8:01 AM | HIMO responds to the prohibition of using HIMO photos for the postgraduate entrance examination registration; ByteDance fires 103 employees due to anti-corruption; Shared bike enterprises respond to college students' night cycling in Kaifeng.
TOP3 Big News
The official response to the prohibit the use of using Haimati photos for the 2025 Postgraduate Entrance Examination registration: It may affect the examination and the identity verification during the subsequent admission.
According to the news, Sichuan Observation reported on November 4th that some netizens posted that in the online registration system for the 2025 Postgraduate Entrance Examination, the reporting point in Fushun, Liaoning prohibits the use of Haimati photos as the admission ticket photos. The post shows that in the online confirmation system for the 2025 National Postgraduate Entrance Examination, the examination point of the Fushun City Admissions and Examinations Office in Liaoning Province specifies that the admission ticket photos "strictly prohibit heavy makeup, image editing, and the use of Haimati photos". On November 4th, the staff of the Fushun City Admissions and Examinations Office told the news that using Haimati photos may affect the examination and the identity verification during the subsequent admission, so Haimati photos "absolutely cannot be used". The news found through querying public information that the reporting point of Communication University of China also issued a relevant announcement, clearly stating "Do not use Haimati photos". Another netizen posted that when signing up for the college entrance examination, a Haimati photo was uploaded, resulting in the failure of face recognition during the college entrance examination, requiring manual verification and re-photographing.
On November 5th, Haimati responded to the prohibit the use of using its photos for the Postgraduate Entrance Examination registration: Photos are edited according to customer requirements, and they can also be used without much editing. The store has specialized photography services for civil service and postgraduate examination photos. (Zhengzai News, Sichuan Observation)
ByteDance Dismissed 103 Employees for Anti-Corruption Reasons, and 11 Were Placed on File for Suspected Crimes
ByteDance internally released the fourth "Corporate Discipline and Professional Ethics Committee Bulletin" of the year. The bulletin shows that 103 people were dismissed (including outsourcing and interns) for illegal and irregular behaviors, among whom 11 were placed on file for investigation by the public security organs on suspicion of constituting criminal offenses. In addition, the bulletin also disclosed the recent incident where an intern disrupted model training, which has attracted attention recently.
Among the 11 people suspected of constituting criminal offenses, in terms of the suspected charges, one person is suspected of the crime of job encroachment, five are suspected of accepting bribes by non-state staff, and the specific suspected charges of the other five have not been disclosed. In terms of the involved businesses and departments, among the 11 people, three are involved in e-commerce business, three in life services, two in Douyin, and one each in enterprise services, human resources and management, and finance. (Sina Technology)
Bike-sharing Companies Respond to College Students' Night Cycling to Kaifeng
Recently, college students in Zhengzhou, Henan Province, organized a group night cycling to Kaifeng, which has attracted a lot of attention. Many netizens have raised questions about how to deal with so many bikes after they are ridden to Kaifeng? Will it increase the burden on bike-sharing companies? On the 4th, Hello Bike told Zhongxin Jingwei that the cross-city cycling from Zhengzhou to Kaifeng exceeds the basic service scope of bike-sharing within the city, which may result in additional vehicle scheduling costs for the company and also bring unnecessary financial burdens to users. Meituan Bike told Zhongxin Jingwei on the 4th that for the situation of "a large number of shared bikes gathering in Kaifeng for a short period of time", Meituan has also coordinated the team members in Zhengzhou and Kaifeng to arrange to strengthen the transportation capacity scheduling at the first time to assist the government departments in urban maintenance and management. (Zhongxin Jingwei)
Big Companies/Big Events
The National Spatial Metrology Technical Committee was established in Beijing
Recently, with the approval of the State Administration for Market Regulation, the National Spatial Metrology Technical Committee was officially established in Beijing, and the secretariat is located at the Beijing Oriental Institute of Metrology and Testing. The National Spatial Metrology Technical Committee is mainly oriented towards the needs of building a strong aerospace country and the development of commercial aerospace. It closely follows the development trends of cutting-edge metrology technologies in the fields of space science, space technology, space applications, and commercial aerospace. It takes the lead in organizing the compilation, revision, review, approval, and publicity of relevant metrology technical specifications, and studies and establishes a measurement traceability metrology system suitable for aerospace missions and extraterrestrial space to ensure the unity of units and the accuracy and reliability of measurement values in aerospace undertakings and extraterrestrial space measurement activities. (CCTV News)
The price of Moutai liquor continues to rise.
Moutai has taken measures to manage the order of distribution channels, and the effect of price increase on the e-commerce side is obvious. Previously, affected by the large-scale low-price promotions on e-commerce platforms, the price of Feitian Moutai in 2024 once dropped to around 2000 - 2100 yuan. On November 5, the subsidized price of 2024 Feitian Moutai on various e-commerce platforms generally rose by about 100 - 200 yuan. Industry insiders believe that channel inspections are a routine operation for liquor enterprises to clarify the channel order and stabilize the product price system. Especially during the promotional activities of e-commerce channels such as "Double 11", it is even more important to stabilize the price of liquor products. (China Securities Journal)
Multiple departments encourage auto enterprises to go global, and Nezha Auto is recognized as a "China Development Observation Point"
36Kr has learned that, according to the information from the National Institute for Development and Strategy, recently, a special seminar to discuss how Chinese enterprises "going global" can boost the development of new-quality productive forces, with the "new energy vehicle industry" as a sample, was held in Beijing. Units such as the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce, the China Securities Regulatory Commission, the Development Research Center of the State Council, and the China Association of Automobile Manufacturers attended the meeting. The research team of the National Institute for Development and Strategy introduced that Nezha Auto, as one of the pioneers in this field, actively responds to the national strategy, forms a first-mover advantage in emerging overseas markets such as Southeast Asia, and is listed as a "China Development Observation Point".
Elon Musk Responds to Tesla Making Phones: Can Make but Won't
On November 5 local time, Elon Musk received an exclusive interview with renowned podcaster Joe Rogan. He responded to the rumors of Tesla making phones: "Making phones is not something we want to do unless Apple and Google start doing some really bad things." (The Paper)
Zhengzhou Industrial Investment and Cultivation Equity Investment Fund Registered and Established with a Contribution of 3 Billion Yuan
36Kr learned that according to the information on Tianyancha App, recently, Zhengzhou Industrial Investment and Cultivation Equity Investment Fund Partnership (Limited Partnership) was established. The executive partner is Zhengzhou High-tech Industrial Investment Fund Co., Ltd., with a contribution of approximately 3 billion RMB. The business scope is to engage in equity investment, investment management, asset management and other activities with private equity funds. Partner information shows that the fund is jointly funded by Zhengzhou High-tech Industrial Investment Fund Co., Ltd., Zhengzhou High-tech Investment Holding Group Co., Ltd., and Zhengzhou High-tech Industrial Investment Group Co., Ltd.
Domestic Airline Ticket Prices Drop Significantly
Since October 27, the national civil aviation has begun to implement the 2024 winter and spring flight plan. The planned flights of domestic and foreign airlines have increased by 1.2% year-on-year. The ticket prices in most domestic areas have dropped significantly, and in some areas, the ticket prices are even cheaper than the train tickets. A relevant person in charge of a travel agency in Zhejiang said: "A travel route that cost more than 4,000 yuan before may now only cost more than 2,000 yuan." (CCTV Finance)
$24.385 billion flowed into A-shares within four weeks
The latest global capital flow report released by Goldman Sachs shows that in the four weeks ending on October 30, a total of $63.628 billion in global capital flowed into the stock market. Among them, the US stock market received a net inflow of $37.228 billion, and the A-share market received a net inflow of $24.385 billion (approximately 170 billion yuan). Strategists at Goldman Sachs Group said in a previously released report that emerging market funds have been increasing their exposure to China and North Asia in the past month. Once the US presidential election is over and the uncertainty hanging over the market is lifted, this exposure may increase rapidly. (Brokerage China)
Xiaomi's Lei Jun: Will Launch Advanced Driving Courses for Car Owners within Xiaomi
Chained Finance News, November 5th. Lei Jun, the Chairman and CEO of Xiaomi Group, said in a recent live stream that in the future, Xiaomi is considering opening three types of courses for Xiaomi car owners within the company: advanced driving training, track driving training, and drift training. It is learned that the specific amount of the training fees and the cooperative driving schools have not been determined yet. (Chained Finance News)
A warehouse in Changzhou caught fire, SVOLT Energy responds: It does not affect the company's normal production and operation
On the morning of November 5th, near noon, a fire was suspected to have occurred in a factory of lithium battery enterprise SVOLT Energy in Changzhou. The relevant party of SVOLT Energy replied that a fire broke out in the raw material warehouse of the fourth phase in Changzhou, which does not affect the company's normal production and operation. The specific cause is under investigation. (21 Finance and Economics)
A Crucial Step Forward in the Independent Research and Development of ATF Fuel Assemblies in China
36Kr has learned that, according to the WeChat official account of China National Nuclear Corporation, recently, the ATF accident-tolerant fuel assembly characterized by the China Institute of Nuclear Power Research and Design of China National Nuclear Corporation has completed two long-cycle irradiation operation tests. It has operated in the reactor for three years and been successfully discharged from the reactor. Thus, China has completed the full-cycle commercial reactor operation test of the ATF accident-tolerant fuel assembly. This marks a crucial step forward in the independent research and development of ATF fuel assemblies in China and is an important milestone in keeping China's independent nuclear fuel research and development in line with the international forefront of nuclear fuel technology.
The Ministry of Transport: From October 28 to November 3, the cumulative volume of postal and express deliveries received was approximately 3.958 billion pieces.
36Kr has learned that according to the information from the official WeChat account of the Ministry of Transport, based on the monitoring and summary data of the Office of the Leading Group for Ensuring Smooth Logistics and Transport under the State Council, from October 28 to November 3, the national freight logistics operated in an orderly manner. Among them: The national railways accumulated a total of 80.733 million tons of goods transported, with a sequential increase of 0.69%; the cumulative number of trucks passing through national expressways was 55.147 million, with a sequential decrease of 3.37%; the cumulative volume of postal and express deliveries received was approximately 3.958 billion pieces, with a sequential decrease of 4.67%; and the cumulative volume of deliveries was approximately 3.913 billion pieces, with a sequential decrease of 5.53%.
Former BOJ Board Member: The Next Rate Hike Is More Likely in January
Former member of the Bank of Japan's Policy Board, Makoto Sakurai, said on Tuesday that the Bank of Japan may raise interest rates in the coming months, with the most likely timing being January next year, when the political and market situations will be more clear. He said that the ultimate goal of the Bank of Japan is to increase the short-term borrowing cost from the current 0.25% to 1.5% or 2% by the end of Governor Kazuo Ueda's term in April 2028. "The Bank of Japan may want to raise interest rates again before March next year. The exact timing will largely depend on the developments in the market and politics," Makoto Sakurai said in an interview. (Sina Finance)
Brain-computer Interface Technology Is Developing Rapidly, and Listed Companies Are Accelerating Their Layout
Recently, the field of brain-computer interfaces has attracted attention again. According to media reports, Synchron, a brain-computer interface startup backed by Jeff Bezos and Bill Gates, is emerging as a dark horse in the brain-computer interface race with less invasive devices. As one of the most active research directions in the current field of neural engineering, brain-computer interface aims to establish a direct communication and control channel between the human brain and external devices, and it has huge application potential. The rapid development of brain-computer interface technology has attracted close attention from capital. Industry companies are actively promoting the development of brain-computer interface technology, the commercialization process is accelerating, and the popularity of related concept stocks is increasing. On November 4, according to Tonghuashun iFinD data, the brain-computer interface concept index rose by 4.19%, among which Chuangxin Medical rose by the daily limit, and Hanwei Technology, Sanbo Brain Hospital, and others had a significant increase. (Securities Daily)
Schaeffler Group in Germany Announces Layoffs of 4,700 and Closure of Two Factories in Europe
Schaeffler Group in Germany announced on Tuesday that it plans to lay off approximately 4,700 people in Europe and close two factories due to the sluggish European automotive industry, which has dragged down the sales of its components. The company stated that as part of a plan to save approximately 290 million euros (316 million US dollars) per year by the end of 2029, approximately 2,800 people will be laid off at 10 locations in Germany. (Sina Finance)
Indonesia's Economy Maintains Stable Growth in the Third Quarter
Supported by domestic and foreign demand, Indonesia's economy continued to grow steadily in the third quarter. Indonesia's Statistics Bureau said on Tuesday that in the period from July to September, the largest economy in Southeast Asia grew by 4.95% year-on-year. In contrast, the growth rate in the second quarter was 5.05%, and the median expectation from a survey of 12 economists by the media was 5.00%. Due to the still strong consumption, economists previously generally expected this data to show a stable year-on-year growth. However, from a quarter-on-quarter perspective, it was originally expected that the data would show a slowdown in the growth momentum. Indonesia's GDP from July to September increased by 1.5% compared to the second quarter. While the quarter-on-quarter growth rate in the second quarter of this year was 3.79%. (Sina Finance)
Turkish automaker Tofas signs production agreement with Stellantis Europe
Turkish automaker Tofas disclosed on November 4 local time that it has signed an automotive production agreement with Stellantis Europe. The signed agreement grants Tofas the right to produce light commercial vehicles and Combi versions in Turkey for the multi-energy platforms of Stellantis' brands. The project is expected to have a maximum investment of up to 232 million euros, with the goal of producing 1 million vehicles between 2024 and 2032. (Jiemian News)
Meta Faces a Fine of 21.6 Billion Won in South Korea for Allegedly Illegally Collecting Personal Information
It is reported that according to the Korea Personal Information Protection Commission on November 5, the commission held the 18th plenary meeting on the 4th and decided to impose an administrative fine of more than 21.6 billion won (approximately more than 112 million yuan) on the US Internet company Meta for violating South Korea's "Personal Information Protection Act". After investigation, it was found that Meta provided advertisers with personal sensitive information collected without authorization, and about 4,000 advertisers used this sensitive information. (Jiemian News)
Research shows that if Trump's new tariff plan is implemented, the annual consumption capacity of the United States may lose 78 billion US dollars.
On November 4 local time, according to a study by the National Retail Federation (NRF), if the new tariff plan proposed by the US Republican presidential candidate and former President Trump is implemented, the annual consumption capacity of American consumers may lose as much as 78 billion US dollars. The study shows that these tariffs will affect consumer goods categories such as clothing, toys, furniture, electrical appliances, footwear, and travel supplies, especially goods whose main supplier is China. (CCTV News)
Apple proposes to invest nearly 10 million US dollars in the Bandung factory in Indonesia
36Kr learned that, it is reported that informed sources disclosed that Apple has proposed to invest nearly 10 million US dollars in the Bandung factory in Indonesia in an attempt to seek the lifting of the iPhone sales ban in the country.
Netflix Confirms to Remove Almost All Interactive Contents
The American streaming platform Netflix has confirmed that almost all of its interactive shows and movies will be removed from the platform starting from December 1. A spokesperson for the company, Chrissy Kelleher, said, "This technology has fulfilled its purpose, but as we focus our technological efforts on other areas, it has now become limited." The Netflix "Interactive Specials" page lists 24 works, but only four will remain, namely "Black Mirror: Bandersnatch", "Unbreakable Kimmy Schmidt: Kimmy vs. the Reverend", "Ranveer x Bell: Clash in the Wild", and "You vs. Wild". (Jiemian News)
The Forefront of AI
The former head of Meta's AR glasses team announces to join OpenAI
On November 4 local time, Caitlin Kalinowski, the former head of Meta's augmented reality (AR) glasses team, announced that she will join OpenAI tomorrow and be responsible for the robot and consumer hardware business. Caitlin also led Meta's virtual reality (VR) glasses hardware team for nine years. Earlier, she worked on MacBook hardware design at Apple. (Jiemian News)
Kunlun Wanwei Releases Groundbreaking AI Advanced Search Function
36Kr has learned that Kunlun Wanwei's AI has officially released the latest version of its AI advanced search function. It is understood that this function is aimed at meeting users' needs in multiple fields such as complex problem-solving, financial investment, scientific research and academia, and document analysis. It has carried out an all-round upgrade in terms of the timeliness, authority, quality, relevance of data and information sources, as well as the richness of content indexing. The AI also optimizes the document AI reading and analysis function, which can not only accurately summarize and analyze complex documents, but also has a super-strong ability to understand the context. Currently, Kunlun Wanwei has built a diverse AI business matrix including AI large models, AI music, AI search, AI games, AI social, and AI short plays.
Guotai Junan: The growth rate of cloud business remains high, and the return on AI investment is gradually emerging
36Kr learned that the research report of Guotai Junan pointed out that the profit margin of Amazon's AWS is amazing, and the capital investment continues to increase quarter-on-quarter in the fourth quarter. The shortage of cards has led to a slowdown in the growth rate of Azure cloud, and the capital investment Capex has increased quarter by quarter, and the reasoning demand is already quite large. This quarter, Microsoft Azure cloud's revenue increased by 34%. The profit margin of Google Cloud exceeded expectations significantly, and the return on AI investment is gradually emerging. Google is optimistic about the progress of AI investment: AI in the search field makes the search more accurate and better able to understand users; regarding the monetization of the new search, the management's guidance is close to the original way of search, denying the awkward situation of fighting with one's own hands. Meta continues to exert efforts in the field of AI this quarter. Meta AI helps creators create and increase the relevance of advertisers' advertisements to improve the monetization rate.
Investment and Financing
"Deep Principle" Completes Seed++ Round Financing, with Vertex Ventures as the Sole Investor
36Kr has learned that recently, the Alfor Chemistry technology innovation enterprise "Deep Principle" announced the completion of the Seed++ round financing, with Vertex Ventures as the sole investor. This round of financing will be used to further improve product research and development, explore the commercial market, and support the international layout.
Humanoid Robot Company "Yuequan Bionic" Secures Nearly 100 Million Yuan in Pre-A Round Financing
36Kr has learned that the humanoid robot company "Yuequan Bionic" has recently completed a nearly 100 million yuan Pre-A round of financing. This round of financing is led by Hongtai Fund, with Changxing Fund and Zhongguancun Qihang Fund participating, and Langchao Capital serving as the exclusive financial advisor for this financing. The raised funds will be mainly used for R & D investment in humanoid robots, the continuous construction of the company's talent and technical barriers, and the accelerated commercialization and delivery.
"Hongpeng Aviation" Completes Multi-Million Yuan Series A+ Financing
36Kr learned that "Hongpeng Aviation" has recently completed a multi-million yuan Series A+ financing round. This round of financing is led by Zhuhai Dahengqin Group, with important shareholder Yinzhu Capital continuously increasing its investment and Beyond Moore Fund participating as a co-investor.
Cool Products
Tencent Launches Hunyuan-Large Open-Source Large Model
On November 5, Tencent announced the launch of Hunyuan-Large, an open-source MoE large language model with the largest parameter scale and the best effect in the industry. The total number of parameters of this model is 389B, the activation parameters are 52B, the number of training tokens is 7T, and the maximum context length is 256K. (Jiemian News)
Nubia Red Magic and BOE jointly create a new generation of true full-screen officially delivered
36Kr learned that on November 5, the delivery ceremony of the "Full Good Screen, Full Screen Strength" new generation of true full-screen jointly created by Nubia and Red Magic under ZTE and BOE was held in Chengdu. It is understood that the new generation of true full-screen delivered this time has the highest under-screen camera full-screen resolution of 1.5K, an ultra-high screen-to-body ratio of 95.3%, as well as excellent performances such as a high refresh rate and high brightness.
Organized by｜Cheng Jiahui