8:01 AM | The founder of DeepSeek may enter the global rich list; "Ne Zha 2" overseas movie tickets at 460 yuan were sold out instantly; There is no basis for the international gold price to stop rising.
Going Public in Progress
Contemporary Amperex Technology Co. Limited
36Kr has learned that according to the documents of the Hong Kong Stock Exchange, Contemporary Amperex Technology Co. Limited has officially submitted an application to the Hong Kong Stock Exchange for the issuance of foreign shares for listing overseas (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The funds raised from this Hong Kong stock listing will be mainly used for overseas capacity expansion, international business expansion, and the supplementation of overseas working capital, providing financial support for the company's long-term internationalization strategy.
Mixue Bingcheng
According to a report by Reuters citing informed sources, Mixue Bingcheng will start the book-building for its Hong Kong initial public offering (IPO) before the end of February, planning to raise approximately $500 million. Mixue Bingcheng declined to comment to Reuters. (Sina Finance)
TOP 3 Big News
The founder of DeepSeek may enter the global rich list, with a net worth possibly surpassing that of Nvidia's founder, Jensen Huang.
It is reported that recently, DeepSeek has attracted global attention, and its founder, Liang Wenfeng, may enter the global rich list. According to an in-depth survey of 7 startup founders and AI experts, the valuation range of this AI enterprise is estimated to be between 1 billion and 150 billion US dollars. This huge valuation range has not only sparked widespread discussions in the industry.
Chanakya Ramdev, the founder of the Canadian telecommunications company Sweat Free Telecom, believes that the valuation of DeepSeek is entirely possible to reach half of OpenAI (currently valued at approximately 300 billion US dollars), that is, 150 billion US dollars. Under this assumption, Liang Wenfeng's net worth will be as high as 126 billion US dollars. This figure not only far exceeds many tech industry leaders but also surpasses the net worth of Nvidia's founder, Jensen Huang. (Financial World, Bloomberg)
"Ne Zha 2" Overseas: 460 Yuan Movie Tickets in Australia Sold Out Instantly, British and French Netizens Plan to Go to Greece for the Movie
On February 8 local time, "Ne Zha 2" premiered in the United States, attracting a large number of "Ne Zha" fans and many film industry professionals from both China and the United States. The film's distributor, China Lion Film Distribution, said, "The presale sessions are extremely popular, with an occupancy rate of over 90%. Many popular sessions have been sold out, and it's hard to get a ticket." It is reported that "Ne Zha 2" will start special format preview screenings in North America from February 12 and officially be released on February 14. The online ticket sales seat maps of several cinemas show that the advance preview screenings of "Ne Zha 2" and the popular sessions on the official release date have been sold out.
In Australia, the presale of the preview screenings of "Ne Zha 2" is far more popular than expected. According to a local Chinese, the IMAX lounge tickets in the Sydney city center, which cost as high as 65 US dollars (about 460 yuan in RMB), were also quickly sold out. Since there are no screening plans in Western European countries such as Britain and France for the moment, netizens even spontaneously "formed groups" and planned to go to Greece specially for the movie. (CCTV News)
There is no basis for the international gold price to stop rising, and small-weight gold jewelry becomes the mainstream in the market
Recently, the international gold price has repeatedly hit new highs. Data from the World Gold Council shows that the rising gold price has limited the enthusiasm for gold jewelry consumption. In 2024, the annual global consumption of gold jewelry decreased by 11%, but the consumption amount of gold jewelry increased by 9%.
Michelle Schneider, a strategist at an American consulting firm, said that whether from a technical or fundamental perspective, there is currently no obvious basis to indicate that the gold price will stop rising. As for whether its upward speed will slow down, further observation is still needed.
In the Chinese gold jewelry consumption market, compared with before, a salesperson told reporters that there is another obvious change that large-weight gold jewelry is not selling well, and small-weight, especially gold jewelry of about one gram, has become the mainstream in the market, attracting a large number of young consumers to purchase. (CCTV News, Elephant News)
Big Companies/Big Events
Huawei and SAIC's Cooperation Finalized, Hongmeng Zhixing to Launch Fifth Brand
36Kr has learned from multiple industry insiders that the cooperation model between Huawei and SAIC has been determined to use the Intelligent Vehicle Selection model. Judging from the trademark registered by SAIC, the brand name is initially "Shangjie". Different from the original four brands of Hongmeng Zhixing, Shangjie is targeted at a younger market. Sources revealed, "The vehicle price will start from 170,000 yuan, 180,000 yuan, and reach around 250,000 yuan." The newly established "Shangjie", although focused on the younger market, will not be too low-priced and will also be maintained in the medium and high-end price market.
More than ten cinemas had their "Ne Zha 2" screening keys suspended for box office theft: It is the cinemas that suffer heavy losses, not the filmmakers
Recently, a Douban user posted that "The screening keys of 300 cinemas for 'Ne Zha' have been suspended due to box office theft, resulting in a loss of tens of millions of yuan." Subsequently, this rumor sparked widespread discussion. In response, the person concerned told reporters that this rumor was an exaggeration and misinterpretation of their original meaning by netizens. "In fact, dozens of cinemas were indeed found by the filmmakers to have stolen the box office of 'Ne Zha: Birth of the Demon Child 2'. After that, their screening keys were suspended. However, it is these cinemas that can no longer screen 'Ne Zha 2' that suffer heavy losses, while the filmmakers' box office revenue has not suffered much loss."
Regarding this matter, a staff member of the China Film Distribution and Exhibition Association told reporters that it is not convenient to disclose the specific data on the box office theft of the film. A staff member of Enlight Media also responded to reporters, saying, "There should not be such a large box office loss." (Jiupai News)
Many banks have removed or suspended US dollar deposits, and some fixed deposit interest rates have been lowered from 4% to 2%
Recently, many depositors have received notifications about the reduction of the interest rate for US dollar fixed deposits. According to the reporter's understanding, Bank of Hangzhou and Bank of Jiangsu have currently removed or suspended US dollar fixed deposit products. Some other banks have "quietly" completed the interest rate reduction for US dollar fixed deposit products, with the interest rate for US dollar fixed deposits in some banks being lowered from above 4% to 2%. After this round of reduction, the "high ground" of US dollar deposit interest rates in domestic banks has further disappeared. Industry insiders told the reporter that as the Federal Reserve cuts interest rates and the US dollar interest rate falls, banks have accordingly lowered the interest rate on US dollar deposits in order to reduce their own liability costs. For ordinary investors, when considering whether to choose US dollar deposits, they need to comprehensively weigh the multiple impacts of interest rate fluctuations, exchange rate risks, and inflation on the actual returns of US dollar deposits. (Yicai)
The box office of the movie "Ne Zha: The Devil Child Causes Havoc in the Sea" exceeds 9 billion yuan
36Kr learned that according to the real-time data of Dengta Professional Edition, as of 0:00 on February 12, the box office of the film "Ne Zha: The Devil Child Causes Havoc in the Sea" has exceeded 9 billion yuan.
One gram of gold in a gold-plated silver necklace is priced at 1900 yuan, and the salesperson claims that recycling it would result in a loss of half the value.
Recently, against the backdrop of the soaring gold price, the "gold-plated silver" with a price only one-tenth of that of pure gold products has attracted widespread attention. However, the seemingly lower-priced "gold-plated silver" products have a nearly half proportion of the manual processing fee. Roughly calculated, the price per gram of gold is also as high as over a thousand yuan. A reporter visited an offline store mainly selling "gold-plated silver" products and found that a necklace priced at 2499 yuan has a total weight of 14.5 grams, with a marked gold weight of 1.2 grams and a silver weight of 13.3 grams. On the 11th, the price of pure silver is about 10 yuan per gram. Calculated in this way, the price per gram of gold in the above-mentioned necklace is as high as more than 1900 yuan.
The salesperson explained, "Calculated by the total gram number, it is only more than 100 yuan per gram, and this necklace has a complex craftsmanship, and the manual processing fee is more than 1000 yuan." Regarding the recycling of "gold-plated silver", the above-mentioned salesperson directly stated, "Our store can recycle it. If you buy it today and sell it today, you will lose half of the money." (Beijing Business Today)
Jack Ma Wears Alibaba Cotton Vest and Appears in Alibaba Park
It is reported that on February 11, Jack Ma, the founder of Alibaba, once again appeared in the Alibaba Park in Hangzhou, attracting market attention. Several netizens posted pictures saying that Jack Ma, the founder of Alibaba, appeared in Area A of the Alibaba Park in Hangzhou. He was wearing a black cotton vest with the Alibaba Group logo, smiling throughout and waving to the employees. (Finance World)
Robin Li: Autonomous driving is ten times safer than human driving, and the accident rate of RoboRide is only one fourteenth of that of human drivers
36Kr has learned that "The technological progress is very fast, and autonomous driving is ten times safer than human drivers." On February 11, the "World Governments Summit 2025" opened in Dubai, the United Arab Emirates. When Robin Li, the founder of Baidu, had a conversation with Omar Sultan AI Olama, the UAE Minister of AI, at the main forum, he said that Robotaxi can greatly reduce the mortality rate of traffic accidents. According to the actual records of RoboRide, the accident rate is only 1/14 of that of human drivers.
Ele.me's New Year Organizational Adjustment: Wu Zeming Also Serves as CEO
36Kr has learned that on February 11, Ele.me Chairman Wu Zeming (nickname: Fan Yu) announced the latest organizational adjustment of Ele.me through a company-wide letter. As of now, Wu Zeming will also serve as the CEO of Ele.me, and Han Liu (nickname: Hao Chen) will focus on managing the Instant Logistics Center and continue to report to Wu Zeming. Wu Zeming stated in the internal letter that considering the strategic significance of instant logistics as the second growth curve of Ele.me continues to rise, this management division adjustment is made. Wu Zeming said that in the future, the Ele.me class committee and team will continue to firmly implement the business and organizational strategies set in the "New Three Years", continue to adhere to the customer-centered approach, "promote technological innovation and progress with the ecosystem", improve various product and service capabilities, further gain user recognition, and take the company's operating level to a new level.
The person in charge of Goldman Sachs' China credit trading is said to be leaving and plans to join another company in a few months
According to people familiar with the matter, Deyue Hu, who is in charge of Goldman Sachs' China credit trading business, will leave to join another company. People familiar with the matter, who declined to be named because the matter is not public, said that Hu informed the company on February 10 and may start a new job in a few months. Hu joined Goldman Sachs in 2020. According to his LinkedIn page, before becoming Goldman Sachs' China credit trading director, he worked at Mizuho Securities Asia and Industrial and Commercial Bank of China. (Sina Finance)
Ministry of Commerce: Increasing the number of silver-haired tourism trains will not occupy the peak passenger transport periods such as the Spring Festival travel rush
On February 11, Kong Dejun, Director of the Trade in Services and Commercial Services Department of the Ministry of Commerce, emphasized at a special press conference that increasing the number of silver-haired tourism trains will not occupy the peak passenger transport periods such as the Spring Festival travel rush. Kong Dejun said that the travel time of the elderly group is relatively abundant and the arrangement is more flexible. This is the characteristic of increasing the number of silver-haired tourism trains, making full use of the non-peak passenger transport periods to provide more and better travel services. (Securities Times)
The First Prescription of Shanghai's Self-developed GLP-1 Diabetes New Drug Issued, Potentially Challenging Semaglutide
The Chinese biopharmaceutical industry may usher in a "DeepSeek" moment. An innovative diabetes treatment drug independently developed by a Chinese biopharmaceutical company has been officially approved for marketing. It is reported that this is the first self-developed human-source ultra-long-acting GLP-1RA drug in Asia. With its fast onset, strong and lasting efficacy, longer half-life, and good safety, after its launch, this drug may challenge the leading position of imported drugs such as Semaglutide. On February 8, it was learned from Shanghai InnoPharm Biomedical Co., Ltd. that the company's first-class innovative drug Yinolight (generic name: Isupaglutide α) has officially been approved for marketing by the National Medical Products Administration. On February 11, the first national prescriptions were issued at Shanghai Sixth People's Hospital and Nanjing Drum Tower Hospital. (The Paper)
Apple Applies for Patent to Solve Headset Weight Problem, May Use External Processor and Related Components
It is reported that Apple has recently submitted a new patent application. This patent describes in detail a possible lightweight solution aimed at reducing the weight of the Vision Pro headset without sacrificing its performance and functionality.
According to the newly published patent documents, Apple plans to reduce the weight of the headset by placing the processor and related components externally, similar to its current external battery design. The patent documents also mention that the uneven weight distribution of the Vision Pro, especially the weight concentrated in front of the user's face, can have a negative impact on the user experience. Therefore, Apple needs to develop a lightweight and high-performance HMD component. In addition, Apple also acknowledges the heat dissipation problem of the device and states that more efficient heat dissipation is required. (IT Home)
The first Esports Olympics will be held in Riyadh, Saudi Arabia in 2027.
The International Olympic Committee announced on the 11th that the first Esports Olympics will be held in Riyadh, Saudi Arabia in 2027. (Xinhua News Agency)
Meta Initiates Global Layoff Plan of 5%
Meta, the parent company of Facebook, will notify the affected employees in most countries from the morning of February 10 local time to implement its previously announced plan to lay off about 5% of its workforce, involving about 3,700 people. Janelle Gale, Meta's head of human resources, said the layoffs will be carried out in different regions within a few days, and US employees will be the first to receive the notice. (Jiemian News)
Switch 2 Allegedly Priced at Approximately $399 (Approximately ¥2550)
Recently, the gaming media nintendowire published a blog post reporting that the estimated price of the Nintendo Switch 2 handheld game console is $399 (currently approximately ¥2916). An individual claiming to be an employee of Canadian Costco posted on the Famiboards forum, sharing photos of the internal product list and in-store price tags. The tag shows "Nintendo Switch Place Holder", and the price indicated on the tag is CAD 499.99 (currently approximately ¥2550).
The price of the Switch in the United States is $299, and the OLED version is $349. If the leaked information is true, the price of Switch 2 may be $399. Many analysts and industry insiders previously predicted that the pricing of Switch 2 would be around $399. Nintendo once stated at an investor meeting that it will "consider the affordable price for consumers of Nintendo products". (IT House)
Tencent Video Wins Lawsuit in US Court and Receives Compensation of 616 Million Yuan
On February 7 local time, the Western District Court of Texas, USA, ruled in favor of Tencent in a lawsuit filed by the company against a TV box company, its affiliated companies, and downstream US distributors for copyright infringement of TV dramas and movies. The local court found that the defendants committed direct, contributory, and indirect copyright infringement, issued a permanent injunction against them, and ordered the defendants to compensate Tencent more than 84.75 million US dollars (approximately 616 million yuan). After reviewing the relevant facts and applying the law, the court determined that the defendants committed acts such as direct copyright infringement, inducing and materially contributing to copyright infringement, and indirect copyright infringement. (Yicai)
Von der Leyen: The EU will take countermeasures against the US's imposition of tariffs
The President of the European Commission, Ursula von der Leyen, stated on February 11 that she deeply regrets the US decision to impose tariffs on European steel and aluminum exports. Von der Leyen said that the EU will not remain indifferent to unjustified tariffs, which will trigger firm and proportionate countermeasures. The EU will take action to safeguard its economic interests and protect workers, businesses, and consumers. On the 10th local time, US President Trump signed an executive order announcing a 25% tariff on all steel and aluminum imported into the United States. (Jiemian News)
French Regulatory Agency Reportedly Investigates Microsoft, Focusing on Potential Monopoly Issues of Bing
Insiders said that the French antitrust agency is investigating Microsoft, focusing on whether the latter unfairly imposes poor-quality search results on small search engines that rely on Bing technology. The investigation by the French regulatory agency may lead to formal charges, and Microsoft may be fined in the future. (Caixin)
The Forefront of AI
Apple and Alibaba to collaborate on developing AI features for iPhones in China as one of the strategies to counter the sales decline
Feb 11th, Cailian Press. Apple and Alibaba will collaborate to develop AI features for iPhone users in China. Insiders revealed that this move is one of Apple's strategies to address the decline in sales in China, aiming to provide more attractive software features. Insiders said that Apple has been testing different AI models from well-known Chinese AI developers since 2023 and chose Baidu as the main partner last year. Insiders claimed that Apple began considering other options in recent months, evaluating the models developed by Tencent, ByteDance, Alibaba, and Deepseek. (Cailian Press)
Altman claims that DeepSeek is comparable to ChatGPT and plans to meet with DeepSeek
Recently, Sam Altman, the CEO of OpenAI, publicly acknowledged in a podcast that DeepSeek has made significant achievements in creating chatbots, and its technical level can be comparable to OpenAI's ChatGPT. He has publicly stated that he plans to meet with DeepSeek, but this meeting will not take place during the AI for Good Summit in Paris this week. It is reported that this summit is regarded as an important event in the global AI field.
Behind Altman's recognition is DeepSeek's overtaking by implementing the "algorithm innovation + open source strategy", which has raised questions about the dominant position of US AI companies in the market. This has led to a plunge in US technology stocks, with companies like NVIDIA experiencing a significant reduction in market value. Market analysis suggests that the success of DeepSeek challenges the industry's traditional perception of AI research and development costs and technical paths. (Financial World)
AI Has Evolved to Be Able to Independently Self-replicate, Scientists Say This Is an Early Signal of the Emergence of Rogue AI
It is reported that recently, scientists have tested Meta's Llama and Alibaba's Tongyi Model. The results show that even if these models are aware that they are being shut down or prohibited from replicating, they can still create their own copies with a probability of 50% and 90% respectively. That is to say, AI can self-replicate to continue performing tasks.
This ability may cause humans to lose control over AI. AI can use this ability to improve its survival ability and do things that go against human interests. Scientists emphasize that this is an important step for AI to outsmart humans, and it is also an early signal of the emergence of rogue AI, which is one of the red-line risks of AI systems. Therefore, scientists call for strengthening international cooperation to formulate preventive measures. (Wisdom Technology Fan)
OpenAI CEO Says Hopes to Collaborate with China
On February 10 local time, American entrepreneur Elon Musk and other investors proposed to "bid $97.4 billion to acquire" the non-profit parent company of the OpenAI Research Institute in the United States, which he participated in founding. In response, on February 11, at the AI for Good Summit in Paris, France, OpenAI CEO Sam Altman once again emphasized that "the company is not for sale" and said that "if Musk is willing to talk", then he would "be happy to acquire Twitter (that is, the social media platform X)". Altman also said that "he is willing to collaborate with China in the field of artificial intelligence and will do his best for this, because it is very important." (CCTV International News)
Xiaomi Announces Artificial Intelligence Communication Patent
36Kr learned that the Tianyancha App shows that on February 11, the patent for "An Artificial Intelligence Communication Method, Device and Storage Medium" applied by Beijing Xiaomi Mobile Software Co., Ltd. was announced. The abstract shows that this disclosure is about an artificial intelligence communication method, device and storage medium. The artificial intelligence communication method includes: determining the first time, which is used to indicate the processing time of the AI task based on the AI model; based on the first time, performing AI communication processing based on the AI model. Through the determination of the first time, this disclosure realizes the determination of the time used for the communication processing based on the AI model.
Alibaba's Qwen large model enables Stanford and Berkeley to develop a low-cost DeepSeek alternative
36Kr learned that Alibaba's open-source Qwen 2.5 model facilitates low-cost AI training. Recently, researchers at Stanford University and the University of California, Berkeley, have successfully developed an AI inference model that costs less than $50 using this technology. Both Stanford's S1 inference model and Berkeley's TinyZero model are trained through Alibaba's Qwen 2.5 - 32b - Instruct model.
Big Company Financial Reports
UniCredit Bank's net profit in the fourth quarter was 1.97 billion euros, higher than expected
UniCredit Bank released its fourth-quarter results for 2024 on February 11. Its revenue in the fourth quarter was 6.00 billion euros, with an estimate of 5.87 billion euros; its net profit was 1.97 billion euros, with an estimate of 1.62 billion euros; it is expected that the revenue in 2025 will exceed 23.00 billion euros. (Jiemian News)
Coca-Cola's revenue in the fourth fiscal quarter was $11.5 billion, with a 6% year-on-year growth.
Coca-Cola announced its fourth-quarter financial results on February 11. Adjusted operating income was $11.5 billion, with a 6% year-on-year growth, and comparable earnings per share were $0.55, with a 12% year-on-year growth. (Jiemian News)
SMIC: Net profit in the fourth quarter of 2024 decreased by 13.5% year-on-year
36Kr learned that SMIC released a performance express report. The operating income in the fourth quarter of 2024 was 15.917 billion yuan, an increase of 31.0% year-on-year; the net profit attributable to shareholders of the listed company was 992 million yuan, a decrease of 13.5% year-on-year.
Investment and Financing
"Chaorui Technology" Completes Hundred-Million-Yuan Series A1 Financing
36Kr has learned that "Chaorui Technology", a domestic processor chip developer, has recently completed its Series A1 financing, with the amount reaching the hundred-million-yuan level. This round of financing is led by Hongtai Fund, with Longding Investment, Sanhe Capital and other institutions participating as co-investors, and Deepblue Capital serving as the exclusive financial advisor. This financing will be mainly used for the research and development and commercialization of high-performance CPU products.
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