8 AM Kr Brief | Free replacement service is available for iPhone Duo with cracked inner screen; Only one stock in the A-share market is priced above 1,000 yuan; The Ministry of Foreign Affairs responds to the incident where Mbappé has had his endorsement contracts terminated by multiple brands.
OpenAI releases GPT-6.1 Terra, which is capable of interpreting blueprints and editing videos
Jewelry gold price drops sharply, and investment gold bars return to the price range starting with "8"
The three major A-share indices closed lower collectively, with the share prices of Industrial and Commercial Bank of China and China Construction Bank hitting new highs again
Pop Mart is advancing its next theme park project
Elon Musk says SpaceX's mobile network construction will take 2 to 3 years
Free replacement is available for iPhone Duo units with inner screen cracking, and Apple has launched an investigation into the screen breakage issue
Apple's first foldable smartphone iPhone Duo has received complaints about inner screen cracking only a few days after its release. The official side has acknowledged that a small number of devices have problems and provides replacement services. The teardown platform iFixit believes that the failure of hinge components may be the main cause.
According to reports, Apple stated in the statement provided to the media that the company has noticed that a small number of iPhone Duo have problems with their inner screens, and users who encounter such problems can contact AppleCare to apply for device replacement. Apple also said that the vast majority of devices are not affected, and the faulty models usually show malfunctions in the initial stage of use. According to Apple employees, the company has not yet issued official guidelines to retail stores and customer service staff, but relevant teams have launched an investigation, and some engineers are trying to recover the affected devices for analysis. (CLS)
Only Kweichow Moutai remains the A-share stock priced above 1,000 yuan, Lianxun Instruments drops below the 1,000-yuan threshold
On October 27, technology stocks opened higher and trended lower. Lianxun Instruments, the second highest-priced stock on the A-share market, fluctuated downward and fell below the 1,000-yuan mark during the trading session. It closed 6% lower at 987.00 yuan per share, with a total market capitalization of 149.971 billion yuan. Following Cambricon and Yuanjie Technology, Lianxun Instruments has become another stock that exited the 1,000-yuan stock list this month. Currently, Kweichow Moutai is the only A-share stock that remains priced above 1,000 yuan. Kweichow Moutai posted a slight rise that day, with a cumulative monthly increase of more than 7%. Against the backdrop of high-level adjustments in the AI hardware and semiconductor sectors and continuous capital withdrawal from high-valuation growth stocks, the consumer leading enterprise with stable profitability and dividend distribution capacity has become the only remaining member in the 1,000-yuan stock camp. (CLS, Jiemian News)
Foreign Ministry Responds to Mbappé's Termination of Endorsement Deals by Multiple Brands, Mbappé's Accounts on Xiaohongshu and Weibo Have Been Muted
On October 27, 2026, Foreign Ministry Spokesperson Guo Jiakun presided over a regular press conference. A reporter from Agence France-Presse raised a question: Today, French player Kylian Mbappé has had his brand endorsement contracts terminated by several Chinese companies due to a widely circulated online video showing him making inappropriate remarks related to China. What is the comment of the Foreign Ministry on this matter? Guo Jiakun responded: We have noted relevant reports. Words and deeds that hurt the feelings of the Chinese people will naturally be jointly boycotted by all sectors of Chinese society.
It is learned that Kylian Mbappé, the French player playing for Real Madrid, made inappropriate remarks involving China in a recent interview. Mengniu Dairy and Dongpeng Special Drink Group have successively announced the termination of cooperation with Kylian Mbappé. On the afternoon of October 27, reporters found through retrieval that Mbappé's account on Xiaohongshu has been restricted from being followed, and his account page shows the prompt "This account has been muted for violating relevant community rules". His Weibo account has also been muted.
On the evening of October 27 Beijing time, Mbappé posted an apology statement in three languages including French, Chinese and English on his social platform: "In a recent interview, I responded to an image that featured me. My remarks were improper, and now I understand that these words have hurt many people in China and Chinese communities around the world. I apologize to all those who have been hurt by my remarks. This was never my intention. I have deep respect for the Chinese people and their history, and I am truly sorry. (Red Star News, Jiemian News, Shangguan News)
Google Unveils Genie 4 World Model: New Audio Features, More Realistic Virtual World and Real-Time Manipulation
Google DeepMind released its latest world model Genie 4 as a research preview on Tuesday. This newest model generates the most lifelike and interactive worlds to date, allowing users to enter prompts to modify scenes during the simulation process. The model can also generate real-time audio that matches the simulated world, including music, ambient noise and interactive conversations. Several months before the release of Genie 4, AI video startup Runway just launched its second world model GWM Worlds 2 — a playable model that can dynamically respond to user input and incorporates audio generation. (Sina Finance)
OpenAI Unveils GPT-6.1 Terra, Capable of Interpreting Drawings and Editing Videos
On October 26 local time, OpenAI announced the launch of GPT-6.1 Terra. This model is fast and efficient, with enhanced capabilities in visual reasoning, computer operation and other fields, which can help users draft proposals, interpret technical drawings, fill out forms and edit videos. OpenAI stated that the standard API price of Terra is 50% lower than that of GPT-5.6 Terra and GPT-6.1 Sol, enabling developers to automate large-volume work in a cost-effective manner. (Jiemian News)
NVIDIA and Meta announced that they will expand their cooperation on the Muse series models to respond to the explosive market demand for AI agents
NVIDIA and Meta announced that they will expand their cooperation on the Muse series models to respond to the explosive market demand for AI agents. The two parties will also explore collaboration across more technical dimensions, including strengthening the AI agent security system based on NVIDIA OpenShell reference architecture, realizing full-link monitoring of agent behaviors with the help of NVIDIA Sentry, and covering all types of processing scenarios for structured, unstructured and graph data. Meta will further expand the deployment scale of NVIDIA Vera Rubin AI computing cluster and Vera CPU, equipped with NVIDIA Spectrum-X Ethernet network and BlueField-4 DPU, to comprehensively improve the operating performance and scalability of AI workloads. (CLS)
AGIBOT GO-3 Nano Preview Tops RoboDojo
36Kr learned that on October 27, the latest ranking released by RoboDojo, the evaluation benchmark in the field of embodied intelligence, shows that GO-3 Nano Preview from AGIBOT (Zhiyuan) topped the list with an average score of 61.90 and an average success rate of 56.42%, surpassing GPT-6 Astra. In addition, in the three sub-dimensions of fine manipulation, long-horizon execution and open semantic understanding, GO-3 Nano Preview scored 78.65 points, 68.21 points and 61.71 points respectively, ranking first in all items.
SK Hynix expects the scale of shareholder return in fiscal year 2026 to be about 100 trillion won, and plans to repurchase and cancel shares
SK Hynix announced that it expects the total shareholder return in fiscal year 2026 to reach about 100 trillion won, including at least 30 trillion won in cash dividends and at least 60 trillion won for the repurchase and cancellation of its own shares. The company decided on the same day to repurchase shares worth 20 trillion won, of which about 10 trillion won is expected to be used for shareholder return and about 10 trillion won for employee compensation, and the repurchased shares used for shareholder return will be cancelled. The company also plans to use most of the investment income generated from its investment in Japan's Kioxia for special dividends, with the dividend per share in the third quarter standing at 20,000 won, including a regular dividend of 10,000 won and a special dividend of 10,000 won. The above-mentioned scale of shareholder return is an estimated figure, and the actual amount may change with fluctuations in the operating environment and business performance. (Jiemian News)
Xiaomi's first staff housing project is officially on sale, with a record-filing average price of 13,800 yuan per square meter
On October 24, Chen Bo, General Manager of Xiaomi Ecosystem Chain, posted a video on Weibo stating that the Xiaomi Wuhan Optics Valley Dream Home project officially opened for sale on October 25, which is also the first staff residential project launched by Xiaomi in Wuhan. Reporters learned that the Xiaomi Optics Valley Dream Home project consists of 4 buildings with 297 housing units, and its record-filing average price is 13,885 yuan per square meter. According to market sources, the internal preferential price for Xiaomi employees is expected to be only around 12,000 yuan per square meter. Accordingly, the reporter sent an interview request to Xiaomi Group on the same day, but did not receive an effective reply as of press time. (Daily Economic News)
Gold jewelry prices drop sharply, and investment gold bars return to the price range starting with the figure "8" (hundred yuan per gram)
Recently, the international gold price has fluctuated drastically. COMEX gold posted a 4% decline last week. Multiple on-site visits by reporters show that affected by the recent correction of international gold prices, the prices of domestic gold jewelry, gold bars, gold commemorative badges and other gold products have fallen accordingly. Among them, the per-gram price of investment gold bars has returned to the range starting with the figure "8", while the per-gram price of gold jewelry has dropped to around 1000 yuan. In terms of offline transactions, the gold market has received high public attention. (China Securities Journal)
Porsche CFO: Shifting production to the United States is not cost-effective overall
Porsche CFO said that moving production to a potential Audi plant in the United States will bring benefits in terms of tariffs, but will generate additional costs, so it is not cost-effective on the whole. (CLS)
Nvidia and Oracle Expand AI Infrastructure Partnership, Vera Rubin System Deployment to Reach Multi-Gigawatt Scale
On October 27 local time, Nvidia and Oracle announced that they will expand the Oracle Cloud Infrastructure (OCI) supercluster equipped with Nvidia Vera Rubin NVL72 systems to a multi-gigawatt scale, and officially provide Vera Rubin NVL72 systems and Vera CPU cloud services. Oracle also plans to launch the HGX Rubin NVL8 system equipped with 8 Rubin GPUs to support cutting-edge model training, inference and agent applications. The two sides stated that this cooperation aims to improve GPU utilization and provide scalable computing power for AI workloads. (Jiemian News)
Oracle to Offer Google TPU on Its Cloud Platform in 2027
On October 27 local time, Oracle and Google announced that Google Tensor Processing Units (TPUs) will be integrated into Oracle Cloud Infrastructure (OCI), making Oracle the first hyperscale cloud service provider outside Google to offer Google TPUs. The two parties stated that the service is expected to launch in 2027 and gradually scale up over several years to support large model training, inference and agent applications. Google's 8th-generation TPUs include the TPU 8t for training and the TPU 8i for inference. (Jiemian News)
Shipping costs surge by nearly 14%, and the US may usher in its "most expensive shopping season"
According to reports, affected by geopolitical conflicts and the continuous rise of international oil prices, the retail and logistics industries across the United States are expected to embrace the most expensive year-end shopping season in history in the fourth quarter of this year. With the current average diesel price soaring by nearly 74% year-on-year, the national parcel shipping costs in the fourth quarter will rise significantly. Among them, the shipping cost of ordinary parcels is expected to increase by 5.8% year-on-year, and the shipping cost of expedited express parcels will surge by 13.8%, bringing a prominent impact on the upcoming holiday consumer market. (CLS)
The three major U.S. stock indexes closed higher collectively, with most large-cap tech stocks on the rise
36Kr learned that at the close of trading on October 27, the three major U.S. stock indexes rose across the board: the Nasdaq Composite rose 1.18%, the S&P 500 rose 0.06%, and the Dow Jones Industrial Average rose 0.03%. Most large-cap tech stocks posted gains: Tesla rose more than 4%, Intel rose over 3%, Micron Technology rose more than 2%, Amazon and Google rose over 1%, Apple and Nvidia recorded slight increases, Meta fell more than 1%, and Microsoft edged down slightly. Hot Chinese concept stocks traded mixed: XPeng Inc. and JD.com rose more than 1%, NIO, Baidu and Pinduoduo saw slight gains, NetEase fell more than 3%, Bilibili fell over 1%, and Li Auto and Alibaba dipped slightly.
Pop Mart is pushing forward its next theme park project
Senior executives of Pop Mart stated at the earnings conference on the 27th that Pop Mart is actively advancing its next theme park project, which is currently in the site selection stage. The relevant person in charge of Pop Mart's theme park business revealed in April this year that since the Pop Mart Theme Park (Beijing) opened at the end of 2023, it has achieved profitability in its first year of operation (2024), and its passenger flow in 2025 has increased by 70% compared with that in 2024. (CLS)
Alibaba, BoComm Life and other investors have taken stakes in Chuangyi Shenghua, and the total capital contribution of the fund has increased from 10 million yuan to 735 million yuan
36Kr learned from Tianyancha App that recently, Hangzhou Chuangyi Shenghua Equity Investment Partnership (Limited Partnership) has gone through industrial and commercial registration changes. Its total subscribed capital has been raised from 10 million yuan to 735 million yuan, while new partners including Manulife-Sinochem Life Insurance Co., Ltd., Guangzhou Fuxing Investment Consulting Co., Ltd., BoComm Life Insurance Co., Ltd., and Hangzhou Haoyue Enterprise Management Co., Ltd. which is an affiliate of Alibaba have been added. The partner information shows that Manulife-Sinochem Life, Guangzhou Fuxing, BoComm Life, Hangzhou Haoyue and the executing partner Hangzhou Chuangsheng have subscribed 400 million yuan, 150 million yuan, 100 million yuan, 80 million yuan and 5 million yuan respectively, corresponding to share ratios of 54.42%, 20.40%, 13.60%, 10.88% and 0.68%. Hangzhou Haoyue is jointly held by Taobao (China) Software Co., Ltd., Zhejiang Tmall Technology Co., Ltd. and Alibaba Network (China) Co., Ltd.
SK Hynix's subsidiary Solidigm plans to invest 45 billion US dollars to build a new chip factory in the United States
According to people familiar with the matter, Solidigm Inc., a subsidiary of South Korean memory chip manufacturer SK Hynix, is negotiating with the US government over the plan to invest 45 billion US dollars to build a new chip plant in the United States. If the project is implemented, it will become the first newly built large-scale flash memory chip production facility in the United States. People familiar with the matter said that before deciding whether to move forward, Solidigm hopes to obtain approval from the US government to ship equipment overseas to upgrade its existing local factories. According to insiders, Solidigm told US officials that upgrading its Dalian plant can provide financial support for the new project in the US, thus helping to accelerate the development progress. (Sina Finance)
Mercedes-Benz lowers its 2026 performance outlook, expecting a significant decline in full-year free cash flow from its industrial business
Mercedes-Benz Group has adjusted its full-year 2026 performance outlook, expecting that full-year earnings before interest and tax (EBIT) will remain at the same level as the previous year, and the free cash flow of its industrial business will be significantly lower than the level of the previous year. The adjusted full-year return on sales of the automotive business is expected to be 2% to 3%, that of the van business 8% to 10%, and that of the financial services business 12% to 14%. In the third quarter, Mercedes-Benz Group recorded an EBIT of 1.77 billion euros, which is higher than the market expectation of 1.6 billion euros; the free cash flow of its industrial business stood at 172 million euros. The adjusted return on sales of the automotive business was 2.5%, slightly higher than the market expectation of 2.4%; the adjusted return on sales of the van business was 9.4%. (Cailian Press)
Cainiao Logistics Technology Has Successively Delivered Two Apparel Climbing Robot Warehouses in China
36Kr has learned that the delivery progress of Cainiao's climbing robots keeps moving forward. Before the Double 11 Shopping Festival, climbing robot warehouses have been delivered to two apparel customers in Tianjin and Suzhou. It is understood that the first climbing warehouse in Vietnam is expected to be fully delivered by the end of December.
Infineon will invest 1.1 billion euros in its Austrian plant, targeting mass production of 300mm wafer gallium nitride power semiconductors
Infineon announced on October 27 that it will build the world's first large-scale production base for new-generation gallium nitride (GaN) power semiconductors based on 300mm wafers in Europe. As part of this project, Infineon plans to invest approximately 1.1 billion euros in the existing cleanroom facilities at its Villach, Austria plant by 2034, aiming to expand production capacity using existing and upgraded infrastructure. The base is scheduled to be put into operation at the end of 2027. (CLS)
TSMC is reportedly planning to raise advanced packaging prices by up to 20%
According to media reports cited by TrendForce, driven by the explosive surge in AI demand and the widespread capacity crunch across the semiconductor supply chain, TSMC plans to increase the prices of its advanced chip packaging services, with the maximum rise reaching 20%. The report notes that wafer foundries and outsourced semiconductor assembly and test (OSAT) players including TSMC are preparing for a new round of price increases, set to raise the quotation of CoWoS packaging by 10% to 20%. This packaging technology is widely applied in high-end AI processors. Currently, the demand for CoWoS has expanded from Graphics Processing Units (GPUs) to server Central Processing Units (CPUs) and custom application-specific integrated circuits. Meanwhile, the longer testing cycle for AI chips has further exacerbated the supply pressure on packaging and testing capacity. (Cailian Press)
Southbound Capital made a net sell of HK$519 million in Yangtze Optical Fibre and Cable
Southbound Capital recorded a total net sell of HK$1.238 billion. Yangtze Optical Fibre and Cable, Kingboard Laminate and SMIC saw net sells of HK$519 million, HK$305 million and HK$193 million respectively. In terms of net buys, Xiaomi Group-W, Zhipu AI and China Mobile ranked top three by net purchase amount, with net buys of HK$546 million, HK$426 million and HK$415 million respectively. (Yicai)
Musk Says SpaceX's Mobile Network Construction Will Take 2 to 3 Years
On October 26 local time, Elon Musk responded to a post about SpaceX's US mobile operator network plan on a social platform, stating that SpaceX's mobile network construction plan "will take 2 to 3 years" and he did not disclose further details. (Jiemian News)
South Korea Mulls Levying Education Tax on Crypto Exchanges
Media reports citing unnamed financial industry insiders state that the South Korean government is considering imposing an education tax on cryptocurrency exchanges if they are classified as financial institutions under the proposed digital asset bill. The government has recently communicated this stance to the heads of all crypto exchanges. A senior government official noted that education tax collection will be triggered once the exchanges are categorized under the financial and insurance industry. Currently, cryptocurrency trading and brokerage services are classified as information and communication services, which are exempt from education tax payment. (Sina Finance)
DIP Holding Officially Kicks Off Dubai IPO with Expected Fundraising Size Up to 2 Billion Dirhams
DIP Holding, the Dubai Investments Park Holding under Dubai Investments, has officially launched the subscription for its initial public offering (IPO) on the Dubai Financial Market (DFM), and announced that the offering price range is between AED 1.10 and AED 1.15 per share. This IPO plans to divest and sell 20% of the company's equity, which refers to 1,735,243,300 existing outstanding shares. Calculated at the upper limit of the price range, the total fundraising amount of this offering can reach a maximum of 1.995 billion Dirhams (approximately 543 million US dollars), and the overall valuation of the company can reach up to 9.978 billion Dirhams. (Sina Finance)
Hangju Technology Launches IPO Tutoring
36Kr learned that according to the disclosure on the official website of China Securities Regulatory Commission, Hubei Hangju Technology Co., Ltd. (abbreviated as "Hangju Technology") completed the tutoring filing registration at Hubei Securities Regulatory Bureau on October 26, 2026, and plans to carry out initial public offering of shares and go public. The sponsoring securities firm for the tutoring is Changjiang Securities Underwriting & Sponsorship Co., Ltd.
Pop Mart: Total revenue in the third quarter of 2026 decreased by 45%-50% year-on-year
36Kr learned from the announcement of Pop Mart that the unaudited total revenue in the third quarter of 2026 decreased by 45%-50% year-on-year compared with the third quarter of 2025; among which the revenue in China decreased by 25%-30% year-on-year, the revenue in the Asia-Pacific region decreased by 65%-70% year-on-year, the revenue in the Americas decreased by 70%-75% year-on-year, and the revenue in Europe and other regions decreased by 50%-55% year-on-year. The revenue of offline channels in China decreased by 5%-10% year-on-year, and the revenue of online channels decreased by 45%-50% year-on-year.
Chow Tai Seng: Net profit of RMB 201 million in the third quarter of 2026, down 30.10% year on year
News on October 27, Chow Tai Seng announced in its official filing that its operating revenue in the third quarter of 2026 was RMB 1.943 billion, down 10.66% year on year; net profit attributable to owners of the parent company was RMB 201 million, down 30.10% year on year; non-recurring profit and loss deducted net profit was RMB 204 million, down 24.71% year on year. In the first three quarters of 2026, the operating revenue reached RMB 5.584 billion, down 17.54% year on year; net profit attributable to owners of the parent company was RMB 651 million, down 26.15% year on year; non-recurring profit and loss deducted net profit was RMB 641 million, down 24.87% year on year. (Jin10 Data APP)
Kingsoft Office: Revenue in the third quarter reached 1.766 billion yuan, with a year-on-year increase of 16.11%
36Kr has learned that Kingsoft Office released its 2026 third-quarter report: the company recorded an operating revenue of 1.766 billion yuan, up 16.11% year on year; the adjusted net profit attributable to shareholders of the listed company stood at 539 million yuan, representing a year-on-year growth of 8.44%. The cumulative operating revenue in the first three quarters reached 5.08 billion yuan, rising 21.57% year on year.
Wuliangye: Net profit in the third quarter was 958 million yuan, down 48.25% year on year
36Kr learned from the announcement of Wuliangye that its revenue in the third quarter reached 4.442 billion yuan, down 37.68% year on year; the net profit attributable to shareholders of the listed company was 958 million yuan, down 48.25% year on year. In the first three quarters, its revenue totaled 32.858 billion yuan, up 7.25% year on year; the net profit attributable to shareholders of the listed company was 9.711 billion yuan, up 49.98% year on year.
Hengrui Medicine: Net profit in the first three quarters reaches 6.923 billion yuan, up 20.38% year on year
36Kr learned from the announcement of Hengrui Medicine that the company's operating revenue in the third quarter hit 8.953 billion yuan, representing a 20.55% year-on-year increase; the net profit attributable to shareholders of the listed company was 2.458 billion yuan, up 88.92% year on year. In the first three quarters of 2026, the operating revenue reached 24.409 billion yuan, with a 5.26% year-on-year growth; the net profit attributable to shareholders of the listed company stood at 6.923 billion yuan, rising 20.38% year on year.
Xiaomi Unveils Latest Technical Exploration Achievements of Dexterous Hand: Upgraded 21-DOF Bionic Dexterous Hand Verified Based on 1827 Factory SOPs
36Kr learned that on October 27, Xiaomi Technology unveiled its technical exploration achievements of bionic dexterous hands. Based on complete data collection, analysis and verification of 1827 standard operating procedures (SOPs) in automobile factories, Xiaomi's robotics team designed a brand-new 21-degree-of-freedom bionic dexterous hand. This dexterous hand adopts a hybrid drive and tendon tension control scheme to achieve precise grasping force control, improve reliability and maintainability, and carry out systematic optimization for the heat dissipation system and full-palm tactile perception.
What's the biggest blunder you've ever made in your life?
It could be a work project that fell apart completely, a messed-up critical exam, a broken relationship, or a failed decision. At the moment you got into trouble and stepped into the trap, what was the thought flashing through your mind? It's all over, the sky is falling, my whole life is ruined.
We tend to equate a single oversight with a total life failure, but did these problems or failures really bring about disasters? Probably not. Things will always calm down gradually, and life still has to move forward.
How large on earth is the fault tolerance margin in a person's life? You are welcome to scan the QR code to participate in our solicitation: Did the "mistake" that once made you think it would ruin everything finally get gently turned over in an unexpected way?
Edited by | Song Qingyu