8 Uhr, 1 Krypton | Sieben Personen werden streng zur Rechenschaft gezogen wegen des unangenehmen Geruchs im Trinkwasser in Yuhang; Die Marktaufsichtsbehörde antwortet auf die Tatsache, dass eine Dose Cola im Shanghai Peace Hotel für 50 Yuan verkauft wird; WeiLong Konjak-Snacks werden erneut im Sam's Club-App angeboten.

Going Public in Progress

Juzhi Technology

36Kr learned that according to the documents of the Hong Kong Stock Exchange, on July 23, Juzhi Technology Development Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, and Huifu Finance Co., Ltd. is the sole sponsor.

Luxshare Precision Industry Co., Ltd.

36Kr learned that Luxshare Precision Industry Co., Ltd. announced that in order to deepen the company's global strategic layout, enhance its overseas financing capabilities, and further improve the transparency and standardization of the company's governance, the company intends to issue overseas-listed foreign shares (H shares) and apply for listing on the Main Board of The Stock Exchange of Hong Kong Limited.

Top 3 Big News

Official Report on the Investigation of Odor in Yuhang Tap Water, Seven People Seriously Accountable

On July 16, abnormal water supply occurred in some communities in Yuhang District. After the incident, the Hangzhou Municipal Party Committee and the Municipal Government attached great importance to it and established a joint investigation team composed of the Municipal Comprehensive Administrative Law Enforcement Bureau, the Municipal Ecological Environment Bureau, the Municipal Health Commission, and national and provincial experts to conduct an investigation. The Provincial Department of Construction and the Provincial Department of Ecological Environment participated in the guidance. The investigation and disposal situation is hereby reported as follows:

I. Investigation on the Cause of Water Quality Abnormality

The joint investigation team comprehensively investigated the occurrence and handling process of the problem based on various water quality test results, environmental monitoring data, and hydrological and water conservancy data. After investigation, the thioether substances detected in the water sample are a kind of organic sulfide, which can produce odors such as garlic smell, swamp smell, and putrid smell at a relatively low concentration in water. Since early July, due to the continuous high - temperature and sunny weather, some water bodies upstream and around the water intake of Renhe Water Plant in the Dongtiaoxi River have witnessed a rapid proliferation of algae. With the confluence of the previous rainfall, some algae and their degradation products (containing thioether odor substances) gathered near the water intake of Renhe Water Plant and entered the water intake in the early morning of July 16. Comprehensive analysis shows that the abnormal odor in the water supply this time was caused by the superposition of multiple factors such as climate, environment, and hydrodynamic conditions. Regarding the problems of "yellowing" and "turbidity" in tap water that the public is concerned about. According to the investigation and analysis, the current water supply pipes are mainly iron pipes. After the incident, Yuhang Water Production Co., Ltd. and the water supply and drainage company under Yuhang Water Service Holding Group successively took measures such as water source switching, water supply scheduling, and pipe flushing, which caused changes in the direction and sudden changes in the speed of the water flow, scouring the pipe wall and causing the rust layer to fall off, resulting in "yellow water" or "turbid water", and some of it entered the water supply tanks or users. Generally, the water will return to normal after being drained for a period of time. At present, Yuhang District has organized the cleaning of the branch pipes and secondary water supply tanks in 49 villages (communities) in 2 affected sub - districts. If users still find the water quality turbid, they can contact their villages (communities), and the villages (communities) will promptly arrange professional personnel to handle it on - site.

II. Emergency Response Situation

At about 8:00 on July 16, the staff of Renhe Water Plant under Yuhang Water Production Co., Ltd. detected an odor during a patrol. At 8:30, Renhe Water Plant tested the incoming and outgoing water. At 9:00, the test results of Renhe Water Plant showed that the "odor" index of the raw water was abnormal (Level 3). Yuhang Water Production Co., Ltd. immediately reported to the dispatching center of Yuhang Water Service Holding Group to request a water source switch and obtained approval. At 9:20, Renhe Water Plant completed the water source switch. At 10:00, the test results of Renhe Water Plant showed that the "odor" index of the outgoing water was abnormal (Level 3). Yuhang Water Production Co., Ltd. requested the testing company to conduct a specific component investigation of the "odor" index. At about 11:00, the water supply and drainage company under Yuhang Water Service Holding Group conducted an on - site assessment and determined that the main pipeline network needed to be flushed. After obtaining approval from the dispatching center of Yuhang Water Service Holding Group, the flushing of the main pipeline network was initiated. At 13:30, the water quality indicators of the outgoing water from Renhe Water Plant showed that it had returned to normal. At 16:22, the person in charge in charge of Yuhang Water Service Holding Group reported the abnormal water quality of Renhe Water Plant to the person in charge of Yuhang District Government and Yuhang District Housing and Urban - Rural Development Bureau. At about 16:30, the water quality of the main pipeline network returned to normal, and the water supply and drainage company began to gradually flush the branch pipes, secondary water supply pump rooms, and water tanks in the communities. At 17:00, the testing company confirmed that thioether substances were detected in the water sample sent by Renhe Water Plant in the morning. At 20:00, the person in charge in charge of Yuhang District Government held a meeting to study the disposal measures. At 21:44, Yuhang Water Service Holding Group issued the first situation report. At about 15:00 on July 17, the water supply branch pipes and the water tanks in the affected villages (communities) were emptied and refilled, and the water supply basically returned to normal. At 16:20 on July 17, Yuhang Water Service Holding Group issued the second situation report. At 15:22 on July 19, Yuhang District Government issued a situation report.

III. Water Quality Testing Situation

After investigation, the test results of the outgoing water sampled at 8:30 on July 16 from Renhe Water Plant showed that except for the abnormal "odor" index, neither total coliforms nor Escherichia coli were detected. After the water source was switched, at 13:30, the water quality indicators of the outgoing water showed that it had returned to normal. Renhe Water Plant increased the testing frequency of the "odor" index to once every 2 hours, and the results were all qualified. On July 17, the Yuhang District Center for Disease Control and Prevention conducted tests on the outgoing water samples from Renhe Water Plant after the water source switch, and all 38 routine indicators were qualified. Since the water supply basically returned to normal on July 17, the Yuhang District Center for Disease Control and Prevention has conducted random inspections of the terminal water (water from users' faucets) in 49 villages (communities) in 2 affected sub - districts, and all the indicators were qualified. On July 17, the Hangzhou Center for Disease Control and Prevention collected the outgoing water from Renhe Water Plant after the water source switch and conducted a full - scale water quality analysis and thioether substance detection. The results showed that no thioether substances were detected, and all the indicators in the full - scale analysis met the requirements of the national "Standards for Drinking Water Quality" (GB5749 - 2022). Among them: total coliforms were not detected, Escherichia coli were not detected, the total number of colonies was 1CFU/mL (the standard value is ≤100CFU/mL), the turbidity was <0.5NTU (the standard value is ≤1NTU), there was no strange odor, and the free chlorine was 0.56mg/L (the standard value for outgoing water is 0.3 - 2mg/L). After the incident, the competent department of the water supply industry has comprehensively inspected all 33 urban water supply plants in the city, and the quality of the outgoing water from all plants meets the requirements of the national "Standards for Drinking Water Quality". In the future, management efforts will be further strengthened, the water quality testing frequency will be increased, the testing of reference indicators such as thioether substances in the "Standards for Drinking Water Quality" will be strengthened, and comprehensive treatment measures will be taken to ensure the safety of the water supply quality.

IV. Problems in Emergency Response and Accountability

After investigation, the following problems were found in the disposal of the abnormal water supply in some communities in Yuhang District: (1) After the test results showed that the "odor" index of the outgoing water from Yuhang Water Production Co., Ltd. was at Level 3, it failed to implement the emergency response requirements of the special emergency plan and did not remind Yuhang Water Service Holding Group to inform users in the areas affected by the odorous outgoing water of water - using precautions. (2) When Yuhang Water Service Holding Group learned from its subsidiary Yuhang Water Production Co., Ltd. that the "odor" index was at Level 3, it failed to implement the emergency response requirements of the special emergency plan and did not report to the district government and relevant district - level departments in a timely manner. When approving the water supply and drainage company to flush the main pipeline network, it did not fully consider the situation that water source switching and pipeline flushing are likely to cause "yellowing" and "turbidity" in the terminal water, and did not inform users in the water - supply areas of water - using precautions in a timely manner. The reporting time of Yuhang Water Service Holding Group to Yuhang District Government and Yuhang District Housing and Urban - Rural Development Bureau was seriously delayed. (3) After receiving the report of abnormal water quality from Yuhang Water Service Holding Group, Yuhang District Housing and Urban - Rural Development Bureau failed to re - check the relevant situation of the abnormal water quality, analyze the severity of the problem, and carry out corresponding disposal work in a timely manner. (4) After receiving the report of abnormal water quality from Yuhang Water Service Holding Group, Yuhang District Government was slow in coordinating and making decisions and did not report to the municipal government as required. The abnormal water supply in some communities in Yuhang District fully exposed the problems and shortcomings in local public drinking water safety, prevention and response to emergencies, especially the insufficient monitoring and early warning of water quality changes, incomplete emergency plans for emergencies, imperfect mechanisms, slow emergency response, and delayed information release. Some involved departments were slow to notice the situation, slow to act, and ineffective in supervision. A small number of Party members and cadres had insufficient risk awareness, poor work styles, and weak sense of purpose. The lessons are very profound. According to the deployment of the municipal Party committee, the municipal discipline inspection commission and the municipal supervision commission established an investigation team to conduct an in - depth investigation into the problems of ineffective performance of duties, dereliction of duties, and negligence of responsibilities of relevant units and personnel. Based on the investigation results, 7 leading cadres were seriously held accountable in accordance with regulations, disciplines, and laws: The Standing Committee Member of the Yuhang District Party Committee and the Deputy District Mayor in charge of housing, urban - rural construction, and water services was given a warning within the Party; the Party Secretary and the Director of Yuhang District Housing and Urban - Rural Development Bureau were given a warning and admonition; the leading cadre (Second - class Researcher) in charge of water services in Yuhang District Housing and Urban - Rural Development Bureau was given a warning within the Party; the Party Secretary and the Chairman of Yuhang Water Service Holding Group were given a serious warning within the Party; the Party Committee Member of Yuhang Water Service Holding Group, the General Manager of Yuhang Environmental Protection Technology Company was removed from his Party position and dismissed from his administrative post; the Party Committee Member, Director, and Deputy General Manager of Yuhang Water Service Holding Group in charge of customer service were given a warning and admonition; the Chairman and the Party Branch Secretary of Yuhang Water Production Co., Ltd. were given a warning within the Party.

V. Service and Guarantee for Public Demands

To better respond to public concerns, on the basis of previous work such as door - to - door visits, water tank cleaning, terminal water sampling and testing, and residents' health services, the special service teams of sub - districts, villages (communities) will strengthen communication. According to the registered demands of residents, they will continue to provide on - site follow - up services; continue to actively conduct safety water - supply quality tests and firmly ensure the safety of water supply; and promptly provide health monitoring and medical services. In response to the situation where the water purifier filters of users were affected by the abnormal water supply, the water purifier filters will be replaced for free. Considering the actual situation of draining the water stored in the water pipes of tap - water users in 49 villages (communities) in 2 affected sub - districts recently, it is clear that the water fees for July will be fully waived. From the 16th to the 17th, the relevant products produced by food enterprises in the 2 sub - districts have been sealed up, and further classification and treatment will be carried out based on the test results. We will continue to pay attention to the demands of residents and actively and steadily promote follow - up service work. The Hangzhou Municipal Party Committee, the Municipal Government, the Yuhang District Party Committee, and the District Government sincerely apologize for the impact and inconvenience caused to the daily lives and production of the general public. The municipal and district - level governments will face up to the problems, learn from the pain, draw inferences from one instance, conduct a comprehensive investigation, improve the ability to prevent and handle emergencies, improve the full - process control mechanism from "source to tap", firmly hold the safety bottom - line of urban water - supply facilities, and effectively safeguard the safety of the public's drinking water. We sincerely thank the supervision of all sectors of society and the media. Hangzhou Joint Investigation Team July 23, 2025

Waiters at Shanghai Peace Hotel pour a can of Coke into a glass and sell it for 50 yuan on the spot

On July 20th, a netizen posted a video saying that they ordered a glass of Coke at Shanghai Peace Hotel, and the waiter poured a can of Coke into the glass on the spot, with a selling price of 50 yuan. After the video was posted, it sparked heated discussions among netizens. Some netizens questioned, "What's the difference between this and a 3 - yuan can outside?"

On the morning of July 23rd, a reporter contacted a staff member at the service center of Shanghai Peace Hotel. She said that the canned Coke sold at the hotel costs 50 yuan per can. There is no difference between this Coke and the 330 - ml Coca - Cola sold outside. Sprite is also sold at 50 yuan per can, and a 750 - ml Evian mineral water is sold at 90 yuan per bottle. Customers can bring their own drinks, but they need to pay a corkage fee. In addition, a service charge is added to all items sold at the hotel.

In the afternoon of the 23rd, a staff member from the Bund Market Supervision and Administration Office of the Huangpu District Market Supervision Administration in Shanghai told the reporter that the 50 - yuan price of Coke at the Peace Hotel belongs to the market - regulated price. There is no limit to the pricing of goods, and merchants can set their own prices as long as consumers are willing to pay. When the reporter mentioned the service charge at the hotel to the staff member, the staff member said that it is acceptable to charge a service fee as long as consumers are clearly informed. (Jimu News)

Sam's App Re-lists Weilong Konjac Snacks, Weilong: Special Products for Sam's

Some time ago, Sam's Club removed a batch of signature products with high repurchase rates, such as sun cakes, mango sago with pomelo, low - sugar egg yolk pastries, and rice puddings. Instead, it listed "affordable" products from brands like Weilong, Orion, Panpan, and Liuliumei, which was criticized by consumers, who questioned the decline in product selection quality. Subsequently, Sam's removed products such as Orion's low - sugar cake and Weilong's high - fiber bolete konjac snacks from the shelves.

On July 22, reporters found that Sam's App had re - listed Weilong's high - fiber bolete konjac snacks. A staff member from the Nanjing Yuhuating Store of Sam's Club said that the product was also available in offline stores and could be purchased normally. However, this product was not available in the official flagship stores of Weilong Food on platforms such as Taobao and JD. The customer service said, "This is a special product for Sam's." (Modern Express)

Large Companies/ Major Events

12306 Responds to the Poor Hygiene of High - speed Rail Business Class: We're Truly Sorry

On July 21st, a netizen posted a video saying that they took Train G7350 from Cangnan Station to Wuxi Station at 5:30 p.m. that day. In order to have a better riding experience, they specifically chose the business class. Unexpectedly, there was a large amount of dust on the business - class seats and inside the small tables on the armrests of this train. The netizen said, "I've never seen such a dirty high - speed rail before."

In response, on July 22nd, a customer service staff member from 12306 replied, "We're truly sorry about this. We'll promptly report it to the relevant departments for subsequent improvement." The staff member said that under normal circumstances, the business - class seat cushions are replaced once every 30 days, but did not mention the cleaning frequency of components such as the small tables. If passengers encounter poor seat hygiene during their high - speed rail journey, they can promptly report it to the flight attendants, who will handle it immediately. "If there are stains on them, we'll clean them up promptly." (Qilu Evening News)

Mixue Responds to Customer Being Sarcasmed by Clerk When Picking Up 30 Ice Creams: Apology Made

On July 22nd, in Changzhou, Jiangsu Province, a netizen posted a message revealing that they were "stabbed in the back" by a clerk when picking up 30 ice creams at a Mixue store. The consumer said that when they brought their own lunch box to pick up the ice creams, several clerks kept shifting the responsibility and didn't want to scoop the ice creams. Then they were sarcasmed by the clerk face - to - face. Even when the consumer wanted to take a photo to show off the ice creams, they were scolded by the clerk and not allowed to take pictures. Finally, the employee even threatened and said, "I've never seen anyone packing ice creams like this. Don't come to our store again." The consumer said that they felt more and more upset after getting home, so they posted this incident online.

The reporter contacted the involved store. The staff said that what the consumer said was a bit exaggerated. When the employees saw that the customer was picking up 30 ice creams, they were a bit surprised and talked about it a little. There was no behavior of abusing the customer or not allowing them to enter the store again. The consumer's behavior of bringing their own lunch box to pack the ice creams did not violate the store's relevant regulations. Currently, an apology has been made to the consumer, and in the future, the training of employees will be strengthened. On the 22nd, the netizen said in the comment section that Mixue's official customer service had learned about this incident and was conducting an investigation. (Yangcheng Evening News)

Tencent Customer Service Responds to WeChat's Real-time Intercom Function: It Has Been Taken Offline, and There is No Plan to Re-launch It for Now

Recently, WeChat launched a gray-scale test for a new practical function. Some users noticed a new convenient feature in the chat interface that automatically converts voice to text and sends it. On July 23, a reporter from Jiupai News inquired with Tencent Customer Service about this function. The customer service representative said that the real-time intercom function of WeChat has been taken offline, and it is temporarily unavailable to apply for the internal test. They also stated that there is currently no plan to re-launch it. (Jiupai News)

The property involved in the "Chongqing siblings' fall to death case" is up for auction, and the court has issued a special reminder. Currently, no one has signed up.

On July 23, a property on Tenglong Avenue, Nan'an District, Chongqing was put up for auction on the Ali Auction platform for judicial sales, attracting the attention of netizens. The announcement specifically reminds that in the house being auctioned, Zhang and Ye Mouchen once pushed two young children downstairs in this house, resulting in the death of the two young children. Potential bidders must consult and view the property in advance. Confirm before signing up to participate in the auction. Participating in the auction means you fully understand this situation. According to the information published on the Ali Auction platform for judicial sales, the house is located at Room 15 - 4, Building 4, No. 50, Tenglong Avenue, Nan'an District, Chongqing, with an area of 82.43 square meters and owes 4,170 yuan in property management fees.

According to an announcement issued by the People's Court of Yubei District, Chongqing on July 22, this is the second auction of the house. The appraised value is 1.0798 million yuan, and the starting bid price is 604,688 yuan. The Ali Auction platform for judicial sales shows that the auction of this property will start at 10:00 on August 7, 2025. As of the 23rd, the number of registrants is 0, and 640 people have watched. (Jimu News)

Suining Discipline Inspection Commission Responds to "Civil Servant Moonlighting as Food Delivery Rider": The Situation Is Known

Mr. Sun, a civil servant in a unit in Chuanshan District, Suining, Sichuan, has been delivering food during his spare time after work in recent days, which has sparked a lot of discussions among netizens. According to previous reports, after being transferred from a firefighter, Mr. Sun works in a unit in Chuanshan District, Suining. After his unit issued a relevant notice allowing civil servants to engage in side - jobs, he submitted an application to the unit to "engage in a side - job". After getting approval from the unit, he started moonlighting as a food delivery rider after work.

Regarding the matter of this civil servant delivering food, on July 23, a staff member of the Suining Discipline Inspection Commission responded to a reporter from Jimu News, saying, "We have learned about this matter. It is recommended to refer to the official announcement for the subsequent situation."

According to previous public information, whether employees of government agencies and public institutions can engage in "side - jobs" needs to be comprehensively judged based on specific laws and regulations, unit regulations, and the nature of the side - job. Under certain conditions, side - jobs that can be engaged in include physical labor, such as driving for Didi, delivering food, and renting out properties. These side - jobs should be done during spare time without affecting work, and employees need to submit a written report to the unit in advance and get approval. (Jimu News, Cover News)

Netizen Posts About Leg Burned by Romoss Power Bank, Skin Grafting Surgery to Cost Tens of Thousands of Yuan

On the evening of July 22nd, a netizen posted that a friend's Romoss power bank carried with him suddenly caught fire spontaneously. The pocket of the pants was burned through, resulting in third - degree burns on the thigh. Skin grafting surgery is required, and the cost will reach tens of thousands of yuan.

On July 23rd, the netizen said that the power bank that caught fire was purchased from the official Romoss flagship store last October. It was a 20,000mAh dual - line fast - charging model. "It is one of the previously recalled models by Romoss, but not within the recall batch." The highest temperature on the day of the incident was 34 degrees Celsius, and the netizen also said that "the power bank did not bulge and seemed normal before the spontaneous combustion." The netizen said that after the incident, the customer service of the official Romoss flagship store asked him to provide relevant photos, but no specific handling response has been received so far. As of the 23rd, reporters had contacted Romoss customer service multiple times, but the phone calls were not answered.

Relevant staff from the Shenzhen Market Supervision and Administration Bureau responded that they had paid attention to this matter and would urge the involved enterprise to quickly find out the cause of the spontaneous combustion. If there are any illegal or irregular behaviors, they will be dealt with seriously in accordance with the law. (China Newsweek)

Natural Mill, a Chinese brand, responds to counterfeiting accusations: We are the Chinese "Muji" and have nothing to do with the Japanese Muji.

Recently, some netizens posted that they thought Natural Mill was the Japanese Muji (MUJI) at first glance. It was only after a closer look at the shopping bag that they noticed it was printed with "Natural Mill" instead of "MUJI". Netizens left comments saying it was really confusing as there were traces of the Japanese Muji in both the visual logo and product packaging.

On July 23, reporters contacted Natural Mill. The staff said that the store mainly sells daily necessities such as bedding and towels. The trademark was registered before the Japanese Muji, so it is a Chinese - native brand and has no connection with the Japanese brand.

The staff of the Japanese Muji said that Natural Mill did register the trademark earlier. They can only ask consumers to recognize the logo of the Japanese Muji. All of its online and offline stores start with the English letters "MUJI". The staff also said that although the product packaging and visual displays are similar, they currently have no way to intervene. (China Net Finance)

India Resumes Issuing Tourist Visas to Chinese Citizens

According to an official post on the Weibo account of the Indian Embassy in China, starting from July 24, 2025, Chinese citizens can apply for tourist visas to visit India. This is the first time in five years that India has resumed issuing tourist visas to Chinese citizens since the suspension in 2020.

Previously, India had also imposed restrictions on business visas for Chinese citizens traveling to India, and these restrictions have been relaxed to a certain extent recently. (Yicai Global)

The public security organs will work with relevant departments to further strengthen the standardized management of "intelligent driving"

Wang Qiang, the director of the Traffic Management Bureau of the Ministry of Public Security, said at a press conference themed "High - quality Completion of the 14th Five - Year Plan" series held by the State Council Information Office on July 23 that currently, the "intelligent driving" systems installed in cars sold in the market have not achieved the goal of "autonomous driving", and the driver is the ultimate responsible entity. If a driver takes their hands off the steering wheel and eyes off the road during the vehicle's operation, it not only poses a serious risk to road traffic safety but may also lead to three types of legal risks: civil compensation, administrative penalties, and criminal prosecution. In response, the public security organs will work with relevant departments to further strengthen standardized management. (Xinhua News Agency)

The official announcement of the customs closure time of the Hainan Free Trade Port: The customs closure of the Hainan Free Trade Port will be launched on December 18th.

Wang Changlin, the deputy director of the National Development and Reform Commission, said at a press conference held by the State Council Information Office on July 23rd that with the approval of the CPC Central Committee, the customs closure of the Hainan Free Trade Port is scheduled to be officially launched on December 18th, 2025.

Wang Changlin said that on December 18th, 1978, the Third Plenary Session of the 11th CPC Central Committee embarked on the great journey of reform, opening - up and socialist modernization. Launching the customs - closure operation on December 18th has important symbolic significance and also demonstrates to the world China's determination and confidence in unswervingly expanding high - level opening - up. There are still a few months left. We will seize the time to do a good job in the subsequent preparatory work, and help business entities fully understand the customs - closure policies and conduct relevant business tests. (CCTV News)

All three major U.S. stock indexes closed higher, and most popular Chinese concept stocks rose

36Kr learned that at the close on July 23, all three major U.S. stock indexes rose. The Dow Jones Industrial Average rose 1.14%, the Nasdaq Composite rose 0.61%, and the S&P 500 Index rose 0.78%. Large technology stocks showed mixed performance. NVIDIA rose more than 2%, Meta and Intel rose more than 1%, while Amazon, Tesla, and Microsoft posted slight gains. Netflix fell more than 1%, and Google and Apple posted slight declines. Most popular Chinese concept stocks rose. iQiyi and Weibo rose more than 4%, Pinduoduo rose nearly 3%, Alibaba and Bilibili rose more than 1%, and Baidu and JD.com posted slight gains. NIO and Li Auto fell more than 1%, and XPeng Motors posted a slight decline.

AWS Shanghai AI Research Institute Dissolved, Amazon Responds: A Difficult Decision

It is reported that the Shanghai AI Research Institute of Amazon Web Services (AWS) has been dissolved. According to reports, Wang Minjie, the chief applied scientist at AWS Shanghai AI Research Institute, posted on his WeChat Moments, "I've just received notice that the AWS Shanghai AI Research Institute has been dissolved due to strategic adjustments between China and the United States." In response, an Amazon spokesperson said, "After a thorough evaluation of the company's organization, development priorities, and future strategic directions, we have decided to streamline some teams at Amazon Web Services. Making these decisions is extremely difficult for us, and we will fully support our employees through this transition. We are making these necessary decisions to continue investing and optimizing resources to bring more innovation to our customers." (21st Century Business Herald)

Volvo to "Overhaul" Dealer Management Process and Introduce "Fixed Price"

Against the backdrop of widespread losses and network withdrawals among traditional dealers, automakers are initiating large - scale reforms to the traditional rebate mechanisms, inventory - pushing practices, and price systems. It is understood that in the second half of this year, Volvo Cars plans to reform the pre - sales and after - sales management processes of dealers. The focus of dealer assessment will shift from management and sales volume to the pre - sales and after - sales service quality provided by dealers to consumers. This move aims to shift the dealers' focus to serving consumers rather than focusing on the automaker's rebates and satisfaction assessments. Meanwhile, in terms of the price system, Volvo Cars will also introduce a "fixed price" model. The so - called "fixed price" means that the naked car selling prices of all dealers across the country are the same. (Yicai Global)

Pop Mart Sues Convenience Store 7-Eleven in the US for Selling Fake LABUBU

On July 23, Jiemian News learned that Pop Mart is suing convenience store chain brand 7-Eleven in the United States, accusing it of selling counterfeit versions of LABUBU dolls. Pop Mart confirmed this to Jiemian News.

Jiemian News previously reported that an American girl posted a short video on a social platform saying that she bought fake "LAFUFU" at a 7-Eleven convenience store in the United States. In the video, rows of counterfeit LABUBU dolls were placed on the shelves, and each was sold for $25 - almost the same as the original price of the genuine product, but both the packaging and the dolls themselves were shoddy. (Jiemian News)

Steve Jobs' Daughter Gets Married, Wedding Expected to Cost Over $48 Million

It is reported that Steve Jobs' 27-year-old daughter is about to get married. She plans to tie the knot with 26-year-old Olympic gold medalist equestrian Harry Charles in Oxfordshire, UK.

Eve Jobs, 27, is the daughter of the late Apple co-founder Steve Jobs. Her fiancé is 26-year-old Olympic gold medalist equestrian Harry Charles. The two plan to get married in Oxfordshire, UK.

Reports say the wedding will start this Thursday. Guests will arrive one after another within a week. It is expected to cost $6.7 million (about 48.137 million yuan at the current exchange rate) and will be organized by California event planner Stanley Gatti. (ITHome)

It has been basically confirmed that Ishiba Shigeru will resign before the end of August

On July 23 local time, a reporter from China Media Group learned that Japanese Prime Minister Ishiba Shigeru said that he would officially announce his intention to resign before the end of August. Ishiba Shigeru told those around him that the Liberal Democratic Party will compile a report on the results of the House of Councillors election in August, and he plans to announce his resignation before the end of August, and this intention has been basically confirmed. Ishiba Shigeru will meet with Taro Aso, the top advisor of the Liberal Democratic Party, former Prime Minister Yoshihide Suga, and former Prime Minister Fumio Kishida on the 23rd, and it is expected that they will discuss his future. (CCTV News) 

Coca - Cola is really changing its formula. It will launch a sucrose - based cola in the US this autumn

On July 22, Coca - Cola announced that as part of its continuous innovation strategy, the company plans to launch a product made with sucrose in the US this autumn. Regarding whether the formula change involves the Chinese market, Coca - Cola China recently responded to the media, saying "only in the US." The customer service of the Coca - Cola flagship store also said, "We haven't received specific notice yet."

Coca - Cola usually uses corn syrup in the US, while it uses sucrose in markets such as Mexico and Europe. Some food scientists said that there are subtle differences in flavor between these two sweeteners: the peak sweetness of high - fructose corn syrup comes earlier, which helps enhance the flavor of fruits and spices, while the sweetness of sucrose is broader and lasts longer. (Jiemian News)

Trump Announces Trade Deal with the Philippines, Says 19% Tariff on Philippine Goods

US President Trump posted on social media on the 22nd, announcing a trade deal with Philippine President Marcos, who was on a visit. Trump said that the Philippines will open its market to the US and implement zero - tariff policy, while the US will impose a 19% tariff on Philippine imports.

Trump held bilateral talks with Marcos at the White House that morning. As of July 23rd, the White House has not released more details about the US - Philippines trade deal.

Trump wrote to Marcos on the 9th, saying that starting from August 1st, the tariff on Philippine products exported to the US will be raised from 17% (announced in early April) to 20%. (Xinhua News Agency)

Trump Says the US and Japan Have Reached a Trade Agreement

On July 22 local time, US President Trump announced through social media that the United States and Japan had reached a trade agreement: a 15% tariff rate on Japanese goods and a $550 billion investment from Japan in the United States. Trump posted on his social platform "Truth Social" that the United States had just reached a "huge" agreement with Japan, possibly the largest one ever. He said that, as per his instructions, Japan would invest $550 billion in the United States, and the United States would get 90% of the profits. This agreement will create hundreds of thousands of jobs. Trump also said that, perhaps most importantly, Japan will open its market for trade, including automobiles, trucks, rice, and some other agricultural products and commodities. Japan will pay a reciprocal tariff of 15% to the United States. (CCTV News)

Tesla Diner Earns $47,000 in 6 Hours, May Open in Shanghai Next Year

On July 21st, Tesla's first global Supercharger diner (Tesla Diner) officially opened in Los Angeles. Hundreds of consumers queued up 13 hours in advance. It is reported that the combined revenue from dining and charging reached $47,000 within 6 hours, which is 30% higher than the daily turnover of a nearby McDonald's. Elon Musk announced that if the Los Angeles store operates successfully, this model will be replicated on global highway networks and in core cities. A 3,000-square-meter plot of land has been reserved near the Shanghai Pudong Gigafactory, and it is expected to open around the Spring Festival in 2026, with prices possibly set at 70% of those in the United States. (Cover News)

The Cutting - Edge of AI

ZhiYuan has launched a quadruped robot on its official website

On July 23rd, it was learned from the official website of ZhiYuan Robotics that the ZhiYuan quadruped robot D1 ULTRA has been launched. According to the information disclosed on the official website, the D1 ULTRA is positioned as an "industry - level small quadruped robot" with a maximum running speed of 3.7 meters per second. Its application scenarios include special applications, security inspections, scientific research and education, etc. (Yicai Global)

Ubtech Launches Full-Size Industrial Humanoid Robot Walker S2 for Intelligent Manufacturing Scenarios

36Kr learned that Ubtech has newly launched the full-size industrial humanoid robot Walker S2 for intelligent manufacturing scenarios. Through the iterative group brain network 2.0 (BrainNet 2.0) and equipped with the self-developed intelligent agent technology Co-Agent specifically for the industrial humanoid robot body, it constructs an AI dual-cycle for industrial-grade humanoid robots, achieving the spiral evolution of single-machine autonomy and group collaboration of humanoid robots. With a height of 1.76 meters, Walker S2, thanks to its breakthrough hardware body design, perfectly reproduces the anthropomorphic gait walking and fine operation capabilities. With the world's first self-powered battery swapping technology, it can achieve 7×24-hour uninterrupted operation.

Investment and Financing

The professional sports and outdoor brand "SURPINE" recently completed a tens of millions-level Pre-A financing round

36Kr learned that the professional sports and outdoor brand "SURPINE" recently completed a tens of millions-level Pre-A financing round, invested by the Jiebai Consumption Fund. This financing will be mainly used for product R & D and innovation, user experience improvement, talent team building, and omnichannel expansion. Jiebai will also accelerate the brand's offline layout through its high-quality offline resources.

Momenta Enters the Intelligent Heavy Truck Market and Leads a 500 - million - yuan Financing Round for Lingyi Automobile

36Kr exclusively learned that "Lingyi Automobile", a new - energy heavy - truck manufacturer, recently completed a 500 - million - yuan Series A financing round. This round of financing was jointly led by the autonomous driving company Momenta, Xinghang Venture Capital, and Chentao Capital, and co - invested by Guofa Wenxin, Loudong Industrial Fund, Deying Capital, Xinjing Fuying, Yuanjing Capital, Caitong Capital, Huoshui Capital, and existing shareholder Tianshan Capital. The funds from this round will be used for the mass production of the new - generation forward - R & D platform and the large - scale implementation of driverless trucks.

Cool Products

Alibaba to Release Its First Self-developed AI Glasses This Week

36Kr has exclusively learned that Alibaba will release its first self-developed AI glasses this week. It is understood that the AI glasses to be released by Alibaba will have the basic functions that most products on the market have, such as voice assistant, music playback, phone calls, real-time translation, meeting minutes and other functions. This is also the first AI product launched by Alibaba since it integrated its AI To C business at the end of last year. "It is an extension of Alibaba's AI to C strategy," an insider said.

Zhou Hongyi: 360 to Release Two AI Hardware Devices - Voice Recorder and Smart Glasses

The 2025 China Internet Conference was held. Zhou Hongyi, the founder of 360 Group, revealed that 360 will release two AI hardware devices. The first one is a voice recorder. It uses an intelligent agent to make professional and comprehensive meeting summaries. Zhou Hongyi said that meeting summaries are not just simple transcriptions. "Transcription is easy, but it fails to capture the key points. The AI voice recorder will make better summaries for interviews, conversations and other scenarios." The second one is smart glasses. He mentioned that based on user feedback on Xiaomi glasses, smart glasses must have a "display" function, otherwise they are no different from headphones. "Once it has a display function, many new features can be added, such as a teleprompter and real-time translation." (Sina Technology)

Insta360 Enters the Drone Market and Will Co - incubate a New Drone Brand with a Third Party

36Kr learned that on July 23, Insta360 officially announced its entry into the drone market. A person close to the company revealed that Insta360 has initiated the layout of its drone business and plans to launch drone products under two brands, including Insta360's own drone brand and a new drone brand co - incubated with a third party. In addition, Insta360 will also evaluate investment opportunities in the drone industry.

Compiled | Anya Sun