8 Uhr, 1 Krypton | Es ist bekannt geworden, dass Zhang Yong, der ehemalige CEO von Nezha Auto, sich in Großbritannien befindet; Japan könnte ein "extrem starker Erdbeben" erleiden, das 300.000 Todesopfer fordern würde; Trumps Zollpolitik hat sich wieder geändert.
Going Public in Progress
Jiangsu Zhenglin New Energy Battery Technology Co., Ltd.
36Kr learned that on April 14, Jiangsu Zhenglin New Energy Battery Technology Co., Ltd. was successfully listed on the Main Board of the Hong Kong Stock Exchange, officially kicking off a new era of global development. A total of 121,523,700 shares were offered globally this time, with an issue price of HK$8.27 per share. The funds raised will be mainly used for capacity expansion, construction of intelligent manufacturing facilities, and R & D of core technologies, injecting strong impetus into the company's future development.
Meet Fresh Noodles
36Kr learned that according to the Hong Kong Stock Exchange, Meet Fresh Noodles has submitted an IPO application to the Hong Kong Stock Exchange.
Card Hobby Limited
36Kr learned that according to the Hong Kong Stock Exchange, Card Hobby Limited has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are Morgan Stanley, CICC, and J.P. Morgan.
Top 3 Big News
Zhang Yong of Nezha Auto Responds to Reports of Being in the UK: Traveling Everywhere for Company's Financing
36Kr learned that recently, there were rumors that Zhang Yong, the former CEO of Nezha Auto, had obtained a UK visa before leaving the company and was currently in the UK. In response, Zhang Yong replied on his WeChat Moments, "Thank you all for your concern. After seeing some online rumors, I'd like to clarify that I still serve as an advisor to Nezha Auto and am traveling everywhere for the company's financing."
Moreover, according to a report by Cover News, when reporters asked the internal management of Nezha Auto whether it was true that Zhang Yong was in the UK and whether the company was operating normally, the other party said, "We really don't know about this. The company is operating normally, but its operations are in a tight spot."
A "mega earthquake" may occur in Japan, and estimated data shows that up to nearly 300,000 people may die
On March 31 local time, the Japanese government released the latest estimated loss data regarding the "Nankai Trough mega earthquake". The data shows that if the "Nankai Trough mega earthquake" occurs, the maximum economic loss could exceed 292 trillion yen, a significant increase compared to the previous estimate (about 220 trillion yen) in 2013. In addition, the estimated data released this time shows that if the "Nankai Trough mega earthquake" occurs, it may cause up to 298,000 deaths.
It is known from research that huge earthquakes with the epicenter along the Pacific coast west of Japan's Tokai region have occurred repeatedly so far, and the last one was in the mid - 1940s. The Japan Meteorological Agency and earthquake - related experts believe that there is a risk of a mega earthquake occurring in the Nankai Trough from Shizuoka Prefecture to the seas off southern Kyushu in the future, and they are continuously monitoring and evaluating relevant data. (Southern Metropolis Daily)
Trump's Tariff Policy Has Changed Again: The U.S. Government Has Not Announced Any Tariff Exemptions
The relevant online platform of the U.S. government released information on the evening of the 11th, exempting some electronic products from the so - called "reciprocal tariffs". However, U.S. President Trump posted on social media on the 13th, saying that the U.S. government has not announced any tariff "exemptions", and the relevant products have just been transferred to another tariff category.
U.S. Commerce Secretary Luttig said that the tariff exemptions for some electronic products are only "temporary". U.S. media described that the latest remarks of Trump and Luttig have made the Trump administration's tariff policy even more chaotic. A senior executive of a securities company blasted that the continuous news from the White House has caused large - scale chaos, making the entire industry and investors dizzy and bringing great uncertainty to companies trying to plan their supply chains, inventories and demands. (CCTV.com)
Big Companies/Big Events
Macao Permanent Residents to Receive MOP 10,000, and Infants to Receive an Annual Allowance of MOP 18,000
On April 14, the Chief Executive of the Macao Special Administrative Region, Cen Haohui, delivered the Policy Address for the 2025 Fiscal Year at the Legislative Council. Cen Haohui announced the continuation of the current cash - sharing measure. Permanent residents of the Macao Special Administrative Region will receive MOP 10,000 each, while non - permanent residents will receive MOP 6,000 each. Moreover, the Macao Special Administrative Region Government will launch a "Child - rearing Allowance" program, providing a monthly allowance of MOP 1,500 to infants under three years old among Macao permanent residents, totaling an annual allowance of MOP 18,000. (Caixin)
Apple CEO Tim Cook Says: Apple's Firm Stance in China Isn't Due to Low Costs
Apple CEO Tim Cook explained in an interview why Apple remains firmly committed to manufacturing in China. "It's not because it's cheap; it's because no one can replace it. Many people think Apple comes to China for low-cost labor. That statement is long outdated," Cook said. "China is no longer a 'low-cost factory.' What truly attracts Apple is'skill density.' Apple's products have extremely high requirements for precision manufacturing, especially in mold technology. It's not the low-end work of screwing; it's about micron-level precision below millimeters. This kind of work doesn't rely on a university diploma but on a large number of skilled technical workers trained through vocational education. In the United States, it might be difficult to gather enough people for a meeting of mold engineers. In China, one province can fill several football fields. It's not about the large population; it's that this 'in-depth skill' exists in a systematic, large-scale, and industrialized way in China. So the key issue isn't cheap labor but whether there are enough, sufficiently professional, and highly collaborative industrial workers. That's why Apple hasn't moved iPhone production back to the United States to this day." (Phoenix Tech)
Intel to Sell 51% Stake in Altera Business to Silver Lake
Intel Corporation announced on April 14 that it has reached a definitive agreement to sell a 51% stake in its Altera business to Silver Lake. The transaction values Altera at $8.75 billion, and Intel will retain the remaining 49% stake in Altera. (Jiemian News)
Japanese Prime Minister Issues Strongest Warning to the United States and Seeks Common Ground on a Range of Issues
Japanese Prime Minister Ishiba Shigeru said on April 14 that the US government's tariff policy could disrupt the global economic order. Reuters reported that this was the strongest warning Ishiba has issued so far about the potential damage the US government's policies could cause to the world economy. The report also said that while issuing the warning, Ishiba also stated that Japan would seek common ground with the United States on how the two countries could cooperate on issues such as trade and national security. "When negotiating with the United States, we need to understand the logic and emotional factors behind the other side's views," Ishiba said in the Japanese parliament.
Ishiba's remarks were made before the start of the Japan-US bilateral trade negotiations on Thursday. The topics of the negotiations are expected to range from tariffs, non-tariff barriers to exchange rates. (Global Times)
Gold Prices Soar, Recyclers Say They Dare Not Hold Gold Overnight
On April 11th, reporters visited the Shenzhen Shuibei gold and jewelry distribution center. Some Shuibei merchants told reporters that due to the rapid increase in gold prices, the passenger flow in the Shuibei market has decreased significantly, directly leading to a slower turnover of gold material wholesale. They are considering controlling inventory. "The gold repurchase price generally refers to the real - time gold price of the Shanghai Gold Exchange. The normal recycling quotation range is to reduce the price independently on the basis of the real - time gold price. Consumers should fully understand the market conditions and recycling policies before making a decision." A gold recycler said, "Although the gold price is getting higher and higher, in the face of the volatile market, the gold recycled on the same day will be shipped out on the same day. We dare not hold the gold overnight. In fact, we are also very conflicted. Such a strong performance of the gold price is really rare." (Sina News)
Apple Produced $22 Billion Worth of iPhones in India
Over the 12 months ending in March, Apple assembled iPhones worth $22 billion in India, with production increasing by nearly 60% compared to the previous year. People familiar with the matter said that the company headquartered in Cupertino, California, currently produces 20% (one-fifth) of its iPhones in the South Asian country. (Cailian Press)
US Commerce Secretary: "Tariff Exemption" for Electronic Products Is Temporary, Tariffs on Semiconductor Industry Are Coming Soon
On the evening of April 11th, the US Customs and Border Protection, which is responsible for collecting tariffs, announced that a series of products would be excluded from the previously announced "reciprocal tariffs". The product categories include communication devices (smartphones), computers, semiconductor equipment, integrated circuit devices, etc. However, on April 13th, US Commerce Secretary Howard Lutnick quickly came out to clarify that the Trump administration's move to exempt smartphones, computers, and other electronic products from comprehensive "reciprocal" tariffs was only a temporary measure, and these devices would be covered by the upcoming industry - based tariffs. "This is not a permanent exemption. (Trump) is just clarifying that these are not issues that countries can resolve through negotiations. These are all things related to national security, and we need to manufacture them in the United States," he said in a program. (Caixin Press)
White House Releases Trump's Annual Medical Examination Report: 6 Feet 3 Inches Tall, Weighs 224 Pounds
On the 11th local time, 78-year-old Trump completed his first routine medical examination of his second presidential term. White House doctor Sean Barbabella wrote in the medical examination report that the results of Trump's heart, lungs, eyes, hearing, and abdominal examinations were all normal. His neurological and general physical functions were very robust. His blood pressure was slightly high. The dermatological examination showed "some mild sunburn and some benign lesions." His "cognitive ability is excellent, and his physical condition is good, making him fully fit to perform the duties of the President and Commander-in-Chief."
The report shows that Trump is 6 feet 3 inches tall (about 1.90 meters) and weighs 224 pounds (about 101.6 kilograms). Compared with the 2020 medical examination report, he has lost 20 pounds. According to the Body Mass Index (BMI), he falls into the "overweight" range. Currently, he is taking aspirin to prevent heart disease. (The Paper)
The recycling price of second - hand iPhones has increased by 500 yuan, while the official website price remains unchanged
On April 14th, a reporter visited the mobile phone and digital market. A merchant said that the recycling price of second - hand iPhones changes daily, and currently it has increased by 400 - 500 yuan. The original recycling price of the iPhone 16 Pro Max 256G was 7,300 yuan, and now it can reach up to 7,800 yuan. Affected by tariffs, people are holding onto their phones and waiting to see, and are reluctant to sell them.
Currently, the prices of iPhones are relatively stable in self - operated systems and large - scale dealers. Apple's self - operated channels such as the Apple Store and the Tmall official flagship store, as well as Apple - authorized dealers like JD.com, Coodoo, and Sunion, have not raised their prices. (China Blue News, Xiaoxiang Morning News)
Multiple popular chips in Huaqiangbei Market are "put under inventory control", and distributors say some customers are turning to domestic products
Reporters visited the Huaqiangbei Market in Shenzhen and learned that currently, the price quotations for popular chips such as CPUs and graphics cards at many stalls have been suspended, and many stalls have closed for business. "Everyone is waiting and seeing now, and the inventory is under control. People are worried that the prices will skyrocket or plummet," said a stall owner when talking about the impact after the US tariff adjustment. In addition, reporters learned from several domestic chip manufacturers that there have been more customer inquiries after the tariff changes. "Regarding products originating from the US, some downstream customers have started to communicate with us about the feasibility of (domestic) substitution," said an executive of a listed distribution enterprise. (Cailian Press)
Harvard University Rejects Request from Trump Administration After Threat to Cut $9 Billion in Funding
Harvard University said it would not accept the request put forward by the Trump administration and vowed not to "negotiate on its independence or constitutional rights." Two weeks ago, the U.S. government threatened to suspend $9 billion in funding to the university. The school's lawyers wrote in a letter to federal agencies such as the U.S. Department of Education on Monday: "Neither Harvard nor any other private university will allow itself to be taken over by the federal government." The Trump administration previously stated that it would revoke the funding if Harvard did not make changes such as reforming its governance structure and terminating diversity, equity, and inclusion (DEI) programs. (Sina Finance)
Nvidia Responds to Trump's Call for Manufacturing Return, Plans to Produce $500 billion Worth of AI Devices in the US
Nvidia plans to produce AI infrastructure worth up to $500 billion in the United States over the next four years through partnerships with other companies. Nvidia said in a statement on Monday that production of its latest - generation AI chip, "Blackwell," has begun at TSMC's new factory in Phoenix. Nvidia is also collaborating with Foxconn and Wistron to build a supercomputer factory in Texas and is working with Amkor Technology Inc. and Siliconware Precision Industries on packaging and testing operations in Arizona. CEO Jensen Huang said in the statement, "Increasing our manufacturing capabilities in the United States helps us better meet the astonishing and growing demand for AI chips and supercomputers, strengthen the supply chain, and enhance resilience." (Sina Finance)
China's total box office has exceeded 25 billion yuan, ranking first in the world
As of 17:38 on April 12, the box office (including pre - sales) of Chinese movies in 2025 has exceeded 25 billion yuan, ranking first in the world. Among them, "Ne Zha: Rebirth of the Demon Child" has entered the top five of the global box office in film history. (CCTV News)
The RMB Becomes the World's Third-Largest Currency for Trade Financing
In recent years, China has continuously improved the institutional arrangements and infrastructure for cross - border RMB use and promoted the opening of the financial market in both directions. It has created a better policy environment for domestic and foreign entities to hold and use the RMB, and all indicators of the international use of the RMB have steadily increased. Currently, the RMB has become the world's third - largest currency for trade financing. In 2024, foreign financial institutions and enterprises issued nearly 200 billion yuan worth of panda bonds in China, a year - on - year increase of 32%, and the issuance of offshore RMB bonds increased by 150% year - on - year. The head of the finance department and securitization at Deutsche Bank Group said that they continue to be optimistic about the Chinese market, especially the development prospects of the capital market. They plan to maintain a regular issuance rhythm and simultaneously explore the markets for panda bonds and dim - sum bonds (RMB - denominated bonds issued in Hong Kong). (CCTV Finance)
Sony Officially Announces Price Hike for PS5 in Multiple Global Regions
On April 14th, Sony Interactive Entertainment (SIE) announced that it will increase the recommended retail price of the PS5 in some markets such as Europe, Australia, and New Zealand. Meanwhile, the price of the PS5 with a disc drive in these regions will be reduced. The recommended retail price of the PS5 Pro will remain unchanged. The updated prices will take effect starting from April 14th.
Specifically, in the UK and Europe, the price of the digital version of the PS5 has been increased. In the UK, it has risen by £40, and the current price is £429.99. In Europe, it has increased by €50, and the current price is €499.99. In Australia and New Zealand, the prices of both the digital version and the standard version (with a disc drive) of the PS5 have been adjusted. In Australia, the current price of the digital version of the PS5 is AU$749.95, and the standard version is AU$829.95. In New Zealand, the current price of the digital version of the PS5 is NZ$859.95, and the standard version is NZ$949.95. (Jiemian News)
Clorox Australia Fined $5.2 Million by Australian Regulator for False Advertising
The Australian Competition and Consumer Commission (ACCC) announced on April 14 that the Federal Court of Australia ordered Clorox Australia, a U.S. household products manufacturer, to pay a total fine of A$8.25 million (US$5.2 million) for making false or misleading statements to consumers by claiming that certain garbage bags were partially made from recycled "ocean plastic." (Jiemian News)
Japanese Rice Prices Have Risen for 14 Consecutive Weeks, with 5 Kilograms Costing About 200 Yuan
Data released by the Ministry of Agriculture, Forestry and Fisheries of Japan on April 14 showed that during the week from March 31 to April 6 this year, the average price of 5-kilogram bags of rice sold in supermarkets across Japan was 4,214 yen (equivalent to about 200 yuan), setting a record high since statistics began and rising for 14 consecutive weeks. (CCTV News)
Rongchang Roast Goose Brother Establishes a Food Technology Company
It is reported that recently, the global top - tier internet celebrity, Hyperthyroidism Brother's trip to China has attracted attention. Uncle Lin Jiang from Rongchang chased after Hyperthyroidism Brother in five cities including Chengdu, Chongqing, Shenzhen, Hong Kong, and Changsha to offer delicious food. Among them, the Rongchang roast goose, which was offered multiple times, has gained great popularity and become a hit food.
Reporters checked Tianyancha and found that recently, Chongqing Rongchang Jiangge Food Technology Co., Ltd. was established. The legal representative is Lin Jiang (Roast Goose Brother), with a registered capital of 1 million RMB. Its business scope includes food production, food sales, catering services, poultry slaughter, etc., and it is jointly held by Lin Jiang, Lin Xingyu, etc. It is worth noting that recently, there has been an industrial and commercial change in Rongchang District Jiang Dexing E - commerce Business Department (an individual business) under Lin Jiang's name, with the addition of cultural and entertainment agent services, commercial performances, etc. to its business scope. (Xiaoxiang Morning Post)
American sellers want to find American factories to produce but no one replies to emails
Kenny, from California in the United States, is an e - commerce seller on Amazon. She imports baby products from China and sells them online. However, the "tariff war" launched by the Trump administration has brought her a huge additional cost. "If we don't raise the prices for customers and bear the costs ourselves, it will be an astronomical figure," Kenny said. She also said that she had thought about moving the production line to the United States. But when she tried to contact local manufacturers, they didn't even reply to her calls or emails. (CCTV News)
The forefront of AI
Lazada Launches AI Assistant for Sellers, Lazzie Seller
36Kr learned that Lazada, the Southeast Asian e-commerce platform, announced the official launch of a new AI assistant, Lazzie Seller. It can quickly respond to various questions of merchants in e-commerce operations based on natural language, including function navigation, store risk assessment, and providing professional advice, which can significantly improve the operational efficiency of online merchants in Southeast Asia. According to the report "Bridging the AI Divide: Perception and Application Trends of Southeast Asian Online Merchants" released by the international authoritative research institution Kantar Consulting, the situation of "paying attention to AI but not knowing how to use it" among Southeast Asian merchants is quite common. Among the merchants using Lazada's AI tools, 67% of them believe that AI has significantly stimulated business growth.
Financial Reports of Large Companies
Jinhui Liquor: Net profit attributable to the parent company in the first quarter was 234 million yuan, a year-on-year increase of 5.77%
36Kr learned that Jinhui Liquor released its first-quarter performance report. The report shows that in the first quarter of 2025, it achieved an operating income of 1.108 billion yuan, a year-on-year increase of 3.04%; the net profit attributable to shareholders of the listed company was 234 million yuan, a year-on-year increase of 5.77%; the basic earnings per share was 0.47 yuan.
Jinjiang Shipping: Expected net profit in the first quarter is approximately 350 million - 365 million yuan, a year-on-year increase of 182% - 194%
36Kr learned that Jinjiang Shipping released its performance forecast for the first quarter. The report shows that it is expected that the net profit attributable to shareholders of the listed company in the first quarter of 2025 will be approximately 350 million to 365 million yuan, a year-on-year increase of 181.66% to 193.73%. In the first quarter of 2025, the global container cargo volume increased compared with the same period of the previous year. Affected by supply and demand, the average value of the China Containerized Freight Index (CCFI) in the first quarter of 2025 increased year-on-year, and the average value of the freight index for Southeast Asian routes increased by 51.07% year-on-year. The company focused on expanding the layout of Southeast Asian routes and continued to build high - quality routes such as the Silk Road Express. Both the volume and price in this region increased year-on-year.
Ordos: Net profit attributable to the parent company in 2024 decreased by 36.39% year - on - year, plans to distribute 6 yuan per 10 shares
36Kr learned that Ordos released its 2024 annual report. The report shows that in 2024, the operating income reached 28.403 billion yuan, a year - on - year decrease of 7.04%; the net profit attributable to shareholders of the listed company was 1.847 billion yuan, compared with 2.904 billion yuan in the same period of the previous year, a year - on - year decrease of 36.39%; the basic earnings per share was 0.66 yuan. The company plans to distribute a cash dividend of 6 yuan (tax included) for every 10 shares to all shareholders.
CATL: Q1 Operating Revenue Reached 84.705 Billion RMB, a Year-on-Year Increase of 6.18%
36Kr learned that CATL released its Q1 performance report. The report shows that the operating revenue in Q1 reached 84.705 billion RMB, a year-on-year increase of 6.18%; the net profit attributable to shareholders of the listed company was 13.96 billion RMB, a year-on-year increase of 32.85%.
Cool Products
People familiar with the matter: Apple plans to launch a lighter and cheaper Vision Pro
Recently, technology journalist Mark Gurman revealed that Apple is planning to launch a lighter and cheaper Vision Pro, as well as a new zero - latency tethered version for enterprise applications. In addition, Apple is also developing non - AR glasses similar to Ray - Ban Meta because Tim Cook prioritizes real AR glasses. Currently, the starting price of the 256GB Apple Vision Pro in China is 29,999 yuan. The device weighs between 600 grams and 650 grams, which may vary depending on the configuration of the light shield and headband, and its separate battery weighs 353 grams. Many offline experience users said that the weight of the headset affects the comfort of the experience. (Shanghai Securities News)
Compiled | Guo Zihe
This article is from the WeChat official account “36Kr”. It is published by 36Kr with authorization.