At 8:00, Kr 1st News: The WeChat public relations director responded to the blocking of Yuanbao links; vivo confirmed the project of a Vlog camera, competing with DJI. Jia Guolong's Weibo account was unblocked, and the first post was a science - popularizing video about frozen broccoli.

Today's Hot Topics Guide

Semaglutide sold for 250.8 billion yuan last year.

National Healthcare Security Administration: Conducted collective interviews with medical insurance designated medical institutions for mental illnesses.

Multiple small and medium-sized banks announced an increase in deposit interest rates.

Two UK regulatory agencies are investigating the turmoil surrounding Elon Musk's AI chatbot "Groq".

Bill Gates apologized and responded to his ex-wife's revelations.

TOP 3 Big News

WeChat Public Relations Director Responds to Blocking Yuanbao Links: Yuanbao AI Has Changed Red Envelope Sharing to "Password Red Envelopes" in Response to Violations

It is reported that WeChat Moments released an announcement on cracking down on third-party inducement-to-share behaviors, stating that it will crack down on violations such as excessive marketing and inducement-to-share that have broken out on a large scale with the Spring Festival as the theme. Against this background, we have received feedback and complaints from users regarding Yuanbao. Its relevant Spring Festival marketing activities involve inducing users to frequently share links to WeChat groups and other scenarios through methods such as "completing tasks" and "receiving red envelopes", which interferes with the platform's ecological order, affects user experience, and causes harassment to users. After assessment, the violating links of Yuanbao have been dealt with, and their direct opening within WeChat is restricted. The relevant disposal measures take effect immediately.

WeChat Public Relations Director "WeChat Aunt Zhou" posted on Weibo, saying that user experience comes first and all are treated equally, and also posted an emoji "I even beat myself when I go crazy". In response to netizens' reactions about the negative experience of the Yuanbao APP caused by this move, a person close to Tencent's internal staff told a reporter from Science and Technology Innovation Board Daily that the optimized and adjusted Yuanbao red envelope sharing mechanism has been launched, and it has been urgently relaunched and changed to "password red envelopes". (36Kr, Cailian Press, Red Star News)

vivo Confirms Project Initiation for Vlog Camera, Competing with DJI

On February 4th, vivo confirmed to Jiemian News that it internally initiated a project for a Vlog camera at the end of 2025. The product is designed to compete with DJI's Pocket series. Currently, the official name of the product has not been confirmed, and it is expected to be released in 2026. (Jiemian News)

Jia Guolong's Weibo account unlocked, first post is a science popularization video on frozen broccoli

On February 4th, it was reported that the Weibo account "Jia Guolong of Xibei" of Jia Guolong, the founder of Xibei Catering Group, was unlocked on February 3rd. The first post after the unlocking was a science popularization video titled "Why is Xibei's organic broccoli frozen?" The video was reposted from the official Weibo account of "Xibei XIBEI". The science popularization video shows that from the time of picking to transportation and then to sale, the cycle of broccoli is long. During this period, due to improper handling, collisions, and poor preservation, there may be problems such as microbial growth, excessive pesticide residues, and nutrient loss. Moreover, since Xibei's broccoli is organically grown, it is prone to having insect eggs and impurities. Therefore, after picking, it will be thoroughly cleaned at the origin immediately. The processed broccoli will be sent to a quick-freezing machine at minus 38 degrees Celsius and quickly frozen to below minus 18 degrees Celsius within a short time. Although the 24 months marked on the packaging is the shelf life of quick-frozen vegetables in line with national standards, the usage period of Xibei's broccoli in stores is one month. (Jiemian News)

Big Companies/Big Events

Chow Sang Sang's Gold Pendant with Gold Content Dispute Sealed and Sent for Inspection

At around 11 a.m. on February 4th, according to the Qingcheng District Market Supervision and Administration Bureau of Qingyuan City, Guangdong Province, regarding the dispute over the gold content of a gold pendant at the Chow Sang Sang store in Shunying Times Square, the Qingcheng District Market Supervision and Administration Bureau sealed the samples on the afternoon of the 3rd in the presence of both parties involved. The samples were sent for inspection by the market supervision and management department on the morning of February 4th. Currently, both parties involved are at the testing site. A staff member of the bureau introduced that the inspection agency for this time has the qualification for appraisal, and the results issued are legally binding. To ensure that the testing process is not interfered with, the staff of the bureau did not disclose the specific location and name of the testing agency. (China National Radio Network)

The three major U.S. stock indexes closed mixed, with AMD falling more than 17%

36Kr learned that at the close on February 4, the three major U.S. stock indexes showed mixed performance. The Dow Jones Industrial Average rose 0.53%, the Nasdaq Composite Index fell 1.51%, and the S&P 500 Index fell 0.51%. Large technology stocks tumbled collectively. AMD fell more than 17%, recording its worst single - day performance since 2017. NVIDIA, Tesla, and Meta fell more than 3%, Amazon fell more than 2%, Google fell more than 1%, and Apple rose more than 2%. Popular Chinese concept stocks generally declined. Bilibili fell more than 6%, NetEase fell more than 5%, Baidu fell more than 4%, Alibaba, NIO, and XPeng Motors fell more than 2%, JD.com and Pinduoduo fell more than 1%; Li Auto rose more than 1%.

Duan Yongping said that investing in Tesla is basically based on the so - called 'dream ratio' and is completely a shot in the dark

On February 4th, Duan Yongping, the founder of BBK and a well - known investor, posted his latest views on Tesla and its CEO Elon Musk on Xueqiu. He posted in the morning, saying, "FSD is really useful, and driving a Model Y is quite comfortable. Now, driving a Tesla has become my top choice."

Subsequently, a netizen asked if his views on Tesla and Musk had changed after using Tesla's products. Duan Yongping replied that his view of Musk himself hadn't changed much. However, "his products are really amazing. FSD, Starlinks, rocket recovery... Many things seemed like a hoax when they were first mentioned, but he actually made them a reality after about 10 years. I think I can put aside some prejudices, try his products, and also make some venture - capital investments." But Duan Yongping believes that "investing" in Tesla is basically based on the so - called 'dream ratio' and is completely a shot in the dark. (Jiemian News)

Qixian Xiaochu Becomes the First Officially Registered Online Meal - Assistance Point for the Elderly in Beijing

36Kr learned that recently, Qixian Xiaochu, a brand under JD.com, has become the first officially registered online meal - assistance point exclusively for the elderly in Beijing. Some stores have simultaneously launched a "Senior Zone" to provide the elderly with a new and more healthy and convenient dining option. Longtan Sub - district in Dongcheng District, Beijing has also taken the first national store of JD Qixian Xiaochu as a platform to innovatively create a full - chain meal - assistance service for the elderly, including "online ordering - offline delivery - financial payment", and build a "15 - minute meal - assistance service circle for the elderly".

Semaglutide Sold 250.8 Billion Yuan Last Year

On February 4th, Novo Nordisk released its 2025 financial report. As the company's "ace" product, the total sales of all semaglutide drugs reached 228.288 billion Danish kroner (approximately 250.843 billion yuan) last year, a year-on-year increase of more than 10%. Specifically, the sales of the hypoglycemic version of semaglutide injection, Ozempic (Chinese brand name: NovoRapid), reached 127.089 billion Danish kroner; the sales of the weight-loss version of semaglutide injection, Wegovy (Chinese brand name: NovoWegovy), reached 79.106 billion Danish kroner; and the sales of the hypoglycemic version of oral semaglutide tablets (Chinese brand name: NovoGluco) reached 22.093 billion Danish kroner. In the Chinese market, the cumulative sales of these three series of semaglutide products reached 6.815 billion Danish kroner (approximately 7.488 billion yuan). (Yicai Global)

Shuibei Club Responds to Mini - Program Suspension: Cooperating with Data Update and Re - review

On the evening of February 3rd, the Shuibei precious metal quotation platform "Shuibei Club" showed that its mini - program had been suspended due to violations, as the selected category did not match the actual content of the mini - program's operation. On the morning of February 4th, the person - in - charge of Shuibei Club responded that due to the update of WeChat platform rules, the Shuibei Club mini - program needs to cooperate with data updates and re - reviews. If you need to query the gold price, you can go to the Shuibei Club official account and click on the menu item "Shuibei Gold Price - Real - time Gold Price" for inquiries. (21st Century Business Herald)

The High Court of Hong Kong has dismissed Xu Jiayin's appeal application against the appointment of a receiver and ordered him to pay HK$1.2 million in legal costs by February 20. Otherwise, he will lose the right to defend himself.

It is learned from the High Court of Hong Kong that the Court of First Instance of the High Court of Hong Kong has successively dismissed the applications for leave to appeal filed by Xu Jiayin and his related companies regarding the decision on the appointment of a receiver. In addition, in response to Xu Jiayin's failure to pay the legal costs within the specified time limit, the court issued an order requiring him to pay approximately HK$1.2 million in fees by February 20. Otherwise, he will be prohibited from raising defenses in the relevant litigation. (National Business Daily)

National Healthcare Security Administration: Conduct Collective Interviews with Designated Medical Insurance Institutions for Mental Illnesses

36Kr learned that the National Healthcare Security Administration issued a notice on February 4. To further strengthen the management of designated medical insurance institutions for mental illnesses (including the psychiatry departments of general hospitals, hereinafter referred to as designated mental healthcare institutions), and severely crack down on the chaos of illegal and irregular use of medical insurance funds, provincial healthcare security departments should organize collective interviews with the main persons - in - charge of all designated mental healthcare institutions in their jurisdictions before February 8 to publicize relevant laws, regulations and supervision policies of medical insurance. At the same time, taking the issues exposed by relevant media recently in some designated mental healthcare institutions in Xiangyang and Yichang, Hubei Province, and the problems found in previous medical insurance unannounced inspections as negative examples, carry out warning education to strengthen the awareness of designated mental healthcare institutions on the legal and compliant use of medical insurance funds.

Panasonic's layoff scale may expand to 12,000 people

Panasonic's Chief Financial Officer said on February 4 that the layoff scale may expand to 12,000 people. In May 2025, Panasonic Group announced that it planned to lay off 10,000 employees globally from fiscal year 2025 to fiscal year 2026, including 5,000 Japanese employees and 5,000 overseas employees. (Jiemian News)

The price per gram of gold jewelry from domestic brands has generally increased. The price per gram of Chow Sang Sang's gold jewelry is 1,600 yuan.

On February 4th, the spot price of gold returned to the $5,000 mark and is currently quoted at $5,039.66 per ounce. A comparison of domestic gold jewelry prices shows that the prices of pure gold jewelry sold within the country announced by multiple gold and jewelry brands on that day have increased. Chow Sang Sang quoted a price of 1,600 yuan per gram, a rise of 102 yuan compared to 1,498 yuan per gram the previous day; Chow Tai Fook quoted a price of 1,566 yuan per gram, a rise of 71 yuan compared to 1,495 yuan per gram the previous day; Lao Feng Xiang quoted a price of 1,576 yuan per gram, a rise of 58 yuan compared to 1,518 yuan per gram the previous day; Lao Miao Gold quoted a price of 1,571 yuan per gram. (Jiemian News)

Multiple Small and Medium-sized Banks Announce Deposit Interest Rate Hikes

As the Spring Festival approaches, small and medium-sized banks in many places have recently announced hikes in deposit interest rates. For example, Xinhuang Rural Commercial Bank in Hunan, Zhenba Rural Commercial Bank in Shaanxi, and Linxian Rural Commercial Bank in Shanxi have all raised the deposit interest rates for some terms in late January. Moreover, some banks have also launched exclusive New Year deposit products with "limited-time offers". However, the interest rate hike is not a unified trend. Against the backdrop of the downward trend of market interest rates, some banks have recently chosen to lower the deposit interest rates for all terms. Some industry insiders pointed out that considering the low net interest margin and the still existing downward pressure, banks need to reduce the cost of liabilities to stabilize the net interest margin. Therefore, in the future, deposit interest rates are likely to remain at a low level or see a slight decline. (Daily Economic News)

Xiaomi's Magnetic Lens Reportedly Launches Mass - Production Plan, Featuring M4/3 Sensor to Debut as Soon as This Year

On February 4th, the digital blogger "Digital Chat Station" revealed that the magnetic lens has initiated a mass - production plan and could meet consumers as soon as this year. Although the revelation didn't specify the manufacturer, the industry generally points to the modular optical system that Xiaomi introduced along with the Xiaomi 15 series. This system was demonstrated by Lei Jun during a live broadcast and, as an internal pre - research project, has received high attention and praise from both the mobile phone and camera industries.

This magnetic detachable lens is equipped with a customized M4/3 sensor and an all - aspherical lens group, capable of outputting 100 - megapixel image quality. With an equivalent 35mm focal length and an f/1.4 large aperture, it performs well in low - light environments. Its viewing angle is close to that of the human eye, making it suitable for portrait and street photography, with a natural bokeh effect. Its core highlight is the support for near - light - speed laser transmission at a rate of up to 10Gbps, enabling lossless transmission in RAW format. It can work in conjunction with the Xiaomi AISP imaging processor, leveraging the edge - side AI model for computational photography to generate UltraRAW format files, which have high dynamic range performance and certain advantages in computing power support compared to traditional cameras. (Kuaikeji)

Did Musk's team secretly visit multiple Chinese PV companies? Multiple companies respond

Recently, there have been market rumors that Musk's team secretly visited multiple Chinese photovoltaic (PV) companies recently. The inspection projects cover various aspects such as equipment, silicon wafers, and battery components. Among them, PV companies with heterojunction and perovskite technology routes were the key focus of the inspection. According to the 21st Century Business Herald, in response to the rumor, a journalist called JinkoSolar, a leading PV module manufacturer, as an investor to verify the information. The staff member who answered the call said that the company did have contact with the inspection team related to Musk's team recently. The inspection team learned about the company's technical reserves and production equipment, but details about the cooperation intention and specific inspection are not convenient to disclose. The staff member also revealed that "the mainstream domestic PV companies were also inspected."

Gaoce Co., Ltd. and Jingsheng Co., Ltd. issued clarification announcements regarding this event respectively. Gaoce Co., Ltd. clearly stated that it has not carried out space PV business, has not cooperated with or signed agreements with relevant teams, has no relevant orders or revenues, and the event has no impact on the company's operating performance. Jingsheng Co., Ltd. pointed out that space PV is still in the exploration stage, and there is uncertainty in its industrialization. It reminded investors not to blindly follow hot trends, to invest rationally, and to avoid investment risks caused by concept speculation. (Daily Economic News, 21st Century Business Herald, Jiemian News)

Walmart's market value exceeds $1 trillion

Walmart's stock price crossed the $1 trillion market - value threshold on February 3. Over the past year, Walmart's stock price has risen by more than 24% in total; since 2026, the stock price has also increased by more than 11%. This performance far exceeds the S&P 500 Index's annual increase of 16% and its year - to - date increase of 2% during the same period. (Sina Finance)

HP CEO Enrique Lores to Become PayPal's CEO

PayPal announced on February 3 that its Chairman Enrique Lores will officially take over as the CEO of the payment service company on March 1. Lores has served as HP's CEO for six years. In a telephone interview, Lores said, "I believe PayPal has a bright future. We need to improve execution efficiency and make greater progress in our existing strategic initiatives, which will also be my core goal in the coming year." (Sina Finance)

The 3D printing industry heats up at the beginning of the year, and multiple listed companies strive to activate the market

Since 2026, the domestic 3D printing industry has achieved a "good start", and continuous good news has emerged in the industry. Listed companies have frequently reported pre - increased performance, enterprises have been constantly involved in acquisitions and mergers, and application scenarios have continued to penetrate into multiple fields, marking that China's 3D printing industry has entered a critical stage of large - scale development. With core advantages such as customization, lightweight, and high - efficiency, 3D printing has continuously highlighted its application value in fields such as aerospace, 3C consumer goods, and biomedicine. (Shanghai Securities News)

Two UK regulators investigate the controversy surrounding Elon Musk's AI chatbot "Grokk"

Two UK regulators announced on the 3rd that they will launch investigations into the abuse issues of the artificial intelligence chatbot "Grokk" from the perspectives of data protection and platform security respectively, in accordance with different laws. The UK Information Commissioner's Office (ICO) issued a bulletin on the same day, stating that it has launched a formal investigation into X Corp (the key legal entity of the social media platform X in Europe) and the artificial intelligence company xAI under relevant UK data protection laws. The investigation covers the handling of personal data related to "Grokk" and the potential generation of harmful pornographic images and video content by the system. (Caixin)

Reports: Ford in Talks with Geely for Cooperation, Including Sharing Vehicle Technologies

According to multiple people familiar with the relevant negotiations, the US-based Ford Motor Company and China's Geely are discussing possible cooperation matters. Three people with knowledge of the situation revealed that the two companies are in talks about having Geely use Ford's factory space in Europe to produce cars for the region. Additionally, two other people familiar with the negotiations said that the two sides have also discussed a potential framework for sharing vehicle technologies, including autonomous driving technologies. Two informed sources said that the negotiations around European manufacturing have made greater progress. Ford sent a delegation to China this week to intensify the consultations. Previously, Geely executives met with Ford leadership in Michigan last week. (Sina Finance)

Quark, Rokid, etc. are integrated into Alipay's Fortune Collection Campaign for the first time

36Kr learned that in 2026, the Fortune Collection Campaign of Alipay launched the function of scanning for good fortunes using smart wearable devices for the first time. Users wearing AI glasses from brands such as Quark and Rokid can complete the entire process of scanning for good fortunes, collecting cards, and sharing without operating their mobile phones, simply by "taking a look" and "saying a word".

Reports: Tesla Still Pushing Forward with CarPlay Development

At the end of last year, the market was rife with rumors that Tesla would integrate Apple's CarPlay in - car interaction system. After weeks of intense speculation, the topic gradually faded into the background, and the outside world once thought that Tesla's plan had fallen through. However, now there is a turning point. The latest news shows that Tesla's software team is still advancing the development of this system, and CarPlay is finally expected to be available in Tesla models. (Sina Finance)

Bill Gates Apologizes and Responds to Ex-wife's Revelations

The U.S. Department of Justice released a large - scale set of documents related to the Epstein case on January 30. The emails in the documents claim that Bill Gates contracted a sexually transmitted disease after having a relationship with a Russian woman, tried to cover it up, and asked Epstein to help him obtain medicine. The relevant emails also mention that Epstein was dissatisfied because Gates ended their relationship. Gates' spokesman denied all the accusations, saying that the content was absurd and fabricated, and it was Epstein's slander due to the breakdown of their relationship. This batch of documents also involves many celebrities and politicians such as Trump, Clinton, and Musk. The U.S. side has stated that some of the accusations against Trump are untrue.

Affected by the disclosure of the Epstein - case documents, Melinda Gates asked Bill Gates to explain the latest relevant accusations, saying that the relevant details brought back extremely painful memories from their marriage. On February 3 local time, in an interview with NPR, she said that she was not aware of the inside story, and the relevant issues should be responded to by the parties involved, including her ex - husband, rather than herself. She has deliberately put the past behind and entered a new stage of life.

After being "publicly condemned" by his ex - wife, Bill Gates denied the content related to the Epstein case and apologized: The emails are fake. I don't know what Epstein was thinking. I'm very regretful, but I've never been to "Lolita Island." (Reference News, Observer.com)

Xiaomi: The fire accident of the SU7 in Yingkou, Liaoning was caused by a leftover fire source in the car igniting surrounding combustible materials

36Kr learned that a spokesperson for Xiaomi said that on February 1st, smoke and a fire broke out at the driver's seat of a Xiaomi SU7 vehicle in Yingkou City, Liaoning Province. After the fire - rescue department arrived at the scene and took action, the fire was quickly extinguished, and there were no injuries at the scene. After communicating with the car owner, it was learned that the accident determination letter was received on February 4th. This accident was caused by a leftover fire source in the car igniting surrounding combustible materials, not due to the vehicle itself. The so - called "fireworks" in the online video were caused by the detonation of the vehicle's airbags due to combustion and had nothing to do with the battery, etc. We will assist the customer in properly handling the subsequent matters.

Elon Musk Becomes the First Person in History with a Net Worth of $800 Billion

According to Forbes' estimates, the merger of SpaceX and xAI has increased Musk's wealth by $84 billion. This has also made Musk the first billionaire in history to break through the $800 - billion net - worth mark, reaching a record $852 billion. In just four months, Musk has achieved four major net - worth milestones. After Tesla's stock price soared in October 2025, he became the first person in history with a net worth of $500 billion. On December 15, as SpaceX's valuation jumped from $400 billion in August to $800 billion, Musk became the first person in history with a net worth exceeding $600 billion. A few days later, the Delaware Supreme Court reinstated his Tesla stock options that were revoked by a lower court in 2024, making him the world's first billionaire with a net worth of $700 billion. (Jiemian News)

Nasdaq Proposes "Fast-Track Inclusion" Rule to Address Large IPOs like SpaceX

Nasdaq is proposing to introduce a "fast-track inclusion" rule to accelerate the inclusion of newly listed large companies. This revised plan allows newly listed companies to join the Nasdaq 100 Index after 15 trading days, significantly shorter than the current minimum waiting period of three months. This move aims to make the index more reflective of the market in a timely manner. Companies expected to conduct initial public offerings (IPOs) this year include SpaceX, and its potential valuation of $1.3 trillion would make it one of the largest companies in the Nasdaq 100 Index. (Cailian Press)

Ongoing Listing Process

Carlsberg CEO: Considering an IPO for its Indian business

On February 4th, Jacob Aarup-Andersen, the CEO of Carlsberg Group, stated that after achieving double-digit revenue growth in the Indian market, the company is considering an initial public offering (IPO) for its Indian business. Jacob expects the "positive momentum" in the Indian market to continue. Carlsberg Group's financial report shows that the IPO of its Indian business is not yet finalized, and the company is exploring various options to enhance shareholder value. (Jiemian News)

The Cutting Edge of AI

OpenAI: The speed of GPT-5.2/Codex models has now been increased by 40%

OpenAI Developers, the official account for OpenAI developers, announced on February 4th that the overall speed of the two models, GPT-5.2 and GPT-5.2-Codex, has been increased by approximately 40% without changing the model structure or parameter weights. (Cailian Press)

OpenClaw Call Volume: Kimi K2.5 Ranks First

36Kr learned that data shows that among the model call volumes of the AI agent OpenClaw, Kimi K2.5 from China has topped the list and become the most popular model. According to data from the well - known large - model aggregation platform OpenRouter, Kimi K2.5 has ranked first, surpassing top models such as Gemini 3 Flash and Claude Sonnet 4.5. Previously, OpenClaw announced that it would offer users a free quota for Kimi K2.5, and Kimi K2.5 has also become the main model recommended by the OpenClaw official.

Baidu Qianfan's Deep Research Agent Tops the Reputable Evaluation List DeepResearch Bench

36Kr learned that on February 4th, the latest results of the DeepResearch Bench, a reputable evaluation list for deep research agents, were announced. Baidu Qianfan's Deep Research Agent (Qianfan - DeepResearch Pro) ranked first on the evaluation list.

Prosus Reaches Three-Year Agreement with Amazon Web Services to Advance AI Applications

On February 4, Dutch internet investment firm Prosus announced a comprehensive three-year agreement with Amazon Web Services (AWS) to expand its artificial intelligence applications into the technology ecosystems of Latin America, Europe, and India. (Jiemian News)

Chaterm Mobile Application by Hehe Information Launched

36Kr learned that recently, Chaterm, an AI Agent product under Hehe Information, has launched a mobile application, and the "Agent Skills" feature has been simultaneously launched on the PC. Based on the "ASR and Hot Word Enhancement + LLM Error Correction" dual - layer architecture, Chaterm can transform vague oral descriptions into accurate and executable operations, avoiding the risk of misoperations caused by term aliases or environmental interference.

Financial Reports of Large Companies

Google's parent company, ALPHABET: Net profit in the fourth fiscal quarter was $34.455 billion, a year-on-year increase of 29.8%

Google's parent company, ALPHABET, reported revenue of $113.83 billion in the fourth fiscal quarter, a year-on-year increase of 18%, compared with an estimate of $111.4 billion. Among them, Google Services revenue was $95.86 billion, a year-on-year increase of 14%, and Google Cloud revenue was $17.66 billion, a year-on-year increase of 48%. The net profit in the fourth fiscal quarter was $34.455 billion, a year-on-year increase of 29.8%. The monthly active user count (MAU) of the company's large - model Gemini exceeded 750 million in the fourth quarter, up from over 650 million in the previous quarter. The company expects capital expenditure of between $175 billion and $185 billion in 2026, while analysts expect $119.5 billion. (Caixin Press)

ZTO Express: Revenue Expected to Increase by 9.5% - 12.9% in 2025, Gross Profit to Decline by Over 8%

36Kr learned that ZTO Express announced that it expects the total revenue in 2025 to range from 48.5 billion yuan to 50 billion yuan, representing an increase of approximately 9.5% - 12.9% compared to 44.281 billion yuan in 2024. It is estimated that the gross profit in 2025 will range from 12.15 billion yuan to 12.55 billion yuan, a decrease of approximately 8.5% - 11.4% compared to 13.717 billion yuan in 2024. The estimated growth in total revenue is mainly driven by an increase in the number of parcels from 34.01 billion in 2024 to 38.52 billion in 2025 (a year - on - year increase of 13.3%).

Novartis' core operating profit in the fourth quarter was $4.93 billion, in line with market expectations

It is reported that Novartis' net sales in the fourth quarter were $13.34 billion, with an estimated $13.68 billion; the core operating profit was $4.93 billion, with an estimated $4.93 billion; the core net profit was $3.89 billion, with an estimated $3.85 billion; the core earnings per share were $2.03, with an estimated $2.01. (Caixin Press)

Yum China's Q4 Revenue Reaches $2.82 Billion, Up 8.8% Year-on-Year

36Kr learned that Yum China's revenue in the fourth quarter was $2.82 billion, an 8.8% year-on-year increase, with a forecast of $2.72 billion; the adjusted earnings per share were $0.40, compared with $0.30 in the same period last year, and the forecast was $0.35. The number of KFC restaurants was 12,997, a 12% year-on-year increase, with a forecast of 13,072. The number of Pizza Hut restaurants was 4,168, a 12% year-on-year increase, with a forecast of 4,165.

AMD's net profit in the fourth quarter was $2.52 billion, a year-on-year increase of 42%

AMD's revenue in the fourth quarter was $10.27 billion, a year-on-year increase of 34%, compared with the estimated $9.65 billion. Among them, the revenue of the data center was $5.38 billion, a year-on-year increase of 39%, compared with the estimated $4.97 billion. The net profit in the fourth quarter was $2.52 billion, a year-on-year increase of 42%. The adjusted earnings per share were $1.53, compared with $1.09 in the same period of the previous year and the estimated $1.32. AMD expects its revenue in the first quarter to be between $9.5 billion and $10.1 billion, exceeding the market estimate of $9.39 billion. (Caixin Press)

Investment and Financing

Nvidia is close to reaching an agreement to invest $20 billion in OpenAI's new round of financing

It is reported that Nvidia is close to reaching an agreement to invest $20 billion in OpenAI's latest round of financing. (Jiemian News)

“Qiangu Technology” Secures 700 Million Yuan in Series C Financing

36Kr learned that “Qiangu Technology” has completed a Series C financing round of 700 million yuan. This round of financing was jointly invested by nine institutions, including Blue Lake Capital, Jiaxing Yangtze River Delta Investment, Rongyi Investment, Zheshang Capital, Xinyi Donghu, Keke Capital, Chengdu Jiaozhong Investment Fund, Yidao Huizhi, and Chengdu Science and Technology Innovation. The raised funds will focus on the iteration of core technologies for brake-by-wire, the mass production and implementation of products, and the expansion of production capacity, continuously consolidating the company's advantages in the field of intelligent chassis.

“Yunqi Technology” Secures Series B Financing

36Kr learned that “Yunqi Technology,” an AI data infrastructure service provider, announced the completion of its Series B financing, led by private equity fund ALC Capital. The funds from this round of financing will be used for core technology R & D to continue in - depth exploration of the AI + data track. Yunqi Technology has raised over 700 million yuan in total.

Compiled | Exploding Tofu