8 Uhr, 1 Krypton | Huang Zitao hat binnen 15 Minuten fast 200.000 Tampons verkauft; Xiaomi ist das vierte Unternehmen weltweit, das einen Mobiltelefon-Prozessorchip im 3-nm-Herstellungsprozess eigenentwickelt hat; Biden hat erstmals nach der Krebsdiagnose geäußert.
Going Public in Progress
FWD Group
36Kr learned that FWD Group Limited has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are Morgan Stanley and Goldman Sachs.
EHang Holdings Limited
EHang Holdings Limited, an electric vertical takeoff and landing (eVTOL) aircraft manufacturer listed on the NASDAQ, is considering a secondary listing. Chief Financial Officer Conor Yang said in an interview with the media on Monday, "We are actively exploring different options for listing outside the United States." (Cailian Press)
Top 3 Big News
Huang Zitao's sanitary pads sold nearly 200,000 pieces in 15 minutes and were resold at a premium in the second - hand market
On the afternoon of May 18th, a press conference for singer and actor Huang Zitao's sanitary pad brand was held in Dongyang, Zhejiang. At the press conference, the brand's transparent factory was unveiled. During the live - broadcast, it was mentioned that the transparent factory would continue to accept public reservation for visits. The on - site partners introduced that as of now, the total investment in the brand has reached 275 million yuan. The brand's sanitary pads sold 195,000 pieces in 15 minutes after the launch and 450,000 pieces in half an hour.
On May 19th, when checking the brand's sanitary pad store, it showed that the products were sold out. On second - hand e - commerce platforms, multiple sets of sanitary pads of this brand were being resold at a higher price, with the price increase ranging from a few yuan to dozens of yuan. In response, the customer service of the store said that the current promotion had ended, and there was no notice yet on when the sanitary pads would be restocked. Regarding the situation of some netizens reselling the products at a higher price, the customer service staff said they would record and report it. The sanitary pads would be restocked later, and there was no need to buy the overpriced products. (Cover News, Sina News)
Xiaomi independently develops and designs a mobile phone processor chip using 3nm process technology and will become the fourth company globally to release such a chip.
According to China Securities Journal, on May 19th, the concept of Xiaomi's Xuanjie chip soared, and stocks of related companies such as Orient Zhongke and Allwinner Technology rose. Driven by the Xuanjie chip concept, the semiconductor sector strengthened.
Recently, Lei Jun, the chairman of Xiaomi Group, said on Weibo that Xiaomi's self - developed mobile phone SoC chip "Xuanjie O1" will be officially released in late May. On the morning of May 19th, Lei Jun said on Weibo that Xiaomi's Xuanjie O1 uses the second - generation 3nm process technology.
According to Cailian Press, Xiaomi Group's increase expanded to nearly 2%. Xiaomi will become the fourth company globally to release a self - developed and designed mobile phone processor chip using 3nm process technology, following Apple, Qualcomm, and MediaTek. (China Securities Journal, Cailian Press)
Biden Speaks Out for the First Time After Being Diagnosed with Malignant Prostate Cancer
After being diagnosed with malignant prostate cancer, former US President Joe Biden posted on social media for the first time on May 19, saying, "Cancer affects each and every one of us. Like many of you, Jill and I know well that trauma makes us stronger. Thank you all for encouraging us with your love and support."
On May 18 local time, according to a statement released by former US President Joe Biden's office, Biden was diagnosed with malignant prostate cancer, and the cancer cells have spread to the bones. The statement pointed out that Biden developed a new prostate nodule last week due to worsening urinary symptoms, and doctors diagnosed him with prostate cancer on the 16th after further evaluation. The statement said that although this is a more aggressive form of cancer, it appears to be hormone - sensitive, so it can be effectively treated. Biden and his family are discussing treatment options with his doctors. (Jiemian News)
Big Companies/Big Events
Fudan University Responds to Anonymous Donation of 100 Million Yuan by an Alumnus
On the afternoon of May 18th, Fudan University's WeChat official account posted an article stating that an anonymous alumnus donated 100 million yuan to the Fudan University Xie Xide - Yu Wujin Philosophy Development Fund (Phase II), which attracted wide attention. On May 19th, when interviewed by a reporter from Upstream News, a relevant staff member from Fudan University's News and Publicity Office said that the reason for not disclosing information about the anonymous alumnus was to fully respect the donor's wishes. The reporter from Upstream News found through investigation that previously, some other universities such as Zhejiang University, the University of Science and Technology of China, and Nankai University also received huge - amount anonymous donations from their alumni.
On May 18th, Fudan University's WeChat official account posted an article stating that on the afternoon of May 18th, the donation signing ceremony for the Fudan University Xie Xide - Yu Wujin Philosophy Development Fund (Phase II) was held. A dedicated Fudan alumnus donated 100 million yuan to the fund to support the development of the philosophy discipline without seeking fame. The donor said that the establishment of this fund was to express respect for President Xie Xide and Professor Yu Wujin, to show reverence for the humanistic spirit and the cause of philosophy, and also to place high hopes on the development of Fudan's philosophy discipline. (Upstream News)
Passenger Caught Smuggling 2,003 Diamonds Hidden in Sanitary Pads
On May 19th, according to a customs announcement: Recently, Luohu Customs seized 616.43 carats of diamonds, a total of 2,003 pieces, hidden in sanitary pads worn by a passenger at the inbound passenger inspection channel. The value of the case exceeded 270,000 RMB. (The Paper)
Many places have long stopped promoting the "stand on the right, walk on the left" rule on escalators.
On May 18th, according to the official Weibo account of "Beijing Release", the Beijing Subway has recently quietly improved its pedestrian guidance system by adding a pair of yellow footprints, one on the left and one on the right, to escalators to remind passengers to "stand firm and hold the handrail", clearly no longer advocating the "stand on the right, walk on the left" rule.
IT Home has noticed that many places in China have long cancelled the promotion of the "stand on the right, walk on the left" rule on escalators. The currently popular explanation is that this rule causes excessive load on some parts of the escalator, shortening the lifespan of the equipment and leading to frequent malfunctions. However, most people in places like Beijing and Shanghai still retain the habit of "standing on the right and walking on the left" when taking escalators.
Referring to a report by Xinhua News Agency in 2018, the Guangzhou Metro Group issued a statement at that time, stating that it would no longer advocate the "stand on the right, walk on the left" rule for pedestrians on escalators. Data provided by the group showed that during the daily maintenance and inventory of escalators, maintenance personnel found that the right - hand side step chains of about 95% of escalators were significantly more worn than the left - hand side. Such wear can cause the escalator to tilt slightly, intensify the wear of the side baffles and comb plates, and ultimately affect the lifespan of the escalator. (IT Home)
The gold price in the mall has dropped to 756 yuan
Affected by the recent decline in the international gold price, the gold price in the mall has dropped from 792 yuan per gram last weekend to the current 756 yuan per gram, a decline of more than 4%. Affected by the decline in the gold price, the sales volume of some bracelet - type jewelry has even increased. In addition to consumers who buy gold, there is also a group of consumers who, seeing the downward trend of the gold price, choose to recycle and cash in the gold jewelry they hold. (CCTV Finance)
China Construction Bank Cuts Deposit Rates, 1-Year Fixed Deposit Rate Drops Below 1%
36Kr learned that China Construction Bank lowered the RMB deposit rates on May 20. The current deposit rate was cut by 5 basis points to 0.05%. For time deposits with lump-sum deposit and withdrawal, the rates for the three - month, six - month, one - year, and two - year terms were all cut by 15 basis points, reaching 0.65%, 0.85%, 0.95%, and 1.05% respectively. The rates for the three - year and five - year terms were both cut by 25 basis points, reaching 1.25% and 1.3% respectively. The rates for three terms of installment savings, lump - sum withdrawal, and interest - bearing deposits all dropped by 15 basis points. The interest rate of the 7 - day call deposit was cut by 15 basis points to 0.3%.
The three major U.S. stock indexes closed slightly higher, while popular Chinese concept stocks weakened collectively
36Kr learned that at the close on May 19, the three major U.S. stock indexes rose slightly. The Dow Jones Industrial Average rose 0.32%, the Nasdaq Composite rose 0.02%, and the S&P 500 Index rose 0.09%. Most large-cap U.S. technology stocks rose. Tesla fell more than 2%, Apple fell more than 1%, Microsoft rose more than 1%, and NVIDIA, Amazon, Google, Meta, and Netflix rose slightly. Popular Chinese concept stocks weakened collectively. Bilibili fell nearly 5%, XPeng Motors fell more than 3%, iQiyi and Zhihu fell more than 2%, Li Auto and NIO fell more than 1%, Alibaba and Baidu fell slightly, while Pinduoduo and JD.com rose slightly.
Nissan to Consider Closing Several Factories in Japan and Abroad to Cut Costs
People familiar with the matter revealed on May 17 that Nissan Motor Co., Ltd. is considering closing two vehicle assembly plants in Japan and some overseas plants in countries such as Mexico as part of its cost - cutting plan. The sources said that Nissan is considering shutting down its Oppama and Shonan plants in Japan, which would leave Nissan with only three vehicle assembly plants in the country. Regarding overseas plants, a source said that Nissan is considering halting production at its factories in South Africa, India, and Argentina, and reducing the number of its plants in Mexico. (Sina Finance)
Multiple companies under the Three Goats Group have recently changed senior executives
36Kr learned that according to the AiQicha App, recently, industrial and commercial changes have occurred in Hefei Luyang Sports Culture Media Co., Ltd. and Hefei Jutongyi Technology Co., Ltd. He Rui and Zhang Lei have stepped down as legal representatives of the above two companies, and both have been succeeded by Li Ying. The registered capital of both companies is 1 million RMB. At the same time, He Rui has stepped down as the executive director, general manager, and financial officer of Hefei Luyang Sports Culture Media Co., Ltd., and has been succeeded by Li Ying; Zhang Lei has stepped down as the general manager, director, and financial officer of Hefei Jutongyi Technology Co., Ltd., and has been succeeded by Li Ying. It is worth mentioning that previously, industrial and commercial changes occurred in Hefei Three Goats Agricultural Assistance Operation and Management Co., Ltd. Zhang Lei stepped down as the legal representative, executive director, and financial officer, and was succeeded by Li Ying.
This year, the output value of China's spatio - temporal service industry will exceed one trillion yuan
On May 18th, the China Satellite Navigation and Positioning Association released the "2025 White Paper on the Development of China's Satellite Navigation and Positioning Services Industry". The white paper shows that in 2024, the total output value of China's satellite navigation and positioning services industry centered around Beidou reached 575.8 billion yuan, a year - on - year increase of 7.39%. At the press conference, Yu Xiancheng, the president of the China Satellite Navigation and Positioning Association, said, "With the continuous advancement of the marketization, industrialization, and internationalization of the large - scale application of Beidou, the industry has shown a steady recovery trend." Yu Xiancheng said that the development of China's satellite navigation cause has gone through three periods: the cultivation and start - up of the navigation industry, the independent innovation of the Beidou industry, and the exploration and development of the spatio - temporal industry. (China Securities Journal)
Jiaogefriends Reaches Strategic Cooperation with Baidu Youxuan: Luo Yonghao to Make His Debut Live Stream on the Evening of May 23rd
On May 19th, Jiaogefriends announced the official launch of a strategic cooperation with Baidu Youxuan. Luo Yonghao, the Chief Brand Supervisor of Jiaogefriends, will conduct his first live stream on the Baidu platform at 8 p.m. on May 23rd. This marks Jiaogefriends' entry into another e - commerce platform after Douyin and Taobao. (Jiemian News)
MiHoYo Establishes a New Technology Company in Shanghai with a Registered Capital of 80 Million Yuan
36Kr learned that according to the Aiqicha App, recently, Shanghai MiHoYo Primordial Sea Technology Co., Ltd. was established. The legal representative is Yu Chenxi, and the registered capital is 80 million yuan. Its business scope includes anime game development, digital cultural and creative software development, artificial intelligence application software development, etc. Shareholder information shows that the company is wholly owned by Shanghai MiHoYo Network Technology Co., Ltd.
Construction of the Spider - Man Theme Park at Shanghai Disneyland Begins Today
The development and construction of the Spider - Man theme park, the latest major expansion project at Shanghai Disneyland, is progressing, and the groundbreaking ceremony was held on May 19. (The Paper)
Union says Volkswagen considering selling or finding a partner for Italian design firm
Union representatives revealed on Monday that Volkswagen is considering a plan to sell its wholly-owned design and engineering subsidiary, Italdesign, or find a partner for it. This move is part of the German automaker's efforts to restructure its European operations. (Sina Finance)
National Development and Reform Commission: Domestic gasoline and diesel prices are reduced by 230 yuan and 220 yuan per ton respectively
36Kr learned that according to the National Development and Reform Commission, starting from 24:00 on May 19, 2025, the domestic prices of gasoline and diesel (standard products) will be reduced by 230 yuan and 220 yuan per ton respectively.
Spanish Government Orders Airbnb to Block Over 65,000 Illegal Vacation Rental Listings
On May 19th, the Spanish government stated that it has ordered Airbnb to block over 65,000 illegal vacation rental listings on its platform due to the company's violation of existing relevant regulations. Previously, Spanish government departments had issued three resolutions to Airbnb, ordering it to withdraw a total of 65,935 tourism housing advertisements. (Jiemian News)
The decline of the US dollar intensifies, and the British pound rises to its highest level since May 7th
Affected by Moody's cancellation of the US government's top credit rating, the US dollar came under pressure again after the London market opened, with the trade - weighted exchange rate falling by 0.6%. GBP/USD rose 0.6% to 1.3366; EUR/USD rose 0.7% to 1.1240, also supported by European Central Bank President Lagarde's remarks over the weekend. USD/JPY fell 0.7% to 114.70, the lowest level since May 8th. (Sina Finance)
Citi Responds to "Layoff" Rumors: When Deciding Not to Renew Fixed-Term Contracts, It Will Follow Laws, Regulations, and Procedures
Recently, there were reports that Citigroup is downsizing, mainly referring to not renewing the contracts of IT employees at Citigroup Financial Information Services (China) Co., Ltd. when their contracts expire. In response, Citigroup said on the 19th, "As part of the regular business operations of Citigroup Financial Information Services (China) Co., Ltd., we continuously evaluate the company's human resources strategy. When deciding not to renew fixed-term contracts, we will follow applicable laws, regulations, and procedures. We will make every effort to provide support to the affected individuals." Citigroup Financial Information Services (China) Co., Ltd. provides relevant IT services (software technology development, testing, and maintenance) and operational services for Citigroup. (Shanghai Securities News)
Hangzhou Artificial Intelligence Industry Innovation Center Co., Ltd. Established with a Registered Capital of 100 Million Yuan
36Kr learned that according to the Aiqicha App, recently, Hangzhou Artificial Intelligence Industry Innovation Center Co., Ltd. was established. The legal representative is Xue Guodong, and the registered capital is 100 million RMB. Its business scope includes big data services, Internet data services, data processing and storage support services, information system integration services, etc. Shareholder information shows that the company is jointly held by Hangzhou Data Group Co., Ltd. and China Unicom Data Intelligence Co., Ltd.
The Cutting - Edge of AI
Jensen Huang Says Personal AI Computers Are in Full Production and Plans to Open-Source Physics Engine Newton
On May 19th, Jensen Huang, the CEO of NVIDIA, stated, "Our personal AI computer, DGX Spark, is in full production and will be ready within a few weeks." He also collaborated with global computer manufacturers to launch the "AI-first" DGX personal computing system. DGX Spark is equipped with NVIDIA's GB10 superchip and tensor cores. Additionally, the DGX Station workstation was introduced, and it is expected that ASUS, Dell, and HP will launch the DGX Station workstations later this year.
NVIDIA has collaborated with DeepMind and Disney Research to develop the physics engine Newton, which is planned to be open-sourced in July. NVIDIA is applying its AI models to autonomous vehicles and, together with Mercedes, will launch a fleet globally using NVIDIA's end-to-end autonomous driving technology, which can be realized this year. (Caixin Press)
Jiuwu Intelligent Driving Establishes a New Robotics Technology Company in Beijing, Involving Multiple AI Businesses
36Kr learned that according to the AiQicha App, recently, Beijing Jiuwu Zhihang Robotics Technology Co., Ltd. was established. The legal representative is Gao Henan, and the registered capital is 20 million yuan. The business scope includes retail of automobile parts, retail of motorcycles and their parts, software development for artificial intelligence applications, integration of satellite remote sensing application systems, software development for artificial intelligence basics, etc. Shareholder information shows that the company is wholly owned by Beijing Jiuwu Intelligent Driving Information Technology Co., Ltd.
QQ Browser Announces AI Upgrade: Launches QBot and Upgrades to an AI-Powered Browser
36Kr learned that on May 19th, QQ Browser was upgraded to an AI-powered browser and newly launched QBot, which is equipped with Tencent Hunyuan and DeepSeek dual models. The upgraded QQ Browser will serve as a super assistant, offering various AI functions during browsing to help users obtain and process information more efficiently and meet their needs in work, study, etc.
Financial Reports of Large Companies
Ctrip's Q1 Financial Report: Net Revenue Reaches 13.8 Billion Yuan, Inbound Travel Orders Soar 100% Year-on-Year
36Kr learned that on May 20th, Ctrip Group released its unaudited financial results for the first quarter of 2025. In the first quarter, Ctrip Group's net operating revenue reached 13.8 billion yuan. The revenues of the four major businesses, namely accommodation bookings, transportation tickets, travel packages, and business travel management, were 5.5 billion, 5.4 billion, 947 million, and 573 million yuan respectively in the first quarter. Thanks to Ctrip's continuous strategic layout and investment in the overseas market, by optimizing platform services and expanding business scope, it has attracted a large number of global users and further enhanced the competitiveness of Chinese tourism enterprises on a global scale. In the first quarter, the overall travel bookings on Ctrip's international OTA platform increased by more than 60% year-on-year. The inbound travel orders on Ctrip increased by approximately 100% year-on-year, and the outbound travel business in the first quarter exceeded the level of the same period in 2019 by 120%.
Alibaba Pictures Releases FY2025 Results: Revenue Up 33% Year-on-Year, Adjusted EBITA Profitable for 5 Consecutive Years
36Kr learned that on May 19, Alibaba Pictures released its FY2025 results. Benefiting from the booming offline entertainment industry and the diversified layout of its business structure, as of March 31, 2025, Alibaba Pictures achieved revenue of RMB 6.702 billion, a year-on-year increase of 33%. Its adjusted EBITA has been profitable for 5 consecutive years, with a profit of RMB 809 million, a year-on-year increase of 61%. Alibaba Pictures continues to invest in the development of high-quality original content, consolidate the advantages of its one-stop ticketing platform, explore AI innovation, and deeply engage in the IP derivative business. In a complex and volatile market environment, with its diversified business layout and synergy, it has developed the resilience to navigate through economic cycles.
Cool Products
The starting price of Huawei's first HarmonyOS folding laptop is 23,999 yuan
On May 19th, Huawei officially launched two HarmonyOS laptops: the first HarmonyOS folding laptop, Huawei MateBook Fold Ultimate, and the Huawei MateBook Pro, both of which are equipped with the HarmonyOS 5 system. The starting price of the Huawei MateBook Fold Ultimate is 23,999 yuan, and the starting price of the Huawei MateBook Pro is 7,999 yuan. (Jiemian News)
NVIDIA Unveils NVIDIA RTX PRO Servers
On May 19th, at the opening day of COMPUTEX 2025 in Taipei, NVIDIA announced the launch of NVIDIA RTX PRO servers and NVIDIA's enterprise AI factory validated designs, aiming to accelerate the transformation of the multi - trillion - dollar enterprise IT data center infrastructure into AI factories. The NVIDIA RTX PRO servers support up to eight RTX PRO 6000 Blackwell GPUs and integrate the NVIDIA BlueField - 3 Data Processing Unit (DPU) and the NVIDIA ConnectX® - 8 SuperNIC with a built - in PCIe Gen 6 switch, which can serve as the core power of AI factories. (Jiemian News)
Mobile lighting company Olight Technology releases three new products and officially expands into the Chinese market
36Kr learned that on May 18th, Olight held its first new product launch event in China in Shenzhen, unveiling three representative products. They are the "Xiaofangxia Ultra", a multi - functional flashlight that pioneers the use of "Olight Aluminum" material and integrates three light sources; the Thor 3 Mini, which features a quick - disassembly and quick - assembly structure and supports free switching between head - mounted and hand - held modes; and the Sphere C, a mood light that has won the iF Design Award and supports intelligent control of 16 million colors. It is understood that Olight currently holds over 1,200 patents and has a global influence spanning more than 100 countries and regions in North America, Europe, and the Asia - Pacific.
NVIDIA to Launch Next-Generation GB300 AI System in Q3
Jensen Huang, CEO of NVIDIA, announced at the Computex Taipei on May 19 that the next-generation GB300 AI system will be launched in the third quarter. Zheng Hongmeng, Chairman of Foxconn Industrial Internet under Hon Hai Precision Industry, said on the morning of the 19th that Hon Hai will build more computing centers globally with NVIDIA's GB200 and GB300 AI chip platforms at the core. (Jiemian News)
Vidda Launches C3 Series Three-Color Laser Projectors
36Kr learned that Vidda recently launched new products in the C3 series of three-color laser projectors, including the C3s, C3 Ultra, and C3 Pro. The entire series is equipped with the MCL39 laser, MT9681 chip, and optical zoom lens, supports Dolby Vision, and has passed the JD Brightness Certification. Among them, the C3 Ultra and C3 Pro even achieve 1.67x optical zoom.
Investment and Financing
"Inwivision Technology" Secures Tens of Millions of Yuan in Angel Round Exclusive Investment from Zhongke Chuangxing
36Kr learned that recently, "Inwivision Technology" announced the completion of a tens-of-millions-yuan angel round financing, exclusively invested by Zhongke Chuangxing. The financing funds will be mainly used to accelerate the industrialization of the "wafer-level heterogeneous integration technology" and overcome the bottleneck problems in the fields of artificial intelligence and data centers, such as low integration, large volume, high power consumption, and high cost of traditional optical modules.
Hangzhou Yihui Technology Co., Ltd. Completes Tens of Millions of Pre-A Round Financing
36Kr learned that Hangzhou Yihui Technology Co., Ltd. announced the completion of a Pre-A round of financing, led by Jilu Assets, with several industrial capitals such as Zhongtian Capital and Shengyin International participating in the follow-on investment. It is understood that the initial investment is 46 million yuan, and additional investments will be made according to the growth of market data. All parties signed a strategic investment agreement at Hangzhou Xitou.
RegTECH Secures Mega Deal Worth Over $10 Million in the Middle East and Signs Financing Agreement for Over $10 Million
36Kr learned that Global Digital RegTECH Cloud Co., Ltd. (hereinafter referred to as "RegTECH"), a digital technology company going global spun off from Hong Kong-listed Baiwang Co., Ltd., recently reached a series of agreements in Abu Dhabi, the United Arab Emirates. It is understood that RegTECH has won digital government governance technology orders worth over $15 million. Its signed customers are widely distributed, covering regions such as the Middle East, North and Sub - Saharan Africa, Central Asia, and Southeast Asia, and its business has expanded to more than 20 countries. RegTECH also successfully signed a financing agreement for over $10 million from international investment funds and domestic government funds in its angel round.
Co - creation across the entire network
[Millionaire's Choice Best 100] Good Product Collection
Don't want to be ripped off when shopping anymore?
This time, young people have created a shopping cart mutual assistance form by themselves. Currently, more than 8,000 users have participated in the co - creation. We invite you to join us:
- Nomination Durable and practical "long - standing good items"
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- Unveiling the Hidden "Budget Alternatives" with Maximum Cost - Effectiveness
- Complaints about those "beautiful but useless things" whose packaging is more expensive than the product itself
- Exposure of those "marketing giants" who spend more effort on promotion than R & D
Scan the QR code below,
Use collective wisdom to draw our "Good Products Map"~
Good Products Map
Compiled | Yang Leduo