Oracle confirms deal with TikTok owner ByteDance to become ‘trusted technology provider’

September 14, according to Reuters citing people familiar with the matter on the 14th, TikTok parent company ByteDance gave up selling TikTok’s U.S. business and instead decided that Oracle will serve as ByteDance’s technology provider and become its “trustworthy partner. partner”. Full details of the partnership were not disclosed. After the news was announced, Oracle stock resumed trading, up 6.44% to $60.72.

It was also learned from high-level people close to ByteDance that the cooperation between TikTok and American companies is not limited to Oracle, but also includes Walmart: “The cooperation with Walmart is mainly in the direction of e-commerce.”

Earlier, U.S. Treasury Secretary Mnuchin said in an interview with the media that the Treasury Department received a proposal over the weekend that Oracle, as TikTok’s trusted data security compliance partner, represents the resolution of U.S. national security issues. And TikTok will continue to use the United States as its headquarters and create 20,000 jobs for the United States.

In addition, the deadline for TikTok’s final resolution is September 20. Mnuchin said that for TikTok, two procedures are currently underway, one is the review of TikTok by the US CFIUS (Committee on Foreign Investment in the United States), and the other is a national security review based on the presidential executive order. The former deadline is September 15, while the latter deadline is September 20.

It is worth noting that the solution that Mnuchin talked about is Oracle as a data compliance partner, similar to Apple’s data compliance plan in China from Guizhou on the cloud, and does not involve Trump’s previous request for TikTok to sell , nor does it involve TikTok’s core technology transfer.

Domestic News

Lin Bin, vice chairman of Xiaomi Group, sells 350 million shares for up to $1 billion

It is reported that Lin Bin, vice chairman of Xiaomi Group, will sell 350 million shares of the company, with an amount of up to 1 billion US dollars. The sale price is HK$22.55 to HK$22.85 per share, a discount of 2.97% to 4.25% from Monday’s closing price of HK$23.55. After that, Lin Bin will have a five-year lock-up period.

The sale of shares represents approximately 2% of the company’s outstanding Class B shares and 1.5% of its total issued share capital. Lin Bin holds a 2.2 percent stake in Xiaomi, according to data compiled by Bloomberg. Goldman Sachs is the sole bookrunner for the deal. (Sina Technology)

Baidu’s overseas launch of online disk Dubox: 1TB free capacity without speed limit, mainland users are prohibited from accessing

On September 14, according to Weibo digital blogger @Magic Egg Xiaoding, PopIn, a subsidiary of Baidu, has launched Dubox, a network disk product for foreign users, with registration to get 1TB free capacity, and unlimited upload and download speeds.

Baidu’s overseas launch of online disk Dubox: 1TB free capacity without speed limit, mainland users are prohibited from accessing

From the screenshots given by the blogger, Dubox does not seem to have a speed limit, and the measured download speed can reach 33MB/s. However, this service is only for overseas users, and IP access from mainland China is prohibited, and access will show that the current region is unavailable.

It is understood that PopIn is a Japanese native advertising company acquired by Baidu in 2015. It operates its business independently within Baidu’s corporate structure. PopIn mainly provides news media with a content recommendation platform that supports native advertising and focuses on intelligent services. (IT House)

Ali Zoo will add new members?Ali will announce new business for 3 years of secrecy

A number of media received a mysterious invitation letter “Alibaba Zoo, new animals appear on September 16”, and a plum-shaped animal footprint on the invitation letter caused speculation.

It is reported that Alibaba will indeed announce a new business on Wednesday, which belongs to a brand-new track, and has been kept secret in Alibaba for 3 years, and few people inside know about it. Most of Alibaba’s businesses are named after animals. For example, Tmall is a cat, Ant Financial is an ant, Hema Xiansheng is a hippopotamus, and Cainiao is a bird, so they are also called “Ali Zoo” by netizens. “.

Ministry of Foreign Affairs: Do not comment on the specific business behavior of the company, but TikTok is being hunted in the United States

At the regular press conference of the Ministry of Foreign Affairs held on September 14, spokesman Wang Wenbin said when talking about the sale of TikTok’s business in the United States that China has repeatedly stated its position on the TikTok issue. TikTok’s hunting in the United States is a typical government. Coercive transactions.

Wang Wenbin stressed that China is firmly opposed to this. We will firmly support relevant companies in safeguarding their legitimate rights and interests and firmly uphold international economic and trade rules. We urge the US government to provide an open, fair, just and non-discriminatory international business environment for foreign companies to invest and operate in the US.

“As for the specific business behavior of the company you mentioned, we will not comment.” Wang Wenbin said. (Phoenix Technology)

Tencent applied for registration of a number of “WeChat Kids Edition” trademarks

According to news on September 14th, the Tianyancha APP showed that on August 19th, Tencent Technology (Shenzhen) Co., Ltd. applied for the registration of a number of “WeChat Children’s Edition” and “WEIXIN FOR KIDS” trademarks, with the international classifications of “38-communication services” respectively. “41-Education and Entertainment”, “09-Scientific Instruments” and so on.

Previously, it was reported that Tencent is about to release the WeChat Kids Edition. It is reported that the WeChat children’s version has entered the internal testing stage.

Alipay clarifies: there is no app called “Ant Financial Services”, beware of being fooled

Recently, domestic media reported that on September 1, a fraud case occurred in Binjiang Street, Lucheng District. The victim downloaded an “Ant Financial Services” APP through a pop-up window when browsing the web on his mobile phone. He applied for a loan of 30,000 yuan through real-name registration, but the customer service said that his card number was wrong and needed to be recharged for activation. The recharge amounted to 19,000 yuan twice.

As a result, not only was the loan not issued, but the 19,000 yuan that I had recharged myself would not be returned. In this regard, Alipay reminded on its official Weibo tonight: “There is no app called “Ant Financial Services”, please keep your eyes open, tell each other, and be careful.” (Titanium Media)

JD Digits plans to acquire Kuaiqian for 1.6 billion

According to media reports, JD Digital will acquire Kuaiqian from Wanda Finance at a price of 1.6 billion. It is understood that this acquisition intention has been proposed since a few years ago, and has been submitted to the Shanghai central bank a few days ago, and is awaiting approval.

Not long ago, the legal representative of Kuaiqian has quietly completed the change. The newly installed legal representative, Mu Yi, is a senior executive of Shanghai Pudong Development Bank who was poached by Wanda Financial many years ago. It is understood that Mu Yi will focus on promoting this acquisition. For the above news, the two companies did not give a clear response. (Cross Finance)

Dongxin semiconductor has completed the listing guidance and plans to apply for an IPO on the Science and Technology Innovation Board

On September 14, Shanghai Securities Regulatory Bureau today disclosed the announcement of Haitong Securities’ summary report on Dongxin Semiconductor’s counseling work. The report shows that Haitong Securities, as the counseling institution for Dongxin Semiconductor’s IPO on the Science and Technology Innovation Board, provided counseling work for Dongxin Semiconductor, and submitted the counseling filing registration materials to the Shanghai Securities Regulatory Bureau on June 15.

According to the report, the 24nm NAND and 48nm NOR mass-produced by Dongxin Semiconductor are the most advanced flash memory chip processes in mainland China, achieving technological breakthroughs in local memory chips. (Tiger Sniffing Network)

Huawei’s new storage technology innovation center opens in Optics Valley

On September 14, the Huazhong University of Science and Technology-Huawei New Storage Technology Innovation Center was recently opened in Wuhan Optics Valley, Hubei. It is reported that the storage technology innovation center is located in Huazhong University of Science and Technology, and its opening will open a new stage of cooperation between Huawei and Huazhong University of Science and Technology.

According to China Optics Valley, in 2002, Huawei officially entered the storage business. Huawei Storage cooperated with the team of Professor Xie Changsheng of Huazhong University of Science and Technology, and successfully developed a storage prototype one year later. In 2003, Huawei Storage officially started research and development.

It is understood that Huawei’s storage products are widely used in massive data processing scenarios such as human genome sequencing and the processing of tens of millions of operators’ bills. (Tiger Sniffing Network)

Zhou Hongyi: 360 launches a new generation of security capability system in the digital age

On September 14, Zhou Hongyi, chairman and CEO of 360 Group, said at the 2020 National Cybersecurity Publicity Week Summit Forum, “In the digital age, cybersecurity must not only protect the security of networks and systems, but also protect digital infrastructure and smart cities. , the security of the digital economy.”

360 has launched a new generation of security capability system in the digital age. This system takes the safety brain as the hub, and supports 10 major safety operation platforms and capability carriers to form a set of safety infrastructure.

Invest $3 billion in ride-hailing company Grab?Alibaba: No comment

Alibaba Group Holding Ltd. is in talks to invest $3 billion in Southeast Asian ride-hailing giant Grab, according to people familiar with the matter. Alibaba, the sole investor in the round, will use some of the funds to buy some of Uber’s stake in Grab, people familiar with the matter said. The deal could be one of Alibaba’s biggest bets in Southeast Asia since it first invested in Lazada in 2016.

Through the potential partnership with Grab, Alibaba will gain access to the data of millions of users in eight countries, a growing delivery team, and a slice of the digital wallet and financial services space. Alibaba responded by saying: “It has no comment.”

CITIC Group reached strategic cooperation with Alibaba Group and Ant Group

On September 14, CITIC Group, Alibaba Group and Ant Group signed a comprehensive and deepened strategic cooperation agreement in Hangzhou. According to the agreement, the three parties will upgrade business cooperation and establish an inclusive finance and industrial Internet cooperation ecosystem. CITIC Group has the advantages of full financial license and industrial resources. Alibaba and Ant have the ability to deeply integrate new technologies such as cloud computing, blockchain, and artificial intelligence with finance.

This strategic cooperation will realize real-time seamless connection between the scenarios of both parties and financial services. Based on their own data, the two parties will jointly build an intelligent marketing, product, service, and risk control system, and build a digital financial technology ecosystem.

The Ministry of Industry and Information Technology requires 23 apps to be removed from the shelves, including applications such as eggshell apartments

It was reported on September 14 that the Ministry of Industry and Information Technology today ordered 23 apps that violated user rights and interests to be removed from the shelves, including apps such as Danke Apartment. After these apps were notified for rectification, they failed to complete the rectification as required. In accordance with the requirements of laws and normative documents such as the “Cyber ​​Security Law” and “Interim Provisions on the Management of Pre-installation and Distribution of Mobile Smart Terminal Application Software”, the Ministry of Industry and Information Technology has organized the removal of the above-mentioned apps. (product play)

international News

Ming-Chi Kuo: The new iPhone does not support 120Hz, there will be no iPhone 12 tonight

In the early morning of September 15th, at 1:00 a.m. Beijing time on the 16th, Apple will hold a new product launch conference. Tianfeng International analyst Ming-Chi Kuo released the latest report saying that considering the time of mass production and shipment, the new products at this Apple conference will include the new iPad Air and Apple Watch, but not the iPhone.

Ming-Chi Kuo estimates that the mass production and shipment time of the iPhone 12 series will not be until early October at the earliest, and according to Apple’s product rhythm, the launch will not be held until late October. The entire iPhone 12 series will not support the 120Hz refresh rate.

LG Electronics officially released a rotating dual-screen mobile phone, priced at about 5,800 yuan

On September 15, according to Yonhap News Agency, LG Electronics officially released its rotating dual-screen smartphone LG Wing. The LG Wing screen consists of a main screen and a secondary screen. The 6.8-inch main screen is located at the top. If necessary, it can be rotated clockwise to reveal the secondary screen at the bottom, and the dual screens can be used simultaneously in a “T” shape.

In addition, the new phone is equipped with the Snapdragon 765 5G processor, with three rear cameras, the main camera is 64 million pixels, the other two cameras are 13 million and 12 million pixels, and it is also equipped with camera anti-shake “Gimbal Motion” (Gimbal Motion). Features. The CMOS of one of the sub-cameras is rotated 90° to adapt to the use form after the screen is unfolded. The front camera is placed on the top of the fuselage and is designed for a mechanical lift.

It is expected that the LG Wing will be launched in South Korea in early October, and will land in North America and Europe in turn, and the price will be slightly more than 1 million won (about 5,800 yuan). (product play)

Google CEO Pichai: Google will use entirely renewable energy by 2030

Google CEO Sundar Pichai said today that Google aims to become the world’s largest company to commit to ditching coal and natural gas power by 2030 to fully use renewable energy to power its data centers and offices.

That goal, as Pichai describes it, would require Google to go beyond the tech industry’s standards for offsetting “carbon emissions from electricity use,” and would require technological and political breakthroughs to achieve. “The problem is so huge that many of us need to take the lead and show the solution,” Pichai said. “We’re just a part of it, but we can set an example.”

Nvidia CEO: Acquiring ARM is the only chance of a lifetime

On September 13, local time in the United States, Nvidia announced that it agreed to acquire British chip designer ARM from SoftBank for $40 billion. The deal will include $21.5 billion in Nvidia stock and $12 billion in cash.

On September 14, Nvidia CEO Huang Renxun responded that the acquisition of ARM is the only opportunity in a lifetime, it will take a lot of energy and time, but it is confident to respond to regulatory challenges. ARM CEO Simon Seggs said that Nvidia’s acquisition will not change ARM’s investment in the Chinese market, and the Chinese joint venture is very important to ARM.

Musk: Autopilot will be greatly improved, plans to push upgrades to US car owners in mid-December

On September 14, according to the Financial Associated Press, Musk said that Tesla’s autopilot system, Autopilot, will achieve a “quantum leap” improvement. If the test is successful, the upgrade will be pushed to American car owners in mid-December.

This also means that Tesla is getting closer and closer to achieving L5 autonomous driving. (product play)

Tesla partners with other companies to install solar roof tiles

Tesla started working with other companies to install solar roof tiles and deploy new solar products faster. Last October, Tesla introduced the third version of its solar roof tile, now also known as Solarglass, with a significant price drop through optimization and faster installation. (interface)

SoftBank to sell one-third stake in domestic unlimited business to raise 1.2 trillion yen

On September 14, according to Bloomberg News, SoftBank Group will raise about 1.2 trillion yen (about 10.4 billion US dollars) by selling about one-third of its domestic wireless business in Japan, the largest in Japan in a decade. Secondary issue of shares.

SoftBank said it would sell SoftBank shares at 1,204.50 yen per share. Including the over-allotment option, the group will raise a total of about $11.6 billion in fees from the deal, the largest share sale since 2009.

US telecom operator Verizon buys TracFone for $7 billion

On September 14th, according to the Wall Street Journal, the US telecom operator Verizon confirmed that the company will acquire prepaid wireless distributor TracFone for no more than $7 billion in cash and stock, thus making the largest US mobile phone service distributor. into the flag.

Verizon said the deal will include about $3.125 billion in cash and $3.125 billion in Verizon stock. TracFone may receive an additional $650 million in cash payments related to certain performance metrics and other commercial arrangements.

It is reported that Verizon is a US telecom operator and mobile phone distributor with about 120 million customers. And about 13 million of TracFone’s 21 million subscribers are already using Verizon’s network support. Verizon said the deal, which is subject to approval by antitrust and telecom regulators, is expected to close in the second half of 2021. (Titanium Media)

Indian food delivery platform Zomato raises $85 million

According to foreign media reports, India’s Zomato completed a $85 million financing, led by Tiger Global, with participation from Temasek, Baillie Gifford and Ant Financial. This round of financing will be used to complete future M&A plans and prepare for price wars and vicious competition from peers. Food delivery platform Zomato was founded in 2008 and is headquartered in Gurgaon, India. Its business model can be regarded as the Indian version of “Ele.me + Dianping”. The company may conduct an IPO in the first half of next year, and will consider listing in the United States or other markets.

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