8:01 AM | Haidilao Responds to Recruiting Delivery Staff with a 211 or 985 Degree; "Duolingo" Announces the Death of the Owl DUO; The Market Value of the Producer of "Ne Zha 2" Surpasses 70.7 Billion.
Listing in Progress
Guming Holdings Limited
36Kr learned that on February 12, 2025, Guming Holdings Limited was listed on the Hong Kong Stock Exchange. In its prospectus, Guming Holdings Limited stated that the proceeds are expected to be used to continue to enhance the digitization of business management and store operations; strengthen supply chain capabilities and improve supply chain management efficiency; strengthen brand building and consumer connections; continuously implement a regional encryption strategy, strengthen support for franchisees, and further establish a close franchisee group; and enhance product research and development capabilities, etc.
TOP 3 Big News
Haidilao Responds to Hiring Delivery Staff with 211 or 985 Degrees: Starting from Grassroots Positions
Recently, an advertisement on social media that Haidilao is recruiting college students from 985/211 universities as delivery staff has sparked heated discussions. On February 11, the official recruitment customer service of Haidilao told Jiupai News that in fact, they receive resumes from graduates of Double First Class universities and even 985/211 universities every year. However, regardless of whether they are applying for the delivery staff position or other positions, "there is an exclusive talent training program". At the same time, the above-mentioned customer service stated that for highly educated talents, the company will set up a clear promotion channel or exclusive positions, such as the management trainee position in Haidilao. (Jiupai News)
"Duolingo" Announces the Death of Owl DUO as Part of Brand Marketing
On the late night of February 11, the language learning app "Duolingo", founded in the United States, announced on its official Twitter account that its mascot, the owl DUO, has passed away. Duolingo released a statement in a serious black-on-white format: "We bid farewell to Duo with a heavy heart." The statement reveals that the cause of the owl's death is still under investigation, and it also jokes that "It might have died while waiting for you to log in and study." Considering the humorous and crazy image that Duolingo has previously created on social media, the "death" of DUO is likely to be part of its brand marketing, generating a great deal of attention on the Internet. (Yangcheng Evening News)
The market value of the producer of "Ne Zha 2" exceeds 70.7 billion yuan: In the nearly 6 trading days, the stock price of Enlight Media has accumulated a rise of approximately 153%
On the morning of February 12, according to the data of the online platform, the total box office (including preview and pre-sale) of the movie "Ne Zha: Birth of the Demon Child 2" has exceeded 9.2 billion yuan. The popularity of "Ne Zha 2" has also led to the stock price of Enlight Media, the producer, reaching new highs repeatedly. When the A-share market opened on February 12, Enlight Media rose sharply again. By 12:51 on February 12, it had reached a 20% daily limit, and its market value exceeded 70.7 billion yuan. In the nearly 6 trading days, the stock price of Enlight Media has accumulated a rise of approximately 153%, and the market value has increased by more than 42.8 billion yuan. (National Business Daily)
Big Companies/Big Events
"Harry Potter" to be Settled in Shanghai Jinjiang Amusement Park, Expected to Open in 2027
36Kr has learned that Jinjiang International Group announced on February 12 that it has signed a joint venture framework agreement with Warner Bros. Discovery Global Experiences, a world-leading media and entertainment group, to jointly develop the Warner Bros. (Shanghai) Studio Tour - The Birth of "Harry Potter". The project is expected to open to the public in 2027, and this is also the first time that the Harry Potter Studio Tour has landed in China. Currently, the joint venture agreement and project launch are still in the regulatory approval stage.
Wahaha Responds to "Trademark Transfer": Transferred to Food Company, No Impact on Group Operations and Asset Stability
36Kr has learned that Hangzhou Wahaha Group has issued a statement on the transfer of the "Wahaha" series of trademarks: When the food company was established, the group company injected the "Wahaha" series of trademarks as capital into the food company. The "Wahaha" series of trademarks were also included as intangible assets under the physical capital contribution. At the same time, some trademarks were purchased by the food company from the group company in the form of asset transfer. Accordingly, the food company obtained the ownership of the "Wahaha" series of trademarks, and the group company obtained a 39% stake in the food company. Both parties submitted a trademark transfer application to the competent authority as required. During the period when the "Wahaha" series of trademarks were registered under the name of the group company, the food company, as the actual rights holder of the trademarks, has been using them for its own use for a long time and has continuously authorized the group company and its affiliates to use the "Wahaha" series of trademarks.
The humanoid robot of Unitree Technology has been removed from JD.com
The humanoid intelligent robot G1 of Unitree Technology was once listed on JD.com at a price of 99,000 yuan per unit, with an expected delivery time of 45 days. Currently, this product has been removed from the JD.com platform. The product page shows that the humanoid robot model is G1-001, and its application scenarios are for entertainment and companionship, with a battery life of 2 - 4 hours. A G1 weighs about 35 kilograms, is 127 centimeters tall, has a 3-finger force-controlled dexterous hand, 23 to 43 joint motors, and is equipped with a 3D LiDAR, etc. Currently, the warranty period of the G1 product is 8 months. The customer service stated that this product was launched on the platform on February 11, and said that it is no longer sold to individuals. You can call the official phone number of Unitree Technology to contact the sales staff. (Caixin News Agency)
The central bank conducts a 7-day reverse repo operation of 558 billion yuan on February 12.
36Kr learned that according to the announcement of the central bank, in order to maintain abundant liquidity in the banking system, on February 12, 2025, the People's Bank of China carried out a reverse repo operation of 558 billion yuan by means of fixed interest rate and quantity bidding. The maturity is 7 days, and the operating interest rate is 1.50%.
Where to Go: Search Popularity for Lantern Festival Fair Soars, Airline Tickets Drop by 30% After the Festival
36Kr learned that on February 12, according to the big data of Qunar, as of February 12, the search popularity for the "Lantern Festival Fair" on the Lantern Festival has doubled compared with the previous day. The number of tickets for the scenic spots with the theme of the lantern festival has increased by 20% compared with last year. Zigong in Sichuan, Guangzhou and Shenzhen in Guangdong, Wuhan in Hubei, Quanzhou in Fujian, Hangzhou in Zhejiang, Suzhou in Jiangsu, as well as Shanghai and Tianjin and other cities have held lively lantern viewing and garden visiting activities, and the hotel reservation volume has also increased by more than 10% compared with the same period last year. After the Lantern Festival, students are also about to embark on their journey back to school. The data shows that the price of airline tickets after the festival has dropped by 30% compared with the Spring Festival period.
SMIC's Zhao Haijun: Will not take the initiative to lower prices, but will face price competition when necessary
On February 12, at the earnings presentation for the fourth quarter of 2024, Zhao Haijun, co-CEO of SMIC, when discussing the outlook for 2025, said that localized production has brought more market demand, but homogeneous competition has made structurally excessive production capacity still face fierce competition even when the market is recovering. The company enhances its core competitiveness and binds customers by creating leading technologies, and combats price pressure by adding new products. The company maintains its consistent pricing strategy, following the market trend, and does not take the initiative to lower prices, but will also face price competition with strategic customers when necessary to maintain the company's market share and competitive advantage in various fields. (Securities Times)
The Ministry of Agriculture and Rural Affairs: The average price of pork in national agricultural product wholesale markets decreased by 0.6% compared to February 11.
According to the monitoring of the Ministry of Agriculture and Rural Affairs, on February 12, the "Agricultural Product Wholesale Price Index 200" was 123.74, a decrease of 0.24 points compared to February 11. The "Vegetable Basket" Product Wholesale Price Index was 125.43, a decrease of 0.28 points compared to February 11. As of 14:00 on February 12, the average price of pork in national agricultural product wholesale markets was 22.16 yuan per kilogram, a decrease of 0.6% compared to February 11. (Securities Times)
The net worth of Wang Changtian, the chairman and actual controller of Enlight Media, has increased by 13.8 billion yuan in 6 days.
As of the noon close on February 12, the share price of Enlight Media was 22.78 yuan, up by 13.33%, with a total market value of 66.828 billion yuan. It has increased by nearly 39 billion yuan in less than 6 trading days after the Spring Festival. Its chairman and actual controller Wang Changtian indirectly holds 35.53% of the shares, and his net worth has increased by 13.8 billion yuan. In addition, Wang Changtian's wife Du Yinglian, sister Wang Jian, and brother Wang Hongtian directly or indirectly hold 3.5%, 2.88%, and 0.83% of the shares respectively.
Enlight Media urgently issued an announcement on the severe abnormal fluctuations in stock price trading on the evening of the 11th. The announcement stated that the closing price of the company's stock has deviated by more than 30% from the cumulative increase in the closing price within two consecutive trading days (from February 10, 2025 to February 11, 2025). According to the relevant regulations of the Shenzhen Stock Exchange, this is a case of abnormal fluctuations in stock trading. At the same time, the closing price of the company's stock has deviated by more than 100% from the cumulative increase in the closing price within five consecutive trading days (from February 5, 2025 to February 11, 2025). According to the relevant regulations of the Shenzhen Stock Exchange, this is a case of severe abnormal fluctuations in stock trading. (Daily Economic News)
Apple Suppliers Reportedly Consider Producing iPhones in Indonesia
On February 12, sources familiar with the matter said that Apple suppliers are considering manufacturing iPhones in Indonesia and are taking relevant measures. If it eventually materializes, it will mark the first time that Apple produces iPhones in a Southeast Asian country. Apple is seeking to reach an agreement with the Indonesian government on an investment plan, hoping to lift the sales ban on iPhone 16 in the country. (Jiemian News)
ABC "Bikini Sleep Shorts for Periods" Causes Controversy and Is Removed from Shelves
On February 6, ABC released a new sanitary napkin product called "Bikini Sleep Shorts for Periods", which sparked heated discussions. Some netizens believe that this product sacrifices comfort for the sake of "sexy during menstruation", and the bikini style also raises suspicions of cutting corners, and they have boycotted it. Currently, in the ABC brand flagship store, the "Bikini Period Shorts" have been removed from the shelves. Currently, the panty series products on sale include "Light Feather Worry-Free Pants", "Sleeping Curve Pants", "Worry-Free Pants", etc. Among them, the Light Feather Worry-Free Pants, which focuses on a lightweight texture, has the highest sales. The page shows that more than 9,000 units have been sold, and the price is 59.9 yuan.
The Tianyancha App shows that the ABC-related company, Guangdong Jingxing Health Care Industry Co., Ltd., was established in November 2009. Intellectual property information shows that the company holds more than 40 patents related to "sanitary napkins". Currently, many of the patents applied for by this company have been rejected, including "A Sanitary Napkin for Relieving Dysmenorrhea" and "A Preparation Method and Its Application of a Silk Fibroin Beauty Skin Hygiene Wet Wipe Additive Solution", etc. (Jimu News)
Fears of UK recession intensify, economy expected to shrink in the fourth quarter
The UK economy is likely to have contracted in the fourth quarter of last year, putting it once again on the brink of recession and adding more pressure on Chancellor Rachel Reeves and her promise to boost economic growth. Economists believe that due to the impact of Reeves' tax-increasing budget, GDP in the fourth quarter may have declined by 0.1%, after the economy stagnated in the third quarter. Surveys suggest a slow start to 2025, and according to the Bank of England's estimate, there is a 40% chance that the UK has fallen into a technical recession - a contraction for two consecutive quarters - or is in its second recession in less than a year and a bit. (Sina Finance)
Faraday Future Plans to Establish an Office in New York
Faraday Future announced that it plans to set up an office in the New York metropolitan area to enhance interaction with the investment community. (Jiemian News)
Twitter agrees to pay $10 million to settle the lawsuit filed by Trump
According to people familiar with the matter, Musk's X Corporation (formerly known as Twitter) has agreed to pay approximately $10 million to settle the lawsuit filed by Trump against the company and its former CEO. This will make X Corporation the second social media to reach a settlement with Trump. (Sina Finance)
Google CEO: "Useful" Quantum Computers Will Emerge in 5 - 10 Years
Google CEO Sundar Pichai said at the World Government Summit in Dubai on February 12 that a "practically useful" quantum computer will take another five to ten years. "The quantum moment reminds me of the AI of the 2010s, when we were developing Google Brain and making early progress," Pichai said. (Jiemian News)
The Forefront of AI
The ByteDance Doubao Large Model Team proposes a sparse model architecture, with the inference cost potentially reduced by up to 83%.
36Kr has learned that, according to the Doubao Large Model Team, the ByteDance Doubao Large Model Foundation Team recently proposed UltraMem, a sparse model architecture that also decouples computation and parameters, solving the memory access problem during inference while ensuring the model's effectiveness. It is reported that this architecture effectively addresses the high memory access problem during MoE inference, increasing the inference speed by 2 - 6 times compared to the MoE architecture, and the inference cost can be reduced by up to 83%.
Investment and Financing
"Klook" Completes $100 Million New Round of Financing, the First Large Financing in the Tourism Industry in 2025
36Kr has learned that the travel experience platform "Klook" has recently completed a new round of financing of $100 million (approximately 720 million RMB), led by Vitruvian Partners. This round of financing will be used for the next stage of growth and innovation, including enhancing the customer experience, merchant operational efficiency, and internal production efficiency through the deepening application of AI technology, as well as working with tourism bureaus in various parts of the Asia-Pacific region to create more community value, etc.
"Hongcheng Innovation" Receives Additional Investment in Series B+ Financing
36Kr has learned that recently, Beijing Hongcheng Innovation Technology Co., Ltd. announced that it has successfully received additional investment in the Series B+ financing, which is invested by the state-owned fund Shandong Cultural Development Investment Fund. The funds from this round of financing will be mainly used to strengthen the company's core technology R & D capabilities, continuously increase investment in the field of biosafety digital and intelligent management, promote the further implementation of products nationwide, and at the same time facilitate the commercial application and promotion of products and technologies in the global market. Previously, Hongcheng Innovation has received a RMB 100 million Series B+ investment led by Yizhuang Guotou and Yunzhou Capital. Up to now, the post-investment valuation of Hongcheng Innovation has reached RMB 1 billion.
Cool Products
Samsung Galaxy S25 Debuts as New Product on Tmall
36Kr has learned that at the new product launch of Samsung Electronics, the Chinese version of the Galaxy S25 series was officially launched, including three products: Galaxy S25 Ultra, Galaxy S25+, and Galaxy S25. It is understood that the new products will be fully available on Tmall's national subsidy at 17:00 on February 11.
Big Events of Kr
The short-video column "Big Events of Kr" vividly interprets major events in the business world. Behind the "Free" Adoption Center, is it public welfare or something fishy?
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