With the development of new technologies such as 5G and digital RMB, there may be new changes and opportunities in the payment market

Source: Cover News

Huawei responded by renaming its payment company "Petal Payment": essentially accelerating the construction of Hongmeng's ecological infrastructure

Huawei's payment business has made new progress. Recently, the People's Bank of China updated the permit information for major changes in non bank payment institutions and agreed to Shenzhen Xunlian Zhifu Network Co., Ltd. change its company name to "Huaban Payment (Shenzhen) Co., Ltd.". This morning, Huawei explained several considerations behind the renaming of Xunlian Zhifu. Firstly, the essence is to accelerate the construction of the infrastructure for the Hongmeng ecosystem, as Huawei Pay targets multiple terminals across the entire scene. Secondly, the newly upgraded negative one screen will fully support Huawei Pay in the future, which is also an important step in promoting Hongmeng Yuan services.

Comment:Although Huawei has repeatedly stated that petal payment is only a beneficial attempt by the Hongmeng system and a blessing for the entire Hongmeng ecosystem. However, from the current point of view, it is not easy to shake the existing pattern when WeChat payment and Alipay have occupied more than 90% of the domestic market share. But it's not impossible either. After all, before the era of mobile internet, UnionPay was also the largest offline card swiping channel in China. With the development of new technologies such as 5G, digital renminbi, and the Internet of Things, the payment market may also face new changes and opportunities.

Taobao has accumulated over 5 million experience times and is about to launch the Double 11 Promotion Mode

According to Taobao data, the native AI application of the big model, Taobao Quest, has experienced over 5 million people since the internal testing was launched in September; Among them, the highly active population has an average of over 8 questions per day, with a maximum of over 4000 questions per single user. It is understood that as the first generative AI application in the e-commerce industry, Taobao Q&A can clarify consumers' vague and complex shopping needs through AI Q&A, and solve the long tail problem that traditional search cannot solve. In addition, the application is about to launch the Double 11 Promotion Mode.

Comment:By launching AI assistants such as "Taobao Ask", as well as precise product recommendations and intelligent marketing strategies, Alibaba has improved its user shopping experience and merchant sales, further consolidating its leading position in the e-commerce field. But with the cross-border application of search engines such as Baidu in the e-commerce field, the future of Taobao is also under great pressure.

Baidu Releases China's First Generative Business Intelligence Product

At the Baidu World Conference, Robin Lee, the founder, chairman and CEO of Baidu, brought China's first generative business intelligence product - Baidu GBI. It is reported that Baidu GBI has the ability to support natural language interaction, cross database analysis, and professional knowledge learning, reducing the data analysis work that business analysts can only complete in more than ten days to minutes.

Comment:For users, the ultimate goal of developing AI big models is to implement and transform them into tools that can be used by ordinary people. So far, Baidu has achieved this and done it so beautifully: the launch of a series of AI native applications such as Wenxin 4.0, Xinruliu, Yunyiduo, etc., specifically depicts what AI should be like to serve the better life of humanity and social development. This reconstructed product and value benchmarking model has great significance. In the era of AI native technology, running ahead of the application layer is the key to achieving the commercialization transformation of artificial intelligence. Nowadays, Baidu has achieved the goal of seizing the opportunity of "AI native applications" and clarifying the path of AI implementation, making big model products such as Tongyi Qianwen and Hunyuan stand out. In the game of AI big model, Baidu has taken another step ahead.

Lei Jun: Xiaomi Launches a New Operating System, Pengpai OS

On October 17th, Xiaomi founder Lei Jun posted on Weibo that the official version of Xiaomi's new operating system XiaomiHyperOS (XiaomiHyperOS) has been packaged. The Xiaomi 14 series, as the first mobile phone equipped with a new system, has been delivered to the factory for production, and the Pengpai OS will gradually replace Xiaomi's original MIUI system.

Comment:Compared to domestic mobile phone manufacturers such as OPPO and vivo, Xiaomi has accumulated a lot of experience in developing its own operating system through years of ecological cultivation. Looking at the market, on one hand, it is the pinnacle of the mobile phone market, and on the other hand, it is the landing of electric vehicles in the Internet of Things. Against the background of Hongmeng's success, differentiation based on self-developed systems is likely to become the main theme of the future mobile phone market and smart terminal market. Therefore, Xiaomi Quickstep is catching up, and with a large number of fans who have settled on MIUI, the launch of the surging OS will bring more possibilities for the integration of Xiaomi's mobile phone and car phone ecosystem.