36Kr Evening News | GE Healthcare Signs Agreement with Alibaba DAMO Academy; Jensen Huang, CEO of NVIDIA: "China Will Win the AI Race"
Large Companies:
GE Healthcare Signs Agreement with Alibaba's DAMO Academy
36Kr learned that on November 6th, at the 8th China International Import Expo held in Shanghai, GE Healthcare and Alibaba's DAMO Academy officially signed a cooperation framework letter of intent. The two parties intend to introduce DAMO Academy's pioneering "One-Scan-Multiple-Exams" medical AI technology into the advanced imaging equipment developed by GE Healthcare to create an integrated intelligent and precise diagnosis and treatment solution of software and hardware, and accelerate its implementation and promotion.
On November 6th, at the 8th China International Import Expo, Nissan Motor announced the establishment of Nissan Import and Export (Guangzhou) Co., Ltd. This company is the first joint-venture vehicle import and export company established by a foreign automobile company in China. Among them, Nissan (China) Investment Co., Ltd. holds 60% of the shares, and Dongfeng Motor Group holds 40%. It is understood that the Dongfeng Nissan N7 and the Frontier Pro PHEV will be the first products developed locally in China and exported to overseas markets. (Jiemian)
36Kr learned that the Aiqicha App shows that recently, Zhui Feng Intelligent Technology (Shenzhen) Co., Ltd. was established. The legal representative is Mo Luyi, and the registered capital is 28 million yuan. The business scope includes the manufacturing of intelligent instruments and meters, the wholesale and retail of automobile parts, the sales of charging piles, and the operation of centralized fast charging stations. The equity penetration map shows that this company is wholly owned by Zhui Feng Intelligent Technology (Guangzhou) Co., Ltd., which is jointly held by Guangzhou Xiaoma Huixing Technology Co., Ltd. under Hong Kong-based Pony.ai Limited, Toyota Motor (China) Investment Co., Ltd., and GAC Toyota Motor Co., Ltd.
Taobao Flash Sale Provides New Uniforms for One Million Riders across the Country for Free
On November 6th, in order to improve the equipment experience of urban riders, Taobao Flash Sale invested resources to distribute new equipment to urban riders through a trade-in activity. The free distribution covers one million active and stable riders, and other riders in need can enjoy preferential replacement. At the same time, more than 20 brands under Alibaba and Ant Group also jointly invested resources to launch the "Urban Rider · Orange Intention Plan", which increases incentives for kind deeds, helps riders in difficulty, provides special support for riders' further studies, and increases support for riders' children's education.
Cathay Pacific Plans to Spend Nearly HK$7 Billion to Repurchase All Shares Held by Qatar Airways
36Kr learned that Cathay Pacific announced that Qatar Airways agreed to sell or cause the sale, and Cathay Pacific agreed to repurchase a total of 643,076,181 repurchase shares, accounting for approximately 9.57% of the issued shares, which are also all the shares currently held by Qatar Airways in Cathay Pacific. The repurchase price per repurchase share is HK$10.8374, and the total consideration for the share repurchase is HK$6,969,273,804.
3,000 Huawei Stores Connect to Taobao Flash Sale
36Kr learned that 3,000 Huawei stores located in 247 cities across the country have connected to Taobao Flash Sale, providing consumers with an instant retail service experience of the fastest 30-minute delivery within a 5-kilometer radius of the stores. As of the first period of the Tmall Double 11 on October 31st, the weekly transaction volume of Huawei stores on Flash Sale increased by 1,910%, and the number of new customers of Huawei stores on Taobao and Tmall reached 190,000 in one week.
GlaxoSmithKline Exhibits Multiple Innovative Vaccines and Drugs at the Import Expo
36Kr learned that on November 6th, the GlaxoSmithKline booth at the 8th China International Import Expo was officially unveiled. GlaxoSmithKline brought multiple innovative vaccine and drug products, covering multiple therapeutic areas such as respiratory, immune and inflammatory diseases, infectious diseases, and oncology. These include the world's first approved respiratory syncytial virus (RSV) vaccine, which is also the first to conduct a Phase III clinical trial in China; the asthma biologic drug Tezepelumab, which can achieve long-acting administration once every six months; and the anti-BCMA antibody-drug conjugate Belantamab Mafodotin for the treatment of multiple myeloma.
It was learned at the 8th Import Expo that the trading sub-group of China Southern Airlines Group signed 23 import procurement agreements with 20 global aviation service providers and suppliers from 9 countries, with a total contract value of over US$2 billion, reaching a new high in the past six years. (Cailian Press)
Freshippo Reaches a Strategic Commodity Cooperation with a Spanish Olive Oil Brand
36Kr learned that on November 6th, at the 8th Import Expo, Freshippo reached a strategic cooperation with the Spanish olive oil brand Carbonell. The two parties will carry out targeted development and production cooperation around olive oil, grape seed oil, and other series of products of different grades and specifications suitable for Chinese cuisine.
New Financing:
Singapore's Hummingbird Bioscience is Considering a Hong Kong Listing Next Year
People familiar with the matter revealed that Singapore's Hummingbird Bioscience is considering a Hong Kong listing next year. (Cailian Press)
According to people familiar with the matter, Ares Management Corp. is seeking to strengthen its business in the Asia-Pacific region and has started looking for a partner-level manager to join its leadership team. The people familiar with the matter said that the company has contacted several potential candidates through a recruitment firm. They added that although the final position depends on the new employee, he or she may ultimately lead the company's Asian credit business, just like other partners in the company. (Cailian Press)
The Margin Trading Balance in the Two Stock Exchanges Decreased by 143 Million Yuan
36Kr learned that as of November 5th, the margin trading balance of the Shanghai Stock Exchange was reported at 1.254887 trillion yuan, an increase of 292 million yuan from the previous trading day; the margin trading balance of the Shenzhen Stock Exchange was reported at 1.210682 trillion yuan, a decrease of 435 million yuan from the previous trading day; the total margin trading balance of the two stock exchanges was 2.465569 trillion yuan, a decrease of 143 million yuan from the previous trading day.
Wireless Logic Secures €2 Billion in Private Equity Financing
Recently, private equity firm Montagu raised a €2 billion ($2.3 billion) continuation fund for Wireless Logic. According to people familiar with the matter, the valuation of Wireless Logic in this transaction is approximately £3.5 billion ($4.6 billion). Ed Shuckburgh, a managing partner at Montagu, said that investors' interest in the fund was driven by Wireless Logic's strong growth. Wireless Logic was founded in 2000 and is headquartered in the UK. It is a global Internet of Things (IoT) connectivity solutions provider that helps businesses connect, manage, and protect IoT devices. The company has made local business acquisitions in South America, the United States, and the Asia-Pacific region.
New Products:
Iflytek Launches a New Multi-Modal Digital Human
36Kr learned that on November 6th, at the Iflytek 1024 Developer Festival, the digital human guide "Xiaofei" with a high degree of multi-modal interaction ability was officially unveiled and has actually started working. "Xiaofei" breaks through the limitations of simple Q&A, can achieve free conversations among multiple people, multi-lingual communication, and has the ability of personalized memory, and can remember the historical information of visitors and give considerate reminders.
36Kr learned that on November 6th, Iflytek released the Xinghuo X1.5 deep inference large model based on domestic computing power. This model overcomes the full-link training efficiency of the MoE model, and its end-to-end performance reaches over 93% of the efficiency of international competitors. Its language understanding, text generation, knowledge Q&A, logical reasoning, mathematical ability, code ability, etc. are comparable to international mainstream large models. At the same time, the multi-lingual ability of Xinghuo continues to be upgraded, supporting over 130 languages, and the overall performance reaches over 95% of that of GPT-5.
Is There a Real Person Inside XPeng's Humanoid Robot IRON? He Xiaopeng Responds
36Kr learned that at the 7th XPeng Technology Day held on November 5th, XPeng's newly developed humanoid robot IRON attracted attention, and some netizens questioned that there was a real person inside XPeng's humanoid robot IRON. On November 6th, He Xiaopeng, the chairman of XPeng Motors, responded on Weibo, saying, "I'll shoot a one-shot, unedited video to respond to the doubts. I hope everyone can distinguish between truth and falsehood."
Today's Views:
NVIDIA CEO Jensen Huang: "China Will Win the AI Race"
On Wednesday local time, NVIDIA CEO Jensen Huang said in an interview, "China will win the AI race." He attributed China's potential victory to a more favorable regulatory environment and lower energy costs. At the same time, he also criticized the Western approach, calling it "cynicism" that hinders progress. He mentioned that the new AI regulations in the United States may result in "50 new regulations," which may stifle AI innovation and competition. (Yicai Global)
Wang Hua Responds to the Shutdown of Xiaomi Call: It Will Stop Operating Soon
36Kr learned that Wang Hua of Xiaomi posted on Weibo to respond to the news that Xiaomi Call will stop operating. Regarding the reason for the shutdown, Wang Hua clearly stated that now the network call function is highly popular, and users can communicate anytime and anywhere through various common apps. Moreover, the Xiaoai Speaker App in the Xiaomi ecosystem also has the network call function between devices, which can meet users' relevant needs. "The historical mission of Xiaomi Call to accompany everyone has been completed, and we will stop operating it soon."
Other Noteworthy News:
The Ministry of Commerce Holds a Roundtable Meeting with Foreign-funded Enterprises in Shanghai
36Kr learned that according to the Ministry of Commerce, on November 5th, during the 8th China International Import Expo, Ling Ji, the vice minister of the Ministry of Commerce and the deputy representative of international trade negotiations, presided over a roundtable meeting with foreign-funded enterprises in Shanghai. Representatives of more than 30 foreign-funded enterprises and foreign business associations in China, including Alfa Laval, ArcelorMittal, Merck, Intel, Air Products, Nissan Motor, Lego, and the China-Britain Business Council, participated in the meeting. The responsible persons of relevant departments of the State Council Research Office, the State Taxation Administration, and the National Immigration Administration conducted policy interpretations and responded to the problems and demands reported by foreign-funded enterprises.