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Titanium Media TMTPost.com ｜Technology leads the new economy｜  June 4th Authoritative sources say 5G licenses are likely to be issued this week； Huami’s first quarter revenue was 799.6 million yuan ； Qutoutiao responds to Xiao Houjun’s resignation ； The U.S. Department of Justice may launch an antitrust investigation into Apple ； Waymo restarts self-driving truck program. Today's headlines: Tron founder Justin Sun announced that he bought Buffett's sky-high lunchOn June 4, Big V Sun Justin, who was certified by Weibo as the first batch of students at Jack Ma Hupan University and chairman and CEO of Peiwo APP, posted on Weibo that he successfully bought Buffett’s 20th anniversary charity luncheon with a record-breaking $4,567,888. Justin Sun said that he has always been a long-term believer in Buffett's value investment philosophy. At the same time, he also hopes to invite well-known figures in the blockchain industry to communicate with Buffett, thereby enhancing the understanding and friendship between top traditional investors and digital currencies, so as to truly benefit the entire industry. (See Titanium Media’s previous report → “Buffett’s lunch set a record price of US$4.57 million, suspected to be taken by another Chinese”) It is worth noting that at last month’s shareholder meeting, Buffett also criticized Bitcoin speculation as like gambling in Las Vegas. Buffett's attitude towards Bitcoin has always been consistent. As early as 2014, Buffett commented that Bitcoin was just an illusion, and later reminded many times that Bitcoin is more toxic than rat poison. But while denying Bitcoin, Buffett has also affirmed the blockchain. In an interview with CNBC in February this year, Buffett mentioned that blockchain is important, but Bitcoin does not have any unique value. Bitcoin is essentially an illusion. Justin Sun mentioned in a "Letter to the Community" posted on Weibo that Buffett has publicly stated that he believes that Bitcoin, the world's largest cryptocurrency, has no unique value, but he also pointed out the potential of blockchain as the underlying technology of all cryptocurrencies. Previously, Sun Yuchen posted on WeChat Moments that he had done something big and would announce it three days later. It seems to indicate something. It is understood that Justin Sun is the founder of TRON, and the TRON protocol is one of the world's largest decentralized application operating system protocols based on blockchain. Justin Sun is also one of China’s well-known post-90s entrepreneurs. The mobile social application Peiwo APP he leads is known as the “third pole of post-90s mobile social networking.” It is reported that this Buffett charity lunch auction is a new historical record set since the first auction in 2000. Excerpt from Titanium Media:
More attention:1 new business Apple launches new Mac Pro with up to 28-core processor On June 4, Apple launched the new Mac Pro at WWDC 2019. The new Mac Pro is equipped with up to 28-core Intel Xeon processors, supports up to 8 PCIe interfaces, and can use graphics cards such as Radeon Pro 580X or Radeon Pro Vega II. Apple says the new Mac Pro can edit three 8K videos or 12 4K videos at the same time. The standard version of Mac Pro (8-core Xeon processor, 32GB memory) is priced at US$5,999 (approximately RMB 41,409) and will be available in the fall. Xiaomi’s stock price fell below HK$9: a new low since its listing On June 3, Xiaomi’s share price fell below HK$9 per share, hitting a record low of HK$8.92. As of the close, Xiaomi was trading at HK$9.09, a drop of approximately 47% from the issue price, almost halved. ； The trading volume for the whole day was HK$1.6 billion, and the total market value was HK$218.3 billion, which was approximately HK$157.6 billion evaporated from the first day of listing. On May 20, Xiaomi Group announced its financial report for the first quarter of 2019. The financial report showed that Xiaomi's total revenue for the quarter was 43.76 billion yuan, a year-on-year increase of 27.2%. The adjusted net profit in the first quarter was 2.08 billion yuan, a year-on-year increase of 22.4%. Both revenue and profit exceeded market expectations. The relatively eye-catching financial report was not reflected in the stock price. Some analysts pointed out that Xiaomi's stock price continued to fall, mainly due to the weak growth of its domestic mobile phone business and the weak performance of its Internet services. Huami’s revenue in the first quarter was 799.6 million yuan and net profit was 75.3 million yuan. According to news on June 3, Huami Technology today released its first financial report for 2019 as of March 31, with revenue of RMB 799.6 million (approximately US$119.1 million), a year-on-year increase of 36.5%. Net profit attributable to Huami was RMB 75.3 million (approximately US$11.2 million), compared with RMB 14.8 million in the same period last year. Based on non-GAAP, the adjusted net profit attributable to Huami was RMB 95 million (approximately US$14.2 million), a year-on-year increase of 2.7%. Authoritative source: 5G licenses are likely to be issued this week According to news on June 3, reporters learned from many authorities in the industry that 5G commercial licenses are likely to be issued this week. Previously, the industry's expected license issuance time was early October, which shows that 5G commercialization is earlier than expected. Independent telecommunications analyst Fu Liang said in an interview: "my country is now issuing 5G licenses, which shows that our country's 5G industry is ready. China has the ability to show the world what the world's leading 5G network is. ”Regarding the question of how close it is in the near future, Fu Liang made it clear: "The near future means 'immediately', maybe this week. ” Qutoutiao responded to Xiao Houjun’s resignation: Relevant adjustments have been made and a new editor-in-chief has been appointed According to news on June 3, it was previously reported that Xiao Houjun, the editor-in-chief of Qutoutiao, resigned last week. In response, Qutoutiao said: Xiao Houjun, the editor-in-chief of Qutoutiao, resigned last week due to personal reasons. We would like to thank him for his contribution to Qutoutiao during his tenure.； Qutoutiao has made relevant adjustments in advance, and Xiao Houjun’s resignation will not have any impact on existing business. ； The editor-in-chief of Qutoutiao has been selected. Computer Federation of China: Since IEEE has corrected the error, exchanges and cooperation will resume According to news on June 3, the official WeChat account of the China Computer Federation issued a statement on June 3, saying that CCF adheres to the concept of "membership composition, member governance, and service to members". It has made great progress in the past ten years and has won the respect of the industry and high recognition of members. It has extensive influence in the field of computing technology in China. It also maintains close cooperative relations with several influential international organizations. CCF is willing to continue to maintain communication and exchanges with IEEE and all its affiliated societies, support each other, develop together, and work hard to benefit the progress of all mankind. Waymo restarts self-driving truck plan According to news on June 3, Waymo, a subsidiary of Alphabet, Google’s parent company, announced on Twitter that the company’s fully autonomous truck testing project will restart in Phoenix, Arizona. Waymo received regulatory approval last year to begin operating self-driving cars in Phoenix. Waymo started testing self-driving trucks in Arizona in August 2017, but at the end of 2017, Waymo stopped testing on public roads in Arizona. The U.S. government has reached an antitrust division of labor: the FTC monitors Amazon, and the Department of Justice is responsible for Google According to the latest news from foreign media, three people familiar with the matter said that Amazon may face strict antitrust scrutiny under a new agreement reached by U.S. regulators. The agreement puts Amazon under close scrutiny by the U.S. Federal Trade Commission (FTC). U.S. media reported last week that the Justice Department would have more jurisdiction over Google, paving the way for a potential antitrust investigation into the company. Arrangements like this between the Justice Department and the Federal Trade Commission often portend greater antitrust scrutiny in the future. 2 Other news The U.S. Department of Justice gains jurisdiction to investigate Apple and may launch an antitrust investigation On June 4, Reuters quoted people familiar with the matter as saying that the U.S. Department of Justice had obtained jurisdiction to launch a potential investigation into Apple, which is part of a broad investigation into whether multiple technology giants have monopolistic practices. The U.S. Department of Justice’s Antitrust Division and the Federal Trade Commission (FTC) have met in recent weeks and agreed to give the Justice Department the power to investigate possible monopolistic practices by Apple and Google, sources said, but did not disclose what the U.S. government’s potential concerns about Apple are.  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