8:00 am Kr 36: Samsung Halts Home Appliance Sales in Chinese Mainland, Li Ka-shing Sells Assets for $6.3B, Dark Side of the Moon to Raise $2B with $20B Valuation

On May 6th, Samsung Electronics issued an announcement on its official website, stating that Samsung Electronics has decided to stop selling all home appliances, including TVs and monitors, in the Chinese mainland market.

Today's Hotspot Guide

Xiaomi Auto: Just 48 days after the launch of the new-generation SU7, the number of locked orders has exceeded 80,000.

19 managers at Fat Donglai were demoted, and 1 manager was dismissed.

Yu Hao of Dreame: Advises young people not to invest in stocks.

The box office of the May Day holiday film season reached 758 million yuan.

Samsung Electronics' market value exceeded $1 trillion thanks to the AI boom.

Top 3 Big News

Samsung Announces Discontinuation of All Home Appliance Sales in the Chinese Mainland Market

On May 6th, Samsung Electronics issued an announcement on its official website stating that, in response to the rapidly changing market environment, after careful consideration, Samsung Electronics has decided to stop selling all home appliances, including TVs and monitors, in the Chinese mainland market. For users who have already purchased Samsung home appliances, the company will still strictly adhere to relevant laws and regulations such as the "Consumer Rights and Interests Protection Law" and the national three - package regulations, and continue to provide standardized after - sales services to ensure that users' legitimate rights and interests are not affected. Regarding the question of whether Samsung's mobile phone business will also withdraw from China, Samsung stated that mobile phone products are being sold normally. (Yicai Global)

Li Ka-shing Sells UK Telecom Assets, Cashing in Approximately HK$45.5 Billion

On May 5th, CK Hutchison Holdings Limited (CKH), a company under the Li Ka-shing family, issued an announcement stating that its wholly-owned subsidiary, CK Hutchison Group Telecom Holdings Limited, has agreed to sell its entire stake in the UK telecom business, Vodafone Three. Vodafone Group Plc holds a 51% stake in this business, while CKHGT holds 49%. The relevant transaction is subject to the approval of relevant regulatory authorities. CKH will receive a consideration of £4.3 billion (HK$45.494 billion) by canceling its stake in Vodafone Three. This means that CKH is expected to cash in nearly HK$45.5 billion through this transaction. (Daily Economic News)

The Dark Side of the Moon will complete a new round of financing worth $2 billion, with a valuation exceeding $20 billion

Kimi (The Dark Side of the Moon) is about to complete a new round of financing worth $2 billion, and its post - investment valuation will exceed $20 billion. This round of financing is led by Meituan Longzhu, and participated by China Mobile, CPE (CITIC Industrial Investment Fund), etc. Among them, Longzhu alone invested over $200 million. In January and February this year, Kimi completed three rounds of financing in quick succession, raising $500 million, $700 million, and $700 million respectively. Including this latest round of financing, Kimi has raised over $3.9 billion in less than half a year, and its latest valuation has more than quadrupled compared to about $4.3 billion in November last year. So far, Kimi's cumulative financing has exceeded 37.6 billion RMB, making it the startup in the large - model field with the highest cumulative financing. (LatePost)

Large Companies/Key Events

Xiaomi Auto: Over 80,000 Orders Locked in Just 48 Days Since the New Generation SU7 Launched

36Kr learned that Xiaomi Auto announced that over 80,000 orders have been locked in just 48 days since the new generation SU7 was launched.

Zhuimi's Yu Hao: Advises Young People Not to Invest in Stocks

On May 6th, Yu Hao posted on a social platform, saying, "Today is another trading day in the stock market, but I advise young people not to buy stocks. I myself don't buy any stocks. I think before the age of 45, you should use your intelligence and hard work to earn money. It's only after 45 that you start making money with money." In his view, the reason why we always hear about people around us making money from stocks is actually "a survivor's bias." Another reason is that one shouldn't earn money that's too easy. "Even if you make money in the stock market, the money comes too easily. If you earn too much easy money, you won't be willing to earn the hard - earned money later, and your mindset will have changed at this time," Yu Hao said. However, he emphasized that it's okay to try investing. After all, "Newton also made stock investments when he was young and lost money," but don't get attached. (Yicai Global)

Customers at a Sam's Club in Tianjin Fill Bags with Free Sauces, Witness Says Someone Filled Three Large Bags, Customer Service Responds

On May 4th, a netizen posted a video saying that he found many customers at the dining area of a Sam's Club in Tianjin using transparent plastic bags to take free sauces from the self - service condiment station. He even saw a family fill three large bags, which made him sigh, "No wonder the sauces at Sam's dining area run out so quickly." On May 5th, a reporter from Jimu News contacted the video poster. He said that he noticed the above situation at the Sam's dining area in Tianjin Meijiang Convention and Exhibition Center on May 4th. It was also the first time he saw someone using plastic bags to take free sauces from the condiment station, so he filmed it with his mobile phone. "I saw two groups of people, about in their 30s." Out of respect for privacy, he also blurred the faces of the relevant people. A customer who had been to the Sam's Club in Tianjin Meijiang Convention and Exhibition Center told the reporter that the Sam's dining area in Tianjin is located at the exit of the membership store. You can place an order directly on the mini - program when dining at the dining area, and you don't need a Sam's membership card.

In the afternoon of the same day, a reporter from Jimu News called the customer service hotline of Sam's Club. A staff member on the line said that all the condiments at Sam's dining area are provided for free without additional charges. However, the specific locations of the dining areas in each store across the country are different. If the dining area is outside the membership store, you can pay the bill without a membership card. As for the situation of customers using plastic bags to take free sauces, he would record it and report it to the relevant store. Subsequently, the reporter called the Sam's Club in Tianjin Meijiang Convention and Exhibition Center several times, but as of the time of publication on May 5th, the phone could not be connected. (Jimu News)

19 managers at Fat Donglai were demoted, and 1 manager was dismissed

Recently, Fat Donglai released the results of its first democratic evaluation of the year on its official website. This is also the first time Fat Donglai has announced the results of a democratic evaluation since entering 2026. According to the data, in the democratic evaluation of Fat Donglai in April 2026, a total of 1,455 managers participated. The planned number of voters was 16,676, and the actual number of voters was 16,675, with a total of 133,362 votes cast. Among the 1,455 managers participating in the evaluation, 1,435 passed, accounting for 98.63%; 19 failed and were demoted, accounting for 1.30%; and 1 failed and was dismissed, accounting for 0.07%. (Red Star News)

Reaching a Record High for the Same Period in History, the Number of Travelers during the May Day Holiday Reached 1.517 Billion

Data from the Ministry of Transport shows that during the May Day holiday (from May 1st to May 5th) in 2026, the cross - regional movement of people across society reached 1.517 billion person - times, a 3.49% increase compared to the same period in 2025, reaching a record high for the same period in history. (Xinhua News Agency)

Seres: Sold 33,132 new energy vehicles in April, a year-on-year increase of 5.22%

36Kr learned that on May 5th, Seres released production and sales data. In April, the sales volume of new energy vehicles reached 33,132, a year-on-year increase of 5.22%. The cumulative sales volume from January to April was 111,632, a year-on-year increase of 29.74%.

The box office of the May Day holiday season reached 758 million yuan

According to the statistics of the National Film Administration, the box office of movies during this year's May Day holiday season was 758 million yuan, the number of moviegoers was 20.8419 million, and the number of screenings was 2.376 million, with year-on-year increases of 1.41%, 10.23% and 2% respectively. The average ticket price during this year's May Day holiday season was 36.3 yuan, while the average ticket price during the same period last year was 39.5 yuan, a year-on-year decrease of 8%. (CCTV News)

Jensen Huang Refutes AI Doomsday Theory, Says AI Creates Jobs

On the evening of May 4th local time, Jensen Huang, the CEO of NVIDIA, stated that artificial intelligence is an industrial - scale job generator, rather than the harbinger of mass unemployment often accused by so - called "AI doomsayers". During the discussion, Huang said that "AI creates jobs" and added that "AI is the best opportunity for the United States to achieve're - industrialization'." He pointed out that the AI industry is driven by a new type of industrial factory - those factories that produce hardware, which is the key infrastructure for AI business. These factories will definitely require workers, and so do other sectors of the booming AI industry. (IT Home)

Is it reported that the post - investment valuation of DeepSeek may reach $45 billion? A source said: "The two parties are indeed in talks, but the valuation has not been finally confirmed."

Some media reported that the National Integrated Circuit Industry Investment Fund is in talks with DeepSeek to lead its first - round financing, and its final valuation is expected to be around $45 billion. After verifying from multiple authoritative sources, a source said, "The two parties are indeed in talks. However, the valuation has not been finally confirmed at present." The source also revealed that "there are many potential investors also in the process of financing negotiations, including several Internet giants and some other state - owned funds." (Shanghai Securities News)

International oil prices plunge, both U.S. and Brent crude oil futures fall by more than 6%

U.S. Defense Secretary Hegseth said on the 5th that the cease - fire between the United States and Iran has not ended, and two U.S. merchant ships have safely passed through the strait under the escort of the U.S. military. This statement alleviated the market's concerns about the immediate escalation of conflicts in the Middle East, thereby reducing the short - term geopolitical risk premium. International oil prices fell significantly on the 5th. As of the close of the day, the price of light crude oil futures for June delivery on the New York Mercantile Exchange closed at $102.27 per barrel, a decline of 3.90%; the price of Brent crude oil futures for July delivery in London closed at $109.87 per barrel, a decline of 3.99%. (CCTV Finance)

Samsung Electronics' Market Value Exceeds $1 Trillion Amid AI Boom

Driven by the booming demand for artificial intelligence - related stocks, Samsung Electronics' market value has exceeded $1 trillion, becoming the second East Asian company after TSMC to join this elite club. (Sina Finance)

The three major U.S. stock indexes closed higher collectively, with Arm rising more than 13%

36Kr learned that at the close on May 6, the three major U.S. stock indexes rose collectively. The Dow Jones Industrial Average rose 1.24%, the Nasdaq Composite rose 2.02%, and the S&P 500 Index rose 1.46%. Most large technology stocks rose. Arm rose more than 13%, NVIDIA rose more than 5%, Tesla and Google rose more than 2%, Apple and Meta rose more than 1%, and Netflix, Amazon, and Microsoft rose slightly. Most popular Chinese concept stocks strengthened. Baidu rose more than 11%, Alibaba rose more than 6%, Pinduoduo and Tencent Music rose more than 5%, JD.com and Bilibili rose more than 3%, iQiyi and NetEase rose more than 2%; Li Auto fell slightly.

The Big Three in storage are betting on new DRAM technologies, potentially opening up opportunities for two types of interface chips

The latest generation standard "MRDIMM" for server DRAM modules is reported to have entered the final development stage. Members of the Joint Electron Device Engineering Council (JEDEC), including major memory companies such as Samsung Electronics, SK Hynix, and Micron, are actively developing MRDIMM products to meet the ever - growing future demand. Different from the integration of HBM and GPU, MRDIMM will be used as the main memory directly accessible by the CPU. As a new - generation server DRAM module, it is optimized for artificial intelligence and high - performance computing (HPC) tasks and can run two memory channels simultaneously, thus providing faster data processing speeds. (Caixin Press)

Trump Says Soaring Oil Prices Are Just a Small Price to Pay

US President Donald Trump said when answering reporters' questions at the White House on May 5 that when he was considering taking military action against Iran, he expected the stock market to plunge by 25%. However, he believed it was acceptable as long as it could prevent Iran from obtaining nuclear weapons. Trump also stated that he had expected oil prices to rise to $200 or even $300 per barrel, but currently it's just a little over $100. He believes that compared with preventing Iran from getting nuclear weapons, the soaring oil prices are just a "small price". (CCTV International News)

Multiple High-Performance Apple Mac Products Removed from Sale, Suspected to Be Due to Tight Memory Supply

Multiple signs indicate that Apple's Mac product line is facing supply shortages caused by a memory shortage. Recently, media reports stated that Apple has removed several high-performance Mac devices from its online store. Currently, the Mac mini with 32GB and 64GB of memory is no longer available for direct purchase on the official website. The shortage of high-specification memory versions is particularly severe. According to informed sources, the adjustment of Apple's Mac line is mainly because many products have "sold out." Apple did not anticipate such a high demand before, and the entire supply adjustment requires time. (The Paper)

OpenAI President Says Musk Wants to Raise $80 Billion via OpenAI for Mars Plan

OpenAI President Greg Brockman testified on May 5 local time that Elon Musk once supported transforming this artificial intelligence startup into a for - profit enterprise but hoped to gain full control, partly because he wanted to raise $80 billion through it for the Mars colonization plan. Brockman said in court that OpenAI plans to invest $50 billion in computing resources in 2026. (Sina Finance)

Agency: iPhone 17 became the world's best-selling smartphone in Q1, with the top ten models accounting for 25% of the market share

36Kr learned that according to the latest "Global Handset Model Sales Tracker" by Counterpoint Research, Apple's iPhone 17 became the world's best-selling smartphone in the first quarter of 2026, accounting for 6% of global shipments. The iPhone 17 series occupied the top three spots, while five models of Samsung's Galaxy A series made it into the top ten. Xiaomi's Redmi A5 ranked tenth. The top ten smartphones together contributed 25% of global shipments, setting the highest concentration in the first quarter over the years.

Multiple Publishers Sue Meta, Alleging Theft of Copyrighted Works for AI Training

Multiple publishers have filed a class - action lawsuit against Meta Platforms, accusing it of illegally using copyrighted works to gather materials and train its artificial intelligence models. The institutions and individuals initiating this lawsuit include Cengage Learning, Hachette, Macmillan, McGraw, and author Scott Turow. They are requesting a jury trial to hear the copyright infringement claim. (Sina Finance)

Apple Settles Lawsuit for $250 Million Due to Delayed Release of Siri AI Features

Apple reached a settlement in a shareholder lawsuit on May 5, with a compensation amount of $250 million. The lawsuit stemmed from the company's delay in the artificial intelligence upgrade of its Siri voice assistant. The lawsuit was filed by Peter Landscheidt in a federal court in California in 2024. The reason was that the iPhone maker announced a series of AI upgrade features at its 2024 annual software developers' conference and started advertising them, claiming that these features would be launched with the new iPhones in the fall of that year. However, the finally released iPhones did not include these features, and the plaintiff claimed that this had damaged the interests of shareholders. (Sina Finance)

On the eve of SpaceX's listing, Jeff Bezos adjusted the employee incentive mechanism of Blue Origin

According to a report by the British "Financial Times" on May 6, citing three people familiar with the matter, Jeff Bezos' space company Blue Origin has developed a new stock plan for its employees. The plan aims to quell employees' dissatisfaction and make the incentives more competitive in the competition with its rival, SpaceX. The report said that due to widespread dissatisfaction with the previous plan, the rocket manufacturer introduced a revised incentive plan to its employees last week. It is reported that the options in the previous plan began to expire this year, but employees did not gain any benefits from them. (Sina Finance)

During the listing process

Sany Heavy Truck

According to media reports, Sany Heavy Truck is reportedly considering an IPO in Hong Kong and may raise about $500 million. (Cailian Press)

Sinovac Biopharmaceutical Co., Ltd.

36Kr learned that documents from the Hong Kong Stock Exchange show that Sinovac Biopharmaceutical Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CSC International as the sole sponsor.

Syngenta

The German business newspaper reported, citing sources, that Syngenta, a Swiss-based seed and agrochemical company, plans to list on the Hong Kong Stock Exchange in September or October. The report said that the company, which is controlled by Chinese state-owned enterprise Sinochem, could be valued at up to $50 billion. (Sina Finance)

Yusheng Holdings Limited

36Kr learned that according to documents from the Hong Kong Stock Exchange, Yusheng Holdings Limited submitted a listing application to the Hong Kong Stock Exchange, and Citigroup is the sole sponsor.

The Cutting - Edge of AI

OpenAI: GPT-5.5 Instant to Be Launched for All ChatGPT Users Starting May 6

OpenAI said that GPT-5.5 Instant will be launched for all ChatGPT users starting May 6. For paid users, GPT-5.3 Instant will remain available for the next three months and can be accessed through model configuration settings. After that, this version will be officially retired. The memory source feature is being gradually rolled out to all ChatGPT consumer package users on the web and will soon be available on mobile. (Caixin)

Meta is developing an AI agent named "Hatch" and an AI shopping tool built into Instagram

According to people familiar with the matter, Meta Platforms is building an AI agent for ordinary consumers that competes with OpenAI, and is also developing a new intelligent shopping tool. Currently, Meta CEO Mark Zuckerberg is vigorously promoting the launch of new AI products, hoping to bring real returns from the company's huge investment in artificial intelligence. (Sina Finance)

Infineon Raises 2026 Outlook Driven by AI Demand Growth Prospects

Infineon has raised its full - year performance guidance due to the surging demand for power solutions from AI data centers and the improvement in automotive order volume. Along with many other chip manufacturers benefiting from AI infrastructure investment, Infineon has embarked on a new wave of growth. Infineon provides components for automotive, power, and security systems. Its revenue in the second quarter was 3.81 billion euros (approximately 4.47 billion US dollars), a 6% increase compared to the same period last year. (Sina Finance)

Joint Venture of OpenAI and Anthropic in Talks to Acquire AI Service Company

The joint ventures established by OpenAI and Anthropic respectively with private equity firms are in talks to acquire service companies that help enterprises manage artificial intelligence systems. According to five people familiar with the matter, OpenAI's joint venture, Deployment Company, has raised approximately $4 billion from 19 investors such as TPG and Bain Capital, with a valuation of $10 billion. Currently, three deals are in the late stage, and the main goal is to recruit hundreds of engineers and consultants. Anthropic has raised approximately $1.5 billion through its joint venture, with investors including Blackstone Group, Hellman & Friedman, and Goldman Sachs. (Sina Finance)

Financial Reports of Large Companies

Chow Tai Fook: Net profit for the year ended March 31 is expected to increase by approximately 45–55% compared to last year

36Kr learned that Chow Tai Fook announced that the Group's net profit for the year ended March 31, 2026 is expected to increase by approximately 45–55% compared to last year. This is mainly attributable to the increase in gold prices, a more favorable sales structure of retail business and priced jewelry, which drives up the gross profit margin; and the operating leverage effect brought about by strict cost management.

Disney's revenue in the second quarter was $25.168 billion, a year-on-year increase of 7%

Disney's second-quarter earnings report released on May 6 showed that its revenue was $25.168 billion, a year-on-year increase of 7%; the adjusted earnings per share were $1.57, a year-on-year increase of 8%. (Jiemian News)

BMW's sales in the first quarter were 31.01 billion euros, with an estimate of 31.98 billion euros.

BMW's sales in the first quarter were 31.01 billion euros, with an estimate of 31.98 billion euros. BMW's EBIT in the first quarter was 2.00 billion euros, with an estimate of 2.21 billion euros. BMW's pre - tax profit margin for the automotive business in the first quarter was 5%, and the expected margin was 5.16%. (Caixin)

Meitu Discloses ARR of AI Productivity Applications for the First Time: A Year-on-Year Increase of 56.2% to 580 Million Yuan

36Kr learned that Meitu Inc. announced its business data for the first quarter of 2026. As of March 2026, the number of paid subscription users increased by 30.2% year-on-year to over 17.9 million, hitting a new historical high. The revenue from imaging and design products, mainly from paid subscriptions, reached 852 million yuan, a year-on-year increase of 34.3%. In this announcement, Meitu Inc. disclosed the Annual Recurring Revenue (ARR) indicator of AI productivity applications for the first time. As of March 2026, the ARR of AI productivity applications was approximately 580 million yuan, a year-on-year increase of 56.2%.

Investment and Financing

"White Rhino" Announces Completion of Series C1 Financing

36Kr learned that on May 6th, "White Rhino", an L4-level autonomous driving company, officially announced the completion of its Series C1 financing. This round of financing was jointly invested by strategic investors including global logistics industry capital, Shenzhen Nanshan Strategic and Emerging Industries Investment, as well as existing shareholder Yuanhe Hope. The funds will be mainly used for the R & D and iteration of core technologies, large-scale mass production of vehicle-grade products, multi-scenario commercial expansion, and global market layout.

"Nuancore" Completes Strategic Financing of 300 Million Yuan

36Kr learned from the official WeChat account of Qifeng Capital that recently, "Nuancore" completed a strategic financing of 300 million yuan. This round of financing was jointly led by industrial investment institutions and Legend Capital. The existing shareholder, Fengnian Capital, made an oversubscribed follow - on investment, while GF Xinde and Caitong Capital participated as follow - on investors. Qifeng Capital served as the financial advisor. The raised funds will be mainly used for the advancement of clinical trials of visual brain - computer interface products and the iteration of core technologies.

"Beisai Hongsheng" Completes Series A+ Financing

36Kr learned that recently, "Beisai Hongsheng" announced the completion of Series A+ financing. This round of financing was led by Orient Fortune Capital, co - invested by an industrial fund and Sichuan Venture Capital Investment, and Shanghai Biomedical Fund under the old shareholder Shanghai Industrial Investment continued to increase its investment. The funds will be mainly used to accelerate the pre - clinical and clinical research of the company's multiple core R & D pipelines, and further consolidate the company's leading advantages in the two technology platforms of induced pluripotent stem cells (iPSC) and tissue - specific small molecules, and continuously explore their therapeutic potential in a wider range of disease areas.

“Shanmu” Completes Nearly 100 Million Yuan Series A Financing

36Kr learned that “Shanmu”, an AI-native health hardware company, recently completed a nearly 100 million yuan Series A financing. This round was led by Shixi Capital (a strategic investment fund under GigaDevice Semiconductor), and co-invested by multiple institutions such as AfterShokz, Bojiang Capital, Yonghua Investment, and Shanghai Angel Club. The old shareholders, the Zhixing No. 1 Fund under Professor Gan Jie and Wanwuwei Capital, increased their investment in this round. Gengxin Capital served as the financial advisor for this round.

AI Map

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