Domestic News

Yidao car owners can withdraw cash and then postpone it: the company moved but did not close down

According to news on February 22, the Yidao car owner's terminal showed that car owners' cash withdrawals have been deferred. The platform plans to open offline payment methods. Passengers can pay directly in cash after the order is completed.

In this regard, Yidao said that the current withdrawal problem was caused by Taoyun Capital's own capital flow being affected. Yidao also stated in the description that during this period, as long as the company has cash coming in, it will also start cash withdrawals to car owners in full every day. In addition, the company will open an online cash withdrawal registration channel as soon as possible and open it to all car owners after completing the test. It will also set up an independent entrance for dual-certificate car owners. Car owners can register cash withdrawal information online, and the company will arrange cash withdrawals according to the registration order.

Baidu announced its cloud business revenue for the first time, with a year-on-year increase of more than 100%, ranking third in the country

On February 22, Baidu announced its 2018 fourth quarter financial report, in which Baidu announced for the first time that Baidu Cloud’s fourth quarter revenue reached 1.1 billion yuan, a year-on-year increase of more than 100%, ranking third among domestic cloud vendors.

On December 18 last year, Baidu announced an organizational structure adjustment. The Intelligent Cloud Division (ACU) was upgraded to the Intelligent Cloud Group (ACG), which simultaneously carries the development of AI to B and cloud businesses. At the same time, Baidu Cloud launched OpenEdge, an open source computing platform, to apply AI to smart home devices, wearable devices and other IoT devices. In the just-concluded 2019 CCTV Spring Festival Gala red envelope interaction, Baidu Cloud steadily received 20.8billion red envelope interactions from global viewers.

Foreign News

About next year, Apple may break up with Intel

According to news on the morning of February 22, Apple is planning to abandon Intel in 2020 and switch to using self-developed chips based on the ARM architecture on its Mac series computers. Yesterday, foreign media Bloomberg (Bloomberg) published some news on this. Today, foreign media Axios once again confirmed Bloomberg’s report and stated that multiple sources believe that Apple will start switching to chips based on ARM architecture next year.

In fact, there have been rumors for many years that Apple's Mac computers will use ARM architecture chips. This statement at the time was mostly due to the delay of Intel chips, which led to the delay of Mac products. It must be admitted that although it has lagged behind Qualcomm in the mobile era, Intel's X86 architecture chips still dominate the field of home computers. In addition to Apple, Lenovo, Asus, HP and other manufacturers also have to follow the pace of Intel chips in designing their own products.

Apple and Goldman Sachs plan to jointly issue credit cards with new iPhone features

February 22 news, according to the Wall Street Journal, Apple and Goldman Sachs plan to jointly issue a credit card this spring, equipped with new iPhone features, to help users manage their money. People familiar with the matter said that the card will be tested within the company's employees in the next few weeks and will be officially launched later this year.

The two companies hope to attract cardholders by providing the card with Apple Wallet app features, such as setting spending limits, tracking rewards and managing accounts. The card will use Mastercard's network, and credit card users will receive about 2% cash back on most purchases, with potentially higher returns on Apple products.

The parent company of South Korea’s largest gaming company Nexon plans to sell the transaction value may reach 9 billion US dollars

According to foreign media reports on February 22, South Korean technology companies Netmarble, Kakao and private equityfund MBK Partners have submitted preliminary offers to acquire the parent company of Nexon, South Korea’s largest gaming company.

It is reported that U.S. private equity firms are also bidding for Nexon parent company NXC Corp. Nexon founder Kim Jung-ju hopes to sell 98.64% of the shares in NXC held by him, his wife and other parties. The deal could be worth as much as $9 billion. Both Netmarble and Kakao have received support from the Chinese social media and gaming giantTencent’s investment. Both companies have expressed interest in gaining control of Nexon, South Korea’s largest gaming company. NXC, Netmarble, Kakao, MBK Partners and Tencent all declined to comment on the above reports.

Financial Investment

Panda Star Kitchen takes the lead in completing US$50 million Series C financing

According to news on February 22, shared kitchen Panda Star Kitchen officially announced the completion of Series C financing, led by international fund organization Tiger Global. At the same time, this is also the first Series C financing in the shared kitchen field. It is understood that after this round of financing, Panda Star Kitchen’s total assets will reach US$80 million. This financing will be mainly used to expand the domestic shared kitchen business and strengthen the construction of merchant service business.

At present, in addition to space operation services of venue and equipment rental, Panda Star Kitchen has also redefined itself as a "catering comprehensive service operator", winning catering brands through high-quality services and market share. It covers a variety of catering business formats such as catering groups, chain stores, and single catering stores. Well-known catering brands settled include Haidilao, Baman Beef Noodles, Zhen Kung Fu, Luckin Coffee, etc.

On-demand delivery startup DoorDash received US$400 million in Series F financing, with a valuation of US$7.1 billion

On February 22, it was reported that DoorDash, an on-demand food delivery company, completed a US$400 million Series F financing, with a post-money valuation of US$7.1 billion. Earlier this month, reports surfaced that the company was looking to raise $500 million at a valuation of $6 billion or higher. The funds will be used to continue investing in DoorDash Drive, the DashPass subscription service, and additional hiring.

This round of financing was invested by Temasek and Dragoneer Investment Group, and existing investors include SoftBank Vision Fund, DST Global, Coatue Management, GIC, Sequoia Capital and Y Combinator. DoorDash CEO Tony Xu said the funding round "reflects the company's exceptional performance over the past year." The company is currently experiencing 325% year-over-year growth. Recent data also shows that DoorDash has surpassed Uber Eats in the US online food delivery market - DoorDash is now ranked second, behind Grubhub.