9:00 am, 1st Kr. Update: Eight individuals responsible for the "Lüjie Food Safety Incident" in Shanghai have been arrested; Multiple models of the iPhone Pocket, starting at 1,299 yuan, sold out upon release; Li Auto conducted internal accountability for two accidents.
Today's Hotspot Guide
The return capsule of the Shenzhou-21 manned spaceship successfully landed.
Apple's appeal against an anti-monopoly ruling was rejected by the UK Competition Appeal Tribunal.
Multiple regions in Fujian announced that subsidies for car replacement and renewal will be suspended.
Joyoung Soymilk responded to accusations of using a cat - abuse meme.
Southeast Asian countries have surpassed the European Union to become Zhejiang's largest trading market for the first time.
Top 3 Big News
Shanghai Reports on "Lüjie Food Safety Incident": Illegal and Criminal Facts Ascertained, 8 Responsible Persons of the Company Arrested in Accordance with the Law
On September 15, some citizens reported that there were problems with the scrambled eggs with shrimp in the lunches supplied by Shanghai Lüjie Industrial Development Co., Ltd. to some schools in the city. After the incident, the Shanghai Municipal Party Committee and the Municipal Government attached great importance to it. With a "zero - tolerance" attitude towards campus meal issues, they thoroughly investigated and would not tolerate any negligence. They immediately established an investigation team and a working group, directed and coordinated daily, and conducted a comprehensive legal investigation. Now, the course of the incident and the illegal and criminal facts of Lüjie Company and relevant personnel have been ascertained. It is proposed to revoke Lüjie Company's food business license and business license in accordance with legal procedures. Eight responsible persons, including Zhang Mouhua, the actual controller of the company, have been arrested in accordance with the law. Meanwhile, Bright Food Group, a municipal - owned state - owned enterprise, has temporarily taken over the campus meal supply for 484 schools across the city since September 23 to ensure that students' meals are not affected. (The Paper)
Multiple models of iPhone Pocket starting from $1299 sold out upon launch
On November 14th, the iPhone Pocket was officially launched in the domestic market. Although people criticized it for being ugly and expensive, the actual sales were still very brisk. Currently, according to the official Apple website, the long - style iPhone Pocket priced at $1899 is shown as sold out, and the short - style citrus color is also shown as sold out.
According to the data from the Dewu App, the market price of the long - style iPhone Pocket has risen to $2399, and the price of the short - style has risen to $1699, with a maximum premium of $500. On the Dewu community, the topic of iPhone Pocket quickly climbed to the hot list on the Dewu community after Apple's official announcement. (Kuaikeji)
Li Auto Conducts Internal Accountability for Two Batch Quality Incidents, Disciplining 18 Employees
Li Auto issued an announcement regarding two previous quality incidents and held 18 employees involved accountable. In the case of the coolant leakage incident in the 2024 MEGA vehicles, measures such as contract termination, annual performance rating not higher than I, cancellation of year - end bonuses and promotion eligibility were taken against five employees including Li, four employees including Shang, and five employees including Zhou. For the abnormal noise incident of the lower control arm bushings in 25 models of the L series vehicles, similar disciplinary measures were taken against four employees including Cui. (21st Century Business Herald)
Large Companies/ Major Events
The return capsule of the Shenzhou-21 manned spacecraft successfully landed
On November 14, the crew of Shenzhou-20 returned to Earth on board the Shenzhou-21 manned spacecraft. On November 14, the return capsule of the Shenzhou-21 manned spacecraft successfully landed at the Dongfeng Landing Site. (CCTV News)
Joyoung Soymilk Responds to Allegations of Using Cat - Abuse Meme
On November 14th, Joyoung's new soymilk product, "Hakimi North - South Mung Bean Soymilk", used a cat image and the internet meme "Hakimi" on its packaging. Some netizens accused it of allegedly using a "cat - abuse meme".
In response, Joyoung's customer service said: It is understood that the cat on the packaging is an original design by the designer, based on the orange cats in our company's park. The production of this product is also based on our love for cats and in response to the demand of many fans who support Joyoung Soymilk and hope to see the real production of "Hakimi North - South Mung Bean Soymilk". We combined lovely cats with our products, hoping to bring happiness to everyone. (Bailu Video)
WeChat: Mini Programs to Support Virtual Payment on iOS
36Kr learned from WeChat Open Class that on November 14th, WeChat issued an announcement stating that Mini Programs will support virtual payment on iOS, and announced its continuous efforts to bring a better experience to developers and users of Mini Programs and Mini Games on the iOS platform. We welcome Apple's support for Mini Program and Mini Game developers and are glad to see Apple launch the "Mini Apps Partner Program". We will provide access services for developers as soon as possible to jointly build a healthy and prosperous ecosystem.
Multiple regions in Fujian announce suspension of subsidies for car replacement and renewal, etc.
36Kr learned that according to the news released by Fujian, multiple regions in Fujian have announced that they will suspend subsidies for car replacement and renewal, etc. Among them, Fuzhou will suspend the implementation of the car scrapping and renewal subsidy program across the city starting from 24:00 on November 17, 2025. Meanwhile, starting from 24:00 on November 21, 2025, it will stop accepting applications for the 2025 Fuzhou car scrapping and renewal subsidy. Quanzhou is about to stop implementing the 2025 electric bicycle trade - in program. Sanming is about to suspend the subsidy policies for home appliance trade - ins, purchasing new 3C digital products, home improvement in kitchen and bathroom, and car replacement and renewal. Putian will suspend the implementation of the car replacement and renewal subsidy program across the city starting from 00:00 on November 21, 2025, and will also stop the application for qualification vouchers.
DJI's Long-Range High-Precision LiDAR Factory Makes Its Debut
According to DJI, the company has publicly showcased its high-standard production line for the new long-range high-precision LiDAR factory for the first time. The production line mainly manufactures DJI's newly launched long-range high-precision LiDAR, Zenmuse L3. (Securities Times)
ASEAN Surpasses EU to Become Zhejiang's Largest Trading Market for the First Time
Reporters learned from Hangzhou Customs that in the first 10 months of this year, the total value of Zhejiang's (including Ningbo, the same below) imports and exports reached 4.6 trillion yuan, a year - on - year (the same below) increase of 5.3%, 1.7 percentage points higher than the national average. Among them, exports were 3.47 trillion yuan, up 6.9%, and imports were 1.13 trillion yuan, up 0.4%. Zhejiang's imports, exports, and imports accounted for 12.3%, 15.7%, and 7.4% of the national total respectively, ranking 3rd, 2nd, and 6th in the country in terms of scale. It is worth noting that ASEAN has surpassed the EU for the first time to become Zhejiang's largest trading market. (Zhejiang Daily)
Douyin Live Snipes at New Types of Vulgar Inducement for Tips, 88,000 People Penalized
36Kr learned that on November 14th, Douyin Live released the latest statistics. Since 2025, 88,000 people have been penalized for vulgar inducement for tips, and the live - streaming permissions of 117,000 accounts have been permanently revoked due to pornographic violations.
Xiaoyang Zhenxuan under Three Goats Quietly Resumed Broadcasting
On November 13th, Jiemian News learned that the official account of "Xiaoyang Zhenxuan", which has over 4 million followers on the Douyin platform, quietly resumed broadcasting. This is the first official company account to resume broadcasting on Douyin since Three Goats stopped broadcasting in September 2024. There was no pre - heating before the live - stream, but within just 20 minutes of going live, the number of viewers approached 20,000, and the number of online viewers exceeded 1,000.
During the live - stream, the sales volume of just one item, garbage bags, exceeded 500 orders within 20 minutes, with sales exceeding 10,000 yuan. All the products sold are self - operated daily necessities of Xiaoyang Zhenxuan, including toothbrushes, tissues, dental floss, etc. The overall style of the live - stream was rather reserved, different from the previous funny style. It is worth noting that this live - stream was hosted by an ordinary in - store live - stream anchor under Three Goats, and the much - anticipated Brother Xiaoyang did not appear in the live - stream room. Jiemian News sought more information from Three Goats Network regarding this matter, but as of the 14th, there was no response yet. (Jiemian News)
Dong Yuhui Accused of Poor English and Strange Pronunciation, with Serious Grammatical Errors in Every Sentence
Recently, Li Yang, the founder of Crazy English, has "turned the spotlight" on another former English teacher, Dong Yuhui. At an offline Crazy English event, Li Yang publicly evaluated Dong Yuhui's English performance. He claimed that after listening to Dong Yuhui's communication with a foreign diplomat, he found that "almost every sentence of Dong Yuhui had serious grammatical errors and his pronunciation was extremely strange. Therefore, it proves that New Oriental is not so good, and Yu Minhong's pronunciation is even worse." He also loudly emphasized, "The only way to learn oral English is Crazy English."
Li Yang didn't shy away from the potential impacts that the above remarks might bring after being spread on the Internet. He said, "This passage must be posted online to cause a huge stir." He also said that he "just loves causing a stir." On November 8th, Dong Yuhui once said in the comment section of the event "Walking with Hui" that "Sorry, I haven't used English for a long time and didn't have time to react when speaking. There were multiple grammatical errors in my oral English. Please give me more critical comments." (Jiemian News)
Cyberspace authorities strictly rectify the chaotic problem of using AI to impersonate public figures for live - streaming marketing
Recently, some online accounts have used AI technology to impersonate the images of public figures and posted marketing information in live - streaming, short - video and other segments, misleading netizens. This is suspected of false advertising and online infringement, seriously disrupting the online ecosystem and causing adverse effects. Cyberspace authorities have severely dealt with a number of illegal online accounts such as "Department Store Supermarket Shop", "Nana's Good Things Alliance", and "Global Skincare and Beauty Selection". At the same time, they have urged website platforms to issue governance announcements, draw inferences from one instance, and conduct centralized cleaning and rectification. So far, more than 8,700 pieces of relevant illegal information have been cleared, and more than 11,000 accounts impersonating public figures have been dealt with.
Next, cyberspace authorities will continue to strengthen the main responsibilities of website platforms, maintain a high - pressure and strict management stance on the problem of using AI to impersonate public figures for live - streaming marketing. For malicious marketing accounts, they will be discovered, dealt with and exposed in batches to maintain a good online ecosystem. (People's Daily)
Central Bank: Conduct 800 billion yuan of outright reverse repurchase operations on November 17 with a term of 6 months
36Kr learned that to maintain ample liquidity in the banking system, on November 17, 2025, the People's Bank of China will conduct 800 billion yuan of outright reverse repurchase operations through fixed - quantity, interest - rate tendering with multiple price winning bids, with a term of 6 months (182 days).
China's First Vehicle Carrier Meeting New International Standards for New Energy Vehicle Shipping Completed
On November 14, the liquefied natural gas dual-fuel powered vehicle carrier "NOCC PACIFIC" with a capacity of 7,000 vehicles was completed in Yantai, Shandong. This is China's first vehicle carrier that meets the new international standards for new energy vehicle transportation, marking a key breakthrough for China in the field of building specialized ships for new energy vehicle shipping. (CCTV News)
Apple's Appeal Against Antitrust Ruling Rejected by UK Competition Appeal Tribunal
On November 13, the UK Competition Appeal Tribunal rejected Apple's appeal against an earlier ruling that found it had abused its dominant market position. The tribunal ruled last month that Apple had abused its market dominance by charging excessive and unfair fees through its monopoly of the app market. The ruling exposes Apple to potential fines of over £1 billion. Although the UK Competition Appeal Tribunal has rejected Apple's appeal application, Apple can still appeal directly to the UK Court of Appeal. An Apple spokesperson said the company would take further action, and emphasized that the ruling showed a misleading understanding of the booming app economy and ignored the benefits Apple brings to developers and consumers. (Sina Finance)
Google Proposes Adjustment Plan for Advertising Technology in €3 Billion EU Antitrust Lawsuit
Google announced on November 14 that it disagrees with the European Commission's ruling on the company's advertising technology business and will file an appeal. Google stated that it has submitted a compliance plan as required. This plan comprehensively addresses the European Commission's ruling without making disruptive splits, avoiding harm to the interests of thousands of European publishers and advertisers who rely on Google's tools to expand their businesses. The plan includes immediate product adjustments to end the specific practices questioned by the European Commission. For example, when publishers use Google Ad Manager, they can set different minimum prices for different bidders. In September this year, the European Commission ruled that Google had abused its dominant position, distorting competition in the online advertising market, and fined Google €2.95 billion. (Cailian Press)
Musk Says 'Solar Energy Will Become the Largest Source of Electricity'
Elon Musk, the CEO of Tesla, recently claimed in a post on X that "solar power will become by far the largest source of electricity in human civilization." This bold prediction comes at a time when the technology industry is facing a severe power crisis triggered by the energy demand of artificial intelligence. (Sina Finance)
Tesla's in - car infotainment system is about to support Apple CarPlay, and internal testing has begun
According to Bloomberg reporter Mark Gurman, citing sources familiar with the matter, Tesla is adding support for Apple's CarPlay to its vehicles and has started internal testing. CarPlay is widely used in many automakers and can present an optimized iPhone interface on the in - car entertainment system, which is regarded as an essential feature by many drivers.
People familiar with the matter said that Tesla is discussing launching CarPlay in the next few months, but the plan has not been finalized and the release time may be postponed. Tesla plans to run CarPlay in a window on its own interface, and the Apple interface will not take over the entire system as it does in some models. CarPlay will also not access Tesla's features including FSD, and drivers still have to rely on Tesla's navigation app if they want to use FSD. (IT Home)
Jiang Zongxiang of Tsingtao Brewery Responds to Termination of Acquisition of Jimo Rice Wine: Diversification Strategy Remains Unchanged, New Mergers and Acquisitions Still Under Consideration
Jiang Zongxiang, the Party Secretary and Chairman of Tsingtao Brewery, said at the third - quarter earnings briefing that while the company continues to expand the beer market, it is also actively cultivating new economic growth points, and the company's diversification development strategy will not change. If there are new project opportunities in the future, we will still continue to consider implementation. In addition, in the first half of this year, according to the strategic deployment of the State - owned Assets Supervision and Administration Commission of Qingdao, Qingdao Beverage Group was merged into Tsingtao Brewery Group. The outside world is concerned about the business synergy between the two sides and the possibility of being incorporated into the listed company in the future. When responding to a question from a 21st Century Business Herald reporter, Jiang Zongxiang said that the beverage business of the group is different from the company's main beer business in terms of brand, products, and sales network. After the merger of the beverage group into Tsingtao Brewery Group, a comprehensive integration is being carried out at the group level. (21st Century Business Herald)
The Cutting - Edge of AI
Pulite: Accelerating the Use of Company Materials in the Humanoid Robot Industry
36Kr learned that Pulite stated on the interactive platform that the company attaches great importance to the application of materials in the robot industry, such as replacing steel with plastics, lightweighting, and functionalization. The company's products include modified PEEK, modified PPS, modified LCP, modified PA, TPE and other materials, which can be used for components such as joints, bearings, gears, bone supports, structural parts, and skins of humanoid robots. The company is actively conducting joint development and verification work with relevant customers in the above applications to accelerate the use of the company's materials in the humanoid robot industry.
OpenAI: ChatGPT Launches Group Chat Function
OpenAI announced on November 13th local time that starting from now, it will pilot a brand - new feature in some regions, enabling users to easily achieve interpersonal collaboration in the same conversation—even work in tandem with ChatGPT. Through the group chat function, users can invite friends, relatives, or colleagues into a shared space to jointly plan projects, conduct decision - making discussions, or engage in brainstorming. This feature is now being gradually rolled out on both mobile and web platforms for users who have logged in to the free, Go, Plus, and Pro versions of ChatGPT in regions such as Japan, New Zealand, and South Korea. (Jiemian News)
NetEase Cloud Music's Generative Recommendation Large Model Wins Best Paper Award at Global Academic Conference CIKM2025
36Kr learned that on November 12th, the generative recommendation large model "Climber" of NetEase Cloud Music officially won the Best Paper Award in the application category at the global academic conference CIKM2025. The generative recommendation large model "Climber" of NetEase Cloud Music systematically solved the scaling problem of the Transformer architecture's scaling law in the recommendation scenario, and innovatively adopted a multi - hybrid sequence modeling scheme and a new multi - task learning paradigm.
Australian AI firm Firmus, backed by NVIDIA, raises $325 million in financing
Australian firm Firmus announced on November 14 that it will raise A$500 million ($324.9 million) in a new round of financing. This artificial intelligence company and potential IPO candidate hopes to accelerate the development of its AI infrastructure project, Project Southgate. According to a person familiar with the matter, this financing is the second in two months and is supported by U.S. chip giant NVIDIA and domestic fund management company Ellerston Capital. These two investors are already supporters of Firmus and participated in earlier financing rounds. (Sina Finance)
IPO in progress
Zejing Pharmaceutical: Plans to Issue H-Shares and List on the Hong Kong Stock Exchange
36Kr learned that Zejing Pharmaceutical announced that the company plans to issue overseas - listed shares (H - shares) and apply for listing on the Main Board of the Hong Kong Stock Exchange to meet the needs of the company's internationalization strategy and overseas business layout and enhance the company's international brand awareness. This issuance and listing still need to be submitted to the company's shareholders' meeting for deliberation and require the filing, approval or verification of relevant government agencies and regulatory authorities. Currently, the company is discussing the relevant work of this issuance and listing with relevant intermediary institutions, and the specific details have not been finally determined.
Investment and Financing
"Dealism" Completes $15 Million Angel Round of Financing
36Kr has learned that "Dealism," the world's first Vibe Selling AI Agent company founded by Huan Fang, the former COO of Youzan, announced today that it has completed a $15 million angel round of financing. The round was led by GL Ventures, with Sequoia China, Linear Capital, and other investors following.
Dexmal Yuanli Lingji Completes Series A+/A Rounds of Financing, with Nearly 1 Billion Yuan Raised in Two Rounds
36Kr learned that recently, the embodied intelligence company Dexmal Yuanli Lingji announced the completion of hundreds of millions of yuan in Series A+ financing, with Alibaba as the sole investor. Previously, the company's Series A financing was led by NIO Capital, followed by Hongtai Fund, Lenovo Capital & Incubation Group, Wuxi Venture Capital, and Zhengjing Fund. Existing shareholder Legend Capital made an oversubscribed follow - on investment, and Qiming Venture Partners and Jiukun Venture Capital also made follow - on investments. The total amount of the two rounds of financing is nearly 1 billion yuan, and the funds will be mainly used for the R & D and implementation of software and hardware technologies for embodied intelligent robots.
Going Public in Progress
Actions Semiconductor Co., Ltd.
36Kr learned that Actions Semiconductor Co., Ltd. announced that in order to advance its global development strategy and overseas business layout, and enhance its brand influence and core competitiveness, the company is planning to issue overseas shares (H shares) and list on the Hong Kong Stock Exchange. The relevant details have not been finalized, and it will not lead to changes in the company's controlling shareholder and actual controller. After the specific plan is determined, it still needs to be submitted to the company's board of directors and shareholders' meeting for review, and approved, verified or filed by relevant regulatory authorities. There is significant uncertainty regarding this matter. Please note the investment risks.
Cool Products
Xiaodu AI Glasses Pro Officially Launched
36Kr learned that on November 13th, the Xiaodu AI Glasses Pro were officially launched. The new product is equipped with the newly released multi-modal AI intelligent assistant by Xiaodu Technology - "Super Xiaodu". It is understood that the body of this new AI glasses weighs only 39 grams and is equipped with the first-generation Snapdragon AR1 platform.
The ETCS-400T on-board product developed by CRSC has obtained the official operating license in Austria
36Kr learned that according to CRSC, recently, the ETCS-400T on-board product developed by CRSC Research & Design Institute Group has successfully obtained the operating authorization in Austria. This is the first time that Chinese on-board signaling products have won the official operating license in Austria, marking that China's high-speed rail on-board signaling technology has successfully opened the door to the core European market.
A Mini Survey on Young People's "Ideal Mobile Phones"
Where is the most competitive place in the world? The 3C digital market is surely one of them. However, as mobile phones become more and more powerful, there seem to be fewer and fewer interesting products. Even though manufacturers compete with each other every year in terms of who has a faster chip, more cameras, or a higher benchmark score, when looking at the newly released mobile phones this year, there always seems to be something missing.
Facing manufacturers who are extremely competitive in terms of specifications on one hand, and young people who hold top - of - the - line flagship phones but actually have no real use for them on the other hand, we can't help but ask: Are you really satisfied with your mobile phone? Do you really think your phone is "fun and interesting"? Are there any bugs that make you frustrated? What exactly does your "ideal mobile phone" look like? Welcome to share your wishes in this mini survey on young people's "ideal mobile phones". You should always have hopes, as they might just come true!
Scan the QR code to participate in the survey
Compilation | Chenxi