8:00 am, 1st Kr. Ctrip responds to the case-filing investigation for suspected monopoly behavior; An insider from Cha Yan Yue Se responds to the issue of half a cup of tea disappearing without being drunk; Lao Gan Ma responds to the claim that "the taste has changed".
Today's Hotspot Guide
People familiar with the matter: Coca-Cola has abandoned its plan to sell Costa Coffee.
In 2025, China's auto production and sales hit a record high, ranking first in the world for 17 consecutive years.
Yaya Down Jacket brand responds to the controversy of "dual standards and dual codes".
Tesla adjusts the overstay fee at its Supercharger stations.
Trump hints: Apple has invested in Intel.
Top 3 Big News
Ctrip: Will Actively Cooperate with the Investigation of Regulatory Authorities and Fully Implement Regulatory Requirements
36Kr learned that on January 14th, according to the news from Ctrip's official bulletin board, recently, Ctrip received a notice from the State Administration for Market Regulation to legally initiate an investigation into Ctrip's suspected monopoly behavior. The company will actively cooperate with the investigation of regulatory authorities, fully implement regulatory requirements, and work together with all parties in the industry to build a sustainable market environment. Currently, all business operations of the company are running normally, and it will, as always, provide high - quality services to a large number of users and partners.
Previously, 36Kr learned that based on the preliminary verification, the State Administration for Market Regulation initiated an investigation into Ctrip Group Co., Ltd. for suspected abuse of market dominance to implement monopoly behavior in accordance with the Anti - monopoly Law of the People's Republic of China.
Cha Yan Yue Se claims that the drink becoming half a cup after being left for a while is a technological feature: The milk foam will naturally dissolve after coming into contact with air, and consumers have been reminded to "drink as soon as possible" in stores and on the mini-program.
Recently, many netizens reported that after buying the foam series drinks of Cha Yan Yue Se and leaving them for a few minutes, there was only half a cup of drink left in the cup, which sparked heated discussions among netizens.
In response, the national customer service of Cha Yan Yue Se said that the freshly whipped milk foam in the "foam series" drinks is a characteristic and an integral part of the drink that can be consumed. Since the milk foam will naturally dissolve after coming into contact with air, the company has reminded consumers to "drink as soon as possible" in stores and on the mini-program. Regarding the suggestion from consumers that "the composition of the drink's volume should be clearly informed before sales", the customer service staff said that consumers can actively inquire when purchasing, and the store clerks will provide answers. However, due to daily operations, the stores cannot guarantee to introduce the specific ingredients and volume of each drink in detail to every customer.
According to the Aiqicha App, Hunan Chayue Cultural Industry Development Group Co., Ltd., the affiliated company of Cha Yan Yue Se, has applied for design patents for items such as "aromatherapy bottles", "packaging bottles", and "cups"; and has registered copyrights for works such as the "Sun and Moon Intimate Tea Gift Box", "Wedding Tea Bags - Rose Black Tea", and "Formula Bottles - All Things in Bottles". (Jing Shi Live)
Laoganma Responds to Claims of "Changed Taste"
Recently, the topic of "Laoganma changing its taste to save costs" has sparked heated discussions among netizens. Some consumers have reported that the taste of Laoganma has changed. Some consumers have also complained that the taste of the fermented black beans is different and the chicken content has decreased. Some people have speculated that it has changed the chili raw materials. In response, relevant staff from Guiyang Nanming Laoganma Flavor Food Co., Ltd. responded. They denied the claim of adjusting raw materials to save costs and stated that if there are differences in the product's taste, it may be due to the improvement of consumers' living standards and their increasingly high requirements for taste, as well as different personal taste preferences. The staff also emphasized that Laoganma's raw materials, production processes and recipes have not changed. (Jinyun News)
Large Companies/Big Events
Chen Wei, Former Assistant of Jack Ma, Reportedly Passed Away
On January 14th, Ni Shu's Thinking in the Dark Time, an e - commerce influencer, posted a message revealing that Chen Wei, the former assistant of Jack Ma, had passed away. The well - known director Zhang Jizhong and his wife, Alibaba CEO Wu Yongming, and Alibaba founder Jack Ma and his wife presented wreaths to Chen Wei. The elegiac couplet from Jack Ma and his wife read: "Live sincerely, love freely; Enjoy an interesting soul and gain a lifetime of friendship." (Red Star News)
JD Logistics: Plans to Offer Shareholders of Debang 3.797 Billion Yuan in Cash Options
36Kr learned that on the evening of January 13, JD Logistics announced in the Hong Kong Stock Exchange that on January 13, Suqian JD Zhuofeng (a wholly - owned subsidiary of the company and also the indirect controlling shareholder of Debang) proposed and it was approved by the Debang board of directors. Debang intends to voluntarily withdraw the listing of Debang shares on the Shanghai Stock Exchange through the approval of the Debang shareholders' meeting. As part of the proposed delisting plan, the buyer (a wholly - owned subsidiary of the company) will, after obtaining the approval of Debang's shareholders, immediately issue a proposed cash option to Debang shareholders to acquire Debang's target shares (i.e., all of Debang's remaining shares, excluding the shares already owned by the Group and its concerted action parties and the cancelled shares of Debang) at a price of RMB 19.0 per share. As of the date of this announcement, Debang shareholders hold a total of 202,782,159 Debang shares (excluding Debang's treasury shares), and the proposed cash option may cover these Debang shares. Therefore, based on the option price and assuming that all proposed cash options are fully exercised by Debang shareholders, the value of the proposed cash option is estimated to be approximately RMB 3.797 billion. As of the date of the announcement, the Group holds approximately 80.01% of the total Debang shares (excluding Debang's treasury shares), and Debang is a consolidated subsidiary of the company. After obtaining the approval of Debang's shareholders' meeting for the delisting, Debang will submit an application for delisting.
The Lunar Horse New Year commemorative coins and banknotes sold out in seconds, and the prices soared to 1,000 yuan on the second - hand platform
On the evening of January 13th, the official reservation channels for the 2026 Lunar Horse New Year commemorative coins and banknotes were officially opened. The reservation for the commemorative coins started at 22:00, and the reservation for the commemorative banknotes followed at 22:30. The online reservation systems of many banks were instantly under pressure, and both types of products were quickly sold out. Topics such as "Can't grab the Lunar Horse New Year commemorative coins" and "Grabbing the Lunar Horse New Year banknotes is harder than grabbing concert tickets" quickly topped the hot search lists. After the reservation frenzy, the second - hand trading market immediately heated up, and the prices of the whole set of commemorative coins and banknotes increased significantly.
As soon as the official reservation ended, a large number of information about selling at a premium emerged on the second - hand trading platforms. The face value of a set of 20 commemorative coins and 20 commemorative banknotes was originally 600 yuan. On January 14th, a reporter from Jiemian News checked the Xianyu platform and found that the asking price for a full set including commemorative coins and banknotes was around 1,000 yuan, and the asking price of some sellers had reached 2,000 yuan. (Jiemian News)
People familiar with the matter: Coca-Cola has abandoned the plan to sell Costa Coffee
It is reported that Coca-Cola has abandoned the plan to sell Costa Coffee because the offers from private equity acquirers did not meet its expectations. This marks another setback for the company during its ownership of the struggling British coffee chain. According to two people familiar with the matter, the American soft drink giant terminated negotiations with the remaining bidders in December last year, halting the months-long auction process. (Sina Finance)
In 2025, China's automobile production and sales hit a new record high, ranking first in the world for 17 consecutive years
The latest data released by the China Association of Automobile Manufacturers on the 14th shows that in 2025, the Chinese automobile industry continued to demonstrate strong development resilience and vitality, with multiple economic indicators reaching new highs. In 2025, the production and sales of automobiles were 34.531 million and 34.4 million respectively, a year-on-year increase of 10.4% and 9.4% respectively. The production and sales hit a new record high, ranking first in the world for 17 consecutive years. New driving forces were released at an accelerated pace. The production and sales of new energy vehicles exceeded 16 million, of which the domestic new car sales accounted for more than 50%, becoming the dominant force in the Chinese automobile market. In terms of foreign trade, it showed strong resilience. The automobile exports exceeded 7 million, and the export scale reached a new level. Among them, the exports of new energy vehicles reached 2.615 million, a year-on-year increase of 100%. (CCTV News)
Yaya Down Jacket's "Dual Standards and Dual Codes" Spark Controversy, Brand Responds
Recently, a consumer claimed that they purchased a Yaya down jacket online and found two markings that resembled trademarks, with different sizes marked. This incident has attracted a great deal of attention. According to photos of the down jacket circulating online, the main label on the back inside of the garment reads "lUXURY HIGH" and the size is 2XL; there is also a Yaya label in the inner pocket, with the size marked as M. For this reason, the netizen suspected that they had bought a "relabeled" product. The consumer said that they bought the down jacket on Yaya's official Tmall flagship store on December 25, 2025, and paid 539 yuan in total.
When interviewed by Jimu News, the brand side of Yaya down jackets stated that what the consumer reported was not two trademarks, but a design element marking and a trademark. Regarding the issue of inconsistent sizes, they have reported it as a typical case to the relevant departments immediately. In the future, they will strengthen self - inspection, self - correction, and self - examination, and strictly regulate the production process. (Jiemian News, Jimu News)
Audi delivered approximately 1.62 million vehicles globally in 2025, a year-on-year decrease of 2.9%
36Kr learned that Audi's released data shows that in 2025, Audi delivered 1,623,551 vehicles to global customers, a 2.9% decrease compared to the previous year.
Baoneng Chairman Yao Zhenhua Files a Real - Name Report
Yao Zhenhua, the chairman of Baoneng Group and the actual controller of Qoros Auto, filed a real - name report through Baoneng Group's WeChat official account on January 14th to the Supreme People's Court and the Higher People's Court of Jiangsu Province. He reported that relevant leaders in Changshu City, the Management Committee of Changshu Economic Development Zone, and the People's Court of Changshu City had illegal actions in a 270 - million - yuan enforcement case of Qoros Auto. These actions included illegally establishing a liquidation working group, forcibly sealing and controlling the factory equipment of Qoros Auto, over - seizing and enforcing, and forcibly auctioning the core assets such as the land, factories, regular machinery equipment, and special - model equipment of Qoros Auto.
Yao Zhenhua said that according to the assessment by a third - party institution, the value of the assets sealed and controlled by the People's Court of Changshu City was 8 billion yuan, but the Changshu City Court only undervalued them at 1.5 billion yuan. Moreover, after the Intermediate People's Court of Suzhou accepted the case of Qoros Auto's bankruptcy and reorganization, the Changshu court illegally and rapidly promoted the first and second auctions. At the same time, he stated that Qoros Auto had great reorganization value. The relevant actions of the Changshu side would cause Baoneng Group, the shareholder of Qoros, to lose its 26 - billion - yuan investment. It would also damage the legitimate rights and interests of the shareholders, as well as the legitimate rights and interests of a total of 13.9 billion yuan in debts of 1,500 suppliers and dozens of institutional creditors. (Observer.com)
Tesla Adjusts Overstay Fees at Supercharger Stations
On January 14th, the new rules for overstay fees at Tesla Supercharger stations in mainland China officially took effect. This adjustment includes two major core changes: First, the fee - triggering conditions are more user - friendly. The overstay fee (6.4 yuan per minute) will only be charged when there are no available parking spaces at the Supercharger station. Second, the grace period for staying has been significantly extended from the original 5 minutes to 20 minutes. If the vehicle leaves the charging spot within 20 minutes after the charging fee starts to be calculated, no overstay fee will be charged. In addition, the Tesla mobile app will send two reminders to the vehicle owner when the vehicle is about to be fully charged and when it is fully charged. If the charging connector is not plugged back into the charging pile, an overstay fee will be incurred. Tesla also said that in its future vision, vehicles will be able to automatically leave the charging station after being fully charged to improve the efficiency of the charging network. (IT Home)
Amazon May Continue to Appeal Against Italian Antitrust Fine
It is reported that after an Italian court reduced the fine imposed on US e-commerce giant Amazon by the country's antitrust regulator, Amazon will still appeal against the ruling, as the company believes the accusations from the Italian antitrust regulator are completely unfounded. On January 12 local time, the Italian antitrust authority said it had reduced the €1.13 billion fine imposed on Amazon in 2021 to €752.4 million (approximately $876.3 million). The fine was imposed because Amazon abused its market dominance and restricted competition in the Italian e-commerce logistics service sector. (Sina Finance)
New Leak about iPhone 18 Pro: The Dynamic Island of iPhone 18 Pro May Shrink
It is reported that Apple will make a major strategic adjustment to the release rhythm of iPhones, breaking the convention of "unified release of new iPhones every autumn" over the years and changing to launching new models twice a year to re - divide the product release time and positioning.
According to the plan, three high - end models will debut first in the autumn of 2026, including the iPhone 18 Pro, iPhone 18 Pro Max, and the highly anticipated foldable iPhone. The more affordable iPhone 18 and iPhone 18e will be postponed to the spring of 2027 for release. The core highlight of this product update is that the iPhone 18 Pro series will shrink the Dynamic Island for the first time. According to a blogger's leak, the iPhone 18 Pro is equipped with a 6.27 - inch LTPO 120Hz screen, and the iPhone 18 Pro Max is equipped with a 6.85 - inch LTPO 120Hz screen. These two screens place a part of the Face ID components under the screen, realizing in - screen face recognition, while the front still uses the traditional punch - hole design. The shrinkage of the Dynamic Island is not simply a change in size but a morphological reconstruction after a technological breakthrough. Apple uses the "spliced micro - transparent glass + sub - pixel optimization" technology to hide the Face ID sensors under the screen, which not only retains the secure unlocking experience but also increases the screen - to - body ratio. The interactive functions of the original Dynamic Island may also be upgraded and adapted. (Kuaikeji)
Musk Says Tesla Will Switch FSD Function to Monthly Subscription Model
Tesla CEO Elon Musk said on Wednesday that the electric vehicle manufacturer will stop selling its Full Self - Driving (Beta) software at a fixed price, and the feature will only be available on a monthly subscription basis in the future. "Tesla will stop selling the Full Self - Driving software after February 14," Musk wrote in an early morning post on his social platform X. "After that, the Full Self - Driving feature will only support monthly subscriptions." (Sina Finance)
Trump Hints: Apple Has Invested in Intel
According to the video released by the White House, Trump revealed in an interview that "Apple has invested in Intel." So far, neither Apple nor Intel has confirmed this. (Sina Finance)
Apple Launches Creator Studio to Drive Service Development and Adds AI Features
Apple launched the Apple Creator Studio on the 13th, a new subscription - bundled professional creative software priced at $12.99 per month or $129 per year. This comes as the company ramps up its promotion of paid services for creators, students, and professionals. The package also adds premium content and new artificial intelligence features to Apple's productivity apps Keynote, Pages, and Numbers, while the digital whiteboard app Freeform will receive enhanced features later. (Sina Finance)
U.S. luxury retailer Saks Global files for bankruptcy protection
U.S. high - end department store group Saks Global filed for bankruptcy protection late on the 13th local time. This is one of the largest retail closures in the United States since the pandemic. (Sina Finance)
Three Departments Hold a Symposium for New Energy Vehicle Industry Enterprises: Resolutely Resist Unordered "Price Wars"
36Kr learned that the First Department of Equipment Industry of the Ministry of Industry and Information Technology, the Department of Industrial Development of the National Development and Reform Commission, and the Bureau of Price Supervision and Anti - unfair Competition of the State Administration for Market Regulation jointly held a symposium for new energy vehicle industry enterprises on January 14 to deploy work related to regulating the competition order of the new energy vehicle industry. Relevant responsible comrades from units such as the Equipment Industry Development Center of the Ministry of Industry and Information Technology, the China Association of Automobile Manufacturers, and 17 key automobile enterprises attended the meeting. The meeting required in - depth implementation of the decisions and arrangements of the CPC Central Committee and the State Council, adherence to innovation - driven development and quality - first principle, resolute resistance to unordered "price wars", and promotion of the establishment of a market order featuring high - quality products at reasonable prices and fair competition.
US State Department Confirms Suspension of All Visa Processing for 75 Countries
On the 14th local time, a spokesperson for the US State Department said that the Trump administration will suspend all visa processing for 75 countries. The spokesperson did not elaborate on the plan. It is reported that the relevant suspension measures will take effect on the 21st and will last until the re - evaluation is completed. A memo from the US State Department instructs consular officers to deny visa issuance based on existing laws during the re - evaluation of screening and review. The affected countries include Somalia, Russia, Afghanistan, Brazil, Iran, Iraq, Egypt, Nigeria, Thailand, Yemen, etc. (CCTV News)
AI Chatbot Allegedly Generated Violation Images, California Demands Response from Musk's Company
On January 14 local time, an official from California, USA, stated that in view of the fact that American entrepreneur Elon Musk's artificial intelligence company xAI's chatbot "Grok" generated and spread unauthorized violation images, which has drawn global attention, they are demanding a response from the company. California Attorney General Rob Bonta posted on a social media platform, saying, "We are demanding that xAI immediately provide a clear response on how it plans to prevent the generation and spread of such content." Earlier that day, Musk said that he was unaware that "Grok" had generated any "naked images of minors." Currently, "Grok" is facing dual pressures from regulation and public opinion globally due to the related controversy. Governments of many countries and women's and children's rights organizations have called on Apple and Google to remove the app from their app stores. (CCTV News)
Sunflower: Investigation Launched for Alleged Violations in Information Disclosure, Reorganization Plan Terminated
36Kr learned that Sunflower announced on January 14th that the company received a "Notification of Case Filing" issued by the China Securities Regulatory Commission (CSRC). Due to the company's alleged violations in information disclosure, the CSRC decided to launch an investigation into the company. Currently, the company's various production and business activities are carried out normally and in an orderly manner. This investigation will not have a significant impact on the company's daily production, operation, and management. On the same day, Sunflower also announced that the company originally planned to acquire 100% equity of Xipu Materials and 40% equity of Zhejiang Bide Pharmaceutical through the issuance of shares and cash payment, and at the same time, planned to issue shares to raise supporting funds. As the company received the "Notification of Case Filing" issued by the CSRC, according to relevant regulations, the company does not meet the conditions for issuing shares to purchase assets. Therefore, it decided to terminate this reorganization plan.
All three major U.S. stock indexes closed lower, with Ctrip down more than 17%
36Kr learned that at the close on January 14, all three major U.S. stock indexes fell. The Dow Jones Industrial Average dropped 0.09%, the Nasdaq Composite declined 1%, and the S&P 500 Index fell 0.53%. Most large technology stocks declined. Oracle was down more than 4%, Amazon, Microsoft, and Meta dropped more than 2%, and NVIDIA, Tesla, and Netflix fell more than 1%. Apple and Google had slight declines. Most popular Chinese concept stocks fell. Ctrip was down more than 17%, Futu Holdings and Tiger Brokers dropped more than 5%, Pinduoduo fell nearly 4%, and Li Auto, NIO, and XPeng Motors declined more than 2%. 36Kr rose more than 8%, Bilibili climbed more than 6%, and Alibaba gained more than 1%.
China Unicom: Director Tang Guoliang Resigns
36Kr learned that China Unicom announced that Tang Guoliang submitted a written resignation letter to the board of directors of China United Network Communications Group Co., Ltd. due to work arrangements, resigning from his positions as a director of the company and a member of the board's Development Strategy Committee and Audit and Risk Committee. The resignation took effect on January 14, 2026.
HSBC Reportedly Considering Selling Its Singapore Insurance Business, Valuation May Exceed $1 Billion
According to people familiar with the matter, as Chief Executive Officer Georges Elhedery leads a global business restructuring, HSBC Holdings is exploring different options for its Singapore insurance business, including selling it. The bank and a financial advisor are evaluating HSBC Life (Singapore) Pte Ltd, and its valuation in a transaction could exceed $1 billion. They said that other insurers and investment firms have expressed preliminary interest. (Sina Finance)
The White House of the United States announced a 25% tariff increase on specific semiconductors, etc.
On the 14th local time, the White House of the United States announced that starting from the 15th, an additional 25% ad - valorem import tariff will be imposed on some imported semiconductors, semiconductor manufacturing equipment, and derivatives. (CCTV News)
Going public in progress
Donpeng Beverages
36Kr learned that according to the Hong Kong Stock Exchange, Donpeng Beverages has passed the listing hearing of the Hong Kong Stock Exchange.
Dinglong Co., Ltd.
36Kr learned that Dinglong Co., Ltd. announced that the company is currently planning to issue shares overseas (H shares) and list on The Stock Exchange of Hong Kong Limited. The company is discussing the specific implementation work of this H-share issuance and listing with relevant intermediary institutions, and the relevant details have not been determined. This H-share issuance and listing will not result in changes to the company's controlling shareholder and actual controller.
Montage Technology
Market news: Montage Technology is reported to seek to raise about $900 million through a Hong Kong listing. Alibaba may invest in Montage Technology's Hong Kong listing transaction. (Sina Finance)
Suzhou Good-Ark Electronics Co., Ltd.
36Kr learned that Suzhou Good-Ark Electronics Co., Ltd. announced that on January 14, 2026, the company received the "Notification Letter of the Review Center's Opinions on the Application of Suzhou Good-Ark Electronics Co., Ltd. for a Private Placement of Stocks" issued by the Shenzhen Stock Exchange. The issuance and listing review institution of the Shenzhen Stock Exchange reviewed the application documents for the company's private placement of stocks and believes that the company meets the issuance conditions, listing conditions, and information disclosure requirements. The company's private placement of stocks this time still needs to obtain the registration approval from the China Securities Regulatory Commission before it can be implemented.
The Cutting-Edge of AI
OpenAI May Be Developing an AI Device to Compete with Apple AirPods
According to sources, OpenAI is developing an AI device to compete with Apple AirPods, with an internal code name of Sweetpea. The leaker said that Foxconn has been informed to prepare in advance for the production of five devices including earphones and styluses, but Sweetpea will be produced with priority. The market expects that Sweetpea will have functions such as making phone calls and playing audio. (Cailian Press)
Google Announces the Launch of Open-Source Medical Model MedGemma 1.5
Google has announced the launch of the new-generation open-source medical AI model, MedGemma 1.5, which enhances the support for medical imaging. Google has also released the open-source medical speech-to-text model, MedASR. (Cailian Press)
MiniMax Announces Open-Sourcing of a New Evaluation Set for Coding Agents
36Kr learned that MiniMax has announced the open-sourcing of a new evaluation set for Coding Agents, OctoCodingBench.
ByteDance is developing a new generation of Doubao AI headphones, to be manufactured by Goertek
It is reported that recently, it was learned from supply chain sources that ByteDance is developing a new generation of Doubao AI headphones, which will be manufactured by Goertek. "Goertek has currently established a dedicated business group (BG) to take overall charge of ByteDance-related business." The source also said, "It is not difficult to see from such internal resource allocation the importance Goertek attaches to cooperation with ByteDance." In addition, a source close to ByteDance said, "ByteDance currently has no plan to launch the next-generation headphones." (Caixin)
Alibaba Cloud's Goal for 2026: Capture 80% of the Incremental Market Share in China's AI Cloud Market
It is learned from Alibaba Cloud that Liu Weiguang, a senior vice president of Alibaba Cloud Intelligence Group and the president of the Public Cloud Business Unit, said, "Alibaba Cloud aims to capture 80% of the incremental market share in China's AI cloud market in 2026." Liu Weiguang added that even 10% of the incremental market share in the next year will be greater than the total market share of the previous year. Therefore, past achievements are not important, and the changes are just beginning. (The Paper)
British Council Launches First Locally Developed AI Mock Test Product for IELTS Writing
36Kr learned that the British Council officially launched its IELTS WriteUp, an AI mock test product for IELTS writing independently developed in China, in Beijing on January 14th.
Google Launches Personal Intelligence Feature in Gemini
Google has now opened user testing for a brand - new artificial intelligence tool. This tool can integrate information from multiple apps such as Gmail and Google Photos, and provide personalized responses for users in the Gemini chatbot. Google said in a blog post released on the 14th that this feature called Personal Intelligence is currently available for personal accounts. (Sina Finance)
Financial Reports of Big Companies
CITIC Securities: Net profit of 30.051 billion yuan in 2025, a year-on-year increase of 38.46%
36Kr learned that CITIC Securities released its 2025 performance report. The report shows that in 2025, the operating income was 74.83 billion yuan, a year-on-year increase of 28.75%; the net profit was 30.051 billion yuan, a year-on-year increase of 38.46%.
Tencent Holdings received a net purchase of HK$2.009 billion from southbound funds
Southbound funds made a net purchase of HK$2.865 billion on January 14. Tencent Holdings, Alibaba Health, and Alibaba - W ranked top three in terms of net purchase amount, with net purchases of HK$2.009 billion, HK$1.458 billion, and HK$1.134 billion respectively. In terms of net sales, China Mobile, Xiaomi Corporation - W, and XtalPi Holdings were net sold HK$913 million, HK$423 million, and HK$309 million respectively. (Yicai Global)
China CITIC Bank: Net profit of 70.618 billion yuan in 2025, a year-on-year increase of 2.98%
36Kr learned that China CITIC Bank released its performance report for 2025. The report shows that in 2025, the bank achieved a total operating income of 212.475 billion yuan, a year-on-year decrease of 0.55%; the net profit attributable to shareholders of the bank was 70.618 billion yuan, a year-on-year increase of 2.98%. The non-performing loan ratio was 1.15%, and the provision coverage ratio was 203.61%. The total assets amounted to 1,0131.658 billion yuan, and the owners' equity attributable to common shareholders of the bank was 723.861 billion yuan.
Qinchuan IoT: Expected net profit attributable to the parent company to incur a loss of 100 million - 120 million yuan in 2025
36Kr learned that Qinchuan IoT released its performance forecast for 2025. The report shows that, according to the preliminary calculations of the company's finance department, it is expected that the net profit attributable to the owners of the parent company in the year 2025 will decline compared with the same period of the previous year (legally disclosed data). The net profit attributable to the owners of the parent company is expected to be between -100 million yuan and -120 million yuan, a year-on-year decrease of 53.29% to 83.95%.
Hytera Communications: Net profit is expected to be negative in 2025
36Kr learned that Hytera Communications announced that due to factors such as adjustments and cyclical fluctuations of industry customers, as well as continuous increased investment in innovative businesses, the net profit attributable to shareholders of the listed company in 2025 is expected to be negative, and the company's operating performance in 2025 will result in a loss.
Investment and Financing
Cathay Capital Leads a New Round of Financing for "DeepWisdom"
On January 14th, Cathay Capital officially announced that it is leading a new round of financing for "DeepWisdom" (Product Name: Atoms). The core goal of this product is to enable AI to directly build, launch, and operate real - world businesses in a team - based manner. The funds from this round will be mainly used for the continuous R & D of multi - agent systems, the large - scale implementation of the product, and the expansion into global markets. As of now, DeepWisdom has successfully completed Series A and Series A+ financing, totaling $31 million.
US Aerospace Startup JetZero Completes Nearly $175 Million in Financing
US aerospace startup JetZero announced on January 13 (local time) that it had completed nearly $175 million in Series B financing. This round of financing was led by B Capital, with participation from United Airlines Ventures, 3M Ventures and others. The statement said that JetZero has received over $1 billion in total funds, including government grants, incentives and commercial commitments. (Jiemian News)
"Moushen Intelligence" Completes Over Ten Million RMB Angel Round Follow - on Investment
36Kr learned that recently, "Moushen Intelligence", the world's first generative general embodied brain company, completed an angel - round follow - on investment of over ten million RMB. The investor is Xuhui Capital. The funds from this round of financing will be mainly used for computing power procurement, expansion of the engineering team, and construction of the robot experimental platform. At the same time, the company officially moved into "MoSu Space", the core carrier of the artificial intelligence industry in Xuhui District.
Compiled | Exploding Cheese Tofu