8 Uhr, 1 Krypton | Amerikaner kaufen aus Panik iPhones; Die Eisenbahnbuchungsplattform 12306 führt die Funktion "Haustiertransport" ein; Nach einem Halbjahr Ausstrahlungspause geht die APP "Sanzhiyang Xiaoyangxuan" online.

Going Public in Progress

Webull Corporation

36Kr learned that the International Cooperation Department of the China Securities Regulatory Commission issued a notice on the overseas issuance and listing filing of Webull Corporation. The overseas issuance and listing filing materials submitted by the company through its domestic operating entity, Hunan Weibu Information Technology Co., Ltd., have been received. The company will be listed on the NASDAQ Stock Exchange in the United States through a merger with the overseas special purpose company SK Growth Opportunities Corporation, and will simultaneously issue no more than 64,221,920 common shares. 

Top 3 Big News

Americans Rush to Buy iPhones in a Panic

The official price of a 256GB iPhone 16 Pro is $1,100. According to data calculated by US media, the cost for Apple to produce one phone is approximately $580. However, after the US announced a so - called "reciprocal tariff" of 34% on China, combined with the existing 20% tariff, the additional tax will reach $296.86. The cost of one phone will rise to $876.79, an increase of over 50%. According to a forecast by Morgan Stanley, the losses this round of tariff costs could bring to Apple may be as high as $33 billion per year.

The Trump administration's threat to impose large - scale new tariffs has caused Apple's stock price to plummet, but it has also brought a short - term benefit: consumers are flocking to retail stores to buy iPhones. Employees at Apple stores across the United States said that the stores were crowded with customers on weekends. Many consumers are worried that once the tariffs are implemented, the product prices will rise significantly. An employee who asked to remain anonymous because they were not authorized to speak publicly said that their store was almost "overwhelmed" by customers rushing to buy phones: "Almost every customer asked me if the prices were going to go up soon." (CCTV News, Sina Finance)

12306 Launches "Pet Shipment" Function

It is learned from China Railway Express Co., Ltd. that starting from April 8th, the railway department will pilot a high - speed rail pet shipment service featuring "isolated transportation, separation of passengers and pets, and dedicated care" on some trains of the Beijing - Shanghai High - Speed Railway. Meanwhile, 12306 will launch the "pet shipment" function. Passengers can make an online reservation at least 2 days in advance. After a successful reservation, they can ship one pet cat or dog that is domestically raised, in good health, weighs no more than 15 kilograms, and has a shoulder height of no more than 40 centimeters on the same train. Starting from April 8th, the high - speed rail pet shipment service will be piloted on 10 trains such as G119/118, G121/122, G127, G134, G183/184, G195/196 between 5 stations including Beijing South, Jinan West, Nanjing South, Shanghai Hongqiao, and Hangzhou East on the Beijing - Shanghai High - Speed Railway.

The charging standards for pet shipment have also been announced. According to the information released by 12306, during the pilot period, specific discounts will be given to passengers who purchase tickets for the same train on the same route, with a 30% discount off the standard price. Specifically, for distances within 1000KM (inclusive), the standard price is 558 yuan per pet, and the discounted price is 360 yuan per pet; for distances between 1000 - 1500KM (inclusive), the standard price is 658 yuan per pet, and the discounted price is 460 yuan per pet; for distances between 1500 - 2000KM (inclusive), the standard price is 958 yuan per pet, and the discounted price is 660 yuan per pet; for distances over 2000KM, the standard price is 1258 yuan per pet, and the discounted price is 860 yuan per pet. (CCTV News, The Paper)

Three Goats' Xiaoyang Zhenxuan APP Launches After Six-Month Hiatus

On April 8th, the self - owned brand "Xiaoyang Zhenxuan" APP of Hefei Three Goats Network Technology Co., Ltd. was launched on multiple app markets. The annual membership fee is 99 yuan, including exclusive discounts and priority services for members, and a commitment of "refunding the difference if not enough savings are achieved". Sixteen days ago, after Three Goats paid a total of 96.728 million yuan in fines and compensation, the joint investigation team in Hefei announced that it "meets the conditions for resuming operations". By this time, the top anchor "Crazy Xiaoyangge" had been off - air for 198 days. (The Paper)

Big Companies/Big Events

Less than 2% of Exports Go to the US, Chinese Automobile Companies Are Less Affected by US Tariffs

Recently, the US government confirmed that it will impose a 25% tariff on all cars and trucks that are wholly or partially produced outside the US, which will take effect on April 3rd. In addition, import tariffs on auto parts produced outside the US will start to be levied on May 3rd this year. However, currently, the additional auto tariffs imposed by the US have limited impact on China's auto exports. Public data shows that in 2024, only 116,000 Chinese cars were exported to the US, accounting for 1.81% of China's total auto export volume. Huatai Securities analysis shows that the 25% auto tariff has a relatively small negative impact on China's direct exports. It mainly affects the expected revenues and profits of leading automobile companies in countries such as Japan, South Korea, and Germany. Chinese automobile companies may gain more growth in regions such as the EU and Southeast Asia. (Securities Times)

Seven Listed Companies of China Merchants Group Issue Collective Statements

Seven listed companies under China Merchants Group, namely China Merchants Shekou Industrial Zone Holdings Co., Ltd., China Merchants Port Holdings Co., Ltd., China Merchants Energy Shipping Co., Ltd., China Merchants Highway Co., Ltd., Sinotrans Limited, Liaoning Port Co., Ltd., and China Merchants Property Operation Co., Ltd., collectively released announcements before the market opened on April 8. Based on their firm confidence in the companies' future development prospects and high recognition of their intrinsic value, they plan to speed up the implementation of share repurchase plans, effectively safeguard the rights and interests of all shareholders of the listed companies, continuously strengthen the market's confidence in the listed companies, and enhance the investment value of the listed companies. (People's Daily)

State - owned Assets Supervision and Administration Commission of the State Council Fully Supports Central - SOE - Controlled Listed Companies to Increase Shareholding Increases and Repurchases

The State - owned Assets Supervision and Administration Commission of the State Council stated on the 8th that it will fully support and promote central state - owned enterprises and their controlled listed companies to take proactive actions, continuously increase the intensity of shareholding increases and repurchases, effectively safeguard the rights and interests of all shareholders, continuously strengthen the market's confidence in listed companies, strive to enhance the company's value, and fully demonstrate the responsibility of central state - owned enterprises. At the same time, it will strengthen guidance on the market value management of central state - owned enterprises, guide central state - owned enterprises to continuously create high - quality value - investment targets that are responsible, performance - driven, sustainable, and rule - abiding for investors, and contribute to the healthy and stable development of the capital market. (Xinhua News Agency)

As of the end of March, a total of 346 generative AI services have completed the filing process

To promote the innovative development and standardized application of generative AI services, the cyberspace administration department, in conjunction with relevant departments, has been continuously carrying out the filing work for generative AI services in accordance with the requirements of the Interim Measures for the Administration of Generative AI Services. As of March 31, 2025, a total of 346 generative AI services have completed the filing process with the National Cyberspace Administration; for generative AI applications or functions that directly call the capabilities of the filed models through API interfaces or other means, a total of 159 generative AI applications or functions have completed the registration process with local cyberspace administration departments. (Jiemian News)

Tax Refund for Departing Tourists: "Buy Now, Refund Now" Service to Be Rolled Out Nationwide Starting April 8

36Kr learned that the State Taxation Administration has issued an "Announcement on Promoting the 'Buy Now, Refund Now' Service for Tax Refunds for Overseas Tourists' Purchases upon Departure", clarifying that starting from April 8, the "Buy Now, Refund Now" service for tax refunds for departing tourists will be promoted nationwide. It is reported that as a convenient service measure, compared with the traditional process of tax refund for departing tourists, the "Buy Now, Refund Now" service advances the tax refund process. Overseas tourists can receive the tax refund at the shopping stage, which is conducive to tourists using the refunded tax for further consumption on - site. This provides overseas tourists with a more convenient and diverse option for tax refunds. This measure was piloted in places such as Shanghai, Beijing, Guangdong, Sichuan, and Zhejiang in the early stage, and now it meets the conditions for nationwide promotion.

20 A-share Companies Disclose Share Repurchase or Stake Increase Plans of Over 1 Billion Yuan

According to incomplete statistics, recently, 20 A-share listed companies, including Contemporary Amperex Technology Co., Limited (CATL), PetroChina, CNOOC, XCMG Construction Machinery Co., Ltd., Midea Group Co., Ltd., Sinopec, China Three Gorges Renewables (Group) Co., Ltd., Rongsheng Petrochemical Co., Ltd., Guotai Junan Securities Co., Ltd., Luxshare Precision Industry Co., Ltd., Aluminum Corporation of China Limited, BOE Technology Group Co., Ltd., COSCO SHIPPING Holdings Co., Ltd., Lens Technology Co., Ltd., NARI Technology Co., Ltd., Wuliangye Yibin Co., Ltd., Hengli Petrochemical Co., Ltd., Sailun Group Co., Ltd., Zijin Mining Group Co., Ltd., and Sichuan Investment Energy Co., Ltd., have issued plan announcements with a maximum share repurchase or stake increase amount of 1 billion yuan. Specifically, CATL announced last night that it plans to repurchase shares with a maximum of 8 billion yuan, involving the largest amount. PetroChina announced at noon that its controlling shareholder plans to increase its stake by 2.8 billion to 5.6 billion yuan, ranking second. CNOOC announced after the market close that its actual controller plans to increase its stake by 2 billion to 4 billion yuan, ranking third. In addition, BOE and COSCO SHIPPING Holdings announced plans to repurchase shares for cancellation. (Cailian Press)

CATL Establishes New Company in Ningde with Business Scope Including AI Software Development

According to Tianyancha, recently, Ningde Rilian Ruiye Technology Co., Ltd. was established with a registered capital of 5 million yuan. Its business scope includes the manufacturing of electronic special equipment, the manufacturing of optical instruments, the sales of optical instruments, the development of artificial intelligence application software, software development, and the development of artificial intelligence basic software. The company is jointly held by Shenzhen Rilian Technology Co., Ltd., a subsidiary of Rilian Technology, and Yibin Ruiye Enterprise Management Co., Ltd. (Jiemian News)

A Mixue Bingcheng Sign in Hebei Changed to Green, and the Official Responded that Merchants' Signboards are Banned from Using Red, Black, and Blue Colors

Recently, netizens said that the urban management department in Sanhe City, Langfang City, Hebei Province, required the unified color change of storefront signs with red backgrounds, which has attracted attention. A staff member of the Sanhe Urban Management Bureau said that this is in accordance with the urban planning requirements of the municipal government, and the background colors of storefront signs can be any color except red, blue, and black. A staff member of the Sanhe Municipal Government Office responded to Jimu News, saying, "We don't know about this either."

On the morning of April 8th, a staff member of a Mixue Bingcheng store in Yanjiao Development Zone, Sanhe, Hebei, said that the store's sign had been changed to green. "The urban management said that all storefront signs near major intersections are not allowed to use red." The staff member said that the (colors of storefront signs) near major intersections have all been changed, while those not near major roads have not. (Jimu News)

Yonghui Superstores: Current production and business operations are normal, and there are no major matters that should be disclosed but have not been disclosed.

36Kr learned that Yonghui Superstores announced that the cumulative deviation of the daily closing price increase of its stocks reached 20% within three consecutive trading days from April 3rd to April 8th. According to the "Rules of the Shanghai Stock Exchange for Trading", this falls into the category of abnormal fluctuations in stock trading. After the company's self - inspection, as of the date of this announcement, the company's current production and business operations are normal, and the store renovation is being carried out steadily and in an orderly manner. There have been no major changes in the internal and external business environment. There are no major matters that should be disclosed but have not been disclosed.

Rockchip: Collaborating with Samsung on Multiple Products, All Work Progressing Normally

Today, there were reports in the market that "Samsung's wafer foundry has suspended all business in China." Rockchip responded to this by stating that after verification with Samsung's wafer foundry, this is a false rumor. Rockchip is collaborating with Samsung on multiple products, and all related work is progressing normally. (Caixin Press)

Multiple Banks Tighten Cardless Deposit and Withdrawal Services to Strengthen Account Security Management

Recently, China Merchants Bank announced that it will discontinue the ATM QR code deposit service starting from April 9. According to incomplete statistics, since March 2024, more than 50 banking institutions have announced the suspension of services such as cardless deposit, cardless withdrawal, and QR code deposit and withdrawal. These institutions cover various types of financial institutions, including state - owned large - scale banks, joint - stock commercial banks, city commercial banks, and rural commercial banks. The interviewees said that banks are tightening cardless services mainly for risk control and cost considerations, and more institutions will follow suit in the future. This move aims to balance the convenience of services and the security of funds, promote the transformation of financial services towards stricter identity verification and technology - enabled operations, and use intelligent risk control to make up for the risk deficiencies of traditional cardless services in the future. (Securities Daily)

Xiaomi Communications' 20 billion yuan small public offering bond application accepted by Shanghai Stock Exchange

36Kr learned that the bond project information platform of the Shanghai Stock Exchange shows that the status of the 20 billion yuan small public offering bond project of Xiaomi Communications Technology Co., Ltd. has been updated to "accepted", and the acceptance date is April 7, 2025. The draft prospectus shows that the issuance scale of this bond shall not exceed 20 billion yuan (inclusive). After deducting relevant issuance fees, the raised funds are intended to be used for repaying the company's interest-bearing debts, supplementing the company's working capital, project construction investment, or other purposes permitted by laws and regulations.

All three major U.S. stock indexes closed lower, and most large-cap tech stocks declined

36Kr learned that at the close on April 8, all three major U.S. stock indexes fell. The Dow Jones Industrial Average dropped 0.84%, the Nasdaq Composite tumbled 2.15%, and the S&P 500 Index declined 1.57%. Most large-cap tech stocks declined. Tesla and Apple fell more than 4%, Amazon dropped more than 2%, and NVIDIA, Google, and Meta declined more than 1%. Microsoft posted a slight decline, while Netflix edged up. Most popular Chinese concept stocks fell. iQiyi dropped more than 12%, Li Auto declined 8%, XPeng Motors tumbled more than 7%, Alibaba, Pinduoduo, and Tencent Music dropped more than 6%, Weibo declined more than 5%, Bilibili tumbled more than 4%, Baidu dropped more than 3%, JD.com declined more than 2%, and NetEase dropped more than 1%.

U.S. Chamber of Commerce Plans to Sue Government to Block Tariffs

According to a report by U.S. magazine Fortune, the U.S. Chamber of Commerce is considering suing the Trump administration to block new tariffs that are set to take effect on the 9th. The report said that the U.S. Chamber of Commerce represents millions of American businesses, large and small, and is funded by industry giants. The chamber has been considering taking the U.S. government's tariff war to court, and some of its larger members are also urging it to do so. One person familiar with the matter said that some other groups may join the U.S. Chamber of Commerce in filing the lawsuit. (Global Times)

The European Commission proposes a 25% tariff on some US goods, expected to take effect on May 16

It was learned on the 7th local time that a European Union document shows that the European Commission proposes to impose a 25% tariff on a series of US imported goods, and the tariff plan will take effect on May 16. On the other hand, the European Commission has removed US bourbon whiskey from its list of goods subject to retaliatory tariffs. Earlier on the 7th, European Commission Executive Vice - President for Trade and Economic Security Valdis Dombrovskis said that the first part of the EU's tariff plan against the US will start on April 15, and the second part will start on May 15. Dombrovskis said that EU member states will vote on retaliatory measures against US steel and aluminum tariffs on April 9. If the vote is passed, the two parts of the EU's tariffs on the US will be imposed on April 15 and May 15 respectively. (CCTV News)

Amazon Signs Agreement with Airbus to Provide In-flight Connectivity Services

Airbus announced on April 8 that it had signed a memorandum of understanding with Amazon. It will use the latter's Kuiper satellite internet network to provide in-flight connectivity (IFC) services, aiming to enhance passengers' in-flight experience and optimize flight operations. (Jiemian News)

Porsche's Global Deliveries Down 8% in Q1, Sales in China Down 42%

German luxury sports car manufacturer Porsche said on Tuesday that affected by the decline in demand in China and Europe, the company's global vehicle deliveries in the first quarter decreased by 8% year-on-year to 71,470 units. Among them, deliveries in the Chinese market dropped by 42% year-on-year, and those in Europe decreased by 10%. In its home market of Germany, deliveries fell by 34% to 7,495 units. However, deliveries in the North American market increased by 37% to 20,698 units, partly due to the import-related delays in the delivery of some models in the same period last year. (Sina Finance)

Nintendo Responds to US Tariff Impact for the First Time: Pricing Strategy of Switch 2 Faces Major Challenges

Doug Spencer Bowser, the President of Nintendo of America, admitted on Monday that the company had misjudged the product pricing. The pricing strategy for the next - generation Switch 2 console did not pre - consider the variable of US tariffs. Currently, the company is "actively evaluating" the impact of the 25% import tariff on game consoles on the final retail price. Analysts said that if the full cost of the tariff is passed on, the price of Switch 2 in the US may exceed the psychological threshold of $399, a 33% premium compared to the current Switch, which may weaken its competitiveness during the year - end shopping season. (Sina Finance)

The Cutting - Edge of AI

Kugou Music Reaches In - depth Cooperation with DeepSeek and Launches a Series of Innovative Features

36Kr learned that Kugou Music announced an in - depth cooperation with the artificial intelligence company DeepSeek and launched a series of innovative features to promote the transformation of the music platform into an "intelligent entertainment hub". This upgrade includes a weekly music - listening report system. Through multimodal analysis of music - listening data, it constructs a three - dimensional portrait covering styles, emotions, and scenarios, realizing the social application of data assets. It also includes AI daily recommendations and intelligent search, AI playlist management, AI design tools to generate dynamic covers, UGC ecosystem AI content upgrade, etc. In addition, an "AI comment officer" with character settings is launched to achieve a human - machine collaborative ecosystem.

Financial Reports of Large Companies

Samsung Electronics' operating profit in the first quarter was 6.6 trillion won

According to the financial report for the first quarter of 2025 released by Samsung Electronics on April 8, its sales reached 79 trillion won, compared with 71.92 trillion won in the same period of the previous year; the operating profit was 6.6 trillion won, compared with 6.61 trillion won in the same period of the previous year. (Jiemian News)

Bear Electric Appliance: Net profit of 288 million yuan in 2024, a year-on-year decrease of 35.37%

36Kr learned that Bear Electric Appliance released its 2024 annual report. The report shows that in 2024, the operating income was 4.758 billion yuan, a year-on-year increase of 0.98%; the net profit attributable to shareholders of the listed company was 288 million yuan, a year-on-year decrease of 35.37%; the basic earnings per share was 1.86 yuan per share. The company plans to distribute a cash dividend of 10 yuan (including tax) for every 10 shares to all shareholders.

Northern Rare Earth: Net profit in 2024 decreased by 57.64% year-on-year

36Kr learned that Northern Rare Earth released its 2024 annual performance preview. The company's total operating revenue in 2024 was 32.966 billion yuan, a year-on-year decrease of 1.58%; the net profit attributable to shareholders of the listed company was 1.004 billion yuan, a year-on-year decrease of 57.64%.

Investment and Financing

"Zhongqing Robotics" Completes a New Round of Financing

36Kr learned that "Zhongqing Robotics", an enterprise invested by Honghui Capital, has completed a new round of Pre - A financing, with a total financing amount of nearly 200 million RMB. This round of financing was led by Stone Venture, and a group of old shareholders such as SenseTime Guoxiang Capital and Honghui Capital continued to increase their investment. The funds from this round will be mainly used to accelerate the R & D and upgrading of humanoid robot bodies, cerebella, and embodied intelligence, further promote large - scale production, expand domestic and international markets, and help Zhongqing become a globally leading humanoid robot enterprise.

Cool Products

Huawei Vision Smart Screen 5 Pre-sale Launched

36Kr learned that Huawei Terminal announced that the pre-sale of Huawei Vision Smart Screen 5 has been launched. This is the first upgrade of this product series to adopt HarmonyOS AI, Honghu Super MiniLED, and support Huawei Lingxi Pointing Remote Control. The price starts from 5,499 yuan.

Compiled | Dingding Fried Noodles