Krypton Evening News | Qianwen is integrated with Taobao, and AI shopping is officially launched; Pop Mart will hold a conference call on its Q1 2026 business update on May 13.

Large companies:

BeiGene: Net profit in the first quarter reached 1.608 billion yuan, turning a profit from a loss year-on-year

36Kr learned that BeiGene released its performance report for the first quarter of 2026. The report shows that in the first quarter of 2026, the company achieved an operating income of 10.544 billion yuan, a year-on-year increase of 31.0%. The net profit attributable to shareholders of the listed company was 1.608 billion yuan, turning a profit from a loss in the same period of the previous year. The change in performance is mainly due to the growth of product revenue and cost management, which have promoted the improvement of operating efficiency.

Is there a possibility of adjusting the revenue recognition rules? Guizhou Moutai responds

On May 11th, Guizhou Moutai held a performance briefing for the year 2025 and the first quarter of 2026. At the meeting, in response to questions about the company's revenue recognition rules and whether there is a possibility of subsequent adjustment, Yu Siming, the Chief Financial Officer and Acting Secretary of the Board of Directors of Guizhou Moutai, replied that the company strictly complies with the requirements of the "Accounting Standards for Business Enterprises No. 14 - Revenue" issued by the Ministry of Finance and recognizes revenue when the customer obtains control of the relevant goods. Among them, for the self - operated channels (including iMoutai), revenue is recognized upon customer's confirmation of receipt, and for the social distribution channels, revenue is recognized upon the distributor's signing for the goods. (NBD)

Xiantan Co., Ltd.: Chicken product sales revenue reached 532 million yuan in April, a month-on-month increase of 15.9%

36Kr learned that Xiantan Co., Ltd. announced that in April 2026, the company achieved chicken product sales revenue of 532 million yuan and a sales volume of 58,000 tons, with year-on-year changes of 19.01% and 16.41% respectively, and month-on-month changes of 15.9% and 8.1% respectively. Among them, the food processing industry achieved chicken product sales revenue of 76.5404 million yuan and a sales volume of 5,500 tons, with year-on-year changes of 126.86% and 128.01% respectively, and month-on-month changes of 44.76% and 66.76% respectively. The R & D, brand building, and sales market of the company's first and second-phase projects for prepared food have been steadily promoted. The production capacity of prepared food is gradually being released, the production and processing volume is gradually increasing, and the sales volume and sales revenue are also increasing accordingly.

Chery Responds to "Entering the Japanese Market"

On May 11th, it was reported that Chery Automobile is collaborating with Japanese automotive supplies giant AUTOBACS SEVEN and others to sell pure electric vehicles (EVs) made in China in Japan. Specifically, Chery, AUTOBACS, and other joint - venture partners have established a joint - venture company, and through the development and sales company EMT (located in Yokohama) under this joint - venture company, they will launch their own EV brand. The first EV is planned to be delivered in Japan starting in 2027. Leveraging the technology Chery has accumulated in the Chinese market, it will be equipped with functions such as advanced driving assistance. The specific price will be determined in the future, but it will target the mainstream market. In response, Chery Automobile stated that it is only one of the multiple shareholders investing in the EMT project and does not participate in the operation and management. (Yicai Global)

Toyota is reported to build a new automobile manufacturing plant in India

Toyota is reported to build a new automobile manufacturing plant in India. (Caixin)

China Biopharmaceutical: Zhengda Tianqing Reaches an Exclusive Strategic Cooperation with GlaxoSmithKline

36Kr learned that China Biopharmaceutical announced in the Hong Kong Stock Exchange that Zhengda Tianqing Pharmaceutical Group Co., Ltd. (Zhengda Tianqing), a subsidiary of the Group, has reached an exclusive strategic cooperation with GlaxoSmithKline (GSK) to accelerate the launch process of bepirovirsen in the Chinese mainland. According to the terms of the agreement, Zhengda Tianqing will be responsible for the import, distribution, hospital access, as well as promotion and non - promotion activities of bepirovirsen in the Chinese mainland. All sales revenue generated from this product will be recognized as Zhengda Tianqing's operating income. GSK will continue to act as the Marketing Authorization Holder (MAH) and be responsible for regulatory registration matters, quality control, pharmacovigilance, and global medical strategies.

Pop Mart will hold a business update conference call for the first quarter of 2026 on May 13th.

Pop Mart will hold a business update conference call for the first quarter of 2026 on May 13th, and the company's senior management team will participate. The first - quarter conference call and the annual general meeting of shareholders will be held on the same day, May 13th. From 2023 to 2025, Pop Mart only released announcements on the relevant operating data for the first quarter and has never held a public business conference call. (Jiemian)

Investment and Financing:

"Luming Robotics" Completes Hundreds of Millions of Yuan in Series A1 and A2 Financing Rounds

36Kr learned that recently, "Luming Robotics" announced it has successfully completed two rounds of financing, Series A1 and A2. The Series A1 round was led by Mitsubishi Electric Manufacturing Technology (China) Group Co., Ltd. (which coordinates the industrial automation business in China, hereinafter referred to as "Mitsubishi Electric"), with existing shareholders such as Puhua Capital and Wuzhong Financial Holdings oversubscribing. The Series A2 round was again led by Mitsubishi Electric, followed by industrial investors including Hundsun Technologies, Haigao Group, and Kunshi Investment. Upon completion of these two rounds, the company has accumulated financing of nearly 1 billion yuan. The funds will be used for the company's continued investment in the R&D of embodied large models and scenario expansion.

New Products:

Tencent Cloud: QClaw Officially Launches the "File Space" Feature

36Kr learned that according to Tencent Cloud's official Weibo account, today, QClaw officially launched the "File Space" feature. With just one authorization, QClaw can comprehensively connect local files, Tencent Docs, and the ima knowledge base in one go. From searching for materials, AI processing, to final output and collaboration, everything is closed-loop within one workspace.

Qianwen Integrates with Taobao, Officially Launches AI Shopping

36Kr learned that on May 11th, Qianwen was fully integrated with Taobao. Users can open the Qianwen App, have a conversation with the AI, and then complete the selection, comparison, and order placement of products on Taobao. By opening the Taobao App and clicking on the "Qianwen AI Shopping Assistant", users can engage in AI shopping and use functions such as AI virtual try - on, AI calculation of discounts, and AI assistance in grabbing low - priced items. Alibaba is the first in the industry to integrate the entire AI shopping chain, achieving for the first time a full - process closed - loop of AI shopping from product recommendation to order placement, fulfillment, and after - sales service.

Today's Viewpoint:

ECB's Kohler: If inflation outlook doesn't improve, interest rates will be adjusted

Quoting the statement of Martin Kohler, a member of the ECB's Governing Council, on Monday: If the inflation outlook fails to improve significantly, the ECB will soon need to adjust interest rates. Kohler said in an interview with the Swiss newspaper "Neue Zürcher Zeitung" that although the conflict in Iran has pushed up energy prices, it doesn't make much sense to predict the ECB's next move several weeks before the monetary policy meeting on June 11. When asked if he agreed with the market's expectation of an ECB rate hike in June, he said, "But if the situation doesn't improve significantly, an interest rate adjustment will be inevitable in the short term." (Sina Finance)

Other news worthy of attention:

Beijing-Shanghai High-Speed Railway: Adjust the Published Fares of EMU Trains on the Beijing-Shanghai High-Speed Line and the Hefei-Bengbu High-Speed Line

36Kr has learned that the Beijing-Shanghai High-Speed Railway has announced that the company has decided to optimize and adjust the published fares of EMU trains on the Beijing-Shanghai High-Speed Line and the Hefei-Bengbu High-Speed Line. The published fares of EMU trains with a speed of 300 - 350 km/h and 200 - 250 km/h and below will be increased by 20%. The fares implemented between stations will take the published fares as the upper limit and will be discounted at different rates. This adjustment aims to improve the market-oriented fare mechanism and enhance the quality of passenger transport services, but the impact on the company's performance is uncertain.

UK Plans to Attract £99 Billion in Overseas Pension Funds for Key Projects by 2035

The UK government has announced a plan with the goal of attracting £99 billion in overseas pension funds to invest in key projects in the UK by 2035. Just a few weeks ago, the government barely managed to get the pension bill passed in Parliament. The UK will establish a new "Supers Unit" led by the Investment Office, aiming to strengthen collaboration, simplify processes, and attract Australian pension funds to invest in growth sectors such as infrastructure, real estate, and private equity markets in the UK. (Sina Finance)

Tianzhou-10 Cargo Spaceship Completes Rendezvous and Docking with the Space Station Complex

According to the China Manned Space Engineering Office, after entering orbit, the Tianzhou-10 cargo spaceship successfully completed its status setup. At 13:11 on May 11, 2026, Beijing time, it successfully docked with the rear port of the Tianhe Core Module of the space station. After the rendezvous and docking, Tianzhou-10 will enter the combined flight phase. Subsequently, the crew of Shenzhou-21 will enter the Tianzhou-10 cargo spaceship and carry out relevant work such as cargo transfer as planned. (CCTV News)