8 Uhr, 1. Krone | Die Einfuhrzölle von 84 % auf US-Produkte werden nun ausgeführt; Apple transportiert dringend 600 Tonnen iPhones nach den USA; Für die Eheschließung und die Scheidungsregistrierung wird kein Haushaltsbuch mehr benötigt.

Going Public in Progress

CATL

According to IFR, CATL has been approved to list on the Hong Kong Stock Exchange. (Cailian Press)

Top 3 Big News

Implementation of an 84% Tariff Increase on U.S. Goods Begins

Starting from 12:01 on April 10, 2025, an additional 84% tariff will be imposed on all imported goods originating from the United States on top of the currently applicable tariff rates.

On April 10, the Ministry of Commerce held its regular press conference. A reporter asked: Trump announced a 90 - day tariff suspension for countries that do not take retaliatory actions, but raised tariffs on Chinese goods to 125%, and possibly even to 150%. Will China continue to impose higher tariffs on the United States? The spokesperson of the Ministry of Commerce said that for the hypothetical question you raised, I am unable to comment at present. However, I would like to emphasize that there are no winners in a trade war, and protectionism leads nowhere. If the U.S. side persists in its wrong - doings, China will accompany it to the end. We will never accept the U.S. side's maximum pressure and bullying practices and will surely take resolute and forceful measures to safeguard our legitimate rights and interests. (CCTV News)

Apple Urgently Ships 600 Tons of iPhones to the United States

People familiar with the matter said that tech giant Apple chartered a plane to ship 600 tons of iPhones, or as many as 1.5 million units, from India to the United States. Previously, Apple had stepped up production in India to cope with Trump's tariffs. The details of this move shed light on the private strategy of this American smartphone company, which is to avoid Trump's tariffs and increase the inventory of its popular iPhones in the United States, one of its largest markets. (Sina Finance)

Household registration books are no longer required for marriage and divorce registration

On April 9th, the newly revised "Regulations on Marriage Registration" were announced and will come into force on May 10th, 2025. According to the regulations, mainland residents applying for marriage registration shall produce the following certificates and written materials: (1) Their resident identity cards; (2) A signed statement indicating that they have no spouse and have no direct lineal blood relations or collateral blood relations within three generations with the other party. Mainland residents applying for divorce registration shall produce the following certificates: (1) Their resident identity cards; (2) Their marriage certificates. This means that household registration books are no longer required for both marriage and divorce registration. (Xinhua News Agency)

Large companies/ Major events

Multiple Banks Raise the Minimum Subscription Amount for Gold Accumulation Business Again

Amid the fluctuating gold prices, commercial banks have initiated adjustments to their gold accumulation business. Reporters have noticed that since April, the gold prices have shown significant fluctuations, and multiple banks have once again raised the minimum subscription amount for the gold accumulation business, increasing the threshold for individual investors. Meanwhile, many banks have also issued investment risk warnings. Experts interviewed believe that the recent intensive adjustments to the threshold of gold investment business by banks are mainly influenced by factors such as significant fluctuations in gold prices and a notable increase in investment risks. Investors should take precautions against risks and rationally allocate precious metal investments. (Securities Daily)

Founder Responds to Duan Yongping's Decision to Stay Away from Xueqiu for a Long Time

On April 10th, well - known investor Duan Yongping posted on the investment communication platform Xueqiu under the ID "Da Dao Wu Xing Wo You Xing", saying, "For some reason, I won't be on Xueqiu for a rather long time. Maybe I'll come back one day." Many netizens expressed their blessings and thanks in the comment section. Fang Sanwen (ID: A Mass of People in the Dark), the founder of Xueqiu, left a message in response, "Maybe after three years and nine months?" (Sina Technology)

The signboards of a Snow Ice City store have been changed back to red from green

Recently, the signboard of a Snow Ice City store in Yanjiao Development Zone, Sanhe City, Hebei Province was changed to green, which sparked a heated discussion. According to media reports, netizens said that the urban management department in Sanhe City, Langfang City, Hebei Province required that the signboards with red backgrounds should be uniformly repainted. Merchants in Sanhe said they wanted to change the color back to the original one but had not received any notice. A staff member of the Sanhe Urban Management Bureau said that according to the city's planning requirements, the background colors of signboards could be anything except red, blue, and black. On April 10, some netizens posted videos showing that a Snow Ice City store whose signboard had been changed had changed it back to red. A clerk at the store confirmed the change but said it was inconvenient to disclose the specific reason. As previously reported by the media, the signboard change had attracted wide attention. Staff members of both the Sanhe Public Service Hotline and the Yanjiao High - tech Zone Urban Management Hotline said they had received many complaints from citizens and had transferred the relevant issues to the relevant departments for verification and investigation. (Jiupai News)

Xiaomi Cars Support Gesture Control via Apple Watch

On April 10th, Xiaomi Cars officially announced that it supports gesture control of vehicles via Apple Watch. Users can set gestures on the watch and bind specific commands (for example: double - clench (which can be associated) to make the vehicle flash its lights. Once the corresponding gesture is made, the vehicle can be controlled). (IT Home)

Leapmotor Announces Free Access to Intelligent Driving Software

36Kr learned that Leapmotor issued an announcement stating that, starting from today, the intelligent driving software for models equipped with intelligent driving assistance functions will be completely free of charge, including the free opening of the Navigation Assisted Pilot (NAP) function on highways. For users who have previously paid to activate the NAP function, the company will refund the relevant fees by May 31, 2025.

Ministry of Commerce: Will Help Foreign Trade Enterprises Expand Domestic Sales Channels

At 15:00 on April 10th, the Ministry of Commerce held a regular press conference. The spokesperson of the Ministry of Commerce said that recently, the Ministry of Commerce has organized discussions among relevant business associations, large supermarkets, and circulation enterprises to study how to better leverage their respective advantages to help foreign trade enterprises expand domestic sales channels. (CCTV News)

Fed Officials: U.S. Economic Growth Expected to Be Significantly Lower Than Forecast This Year

On April 9 local time, St. Louis Fed President Mousalem said in an interview with Reuters that he expects U.S. economic growth to be significantly lower than the expected 2% this year. He pointed out that the current basic outlook for the U.S. economy is not a recession, but economic growth may slow down due to falling confidence, high prices and shrinking household wealth. (CCTV News)

Jack Ma Appears at Alibaba Yungu Campus

On April 10th, some netizens posted a video claiming that Jack Ma appeared at Alibaba Yungu Campus. The video shows that Jack Ma was wearing a white T-shirt with the words "15th Anniversary of Alibaba Cloud" printed on it. Public information shows that Alibaba Cloud (Alibaba Cloud Computing Co., Ltd) was founded in 2009 and is invested in and established by Alibaba Group. Its headquarters is located in Hangzhou, providing cloud services such as self - owned servers, elastic computing, storage, network security, databases, and big data. In 2022, Alibaba Yungu Campus was officially put into use. Alibaba Yungu Campus is located in the central area of the planned land of Yungu Town in Xihu District, Hangzhou. It cost 13.8 billion yuan, with a total construction area of 450,000 square meters, equivalent to 62.9 standard football fields. In addition, some netizens said that they recently ran into Jack Ma on the campus of the University of Tokyo in Japan. (Bianniushi)

All three major U.S. stock indexes closed lower, and large technology stocks tumbled across the board

36Kr learned that at the close on April 10, all three major U.S. stock indexes declined. The Dow Jones Industrial Average fell 2.5%, the Nasdaq Composite dropped 4.31%, and the S&P 500 Index declined 3.46%. Large technology stocks tumbled across the board. Tesla fell more than 7%, while Arm, NVIDIA, and Amazon dropped more than 5%. Apple declined more than 4%, Google fell more than 3%, and Microsoft and Netflix dropped more than 2%. Among popular Chinese concept stocks, the performance was mixed. Pinduoduo fell more than 6%, Weibo dropped more than 4%, iQiyi declined more than 3%, Baidu fell more than 2%, and Tencent Music dropped more than 1%. Li Auto rose more than 5%, XPeng Motors climbed more than 3%, JD.com rose more than 1%, and NetEase and Bilibili posted slight gains.

Prada Acquires Versace

On April 10, Prada announced in the Hong Kong Stock Exchange that the company entered into a share purchase agreement with the seller. The company agreed to acquire, and the seller agreed to sell, all the shares of GIVI Holding S.r.l. (i.e., the Versace holding company) at an enterprise value of US$1.375 billion. After the completion of the acquisition transaction, the Versace holding company will become a subsidiary of the company. (Jiemian News)

The U.S. budget deficit in March was $160.5 billion, compared with a projected deficit of $145 billion.

The U.S. budget deficit in March was $160.5 billion, down from $236.6 billion in the same period last year. Revenue in March rose 10.7% year-on-year to $367.6 billion. Spending in March fell 7.1% year-on-year to $528.2 billion. The deficit for the fiscal year to date is $1.307 trillion, compared with $1.065 trillion in the same period last year. As of March, revenue for the fiscal year to date has increased by 3.3%, while spending has increased by 9.7%. (Sina Finance)

Tesla Vice President Responds to Claims of High Radiation in Electric Vehicles

Tesla Vice President Tao Lin posted on Weibo on April 10th, explaining the so - called claim of “high radiation in electric vehicles”. She said that the magnetic field strength near the heads of drivers and passengers inside the Tesla Model 3 is only 0.08–1.30μT, which is equivalent to 0.8 - 2.6% of the magnetic field strength of an electric blanket when it is close to the body. Therefore, car owners can rest assured completely. (Sina Technology)

White House: The US is capable of producing iPhones domestically. Expert: The price will double

According to a report by the US Cable News Network (CNN), industry insiders and experts in the US said that Trump's new tariff policy will significantly increase the prices of a variety of US goods. The White House said on April 8 that the US is capable of producing iPhones within the country. However, Dan Ives, a senior analyst at Wedbush Securities in the US, said that if Apple were to break away from its original supply - chain system and produce iPhones in the US, the selling price would be more than three times the original price. Matt Priest, the CEO of the Footwear Distributors and Retailers of America, also said that the imported sports shoes that used to sell for $150 are expected to rise to $230 after the new tariff policy takes effect; if they are produced in the US, the selling price could be over $300. (CCTV News)

OpenAI countersues Musk, accusing him of harassment

On April 9 local time, OpenAI, the U.S. OpenAI research center, filed a counter - lawsuit against Elon Musk, accusing him of harassment. It also asked a federal judge to prevent Musk from taking any further illegal and unfair actions against OpenAI, including attacking it through the media and conducting malicious propaganda. Previously, Musk sued OpenAI and its CEO Sam Altman, alleging that OpenAI initially invited him to fund a non - profit AI research institution dedicated to benefiting humanity, but now it focuses on making profits. (CCTV News)

Launch of Amazon's First Batch of Kuiper Satellites Postponed Due to Inclement Weather

Launch service provider United Launch Alliance (ULA) announced in a statement on April 9 local time that due to inclement weather, the launch plan of ULA's Atlas V rocket carrying Amazon's first batch of Kuiper satellites has been cancelled. The new launch date will be announced later. Amazon said last week that it expects to start providing satellite internet services to customers later this year. Amazon's Kuiper project aims to send more than 3,200 satellites into low - Earth orbit. (Jiemian News)

Porsche Races Ahead in the Tariff Window, Ships Inventory to the US in Advance to Maintain Prices

According to the minutes of an investor meeting disclosed by Bernstein Research, Porsche's management revealed in a conference call on Wednesday that the company had shipped additional inventory to the US market in advance to avoid the impact of tariffs, and at the same time, it would keep the prices of March orders unchanged. The minutes show that this luxury car manufacturer expects its operating profit margin to be lower than the annual guidance range of 10 - 12%, and this forecast does not yet take into account the possible 25% import tariff on cars imposed by the US. (Sina Finance)

BMW Group's Deliveries in the Chinese Market Declined 17% Year-on-Year in Q1

On April 10th, the BMW Group released data showing that its global deliveries in the first quarter reached 586,149 vehicles, a year-on-year decrease of 1.4%. By region, the company's deliveries in the Chinese market declined 17% year-on-year, while in Europe and the United States, they increased by 6% and 4% respectively. The BMW Group will continue to promote its electric mobility business in 2025. In the first three months of this year, it delivered a total of 109,516 pure electric vehicles to global customers, a growth rate of 32.4%. The BMW Group plans to deliver 1.5 million pure electric vehicles to customers in 2025. (Jiemian News)

Nintendo Delays the Release of Switch 2 in China

On April 10th, it was reported that Nintendo Switch 2 will be released globally on June 5th. However, according to Nikkei, Nintendo has decided to postpone the release plan of Switch 2 in China. This is similar to the situation of the original Switch in China before. Nintendo Switch entered China in 2019, two years later than its global launch. (Kuaikeji)

Japanese Rice Prices Hit New Highs for 13 Consecutive Weeks, Government Plans to Release More Reserve Rice

Statistics from Japan's Ministry of Agriculture, Forestry and Fisheries show that the average price of a 5-kilogram bag of rice in the Japanese market is 4,206 yen (about 214 yuan), hitting new highs for 13 consecutive weeks. Japanese Prime Minister Ishiba Shigeru on the 9th called for releasing more government reserve rice into the market to stabilize rice prices. On the 9th, Ishiba Shigeru summoned Agriculture, Forestry and Fisheries Minister Eto Taku at the Prime Minister's Office and requested an additional release of government reserve rice to stabilize rice prices. Eto Taku later told media reporters that the Japanese government will auction off the third batch of reserve rice, totaling 100,000 tons, later this month, and plans to release reserve rice into the market every month until July. (Xinhua News Agency)

The Cutting-Edge of AI

Institutions: DeepSeek, Doubao, and WHEE Enter the Top Ten of the Apple App Download List for AI Apps

36Kr learned that on April 8th, data institution DataEye, in collaboration with Diandian Data, released the Apple app download list for AI apps in the Chinese mainland market for March 2025. DeepSeek, Doubao, Quark, WHEE, etc. made the list. Among the Apple app download list for AI apps in the Chinese mainland market, WHEE, Tencent Yuanbao, and Jimeng AI had the top three month - on - month growth rates in downloads in the industry. Among them, WHEE, a product under Meitu, had a month - on - month growth rate of 132.0% in March.

Latest Stanford Report: Alibaba Ranks Third Globally in AI Contribution

36Kr learned that on April 10th, the Stanford Institute for Human-Centered Artificial Intelligence, led by renowned AI scientist Fei-Fei Li, recently released the latest edition of the "2025 AI Index Report." The report points out that the performance gap between top AI large models in China and the United States has significantly narrowed from 17.5% in 2023 to 0.3%, almost closing the gap. The report shows that among the notable large models in 2024, 40 are from the United States and 15 are from China. Among them, Google and OpenAI each have 7 models selected, tying for first place, while Alibaba has 6 models selected, ranking third globally in terms of model contribution. Among the 32 "Important AI Releases in 2024" selected by top industry experts, three releases from Alibaba in China, namely Qwen2, Qwen2.5, and DeepSeek-V3, have made the list.

EU Plans to Simplify AI-Related Regulations

The European Commission released the "AI Continental Action Plan" on the 9th. Some of the measures in the plan will focus on simplifying AI-related regulations. At the same time, it will vigorously build a network of "AI factories" and so on, aiming to comprehensively enhance the EU's competitiveness in the field of artificial intelligence. Hanna Villekunas, the Executive Vice-President of the European Commission in charge of issues such as technological sovereignty, said in a statement that an important measure of the action plan is to reduce the regulatory burden on relevant industries as much as possible and ensure that the "Artificial Intelligence Act" is simple and conducive to innovation. The EU's "Artificial Intelligence Act" officially came into force last August. It is the world's first comprehensive regulation to supervise artificial intelligence. (Xinhua News Agency)

Google to Allow Enterprises to Run Gemini AI Models in Their Own Data Centers

Google's cloud business unit said on Wednesday that customers will be able to run Google's Gemini AI models in their own data centers. Google said in a blog post that it will offer early access to Google Distributed Cloud in the third quarter. The service is targeted at enterprises that want to use Google's cloud technology while retaining control over their data. (Sina Finance)

Financial Reports of Large Companies

Bloomage Biotechnology: Net profit of 174 million yuan in 2024, a year-on-year decrease of 70.59%

36Kr learned that Bloomage Biotechnology released its 2024 annual report. During the reporting period, the company achieved an operating income of 5.371 billion yuan, a year-on-year decrease of 11.61%; the net profit attributable to shareholders of the listed company was 174 million yuan, a year-on-year decrease of 70.59%. The company plans to distribute a cash dividend of 1.1 yuan (tax included) for every 10 shares.

Changan Automobile: Net profit of 7.321 billion yuan in 2024, a year-on-year decrease of 35.37%

36Kr learned that Changan Automobile disclosed its 2024 annual report. During the reporting period, the company achieved an operating income of 159.733 billion yuan, a year-on-year increase of 5.58%; the net profit attributable to shareholders of the listed company was 7.321 billion yuan, a year-on-year decrease of 35.37%; the basic earnings per share was 0.74 yuan. The company plans to distribute a cash dividend of 2.95 yuan (tax included) for every 10 shares to all shareholders and will not use the provident fund to increase the share capital.

Peacebird: Net profit in Q1 2025 was 124 million yuan, a year-on-year decrease of 21.97%

36Kr learned that Peacebird released an announcement stating that it achieved a revenue of 1.668 billion yuan in the first quarter, a year-on-year decrease of 7.63%; the net profit attributable to shareholders of the listed company was 124 million yuan, a year-on-year decrease of 21.97%.

Investment and Financing

“Stardust Intelligence” Completes Hundreds of Millions of Yuan in Series A and Series A+ Rounds of Financing

36Kr learned that recently, “Stardust Intelligence” has successively completed hundreds of millions of yuan in Series A and Series A+ rounds of financing. The lead investors are Jinqiu Fund and Ant Group, and old shareholders such as Yunqi Capital and Daotong Capital have followed suit. Huaxing Capital serves as the exclusive financial advisor. “Stardust Intelligence” is committed to creating an AI robot assistant with human - level operation capabilities through a software - hardware integrated system architecture. It promotes the world model through the coordinated evolution of “ontology + data + model” and drives the large - scale application of general embodied intelligence technology in various industries.

Cool Products

Nissan to Launch Next-Generation ProPILOT Autonomous Driving Technology in Fiscal Year 2027

Nissan announced on April 10 that it will launch the next-generation ProPILOT autonomous driving technology equipped with Nissan's Ground Truth Perception technology, next-generation lidar, and Wayve AI Driver software in fiscal year 2027. (Jiemian News)

Compiled by | Dingding Chow Mein