9:01 AM, 36Kr: Pangdonglai Announces Employee Marriage Implementation Standards, Prohibiting Buying Houses and Cars with Parents' Savings; The Man Who Offered His Subway Seat During Morning Rush Hour for 5 Yuan Has Been Detained; WeChat Conducts Gray-scale Test for Doubled-speed Playback of Voice Messages
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LaoXiangJi
36Kr learned that LaoXiangJi has submitted an application for listing to the Hong Kong Stock Exchange, and has appointed China International Capital Corporation Hong Kong Securities Limited and Haitong International Securities Company Limited as the overall coordinators.
TOP 3 Big News
Pang Donglai Announces Employee Marriage Implementation Standards: Not Allowed to Buy Houses and Cars Relying on Parents' Savings
According to Sina Finance, on January 3, Pang Donglai announced the implementation standards for employee marriages. The document mentions that Pang Donglai employees are not allowed to receive or pay bride price or dowry when getting married, which would cause economic pressure and mental burden on both families. It is not allowed to buy houses and cars relying on parents' savings. If parents have sufficient economic conditions and it does not affect the quality of life of the parents, they can temporarily make an advance arrangement in the form of "borrowing from parents", but a plan to return the money to the parents should be made.
Previously, Yu Donglai mentioned in the live broadcast that more systems will be introduced. "Pang Donglai will gradually introduce more systems to assist employees to live a better life and guide them to live a more rational and scientific life." Yu Donglai said: "How do we treat our love and our marriage, so that everyone understands how to manage my family. Therefore, more standards may be introduced in terms of bride price and waste in weddings, so that employees understand that they should live in a state they like, rather than for the sake of face." (Sina Finance)
A man who fabricated the story of selling a subway seat during the morning rush hour in Shanghai for 5 yuan has been administratively detained by the police
According to the Beijing News Shell Finance, on December 19, 2024, a man claimed on a social platform that he was selling a subway seat during the morning rush hour in Shanghai for 5 yuan, which attracted the attention of netizens. The man said he was selling a seat on the Shanghai Metro Line 16 from Dishui Lake to Longyang Road during the morning rush hour, and provided detailed information about the train arrival time and his own travel information, claiming that only a "transfer fee" of 5 yuan was required. He also claimed that one person had successfully "transferred" the seat twice. The man's "paid seat occupation" behavior caused a heated discussion on the Internet. After noticing this incident, the Shanghai Metro Police quickly launched an investigation and found the man involved, Zhou XX.
After investigation, in order to increase the popularity of his social platform account, Zhou XX posted a "paid seat occupation" article on December 19 without actually carrying out the relevant "seat occupation" behavior. On December 31, in order to keep the "paid seat occupation" article popular and attract more attention, Zhou XX provided the media with self-made false transaction records, falsely claiming that he had successfully transferred the seat twice, causing the false information to spread on the Internet. After being arrested, Zhou XX confessed to his illegal act of fabricating false information and spreading it on the information network. Currently, the Shanghai Metro Police have lawfully imposed an administrative detention penalty on the offender Zhou XX. (Shell Finance)
Can WeChat voice messages be played at double speed? Tencent Customer Service: The feature is currently in gray-scale testing
Recently, some netizens found that WeChat voice messages can be played at double speed. In response, Tencent Customer Service said that after the WeChat version is upgraded to 8.0.55, when replaying a voice message, you can choose to play it at double speed next to the voice bubble, and during the double-speed playback, it also supports restoring to the original speed. The customer service also said that this feature is currently in gray-scale testing. (Sina Technology)
Big Companies/Big Events
The Party Involved in 16 Domestic Violence Incidents within Two Years Responds to Doubts about Live Commerce
Recently, Xiaoxie, the party involved in 16 domestic violence incidents within two years, released a video stating that she is ready to accept everyone's suggestions and allow others to use her account for live commerce, which has sparked controversy. On January 3, Xiaoxie responded to the doubts about live commerce in the live stream: "I know there will definitely be many people scolding. Live commerce is not my original intention. However, the child support is judged to be 2,000 yuan per month. Up to now, I haven't received a penny, and I also have medical expenses every month." Previously, Xiaoxie once apologized to netizens for live commerce: "I can't work like a normal person. The follow-up medical expenses are unknown, and I also need to take care of the child. If I have disappointed everyone, I'm really sorry."
According to previous reports, from July 2021 to April 2023, Xiaoxie was subjected to domestic violence by He Mouyang 16 times during her marriage, resulting in the complete loss of the left kidney function. She was identified as having four serious injuries of the second degree, five minor injuries of the second degree, and one minor injury. Three of her ribs were fractured, her duodenum was contaminated, she had intestinal obstruction, and her internal organs were damaged to varying degrees. There is a 30-centimeter wound from her abdomen to her chest, accounting for one-fifth of her body, and she needs to wear a fecal bag for life. (Jiupai News)
NIO Power Has Built Over 3,000 Battery Swap Stations Nationwide
36Kr learned that on January 3, the 3000th battery swap station of NIO Power officially went online at Wutong Wharf in Harbin. In addition, on the same day, battery swap stations in Wenzhou, Shangrao, Dongguan, Shaoxing, and Nanchang were simultaneously completed, with over 3,000 battery swap stations built nationwide. There are NIO battery swap stations in Jiamusi in the east of Heilongjiang, Sanya in the south of Hainan, Karamay in the west of Xinjiang, and Qiqihar in the north of Heilongjiang. At least one battery swap station is within a 3-kilometer radius of the residences or workplaces of over 80% of NIO users.
Ideal Auto Applies to Register the Ideal VLA Model Trademark
36Kr has learned that according to the intellectual property information on Tianyancha, recently, Beijing Ideal Auto Co., Ltd. has applied to register a trademark "Ideal VLA", with the international classification of scientific instruments. Currently, the trademark status is awaiting substantive examination. According to media reports, recently, when CEO Li Xiang was interviewed, he stated that Ideal Auto is no longer just an automotive manufacturing enterprise, but an AI enterprise. In terms of intelligent driving, Li Xiang proposed a new industry concept - the "VLA" model, which is the AI capability that deeply combines "Vision, Language, and Action".
Sam's Response to the Rumor of China Business Sales Exceeding Hundred Billion: This Data Has Not Been Released, and No Response to the Rumor
Some retail self-media quoted market insiders as saying that Sam's China's full-channel sales in 2024 exceeded 100 billion yuan, reaching 100.5 billion yuan, among which online sales accounted for more than 48%. Sam's official response is that it will not respond to market rumors and has not released this data. According to the performance report of the third fiscal quarter of fiscal year 2025 as of October 31 previously released by Walmart, Walmart's sales in the Chinese market were 4.9 billion US dollars, with a year-on-year growth of 17%. Coupled with the scales of 5.7 billion US dollars and 4.6 billion US dollars in the previous two fiscal quarters, Walmart China's net sales in the first three quarters of fiscal year 2025 amounted to 15.2 billion US dollars (approximately 110 billion yuan in RMB). (Jiemian News)
Electric vehicle sales will increase significantly in 2025, with an expected volume of 15.1 million units
36Kr learned that automotive industry analysts at S&P Global Mobility believe that the outlook for electric vehicles in 2025 is promising. Despite some automakers scaling back their electric vehicle targets and the uncertainty surrounding the $7,500 federal tax credit in the United States, it is expected that electric vehicle sales will increase significantly this year.
The automotive research firm predicts that global pure electric vehicle sales will increase by 29.9% next year. The global sales volume is expected to reach 15.1 million units in 2025, higher than the estimated 11.6 million units this year, with the market share increasing from 13.2% to 16.7%. In contrast, global light vehicle production is expected to decline by 0.4%, totaling 88.7 million units.
The number of civil aviation passengers during the 2025 Spring Festival travel rush is expected to exceed 90 million, and is likely to reach a new high.
The Civil Aviation Administration held a press conference on the morning of January 3. Relevant officials introduced that the number of civil aviation passengers during the 2025 Spring Festival travel rush is expected to exceed 90 million, and is likely to set a new historical record. (CCTV News)
Cyberspace Administration: Dealt with 2.39 million accounts of online water armies and merchant stores
According to Cyberspace Administration of China: For some time, online water armies have been systematically engaged in activities such as manipulating ratings, boosting followers and likes, organizing voting campaigns, and creating false transactions and reviews, which have seriously endangered the online ecosystem. Some of them take advantage of social events to stir up buzz and attract traffic, some use ranking rules to organize campaigns for higher rankings and manipulate reviews, some create false popularity for public accounts and live-streaming rooms, some build false reputations for merchant stores, and some use "nurtured accounts" to manipulate ratings and create false traffic for film and television works and entertainment stars. Since 2024, the Cyberspace Administration has continuously intensified its crackdown on online water armies, seriously investigating and dealing with issues such as the recruitment, promotion, and drainage of online water army organizations, as well as manipulating volumes and controlling reviews. It has coordinated the closure and removal of more than 400 website platforms, urged key platforms to clean up 4.82 million pieces of illegal and irregular information, and dealt with 2.39 million accounts and merchant stores, and 52,000 groups. (People's Daily)
China's First Stem Cell Therapeutic Drug Goes on the Market, Multiple Listed Companies Respond
Stem cell concept stocks showed unusual movements at the opening on January 3. In terms of news, on January 2, the National Medical Products Administration conditionally approved the listing of China's first stem cell therapeutic drug, Aimaimituosai Injection, through the priority review and approval process. It is used to treat acute graft-versus-host disease (aGVHD) with the digestive tract mainly involved in patients over 14 years old who have failed hormone therapy. In response, staff from Zhongyuan Union Stem Cell Bioengineering Co., Ltd., Guanhao Biotech Co., Ltd., and Nanhua Bio-Pharmaceutical Co., Ltd. all stated that the companies are mainly involved in stem cell storage and currently have no stem cell therapeutic drugs. (21st Century Business Herald)
IDC: It is expected that the market size of China's accelerated computing server will exceed 55 billion US dollars in 2028, with ASIC accounting for nearly 40%
36Kr has learned that the IDC report shows that the market size of China's accelerated server will reach 19 billion US dollars in 2024, with a year-on-year growth of 87% compared with 2023. Among them, GPU servers still dominate, accounting for 74% of the market share. By 2028, the market size of China's accelerated computing server will exceed 55 billion US dollars, and the market share of ASIC accelerated servers will be close to 40%.
It is reported that Nvidia and Qualcomm are considering transferring some 2-nanometer orders from TSMC to Samsung
According to SamMobile, it is said that Nvidia and Qualcomm are considering transferring some of their 2-nanometer process orders from TSMC to Samsung, which is due to capacity and cost considerations. Samsung will start the test production of 2-nanometer process chips in the first quarter of this year. (Caixin)
Kia Motors sold nearly 3.09 million vehicles last year, reaching a record high
Kia Motors, South Korea's second-largest automaker, said on January 3 that the company's annual sales last year reached a record high of nearly 3.09 million vehicles. Kia Motors said that its domestic sales in South Korea in 2024 were 541,010 vehicles, and overseas sales were 2,543,361 vehicles, with a total of 3,089,457 vehicles sold, an increase of 0.1% compared to 2023. Domestic sales decreased by 4.2% year-on-year, but overseas sales increased by 1% compared to 2023. Previously, Kia Motors' annual sales record was 3,087,384 vehicles set in 2023. (Sina Finance)
Rental vehicles used in terrorist attacks, risk control measures of American shared car rental unicorn Turo under scrutiny
On January 2 local time, the FBI said that the two previous incidents (the New Orleans car-ramming case and the Las Vegas bombing case) seemed to be unrelated, but in both incidents, the drivers used the cars they rented on the Turo platform to carry out violence. According to media reports, informed sources revealed that some employees of the trust and safety team of the car rental startup Turo Inc. have interrupted their vacations to monitor and respond to the consequences of the two fatal attacks in Las Vegas and New Orleans, USA.
In a statement on January 1, a Turo spokesperson said that it is actively cooperating with law enforcement agencies in investigating the two incidents. "We believe that the tenants involved in the Las Vegas and New Orleans attacks have no criminal background and will not be identified as a security threat." It is reported that Turo plans to go public, but has been waiting for better market conditions for many years. However, in its listing application documents, Turo also warns that as a public company, one of the risks to Turo's success is the activities of its hosts or guests: Theft, vehicle damage or other safety and security issues may "damage our reputation, increase our operating costs, and have a substantial adverse impact on our business." (Jiemian News)
It is reported that Biden will announce to prevent Nippon Steel from acquiring US Steel on January 3 local time
According to multiple media reports and several informed sources, US President Biden has decided to prevent Nippon Steel from acquiring US Steel. The White House plans to announce this decision on Friday (January 3) local time. Biden had previously expressed opposition to this $14.1 billion acquisition proposal, but the White House has never explicitly stated that he would block the deal. The US Committee on Foreign Investment in the United States was deadlocked in reviewing the acquisition proposal last month and left the final decision to Biden. He must make a decision before the beginning of next week. In response, Nippon Steel said it would not comment on the reports that "Biden decided to prevent the acquisition of US Steel". (Jiemian News)
Investment and Financing
"Pimax Technology" Completes Hundred-Million-Level C1+ Round of Financing
36Kr has learned that "Pimax Technology" has recently completed a hundred-million-level C1+ round of financing. This round of financing is led by Zhuji Jingkai Chuangrong Investment, and the old shareholder Ivy Capital follows the investment. This financing is also one of the largest financing in the domestic VR headset field since 2024.
"Shanchuan Harmonic Drive" Secures Over 300 Million Yuan in Series A Financing
36Kr has learned that recently, "Shanchuan Harmonic Drive" has completed its Series A financing, with the amount exceeding 300 million yuan. This round of financing is jointly led by the Social Security Fund Zhongguancun Independent Innovation Special Fund (with Legend Capital as the manager) and Legend Capital. Dachen Chuangzhi, as well as Dongzheng Capital under Dongfang Securities, an existing shareholder, Wuxi Venture Capital Group, and other institutions have participated in the follow-on investment. This financing will be used for the company to further expand its production capacity, improve the level of automation to meet customer needs. At the same time, the company will continue to make progress around the underlying technical architecture of the harmonic reducer. Previously, the company has received investments from institutions such as Xiaomi and Jinyi Capital.
"Yuanshi Intelligence RWKV" Completes Angel Round Financing of Tens of Millions of RMB
36Kr has learned that the large model architecture innovation company "Yuanshi Intelligence RWKV" completed an angel round financing of tens of millions of RMB in December. The investor is Tianji Capital. After this round of financing, the company's valuation has doubled compared to the previous seed round, and this round of financing will mainly be used for team expansion, new architecture iteration, and commercialization of products.
Cool Products
Nvidia's Latest AR Glasses Patent Exposed
The official website of the United States Patent and Trademark Office shows that Nvidia has disclosed an AR glasses patent (US20250004275A1), named "Backlight-Free Augmented Reality Digital Holography Technology". (Cailian Press)
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