Tech News Roundup May 24, 2024

Tech Last Night and This Morning time, hello everyone, now is Friday, May 24, 2024, and the important tech news today is as follows:

1. Market value exceeds Alibaba again, and Chen Lei, chairman of Pinduoduo, says welcome benign competition among peers

Pinduoduo recently released its first-quarter financial report for 2024. The first-quarter revenue was 86.81 billion yuan, and the market estimated 76.86 billion yuan, with a year-on-year increase of 131%. Affected by this news, Pinduoduo's pre-market soared by more than 7% on the 22nd, and the total market value reached 215 billion US dollars, once again surpassing Alibaba.

Chen Lei, chairman and co-CEO of Pinduoduo, said in the subsequent earnings call conference that from the perspective of industry competition, consumers have formed the habit of cross-platform consumption, and consumers will comprehensively compare among different platforms in terms of product categories, prices, service quality, etc., and then make choices.

Chen Lei said: In the face of such a trend, we saw that peers significantly increased their investment in the first quarter. Pinduoduo welcomes benign competition. In the face of competition, our starting point is to create value for consumers. >>View details

2. The real car photos of the new M7 Max Refresh version of AITO Wenjie are exposed: jointly designed by Huawei, and it will be officially launched on May 31

The new M7 Max Refresh version of Wenjie will be officially launched on May 31. The new car has started booking last week, and the pre-sale price starts from 298,000. >>View details

3. Evergrande Automobile late-night announcement: Required to return about 1.9 billion yuan in reward subsidies

Evergrande Automobile released a Hong Kong Stock Exchange announcement late on May 22. Due to failure to fulfill the investment cooperation agreement as stipulated, the relevant affiliated companies of Evergrande Automobile were required by the relevant local administrative departments to terminate the agreement and return about 1.9 billion yuan in reward subsidies. >>View details

4. Xiaomi Automobile welcomes a bigwig in intelligent driving. The news says that the former CTO of TuSimple China, Wang Naiyan, will join

36Kr Automobile reported that the former CTO of TuSimple China, Wang Naiyan, will join Xiaomi Automobile and report to Ye Hangjun, chairman of the Xiaomi Technology Committee and head of Xiaomi's autonomous driving. >>View details

5. The market value of NVIDIA approaches 2.6 trillion US dollars, exceeding the total market value of all German listed companies

NVIDIA released the first-quarter report of fiscal year 2025 as of April 28, and all data comprehensively exceeded the expected state. NVIDIA's intraday increase reached 10%, and it has increased by 110% so far in 2024, and the total market value approaches 2.6 trillion US dollars. It is worth noting that the market value of NVIDIA has now exceeded the sum of all German listed companies. >>View details

6. Apologize for three days after opening the server for three days: There is a team formation bug in the DNF Mobile Game, and it will stop the server for repair

The DNF Mobile Game issued an apology again on May 23, admitting that there is an abnormal problem of dropping out in the team formation gameplay, and it will start a server shutdown maintenance again on May 24 to repair this problem. >>View details

7. Lei Jun: Xiaomi Automobile will deliver at least 100,000 units this year and sprint to 120,000 units

Lei Jun, the founder, chairman and CEO of Xiaomi, tweeted on May 23 that at the Xiaomi quarterly analyst meeting, Xiaomi shared some news about Xiaomi Automobile, including opening double shifts in the factory in June, and delivering at least 10,000 units that month. Deliver at least 100,000 units this year and sprint to 120,000 units. >>View details

8. Guo Mingxi: It is expected that Apple will launch a MacBook with a foldable screen in 2026, and the price is comparable to VisionPro

Previously, analyst Guo Mingxi once said that Apple plans to launch a MacBook device with a 20.3-inch foldable screen in 2027. On May 23, he also shared some important new details about this futuristic MacBook, one of which is that Apple will advance the launch time to 2026. >>View details

9. The OPPO Reno12/Pro mobile phone is released: adopts a four-curved soft-edge straight screen, starting from 2,699 yuan

On the afternoon of May 23, OPPO officially released the OPPO Reno12 series mobile phones, which adopt a four-curved soft-edge straight screen, starting from 2,699 yuan. The OPPO Reno12 series is all equipped with the Tianji Star Speed Engine. The Pro version supports the 120-frame ultimate picture quality of Honor of Kings, and is the first to adapt to the high-picture-quality game Nishuihan. >>View details

10. Xiaomi Group's Q1 revenue in 2024 is 75.5 billion yuan, with a year-on-year increase of 27%, and the delivery target of SU7 next month exceeds 10,000 units

Xiaomi Group announced on May 23 that in the first quarter of 2024, the company's total revenue reached 75.5 billion yuan, with a year-on-year increase of 27%; the adjusted net profit was 6.5 billion yuan, with a year-on-year increase of 101%. >>View details

11. The world's first, breaking the ARM monopoly! China releases the chip NoC IP Wenyu River

On May 23, the Beijing Open Source Chip Research Institute (referred to as the Open Core Institute) officially announced that on May 21, 2024, the Open Core Institute released the world's first open large-scale on-chip interconnect network (Network on Chip, NoC) IP - the R & D code name Wenyu River through an online meeting. This major breakthrough marks a solid step forward for the Open Core Institute in promoting the development of data center server chip technology. >>View details

12. BYD's Zhou? The spy photos of the new Dynasty MPV model are exposed, with a length of more than 5 meters and a wheelbase of more than 3 meters

The blogger @Hurricane Electric Society recently shared a group of BYD MPV spy photos, saying that this car may have originally been named Tang Max, and the naming has recently changed and may be named Zhou. This is a medium and large MPV in the Dynasty series. Its body length is more than 5 meters, and the wheelbase is more than 3 meters, mainly focusing on the 7-seat layout. >>View details

13. Launch the unified interconnection technology standard of the first OpenHarmony device! The OpenHarmony Developer Conference 2024 will be held this Saturday, and Huawei's Yu Chengdong will deliver a speech

The OpenHarmony Developer Conference 2024 will be held on May 25 (this Saturday), and the official announced the agenda of the Developer Conference 2024 on May 23. >>View details

That's all for today. Tech Last Night and This Morning, see you tomorrow.

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