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在线翻译:
szdaily -> Business/Markets -> 
At a Glance
    2020-07-29  08:53    Shenzhen Daily

ByteDance AI research head to leave

BEIJING-BASED ByteDance said yesterday the head of its artificial intelligence (AI) lab will leave the company, as its short-video app TikTok faces U.S. scrutiny.

Ma Wei-ying joined ByteDance from Microsoft to become a vice president and head of the AI lab in 2017. Ma will leave ByteDance this week, according to a person familiar with the matter. It is unclear who would replace him. Trained in Taiwan and the United States, Ma was assistant managing director of Microsoft Research Asia before taking the post at ByteDance, according to his LinkedIn profile.

Gold consumption plunges in first half

CHINA’S gold consumption fell 38 percent year on year in the first half of 2020, hurt by the coronavirus and a slowing economy, although demand started to recover in the second quarter, the China Gold Association said yesterday.

Consumption in China, the world’s biggest gold user, came in at 323.29 tons in the January-June period, the association said on its website. Consumption nearly halved in the first quarter from a year earlier as strict pandemic containment measures and rising prices hit demand. Spot gold climbed about 17 percent over the first six months of 2020 and hit a record US$1,980.57 an ounce yesterday.

Tencent offers to take Sogou private

SOGOU Inc. said Monday shareholder Tencent Holdings has made a preliminary offer to buy the rest of the web search firm it did not already control, in a deal that valued the company at about US$3.5 billion.

Tencent, which beneficially owns about 39.2 percent of the total issued and outstanding shares of Sogou, has offered US$9 per share in cash, a premium of 56.5 percent to the last close of Sogou’s U.S.-listed stock. Sogou generates revenue mainly through search advertising services.

Dongfeng Motor eyes listing on ChiNext board

DONGFENG Motor Corp. is planning a listing on the ChiNext Market of the Shenzhen Stock Exchange by selling A shares to develop its domestic and overseas financing platforms.

The company, which is already listed on the Hong Kong stock exchange, is planning to offer up to 957.35 million shares, Donfeng Motor said late Monday. The offer price is yet to be determined, the company said.

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