Krypton Evening Post | The investment promotion conference of "Douyin Mall Year-End Carnival Season" has been officially held, with the official highlighting key points online; Goldman Sachs: It is expected that China's GDP growth rate will be 4.5% in 2025; Over 80% of the staff in the Italian medical system are on strike, and 1.2 million medical services have been cancelled.
Big Companies:
36Kr learned that iDreamSky announced that its Chinese consolidated affiliated entity, Shenzhen iDreamSky Technology Co., Ltd., has recently signed a strategic cooperation agreement with Tencent Cloud Computing (Beijing) Co., Ltd. (hereinafter referred to as "Tencent Cloud"). The two sides have established a joint innovation laboratory, focusing on the theme of "AI Helping Improve the Quality and Efficiency of Game R & D", and continuously deepening on the basis of the existing cooperation in AI code assistants and AI R & D efficiency tools. Combining the actual game scenarios of the group and the technical advantages of Tencent Cloud, a long-term strategic cooperation has been reached. Both sides jointly invest resources to continuously innovate in the direction of the game AI field and promote the implementation of technology.
On November 20, the Merchants Conference of "Douyin Mall Year-End Carnival Season" was officially held. The relevant business leaders of the platform reviewed the outstanding achievements of Double 11 and announced the core gameplay and gameplay rights and interests of the year-end promotion. Based on the advantages of the global scene, Douyin E-commerce innovatively launched seven key gameplay methods including platform marketing, channel products, Qianchuan/Finance, etc., to meet the individualized business needs of merchants at different stages and in different vertical categories; and provided multiple rights and interests such as tens of billions of traffic, tens of millions of platform subsidies, and special service guarantees to escort their business at the end of the year and achieve deterministic and explosive growth.
CATL Conducts Preliminary Consultations on Establishing Battery Recycling Business in Europe
According to Bloomberg, CATL is negotiating to establish a battery recycling business in Europe. As the company prepares to start battery production in Hungary, this move will expand its business territory in the European region. Jason Chen, the regional operations head of CATL, said that discussions are underway with European governments, including Hungary, on possible locations. He said that a new battery manufacturing plant in Hungary is expected to start production in the second half of 2025. CATL hopes to achieve a closed loop from manufacturing to recycling in the European region. Chen also said that the company is also looking for local suppliers including raw materials. Some suppliers have already sent test samples, but these negotiations are still in the preliminary stage and must meet competitive requirements. (Jiemian)
Daheng New Epoch Technology: Plans to Set Up a Wholly-Owned Subsidiary in Japan with $3 Million
36Kr learned that Daheng New Epoch Technology issued an announcement, planning to invest $3 million (approximately 22 million yuan) of its own funds to establish a wholly-owned subsidiary in Japan. The company's current overseas investment to establish a subsidiary is based on the needs of the development of domestic business, to build an overseas marketing platform, increase the intensity of overseas business expansion, focusing on optoelectronics, thin films, and machine vision businesses, and improve the scale and level of the company's R & D, production, sales, import and export, and investment businesses.
Methanol Vehicles Serve a Large-Scale International Event for the First Time
On November 20, the vehicle delivery ceremony of the first batch of official designated vehicles for the 9th Asian Winter Games in Harbin - Geely Alcohol Hydrogen Hybrid Electric Vehicles was held at the Geely Jinzhong Base. As the official partner of this Asian Winter Games, Geely Group provides 350 4th-generation Emgrand Alcohol Hydrogen Hybrid Electric Vehicles to provide a safe and low-carbon alcohol-clean travel for this Asian Winter Games. This is the first time that methanol vehicles have served a large-scale international sports event, representing the high recognition of the adaptability, reliability, economy, safety and environmental protection of Geely methanol vehicles by all sectors of society, adding a new new energy technology path to the passenger vehicle field.
Investment and Financing:
The Singapore Overseas Warehouse Company "Locad" Completes a $9 Million Pre-B Round Financing
36Kr learned that the Singapore overseas warehouse company "Locad" announced today that it has successfully completed a $9 million Pre-B round financing. This round of financing is jointly led by Global Ventures and Reefknot Investments, with Sumitomo Equity Ventures and existing shareholder investors Antler Elevate, Febe Ventures and JG Summi participating.
New Products:
36Kr learned that the AR glasses brand "Tribute to the Unknown", which once received investment from Alibaba, plans to launch its AI glasses products in the first quarter of next year. It is understood that this AI glasses is part of its second-generation product line, and the research and development started at the beginning of this year, featuring non-display technology, mainly targeting the overseas market, and is planned to be released in Q1 next year. This product will provide application scenarios that are completely different from Ray-Ban Meta.
Kunlun Wanwei's Real-Time Voice Conversation Assistant Skyo Will Be Launched in December
Today, Kunlun Wanwei officially launched the "Tian Gong Large Model 4.0" 4o version (Skywork 4o) and the new product "Real-Time Voice Conversation Assistant Skyo". According to the introduction, Skyo, as an intelligent voice interaction product, has the ability of rapid response and multilingual conversation. At the same time, Skyo has emotional response and personalized voice customization functions, bringing a companion experience to users. It is worth noting that based on the large model technology capability and AI search function of Tian Gong AI, Skyo can overcome the problem of large model hallucinations and reply with real content in the conversation. Skyo will be launched in December this year.
Today's Views:
Goldman Sachs: It Is Expected That China's GDP Growth Rate Will Be 4.5% in 2025
36Kr learned that recently, the international investment institution Goldman Sachs released the outlook report on China's economy and China's stock market in 2025. In the report, Goldman Sachs' macro team predicts that China's economic GDP growth rate will be 4.5% in 2025, which is basically in line with the market consensus. It is expected that the CPI and PPI inflation next year will be 0.8% and 0% respectively. There are two reasons for the low inflation: First, there are structural factors in the current economy that suppress inflation, including the multi-year real estate downturn and the persistent excess capacity in the industrial sector. Second, it may take time to restore consumer confidence, boost the labor market and wage growth.
Alibaba CEO Wu Yongming: Facing the AI Era, Alibaba Focuses on Doing Two Things
36Kr learned that the 2024 World Internet Conference Wuzhen Summit opened on the 20th. Alibaba CEO Wu Yongming said in his speech at the main forum that facing the AI era, Alibaba focuses on doing two things: First, continuously improve the AI infrastructure and related support systems; Second, adhere to open source and openness, and work with the majority of ecological partners to transform AI capabilities into the productivity of thousands of industries. Currently, Alibaba's "Tongyi Qianwen" API call with the lowest cost of one million tokens has dropped to 50 cents. The derivative models based on the secondary development of "Tongyi Qianwen" by global developers have exceeded 78,000, which is at the same level as Meta's Llama in the United States, and the user scale is leading globally.
"After going through two years of headwinds, I believe XPeng is about to enter a new positive cycle stage." Recently, He Xiaopeng, the chairman and CEO of XPeng Motors, said at the XPeng Motors' third-quarter earnings conference call. Behind the accelerated launch of new products, He Xiaopeng believes that in the next three years, China's new energy vehicle industry will enter the elimination round stage. "On the one hand, the penetration rate of new energy vehicles in China will reach more than 85%; on the other hand, the AI revolution will also drive the penetration rate of new energy vehicles to the next stage." He Xiaopeng said. "Next year, XPeng Motors will be the first to make high-level intelligent driving software and hardware standard for all models, and will reduce the high-level intelligent driving threshold to a model of 150,000 yuan. In 2025, XPeng Motors will have a leap forward in both autonomous driving and vehicle intelligence." He Xiaopeng said. (Mei Jing)
Other News Worth Paying Attention To:
On November 20 local time, a large-scale strike was held in the Italian healthcare system. According to industry unions, about 85% of Italian doctors, healthcare managers, nurses and other healthcare workers participated in this strike. On that day, a total of 1.2 million medical services including health aid services, medical examinations, surgeries, and specialist consultations in Italy were forced to be canceled, but emergency services were guaranteed. Relevant unions said that the strike was mainly to protest against the deteriorating working conditions and income levels of the Italian healthcare service system. (CCTV News)
The Number of Old Electric Bicycles Collected and Replaced Nationwide Both Exceeds 500,000
Learned from the Ministry of Commerce, as of November 19, the nationwide old-for-new work of electric bicycles has exceeded 500,000 in collection and 500,000 in replacement. As of November 19, all provinces in the country have issued implementation rules for the old-for-new of electric bicycles. 505,700 old electric bicycles have been collected and 505,700 have been replaced, driving a cumulative new car sales of 1.291 billion yuan for electric bicycles. (Xinhua News Agency)