Summary of last week's important news:

Everyone's insurance group publicly listed for the transfer of a huge stake. The investment pace of Softbank Corp. 's second Vision Fund has been greatly accelerated. Intel Corp is studying the $30 billion acquisition of GE Core. HUYA Inc. and DouYu International Holdings Limited signed an agreement to terminate the merger. XIAOMI surpassed Apple Inc in mobile phone sales to become the second in the world for the first time. Tencent plans to reward employees with shares worth 1.1 billion yuan. Apps that compete with DiDi Global Inc. are competing to attract drivers and users. Blue Origin is licensed to go into space. Zhang Jindong resigned as chairman of SUNING. Chinese Pharmaceutical Group COVID-19 vaccine has been approved for emergency use in people between the ages of 3 and 17.

1 everyone insurance group listed to transfer a huge amount of equity

Everyone's insurance group publicly listed for the transfer of a huge stake. On July 16, the China Insurance guarantee Fund publicly transferred 98.78% of the shares of everyone Insurance Group at the Beijing Financial assets Exchange. According to the announcement, the reserve price of the equity transfer is 33.5695195 billion yuan, and the listing period ends on August 12, 2021. The 98.78% equity transfer of everyone Insurance Group includes not only all the shares held by the China Insurance Security Fund, but also the 0.55% stake held by Petrochina Chemical Group. Petrochina Chemical Group entrusts the synchronous transfer of China's insurance guarantee fund. According to the announcement, this equity transaction adopts an one-time payment method.

Brief comment: everyone Insurance Group was formally approved and established on July 11, 2019, and transferred Anbang Life Insurance, Anbang pension and Anbang assets management shares in accordance with the law, and set up everyone's property insurance to undertake the compliance insurance business of Anbang property insurance.

2 the investment pace of Softbank Corp. 's second Vision Fund has been greatly accelerated.

In the second quarter of this year, Softbank Corp. 's second Vision Fund (Vision Fund) injected about $13 billion into more than 50 companies, marking a significant acceleration in its investment pace. Publicly disclosed data show that the fund invested less than $2 billion in fewer than 24 companies in the first three months of this year. Many of the fund's latest investments have not yet been publicly announced. The first $100 billion vision fund is known for its multibillion-dollar stakes in companies such as Chinese ride-hailing app DiDi Global Inc. and flexible office company WeWork, subsidizing these companies as they struggle with competitors in large markets and suffer huge losses.

Summary: recently, Yanolja, a South Korean online travel and leisure company, has received an injection of 2 trillion won ($1.74 billion) from Softbank Corp. Vision Fund. Yanolja, which provides cloud-based reservations and other systems for hotels and travel companies, said demand for its systems had risen sharply as the COVID-19 epidemic spread and companies were under intense pressure to introduce contactless services and cut costs. It also allowed the company to achieve a rare surge in earnings against the backdrop of the overall downturn in tourism over the past year. The deal is expected to value it at much more than $1 billion in 2019.

3 Intel Corp is studying the acquisition of GE Core for 30 billion US dollars.

Intel Corp is studying a deal to buy Globalfoundries, a move that will boost the semiconductor giant's plans to produce more chips for other technology companies, making it the biggest acquisition in its history. The deal could value Gexin at about $30 billion. But there is no guarantee that it will succeed, and GE Core may conduct an IPO as planned. GE Core is owned by Mubadala Investment, the Abu Dhabi government investment agency, but is headquartered in the United States. The negotiations do not seem to include GE Core itself, which did not negotiate with Intel Corp.

Brief comment: according to industry sources, it is unlikely that Intel Corp will acquire the grid core, because the grid core is more focused on the manufacturing capacity of mature and professional technology, which runs counter to Intel Corp's ambition to regain its leading position in advanced manufacturing.

4 HUYA Inc. and DouYu International Holdings Limited sign agreement to terminate the merger

According to the decision of the General Administration of Market Supervision, HUYA Inc., DouYu International Holdings Limited and Tencent signed a termination agreement on July 12, 2021, and the merger agreement signed by the three parties on October 12, 2020 was terminated immediately. The six-month strategic merger, brokered by Tencent, could have created China's largest live game platform. On July 10, the General Administration of Market Supervision announced that it banned the merger of HUYA Inc. and DouYu International Holdings Limited for anti-monopoly reasons, which is also the first phase of banned investment mergers and acquisitions in the Internet industry.

Brief comment: unlike this, the State Administration of Market Supervision and Administration issued a notice on July 13, unconditionally approving Tencent's acquisition of Sogou. It has been a year since Tencent launched a takeover offer for Sogou in July last year. Tencent buys Sogou, what complements is search business, in search domain, Tencent does not have monopoly situation.

5 XIAOMI's mobile phone sales ranked second in the world for the first time.

Global smartphone shipments increased by 12% in the second quarter of 2021, according to a report by market research firm Canalys. Samsung accounts for 19% of total shipments. XIAOMI ranks second for the first time in history, with a market share of 17%. Apple Inc ranked third with a 14% share, while Vivo and Oppo maintained a strong growth momentum into the top five.

Brief comment: Lei Jun, founder and CEO of XIAOMI Group, issued a letter saying, "XIAOMI has become the second in the world for the first time. This is a fantastic achievement and a major milestone in the history of XIAOMI's development." "

6 Tencent plans to reward employees with shares worth 1.1 billion yuan

Tencent announced on the Hong Kong Stock Exchange on July 14 that the board had decided to issue a total of about 2.4 million new shares. Under the share Award Scheme, it is proposed to grant a total of about 2.4 million award shares to not less than 3300 award holders. The purpose of this issue is to reward the contributions made by these people, and to attract and retain the talents needed by Tencent for sustainable operation and development. At the price of HK $565 per share of Tencent, the total value of 2.4 million Tencent shares is about 1.36 billion Hong Kong dollars, or about 1.121 billion yuan. Based on the calculation of 3300 employees, each person will receive an average of 340000 yuan.

Brief comments: prior to this, JD.com officially announced that it would gradually increase the average annual salary of employees from 14 to 16 in two years from July 1, 2021 to July 1, 2023, a direct salary increase of two months before July 1, 2021.

7 applications that compete with DiDi Global Inc. compete to attract driver users

Competing apps are scrambling to attract drivers and users as DiDi Global Inc., China's ride-hailing market leader, has been overhauled after listing in New York for cyber security reasons. T3, a taxi-hailing app built by three large Chinese state-owned automakers, including FAW Group, has announced plans to expand to 15 cities. Meituan re-launched the online ride-hailing platform that went offline in 2019 and offered drivers a reward of 100 yuan to join the network. Cao Cao, a ride-hailing app owned by Geely, recently cut the price of electronic coupons that offer discounts and discounts to users by nearly 1/3.

Brief comment: on July 16, the State Internet Information Office, together with the Ministry of Public Security, the Ministry of State Security, the Ministry of Natural Resources, the Ministry of Transport, the State Administration of Taxation, and the General Administration of Market Supervision, jointly stationed in DiDi Global Inc. Travel Technology Co., Ltd., to carry out network security review.

8 Blue Origin gets a license to go into space

The Federal Aviation Administration (FAA) has approved the issuance of a license for the Blue Origin (Blue Origin) company to carry humans into space with the New Shepard (New Shepard) launch system. Jeff Bezos, former chief executive of Amazon.Com Inc, plans to fly to the edge of space during Blue Origin's first manned flight on July 20th. FAA confirmed that the Blue Origin license is valid until August, during which manned voyages can be carried out, and the company is allowed to carry out these tasks at its launch site 1 facility in Texas.

Summary: blue Origin, a space flight company owned by Bezos, said that the live broadcast of space flight activities on July 20 will begin at 06:30 in the US central time zone (CDT). The space flight will last for 11 minutes, and the spacecraft will take Bezos 99 kilometers from Earth and "touch" to the edge of space. The ship will have a total of four passengers, in addition to Bezos and his brother Mark Bezos.

9 Zhang Jindong resigned as chairman of SUNING

SUNING issued a notice that Zhang Jindong resigned as chairman of SUNING, vice chairman Sun Weimin and director Meng Xiangsheng resigned from the board of directors together. Prior to the appointment of the new chairman, Ren Jun will temporarily perform the post of chairman. The board of directors unanimously agreed to appoint Mr. Zhang Jindong as honorary chairman of the company. According to the announcement, Huang Mingduan was nominated as chairman of the Strategy Committee of the next board of directors. The detailed rules for the work of SUNING's board of directors clearly stipulate that the chairman of the Strategy Committee shall be the chairman. Huang Mingduan, a Taiwanese in China, has been appointed Chairman of the Board of Directors of Gaoxin Retail since October 17, 2020.

Brief comment: Zhang Jindong sent an open letter to employees saying that retail is a marathon with no end and there is a long way to go. Over the past decade, I have been thinking about this issue. I think it is inseparable from a continuously leading business model, a more modern governance mechanism, and the continuous emergence of groups of young talent. SUNING has also been moving towards this goal.

10 Chinese medicine COVID-19 vaccine approved for use in people aged 3 to 17 years old

Sinopharmaceutical Group China Biology Beijing Institute of Biological products novel coronavirus inactivated vaccine has been approved for emergency use in people aged 3 to 17 years old. China's new inactivated crown vaccine has been officially approved for emergency use in this age group. Children and adolescents are the key groups in the construction of immune barrier. After China National Pharmaceutical Group obtained conditional approval for the listing of the new biological crown inactivated vaccine, following adult use, it continued to carry out expanded clinical trials for people aged 3 to 17. The safety and effectiveness data of more than 60,000 people were demonstrated by experts. The vaccine was officially approved for emergency use in this age group.

Brief comment: a few days ago, Fosun Industry, a subsidiary of Shanghai Shanghai Fosun Pharmaceutical Group, has signed a sales agreement for mRNA COVID-19 vaccine with Taiwan Semiconductor Manufacturing Co Ltd, Hon Hai and Yongling Foundation. Under the agreement, Fosun will sell a total of 10 million doses of the vaccine to the purchasers. In March 2020, Shanghai Shanghai Fosun Pharmaceutical signed an agreement with the German company BioNTech to participate in the research and development of mRNA COVID-19 vaccine and has exclusive commercial rights and interests in Chinese mainland and Hong Kong, Macao and Taiwan.