1. Lenovo claimed that Liu Chuanzhi's salary of 100 million was seriously untrue.

Lenovo Holdings said that the online rumor that "Mr. Liu Chuanzhi's salary is about 100 million yuan after retirement" is seriously untrue. On December 31, 2019, Liu Chuanzhi retired from Lenovo Holdings and ceased to hold the position of director and management of the company. he was the honorary chairman, senior consultant and member of the strategy committee of the company. Mr. Liu Chuanzhi will no longer receive salary from Lenovo Holdings since 2020, including salary, bonus, medium-and long-term incentives, etc.

Brief comment: recently, Lenovo Group Limited withdrew Science and Technology Innovation Board's listing application and attracted all kinds of speculation.

2. Huawei officially established four legions

Huawei recently issued an internal document to formally establish the Customs and Port Legion, the Smart Highway Corps, the data Center Energy Legion and the Intelligent Photovoltaic Corps. This is also the second time that Huawei has formed a legion organization after the establishment of the Coal Mine Corps. The heads of the four newly established legions have also been appointed, including Yang Yougui as CEO of the data Center Energy Corps, Chen Guoguang as CEO of the Intelligent Photovoltaic Corps, Xun Sui as the CEO of the Customs and Port Legion, and Ma Yue as the CEO of the Smart Highway Legion. It is reported that the Legion organization and Huawei operator BG, enterprise BG, consumer BG belong to the same level, but the mode of operation is not the same.

Brief comments:Huawei is actively looking for new growth opportunities amid a sharp decline in consumer business.

3. Chip shortage iPhone production target may be lowered

Apple Inc (Apple) is likely to cut its 2021 iPhone 13 production target by as much as 10 million because of chronic chip shortages in its flagship products. Apple Inc had expected to produce 90 million new iPhone models in the last three months of this year, but the company is now telling manufacturing partners that total production will be reduced as Broadcom Ltd and Texas Instruments Inc are trying to deliver enough components. Apple Inc is one of the world's largest chip buyers, but even with strong purchasing power, it is grappling with supply disruptions that have wreaked havoc on industries around the world.

Brief comment: the impact of chip shortage has spread to more large enterprises.

4. Microsoft Corp will adjust LinkedIn's China strategy.

Microsoft Corp (Microsoft) will adjust LinkedIn's China strategy. Microsoft Corp will launch a job search website InJobs in China, but it does not have LinkedIn's social function. The new strategy in the Chinese market is to focus on helping Chinese professionals find jobs and help Chinese companies find qualified candidates, Microsoft Corp said in a statement. LinkedIn entered China in 2014 and is a workplace-oriented social platform. In March this year, LinkedIn announced that it would suspend the registration of new members in China.

Summary: although LinkedIn will continue to do business in China, social functions will no longer exist.

5. The registered capital of Ant Group increased by 50%.

Ant Group, the Chinese financial technology giant under reform, recently increased its registered capital to 35 billion yuan, an increase of nearly 50 percent from the 23.78 billion yuan disclosed when it was preparing to go public last year. The change of registered capital comes from the conversion of capital reserve to equity, the company does not carry out market-oriented financing, and there are no new investors. Ant Group's IPO (initial public offering) was suspended at the end of last year and has since overhauled its core businesses such as payment and micro-loans under regulatory requirements, including the need to interconnect Alipay with other payment services and transfer micro-loans to consumer finance companies.

Brief comments:The act of increasing shares this time will effectively increase the total number of shares of Ant Group and reduce the value per share accordingly.

6. 19 domestic systemically important banks were selected.

Based on the 2020 data, the people's Bank of China and the Bancassurance Regulatory Commission assessed and identified 19 domestic systemically important banks, including 6 state-owned commercial banks, 9 joint-stock commercial banks and 4 urban commercial banks. The system importance scores were divided into five groups from low to high: group 1, Ping an Bank, Everbright Bank, Huaxia Bank, Guangfa Bank, Ningbo Bank, Bank of Shanghai, Bank of Jiangsu, Bank of Beijing; Group 2, Pudong Development Bank, China CITIC Bank Corporation, China Minsheng Banking Corp, Postal Savings Bank of China; Group 3, Bank of Communications, China Merchants Bank, Industrial Bank The fourth group has 4, Industrial and Commercial Bank of China, Bank of China Ltd., China Construction Bank Corporation, Agricultural Bank Of China; the fifth group has no banks to enter.

Brief comments: the grouping thinking and additional regulatory regulations of the 19 domestic banks are basically similar to the logic of international supervision.

China Evergrande New Energy Vehicle said that the first car of Hengchi will be off-line early next year.

China Evergrande New Energy Vehicle Strategic Partnership Conference was held in Tianjin production base on October 11th. Liu Yongzhao, president of China Evergrande New Energy Vehicle, said that China Evergrande New Energy Vehicle has launched a three-month battle to ensure that Hengchi's first car will be offline at the Tianjin factory early next year. To this end, the company has mobilized core R & D teams and technical elites from Shanghai, Guangzhou, Shenzhen and other places to support, and the Tianjin base has been transformed into a domestic first-class industrial 4.0 high-end intelligent factory. The supplier representatives attending the meeting expressed their belief that China Evergrande New Energy Vehicle can quickly get out of the dark moment and is willing to work together to ensure that the relevant spare parts are completed on time and in quality and quantity, and to ensure that the first car of Hengchi in Tianjin factory is offline.

Brief comment: although Evergrande's cars cannot be called out, we still hope that Evergrande can tide over the difficulties.

Tesla, Inc. sold more than 50, 000 vehicles in China in September

Tesla, Inc. China set a new monthly sales record of 56000 vehicles in September, up 27 per cent from a month earlier and 394 per cent year-on-year, according to the Federation of passengers. Of the 56006 cars sold by Tesla, Inc. in China in September, 52153 were delivered to domestic car owners. Of these, 33033 Model Y models have been sold in China. As of September, Tesla, Inc. China had sold more than 300000 vehicles in 2021. Among them, domestic sales alone have exceeded 200000 and export models have exceeded 100000.

Brief comments:At the previous shareholders' meeting of Tesla, Inc. in 2021, Mr Musk said Tesla, Inc. was confident of maintaining an annualised growth rate of at least 50 per cent and set a goal of "achieving sales of 20 million vehicles by 2030".

Musk surpassed Bezos to become the richest man in the world

SpaceX, the space exploration technology company owned by Tesla, Inc. CEO Elon Musk, has been valued at more than $100 billion after insiders announced a secondary share sale. That means Musk has increased his fortune by $10.6 billion and overtook Amazon.Com Inc CEO Bezos to become the world's richest man. Musk's net worth has soared to $223 billion, ranking first in the world, according to the Bloomberg Billionaires Index, while Amazon.Com Inc CEO Jeff Bezos ranks second with $191.6 billion.

Brief comment: after several competitions for the global rich list, Musk finally gained the lead.

Johnson & Johnson assumes the responsibility of talc and the enterprise goes bankrupt.

Johnson & Johnson, a healthcare company, said an affiliated company responsible for talcum powder had filed for Chapter 11 bankruptcy protection to resolve all claims related to cosmetic talcum powder in a fair manner to all parties, including any current and future claimants. The company said the documents submitted by its subsidiary LTL Management were aimed at "resolving all claims related to cosmetic talc in a manner that is fair to all parties, including current and future claimants".

Brief comment: according to statistics, as of July this year, Johnson & Johnson Company also faced 34600 lawsuits related to talcum powder.