8:01 AM | The deed tax for individual home purchases not exceeding 140 square meters is reduced to 1%; Salary data of Tesla's 100,000 employees exposed; Campus recruitment is strictly prohibited from limiting to 985 and 211 universities.
TOP3 Big News
New Tax Policy: For Personal Housing Purchase of No More Than 140 Square Meters, the Deed Tax Drops to 1%
On November 13, the Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development issued an announcement, clarifying a number of tax preferential policies to support the development of the real estate market. The announcement makes it clear that starting from December 1, nationwide, for individuals purchasing the only housing for the family and the second housing for the family, as long as the area does not exceed 140 square meters, the deed tax shall be uniformly paid at a tax rate of 1%; the lower limit of the provisional collection rate of land value-added tax in various regions is uniformly reduced by 0.5 percentage points, and each region can adjust the provisional collection rate actually implemented in light of the local actual situation.
After the cancellation of the standard for ordinary residential buildings in cities, the value-added tax is uniformly exempted for individuals selling housing that has been purchased for more than 2 years (including 2 years). The original provisions for collecting value-added tax on individuals selling non-ordinary housing that has been purchased for more than 2 years (including 2 years) in the four cities of Beijing, Shanghai, Guangzhou, and Shenzhen shall be correspondingly stopped. (CCTV News)
Tesla's Salary Data of 100,000 Employees Exposed, Base Salary Below Industry Level
Every year, Tesla is able to attract millions of job seekers. The few who are hired usually make a carefully calculated risky decision: to accept a lower base salary first in exchange for the potentially substantial stock returns in the future. Business Insider magazine in the US obtained Tesla's internal salary database, which covers the salary data of nearly 100,000 employees as of December 2021. These data, combined with public documents and Business Insider's interviews with former Tesla employees, reveal Tesla's salary strategy. Tesla's base salary is lower than that of its peers in the technology and automotive industries, but it offers generous stock rewards. (Ifeng Technology)
The Ministry of Education Issues a Document: Campus Recruitment is Strictly Prohibited from Limiting 985 and 211 Universities
Recently, the Ministry of Education issued the "Notice on Doing a Good Job in the Employment and Entrepreneurship of Graduates of National Ordinary Colleges and Universities in the 2025 Session", emphasizing the strict implementation of the "three strict prohibitions" requirements for campus recruitment (strictly prohibited from publishing recruitment information containing words such as limiting 985 universities and 211 universities, strictly prohibited from publishing demand information that violates discriminatory provisions of the state regarding gender, household registration, education, etc., and strictly prohibited from publishing illegal employment information such as false and fraudulent information), and actively creating a fair employment environment. (CCTV News)
Big Companies/Big Events
The search volume for New Year's Eve air tickets has increased by 2.5 times, and the search for Spring Festival air tickets on multiple platforms has soared.
After the 2025 holiday plan was announced, the search volume for air tickets on New Year's Eve on the Ctrip platform has increased by 2.5 times. Tongcheng Travel data shows that within half an hour after the release of this news, the search popularity for air tickets for travel during the Spring Festival holiday on the platform has increased by more than 3 times compared with the same period the day before, and it shows a continuous upward trend. Fliggy data shows that half an hour after the announcement of this decision, the search volume for air tickets during the Spring Festival holiday has increased by about 2 times compared with the previous month. Users in Shanghai, Chengdu, Hangzhou, Guangzhou, Beijing and other places have a high search volume. After it is determined that New Year's Eve is a holiday during the Spring Festival holiday, if citizens and tourists take leave on January 26 and 27, they can easily combine an 11-day long holiday (January 25 - February 4). (Guangming Online)
"Langweixian" IP Creator Sentenced to 8 Years in Prison
On November 13, regarding the case of You Xu (stage name), the creator of the "Langweixian" IP, who committed the crime of job-related embezzlement, the Chongqing First Intermediate People's Court upheld the original judgment of the first instance in the final trial. She was sentenced to eight years in prison and fined 1 million yuan, and was ordered to return the company funds and online accounts that she had embezzled. It took four years, and the battle for the top IP "Langweixian" in the food-broadcasting field has finally come to an end. (Upstream News)
Elon Musk Will Lead the Department of Government Efficiency of the US Government, and the Abbreviation of the New Department Is the Same as That of Dogecoin
On the 12th local time, US President-elect Donald Trump announced that Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy will jointly lead the "Department of Government Efficiency" (DOGE for short) that he plans to establish after he takes office. Trump said that the "Department of Government Efficiency" will "pave the way for dismantling the government bureaucracy, cutting redundant regulatory regulations and wasteful expenditures, and reorganizing federal agencies". (CCTV News)
Wu Xinxin and Zhang Haixing from NetEase have resigned. Previously, it was rumored that the anti-corruption list was "completely eliminated".
The vice president of NetEase Games' marketing, Wu Xinxin, has shown as resigned in NetEase's internal system. A few days earlier, Zhang Haixing, the general manager of NetEase Games' marketing, also showed as resigned. Thus far, all the personnel mentioned in the relevant screenshots of the NetEase corruption incident that circulated online on November 7 have resigned. It is understood that many employees in NetEase's marketing line are still being investigated. (CBN)
Huanong Brothers Update Bamboo Rat Video After 4 Years
Recently, the internet celebrity Huanong Brothers, who have tens of millions of fans across the entire network, released a new video: "Passing by a brother's house, helping him feed the bamboo rats, and by the way, taking 2 back." On November 13, Huanong Brothers posted another video, "The bamboo rats are brought back, and let's make some delicious food for them." After seeing the videos, many netizens exclaimed, "It feels like a dream come back." Previously, after the last bamboo rat feast before the Spring Festival on January 17, 2020, bamboo rats disappeared from Huanong Brothers' videos. After four years, Huanong Brothers not only have been continuously updating videos in these years but also are still engaged in the breeding industry. After giving up breeding bamboo rats, they raise pigs, cattle, and sheep. What is recorded in the videos is still the same, going up the mountain to pick chestnuts and wild fruits, going down to the river to catch fish and loaches, and going home to cut forage to feed the livestock. (Jiupai News)
Weinian claims that the case with Li Ziqi has been fully settled: Currently, the products of the Li Ziqi brand are operated by Weinian.
After a hiatus of more than 1,200 days, Li Ziqi finally made a formal comeback on November 12, 2024, releasing a short video focusing on intangible cultural heritage lacquerware. Within one hour, the video had more than 7.59 million views on Weibo. In response, the Weinian side stated: "Currently, there is no content creation cooperation between Li Ziqi and Weinian, but the Li Ziqi brand is operated by Weinian under a long-term exclusive license in specific product categories." It also said that all cases between Weinian and Li Ziqi have been fully settled. (Jiupai News)
Haidilao Enters the Barbecue Skewer Track, and the First Store of Its Sub-brand Flame Officer Lands in Wuxi
36Kr has learned that recently, Flame Officer BarBecue, a food and lifestyle brand that combines barbecue, alcoholic beverages, and socializing under Haidilao, has landed in Wuxi. Flame Officer BarBecue is the first barbecue skewer brand under Haidilao. It is understood that in August this year, Haidilao announced the implementation of the "Red Pomegranate Plan", aiming to encourage the incubation and development of more new catering brands. Currently, Haidilao has incubated sub-brands in multiple tracks such as Yanqing Barbecue Shop, Xiaohi Loves Fried Food, Xiaohi Hot Pot, and Miao Shixiong Spicy Pot, etc.
NetEase Announces That Three Mobile Games Including "Roar of War" Will Stop Developing New Content
36Kr has learned that NetEase has issued an announcement stating that due to the adjustment of the game development and operation strategy, "Roar of War", "Taia Epic", and "Mobile City Alpha" will stop developing new content and partially shut down servers at 15:00 on January 13, 2025. One day earlier, NetEase released the suspension announcement of "Pokémon Quest" NetEase (official version), stating that due to the adjustment of the game development and operation strategy, the "Pokémon Quest" mobile game will cease operations at 15:00 on February 10, 2025.
Disney is reportedly considering an outsider to succeed CEO Iger, with potential candidates including the CEO of Electronic Arts
On November 12, it is reported that The Walt Disney Company is looking for a successor for CEO Iger. It is said that the candidate pool has expanded to include outsiders. Insiders said that in recent months, one of the names mentioned in Disney's discussions is Andrew Wilson, the CEO of game company Electronic Arts. It is revealed that Disney is working with headhunting firm Heidrick & Struggles to help it evaluate external candidates, and at least two other potential external candidates have been identified. Disney said last month that it plans to appoint Iger's successor in early 2026, later than the original plan. (Jiemian News)
The Airshow Boosts Zhuhai: Over 70,000 Air Ticket Reservations in Six Days
The big data of Umetrip shows that as of November 11, the number of air ticket reservations to Zhuhai from November 12 to November 17 exceeded 70,000, with a year-on-year growth of approximately 17%. The largest number of passengers come from Beijing, Shanghai, Nanjing, Chongqing, and Chengdu. During the exhibition, the average price of air tickets to Zhuhai (excluding taxes) increased by about 50% compared to the same period last year. The data of Tongcheng Travel Platform shows that within a week as of November 10, the search popularity of travel products (transportation, accommodation, etc.) related to the "Zhuhai Airshow" on the platform increased by 442% compared with the previous week. (21st Century Business Herald)
Dingdong Maicai Launches Overseas Expansion: First Stop Selected as Saudi Arabia, Adds International Management Trainee Position in Campus Recruitment
Dingdong Maicai has officially launched its overseas expansion, with the first stop chosen as Saudi Arabia in the Middle East. An insider from Dingdong Maicai stated that the company's overseas business model mainly focuses on selling pre-made dishes to local customers, while also offering fresh produce, refrigerated items, general merchandise, and other product categories. Another source revealed that the management of Dingdong Maicai held a management meeting in Saudi Arabia this year. Currently, Dingdong Maicai is building a local team in Saudi Arabia. Through multiple recruitment channels at home and abroad, Dingdong Maicai is recruiting for positions related to product, operation, customer service, purchasing and sales, government relations, etc. Some of these positions are based in Riyadh, the capital of Saudi Arabia, and require applicants to be proficient in English and Arabic. (Sina Technology)
European Takeaway Giant Sells Its US Subsidiary Grubhub for $650 Million
The largest European takeaway company, Just Eat Takeaway, announced on November 13 local time that it has reached an agreement to sell its US subsidiary Grubhub to Wonder for $650 million. Wonder is a food delivery startup founded by Marc Lore, the former e-commerce head of Walmart, in 2018. (Jiemian News)
State Taxation Administration: A Series of Measures to Facilitate Taxpayers' Cross-Regional Migration Have Achieved Positive Results
36Kr has learned that according to the State Taxation Administration, from September 1, 2024, when the policies of a series of measures to facilitate taxpayers' cross-regional migration were implemented, to October 31, a total of 4,610 taxpayers nationwide have carried out cross-provincial migrations, with a year-on-year growth of 30.04%. The average processing time for tax-related businesses has been shortened by 5 to 10 days, and eligible enterprises can be successfully relocated on the same day. The relevant person in charge of the State Taxation Administration said that in the next step, the tax authorities will continue to optimize pre-emptive reminders, refine scenario settings, strengthen intelligent prevention and control, and refine process management to further enhance the convenience of the circulation of business entities and create a favorable tax environment for the construction of a unified national market.
The number of foreigners entering Shenzhen with visa-free access is increasing again, with "Singapore, Malaysia, and Thailand" accounting for more than 50%
According to the Shenzhen Exit-Entry Frontier Inspection General Station, as of November 11, the number of foreigners entering Shenzhen with visa-free access has exceeded 600,000 this year, with a year-on-year growth of more than seven times. Among them, the proportions of foreigners entering China for tourism and business with visa-free access are 66% and 16% respectively. The countries of origin for visa-free entry are mostly Asian and European countries, and the number of visa-free entrants from the three mutually visa-exempt countries of "Singapore, Malaysia, and Thailand" accounts for more than 50%. (CCTV News)
Tesla Announces New Milestone: Producing 1000 Powerwalls in One Day
On Tuesday local time, Tesla's Gigafactory in Nevada, USA, produced 1000 Powerwall energy storage devices within one day, marking a new milestone for the company. Powerwall is a powerful home battery that can store solar energy for use when the power grid is down. The company previously stated that it is capable of producing one Powerwall 3 - the latest version of the product - every 25 seconds, or more than 700,000 units per year. (Sina Finance)
The Tianzhou-8 Cargo Craft and Rocket Combination Transferred to the Launch Area and Will Be Launched at an Opportune Time Soon
According to the China Manned Space Engineering Office, at 0:22 Beijing time on November 13, 2024, the combination of the Tianzhou-8 cargo spacecraft and the Long March-7 Yao-9 carrier rocket was vertically transferred to the launch area. Currently, the facilities and equipment at the Wenchang Spacecraft Launch Site are in good condition. Subsequent work such as various functional inspections and joint tests before the launch will be carried out as planned, and the launch is scheduled to be carried out at an opportune time in the near future. (CCTV News)
XPeng HT Aero: "Land Aircraft Carrier" with 2008 Units Batch Booked at China Airshow
36Kr learned that according to XPeng HT Aero, the "Land Aircraft Carrier" of XPeng HT Aero has received a batch reservation of over 2000 units at the China Airshow. The total number of new orders signed this time is 2008 units, which is the largest order quantity in the global flying car field to date.
Pfizer is reportedly considering selling its hospital drug business
It is reported that according to three people familiar with the matter, Pfizer is considering selling its hospital drug business. Sources said that Pfizer has hired Goldman Sachs to assess the interest of potential buyers. (Jiemian News)
Temasek Trust Fund Invests $50 Million in Japanese Solar Company Tekoma Energy
It is reported that ABC Impact, the impact investment company under Temasek Trust Fund, will invest $50 million to acquire shares of Japanese solar company Tekoma Energy. Spokespersons for ABC Impact and HSBC have confirmed the news. (Jiemian News)
Zeng Yuqun: If Trump gives the green light, CATL will consider building a factory in the US
It is reported that on November 12 local time, Zeng Yuqun, the chairman and CEO of CATL, said in an interview that if the US President-elect Donald Trump opens the door to Chinese companies' investment in the US electric vehicle supply chain, CATL will consider building a factory in the US. Zeng Yuqun said that initially when the company wanted to invest in the US, the US government rejected it. But he has always maintained an open attitude and hopes that the US side will open the door to investment in the future. Trump said in an interview in August: "We will provide incentives. If China and other countries want to come here (the US) to sell cars, they will build factories here and hire our workers." (Jiemian News)
Japan will establish recycling bases for photovoltaic panels, automobiles and other wastes nationwide
The Japanese government will improve the recycling bases to cover wastes such as photovoltaic panels, automobiles and storage batteries. After the fiscal year 2026, about 10 bases will be put into use. The Japanese government is considering taking measures to enforce the reuse of used battery panels. It is reported that the Japanese government will provide financial support to enterprises involved in recycling and storage to strengthen industrial cultivation and ensure economic security such as rare metals. (Caixin News Agency)
Blackstone Group is reported to invest 300 million US dollars in hedge fund Brigade Capital
It is reported that two informed sources disclosed that hedge fund Brigade Capital will receive a 300 million US dollar investment from Blackstone Group to help it establish a new private credit strategy and expand its mortgage loan debt platform. Blackstone's multi-asset investment department will invest 150 million US dollars in Brigade's new strategy, which focuses on mid-to-low-end market opportunities. (Jiemian News)
The Forefront of AI
Baidu World Conference released a new AI creation species "Free Canvas", and 200,000 people queued up for reservations on the first day after the conference.
36Kr learned that on November 12, the new AI creation species "Free Canvas", jointly released by Baidu Wenku and Baidu Netdisk, made its debut at the Baidu World Conference and officially opened an invitation test to the public. It is understood that "Free Canvas" is the industry's first content operating system of Baidu Wenku and Baidu Netdisk. Through the large model, it has connected the public domain and the privately authorized private domain content, realizing the mixed understanding, generation, and creation of multi-format and full-modal files, and supporting one-click sharing and storage of rich media documents. On the first day after the conference, it has attracted more than 200,000 people to queue up for reservations.
DingTalk Launches AI Assistants for Six Scenarios such as Work Orders
36Kr learned that on November 13, DingTalk ushered in a significant upgrade: AI is deeply integrated into business scenarios. DingTalk launched the "Selected AI Assistants" for key enterprise scenarios. The first batch of six AI assistants, including Work Order Assistant, Excel Assistant, and Legal Assistant, has been launched. At the same time, DingTalk, in collaboration with ecological partners, released industry AI solutions, covering industries such as manufacturing, healthcare, retail, and education.
Big Company Financial Reports
Tencent: Revenue in the third quarter was 167.19 billion yuan, with an 8% year-on-year growth.
36Kr learned that Tencent released its financial report for the third quarter of 2024. The financial report shows that Tencent's revenue in the third quarter was 167.19 billion yuan, and the gross profit and operating profit (Non-IFRS) were 88.828 billion yuan and 61.274 billion yuan respectively, with a year-on-year growth of 16% and 19%, exceeding the revenue growth rate for eight consecutive quarters. Among them, the value-added service revenue reached 82.695 billion yuan, with a year-on-year growth of 9%; benefiting from the boost of Video Account, Mini Programs, and WeChat Search advertising as well as the application of AI technology, the marketing service revenue (formerly "Online Advertising") increased by 17% year-on-year to 29.993 billion yuan; the revenue of the Financial Technology and Enterprise Services segment was 53.089 billion yuan, with a year-on-year growth of 2%.
Investment and Financing
"Caizhi Technology" Completes Multi-Million Yuan Angel Round Financing Led by Zhipu
36Kr learned that "Caizhi Technology" recently completed an angel round financing of several million yuan, led by Z Fund (Zhipu Ecological Fund) and followed by Shengjing Jia Cheng. Yibai Capital served as the exclusive financial advisor.
"Huayu Xianxiang" Completes Angel++ Round Financing
36Kr learned that "Huayu Xianxiang" announced that it completed the Angel+ round and Angel++ round financing totaling nearly 100 million yuan in October and November. Prior to this, Huayu Xianxiang completed an angel round financing of several million yuan in January 2024, led by Hunan General Aviation Fund, with Changsha Xiangjiang General Aviation Development Co., Ltd. and Shanghai Jinbang Capital as co-investors.
"Push Environmental Protection" Completes Multi-Million Yuan Series A Financing
36Kr has learned that "Push Environmental Protection" has recently completed its Series A financing, with an amount of several million yuan. This round of financing is led by Yong Sheng Capital, with Suzhou Science and Technology Innovation Fund participating. Qi Chen Capital serves as the financial advisor for this round of financing. The investment funds will be mainly used for the construction of new production lines and factories, and for investing in an automated integrated line for cast-coated rolls.
Cool Products
Xiaomi Secretly Arranges for AI Glasses, Expected to Be Released in Q2 Next Year
Exclusive from 36Kr, Xiaomi is planning to launch a new generation of AI glasses. It has collaborated with Goertek several months ago, and the product is expected to be released in Q2 2025. Regarding the shipment volume of this product, Lei Jun's expectation is "more than 300,000 units". It is understood that Xiaomi AI glasses will "fully benchmark against Meta Ray-ban", equipped with AI functions, audio headphone modules, camera modules, and will be released under Xiaomi's own brand.
Organized by｜ Wang Xinyie