Kr Xing Evening News | Xingdong Jiyuan Reaches Strategic Cooperation with the United Nations Industrial Development Organization; Tongyi Qianwen Enters Desktop, Reaching Over 100 Million Users; The Main Bridge of Qujiang River Super Bridge Successfully Closed, with Over 98% of the Subgrade Project of the Chengdu-Dazhou-Wanzhou High-Speed Railway Completed
Large Companies:
36Kr learned that on November 24, 2025 local time, Sinovac signed two PDP (Product Development Partnership) projects with the Brazilian Ministry of Health, becoming the first Chinese vaccine company to win the bid for this project. Sinovac will cooperate with local Brazilian partners, the Tecpar Institute and Eurofarma Company, to build a vaccine industry platform, helping Brazil enhance its local vaccine production capacity. It will supply a total of about 60 million doses of varicella and rabies vaccines to Brazil over the next 10 years, with a value exceeding $700 million. This is the longest - term and largest - value international order ever obtained by a Chinese vaccine company.
Star Era Reaches a Strategic Cooperation with the United Nations Industrial Development Organization
36Kr learned that recently, during the 21st Industrial Development Conference of the United Nations Industrial Development Organization, Star Era officially signed a strategic cooperation agreement with the United Nations Industrial Development Organization (UNIDO), becoming the only Chinese embodied intelligence company to reach a strategic cooperation at this conference. The strategic cooperation stipulates that both parties will discuss potential cooperation in the fields of embodied intelligent humanoid robots and technological innovation.
Reports: Paramount to Release "Rush Hour 4", Jackie Chan Expected to Return
Media such as the US Fox News and "The Beast Daily" reported on the 25th, citing information from the US entertainment media Deadline website, that sources confirmed that Paramount will represent Warner Bros. in releasing the movie "Rush Hour 4". International film star Jackie Chan and Chris Tucker are expected to return. Previously, many US media reported that former US President Donald Trump personally lobbied for the revival of the "Rush Hour" movie series. Paramount has not responded to requests for comment. (Global Times)
Results of China's First AI Travel Assistant Evaluation Released, Fliggy Ask Ranks First
36Kr learned that recently, China's first systematic "AI Travel Assistant Evaluation System" was released. Fliggy Ask ranked first with a comprehensive score of 724.92 points (out of 900). It is reported that the "AI Travel Assistant Evaluation System" was developed by an expert team from the Digital Culture and Tourism Research Center of Beijing International Studies University. It is a comprehensive evaluation system based on five dimensions: availability, usability, personalization, security, and fluency.
AI Platform Suno Reaches a Cooperation Agreement with Warner Music
The US artificial intelligence platform Suno and the US Warner Music Group reached a cooperation agreement on the 25th. Both parties announced that they will jointly develop a new generation of licensed artificial intelligence music and compensate artists and musicians affected by the rapidly developing artificial intelligence wave. This agreement resolves the legal disputes between the two parties. Previously, Warner Music Group, together with other record companies, sued Suno and another artificial intelligence music platform, Udio, accusing these AI platforms of infringing on the works and portraits of artists and musicians for training generative AI models. (Caixin)
Ali Tongwen Enters the Computer Desktop, Reaching Over 100 Million Users
On November 26, Ali Tongwen was deeply integrated with the new Quark AI Browser, becoming a desktop - level intelligent assistant with global capabilities. This is a key move in Alibaba's "Tongwen Project", aiming to make the browser the core carrier of Tongwen's capabilities in the next stage. Currently, the installation volume of the Quark AI Browser on computers has reached 110 million. As the most core entry point on the computer, the browser has great potential for the capabilities of the AI assistant. This integration is not in the "AI plug - in" mode, but rather makes Tongwen the "system foundation" of the Quark AI Browser. Users can keep Tongwen "resident on the desktop" and evoke it at any time. This marks that Tongwen is breaking out of the single - APP dimension and transforming into Alibaba's core AI engine on the C - end.
Bain's "Insights into the Global Humanoid Robot Industry Trends" report points out that the global humanoid robot market is still in the early exploration stage, and the next 5 to 10 years will be the golden development period. Bain predicts that by 2035, the annual global sales of humanoid robots are expected to reach 6 million units, with the market size exceeding $120 billion. In an optimistic scenario, the sales may exceed 10 million units, and the market size will reach $260 billion. (Caixin)
ByteDance's Tomato Series Revenue Exceeded 30 Billion Yuan in 2024, Expected to Double This Year
36Kr exclusively learned from a source close to ByteDance that in 2024, the revenue of ByteDance's Tomato series of businesses (including Tomato Novel, Red Fruit Short Drama, Tomato Listening, and Wukong Search) exceeded 30 billion yuan, with an overall profit of about 3 - 5 billion yuan. Among them, Tomato Novel contributed most of the revenue. According to the source's estimate, the overall revenue of the Tomato series is expected to exceed 60 billion yuan this year, with Tomato Novel's revenue exceeding 45 billion yuan and Red Fruit Short Drama's revenue exceeding 15 billion yuan. 36Kr verified this with ByteDance, and the company said the above data was untrue.
New Products:
ByteDance to Release a New PICO Product with Self - Developed Chip in 2026
Yang Zhenyuan, the vice - president of technology at ByteDance, revealed at the 2025 ByteDance Scholarship Award Ceremony that PICO will launch a new generation of products in 2026. The new product will be equipped with a fully in - house developed dedicated headset chip, capable of real - time processing of high - definition and high - frame - rate videos with low latency and high precision. The system latency is only about 12 milliseconds. (Jiemian)
Today's Views:
Guohai Securities' "2026 Capital Market Annual Conference" was held in Nanning on November 26. Xia Lei, the chief economist of Guohai Securities, said in his macro - economic outlook for 2026 that A - shares are expected to continue the slow - bull trend, with technology remaining the main line. Xia Lei mentioned that the current high - level government attaches great importance to the stable development of the capital market. The stability of the stock market is related to the overall economic and social situation and the vital interests of hundreds of millions of investors. At the same time, the A - share market currently has the liquidity foundation for a bull market. Resident deposits form a reservoir, providing liquidity support for the stock market. As of October 2025, the balance of household deposits in China reached 162.6 trillion yuan. In her view, China's new - quality productivity, technology, and industrial innovation are developing vigorously, and international trade frictions are forcing the acceleration of domestic substitution. Comparing the market values and capital expenditures of Chinese and US technology companies, there is still a large gap for China to catch up in the technology field. (Securities Times)
Recently, investors' concerns about the AI bubble have continued to rise. In response, at the 2026 Annual Investment Strategy Report Conference of China Galaxy Securities held on November 26, Zhang Jun, the chief economist and the dean of the research institute of China Galaxy Securities, said that the AI bubble does exist, but it is still too early to say whether it will turn into a crisis. Zhang Jun mentioned that the IMF compared the current situation with the dot - com bubble. From indicators such as price - to - earnings ratio and investment enthusiasm, the overall situation is still relatively controllable. The Fed's interest - rate hikes were an important factor in bursting the dot - com bubble, but currently, it is a period of interest - rate cuts by the Fed and globally, so the policy risk is controllable. However, he also emphasized that the resilience of the global economy is much lower than it was back then, so there is still uncertainty about the comparability of the indicators. (Securities Times)
Other Noteworthy News:
36Kr learned that the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Commerce, the Ministry of Culture and Tourism, the People's Bank of China, and the State Administration for Market Regulation have issued the "Implementation Plan for Enhancing the Adaptability of Consumer Goods Supply and Demand to Further Promote Consumption". It is mentioned that by 2027, the supply structure of consumer goods will be significantly optimized, forming three trillion - level consumption areas and ten billion - level consumption hotspots, and creating a number of high - quality consumer goods with rich cultural connotations and global reputations. By 2030, a high - quality development pattern in which supply and consumption interact positively and promote each other will be basically formed, and the contribution rate of consumption to economic growth will steadily increase.
The Chengdu - Dazhou - Wanzhou High - Speed Railway, a major project during the "14th Five - Year Plan", is an important part of the Yangtze River Corridor in China's "Eight Vertical and Eight Horizontal" high - speed railway network. The line starts from Tianfu Station in Chengdu, Sichuan Province in the west, passes through Ziyang, Suining, Nanchong, and Dazhou in Sichuan Province, as well as Kaizhou and Wanzhou in Chongqing, and connects to the existing Wanzhou North Station of the Zhengzhou - Chongqing High - Speed Railway. After completion, it will form a convenient passenger transport channel from Chengdu to the Central Plains and the Beijing - Tianjin - Hebei region. Early this morning, the main bridge of the Dazhou Qujiang Special Bridge, a controlling project of the Chengdu - Dazhou - Wanzhou High - Speed Railway, was officially closed. As of November 25, over 98% of the whole - line subgrade project of the Chengdu - Dazhou - Wanzhou High - Speed Railway has been completed, and the remaining progress of the project is mainly concentrated on "4 bridges and 4 tunnels". (CCTV News)