8:01 AM | The shared bike platforms in Zhengzhou issued a joint announcement: Bikes will be forcibly locked if ridden outside the designated area; Hema Fresh responded to the incident where a mother smashed the store; The husband of the Rolls-Royce female car owner frankly stated the reason for not demanding compensation.

Listing in Progress

Moore Threads

According to sources familiar with the matter, the domestic GPU unicorn Moore Threads has completed the shareholding reform and will soon start the listing guidance. The preferred target is the STAR Market. (Jiemian News)

SF Holding Co., Ltd.

36Kr learned that the Hong Kong Stock Exchange documents show that SF Holding Co., Ltd. has passed the listing hearing of the Hong Kong Stock Exchange.

TOP3 Big News

Meituan, Hello, and Qingju Release Joint Announcement on the Use of Shared Bikes in Zhengzhou: Bikes Will Be Forcibly Locked for Riding Beyond the Designated Area

On November 9, the operating companies of Meituan Bike, Hello Bike, and Qingju Bike released a joint announcement on the use of shared bikes in Zhengzhou. It is stated that recently, an increasing number of people have been found to choose shared bikes to ride from Zhengzhou to Kaifeng at night. Long-distance riding not only poses a high safety risk but also causes inconvenience to other people's travel. According to the service agreements signed between the operating enterprises of Meituan, Hello, and Qingju bikes and users, the relevant matters are hereby announced as follows: First, the designated area for using bikes. The operating area of shared bikes in Zhengzhou is from the North Fourth Ring Road in the north to the South Fourth Ring Road in the south, from the East Fourth Ring Road in the east to the West Fourth Ring Road in the west, and the operating range must not be exceeded. Second, abide by the rules for using bikes. Do not ride beyond the designated area. After riding beyond the area, a voice reminder will be continuously given. After three minutes of continuous reminder, the bike will be forcibly locked, and a dispatching fee will be charged according to regulations. Third, park the bikes in a standardized manner. Park the bikes in the areas where parking is allowed as shown in the APP, and do not park the bikes on the road. Fourth, advocate for safe riding. Observe traffic rules, ride on the non-motor vehicle lane, and the speed should not exceed 15 kilometers per hour. (Jiemian News)

Freshippo Responds to the Incident of a Mother Smashing the Store

On November 9, a video of a "boy falling in a supermarket and the mother smashing the store" went viral online. In the video, a woman throws many goods on the ground in a Freshippo store. The Douyin account suspected to be the child's mother posted a video saying that her 11-year-old child had previously fallen and injured his head in the store, and no staff members helped. The reporter learned that this incident occurred at the Freshippo Meixi Qingxiu Store in Changsha, Hunan. The reporter left a message on the relevant Douyin account, trying to contact the boy's mother, but did not receive a reply. On November 10, the store clerk said that the matter has been negotiated with the child's parents, and other situations are not clear. At noon on the same day, the relevant staff of Freshippo responded to Red Star News that it is true that the parents went to the store to demand an explanation. After the incident, the Freshippo store has been following up and handling the matter, but the two sides have not reached an agreement through negotiation.

Lian Dayou, the director of the Beijing Jingben Law Firm, mentioned that as a business place, the mall must ensure that the goods and services it provides meet the requirements of ensuring personal and property safety. If a consumer is injured or suffers property damage in the mall due to the mall's negligence, the mall needs to bear the corresponding legal responsibility. However, as a person with limited capacity for conduct, the child's parents, as guardians, have not fulfilled their guardianship responsibilities and should also bear the corresponding responsibilities. (Red Star News)

The Reason Why the Husband of the Rolls-Royce Female Owner Admitted Not to Claim Compensation

Recently, a truck in Guangzhou collided with a Rolls-Royce with a license plate for Guangdong and Hong Kong, which has attracted attention. On the evening of November 7, Ms. Zhu, the female owner of the Rolls-Royce, posted a video on her personal social media account stating that she had decided not to claim compensation from the truck driver or the truck's insurance. She would be responsible for the vehicle's repair. Due to this car accident, Ms. Zhu's social media account gained a large number of followers rapidly. Up until the time of the reporter's submission, the number of followers has exceeded one million, and the number of likes has reached three million. In the comment section of the video posted by Ms. Zhu, many netizens believed that this car accident was a script and suspected it was staged. On the afternoon of November 8, Mr. Li, the truck driver, said that he did not know the Rolls-Royce owner at all before. Mr. Cai, the husband of the female owner, also said that they did not know Mr. Li at all. They decided not to claim compensation indeed due to the traffic factor, but more because they believe that "good people will be rewarded." (Cover News) 

Big Companies / Big Events

A Chinese team has developed a new process for preparing high-temperature-resistant battery separators to enhance the safety of lithium batteries

Reporters learned from the Institute of Modern Physics, Chinese Academy of Sciences on November 10 that the scientific research team of the Materials Research Center of the institute, in cooperation with relevant teams from Lanzhou University, Guangdong Laboratory of Advanced Energy Science and Technology, and others, relying on the large scientific facility Lanzhou Heavy Ion Accelerator, has recently used ion track technology to research and develop a new process for preparing high-temperature-resistant polyimide separators for high-performance lithium-ion batteries, which will help improve the safety of lithium batteries and their charging. The important research progress results paper in the field of lithium battery materials has recently been published in the professional academic journal "ACS Nano" (ACS Nano), and both the first author and the corresponding author of the paper are from the Institute of Modern Physics, Chinese Academy of Sciences. (China News Network)

Slovak Prime Minister: Firmly Opposes EU's Tariffs on Chinese Electric Vehicles

Slovakia is the country with the highest per capita automobile production in the world. Recently, Slovak Prime Minister Robert Fico gave an exclusive interview to CCTV's "Dialogue". When it comes to the EU's tariffs on Chinese electric vehicles, Fico said, "We firmly oppose it." Fico said that not only the production of electric vehicles but also the production of batteries needs to be introduced to Slovakia, which is very important for the development of electric vehicles. Many Europeans are not happy to see China transfer battery production to Slovakia, but this is beneficial for Slovakia and even the entire Europe. Therefore, it would be a huge mistake if Slovakia does not seize this opportunity to work with such a partner. (CCTV News)

LG Unveils the World's First Flexible Screen Prototype with a Screen Expansion Rate of Up to 50%

It is reported that LG Display, a South Korean display manufacturer, said on the 10th that it has successfully developed a flexible screen with the highest screen expansion rate in the industry. LG Display held the "Final Achievement Exchange Conference of the National Policy Project for Flexible Screen Development" in LG Science Park, Magok, Seoul on the 8th, and for the first time publicly unveiled a flexible screen prototype with a screen expansion rate of up to 50%. This is the world's first display that simultaneously features a high elongation rate that can stretch a 12-inch screen to an 18-inch screen, a high resolution (100ppi) at the level of a general display, and full-color RGB. (Sina Finance)

The three major U.S. stock indexes have all reached new historical highs, and Tesla's total market value has returned to $1 trillion.

36Kr learned that at the close of trading on November 8, the three major U.S. stock indexes collectively rose. The Dow Jones Industrial Average rose by 0.59%, the S&P 500 Index rose by 0.38%, and the Nasdaq Composite Index rose by 0.09%, all reaching new historical highs. Most large technology stocks declined. Tesla rose by more than 8%, achieving the largest single-week gain since January 2023, and its total market value returned to $1 trillion. Google fell by more than 1%. Nvidia, Apple, Microsoft, Netflix, Amazon, and Meta declined slightly. Popular Chinese concept stocks generally declined. Li Auto fell by more than 7%. JD.com, Pinduoduo, and Bilibili fell by more than 6%. Alibaba, NetEase, and iQIYI fell by more than 5%. Baidu and NIO fell by more than 4%. XPeng Motors rose by nearly 2%.

Some cities' new mortgage interest rates return to "3% range"

Recently, several cities, including Guangzhou, Hangzhou, Nanjing, and Suzhou, have joined the ranks of adjusting mortgage interest rates downward. It is learned from several banks in the above-mentioned cities that the current new mortgage interest rate has been implemented at 3%. "Guangzhou is the first city to raise the lower limit of mortgage interest rates under the current stable situation of the real estate market, and its practice has a certain benchmark significance," said Yan Yuejin, vice president of the Shanghai E-House Real Estate Research Institute. The increase in the new mortgage interest rate is due to the inversion of the provident fund loan interest rate and the mortgage interest rate. It should be understood that the mortgage interest rate is basically "bottoming out", and it cannot be understood as a tightening of policies. Due to the reverse operation involving mortgage interest rates, policy interpretation and expectation guidance need to be further strengthened. (Securities Daily)

SERES Responds Again to the Online Rumors About the Accident Evaluation of AITO M7, Denying Deleting or Modifying the Dashcam and Accident Report Data

36Kr has learned that SERES once again released a statement in response to the online rumors about the accident evaluation of the AITO M7 in Guangzhou, stating that it has not deleted or modified any data from the dashcam or the accident report. Currently, the case has entered the judicial process, and the factual determination should be based on the findings of the court. We always take user safety as the bottom line. Before the court finds out the facts, we call on everyone not to fabricate and spread false information. We will also take all legal measures to safeguard our legitimate rights and interests in accordance with the law.

Large-denomination Certificates of Deposit Enter the "1%" Era

With the advancement of a new round of "interest rate cut wave" in the listed interest rates of commercial bank deposits, the large-denomination certificates of deposit, which were once a "hot commodity" for investors and a "tool to attract deposits" for banking institutions, have lost their former luster. The reporter from China Business News noticed that the annualized interest rates of large-denomination certificates of deposit in the four major state-owned banks, namely Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank, have all dropped below 2%, entering the "1%" era. Moreover, the 3-year and 5-year large-denomination certificates of deposit products of many banks have been temporarily suspended from sale. In a low-interest-rate environment, the attractiveness of bank deposit products, including large-denomination certificates of deposit, has relatively weakened. Investors have also begun to turn to other investment channels to seek higher returns, while banks need to attract and maintain the deposit scale by providing more competitive products and services. (China Business News)

The Financial Head of Yu Hui Tong Xing Steps Down

36Kr has learned that the Qichacha App shows that recently, Yu Hui Tong Xing (Beijing) Technology Co., Ltd. has undergone industrial and commercial changes, and Ma Nan has stepped down as the financial head. In September of this year, Wang Jielin, who held positions in several companies of Oriental Select, stepped down as the financial head of Yu Hui Tong Xing Company, and Ma Nan succeeded him.

Taiwan Semiconductor Manufacturing Company (TSMC) is exposed to stop supplying advanced AI chips to the Chinese mainland as requested by the US from November 11.

According to an exclusive report by Reuters on November 9 local time, citing an informed source, the US has asked TSMC to stop shipping advanced chips commonly used in artificial intelligence (AI) applications to customers in the Chinese mainland starting from November 11. The informed source said that the US Department of Commerce has sent a letter to TSMC, imposing export restrictions on certain 7-nanometer or more advanced precision chips designed for export to the Chinese mainland, which are used to drive AI accelerators and graphics processing units (GPUs). The Financial Times of the UK also recently cited three informed sources to report similar news. Two of the informed sources even said that any future supply of such semiconductors by TSMC to customers in the Chinese mainland will be approved by Washington. (Observer.com)

Toyota Is Reported to Plan to Increase Automobile Production in China

Three people familiar with the matter said that Toyota Motor plans to increase its production in China, with the goal of producing at least 2.5 million vehicles in China per year by 2030. The people familiar with the matter said that Toyota has informed some suppliers of the production increase plan. (Caixin)

The Release of a Fully Domestic, Autonomously Controlled, High-Performance Automotive-Grade MCU Chip

36Kr has learned that on November 9, the 2024 Annual Conference of the Hubei Automotive-Grade Chip Industry Technology Innovation Consortium was held in Wuhan Economic and Technological Development Zone. At the conference, the Hubei Automotive-Grade Chip Industry Technology Innovation Consortium, led by Dongfeng Motor, released a high-performance automotive-grade MCU chip - DF30, filling the domestic gap. The DF30 chip is the industry's first high-end automotive-grade MCU chip based on an autonomous and open-source RISC-V multi-core architecture, developed with the domestic 40nm automotive-grade process, with a fully domestic closed-loop in the entire process, and its functional safety level reaches ASIL-D. It has passed 295 strict tests. The DF30 chip is compatible with the domestic autonomous AutoSAR automotive software operating system and can be widely applied in power control, vehicle chassis, electronic information, driving assistance, and other fields.

Fuzhou Establishes a Working Mechanism for the Education Bureau Directors to Accompany Meals in Schools

According to the official WeChat public account of the Fuzhou Education Bureau, in order to strengthen the food safety management in primary and secondary schools and kindergartens, strictly implement the special rectification work on food safety and dietary fund management, and prevent food safety and cafeteria management accidents, the Fuzhou Education Bureau has formulated a system for directors to accompany meals. The accompanying meal personnel are the directors of the education bureaus at the city and county levels, the deputy directors in charge, and the heads of the offices (sections) of the organs; the accompanying meal targets are the cafeterias of primary and secondary schools and kindergartens in the city or the primary and secondary schools that order food from off-campus catering units to provide catering services to students. In principle, the accompanying meal personnel should accompany meals in primary and secondary schools and kindergartens at least once a month. (The Paper)

Tesla Launches Cybertruck Rental Service, Starting from $999 per Month

Tesla currently offers customers the option to rent the electric pickup Cybertruck, with a price starting from $999 per month. Tesla's website shows that American consumers only need to pay a $7,500 down payment to rent the all-wheel drive version of the Cybertruck for a three-year lease and can choose to make monthly payments. Consumers can also choose to rent for two years without a down payment, with a monthly rent of around $1,600. Tesla launched the Cybertruck rental service after clearing most of the backlogged orders. (Zhitong Finance)

Leapmotor plans to produce electric vehicles at the Stellantis factory in Germany

Reuters, citing informed sources, reports that the joint venture between Leapmotor and Stellantis has canceled the plan to produce the second electric vehicle at the factory in Poland. Instead, it is considering using the Stellantis factory in Germany as an alternative production base for the B10 electric vehicle. Stellantis and Leapmotor declined to comment on this news. (IT Home)

NASA Insists That Two Astronauts Stranded in Space Are in Good Health

It is reported that the National Aeronautics and Space Administration (NASA) insists that the female astronaut Sunita Williams, who is trapped in the International Space Station, is safe and healthy. The report points out that the two American astronauts, including her, have been stranded in space for approximately six months. Sunita Williams and another astronaut, Barry Wilmore, have been stranded in the International Space Station for 153 days and will stay there at least until February 2025, while originally they were only supposed to stay for 8 days. Photos taken on September 24 show that Williams is eating pepperoni pizza and fries, with the table filled with seasonings and other snacks. Pulmonologist Vinay Gupta said, "I think it can be seen from her sunken cheeks that she may have been severely lacking (calorie intake) for a period of time." (Cover News)

eBay Adds Alipay as a Convenient Payment Option for Chinese Buyers

36Kr learned that on November 9, eBay collaborated with Antom, a subsidiary of Ant International, to add Alipay as a new payment option on the platform. This collaboration enables buyers from mainland China to use Alipay to make payments when shopping on eBay, enjoying a seamless, secure, and localized payment service. Liu Zheng, General Manager of Ant International Antom, said: "Ant International is committed to connecting more markets and consumers for merchants through open cooperation and continuous innovation to achieve greater growth. By providing local payment solutions, we aim to create a smooth and reliable payment experience for customers and open up new development opportunities for global merchants."

Boeing is close to reaching a financing agreement to assist Spirit AeroSystems, a supplier.

It is reported that on November 9, sources said that Spirit AeroSystems and Boeing are about to reach a financing agreement to provide cash assistance to this troubled Boeing supplier. The source said that the deal may be announced in the next few days, but he cautioned that the private negotiations are not yet over. Spirit AeroSystems is dealing with financial and production challenges. After four consecutive years of losses, the company issued a liquidity warning on Tuesday. Documents show that the company expects to consume approximately $450 million to $500 million in cash in the last three months of 2024 and the first half of 2025. (Jiemian News)

Booking plans to carry out layoffs to release resources and reinvest

It is reported that on November 9, the online travel group Booking Holdings said that it is planning to carry out organizational changes and layoffs. The company intends to take a series of measures to release resources and reinvest. The company said in a statement on Friday that in addition to layoffs, it will also "modernize processes and systems", save real estate costs, and "optimize" the procurement process. (Jiemian News)

Boeing is reportedly considering selling its subsidiary Jeppesen for more than $6 billion

According to people familiar with the matter, Boeing is studying the sale of its subsidiary Jeppesen and drawing up a list of assets that could be divested to help alleviate its $58 billion debt burden. People familiar with the matter say Boeing is discussing a possible sale of Jeppesen with an advisor, and there are bidders, and it may attract the interest of private equity firms and other companies. Some of these people said the sale price of Jeppesen could exceed $6 billion, depending on the appetite of the buyer and comparable similar assets. The sale process of this asset could take place as early as the first half of 2025. People familiar with the matter warn that the portfolio assessment is still ongoing, and Boeing could still decide to retain Jeppesen. A company spokesperson declined to comment. (Sina Finance) 

The Forefront of AI

Kunlun Wanwei's SkyReels AI Short Drama Platform will be officially launched in the United States on December 10.

36Kr has learned that Kunlun Wanwei's AI short drama platform SkyReels will be officially launched in the United States on December 10. This marks Kunlun Wanwei's further expansion in the global AI entertainment market. On August 19 this year, Kunlun Wanwei released the world's first AI short drama platform SkyReels that integrates the video large model and the 3D large model. The SkyReels platform integrates Kunlun Wanwei's self-developed script large model SkyScript, self-developed storyboard large model StoryboardGen, self-developed 3D generation large model Sky3DGen, and the industry's first innovative platform WorldEngine that deeply integrates the AI 3D engine with the video large model.

Organized by | Yu Mo