At 8:00, here are the latest news: Oracle suddenly sent an email in the early morning to lay off 30,000 employees; The market regulatory authority responded to Zhangxue Motorcycle's ban on novice purchases; SpaceX is reported to have secretly submitted IPO documents, with a valuation possibly exceeding $1.75 trillion.
Today's Hotspot Guide
Unitree Technology has been selected for on - site inspection of first - listed enterprises.
State Taxation Administration: More than 70 million people have applied for tax refunds in the 2025 individual income tax settlement.
Kong Yanshuang, a former Tesla executive in China, has joined Xiaomi.
Tesla has officially stopped producing the Model S and Model X.
The city of New York in the United States has announced the revocation of the ban on using TikTok on government devices.
TOP 3 Big News
Oracle suddenly sent an email at 6 a.m. to lay off 30,000 employees, accounting for about 18% of the total global workforce
Global software giant Oracle sent a mass email to its employees at 6 a.m. local time on March 31, announcing the launch of a new round of large-scale layoffs. Many employees who received the notice revealed on social media that the email was straightforward: "After a careful assessment of Oracle's current business needs, we have decided to eliminate your position. Today is your last working day."
According to reports from multiple media outlets, this round of layoffs covers multiple markets including the United States, India, and Europe, affecting departments such as engineering, cloud services, and technical support. The number of affected positions may reach 30,000, accounting for about 18% of its total global workforce of 162,000. It is rumored that about 12,000 positions have been cut in the Indian market.
Data platforms show that Oracle (China) Software Systems Co., Ltd. was established in 1991 with a registered capital of $6.7 million and is wholly owned by Oracle Singapore Pte. Ltd. Annual report information shows that from 2016 to 2024, the number of employees covered by social insurance in this company has been continuously declining, with a decrease of about 55%. (Sutu.com, Sina Hot Topics)
Market Regulatory Bureau Responds to User Complaints about Zhang Xue Motorcycle's Ban on Novice Purchases
Recently, a video released by Zhang Xue, the founder of Chongqing Zhang Xue Motorcycle Company, has been circulating online. The video shows that the company's pre - sold large - displacement 820RR model has been complained about to the market regulatory department by users because it bans novice riders with less than one year of driving experience from purchasing.
In the video, the company's staff said that they received a notice from the market supervision and administration department on the same day. Since the ban on consumers with less than one - year - old driver's licenses from buying the 820RR violates the principle of fair trade, they were required to make rectifications, saying that "they may be punished if they do not make rectifications". The video has sparked a heated discussion online. On April 1st, reporters learned from the Market Supervision and Administration Bureau of Liangjiang New Area in Chongqing that the bureau has not imposed any penalties on the company. (New Yellow River)
Multiple airlines issue announcements to raise domestic fuel surcharges
On April 1st, multiple airlines including Air China, Xiamen Airlines, and China United Airlines issued announcements to adjust the collection standards for fuel surcharges on domestic passenger flights. For tickets sold on or after April 5th, 2026, the collection standards for fuel surcharges on domestic passenger flights will be adjusted as follows: For flights of 800 kilometers or less (inclusive), each passenger will be charged RMB 60; for flights over 800 kilometers, each passenger will be charged RMB 120.
Currently, the fuel surcharge for flights of 800 kilometers or less (inclusive) is RMB 10, and for flights over 800 kilometers, it is RMB 20. This means that the fuel surcharges for domestic flights will be increased by RMB 50 and RMB 100 respectively in April, a five - fold increase. (CCTV News, Yicai)
Large companies/ Major events
Unitree Technology Selected for On - site Inspection of First - time Issuing Enterprises
36Kr learned that the official website of the China Securities Association released the "List of Enterprises Selected for On - site Inspection of the Second Batch of First - time Issuing Enterprises in 2026", and Unitree Technology Co., Ltd. was selected for the on - site inspection.
Kaiyue Motorcycle Apologizes, Says It Didn't Deny Zhang Xue's Contributions
Recently, Zhang Xue Motorcycle, a domestic motorcycle brand, won the championship in the World Superbike Championship, which sparked a heated discussion across the internet. According to a report by Blue Whale News, the official accounts of multiple Kaiyue Motorcycle stores used the title "We were already champions before you came" in their live - stream rooms, which triggered controversy.
On the 1st, Kaiyue Motorcycle released a video in response to the recent online negative comments, stating that it didn't deny Zhang Xue's contributions. Due to the character limit of the live - stream room title, the expression was not comprehensive enough, which led to a lot of misunderstandings and controversies from the outside world. Here, it sincerely apologizes. (China News Service)
Kong Yanshuang, a former senior executive at Tesla China, joins Xiaomi
Kong Yanshuang, the former general manager of Tesla China, has joined Xiaomi and will replace Li Xiaorui, the former director of Xiaomi's automotive division, to take charge of automotive sales. Kong Yanshuang joined in early March and is in the process of work handover. As of now, Xiaomi has not officially issued a document announcing her official position. When seeking confirmation from Xiaomi regarding the above news, as of press time, Xiaomi has not responded. (Jiemian News)
The iOS 27 input method can achieve AI error correction: recommend more appropriate words based on context
Mark Gurman of Bloomberg published a blog post on March 31, reporting that in the iOS 27 system, Apple plans to introduce a brand - new AI automatic error correction feature to the default input method of iPhones.
Different from the existing basic error correction mechanism, the new AI automatic error correction will not only significantly improve the typing accuracy, but also provide intelligent alternative word suggestions similar to Grammarly, actively recommending more appropriate replacement words to users based on the context.
In terms of compatible models, this AI input method relies on Apple's own Apple Intelligence large - model data. Therefore, the media speculates that some older iPhone models may not be able to experience this feature. (IT Home)
The Food Safety Office of the State Council, the State Administration for Market Regulation, and the General Administration of Customs Deploy an Investigation into the Illegal Marketing Practices of the Cross - border E - commerce Imported "Essential Elements" Health Products
On April 1st, in response to the media reports that the cross - border e - commerce imported "Essential Elements" health products were suspected of origin fraud, false advertising and other issues, the Food Safety Office of the State Council, the State Administration for Market Regulation, and the General Administration of Customs attached great importance to it. They immediately organized the market regulatory departments and customs in the involved areas to conduct investigations and verifications, strictly investigated illegal and irregular behaviors, effectively maintained market order, and protected the legitimate rights and interests of consumers.
Shortly afterwards, Essential Elements issued a statement saying that it attached great importance to this issue. It immediately carried out self - inspection and self - correction on the relevant content mentioned in the reports, removed all relevant products from the shelves, and suspended all external sales channels. Meanwhile, market regulatory bureaus at the provincial, municipal and district levels, customs, public security, tax departments and media units entered the company for investigations at the first time. During the investigation, the company always remained honest and transparent and fully cooperated with all investigation work. (Jiemian News)
UK Prime Minister Responds to Trump's Remarks on Withdrawing from NATO
In response to US President Trump's complaints that NATO allies are not helping to combat Iran and his consideration of the US withdrawing from NATO, UK Prime Minister Starmer responded on April 1st, saying, "No matter how much pressure I and others face, and no matter how much noise there is from the outside world, the decisions I make will prioritize the national interests of the UK. That's why I've always made it clear that this (the Iran war) is not our war, and we won't be dragged into it." (Xinhua News Agency)
Tesla officially discontinues production of Model S and Model X
According to media reports, Elon Musk posted on the X platform on April 1st, announcing that Tesla has officially stopped producing the Model S and Model X. Currently, it has stopped accepting new custom orders for these models, and consumers can only purchase in - stock vehicles. Previously, Musk said that Optimus humanoid robots would be produced at the Fremont Factory, and the production lines for the Model S and Model X would be cancelled. Data shows that in 2025, the global delivery volume of the Model 3 and Model Y reached 1.6 million vehicles, while the total number of "other models" including the Model S and Model X was only about 50,000 vehicles (Sina Finance).
Over 70 million people have applied for tax refunds in the 2025 individual income tax settlement
Reporters learned from a press conference held by the State Taxation Administration on April 1st that since the launch of the 2025 individual income tax settlement on March 1st, over 70 million people have applied for tax refunds. (CCTV News)
SpaceX Reportedly Secretly Filed IPO Documents, Valuation May Exceed $1.75 Trillion
People familiar with the matter revealed that SpaceX, a rocket, satellite, and artificial intelligence company owned by Elon Musk, has secretly filed initial public offering (IPO) documents. The sources said that the company has submitted IPO registration documents to the U.S. Securities and Exchange Commission and is expected to go public in June. This would mean that SpaceX will be the first ultra - large IPO to debut, ahead of OpenAI and Anthropic PBC.
People familiar with the matter said that the valuation of SpaceX's IPO this time may exceed $1.75 trillion. The company previously acquired Musk's artificial intelligence startup xAI, and the valuation of the combined entity in this deal was $1.25 trillion. (Sina Finance)
The three major U.S. stock indexes closed higher collectively, and most large technology stocks rose
36Kr learned that at the close on April 1st, the three major U.S. stock indexes rose collectively. The Dow Jones Industrial Average rose 0.48%, the Nasdaq Composite rose 1.16%, and the S&P 500 Index rose 0.72%. Most large technology stocks rose. Intel rose more than 8%, Google rose more than 3%, Tesla rose more than 2%, Meta and Amazon rose more than 1%, and NVIDIA and Apple rose slightly; Microsoft and Netflix fell slightly. Popular Chinese concept stocks had mixed performances. Li Auto rose more than 3%, NIO, XPeng Group, Futu Holdings, and iQiyi rose more than 2%; Pony.ai and JD.com fell more than 2%, and Alibaba and Zhihu fell more than 1%.
US Manned Lunar Orbital Mission Enters Final Preparation Stage
The United States plans to launch the "Artemis 2" manned lunar orbital mission on April 1st. NASA said on March 31st that it is steadily advancing the final preparations before the launch. Forecasts show that the probability of favorable weather conditions for the launch is 80%. (CCTV News)
Kingtarō Ueno, Former President of Mercedes-Benz Japan, Joins BMW
On April 1st, BMW Japan issued a statement saying that Kingtarō Ueno will join the company on April 1st and serve as President and Representative Director. Kingtarō Ueno joined Mercedes-Benz Japan in 1987 and served as President and CEO in 2012. (Jiemian News)
New York City in the United States Announces Lifting of TikTok Ban on Government Devices
New York City Mayor Zohran Mamdani announced on March 31 that the decision was made to allow the resumption of using the short - video social media platform TikTok on government electronic devices. On the same day, Mamdani posted a message on the social media platform, saying, "TikTok, we're back." According to the Associated Press, a memo provided by the New York City Mayor's Office shows that the New York City government allows various departments to post content on this social media. This policy adjustment aims to expand the information dissemination scope of the New York City government. The memo states, "We hope to open up new channels of communication with the public and help convey the information that New Yorkers need." (Xinhua News Agency)
Laplace Clarification: As of now, the company has not obtained relevant orders
36Kr learned that Laplace issued a clarification announcement. Recently, the company noticed that some media reported that "Laplace won the bid for the second phase of Tesla's photovoltaic project, with an order scale of nearly 10 billion." After verification, as of now, the company has not obtained relevant orders. There is no material information that should be disclosed but has not been disclosed. If it meets the information disclosure criteria in the future, the company will strictly fulfill its information disclosure obligations in accordance with relevant laws and regulations.
Guanghua Technology: Director Cai Wen Under Investigation by CSRC for Alleged Insider Trading
36Kr learned that Guanghua Technology announced that on April 1st, the company received a notice from its director and senior management member Cai Wen, stating that on March 31st, 2026, Cai Wen received a "Case Filing Notice" issued by the China Securities Regulatory Commission (CSRC). The CSRC has decided to initiate an investigation into Cai Wen for alleged insider trading. This investigation is focused on Cai Wen personally and is unrelated to the company's daily operations and business activities. It does not involve the trading of the company's stocks. Currently, Cai Wen is still performing normal duties at the company.
Li Yapeng's Company Establishes Elks Coffee Company
36Kr learned that according to the Aiqicha App, recently, Yunnan Elks Coffee Co., Ltd. was established. The legal representative is Yang Ning, and the registered capital is 1 million RMB. The business scope includes coffee bean cultivation, wholesale of edible agricultural products, retail of edible agricultural products, and online food sales. The equity penetration chart shows that the company is held by Beijing Yilian Culture and Technology Co., Ltd. under Li Yapeng and Luo Yuzao with 90% and 10% shares respectively.
South Korean Airlines Significantly Increase Fuel Surcharges
Industry insiders said on Wednesday that affected by the soaring global oil prices, the fuel surcharges for flights of South Korean airlines in April have increased by up to three times compared with those in March. Korean Air has raised the fuel surcharge for one - way international flights to between 42,000 won and 303,000 won in April, compared with between 13,500 won and 99,000 won in March. (Sina Finance)
Judge Halts Nexstar-Tegna Merger Deal
After antitrust challenges were raised by DirecTV and attorneys general from multiple states, a U.S. court issued a temporary restraining order against Nexstar Media Group's $6.2 billion acquisition of Tegna. (Sina Finance)
Toyota Recalls 74,000 Vehicles in the US Due to Low-Reverse Warning Sound
On March 31 local time, Toyota Motor issued a recall notice: It will recall some 2023 - 2025 Toyota Corolla Cross Hybrid models in North America because these vehicles have safety hazards. This recall involves approximately 74,000 vehicles in the United States. The warning sound emitted by the affected vehicles when reversing may be lower than expected. In some cases, the warning sound when reversing may be difficult to hear, thus increasing the risk of collisions with pedestrians. (Jiemian News)
Elon Musk: FSD Version 14.3 is Expected to be Released This Weekend
Elon Musk said on a social platform that FSD Version 14.3 has now entered the testing phase for Tesla employees and is expected to be officially released this weekend. (Jiemian News)
Going Public in Progress
Yongkang Holdings Limited
36Kr learned that according to documents from the Hong Kong Stock Exchange, Yongkang Holdings Limited has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are Tongren Capital and CFG Corporate Finance.
The Cutting - Edge of AI
Alibaba Releases Wan2.7-Image
36Kr learned that on April 1st, Alibaba released the unified image generation and editing model Wan2.7-Image. This model can achieve "personalized experiences", and its brand - new "color palette" function can precisely control colors. Wan2.7-Image has full - chain capabilities such as text - to - image generation, image - to - image set generation, image instruction editing, and interactive editing.
QQ Becomes the First Domestic Social Platform Natively Integrated by OpenClaw Officially
36Kr has learned that in the early morning of the 1st, OpenClaw released a new version, v2026.3.31. This update comes with an official QQ Bot plugin. This means that QQ has become the first domestic social platform natively integrated by OpenClaw officially. The QQ Bot code contributed by the Tencent Lighthouse Cloud in collaboration with the QQ team has also been merged into the OpenClaw main repository. Immediately afterwards, Peter, the founder of OpenClaw, publicly liked this news.
Financial Reports of Big Companies
Ruqi Mobility: The company's total revenue soared by 114.6% and gross profit increased by 395.3% in 2025
36Kr learned that Ruqi Mobility released its full - year performance report for 2025, showing that the company's total revenue soared by 114.6%, gross profit increased by 395.3%, the gross profit margin was 11.9%, and the profit improved by 48.1%. Multiple core financial indicators all recorded significant growth. While the performance was growing, the company's second growth curve, the "Robotaxi+" strategy, was accelerating its implementation. Public information shows that in the first quarter of 2026, the size of Ruqi Mobility's Robotaxi fleet had expanded to about 600 vehicles, and the transportation capacity nearly doubled by the end of 2025. The company plans to build a Robotaxi fleet of over 10,000 vehicles in the future and promote operations in 100 cities.
Ningbo Port: Net profit attributable to shareholders in 2025 was 5.168 billion yuan, a year-on-year increase of 5.63%
Ningbo Port announced on April 1 that in 2025, it achieved an operating income of 31.02 billion yuan, a year-on-year increase of 7.41%; the net profit attributable to shareholders of the listed company was 5.168 billion yuan, a year-on-year increase of 5.63%; the basic earnings per share was 0.27 yuan. (Jiemian News)
Investment and Financing
Xianglu Robotics Completes 300 Million Yuan in Financing
36Kr learned that "Xianglu Robotics" recently announced the completion of 300 million yuan in financing. The financing was led by the Industrial Upgrading Fund managed by Yizhuang State - owned Investment, with Hupo, Jiuan, and Haitang participating as follow - on investors. This is the second time Xianglu has received support from major institutions after Yuanben, IDG, Tencent, and JD.com.
"DigClaw" Secures Angel Round Financing
36Kr learned that DigClaw, an AI-driven next-generation scientific and technological innovation intention radar (Beijing Guyong Zhonghang Technology Co., Ltd.), recently announced the completion of an angel round of financing, jointly invested by Zhongke Chuangxing and Zhongguancun Capital.
PathFinder Completes Angel Round Financing of Tens of Millions of Yuan Recently
36Kr learned that PathFinder Ltd., a smart hardware brand for sports AI agents, recently completed an angel round financing of tens of millions of yuan. This round was exclusively invested by Jinqiu Fund. The funds will be mainly used for product R & D iteration, production and delivery, and early channel establishment, making full preparations for the subsequent crowdfunding launch.
Cool Products
Google May Launch Screenless Wearable Devices
It is reported that Google is developing its own fitness bracelet, aiming to compete with screenless wearable devices launched by emerging companies such as Whoop and Oura. Google has been developing this new product under the Fitbit brand and plans to release it later this year. This launch will also be combined with the artificial intelligence personal health coach feature in Fitbit's newly redesigned app. (Jiemian News)
Compiled | Yuting He