Home » Big company Morning Post | Online education continues to layoffs, Kuaishou 3.88 billion stocks will soon be lifted, stock prices plummet_Adjustment

Big company Morning Post | Online education continues to layoffs, Kuaishou 3.88 billion stocks will soon be lifted, stock prices plummet_Adjustment

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Original title: Big Company Morning Post | Online education continues to lay off large numbers of employees, Kuaishou 3.88 billion stocks will soon be lifted, stock prices plummet

(Finish/Lu Siye)

Today is Friday, August 6, and these major events have occurred in the past 24 hours: ByteDance’s vigorous education transformation, Guagualong layoffs more than 50%, and some businesses have been abandoned; JD Retail has completed a new round of personnel adjustments; BYD Or it will supply Tesla with “blade batteries”…

First look at the Internet company dynamics:

ByteDance responds to vigorously educate a large number of layoffs: not all the education sector has been cut

ByteDance’s education brand Vigorous Education started layoffs on August 5th. In response to the screenshot on the Internet saying that “All Byte Education has been cut”, ByteDance responded: The news is untrue. Subsidiary projects such as Guagualong, Qingbei Online School, and Youpai I have all begun to implement the n+2 compensation plan, and some personnel have been transferred or invested in new projects.

According to LatePost reports, Dali Education is undergoing a new round of adjustments: Guagualong, who provides AI animation courses to children aged 3-8, has started to abolish tutors, and plans to abolish more than 50% of the tutors of the experience class by the end of August; Xiang 3 -You take one, which provides thinking animation courses for 12-year-old children, and GOGOKID, a foreign teacher English one-to-one service for children aged 4-12, has also been removed from the app and will cease operations.

Gaotu CEO Chen Xiangdong responded to layoffs of tens of thousands of employees: the company’s organizational structure adjustment is inevitable

It is reported that the day after the “double reduction” opinion was issued, Chen Xiangdong, the founder and CEO of Gaotu Group, convened a meeting with the management and set a target for layoffs, involving tens of thousands of people. The equivalent of 1/3 of Gaotu will leave. On August 4, Chen Xiangdong told the media: “Slow down and pay attention to the inside.” He did not respond to the specific number of layoffs, but a large-scale organizational restructuring is inevitable. Gaotu’s 15 regional centers across the country will only leave Shanghai, Zhengzhou, Wuhan, Chengdu, and Taiyuan as well as five headquarters in Beijing. (21st Century Business Herald)

Pea Thinking responded to the alleged violent layoffs: the company had to adjust its business lines and shrink some positions

Wangdou thinking online is accused of violent layoffs, the target involves almost all positions, the rate of layoffs is as high as 70%-80%. In this regard, on August 5, Pea Thinking officially issued an announcement stating that recently, affected by the “double reduction” policy, the education and training industry is undergoing adjustment and transformation. Under policy requirements, the company had to adjust its business lines and shrink some positions. Pea Thinking has brought a bad experience to the partners, apologizes, and will continue to communicate with employees friendly.

JD Retail’s new round of personnel adjustments aimed at developing POP business

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Recently, JD Retail Group completed a new round of personnel adjustments. Feng Yi, the former president of the omni-channel business group of the Supermarket, was transferred to the fashion home business group as the president, reporting to JD Retail CEO Xu Lei, and the former president of the fashion home business group Zhao Yingming changed to Feng Yi. The fashion home furnishing business group within JD.com has been focusing on category development based on POP open platforms, including fashion, beauty, toplife and other businesses. It is also responsible for the growth of JD’s third-party business. This time he was transferred to the president of the fashion home furnishing business group. Insiders believe that Xu Lei’s recognition of Feng Yi’s work ability. (36 Krypton)

Kuaishou 3.88 billion shares lifted, stock price plummeted 15.3% and hit a new low for listing

On August 5, according to documents, Kuaishou will have 3.882 billion shares lifted from the ban, accounting for 94.81% of the post-issuance share capital. Kuaishou’s stock price fell 15.3% to close at 89.1 Hong Kong stocks/US stocks, a record low for listing. Kuaishou’s placement offer price was 115 Hong Kong dollars when it was listed, and its opening price was 338 Hong Kong dollars per share. Compared with the highest point of 417.8 Hong Kong dollars per share, a drop of more than 78%. At present, the total market value of Kuaishou is 47.7 billion US dollars.

Tencent resumes WeChat new user registration

On August 5th, Tencent resumed the registration of new users of WeChat and new users of the official account from today. Prior to this, on July 27, the WeChat team issued a document stating that security technology upgrades were in progress, and the registration of new users of WeChat personal accounts and public accounts was suspended during this period. The upgrade is expected to be completed in early August, and registration will be resumed after the upgrade is completed.

Ele.me established a takeaway rider fund to provide assistance to rider families

Ele.me and the China Charity Federation established the “Blue Rider Fund”, investing more than 10 million yuan a year to help rider families. If the rider’s spouse, children, or parents encounter a major illness, they will provide an annual assistance fund of 20,000 to 50,000 yuan; the children of the subsistence household can apply for stipends throughout the education stage, with a limit of 600 yuan/academic year/person— 5000 yuan/academic year/person.

It broke the news that Taobao 88VIP will access QQ Music membership rights in September

Recently, a user on the Maimai platform said that an Alibaba insider confirmed to him that Taobao 88VIP will be connected to QQ Music in September, further increasing the association. Judging from the internal PPT released by him, Taobao 88VIP has added a “one-to-one exclusive butler” service this month, and will also provide “privacy protection”, “speed refund”, “QQ music membership”, and “Mango TV” in September. “Membership” and other services.

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Next is the dynamics of other big companies:

Ruixing responded that it has achieved overall profitability: no comment, subject to the financial report

Some media said that Luckin Coffee started to achieve the group’s overall profit in May this year, and in May and June this year, it achieved an overall profit of tens of millions of yuan, which means that Luckin Coffee has completed this year’s annual goal ahead of schedule. According to people familiar with the matter, the raw coconut latte exploded to speed up the profitability process. At that time, all the stores were already profitable. In this regard, Ruixing said that it would not comment, and the financial report shall prevail.

Hammer Digital Technology Co., Ltd. was filed for bankruptcy, make a friend: Luo Yonghao is still actively repaying debts

According to Tianyan Check, on August 5, Beijing Hammer Digital Technology Co., Ltd. added bankruptcy and reorganization information, and the applicant was Xingxing Precision Technology (Shenzhen) Co., Ltd.

A friend’s live broadcast room responded, “We have reached a settlement with the creditor on June 4 and are proceeding with debt settlement in accordance with the settlement agreement. The creditor’s application for company bankruptcy has been withdrawn. Due to delays in the court system, now Only updated. Teacher Luo Yonghao is still actively working hard to make money and actively repay the debts for the company as planned. Please rest assured!”

BYD may supply “blade batteries” to Tesla

On August 5, the Financial Associated Press learned from a number of people familiar with the matter that BYD is about to supply “blade batteries” to Tesla in the second quarter of next year. The Tesla models currently equipped with “blade batteries” have entered the C-sample test phase. In this regard, BYD said it “does not comment.”

Ideal car responds to the owner’s lying flat driving: resolutely oppose the wrong use of assisted driving systems

Recently, there is a video on the Internet showing that in an ideal car with the main driver and co-driver seats completely flat, someone is lying on the car, and the auxiliary driver is allowed to control the vehicle. In response, Ideal Car responded: noticed that some car owners mistakenly used Ideal Car’s assisted driving system when using seat belt buckles and other dangerous devices. In this case, Ideal Car resolutely opposes it and requires all car owners to follow the correct Ways to use the driving assistance system, do not leave the steering wheel with your hands while the vehicle is driving.

Huang Ou, President of Shanghai Electric, suddenly passed away at the age of 50

On August 5, Shanghai Electric announced that the company’s executive director and president, Mr. Huang Ou, had unfortunately passed away on the same day. The specific reason for his death has not been announced. According to public information, Huang Ou was born in March 1971 and is only 50 years old this year.

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On July 27 last week, Shanghai Electric announced that Zheng Jianhua, the chairman and chief executive officer and legal representative of the company, was suspected of serious violations of discipline and law and is currently undergoing disciplinary review and supervision and investigation by the Shanghai Municipal Commission for Discipline Inspection. Subsequently, on July 29, the company’s board of directors agreed to remove Zheng Jianhua from the positions of chairman of the fifth board of directors, chairman and members of the strategy committee, and chief executive officer.

Yonghui Supermarket: Appoint Li Songfeng as CEO to comprehensively promote digital transformation

Yonghui Supermarket announced that Li Guo applied to resign as CEO and the company plans to appoint Li Guo as chairman of Fuping Yunshang Supply Chain Management Co., Ltd. The board of directors deliberated and passed the resolution (7 votes in favor, 1 vote against, and 0 abstentions), appointing Li Songfeng as the company’s chief executive officer, and comprehensively promoting the company’s digital transformation. Li Songfeng was a senior director of Jingdong Group and CTO of Yonghui Supermarket.

Kexing will submit an application for emergency use of Delta strain vaccine

Since the emergence of the new coronavirus delta variant (Delta) in India in 2020, it has now spread to more than 130 countries and regions around the world. All parties are working hard on this variant with high viral load, short incubation period, and rapid spread. Promote vaccine research and development. “Kexing will also submit clinical research and emergency use applications for the Gamma strain of Kellyford and Delta strain of Kellyford to the national drug administrations in the near future.” August 5, Director of Kexing Holding Biotechnology Co., Ltd. Chang Yin Weidong revealed.

On the same day, Kangtai Biologicals (300601.sz) publicly announced that the company has made important progress in its vaccine research and development project for the new coronavirus variants, and has successfully isolated multiple monoclonal strains of delta variants.

SMIC: Net profit in the second quarter was US$687.8 million, a year-on-year increase of 398.5%

SMIC Hong Kong stocks announced that in the second quarter of 2021, revenue was US$1.34 billion, a year-on-year increase of 43.2%; net profit in the second quarter was US$687.8 million, a year-on-year increase of 398.5%. The gross profit margin in the third quarter is expected to be 32% to 34%, and the market estimate is 23.7%. Under the premise of a relatively stable external environment, the company’s annual sales revenue growth target and gross profit margin target have been raised to about 30%. Due to depreciation and dilution, it is expected that the adverse impact of advanced manufacturing processes on the company’s overall gross profit margin this year will drop to about 5%. Return to Sohu to see more

Editor:

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