Buchang Pharmaceutical Zhao Tao： 6.5 million sent women to study abroad has nothing to do with the company; On the first day of listing, it rose by 22%, and its market value exceeded 2.9 billion US do
Quiet and warm reminder: Friends who travel on May 1, if your companion gets lost in the scenic spot, don’t look for it … Good morning, Erebati (say hello manually). Let’s read today’s morning paper. ……
[Dark Horse High-profile Morning Post] No.1366
Wen Jing Jing
Headline: Buchang Pharmaceutical Zhao Tao said that her daughter’s study abroad funds have nothing to do with the company
1. Zhao Tao, Chairman of Buchang Pharmaceutical: The daughter’s study abroad funds have nothing to do with the company.
Zhao Tao, the chairman of the board of directors, announced in the company’s official website: Recently, I noticed that there were many reports published in the media, mainly concerning rumors about my daughter studying in the United States. First of all, the daughter’s study in the United States is a personal and family behavior, and the source of funds has nothing to do with Buchang Pharmaceutical, which does not have any impact on Buchang Pharmaceutical’s financial situation; Secondly, Buchang Pharmaceutical is a listed public company, and its operation and management are independent. Buchang Pharmaceutical has a sound internal control system, and my personal affairs will not affect its normal operation.
$26.5 million to send a woman to Stanford. The mother of the client responded: misled.
Zhao Tao, the chairman of Buchang Pharmaceutical Company, was exposed to spend $6.5 million to send her daughter to Stanford. On May 3, a statement from Vincent W Law, a lawyer of Hong Kong Mashida Law Firm, said that Zhao Tao’s wife said that after learning that her daughter Zhao Siyu was admitted to Stanford, Singh, the middleman, suggested that she make a donation to Stanford University through the foundation to help students who could not afford Stanford tuition. Zhao Tao’s wife said in the statement that she didn’t realize she was misled until she saw the report, and her daughter became a victim of fraud. At present, she has entrusted a lawyer to handle this matter. (Beiqing Daily)
3. Buchang Pharmaceutical has been involved in bribery many times, and most of the drug approvals were obtained around 2002.
Judging document network shows that from 2015 to 2018, Buchang Pharmaceutical was involved in bribery at least seven times. At present, the five judgments of Buchang Pharmaceutical on bribery are all due to the sales with money in the process of drug promotion. The salesman paid bribes to the leaders of township hospitals and doctors in county hospitals, with the amount ranging from 60,000 to 110,000. The annual report shows that Buchang’s sales expenses in 2018 were 8.036 billion yuan, while the company’s annual operating income was 13.67 billion yuan. Sales expenses are the gray area of pharmaceutical commercial bribery. (Interface)
home news
4. The first day of the listing, the market value rose by 22%, exceeding 2.9 billion US dollars.
The so-called "China’s first e-commerce share" went public in the United States yesterday, opening at $13.42, up 22% from the issue price of $11.00, with a market value of over $2.9 billion. It is reported that the initial public offering will issue 11 million ADS；; According to the issue price, including the underwriter’s over-allotment, the estimated financing amount is $139 million, and there is a 15% green shoe mechanism. The raised funds will be mainly used for strengthening and expanding business, strengthening technical capabilities, expanding and improving logistics facilities, and general corporate purposes including capital operation, potential strategic investment and acquisition. (blue whale TMT)
5. In the first quarter, the revenue growth rate of 19 listed banks exceeded 20%
On May 3rd, statistics showed that 33 listed banks (including 32 A-share listed banks and the Postal Savings Bank listed in H-share) realized a total operating income of 1.3 trillion yuan in the first quarter, up 15.4% year-on-year, and 19 of them had revenue growth rate exceeding 20%. Many analysts have reservations about whether this trend of high revenue growth can be sustained. (national business daily (blog, Weibo))
6. Shao Hui, chairman of Xinyang, announced his resignation from all his positions in Xinyang.
After the listing of Xinyao, Shao Hui, the chairman of Xinyao, announced his resignation from all his positions in Xinyao. At the same time, Shao Hui’s shares in XinYang decreased from the previous 28.8% to 20.6%, and retained 3.7% of the voting rights, and remained the largest shareholder as an investor. (Tencent first line)
7. Activision Blizzard Q1′ s net profit was $447 million, down 11% year-on-year.
Activision Blizzard Q1 financial report shows that the net revenue during the period was $1.825 billion, less than $1.965 billion in the same period last year; Net profit was $447 million, down 11% from $500 million in the same period last year. (Tencent Technology)
8. Volkswagen’s operating profit in the first quarter was 3.9 billion euros.
According to Sina’s US stock news, Volkswagen released its financial report on Thursday, saying that its operating profit in the first quarter dropped to 3.9 billion euros from 4.2 billion euros in the same period last year, which was in line with market expectations. Revenue increased by 3.1% to 60 billion euros, despite the decline in sales. The company reiterated its full-year performance forecast, predicting that sales will increase by up to 5% and the operating return rate of sales will be between 6.5% and 7%.
9. Dr. Ping An responded to anonymous slander: the case has been reported and the case is under review.
On May 2, Ping An Health Medical Technology Co., Ltd. announced that there were anonymous and malicious false articles defaming the company among investors in a secondary market, which had a great negative impact on the company’s brand and reputation. The company has officially reported the case to the public security organ, and the case is currently under investigation.
10. Razer enters small household appliances and will push the esports toaster.
Min-Liang Tan, president of Razer, recently announced that he will launch a toaster in the future, and the baked bread will also be printed with the conspicuous trademark "Razer". Razer’s joke about "Project Breadwinner" on April Fool’s Day in 2016 laid the groundwork for its entry into small household appliances. (Hong Kong Economic Times)
11. The biggest decline of Estee Lauder brand across the board is over 10%.
Cosmetics Finance Online learned from Estee Lauder that from May 1st, Estee Lauder Group will reduce the suggested retail prices of some skin care, make-up and fragrance products of all its brands. It is understood that this is the fourth time that Estee Lauder Group has lowered the suggested retail price of some products in the past four years.
12. Weilai Automobile laid off 70 employees in the American office to improve management efficiency.
Weilai Automobile has laid off 70 employees in two offices in California, including the company’s North American headquarters office. Specifically, the company fired 20 employees from its North American headquarters office in San Jose and 50 employees from its San Francisco office, which is now closed. （Verge）
international news
13. Six thousand taxi drivers in Australia filed a class action lawsuit against Uber, and the compensation amount may be as high as A $1 billion.
A law firm filed a class action lawsuit against Uber on behalf of thousands of taxi and taxi drivers in Australia, accusing the world’s largest taxi company of illegally operating in the country and harming their interests economically and financially. The number of drivers affected was as high as 46,000. Since Uber’s current valuation is as high as A $120 billion, the company may face a sky-high compensation of A $1 billion. It is estimated that the Victorian Supreme Court will accept this class action case. (Herald Sun)
14. Tesla’s first super factory: 7,000 employees, running 24 hours a day.
Foreign media reported that Tesla has a super factory in the suburb of Reno, Nevada, USA, which will be Tesla’s first fully built factory and a model for more than a dozen large factories around the world in the future. This super factory operates 24 hours a day and currently has 7,000 employees. (Tencent Technology)
15. Musk: Autonomous driving can make Tesla’s market value reach 500 billion US dollars.
In order to increase investors’ interest in Tesla’s bonds and new shares with a total amount of more than $2 billion. Musk recently said that autonomous driving is a basic driving force of Tesla and the key to how the company can become a "500 billion dollar market value company". (Bloomberg)
16. Facebook is building a cryptocurrency payment system.
Facebook is building a payment system based on cryptocurrency, seeking an investment of $1 billion, and has held talks with companies such as Visa, MasterCard and First Data. The report also said that the related project code is "Libra". At present, Facebook is contacting e-commerce companies and Apps to invite them to accept the electronic money. (Cailian)
Today’s thoughts
The hardest thing to start a business is not to face all kinds of risks and rivals in the market, but to constantly face you yesterday, you today and you tomorrow. The height of your humanity determines the height of your entrepreneurship.
—— Wang Qiang, co-founder of Zhenge Fund
This article first appeared on WeChat WeChat official account: iDark Horse. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.