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On June 9th, it was reported that on June 7th, Xu Shubiao, General Manager of State Power Investment Corporation (SPIC), met with Liang Huiling, Deputy Secretary of the Heilongjiang Provincial Party Committee and Governor of Heilongjiang Province, in Harbin to exchange views on deepening cooperation in the energy sector and jointly promoting the revitalization and development of Heilongjiang. Since the beginning of this year, SPIC has held working talks with Inner Mongolia, Qinghai, Henan, Hainan, Gansu, Jilin, Fangchenggang City of Guangxi Zhuang Autonomous Region, Xilingol League of Inner Mongolia Autonomous Region, Zhanjiang City of Guangdong Province, and the Hengqin-Macau Greater Bay Area in Guangdong Province, exchanging views on jointly planning key cooperation projects during the 15th Five-Year Plan period. Heilongjiang Province is willing to work with SPIC to deepen cooperation between the central and local governments and achieve win-win development in serving national strategies. This includes planning and constructing heavy-duty gas turbine projects, deeply participating in Heilongjiangs electricity-computer synergy pilot project and zero-carbon industrial park construction, and actively developing biomass straw and livestock manure resource utilization projects.According to the General Administration of Customs, Chinas crude oil imports in May 2026 totaled 33.081 million tons, compared to 38.471 million tons in April. From January to May 2026, Chinas crude oil imports totaled 218.364 million tons, compared to 229.457 million tons in the same period of 2025.According to the General Administration of Customs, Chinas refined oil exports in May 2026 reached 3.368 million tons, compared to 3.119 million tons in April. From January to May 2026, Chinas refined oil exports totaled 19.233 million tons, compared to 21.843 million tons in the same period of 2025.June 9th - According to customs data, in the first five months of the year, my countrys total trade with ASEAN reached 3.52 trillion yuan, a 16.6% increase; trade with the EU reached 2.53 trillion yuan, a 10.3% increase; and trade with the US reached 1.61 trillion yuan, a 6.6% decrease. During the same period, my countrys total imports and exports with countries participating in the Belt and Road Initiative reached 10.57 trillion yuan, a 13.6% increase.June 9th - A COVID-19 report released by the Democratic Republic of Congos (DRC) Ministry of Health on June 8th showed that the overall Ebola outbreak in the country continues to rise. As of June 7th, the cumulative number of confirmed cases in this outbreak had risen to 550, with 101 deaths. The report also indicated that the total number of recovered cases in the DRC has increased to 19. The report stated that while the recent number of newly reported cases has slightly decreased, this may be related to lag in updating testing data and does not yet indicate that the spread of the epidemic has weakened.

Musk Plans to Double Twitter's Annual Revenue to $26.4 Billion by 2028

Aria Thomas

May 07, 2022 10:09

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Elon Musk aims to grow Twitter (NYSE:TWTRannual )'s revenue to $26.4 billion by 2028, up from $5 billion last year, according to a pitch deck delivered to investors, as reported by The New York Times on Friday.


According to the research, advertising will account for 45 percent of overall revenue under Musk, down from 90 percent in 2020, creating $12 billion in revenue in 2028, while subscriptions would provide an additional $10 billion.


According to the presentation, the CEO of electric vehicle manufacturer Tesla (NASDAQ:TSLA) Inc also intends to raise Twitter's cash flow to $3.2 billion in 2025 and $9.4 billion in 2028.


Musk closed a deal to acquire Twitter for $44 billion in cash last month, thereby gaining control of the social media site populated by millions of users and world leaders.


The billionaire has pledged to resuscitate the company and increase its user base by cracking down on spam bots and eliminating moderation to allow for more "free speech."


Musk is poised to become Twitter's interim CEO following the closing of the purchase, a source familiar with the subject told Reuters on Thursday.


According to a memo obtained by the New York Times, Musk expects the social media company to generate $15 million from a payments business in 2023, which will increase to approximately $1.3 billion by 2028.


According to the report, Musk believes he can improve Twitter's average revenue per user to $30.22 in 2028 from $24.82 last year. He also anticipates that Twitter will have 11,072 employees by 2025, up from approximately 7,500 today.


According to the New York Times, Twitter Blue, the company's premium membership service established last year, is projected to have 69 million subscribers by 2025.


Musk recommended last month, in a now-deleted post, a number of modifications to the social media giant's Twitter Blue premium subscription program, including a price reduction.


Musk identified on Thursday a group of prominent investors willing to offer $7.14 billion in finance for his Twitter proposal, including Oracle (NYSE:ORCL) co-founder Larry Ellison and Sequoia Capital.


Musk has boosted the finance commitment to $27.25 billion, which includes commitments from 19 investors, and decreased the margin loan connected to his Tesla stock from Morgan Stanley (NYSE:MS) to $6.25 billion. He has already had loan pledges for $13 billion secured by Twitter shares.


Musk was unavailable for comment. Twitter did not react immediately to a request for comment from Reuters.

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