards of the people. employees. Year 2014 to present As the Top Plastic Enterprise in Southeast Asia, the largest plastic resin distributor in Vietnam and Southeast Asia, Opec Plastics always strives to connect and support Plastic enterprises in Vietnam and in the world. world in order to create added value for the parties through win-win and sustainable cooperation. In addition, Opec Plastics is also known as one of the leading manufacturers of biodegradable packaging in the country. Opec Plastic Joint Stock Company is growing and expanding In addition to the head office in Hanoi, Opec Plastic Joint Stock Company also has representative offices and many logistics centers in 3 North – Central – South regions, and representative offices in the United States, Singapore, Indonesia, the Philippines, and China. Quoc, Dubai … have factories producing plastic packaging for export with a total area of ​​​​nearly 10 hectares in Pho Noi A Industrial Park, Hung Yen and at Km 56, Highway 5, City. Hai Duong. These achievements have helped Opec Plastics rank 40th in the Top 100 Largest Private Enterprises in Vietnam and 91st in the Top 500 Largest Enterprises in Vietnam in 2020. As can be seen, the business has completely confirmed it. Top position in Vietnam plastic industry in both depth and breadth. Branch system and factories of Opec Plastic JSC HANOI OFFICE at 13th floor, BIDV Tower, 194 Tran Quang Khai – Ly Thai To Ward, Hoan Kiem District, Hanoi. HO CHI MINH CITY BRANCH at Lot L12A-16, Floor 12A, Vincom Center Dong Khoi Building, 72 Le Thanh Ton, Ben Nghe Ward, District 1, HCMC. CENTRAL BRANCH at Building C1-13, Van Tuong Binh Son Urban Area, Quang Ngai. HAI PHONG BRANCH at Room 703, 7th Floor, LP Builing, No. 508 Le Thanh Tong Street, Van My District, Ngo Quyen District, Hai Phong City, Vietnam. FACTORY 1 at Lot 16, Street 206, Zone A, Pho Noi A Industrial Park, Dinh Du Commune, Van Lam District, Hung Yen Province. FACTORY 2 at Km 56, National Highway 5, Nam Dong, Hai Duong City, Hai Duong Province. How does Opec Plastic Joint Stock Company do business?Continuously increasing capital Formerly known as Asia Plastic Factory, established in September 2009, Opec Plastic Joint Stock Company, formerly known as Asia Plastic Factory, operates mainly in the field of manufacturing foam bags, plastic packaging, etc. plastic beads… with initial charter capital of 55 billion dong. This number is contributed by 3 founding shareholders, including Chairman of the Board of Directors and General Director Dinh Duc Thang (VND 30.25 billion); Mr. Nguyen Minh Tu (19.25 billion VND); Mr. Nguyen Duc Ha (5.5 billion VND). Up to now, through many capital increases, the charter capital of Opec Plastics has increased to VND 550 billion, 10 times higher than before. Total assets by the end of 2019 of Opec Plastics reached VND 7,210 billion, nearly double that of the end of 2016. Equity even reached VND 675 billion at the end of 2019, an increase of more than 8 times in the period. this time. With the ratio of liabilities to total assets regularly maintaining over 90%, most of Opec Plastic’s assets are still financed from debt capital, although this debt ratio is showing signs of decreasing. The business results of Opec Plastics are also significantly affected by the use of high leverage. Revenue far exceeds many “big guys” in the plastic industry Opec Plastic’s revenue grew strongly in the period of 2016-2019 during the expansion process, sometimes reaching double the figure of Tien Phong Plastic (code NTP) and Binh Minh Plastic (code BMP) combined and high much higher than the target of An Phat Xanh Plastic (code AAA), these are all “big guys” in the same listed plastic industry. Specifically, in 2019, Opec Plastics grew 11.5% compared to 2018 when it recorded VND 16,162 billion in revenue. The record revenue that An Phat Xanh Plastic, another big player in the industry, achieved in 2019 is 9,258 billion VND, which is only about 57%. Profits eroded by leverage In 2019, net profit decreased by 64% compared to the previous year when this business only earned 37 billion dong in net profit. With 1,000 dong of revenue, it brought in just over 2 dong of profit, equivalent to a net profit margin of only 0.22%. Profit margins of Opec Plastics are only low because profits cannot keep up with capital raising process. In 2019, the return on equity (ROE) was only approximately 5.5%, and the return on assets (ROA) was only 0.5%.

Corona protection in companies Are employers allowed to force vaccination?

Status: 08.06.2021 7:13 p.m.

Since the beginning of the week, company doctors have also been able to vaccinate against Covid-19. But what about legally? Can companies require their staff to be vaccinated? And are they allowed to grant privileges to those who have been vaccinated? From Jens Eberl, WDR The companies have a great interest in preventing infections with the coronavirus and sick leave. This is why many employers want their employees to be vaccinated. With the start of vaccinations by the company doctors, various legal issues between employers and employees come to the fore. An overview.

Can the employer oblige his staff to vaccinate?

Employees only need to be vaccinated if there is a legal obligation to do so. There is no statutory vaccination requirement with Covid-19. “However, special features apply in facilities such as hospitals, prevention or rehabilitation facilities and medical practices,” says the Brühl-based specialist lawyer for labor law, Michael Felser. “They must ensure that all measures required by the state of the art of medical science are taken there to prevent infections and the spread of pathogens. Curiously, however, this does not apply in care facilities for the elderly, although the problem here is likely to be comparable”, so Felser. In the health care facilities mentioned, the employer cannot force employees to vaccinate either. However, he must ensure that non-vaccinated people pose no risk to patients. Patient protection can therefore make it necessary that non-vaccinated people can no longer work in certain areas.

Do employees have to inform the employer about their vaccination status?

Actually, there is no obligation to provide information about the personal vaccination status to the employer. However, the Gelsenkirchen labor lawyer Arndt Kempgens emphasizes that companies have to take corona protective measures for their employees. But they could only do that if the corona vaccination status was known. Kempgens concludes from this that in connection with Corona, under labor law – as an exception – there could be an obligation on the part of employees to notify the vaccination status and, under certain circumstances, to prove it.

Are vaccination incentives such as bonus payments from the employer permitted?

Employers could pay a “vaccination bonus”, for example through a one-off sum of money, vouchers or extra vacation days. Lawyer Felser says: “This is not entirely uncritical, because rewards can exert undue pressure not to exercise one’s rights. For example, courts have only declared rewards for employees who rarely get sick to be admissible under strict conditions.” The trade unions consider incentives for those willing to vaccinate to be permissible. However, they have a say in any case, as such a bonus is subject to co-determination. Kempgens emphasizes, however, that it must be fair: “There must not only be a bonus for those who don’t like vaccinations as an incentive to vaccinate, but if so, then for everyone.”

Can the employer exert “vaccination pressure”? Can the staff defend themselves against this?

If there is no statutory vaccination requirement, the employer cannot exert any pressure, neither with instructions nor with threats such as transfer or even warnings and dismissal. Such measures would be illegal. However, attorney Kempgens reports: “We are currently hearing more and more of such cases in legal practice. Pressure is exerted to convince those unwilling to vaccinate.” In extreme cases, employees can even defend themselves against this with an action for an injunction before the labor courts.

Are professional disadvantages possible if you don’t get vaccinated?

If there is no compulsory vaccination, the employer cannot differentiate according to whether someone is vaccinated or not or whether they have not wanted to be vaccinated in the past, as long as there was no obligation to do so. In medical institutions, however, the employer can reject applicants if they are not vaccinated and do not want to be vaccinated. Lawyer Kempgens, however, restricts: “Unvaccinated employees require other protective measures in the company and also lead to disagreements among the employees. For this reason, non-vaccinated employees will certainly not be preferred in the company in the near future.”

Are employers allowed to distinguish between vaccinated and non-vaccinated people?

“In my opinion, they even have to,” says Kempgens. “As with official measures, labor law restrictions are more difficult to justify for vaccinated people, while labor law protective measures have to be stronger for non-vaccinated people.” Felser believes privileges are conceivable, such as the earlier return of vaccinated employees from the home office to the office or the use of communal facilities such as the canteen. However, the incentive or pressure from such preferences should not be disproportionate.

Photo: Reuters Specifically, when asked about the possibility of Amazon and Facebook being affected by the new proposal, Ms. Yellen said: “It will include companies with large profits and those companies mentioned above, I believe, will be in the bottom line. among affected companies by almost any definition.” Photo: Reuters A joint agreement by the G7 finance ministers recently said it would solve the tax avoidance problem of “the largest and most profitable multinational enterprises”. Reuters says Amazon has a lower profit margin than most other tech giants, and European countries are concerned that Amazon could avoid additional taxes with the US’s initial proposals to the G7. Photo: Forbes For its part, Facebook is open to the changes the G7 team is discussing. The largest social network on the planet also accepts the fact that it may pay more taxes in many countries, Nick Clegg, Facebook’s global affairs director, told Reuters . Photo: Variety “Facebook has long called for a global tax overhaul and welcomes the significant changes introduced by the G7,” Clegg said on Twitter. “Today’s agreement is an important first step toward certainty for business and improving public confidence in the world tax system.”

Sergeant Bui Van Tuan released the powder and prepared to paint a new flower pot. Ready to build rockeries and pots, Tuan boldly asked the commander to show his talent to contribute to beautify the unit. So every break and day off, Tuan and some teammates create pots of various sizes. At home, making pots with frames and molds should be done very quickly, but at the unit, to save costs, Tuan fills them completely by hand. With ingenuity, meticulous implementation of stages, from roughing, baiting, discharging powder, painting, drawing … beautiful pots gradually “come out”. Not only creating ornamental pots, but every holiday, New Year or welcoming new soldiers, celebrating the traditional day of the unit… Sergeant Bui Van Tuan also “makeup” the flower pots with his teammates, trees. The barracks are green, clean and beautiful, so officers and soldiers love the unit even more.

In 2020, smartphone vendors sold about 1.38 billion smartphones worldwide. And the number will continue to increase in 2021 with a predicted number of over 1.53 million units. 10 countries with the most smartphone users (Source: Statista) Survey data by market research firm Statista shows that, as of May 2021, China is still the leading country in terms of smartphone users with nearly 912 million people. Although the number is less than half, but India also ranks second after China with over 439 million units. These two countries will continue to top the rankings by large populations and are considered as markets with strong growth potential given the relatively low smartphone adoption rates, Statista commented. Among Southeast Asian countries, Indonesia and Vietnam are the two markets with the highest number of users. The data shows that Indonesia has up to 160.2 million smartphone users and ranks 4th in the rankings. Vietnam has 61.3 million users, in the top 10 countries with the largest number of smartphone users in the world. The Philippines and Thailand have lower user rates, with 41.3 and 37.8 million users, respectively. The smartphone penetration rate can be used as an indicator to measure how advanced a country’s economy is. The number of smartphone users and smartphone penetration rate are also considered as one of the bases for the development of the digital economy. In 2020, the smartphone penetration rate in Vietnam ranked 9th with an index of 63.1%, higher than Indonesia with a penetration rate of 58.6% and the Philippines at 37.7%. Vietnam is also considered as a potential and high-growth digital economy market in Southeast Asia. According to a report by Google, Temasek and Bain & Company, in 2020 Southeast Asia’s digital economy will see the growth of e-commerce, food delivery and online media amid the pandemic. Accordingly, digital payments will reach 620 billion USD in 2020 and are expected to reach 1.2 trillion USD in 2025. Online media also posted 22% growth, reaching $17 billion in 2020. This was driven by the explosive growth of video streaming service providers (video streaming), the growth rate 12 times in Vietnam and 18 times in Thailand. According to the assessment, Vietnam and Indonesia are two countries that have recorded double-digit growth for the digital economy. In which, Vietnam’s digital economy has a total value of about 14 billion USD and is expected to reach 52 billion by 2025, with an average growth rate of 29% from now until then. In the context of the pandemic, the Internet economy in Vietnam recorded growth in transportation, food, e-commerce and fintech.

Illustration (Source: Chinadaily) South Korea’s Ministry of Science and Information Technology and Communications said on June 1 that many cloud data center operators have cooperated with companies specializing in chips used in Korean servers to meet the respond to the increase in demand for semiconductor products and respond to uncertainties in the global supply chain. The ministry said five data center companies, Naver Cloud, Douzone Bizon, Kakao Enterprise, NHN and KT, along with the Artificial Intelligence Industry Cluster Agency, signed a memorandum of understanding with Korean server chip companies SK Telecom, Rebellions, FuriosaAI, and Korea Electronics and Telecommunications Research Institute to expand the use of products Semiconductor domestically produced artificial intelligence (AI) in data centers. Demand for AI semiconductor products from data center operators has been increasing in recent times. These companies need chips to process large volumes of data efficiently. Ministry of Science and Technology Information – Korean media predicts that the global server AI chip market will grow from $3.5 billion in 2020 to $34.7 billion in 2030. Under the aforementioned agreement, the companies will also cooperate on chip development, as well as pursue plans to establish a semiconductor test environment at an AI industry complex in Gwangju, 329 kilometers south of Seoul. The ministry said it would support the cooperation plan of the company and hope that this agreement will boost the semiconductor industry of Korea in the context of a recent global supply shortage.

Control room of Ham Thuan factory with IP-based surveillance camera system Start digital transformation from equipment upgrade projects Concept “ Digital conversion ” has been widely used in the media in recent times. Since it is a new concept, each person can understand digital transformation in his or her own way. However, the basic thing of digital transformation is that the process of digitalization combined with the application of achievements of the Industrial Revolution 4.0 into practice has created many transformations. powerful changes in life. The application of digital technology (Digital technology) has been approved by the Company UD implemented since 2004 when implementing the Da Nhim Power System Restoration Project. Da Nhim hydropower plant was put into operation in 1964 with a control system based on analog signals with countless knobs, knobs, switches, switches… The system of bulky, power-consuming equipment is prone to breakdowns due to its long-term use, reducing reliability. After 40 years of operation, the equipment system needs to be replaced to meet the reliability and efficiency in power production. Operation room of Da Nhim hydropower plant before digitalization Da Nhim power system restoration project (2004 – 2006) was invested by Vietnam Electricity Corporation (now Vietnam Electricity – EVN) and assigned Da Nhim – Ham Thuan Hydropower Company – Da Mi (now Da Nhim – Ham Thuan – Da Mi Hydropower Joint Stock Company: DDD) is the Project Management Board. The project includes 3 main packages to renovate and replace Da Nhim’s equipment system, including: Package No. 1- Generator and electrical equipment; Package No. 2 – Water turbine and water pipeline equipment; Package 3 – Hydrological data collection system. In particular, Package 1 with the application of digital technology to electrical equipment and control systems has created a new and modern appearance for Da Nhim hydropower plant with a stable operating equipment system. , computer controlled high availability, replacing obsolete analog equipment system. The control system with Alstom’s ALSPA P.320 HMI interface combined with GE Fanus’ PLC has created a turning point in operation control. All operation of the device is done by clicking on the computer screen instead of turning the knob or pressing the mechanical button as before. OCC operation room of DHD Company – The first remote control model of power plants in the power industry Da Nhim Hydropower Plant Expansion Project (Operating Phase 1 with a capacity of 80MW in 2018) continues to apply the latest digital technologies to the control equipment system, creating a Da Nhim hydropower plant. more modern. Inheriting their knowledge and experience through the Da Nhim Restoration Project, the Ham Thuan – Da Mi Hydropower Project, from 2008 to 2010, the Company’s engineers UD has successfully researched, programmed and put into operation the DCS system of Song Pha hydropower plant with a combination of WinCC control interface and Siemens S7-300 PLC. With the new control system, Song Pha hydropower plant seems to be wearing a new shirt, the outdated analog control system has been completely replaced by digital equipment. Operation room of Song Pha hydropower plant in 2006 The memorable milestone of the application of Science and Technology 4.0 in power production operation was in 2013 when the General Assembly Company and the domestic contractors successfully installed and put into operation the Operation Control Center (OCC – Operation Control Center). Center). This is considered the first OCC center at power plants in Vietnam to remotely control power plants. Since the OCC Center came into operation, combined with the IP-based CCTV system, DHD Company has optimized its operation and improved labor productivity. With OCC’s remote control and monitoring capabilities, the number of operators at hydroelectric power plants is reduced from 5 to 2 to 3. The OCC model of AGM Company was then replicated to other units in the industry and brought many practical benefits. The operation room of Song Pha hydroelectric power plant is now with the control system designed and installed by DDH Company Combining digitization and industrial science 4.0 Responding to the digital transformation of Electricity of Vietnam (EVN) and Power Generation Corporation 1 (EVNGENCO1), the General Assembly Company applied the results of the Industrial Revolution 4.0 on the digital platform to create a remarkable transformation in production management and administration. On the digital platform that has been deployed at power plants, DDT Company has gradually upgraded telecommunications infrastructure to create a smooth connection between the OCC Center, power plants and dispatching centers for business purposes. operate production and offer electricity prices in the market with high efficiency. The application of IP-based surveillance camera system helps the operator to monitor lake water level, discharge status of water supply to downstream… creating many advantages in coordination between the Company and local authorities in the company. disaster prevention and search and rescue. For administration, the General Meeting of Shareholders thoroughly handles incoming/outgoing documents, internal documents, on the e-Office system while accelerating the speed of case handling and convenience in work. storage and retrieval while saving printing paper and protecting the environment. In the bidding work, the Company conducts online bidding to ensure that information is provided to contractors quickly and accurately, to ensure transparency in bidding and to save printing costs. Currently, cloud computing technology (i-Cloud) is widely applied and becomes more and more familiar to the employees of the Company. The company has registered a Google Drive account with unlimited storage, sharing capacity to each unit for use. Employees store files and documents on shared Google Drive so that they can easily perform their work on smartphones and tablets even if they are far from the working location. Using i-Cloud for work has become popular at the University of Da Nang Timekeeping, collection of opinions, statistics, surveys, etc. when there is a need for the coordination of many people, is easily done by Google tools such as Google doc, Google sheet, Google form. The digital transformation is making the work processing steps at the General Meeting of Shareholders more and more convenient, in line with the general trend of the whole society. E-learning is also being applied and achieving positive results. Digital transformation plan at the Company in the next period Although the digital transformation is bringing initial results, creating many advantages in operation and production and business, in order to achieve greater results, AGM needs to further promote infrastructure investment Information technology combined with human training. Mr. Le Van Quang – General Director of DHD Company commented: “Digital transformation has brought practical results that every employee in the Company can clearly see. Previously, employees in the Company had to save each monthly pay slip to track their income, now they can look up information about income, vacation days, earnings, deductions… through through payroll software developed by the Company itself. This is an example of digital transformation at AGM.” Following the direction of EVN and EVNGENCO1, the General Meeting of Shareholders established a Steering Committee for Digital Transformation and Technology Application of the 4th Industrial Revolution in production and business activities at the Company by the Chairman of the Board of Directors. serve as Head of the Board. According to the Digital Transformation Plan for the 2021-2025 period, the General Meeting of Shareholders focuses on two major areas of work, including: Applying digital transformation in governance, administrative reform, improving labor productivity and Modernizing systems and infrastructure. In governance, the Company continues to carry out typical tasks such as: Raising awareness about digital transformation, capacity to use information technology for management and employees; Provide digital signatures for all employees in the Company; Establish a library, store documents on Google Drive; Do 100% internal writing via E-Office; Renovate the company’s web, build an online web-based working environment, to share resources, manage work, create the ability to work anytime, anywhere, any means; Building a forum for questions (of employees) and answers (of experts in the company), serving training; Digital invoice management; Digitizing internal and external reports; Record device parameters online on the basis of image recognition; Operation log no… Continuing, modernizing the equipment system and infrastructure, DDT Company will perform the following items: Setting up an unmanned Da Nhim Water Purification Station; Carrying out scientific research on unmanned power plants for Da Mi Solar Power Plant, Song Pha Hydropower Plant; Upgrade the IT system operation monitoring center, information security policy for information security, according to ISO 27001 standard; Complete security for information systems according to the specified safety level.

Samsung Display’s dominance is being threatened by Chinese companies In particular, when Apple adopted OLED panels instead of LCD panels starting with the iPhone 12 series in 2020, the use of OLED panels increased sharply. Recently, Chinese display companies are entering the small and medium-sized OLED panel market, increasing the supply of low-cost panels. Omdia estimates that Apple will use the largest number of OLED panels for smartphones next year. It is expected that Apple will use 169 million OLED panels in 2021 and 190 million panels in 2022. Most likely they will use OLED panels for new products expected to launch in the second half of 2021. Meanwhile, Samsung is also expected to use 155 million OLED panels in 2021 and 168 million panels in 2022, the second largest after Apple. Although Samsung Display is expected to maintain its No. 1 position in the global smartphone OLED display market next year, its market share is expected to shrink due to competition from other manufacturers. Chinese company. In fact, according to Omdia, Samsung Display’s market share has dropped from 86% in 2019 to 78% in 2020. Omdia forecasts that its market share will drop to 77% in 2021 and 65% in next. On the other hand, the market share of Chinese companies is expected to increase from 15% in 2021 to 27% in 2022. In particular, BOE, China’s largest display manufacturer, is expected to expand the market. share from 6% in 2021 to 13% in 2022. Regarding this, Omdia said: “Chinese display companies are improving their technical skills. China will be a major threat to South Korea’s leading position in the OLED display market.” Phan Van Hoa (according to Businesskorea)

Kayleigh Haywood, a 15-year-old girl from Measham, Leicestershire, met her killer via Facebook. When the girl’s body was discovered, police used a special phone to unlock her device – which was locked and severely damaged – to extract information. The evidence obtained helps the police find the culprit, which is the neighbor Stepen Beardman. It also exonerated a suspect. Previously, this technology helped the FBI unlock the iPhone of the San Bernardino shooter after Apple refused to cooperate, as well as collect evidence after the shooting at a gay nightclub in Orlando. Florida (USA). Of course, there will be objections to a company that helps the government hack their phones. That makes Cellebrite, the Israeli company behind the jailbreak device, a target of attacks by human rights groups around the globe, who fear it could be used for wrongdoing. Yossi Carmil, one of the founders and CEOs of Cellebrite, says Cellebrite’s “moral compass” remains intact. He describes himself as “good people who support heroes in their work”, which is saving lives, maintaining peace in the community. Cellebrite was originally a company that provides backup, transfer and restore smartphone data, partnering with carriers such as Orange, T-Mobile, Carphone Warehouse. About 10% of their business comes from private companies that need to extract data from employees’ phones for HR reasons, intellectual property theft or fraud investigations. Mr. Carmil, 54, has close ties to the military and police. He spent four years in the army, where he was a combat soldier and special forces officer. He called it a “proud” period. He used to work for the Israeli Defense Ministry before moving to Europe to live for 10 years, working at Bosch and Siemens. He spent most of this time in Germany, where he earned an MBA from Ludwig Maximilian University. He returned to his hometown of Israel after the death of his sister, later married and had three children. His 19-year-old eldest son Carmil is also serving in the army, currently stationed at the border between Israel and Gaza. Breaking encryption applications, violating user privacy, making Carmil’s image worse in the eyes of technology leaders. Moxie Marlinspike, CEO of the secure messaging app Signal, once published an article detailing a vulnerability that could change the content of messages when Cellebrite extracts them, damaging important evidence. However, Mr. Carmil said that exploitation of that vulnerability never happened in practice. For Mr. Carmil, the UK is an important market with about 50 law enforcement agencies using their technology. In addition to 17 sales and marketing staff in Europe, Cellebrite will hire more researchers and developers. In total, the company has about 300 employees, some of which have been brought in from other intelligence organizations and technology firms. When asked how to ensure their technology is not used against innocent people or human rights, Mr Carmil said “it is my responsibility not to let the tools of power fall into the wrong hands”. Cellebrite has a legal department that writes policy and a compliance officer who reports directly to the CEO. Prior to the initial public offering, Cellebrite also established an independent ethics committee to prosecute Cellebrite for violations. Mr. Carmil said the company controls every license it sells remotely and can disable and blacklist any license, even when there is little doubt. Cellebrite is banned from selling technology to Iraq, Lebanon, and Palestine. Recently, they decided to stop selling to Russia, Belarus and China. Often known as a shady company, silenced by secret contracts, Mr. Carmil wants more transparency ahead of the IPO. Du Lam (According to Telegraph)

(Source: Reuters) Sumitomo Corp. (Japan) will provide mobile service in Ethiopia through a consortium with a telecommunications service provider Vodafone Group (United Kingdom). The move will make Sumitomo the first Japanese company to enter the African market. Ethiopia has approved a license for the consortium on mobile service providers in the country. It is expected that Sumitomo will hold about 30% of the shares in the new business and invest about 8 billion USD in 10 years, including investment capital for base stations. This will be the largest foreign direct investment on record in Ethiopia. According to the plan, service delivery will begin in 2022. Ethiopia is one of the largest countries in Africa, with 112 million inhabitants. According to statistics, when the rate of mobile phone usage is only about 40%, the new consortium has seen growth opportunities in this country. In addition to mobile services, the consortium also plans to launch services in areas such as digital currency, education, and health information technology. The announcement of the cooperation between Sumitomo and Vodafone comes amid concerns in Japan, the US and the UK about the trend of Chinese companies such as Huawei Technologies and ZTE building much of Africa’s telecommunications infrastructure.

Two battery manufacturers LG Energy Solution and SK Innovation also decided to proceed with an investment plan of 14 billion USD, including both private investment and joint venture with the US company. Hyundai Motor Company announced an investment of $7.4 billion to expand production and charging infrastructure for electric cars in the US. Photo: YONHAP News Semiconductor chip maker SK Hynix will spend $1 billion to establish a large-scale Research and Development (R&D) Center to innovate new growth areas such as artificial intelligence (AI), solutions NAND memory chips in Silicon Valley. At the conference, businesses emphasized the importance of the North American market in the key business segments of the future, such as the information and communication technology industry (including semiconductor chips), batteries, and batteries. electric bowl; announced to expand the market through cooperation with businesses with advanced American technology and needs, possessing new technologies. Also at this event, the leading US chemical company – DuPont announced a plan to build a Research and Development Center in Korea, to develop original technologies for semiconductor chip materials. Attending the Korea-US Business Roundtable, the Korean side included Minister of Industry, Trade and Resources Moon Seung-wook and leaders of major corporations SK, Samsung electronics, Hyundai automobiles, LG Energy Solution. , Samsung Biologics, SK Bioscience. The US side includes Commerce Secretary Gina Raimondo, along with leaders of Qualcomm, GM International, Novavax, DuPont, and Ampere Computing.

Facebook logo at headquarters in Menlo Park, California, USA. Photo: AFP/VNA According to the Vietnam News Agency correspondent in Sydney, data from the Australian Securities and Investments Commission shows that in the 2020 financial year, Facebook has overcome the worst effects of the recession caused by the COVID-19 pandemic and made a profit. Total advertising revenue in “Kangaroo country” was AUD 712.7 million (equivalent to USD 570 million), up from AUD 674 million in 2019. However, Facebook paid $559 million to an overseas subsidiary for ad inventory-related content, bringing the company’s net revenue to just $155.3 million. As a result, Facebook’s pre-tax profit was AUD 37.9 million, and with this profit, the company paid AUD 20 million (USD 16 million) in taxes, compared with AUD 16.7 million in 2019. A Facebook spokesperson said that in the last financial year, the company paid income tax in Australia at rates above 30% under local tax law. While tech giants Facebook and Google both recorded growth in 2020 in Australia, many local media outlets have had to cut costs and in some cases cut jobs due to business reasons. Advertising revenue dropped by 30%. Facebook is currently actively negotiating with several Australian media companies about paying for their news content to appear on the social network’s Newsfeed feature. So far, Facebook has officially signed contracts with two major media agencies, Seven West Media and News Corp, and according to some sources, will sign a formal agreement with Nine Entertainment Co within the next two weeks. Meanwhile, negotiations with Guardian Australia and national broadcaster ABC are still ongoing.

Major Korean corporations including: Sumsung, Hyundai Motor, SK and LG announced plans to invest nearly 40 billion USD in the US. (Source: Business Korea) Specifically, at the Korea-US Business Roundtable held at the headquarters of the US Department of Commerce with the attendance of South Korean President Moon Jae-in on May 21 (local time), Samsung Electronics announced announced that it will invest 17 billion USD to build a new semiconductor chip factory in the US. Two battery manufacturers LG Energy Solution and SK Innovation also decided to proceed with an investment plan of 14 billion USD, including both private investment and joint venture with the US company. Hyundai Motor Company announced an investment of $7.4 billion to expand production and charging infrastructure for electric cars in the US. Meanwhile, semiconductor chip maker SK Hynix will spend $1 billion to set up a large-scale Research and Development (R&D) Center to innovate new growth areas such as artificial intelligence (AI). ), the NAND memory chip solution in Silicon Valley. At the conference, businesses emphasized the importance of the North American market in the key business segments of the future, such as the information and communication technology industry (including semiconductor chips), batteries, and batteries. electric bowl. Korean companies claim to expand the market through cooperation with American businesses that have demand and have advanced technology. Also at this event, the leading US chemical company DuPont announced plans to build a Research and Development Center in Korea, to develop original technologies for semiconductor chip materials. Attending the Korea-US Business Roundtable, the Korean side included Minister of Industry, Trade and Resources Moon Seung-wook and leaders of major corporations SK, Samsung electronics, Hyundai automobiles, LG Energy Solution. , Samsung Biologics, SK Bioscience. The US side includes Commerce Secretary Gina Raimondo, along with leaders of Qualcomm, GM International, Novavax, DuPont, and Ampere Computing. (according to Business Korea)

Unithai Trip Company in Bangkok offers travel programs from 75,000 baht to 200,000 baht ($2,400 to $6,400) for trips to San Francisco, Los Angeles and New York (USA), with prices depending on the range. waiting time between injections. The beaches in Phuket, Thailand are empty of tourists. Source: Reuters A group of guests will depart next week, said Rachphol Yamsaeng, owner of Unithai Trip. Most of the people who inquired about this tour asked for the Pfizer vaccine, so about 20 days between the first and second dose. “Travel companies are having a hard time. We have to do whatever we can,” said Rachphol Yamsaeng. In addition to Unithai Trip, My Journey Travel is offering a 10-day trip to San Francisco for a Johnson & Johnson vaccine, which the company says it received hundreds of calls in three days. Another company, Udachi, has offered a 23-day “VACCation in Russia” program to vaccinate Sputnik V for up to 210,000 baht ($6,700). However, the Tourism Ministry of Thailand has warned that customers should carefully check vaccination packages, as US regulations can vary from state to state.

Yangtze Memory Technologies Co (YMTC) factory in Wuhan, China. (Source: Nikkei Asian) Rise of the chip manufacturing business Once a month, senior executives from Yangtze Memory Technologies Co (YMTC) fly to Beijing for a series of meetings with China’s top economic regulators. They focused on the company’s efforts in developing some of the world’s most advanced computer memory chips. Headquartered in downtown Wuhan, YMTC is considered a pioneer in efforts to create the domestic semiconductor industry. YMTC has mass-produced state-of-the-art 64-layer and 128-layer NAND flash memory chips, which are used in almost every electronic device from smartphones to servers to cars. These things help YMTC compete with big players in the industry such as Micron Technology of the US or Samsung Electronics of Korea. Equipment used to make high-end computer chips is mostly imported in the US. Some chip design and manufacturing processes such as etching, ion implantation, electrochemical deposition, design software… are all in the hands of American companies. To manufacture without using American technology is a big challenge for a new company that has been operating since 2016 like YMTC and also represents China’s great ambition in the field of semiconductor industry development. especially after the economic sanctions that the US imposed on China. However, the dizzying rise of YMTC has shown China’s strength in the chip industry. The business started in 2016 and within four years has mass-produced some of the most advanced 3D NAND flash memory chips in the world. The Beijing government also recognizes the importance of developing the semiconductor industry and makes efforts to support these companies. “Competition for chips is increasing as all major economies, not just China, have realized the importance of chips,” said Roger Sheng, a chip analyst at consulting firm Gartner. Semiconductors”. Currently, YMTC, is still in the “target” of the US government. But under the guidance of the Beijing government, they have conducted a review of the supply chain, looking for local component suppliers, or non-US suppliers, to gradually eliminate the country’s dependence on technology. Based in the city of Wuhan, YMTC’s efforts did not stop even when the SARS-CoV-2 virus causing the Covid-19 pandemic wreaked havoc last spring. According to sources familiar with the matter, after Wuhan reopened in April 2021, YMTC mobilized hundreds of engineers stationed inside the production campus, working three shifts a day with the aim of overhauling all production processes and replace as many foreign imported components as possible. Efforts to localize production The effort to localize chip production is an opportunity for a new generation of Chinese chipmakers like YMTC. Chinese President Xi Jinping said in remarks published in January 2021: “We must strengthen self-innovation and make breakthroughs in some core technologies as soon as possible.” According to the Nikkei Asian , plans to end dependence on the US have long been carried out by China and massively invested by the state, but progress is still very slow. For example, the plan to self-produce semiconductors has a target of 70% by 2025. But of the total revenue in 2020, China’s semiconductor manufacturing enterprises account for only 5.9% of sales. domestic products, while foreign companies with headquarters in China account for the rest of sales in the country. According to the Magazine China Stocks , while the threat of sanctions from the US has always lingered, the source of state aid, with subsidies and investments from local governments and the private sector has amounted to at least 170 billion USD since Since 2014 has helped chip manufacturing enterprises to localize production efforts. In addition, orders from domestic technology giants such as Xiaomi, Oppo, Vivo and Lenovo are also the reason their production is guaranteed. The US sanctions are a wake-up call for China’s semiconductor industry. (Source: Nikkei Asian) In fact, the trade war with the US and its sanctions against technology giant Huawei have given the Chinese government an opportunity to decouple from the world’s largest economy. – something they’ve always wanted. The US sanctions seem to have removed the main obstacle for domestic consumers, who always prefer to use chips from foreign suppliers. The manager of a chip maker in China told the site Nikkei Asian : “In the past, domestic chipmakers used only the manufacturing equipment that all the world’s leading chipmakers such as Samsung and Intel use in their production lines. Who wants to use and try new products without being sure of the quality of the production?” However, when sanctions from the US appeared, Chinese manufacturers considered alternatives, and domestically produced chip products were a reasonable choice. The manager emphasized: “It also means that domestic enterprises have really had the opportunity to test and upgrade their products – the goal that the whole country is aiming for.” Roger Sheng, a semiconductor analyst at Research Gartner, found that the US-China tensions confirmed the view that it was necessary to localize production. Now, the whole country agrees that building a semiconductor industry is possible and increasing self-reliance is a top priority. Unbreakable bond? Despite China’s considerable efforts, not many experts believe that the country’s chip sector will be completely separate from the US. The world’s two largest economies are still linked, dependent on each other and also two large semiconductor markets. According to a January report by the Brookings Institution, Chinese businesses account for at least 25% of the sales of most US chip businesses, and not everyone wants to break out of the market altogether. Chad Bown, an expert at the Peterson Institute for International Economics, said the US President Joe Biden’s approach to China was still unclear. On the one hand, the US expects China to buy more chips as promised in recent trade talks but also continues to restrict China’s use of US technologies. Since 2018 to date, a total of 162 Chinese entities have been sanctioned by the Trump Administration. In April 2021, the US Department of Commerce also added seven Chinese “supercomputer” entities to the economic blacklist, to restrict these businesses from using US technology. In reality, it is still difficult to completely decouple the supply of semiconductors, which involve thousands of suppliers from around the world and have been closely intertwined for decades. China may try to reduce its dependence on the United States, but without American sources of technology, it is unlikely to accelerate its technological progress. But Miin Wu, founder and president of Macronix International, a leading memory chip maker in Taiwan (China) that serves Apple, Sony and Nintendo, stressed: “In the short term, due to geopolitical uncertainties China’s technological development may be slowed down. However, in the long run, China will certainly hope to build a competitive semiconductor industry.” (according to Nikkei Asia)

Now, instead of always worrying about carrying too much cash, consumers can go out with peace of mind with just a credit card or simply a phone and smart watch. In many countries, the Covid-19 pandemic has shortened the transition to cashless payments. Many central banks around the world are also planning to issue digital currencies, led by the People’s Bank of China. “Each country has its own development needs,” said Zhou Xiaochuan, former Governor of the Central Bank of China and vice-president of the Boao Forum for Asia. We can expect that in the long run, the world’s digital currencies can integrate and exchange rate problems can become less complicated. This is a development direction.” Illustration: KT Late last year, Google, Singapore’s Temasek, and venture capital firm Bain & Company jointly conducted a study on the adoption of digital platform technologies across Southeast Asia. The results show that, in the 6 largest economies of Southeast Asia (Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam), the number of people accessing the internet reached 40 million people for the first time last year, raising the number of internet users to 40 million people for the first time in 2020. the total number of internet users in the region to 400 million, about 70% of the population of these countries compared to 250 million in 2015. At the same time, the size of the region’s internet economy also surpassed the $100 billion threshold for the first time. If this trend is maintained, the report predicts, this number will likely triple to more than $300 billion by 2025. A newer Mastercard report released on May 4 adds more detail to the day-to-day impacts of the pandemic, particularly on consumers’ daily spending habits. The report shows that access to digital payment technologies has increased in the Asia-Pacific region. Specifically, 94% of the respondents said that they would consider using at least one emerging payment method in the next year such as QR code, e-wallet or mobile phone, installment plan, cryptocurrency, credit card, etc. biometrics… According to Mastercard’s Executive Vice President of Product and Innovation – Sandeep Malhotra, consumers in Asia Pacific have seen major changes in their payment habits and this is not only driven by demand, but also by demand. based on considerations of personal safety, security, and convenience, at a time when these concerns are paramount. However, economic experts also warn, whether digital currency or digital asset, all must integrate and serve the real economy and the global financial crisis of 2008 is money label lesson. Once the financial sector separates from the real economy, the risk of deviating is inevitable.

Facebook may be fined $ 1.8 million in Israel for “acquiring” 2 companies without permission According to Reuters, Facebook is facing a fine of up to $ 1.8 million for its act of acquiring two Israeli companies, RedKix Inc in 2018 and Service Friend Ltd in 2019 but without approval and violating the law. clause in the Economic Competition Law of Israel. Authorities in the country argue that Facebook has a market share in Israel in excess of 50% and that the group must report transactions and obtain consent before any merger in the country. . The authorities also said that Facebook and Istagram are two exclusive social networks in Israel. Facebook will face a hearing soon and the company will have 60 days to appeal the charges before serving the fine. Talking about this, Facebook has denied allegations of antitrust behavior and said that Facebook is still cooperating with the investigations of the authorities. In addition, Facebook believes that there is no reporting obligation in relation to these transactions and hopes that the competent authorities will come to the right conclusions. Last year, Facebook was also fined by the US federal court up to $5 billion related to data privacy violations and forced Facebook to strengthen privacy protections, provide quarterly report on the implementation of the agreement and the establishment of an independent monitoring board. In Canada, Facebook was also fined $6.5 million by the Competition Bureau for sharing user information with other companies.

As reflected by residents of the new Lideco urban area – North of National Highway 32 (Hoai Duc district, Hanoi), the Son Ca preschool project located on the plot of land plot for kindergarten NT1 of the urban area has been damaged. International Joint Stock Company – TIC “acquired”, misused for the wrong purpose when sending hundreds of trainees waiting for labor export to come here to live and sleep. International Joint Stock Company – TIC has an address at NT1 – Lideco urban area with advertising signs at the main gate of the urban area. Learn about PV Newspaper of Knowledge and Life , on 10/3/2011, City People’s Committee. Hanoi issued a Decision on the recovery of 3,847.5 m2 of land in the new urban area North of National Highway 32, Tram Troi town, Hoai Duc district under the management of Tu Liem Urban Development Joint Stock Company and assigned to Son Ca Kindergarten implements the project to build Son Ca Kindergarten in the form of land allocation with collection of use fees and a term of 50 years from the date of signing the decision. On June 25, 2018, Hoai Duc District Education and Training Department issued a decision to allow educational activities for Son Ca kindergarten located in the new urban area north of National Highway 32, Tram Troi town, district. Hoai Duc, City. Hanoi. However, after only one year, Hoai Duc District Education and Training Department submitted a proposal to change the owner of Son Ca Kindergarten. Accordingly, on April 25, 2019, Hoai Duc District People’s Committee issued a decision to allow the conversion of the owner of Son Ca kindergarten from Mrs. Nguyen Thi Theu to the new owner, Mrs. Nguyen Thi Hang, with a bachelor’s degree. Preschool education. However, since “acquiring” the entire land area of Son Ca Kindergarten Ms. Hang did not conduct enrollment and organize preschool education. Instead, it is to bring all students who are studying and waiting for the labor export of International Joint Stock Company – TIC to come here to eat, sleep, and live. Reported by PV, all classrooms of the kindergarten were renovated by TIC Company into students’ bedrooms with the arrangement of beds and kitchens like a student dormitory. Part of the school’s campus is arranged as a parking place for staff and students. Even the drying of students’ clothes takes place right in the school yard… The government is tired of waiting for the report On July 21, 2020, Hoai Duc District Urban Management Department held a meeting with Tu Liem Urban Development Joint Stock Company and a representative of Son Ca Kindergarten to check the status of the planned land. project. Here, the Department of Investment Management has requested Son Ca Kindergarten to synthesize and provide all legal documents, planning documents, project documents, written reports on the project implementation process, synthesize problems, problems and suggestions if any. The area and infrastructure of the Son Ca kindergarten in the Lideco urban area was turned into a residence by the International Joint Stock Company – TIC, for students waiting for labor export. However, as of September 1, 2020, the Urban Management Department of Hoai Duc district still did not receive all relevant documents on planning, land, construction investment projects and did not have a consolidated report of the Government. At the request of the unit, it issued Official Letter No. 619/QLDT sent to Son Ca Kindergarten to urge the “collection of records and reports related to the improper use of land in the plot of land for housing planning.” NT1 children in the new urban area North of National Highway 32, Tram Troi town, Hoai Duc district. Dossiers and reports should be sent to the Department of Management and Investment before September 18, 2020. However, this proposal continued to be deliberately ignored by the kindergarten owner when “Currently, Son Ca kindergarten has not sent documents and reports on the misuse of land in plot NT1 to the District People’s Committee. Hoai Duc. In fact, International Joint Stock Company – TIC is using the above land area. We are still urging and will handle it,” an officer of the Urban Management Department of Hoai Duc district informed PV in early May 2021. Although the government of Hoai Duc district has clearly identified the work in cell NT1, Ms. Tran Thi Hue – Head of Administration Department of International Joint Stock Company – TIC denied and said: “The company did not mention or do anything in the area. Son Ca Kindergarten” (!?). Knowledge and Life newspaper will continue to report the case. Invite readers to watch more videos: Prosecution of former chairman and accountant of Guangzhou commune for land violations Source: TTV

Gigabyte products are boycotted in mainland China (Image: Handout) In an advertisement for its latest laptop model, Gigabyte Technology Co., which specializes in motherboards and graphics processing equipment, claims that it manufactures its products in Taiwan, where Quality control is very strict. “Unlike other brands that choose low-cost and low-quality manufacturing contracts in China, Gigabyte Techonology is committed to producing high-quality and high-configuration laptops” – the advertisement said – “As a Taiwan-based laptop and components manufacturer, we make sure that 90% of our laptops are made in Taiwan.” The ad immediately caught the attention of the Communist Youth League of China. They posted a screenshot of the ad on Weibo on May 11, with the words: “Gigabyte, what makes you so brave?”. The Youth Union, which has nearly 16 million followers on Weibo, in March also criticized the Swedish brand H&M for refusing to buy cotton from Xinjiang, after several Western countries raised many accusations. human rights obligations in this region. Gigabyte, which has operated a factory in China’s industrial center Ningbo since 2003, immediately apologized after the ad. The company said in a statement that it has always supported the “One China” principle – Beijing’s political stance that recognizes mainland China and Taiwan as part of China. “Some of the content recently posted on our official website goes against reality, an incident that happened due to lack of management from within the company” – Gigabyte wrote on Weibo on May 11 – “We I have production lines all over mainland China, accounting for 90% of our production. Gigabyte prides itself on quality made in China.” However, this quick apology was not enough to calm the anger of the Chinese online community. “You don’t have a chance anymore” – a Weibo netizen commented on Gigabyte’s post – “Seriously, don’t waste your energy. You have crossed the red line.” By the end of May 11, Gigabyte products had disappeared from most Chinese e-commerce platforms. The search term “Gigabyte” returned no results on JD.com and Suning. Gigabyte’s official store on Tmall – an online sales platform operated by Alibaba Group Holding – no longer catalogs products. Alibaba, JD.com and Suning were not immediately available for comment. Gigabyte’s share price fell nearly 20% between May 11 and 12.

Design of a waste treatment line for the Vietnamese market with 3D technology at the Belgian company Menart. His work is part of the waste treatment project to make compost at the Residential and Industrial Solid Waste Treatment Area in Vinh Tan Commune, Vinh Cuu District, Dong Nai Province, which is carried out by Belgian company Menart and Co. Sonadezi Environment Joint Stock Company in Dong Nai province. Sharing with Vietnam News Agency correspondent in Belgium, Mr. Anthony said the design must be based on actual research and survey. He went to Vietnam and went to Dong Nai to review the field conditions at the place where the waste treatment plant will be built and then returned to Belgium, designed with 3D technology, the line will be installed to suit the conditions. Vietnam’s tropical climate. Some details are produced on-site by Menart company, others are sent to Vietnam for partners to do. The equipment will then be transported from Belgium to be assembled at a waste treatment plant for operation. Meanwhile, at the factory, Menart’s engineers are installing and testing waste sorting and composting equipment. This is the second production line that Menart is about to hand over to Sonadezi for deployment in Vietnam. In the equipment factory of the domestic waste treatment line of Menart Company, Belgium. Mr. Mot, an experienced technician, said that last year, he was sent by the company to Vietnam and to Dong Nai to prepare for the trial operation of the waste treatment plant. He stayed in Dong Nai for 6 months, with Vietnamese colleagues installing lines and training operators to prepare for the trial run of the plant in November 2020. Menart is a private company established in 1961 specializing in the design, construction and installation of equipment for organic fertilizer production and environmental protection waste treatment. With a team of highly qualified engineers and technicians, Menart provides equipment and solutions for many fields, especially environmental protection and clean agricultural production. Currently, Menart’s network of activities covers 60 countries on 4 continents including Asia, Europe, Africa and America. According to Ms. Bérengère Menart, General Director of Menart, the company has been working with Vietnam since the late 90s of the last century in the field of environment. In Vietnam, Menart provides equipment for waste treatment plants in Dong Nai, Soc Trang, Kon Tum, Ha Tinh, Thai Nguyen, Ha Nam provinces to turn waste into compost for agriculture. Waste sorting and treatment line manufactured by Menart company for Vietnam market. The composting waste treatment plant at the domestic and industrial solid waste treatment area in Vinh Tan commune, Vinh Cuu district, Dong Nai province is invested by Sonadezi Environment Joint Stock Company and also provided by Menart Company. device. The 7.1-hectare plant was put into trial operation late last year with a capacity of 450 tons/day, operating 8 hours/day. The operation process consists of 4 main stages: waste sorting, aerobic composting, ripening, and creating refined humus. About 80% of the organic waste received will be treated as compost; about 15% of inert waste after burning is buried in hygienic burial pits; About 5% of nylon bags are recovered, recycled and reused. Currently, Menart continues to complete the garbage sorting equipment, composting machines, rotary machines, and composting equipment to hand over to Sonadezi to serve the expansion of the Vinh Tan waste treatment plant. Ms. Bérengère Menart strongly believes in the prospect of cooperation in this field with Vietnam. She said: “Vietnamese people and local authorities will raise awareness of environmental protection, reduce the amount of untreated waste into the environment and thus contribute to improving the quality of life.” She affirmed and wished to continue expanding cooperation in technology transfer to Vietnamese partners in the fields of environment and agriculture. With projects implemented in Vietnam, Menart is contributing to the local government to solve the management and treatment of waste, a hot issue today, due to the rapid urbanization process.

The super-tall 67-story One Vanderbilt skyscraper at the corner of 42nd Street and Vanderbilt Avenue in midtown Manhattan, New York City. Ascent, an all-glass elevator, travels 369 meters outside of the skyscraper, offering breathtaking views of the city. The more adventurous can opt for Levitation, the transparent glass cases that jut out of the tower, at 324 meters above Madison Avenue. Dizziness with the glass elevator of a 67-story building in the US The entire project, called Summit One Vanderbilt, will include an Après cafe, a rooftop bar, and “the tallest urban outdoor alpine in the world.” Kenzo Digital’s creative team designed an art installation for the observatory. Marc Holliday, President and CEO of SL Green said: “We create a destination that provides a memorable interactive experience for a lifetime, visitors will have the best views, spanning the entire New City of New City. York. Summit One Vanderbilt is an incredible, inspiring project that anyone should experience. It’s a special, thrilling place that New Yorkers and visitors from all over the world will visit again and again.” Fred Dixon, president and chief executive officer of NYC & Company, believes that the launch of this attraction will give the city an impetus as it begins to revive its tourism industry, which has suffered greatly from the epidemic. “New York City is going to be full of energy in the fall, and Summit One Vanderbilt is a great addition that attracts locals and visitors,” Dixon said. There are also a number of famous observatories in the city, such as the six-story Top of the Rock observatory at Rockefeller Center, located 259 meters above the street. In 2019, the Empire State Building commissioned a new observatory on the 102nd floor, 382 meters above the ground.

The company has automated the voltage and frequency adjustment of the power system to ensure power quality; Reducing the amount of electricity that cannot be supplied to customers, creating more revenue for the electricity industry; Reduce long distance transmission and optimize transmission grid loss. Modernizing the development of electricity meters and remote metering data collection systems has helped to collect complete data on customers’ electricity usage, timely detect problems of the metering system. count. This technology also helps the Company closely monitor the electricity usage mode of customers, especially large customers, and at the same time serve to calculate the unit’s power loss accurately as well as the power loss of the station. public in particular. In addition, the Company also encourages customers to actively adjust or change electricity demand during peak hours. Thereby, reducing the maximum capacity of the power system, reducing the overload of the grid, contributing to improving the economic efficiency of the power system. At the same time, it will also create conditions for the community to be more aware of electricity saving and efficient use of electricity, contributing to the protection of national resources. Ba Ria – Vung Tau Power Company has implemented many measures to reduce power loss With the unremitting efforts of all employees Ba Ria-Vung Tau Power Company in the control of power loss in particular, the rate of power loss continuously decreased from 2015 to 3.97% at 22kV level; in 2019 is 1.75% (including 110kV level) and in 2020 is an impressive number: 1.57% (including 110kV level). With the mission “ Electricity is one step ahead ”, BRVT Power Company has actively invested and upgraded the power grid system, ensuring safe and reliable power supply for tourist centers such as Thuy Van beach (Vung Tau City), Long Hai beach. (Dat Do district), Ho Coc – Ho Tram resort (Xuyen Moc district)… Every year, the Company focuses its capital to invest in preventing overload and strengthening the power grid; Electric islands for industrial shrimp farming, irrigation pumping stations to fight against drought, concave areas without electricity, removing fishing tackle… to meet the demand for irrigation for agricultural production and aquaculture. fisheries and tourism development in the province. Doing a good job of reducing power loss makes a lot of sense. help reduce production costs, increase profits for the company and increase the efficiency of production and business of the unit.

At present, my country’s mobile phone manufacturers can be described as a situation where a hundred schools of thought are contending. In this environment, Xiaomi also relies on exceptional and smooth out of the circle. Even though they started their business on mobile phones, they are not limited to mobile phones.

This can be seen from the Xiaomi store, whether it is a mobile phone or household appliances, it is all available, and even a lot of after-life supplies are not spared, which also gives Xiaomi the title of Xiaomi grocery store. Under the diversified business philosophy, Xiaomi has indeed brought a lot of returns. Now the income of Xiaomi’s grocery store has accounted for 40% of the total income.

Although Xiaomi’s cross-border capability is unquestionable, it has always been a strong dragon in some industries. Among them, it is a good example in the socket market. At present, the best sockets in our country are probably the bulls. After all, they have the number one market share in the plug-in board industry.

The market value also exceeded 136 billion yuan, becoming the first share of sockets. In the flipper industry, Ruan Liping, the founder of the Bull, has also been cultivating for 25 years. Over the past 25 years, the Bulls have always focused on the subdivision of sockets, which has also brought Ruan Liping a worth of 45 billion yuan.

Technology Entrepreneurship

Ruan Liping can be said to be a typical representative of technology entrepreneurship. He studied mechanical design in college. After graduation, he successfully entered the Hangzhou Institute of Mechanical Design, which was a very enviable job at the time.

But obviously Ruan Liping is not the kind of person who likes stability. He started his journey into the sea a few years later. After buying pig livers and planting strawberries and other small businesses, Ruan Liping also aimed at the hottest plug industry at the time.

At first, Ruan Liping still didn’t like many power strips because the quality was really bad. After dismantling, he found that the original technical content of the power strip was not too high, so he planned to do it himself. So Bull Electric was established in 1995.

Establish 750,000 sales channels

At the beginning of Ruan Liping’s career, the power strip market was full of fantasies. For many users at that time, they could only choose foreign brands if they wanted to buy good quality power strips.

The price of foreign sockets is ten times that of domestic ones. Bulls do not fight the price war, and the prices of sockets introduced are much lower than those of foreign ones. With a good reputation, the Bulls have gradually gained a foothold in the plug-in market. After the bull became famous, it also attracted a lot of imitations.

Just 6 years later, Bull’s socket converter has become the industry’s first brand. The reason why the Bulls can achieve such results, in addition to their good quality, is also very important in terms of marketing. At that time, people chose to go to hardware stores to buy such products, so the bull simply made free signs for these hardware stores, and the bull logo was hung on it, so that the bull brand has formed a familiarity in the market over time.

With the continuous development of sales channels, Bull has established more than 750,000 hardware sales channels in a comprehensive way, and has become the number one brand in people’s hearts. What everyone might not have expected is that this small power strip also has such a great power. With this small object, Ruan Liping’s revenue reached 10 billion in 19 years, and the net profit exceeded 2.2 billion. In the first nine months of 20 years, the bull’s net profit reached nearly 1.6 billion.

Almost overtaken by Xiaomi

In terms of the quality of the inserts, the Bulls are already impeccable. However, the Bulls have encountered a crisis, that is, Xiaomi’s corner overtaking behind it. In 15 years, Xiaomi also quietly and suddenly entered the socket market, and it also brought a revolutionary innovation to the socket, that is, the addition of a USB socket to the socket, which is undoubtedly a problem for the Bulls. Very serious blow.

Under the shock, the Bull also responded quickly, and immediately launched products such as timing sockets and smart sockets according to market changes, which can be said to be in line with the development of the times. In 18 years, when the Bulls went public, they were also sued by their peers. This lawsuit delayed the Bull’s listing plan, and the listing was not completed until the beginning of the 20th century. However, the bull performance after the listing is also very strong, in a short period of time, the market value has risen from 50 billion to 155.4 billion at its peak.

to sum up

There are two main reasons why the Bulls can stand out. First of all, the first is to take a fancy to the pain points of the market, differentiate the brand, and allow consumers to bind the quality to the bull, creating a unique brand effect for the bull. The second is focus. In the 25 years of development of the Bulls, it has been focusing on the socket field and has not carried out blind expansion. It is not easy to work hard in a field for so many years, and it deeply interprets the craftsmanship that it is not easy to do a good job.

On the other hand, other brands in this field are doing things in the east and doing things in the west. They meet in all fields but do not have the strength, which leads to not doing anything well in the end. Antarctic people are the most classic representatives among them, and they seem to have become a grocery store. I have to say that there is some truth to the success of the bull.

Illustration. The hack brought down the pipeline, now in its sixth day, and led to panic buying and gas shortages in the Southeastern United States. Colonial said it began reopening its pipeline late Wednesday afternoon, a process that could take days, but declined to comment on the ransom issue. Colonial is working closely with law enforcement, the Department of Energy, and US cybersecurity company FireEye to minimize damage and restore operations. Colonial and government responses to the breach are being closely watched following one of the most direct hacking attacks on US critical infrastructure after years of warnings. Ransomware attacks have increased in number and ransom prices, with hackers encrypting data and seeking cryptocurrency payments to unlock. Investigators in the Colonial case say the malware was distributed by a gang known as DarkSide, which consisted of Russian-speaking people and evaded attack targets in the former Soviet Union. DarkSide previously said that it has no intention of meddling in geopolitics and will be more careful about its affiliates going forward. On Wednesday, the group said on its website that it was “dropping” data from three other victims, including a technology company in Chicago. Officials have so far found no significant connection to the Russian government, concluding instead that the pipeline company that supplies 45% of the US East Coast’s oil was crippled by the attack. ransomware. DarkSide allows “affiliates” to infiltrate targets in different places, then handle ransom negotiation and data release. Two people involved in the Colonial investigation said the man linked in this case was a Russian criminal with no special ties to the government.

Britannia has not served in the royal family since 1997 but has become a tourist attraction in Edinburgh, becoming a monument to the passion and faith of the duke of this land. Prince Philip and Queen Elizabeth stand on the royal yacht Britannia. A royal commentator said the yacht provided the queen and the prince with a private space where they could relax and spend time on it. “It’s like a floating palace but it’s also a house. It’s something they make for themselves. It’s their design, their space, their desire.” The yacht’s penultimate captain, Rear Admiral Sir Robert Woodard recalls how the yacht provided complete privacy for the queen and the royal family for many years. “We need to imagine that Britannia is a very private place for the royal family, and it is run by 260 people who have dedicated their lives to making sure it is safe and comfortable.” Britannia has provided the perfect abode for the British royal family during state visits, official receptions, honeymoons and private royal holidays. Mr. Robert also said that when on the yacht, Prince Philip usually cooks and he will cook anything. “I was quite surprised at what he would cook, sometimes he found an octopus, sometimes a shark,” Sir Robert said. Britannia was launched from the John Brown & Company shipyard in Clydebank, Scotland, on 16 April 1953. For more than 44 years, the royal yacht served the British royal family, traveling over a million nautical miles to return One of the most famous ships in the world. Today, Britannia is a five-star tourist attraction and venue for exclusive evening events in Edinburgh.

Illustration. https://tinhtexaydung.petrotimes.vn The attack resulted in higher gas prices, causing drivers to worry about shortages, while Colonial Pipeline Co. is working to restart the fuel line. However, the price of gasoline sold at pumping stations is higher and the possibility of fuel supply shortage is inevitable. After all, it is only temporary and its effects will be fleeting. But there’s a bigger problem: this has to do with America’s energy infrastructure, exactly how secure is its cybersecurity infrastructure? Experts soon said: The team that carried out this attack consisted of seasoned hackers. Later, a ransomware group called DarkSide claimed responsibility for the attack, and the FBI also pointed to this group as the culprit. Here’s what DarkSide said in its statement: “We are apolitical, we do not engage in geopolitics, do not need to tie us to a defined government, and seek our motives. . Our goal is to make money, and not create any other problems for society. Starting today, we’re introducing censorship and vetting of each company that our partners want to encrypt to avoid future social consequences.” The statement was clearly intended to address allegations made that Russia was behind the attack, but even the White House was careful not to point the finger at Moscow. President Biden said there was no evidence that they were involved in the attack. That’s related to geopolitical motives, but the statement also suggests that DarkSide and its partners won’t stop, even if they don’t intentionally cause problems. “Colonial may be at risk of leaking consignor confidential data,” said Vicki Knott, CEO of CruxOCM, a provider of control room operations services to the oil and gas industry. https://tinhtexaydung.petrotimes.vn

Photo: Menart Anthony Romeo’s work at Menart is in the project of treating waste to make compost at the Industrial and Domestic Solid Waste Treatment Area, Vinh Tan Commune, Vinh Cuu District, Dong Nai Province. This project is implemented by Menart company together with Sonadezi Dong Nai Environment Joint Stock Company. According to Anthony, the design must be based on research and field research. He spent many field trips to examine the actual conditions to build a waste treatment plant and then returned to Belgium, doing design with 3D line technology. The installation is guaranteed to suit the tropical climate of Vietnam. Some details are produced by Menart on the spot, others are sent to Vietnam to request production. Then, the equipment is transported from Belgium to Vietnam, assembled at a waste treatment plant to operate. Meanwhile, at Menart’s manufacturing facility, the company’s engineers are installing and testing the waste sorting and composting equipment. This is the second line that Menart is about to hand over to Sonadezi for deployment in Vietnam. Mr. Mot, an experienced technician, said last year, he was sent to Dong Nai by the company to prepare for the trial operation of the waste treatment plant. He spent 6 months here with Vietnamese colleagues installing lines and training operations to prepare for the factory commissioning in November 2020. Menart is a private company established in 1961 specializing in the design, construction and installation of organic fertilizer production equipment, waste treatment to protect the environment. With a team of highly qualified engineers and technicians, Menart provides equipment and solutions for many fields, especially environmental protection and clean agricultural production. Currently, Menart’s network of operations covers 60 countries in 4 continents including Asia, Europe, Africa and America. Menart’s General Director affirmed his wish to continue expanding cooperation in technology transfer for Vietnamese partners in the field of environment and agriculture. (Photo: Menart) According to Ms. Bérengère Menart, General Director of Menart, the company has been working with Vietnam since the late 1990s in the environmental sector. In Vietnam, Menart supplies equipment for waste treatment plants in Dong Nai, Soc Trang, Kon Tum, Ha Tinh, Thai Nguyen and Ha Nam, to turn waste into compost for agriculture. The composting humus treatment plant at the domestic and industrial solid waste treatment area in Vinh Tan commune, Vinh Cuu district, Dong Nai province is invested by Sonadezi Environment Joint Stock Company and provided by Menart Company. device. The 7.1 ha factory was put into trial operation late last year with a capacity of 450 tons / day, operating 8 hours / day. The operating process consists of 4 main stages: waste classification, aerobic composting, maturation, creating refined humus. About 80% of organic waste received will be treated as compost; about 15% of inert waste, after burning, will be buried in hygienic burial holes; About 5% of nylon bags are recovered, recycled and reused. Inside the workshop (Photo: Menart) At present, Menart continues to complete waste sorting equipment, composting machines, cameras and composting equipment to hand over to Sonadezi to serve the expansion of Vinh Tan waste treatment plant. Ms. Bérengère Menart strongly believes in the prospect of cooperation in this field with Vietnam. “Vietnamese people and local authorities will raise awareness of environmental protection, reduce the amount of untreated waste to the environment, and thus contribute to improving the quality of life,” she said. She affirmed her desire to continue to expand cooperation in technology transfer to Vietnamese partners in the field of environment and agriculture. With projects deployed in Vietnam, Menart is contributing to the local government to solve the waste management and treatment, a hot issue today, due to the rapidly increasing urbanization process. Menart is continuing to complete waste sorting equipment, composting machines, cameras, and composting equipment to hand over to Sonadezi. (Photo: Menart) Quynh Hoa According to Vietnam News Agency

Accordingly, on the group’s website, DarkSide confirmed that it never intended to interrupt the US fuel supply when attacking the network of the Colonial Pipeline company, headquartered in Georgia, USA. The group also said that it will carefully examine its goals in the future, while emphasizing that the group is not affiliated with any governments when the cyber attack takes place because the group is always acting alone. DarkSide wrote on the website: “We are a non-political organization. We are not tied to a government. Our goal is to make money, not to put society in a difficult situation like it is today. in”. “From today, we will carefully examine each company that our partners want to attack to avoid future consequences,” the DarkSide team stressed. The partners the group refers to are “affiliates” of the group, DarkSide said. This group of hackers acts as a company that specializes in providing “hacking services” and is not directly involved in cyber attacks on companies or governments. The team will develop malware for the cyber attacks and negotiate the ransom with the victim, at the request of their partner. One source believes that DarkSide will receive 20-30% of the ransom for its services.

Accordingly, on the group’s website, DarkSide confirmed that it never intended to interrupt the US fuel supply when attacking the network of the Colonial Pipeline company, headquartered in Georgia, USA. The group also said that it will carefully examine its goals in the future, while emphasizing that the group is not affiliated with any governments when the cyber attack takes place because the group is always acting alone. DarkSide wrote on the website: “We are a non-political organization. We are not tied to a government. Our goal is to make money, not to put society in a difficult situation like it is today. in”. “From today, we will carefully examine each company that our partners want to attack to avoid future consequences,” the DarkSide team stressed. The partners the group refers to are “affiliates” of the group, DarkSide said. This group of hackers acts as a company that specializes in providing “hacking services” and is not directly involved in cyber attacks on companies or governments. The team will develop malware for the cyber attacks and negotiate the ransom with the victim, at the request of their partner. One source believes that DarkSide will receive 20-30% of the ransom for its services.

Zoom application icon. (Photo: AFP / VNA) The wave of selling technology shares continues to hit companies with cloud services most, as investors withdraw their capital from these companies. share the strongest increase in the last year. While index Dow Jones is close to record levels, the index of companies providing cloud services is at its lowest level in six months. Stock price of WisdomTree Cloud Computing Fund, a fund that tracks the index of cloud services companies, includes 56 shares, down 2.4%, the seventh day of decrease in the past eight days (as of 10 / 5). Technology stocks began to sell out in February and sold out faster in the past few weeks. The main cause of the market’s diversion is concern about the possibility of an interest rate rise as this will normally negatively impact high-growth firms, combined with the attractiveness of stocks that are often beneficial. so when inflation is as high as finance, goods and industry. Compared to a year ago, the index of cloud services companies fell 15%, while the Dow Jones Index rose 14% and the Nasdaq Composite Index rose 4%. In the last year, a sharp increase in the cloud service provider’s index thanks to an unexpectedly fast transition to remote work, forcing businesses to use products that enable employees to coordinate. remote and access to data stored in data centers. From Zoom for video chat and Twilio to text exchanges to CrowdStrike and Zscaler’s security tools, large businesses have had to buy new technologies for widespread use. Global X analyst Pedro Palandrani, who manages venture funds, says 2020 is a phenomenal year for companies providing cloud services by working remotely. He said it would be a mistake to reopen the economy to stop everyone from using computing solutions. cloud Twilio said last week that the first quarter of 2021 revenue increased 62%, exceeding the forecast of analysts. ServiceNow also outperformed the forecast with a 30% increase in revenue. Zoom had three consecutive quarters of growth of over 300% and an estimated increase of over 175% in the first quarter.