8:01 AM, 36Kr | 360's subsidiary sells houses and parking spaces for 133 million yuan; The mobile phone number with the tail number "888888" was sold at a judicial auction for 420,000 yuan; Sun Yuchen bought the "banana" that was auctioned for 45 million yuan.

TOP3 Big News

360's Wholly-owned Subsidiary Sells Houses and Parking Spaces for 133 Million Yuan

On November 29, the listed company 360, owned by the well-known entrepreneur Zhou Hongyi, announced that its wholly-owned subsidiary, Tianjin QiHan Technology Co., Ltd., sold the houses on the 13th to 21st floors of Building A of the R & D Building at No. 20 Haitai Avenue, Huayuan Industrial Zone (outside the ring), Binhai High-tech Zone, Tianjin, and 90 underground parking spaces to Tianjin Binhai High-tech Zone Enterprise Innovation Service Co., Ltd. at a price of 133 million yuan. 360 stated that the sale of assets is conducive to the company's further improvement of asset utilization efficiency, increase in liquidity, and improvement of operational quality. It is expected to have an impact of 43.5 million yuan (unaudited) on the net profit attributable to shareholders of the listed company in 2024.

On November 30, 360 stated that the company's board of directors agreed that its wholly-owned subsidiary, Tianjin QiHan Technology Co., Ltd., would transfer the houses on the 13th to 21st floors of Building A of the R & D Building at No. 20 Haitai Avenue, Huayuan Industrial Zone (outside the ring), Binhai High-tech Zone, Tianjin, and 90 underground parking spaces to Tianjin Binhai High-tech Zone Enterprise Innovation Service Co., Ltd. at a price of RMB 132,718,760.31 (including tax). The transaction price of the target assets is about 55.44 million yuan higher than the book value. (China Fund News, Daily Economic News)

The mobile phone number ending with "888888" was sold for 420,000 yuan through judicial auction.

Recently, the People's Court of Tinghu District, Yancheng City, Jiangsu Province, successfully disposed of the mobile phone "prestigious number" with the ending number "888888" of the person subject to enforcement through the online judicial auction process in the execution of a sales contract dispute case. The right to use this mobile phone number was finally sold at a price of 424,000 yuan. According to the news from the Tinghu Court, when executing a sales contract dispute case between a certain metal material company and several companies and multiple individuals including Geng XX, after online investigation and offline investigation, no executable property under the name of the person subject to enforcement was found, and the case was temporarily at an impasse. The executive police noticed that Chen XX had used the mobile phone number ending with "888888" to contact the court. Judging by experience that it has market value, they contacted the operator to verify the ownership, package and other information of the mobile phone number. After confirming that the right to use belongs to Chen XX, the sealing and auction procedures were quickly initiated.

Because the right to use the mobile phone number is a virtual property and its value is difficult to assess, the court coordinated the two parties, and finally both parties agreed to determine the auction price through self-negotiation. This mobile phone number received 42 bids and was finally sold for 424,000 yuan, achieving a key breakthrough in the case execution. (Xiaoxiang Morning News)

Sun Yuchen Ate the "Banana" He Bought for 45 Million

On November 29, at a press conference held in Hong Kong, Sun Yuchen, a big shot in the cryptocurrency circle, ate the "banana" that he previously bought for 45 million yuan. In the spotlight, Sun Yuchen tore off the silver tape, took out the yellow banana that was stuck on the wall, peeled it, and took a bite. "It tastes much better than other bananas. It's really good, haha." Sun Yuchen laughed. On the morning of the 30th, a reporter from "Xiaoxiang Morning News" learned from Sun Yuchen's staff that the payment has been completed using cryptocurrency, and Sotheby's Auction House has recognized this.

What Sun Yuchen bought is an art piece called "Comedian", which is a banana stuck on the wall with tape and created by the artist Maurizio Cattelan in 2019. The owner can replace the rotten banana at any time according to their own will, intending to satirize market speculation. When "Comedian" was first exhibited, it triggered extensive discussions worldwide. Subsequently, this work has been auctioned at a high price many times and eaten. For example, when it was exhibited in Miami, the work was eaten in public by the performance artist David Datuna. (Xiaoxiang Morning News)

Big Companies / Major Events

The box office of new films in the 2024 New Year's Eve Film Season has exceeded 600 million yuan

36Kr has learned that according to Dengta Professional Edition, as of 11:42 on December 1, the total box office (including preview screenings and advance sales) of new films in the 2024 New Year's Eve Film Season (from November 22 to December 31) has exceeded 600 million yuan.

The interest rate for the first home mortgage in Hangzhou has been raised to 3.1%.

"From November 30, the interest rate for the first home mortgage newly issued by major commercial banks in Zhejiang Province will not be lower than 3.1%." This news spread rapidly in the WeChat Moments of real estate agents last night (November 29). Just 22 days ago, the mortgage interest rate in Hangzhou had just undergone a round of increase. Since November 8, the interest rate for the first home mortgage in Hangzhou has been raised from 2.9% to 3.0%, and the interest rate for the second home mortgage is the same as the first. That is to say, the mortgage interest rate in Hangzhou has experienced two increases within just one month.

Reporters interviewed second-hand real estate agency stores in multiple areas such as Nanxingqiao, Chengdong, and Qianjiang Century City in Hangzhou. The real estate agents said that they had received an internal notice on the evening of November 30, and it was officially implemented on November 30. The interest rates for both the first and second home mortgages have been raised from 3.0% to 3.1%. (Qianjiang Evening News)

The domestic jewelry gold price drops below 800 yuan per gram and then fluctuates downward

Since the beginning of this year, the international gold price has been continuously climbing. At the end of October, the spot gold price exceeded $2,800 per ounce, reaching a historical high of $2,801.8 per ounce. Then, the gold price fluctuated downward. Although there were small rebounds during the period, the overall price dropped. Under the dual influence of the international gold price and the RMB exchange rate against the US dollar, the domestic gold price also showed a trend of rising and then falling. As of 15:00 on November 29, the international spot gold price reached $2,665 per ounce, and the AU99.99 of the Shanghai Gold Exchange reported 615.70 yuan per gram.

At the end of October, the domestic gold jewelry price once exceeded 800 yuan per gram, and then fluctuated downward. On November 29, the listed prices of jewelry gold at Chow Tai Fook, Zhou Liu Fu, Chow Sang Sang, Luk Fook Jewellery, Lao Miao Huang Jin, and Chow Tai Seng were all 791 yuan per gram; the listed prices of jewelry gold at Lao Feng Xiang and Cai Bai Gold were 793 yuan per gram and 777 yuan per gram. Fan Rui, an analyst of non-ferrous metals at Guoyuan Futures, pointed out to "Epoch Times Weekly" that, "The recent weakness in gold is mainly driven by the US dollar. The result of the US presidential election has raised market concerns about inflation, and the market is repricing the easing intensity of the Fed's current interest rate cut cycle. The short-term strengthening of the US dollar directly triggers the fall in gold. In addition, in the past two years, global central banks' large-scale purchases of gold have provided a strong fundamental support for the gold price, but the enthusiasm of global central banks for purchasing gold has recently decreased significantly, and the support for gold demand has weakened." (Epoch Times Weekly)

2.586 million people actually participated in the written examination of the National Civil Service Examination.

On December 1, the written examination of the 2025 National Civil Service Examination was held. A total of 2.982 million candidates confirmed their registration before the exam, and 2.586 million people actually took the exam. The ratio of the number of people taking the exam to the number of recruitment plans is approximately 65:1, and 263,000 invigilators, inspectors, and examination affairs staff provided service guarantees. (CCTV News)

Beijing Consumers Claim to Have Found Earthworms in Yuanji Dumpling, Many Report Similar Encounters

Recently, consumer Mr. Jiao complained to the "Service Pai" of The Paper's public interaction platform that on November 19 this year, he ordered a bowl of fresh meat wonton noodles at Yuanji Dumpling in Liudaokou, Haidian District, Beijing. However, during the consumption process, he found a dark purple earthworm about 3 centimeters long. After receiving Mr. Jiao's complaint, The Paper called Yuanji's official complaint hotline several times, and the relevant staff said that the customer service would actively follow up and handle it. On November 27, Mr. Jiao reported that Yuanji was willing to compensate 500 yuan.

The Paper found through a search on a complaint platform that many netizens found foreign objects in Yuanji Dumpling, including cockroaches, stones, small plastic pieces, etc. Among them, a consumer posted on social media that on November 27, after she placed an order at Yuanji Dumpling (Lijing International Store) through a food ordering platform, she found a complete reddish-brown earthworm夹带 in the lettuce. (The Paper)

The Paper found through a search on a complaint platform that many netizens found foreign objects in Yuanji Dumpling, including cockroaches, stones, small plastic pieces, etc. Among them, a consumer posted on social media that on November 27, after she placed an order at Yuanji Dumpling (Lijing International Store) through a food ordering platform, she found a complete reddish-brown earthworm was contained in the lettuce. (The Paper)

Many New Energy Vehicles Set Delivery Records in November

On December 1, the monthly delivery reports of new energy vehicle manufacturers "arrived as scheduled". Up to the time of publication, vehicle manufacturers such as Xiaomi, Leapmotor, Avatr, Li Auto, and Xpeng have announced their delivery data for November this year. Among them, the delivery volume of Xiaomi SU7 in November continued to exceed 20,000 units; Li Auto delivered 48,700 new vehicles in November, with a year-on-year increase of 18.8%. Xpeng delivered a total of 30,895 new vehicles in November, with the monthly delivery volume reaching a new starting point of 30,000, setting a new historical high for three consecutive months. (China Economic and New Latitude)

The three major U.S. stock indexes closed higher collectively, and most large technology stocks rose

36Kr learned that at the close of trading on November 30, the three major U.S. stock indexes rose collectively. The Dow Jones Industrial Average rose by 0.42%, the Nasdaq Composite Index rose by 0.83%, and the S&P 500 Index rose by 0.56%. Most large technology stocks rose. Tesla rose by more than 3%, Nvidia rose by more than 2%, Amazon and Apple rose by more than 1%, Meta and Microsoft rose slightly; Google fell slightly. Most popular Chinese concept stocks strengthened. NIO rose by more than 2%, Li Auto, Bilibili, Weibo, NetEase, and Xpeng Motors rose by more than 1%, Alibaba, JD.com, and Baidu rose slightly; Pinduoduo fell by more than 2%.

Great Oriental with 8 daily limit-ups in 10 days: The company solemnly reminds the majority of investors to pay attention to the trading risks in the secondary market and make rational decisions

36Kr learned that Great Oriental announced that as of November 29, 2024, the company's P/E ratio is 52.58 and P/B ratio is 2.15. Combined with the actual situation that the company's stock price rose by the daily limit again on November 29, the cumulative turnover rate in the recent three trading days has reached 41.33%, and the transaction amount has reached 2.75 billion. In view of the company's stock price's continuous daily limit-ups recently, with a rapid increase rate, the actual fluctuation range of the company's stock after excluding the overall impact of the broader market and the corresponding sector is relatively large, and the cumulative increase in the short term is relatively large. Regarding the company's stock price's continuous rise and irrational speculation in the recent stage, the company solemnly reminds the majority of investors to pay attention to the trading risks in the secondary market, make calm judgments, make rational decisions, and invest prudently.

Pingzhi Information: Signs Strategic Cooperation Framework Agreement with ZTE

36Kr has learned that Pingzhi Information announced that the company has signed a "Strategic Cooperation Framework Agreement" with ZTE. The two sides will carry out comprehensive and in-depth cooperation around the construction of the Yunnan Intelligent Computing Construction Project. The cooperation goal is to give full play to the resource advantages of talents, technology, products and markets in their respective fields, and jointly expand the intelligent computing center construction project and explore new business models. The cooperation content is to jointly promote the Yunnan Unicom Intelligent Computing Project and other intelligent computing construction projects in Yunnan Province. This agreement is valid for 5 years and takes effect from the date of signing. The agreement signed this time is a strategic cooperation agreement, and the specific implementation plan needs to be further negotiated and determined by the cooperative parties, and there is a certain degree of uncertainty.

Fenda Technology: Change the purpose of share repurchase to "Cancellation and Reduction of Registered Capital"

36Kr has learned that Fenda Technology announced that the company intends to change the purpose of share repurchase. The purpose of share repurchase will be changed from "Used for implementing equity incentive plans or employee stock ownership plans" to "Used for cancellation and reduction of registered capital". Except for the change in the purpose of share repurchase, the other contents of the repurchase plan have not changed.

Pangdonglai: Our company has not conducted any live-streaming with product promotion on any online platform, nor has it authorized any unit or individual to conduct live-streaming with product promotion on behalf of our company.

36Kr has learned that the official statement of Pangdonglai says that recently, a large number of situations where videos of Pangdonglai are used for live-streaming with product promotion have appeared on online platforms. This behavior has caused serious misleading and confusion to the public, and has violated the legitimate rights and interests of everyone, while also damaging the health and order of the online ecosystem. Our company has not conducted any live-streaming with product promotion on any online platform, nor has it authorized any unit or individual to conduct live-streaming with product promotion on behalf of our company. Please remember: When browsing information on the Internet, be cautious in distinguishing, and be vigilant about unauthorized content on the Internet to avoid being misled and deceived.

Songfa Co., Ltd.: Intends to Dispose of Assets Worth 513 Million Yuan and Acquire 100% Equity of Hengli Heavy Industry

36Kr has learned that Songfa Co., Ltd. announced that the company intends to replace all assets and operating liabilities held as of the evaluation base date with the equivalent part of the 50.00% equity of Hengli Heavy Industry held by Zhongkun Investment. At the same time, Songfa Co., Ltd. intends to purchase assets from the counterparty by issuing shares, specifically including purchasing the difference in the above-mentioned major asset replacement from Zhongkun Investment, and purchasing the remaining 50.00% equity of Hengli Heavy Industry held by Suzhou Hengneng, Hengneng Investment, and Chen Jianhua. In addition, Songfa Co., Ltd. intends to issue shares to no more than 35 specific investors to raise supporting funds. The evaluated value of the assets to be disposed of in this transaction is 513 million yuan, and the evaluated value of the assets to be acquired is 8.006 billion yuan.

The movie "The Good Thing" has been the daily box office champion for 10 consecutive days

According to Dengta Professional Edition, the box office of the film "The Good Thing" exceeded 46 million on December 1, and it has been the daily box office champion for 10 consecutive days. The cumulative box office of this film has reached 387 million. (Jiemian News)

China's total nighttime tourism spending in 2024 may reach 1.91 trillion yuan

Recently, the 2024 China Nighttime Economy Research Results Release Event was held in Futian District, Shenzhen City, Guangdong Province. According to industry predictions, the total domestic nighttime tourism spending in 2024 will reach 1.91 trillion yuan, an increase of 21.7% compared to the same period last year. Currently, there are 20 nighttime cultural and tourism consumption clusters in Guangdong Province, which have strongly promoted the high-quality development of the nighttime cultural and tourism economy in Guangdong. (CCTV Finance)

Elon Musk Asks US Court to Block OpenAI from Transforming into a For-Profit Enterprise

On December 1 local time, it was reported that the well-known American entrepreneur Elon Musk has asked a US court to prevent the OpenAI Research Institute from "illegally" transforming into a for-profit enterprise. A spokesperson for OpenAI said Musk's application is "repetitive and still baseless". (Sina Finance)

Several Canadian media outlets sue OpenAI for copyright infringement

On November 29, several mainstream Canadian media outlets jointly filed a lawsuit against OpenAI, the American research center for artificial intelligence that developed ChatGPT, on the grounds of copyright infringement. Previously, the American "New York Times" had taken OpenAI to court on the grounds of copyright infringement. The plaintiffs involved in the lawsuit include the Canadian "Toronto Star" and its parent company Metroland Media Group, Postmedia Network Inc., "The Globe and Mail", The Canadian Press, and the Canadian Broadcasting Corporation, among other influential media in Canada. They allege that OpenAI "frequently violates" copyright and online usage terms by scraping a large amount of content from Canadian media to assist in the development of products such as ChatGPT. (CCTV News)

Physical retail growth in the US during this year's "Black Friday" is weak, while online consumption surges

According to preliminary estimates, the sales of retail brick-and-mortar stores in the US during this year's "Black Friday" increased by only 0.7% year-on-year. Data from Facteus, a data company, shows that the sales of physical stores have also declined. However, according to data from Mastercard Advisors, the online sales of e-commerce in the US have increased significantly by 14.6%. This data is an indicator that measures the retail sales of the Mastercard payment network in the US, and an estimate of cash and check payments has been made. The estimate has not been adjusted for the inflation rate. Facteus said that this year's "Black Friday" online sales increased by 11.1%, and in-store sales decreased by 5.4%. When accounting for inflation, online sales increased by 8.5%, and in-store sales decreased by 8%. (Jiemian News)

JPMorgan Chase Agrees to Drop Lawsuit Against Tesla Stock Warrants

On November 29, the US lender JPMorgan Chase agreed to drop the lawsuit against Tesla. The lawsuit accused the electric vehicle manufacturer of "blatantly" violating the contract that the two companies signed in 2014 regarding the warrants that Tesla sold to the bank. The move to drop the lawsuit was announced in a one-page court filing submitted by the two companies in a Manhattan court, and they stated that they would withdraw claims against each other. The court filing shows that neither company disclosed the settlement terms. A JPMorgan Chase spokesperson said in a statement on November 30: "JPMorgan Chase and Tesla have decided to establish a new business relationship and resolve the outstanding disputes between the two companies." The spokesperson added: "This is a good outcome for everyone, and we look forward to collaborating. (Sina Finance)

The Forefront of AI

Artificial Intelligence Hospital Expected to Officially Go Live by the End of the Year

Artificial intelligence is penetrating into every aspect of our lives at an unprecedented speed, and the medical field is undoubtedly a highly remarkable one. Recently, the first "AI Hospital" Agent Hospital, created by the team of the Institute for AI Industry Research of Tsinghua University, is undergoing internal testing and will officially go live by the end of the year and be open to the public in the first half of next year. In addition, an AI medical large model that was completely initiated and mainly participated in the research and development by a team of doctors and was "fed" more than 6,000 domestic and foreign medical textbooks has been put into use in the emergency department, critical care medicine department, and inpatient department of Shanghai East Hospital. (CCTV News)

Great Wall Motor's Coffee Agent Large Model Gets Registered for Generative AI Service

Recently, the Coffee Agent large model of Great Wall Motor Co., Ltd. (referred to as "Great Wall Motor") has been shown to have passed the registration in the "Registered and Recorded Information of Generative AI Services" released by the Cyberspace Administration of China. This indicates that Great Wall Motor, as one of the first automakers in the industry to complete the registration of generative AI services, has established a service system for users that complies with industry norms for its AI large model products, and assumes an industry demonstration role in technological innovation and model matrix, vehicle empowerment and enterprise transformation, data management and security protection, etc. (Securities Times)

Intel Unveils New Integrated Enterprise AI Solution

On December 1, Intel released a new integrated enterprise AI solution. This solution is based on a full-stack of hardware including Intel Xeon processors and Intel Gaudi 2D AI accelerators, as well as the OPEA open software platform, providing enterprise customers with an open and scalable end-to-end solution. As the first implemented solution among them, Intel and H3C jointly released the H3C AIGC Lingxi All-in-One Machine. (Jiemian News)

Big Company Financial Reports

Bosideng: Revenue in the first half of fiscal year 24/25 is approximately 8.8 billion RMB, with a year-on-year increase of 17.8%

36Kr has learned that Bosideng has released the report for the first half of fiscal year 24/25. The financial report shows that in the first half of fiscal year 24/25, Bosideng's revenue increased by 17.8% year-on-year to approximately 8.8 billion RMB; the profit attributable to equity shareholders increased by 23% to approximately 1.13 billion RMB. Bosideng's operating profit increased by 19.6% year-on-year, and the operating profit of the main business unit (excluding the women's clothing business) increased by 28.3% year-on-year. Bosideng brand's revenue increased by 19.4% year-on-year to approximately 5.28 billion RMB. The revenue of Xuezhongfei brand is approximately 390 million RMB, with a year-on-year increase of 47.1%, and the gross profit margin increased by 6.0 percentage points year-on-year.

Organized by |Hao Yuqi