The market capitalization of Ningde era, a Chinese new energy battery giant, even surpassed Wuliangye and Ping An Insurance, topping the market capitalization list of the Shenzhen Stock Exchange and becoming the new "No.1 Brother in Shenzhen".As of June 29, Ningde Times rose 2.96% to 508.51 yuan per share, with a total market capitalization of 1.184324 trillion yuan. The market capitalization of Ningde era also surpassed Ping An Insurance and rose to the fifth place in A-shares, second only to Guizhou Moutai, Industrial and Commercial Bank of China, China Merchants Bank and China Construction Bank Corporation. Ningde Times listed on the gem on June 11, 2018, and its market capitalization was 78.6 billion yuan on its first day of trading. Since its listing, the share price of Ningde Times has risen by 1924% (after reinstatement).

Ningde Times signed an agreement with Tesla, Inc. (Tesla) to supply Tesla, Inc. with lithium-ion power battery products from January 2022 to December 2025.. Within the time limit stipulated in the agreement, Tesla, Inc. will purchase lithium-ion power batteries from Ningde Times. The specific purchase situation of Tesla, Inc. will be determined by order, and the final sales amount shall be subject to the actual settlement of the purchase order issued by Tesla, Inc..

Sony Group Corp Group (Sony) is restructuring its strategy for its semiconductor business because of a sharp drop in orders for image sensors for Huawei's mobile phones.In order to avoid a decline in orders, Sony Group Corp actively sought orders from other Chinese manufacturers such as XIAOMI and OPPO. However, new customers mainly focus on low-and medium-priced smartphones, and the unit price of image sensors is low, leading to worsening earnings. To improve profitability, Sony Group Corp will accelerate the development of high-pixel sensors and expand the on-board sensor business, which is expected to expand due to the popularity of self-driving.

According to research firm Gartner, Amazon.Com Inc (Amazon.com) maintains a huge lead in the cloud computing infrastructure market. The market rents computing, storage and networking capabilities to users. Amazon's cloud computing division AWS generated more than twice as much revenue from cloud infrastructure in 2020 as compared to second-placed Microsoft Corp.

Qualcomm Inc (Qualcomm) said it was expected to work with more than 40 operators and telecom equipment suppliers, which have pledged to use faster 5G millimeter wave technology.. These include China Unicom, Deutsche Telekom and Telstra. The 5G network uses a variety of technology combinations, and the fastest version uses a higher frequency, which Qualcomm Inc calls "millimeter wave". Qualcomm Inc helped develop standards to make millimeter wave devices compatible around the world, and handset makers such as Apple Inc have used Qualcomm Inc's chips to acquire the technology. Qualcomm Inc's chip is ahead of competitors such as MediaTek in millimeter wave technology.

Deutsche Telekom (Deutsche Telekom) announced that the "5G" project, a high-speed communication standard using "Open-RAN" technology, uses base station equipment developed by NEC of Japan and Mavenir of the United States.. This is NEC's second order for 5G equipment overseas after Vodafone in the UK.

Multiple neighboring countries (Duolingo) have applied for an initial public offering (IPO), which is planned to be listed on the Nasdaq global select market. The company's mobile apps offer courses in 40 languages. The company says it has downloaded more than 500m apps and has about 40 million monthly users. As of December 31, 2020, the company had annual revenue of $161.7 million and subscription revenue of $117.5 million, with a net loss of $15.8 million. A number of neighboring countries say the company uses a free value-added business model and generates revenue from premium subscription products, advertising and in-app purchases.

Toyota Motor Corp (Toyota Motor) announced on the 29th that the global production in May was 671097 vehicles, an increase of 83.4% over the same period last year.Affected by the epidemic of COVID-19 in May last year, the output was low, and under this base effect, it showed a substantial increase this time. Overseas production rose 93.0 per cent to 469429 vehicles in May. The main market increased to 4.2 times in North America and 2.1 times in Europe. In China, production is lower than in the same period last year because it is preparing to rearrange the production system. Domestic growth of 64.3% to 201668 vehicles.Global sales rose 45.8 per cent to 840303 vehicles.Overseas sales rose 48.2 per cent to 730831, an all-time high in May.

AIA Group Limited (AIA) announced on the evening of June 29th that it had invested 12.033 billion yuan ($1.86 billion) through its wholly-owned subsidiary AIA Group Limited Co., Ltd. to subscribe for 24.99% of the post-investment stake in China Post Life Insurance Co., Ltd., or about 7.16 billion shares. China Post Life Insurance is a subsidiary of China Post Group Co., Ltd. According to the current ownership structure of China Post Life, if the transaction with AIA Group Limited is successfully completedAIA Group Limited will become the second largest shareholder in China Post Life.

Vaccine concept Unit Modena (Moderna Inc) has successively released studies on the effectiveness of the company's vaccine against a variety of mutants novel coronavirus, as well as obtaining emergency permission for use in the Indian market. Against the backdrop of a series of positive stimuli and global concerns about the spread of the mutant virusModerna Inc's share price hit an all-time high on Tuesday, with a market capitalization of nearly $100 billion. According to an in vitro neutralization study on the serum of individuals vaccinated with the Moderna Inc vaccine, the vaccine produced neutralization titers against all tested variants, including the Delta virus, which has recently led many countries to tighten blockades.

Line 1 of Jinguang Group APP Rudong Household Paper Base is started. The base has a total investment of 45 billion yuan.With a planned land of 8500 mu and an annual output of 3.96 million tons of high-grade household paper, it is built in three phases. It is one of the largest modern industrial projects in the history of Nantong, and is committed to building a leading intelligent and environment-friendly paper aircraft carrier in the world. After the first phase is completed, the production capacity will reach 780000 tons. In the future, Jinguang Rudong Household Paper Base will mainly produce household paper products such as "Qingfeng", "Weijieya" and "Zhenzhen".

Marco Gobbetti, chief executive, will leave in December to join Salvatore Ferragamo, the Italian footwear company, according to designer brand Burberry Group.Gobbetti, who has been Burberry CEO for less than five years, is leaving when the transformation of the British brand is only halfway through. During his tenure at Gobbetti, Burberry shares returned 9% a year, lagging behind larger brands such as Hermes (Herm è s) and PRADA S.p.A. (Prada). Burberry's board must now find a new CEO and convince investors that the chief designer, Riccardo Tisci, will not leave with Gobbetti.

With the acquisition of Speedway, a convenience store co-located at US gas stations, approved by the US Federal Trade Commission (FTC), Seven & I Holdings, which operates 7-11 convenience stores, will step up efforts to expand its overseas business, which accounts for about 40% of the total.. Although 7-11 in the United States has ranked first in the market share of convenience stores in the United States, the share after the acquisition of Speedway is only about 10%. It is estimated that it will be very difficult for Qihe and Iraq to expand their business scale through mergers and acquisitions in the United States in the future. At present, to achieve growth in the United States, we may need to rely on our own efforts to expand chain stores and increase profitability.

McDonald's Corp, the 4,000 restaurant in mainland China officially opened in Wenzhou, Zhejiang Province.. McDonald's Corp China has announced that it will promote the rapid development of its business with a "green growth engine", focusing on green restaurants, green supply chain, green packaging and green recycling. At the same time, McDonald's Corp China has officially released a plan to reshape good things, redesigning waste plastic products into items needed by restaurants and consumers, and helping to achieve a circular economy. Zhang Jiayin, chief executive of McDonald's Corp China, said McDonald's Corp's business in China is growing rapidly and will open more than 500 restaurants this year.

Dingdong (Cayman) Limited, a Chinese fresh grocery e-commerce company supported by Softbank Corp. Vision Fund II, was officially listed on the New York Stock Exchange on June 29th.Priced at $23.50, the lowest point in the range. According to the latest prospectus, Dingdong (Cayman) Limited raised about $86.95 million in an initial public offering of 3.7 million American depositary shares (ADS). At the close, the company's shares were up 0.09% at $23.52, with a market capitalization of $5.5 billion. In the first quarter of 2021, Dingdong (Cayman) Limited had revenue of 3.8 billion yuan and a net loss of 1.38 billion yuan.

China Jinmao officially launched five own brands of Jinmao Hotel-- Jinmao Jiayue Hotel (high-end business brand), Jinmao Chengyue Hotel (high-end selected business brand), Jinmaopu Xiu Hotel (ultra-high-end resort brand), Jinmao seclusion Hotel (high-end resort brand), Jinmaotian Yue Hotel (high-end selected resort brand), it marks Jinmao Hotel's entry into China's hotel industry with a new image of light-asset hotel management company. Jinmao Hotel has also signed strategic agreements with international hotel management companies: Marriott, Hilton and InterContinental Group to adopt a franchise model for the franchised brands of Renaissance, Sheraton, Crowne Holiday and Hilton to form an effective strategic complementarity.

United Airlines (United Airlines) confirmed its largest-ever aircraft order on Tuesday. The company ordered 270 Boeing Co and Airbus aircraft to boost growth after the COVID-19 epidemic. The order, valued at $30 billion, includes 200 Boeing 737 MAX aircraft and 70 Airbus A321neo models. This will increase United's domestic network capacity by nearly 30 per cent and make it better able to compete in high-end and low-end travel. The company is expected to hire about 25000 employees for the new aircraft, including pilots, flight attendants and mechanics. The order shows United's optimism about the recovery in air travel.