Big Tech

16:29

                            2025 Green Computing (Artificial Intelligence) Conference held in Hohhot
                        
                            According to the Inner Mongolia Daily, on July 12, the 2025 Green Computing Power (Artificial Intelligence) Conference was held in Hohhot. At the conference, the Horqin Cluster Multi-Cloud Computing Power Resource Monitoring and Dispatching Platform was officially connected to the National Integrated Computing Power Network Monitoring and Dispatching Platform. The construction of the country's first green computing and electricity synergy industrial base was announced to start. The "National Integrated Computing Power Network" computing and electricity synergy national pilot project was connected to the grid. The Horqin Financial Data Industrial Park was awarded a plaque. Four laboratories including the Inner Mongolia Quantum Information Innovation Engineering Center were unveiled. Five major projects including the Beijing Energy "Beijing Data Mongolian Computing" Horqin Intelligent Computing Center were put into operation. The autonomous region government signed a cooperation agreement with Baidu and other 10 projects were signed and implemented, with a total investment of 20 billion yuan.
                        
16:14

                            Meituan Pinhaofan's daily orders exceed 35 million, and KFC and McDonald's are in talks to join
                        
                            Recently, Meituan Pinhaofan’s daily order volume has exceeded 35 million, and many leading fast food brands such as KFC and McDonald’s are in talks to join.
                        
07:04

                            Important events and data forecast this week - US CPI, China GDP and trade account
                        
                            1. Monday: ① Data: China's June trade account, money supply, social financing, new RMB loans, and total electricity consumption. ② Event: US President Trump plans to make a "major statement" on the Russian issue. The State Council Information Office held press conferences on import and export conditions and financial statistics in the first half of 2025. 2. Tuesday: ① Data: China's second quarter GDP; China's total retail sales of consumer goods in June, and industrial added value above designated size. US CPI in June, US New York Fed manufacturing index in July. Canada CPI in June. ② Event: 100 billion yuan of 1-year medium-term lending facilities expired. The National Bureau of Statistics released a monthly report on residential sales prices in 70 large and medium-sized cities. The State Council Information Office held a press conference on the operation of the national economy in the first half of 2025. Domestic refined oil will open a new round of price adjustment windows. OPEC monthly report. Speech by Federal Reserve officials Collins and Bowman. ③ Financial reports: JPMorgan Chase, Citi. 3. Wednesday: ① Data: US PPI in June, US API and EIA crude oil inventory weekly reports. UK CPI in June. Eurozone trade account in May. ② Event: Fed officials Barr, Collins, Logan, Hammack delivered speeches. Bank of England Governor Bailey delivered a speech. ③ Financial reports: Morgan Stanley, Bank of America, Goldman Sachs, ASML. 4. Thursday: ① Data: US retail sales in June, import price index, initial jobless claims, EIA natural gas inventory. Eurozone CPI in June. UK unemployment rate in June. Australia unemployment rate in June. ② Event: Fed releases Beige Book on economic conditions. Fed's Williams delivers a speech on US economy and monetary policy. South Africa hosts G20 finance ministers and central bank governors meeting until July 18. ③ Financial report: TSMC. 5. Friday: ① Data: US one-year inflation rate forecast for July, initial value of University of Michigan consumer confidence index. Japan CPI in June. Germany PPI in June. Eurozone current account in May. 6. Saturday: ① Data: Total number of oil rigs in the United States for the week ending July 18. ② Event: CFTC releases weekly position report. 7. Sunday: ① Event: Japan's 27th Senate election. Philippine President visits the United States.
                        
18:38

                            Xinjie Electric Debuts at Huawei Cloud City Summit to Set a New Benchmark for Embodied Intelligent Applications
                        
                            The Huawei Cloud City Summit was recently held in Wuxi. Xinjie Electric was invited to attend and completed the signing ceremony of the joint project. At the summit, Xinjie Electric focused on sharing two benchmark projects of embodied intelligence jointly created with Wuxi (Huawei Cloud) Artificial Intelligence Innovation Center, namely the dual-arm collaborative intelligent welding robot, which is committed to promoting the implementation of "unmanned" flexible welding; and the intelligent mobile dual-arm sorting robot, which is committed to opening up the "last link" of automated inspection.
                        
17:57

                            Musk's xAI company requires employees to install monitoring software on their personal laptops, Business Insider reported.
                        
13:56

                            Trump says "no one cares" about Epstein case, Musk posts to urge progress
                        
                            Recently, the way that U.S. Attorney General Pam Bondi handled the Epstein sexual assault case has sparked dissatisfaction among supporters of U.S. President Trump. On the 12th local time, Trump spoke out for Bondi on his social media platform, praising her for her excellent work and advising supporters not to be too obsessed with the case. American billionaire Elon Musk called on Trump online: Just release the documents.
                        
09:53

                            Trump administration sues California over egg prices
                        
09:50

                            Trump claims Obama and Hillary wrote the Epstein files and urges people to not care about them
                        
09:44

                            Meituan Instant Retail orders reach 150 million per day, with an average delivery time of 34 minutes
                        
                            On July 13, the reporter learned that data released by Meituan showed that as of 23:36 on July 12, Meituan's instant retail order volume hit a new high of 150 million. The peak order volume increased by 30 million orders compared with last week, and the average delivery time for full delivery orders was 34 minutes.
                        
07:39

                            The cumulative repurchase amount of 238 Hong Kong-listed companies this year is nearly HK$180 billion
                        
                            Since the beginning of this year, the repurchase of Hong Kong stocks has continued to heat up. According to statistics from Securities China, from January 1 to July 11 this year, a total of 238 Hong Kong-listed companies repurchased 6.988 billion shares, with a repurchase amount of nearly HK$180 billion. The number of listed companies participating in the repurchase and the number of repurchased shares increased year-on-year. At the same time, in terms of the ranking of repurchase amounts, in addition to financial listed companies such as HSBC and Standard Chartered, which are "not short of money", Internet technology giants such as Tencent Holdings and Alibaba have also made large-scale repurchases many times, with the amount exceeding HK$10 billion.
                        
10:46

                            A new round of weekend "takeaway war" is here again, with many milk tea and coffee available for 0 yuan
                        
                            On July 12, Meituan, Taobao Flash Purchase and other platforms once again issued large takeaway coupons. One netizen posted a photo of a "zero-yuan purchase" of Luckin Coffee early in the morning: "I've already had it, the early bird catches the worm." The reporter opened Meituan and immediately received a pop-up window saying "zero-yuan takeaway has been received." Clicking it, he received three in-store pick-up coupons for zero-yuan drinks, zero-yuan Luckin, and Guming Fresh Lemonade, as well as two takeaway coupons for Luckin Coffee and breakfast. According to the order posted by the netizen, he paid only 0.01 yuan to order a medium-sized jasmine milk green takeaway from Cha Baidao. 
                        
10:15

                            According to the Wall Street Journal: Google (GOOG.O) has agreed to pay about $2.4 billion to license technology from artificial intelligence coding startup Windsurf and hire its CEO and some employees.
                        
09:43

                            The EU "extends an olive branch" to the Trump administration and abandons its plan to impose a digital tax
                        
                            According to Politico, the European Commission has abandoned plans to tax digital companies, a move that marks a major victory for US President Trump and US tech giants such as Apple and Meta Platforms. Documents show that as EU-US trade negotiations enter the final sprint, Brussels has removed the digital tax option from its seven-year fiscal plan starting in 2028. The EU is in key negotiations on the budget plan, with only a few days left before its announcement. This is a major shift for the EU. The budget document discussed by the 27 EU commissioners in May also mentioned the idea of repaying EU debt by taxing tech giants. This sharp turn may be a strategic move by the EU. The EU is eager to obtain favorable trade terms with the United States, and Trump has previously threatened to impose retaliatory tariffs on Canada to counter its digital tax policy.
                        
04:11

                            Market news: Apple (AAPL.O) may obtain the rights to stream F1 events in the United States.
                        
03:41

                            Musk's company xAI is reportedly seeking a valuation of $200 billion in its next round of financing
                        
                            Musk's company xAI is reportedly seeking a valuation of $200 billion in its next round of financing.
                        
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