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The procuratorial organs have filed a public prosecution in the case of "Transporting Edible Oil by Tanker Trucks".

TOP3 Big News

The procuratorial organs in Tianjin and Hebei have filed public prosecutions in the "Tanker Truck Transporting Edible Oil" case

On February 13, Du Xueyi, the director of the Economic Crime Prosecution Department of the Supreme People's Procuratorate, introduced during the "Efficiently Handling Each Case with High Quality and Continuously Promoting the Prosecutorial Practice of Xi Jinping's Thought on the Rule of Law" interview with the director of the Supreme People's Procuratorate that in 2024, the Supreme People's Procuratorate has increased the supervision and guidance of major and sensitive cases that endanger food and drug safety in accordance with the law. It guided Tianjin and Hebei in handling the "Tanker Truck Transporting Edible Oil" case, and actively negotiated with the Ministry of Public Security and the Supreme People's Court to form a meeting summary. Currently, public prosecutions have been filed in both places. It is reported that from January to November 2024, the procuratorial organs nationwide have prosecuted a total of 12,987 people for crimes related to food and drug safety, including 5,727 cases related to drug crimes and 7,260 cases related to food crimes. (Beijing Daily)

The first film with a box office of 10 billion yuan in Chinese film history has been born. At 19:00 on February 13, the box office of "Ne Zha 2" exceeded 10 billion yuan.

36Kr learned that according to the data of the online platform, the cumulative box office (including pre-sales) of "Ne Zha: The Devil Child Comes to the Sea" exceeded 10 billion yuan, making it the first film with a box office of 10 billion yuan in Chinese film history.

Alibaba will collaborate with Apple to develop the AI function of iPhone China version

On February 13th, at the World Governments Summit 2025 held in Dubai, United Arab Emirates, Alibaba co-founder and Chairman of the Board of Directors, Joe Tsai, responded to the rumors of Alibaba's cooperation with Apple. He stated that Apple needs a localized partner in China for their mobile phone services. Apple has been very picky, and they have talked with many companies in China. Eventually, they chose to do business with us. We are very fortunate and honored to be able to do business with such a great company as Apple. (Yicai Global)

Big Companies / Major Events

Banks have no ready stock of small-weight gold bars in bulk, and some bank branches start selling gold bars from 50 grams.

With the continuous rise in the gold price in the recent period, many people choose to buy gold bars as an investment commodity. The First Financial Journalist conducted an on-site investigation of offline bank branches and found that currently, there are basically no ready stocks of small-weight gold bars available for purchase at offline branches, and reservations or mailings are required. A customer manager told the reporter that the price of gold bars at their branch currently exceeds 690 yuan per gram, and previously there were small weights such as 10 grams and 20 grams, but recently the minimum weight for sale is 50 grams. (First Financial Daily)

Zongmu Technology, an intelligent driving company, has encountered a major problem: The company has had its power cut off and the building sealed.

"After 18:00 on February 8, the power will be cut off and the building will be sealed. Employees can enter the building accompanied by security guards within the above time to retrieve their personal belongings." A piece of news from Zongmu Technology, an intelligent driving company headquartered in Shanghai, has set off the first shock in the industry this year. Many Zongmu Technology employees reported to reporters that the development of the situation has now completely exceeded their control. "More than 700 employees of the company are owed wages, and social security and provident fund contributions have been suspended." "Colleagues who were just one month away from being able to settle in Beijing or Shanghai due to social security may have all their efforts in vain because of this."

In fact, the internal memo obtained by reporters from Zongmu Technology employees shows that on February 7, the relevant departments in Shanghai have organized a special seminar for Zongmu Technology and Can Cong Technology. The meeting results have initially confirmed the handling direction, and the materials will be sorted and summarized for submission, and a special project team will be established at the same time. (21 Finance and Economics)

Wang Jianlin's 77.028 million equity shares have been frozen

36Kr has learned that according to the legal litigation information on Tianyancha, recently, Dalian Hexing Investment Co., Ltd. has added a new equity freeze information. The person subject to enforcement is Wang Jianlin, and the amount of equity shares frozen is 77.028 million yuan. The enterprise whose equity is subject to enforcement is this company. The freezing period is from February 11, 2025 to February 10, 2027, and the enforcement court is the People's Court of Xigang District, Dalian. This company was established in April 2007, with Wang Jianlin as the legal representative and a registered capital of 78.6 million yuan. Its business scope includes project investment, investment consulting management, and economic information consulting. Wang Jianlin and Wang Sicong hold 98% and 2% of the shares respectively.

Tesla Offers Up to $6,000 Discount for Cybertruck Inventory in the US

Tesla is offering up to $6,000 discount for the Cybertruck inventory in the US, which is three times higher than the discount introduced last month. According to the company's website, the discount for the base series Cybertruck is up to $6,000, and the discount for the non-base series Cybertruck is up to $5,100. These offers are applicable to the new 2024 models. In January this year, Tesla only offered up to $2,000 discount for the non-base series Cybertruck. (Sina Finance)

The day student fees are nearly $50,000 per year, and the tuition fees of private schools in the US have reached a record high

The tuition fees of private schools in the US have reached a record high, and inflationary pressures have prompted schools to increase fees. According to the annual tuition fee report released by S&P Global on Wednesday, the average annual tuition fee for day schools has increased by about 7.4% to $49,284, and the tuition fee for boarding schools has increased by about 5.3% to $73,080. Based on the data of 53 private schools statistically analyzed by S&P, the tuition fee increase of day schools is at least the largest in the past ten years. (Sina Finance)

Apple is reportedly going to expand TV+ to Android phones in an effort to increase the number of users

According to people familiar with the matter, Apple is set to announce the first expansion of its TV+ streaming video service to Android phones. The people, who requested anonymity because the information is not public, said Apple is set to launch an Android app for TV+ as early as Wednesday. Apple TV+, which launched in 2019, has been used on Apple's own operating systems and third-party TV platforms such as Roku. This move marks a rare instance of Apple offering a service on rival Google's Android system. (Sina Finance)

US Astronauts Stranded in Space Finally Have a Return Date, Returning to Earth Two Weeks Ahead of Schedule

Two US astronauts, who have been stranded at the International Space Station since last year due to a malfunction of Boeing's Starliner spacecraft, have recently finally received definite news of their return home. According to CBS, NASA has officially announced their return date, which is two weeks earlier than the original plan.

According to NASA's latest arrangement, these two astronauts will return to Earth with the other two members on the space station during the period of approximately March 19 to 20. This change means that their stay in space will be shortened by about two weeks. (Observer.com)

Kong Fuli Officially Takes Over Wahaha Food Company

Tianyancha shows that on February 10, Hangzhou Wahaha Food Co., Ltd. underwent industrial and commercial changes. Zong Qinghou stepped down as the legal representative and chairman, and Kong Fuli succeeded as the legal representative and served as a director and manager. At the same time, many key personnel have also changed. The company was established in October 1992, with a registered capital of approximately 242 million RMB, and its business scope is food sales.

On February 12, Hangzhou Wahaha Group issued a statement on the transfer of the "Wahaha" series of trademarks, stating that a total of 387 "Wahaha" series of trademarks are being applied by Hangzhou Wahaha Group Co., Ltd. to the National Intellectual Property Administration to be transferred to Hangzhou Wahaha Food Co., Ltd. (Eastmoney.com)

Train tickets with 80% off for the return journey of the Spring Festival travel rush. 12306 responds: Adjusted according to passenger flow

On February 11, the reporter noticed that the "heavily discounted train tickets for the return journey of the Spring Festival travel rush have reappeared". Many regular-speed train hard-seat tickets are discounted by 80% and 91%. For short distances, the price is as low as a subway ticket, and even a 1.2-fold discount ticket with a price of 1 yuan is available. The "heavily discounted tickets" found by the reporter only appear once a day on the corresponding routes. Some are sold out, while others are not in high demand.

On February 11, a reporter from Red Star News called the 12306 customer service as a passenger. The customer service stated that the ticket prices will be adjusted according to the passenger flow during holidays, which is a normal discount. The discount on train tickets during the Spring Festival travel rush can be traced back to 2019. It mainly implements preferential ticket prices for some passenger trains in non-busy periods and directions. (Red Star News)

The Central Bank: Increase the revitalization of existing commercial housing and existing land to promote the stabilization and recovery of the real estate market

36Kr has learned that the Central Bank has released the China Monetary Policy Implementation Report for the fourth quarter of 2024. In the next stage, efforts will be made to increase support for the trade-in of consumer goods, provide financial services in key consumption areas, and continuously stimulate consumption vitality. Focus on promoting the implementation and effectiveness of the already issued financial policies and measures, increase the revitalization of existing commercial housing and existing land, promote the stabilization and recovery of the real estate market, improve the basic financial system of the real estate industry, and help build a new model for the development of the real estate market.

Nissan, Honda and Mitsubishi Motors Terminate the Memorandum of Understanding on Exploring the Possibility of Business Integration

On February 13 local time, Nissan, Honda and Mitsubishi Motors agreed to terminate the Memorandum of Understanding on exploring the possibility of business integration, as Honda and Nissan have officially canceled the merger negotiations. In the future, the three companies will cooperate within the framework of a strategic partnership for intelligent and electric vehicle. This framework is based on the Memorandum of Understanding signed by the three parties on August 1 last year, aiming to maximize the corporate value of each company. (Jiemian News)

Nestlé's 2024 Sales Growth Hits Lowest in Over 20 Years

Affected by the pullback in consumer spending after years of high inflation, Nestlé reported its weakest annual organic sales growth in more than 20 years. The company said on Thursday that its organic sales increased by 2.2% in 2024, a significant slowdown from the 7.2% growth in 2023, and slightly better than the 2.1% analysts had expected. The company said its net profit declined by 2.9% to CHF 10.88 billion in 2024. Nestlé expects its underlying trading operating profit (UTOP) to reach 16% or higher in 2025, lower than the 17.2% in the previous year. (Sina Finance)

Lei Jun: Xiaomi Automobile Has Delivered 160,000 Vehicles

36Kr learned that Lei Jun, the founder of Xiaomi Group, said about the company's market value exceeding one trillion yuan that he will work hard, but in case the short-term stock price fluctuates, "Just don't scold me for the fluctuations." Lei Jun talked about the company's market value in the live broadcast on the Lantern Festival. He said that he has no control over it; he is very happy and excited when the stock price rises, but on the other hand, he is under great pressure. He mentioned in the live broadcast that Xiaomi Automobile has delivered 160,000 vehicles nationwide. Shanghai, Hangzhou, and Suzhou are the top three cities. It has delivered more than 20,000 vehicles per month for four consecutive months, and the production capacity has doubled compared to the designed capacity. He hopes that netizens and potential car owners will be more patient and ensure the quality before the delivery of the vehicles.

US Judge Temporarily Allows Continuation of "Buyout Program" for Federal Employees

On February 12 local time, Judge George A. O'Toole of the US District Court in Boston temporarily allowed the Trump administration to continue advancing its "buyout program" for federal employees. O'Toole stated that the federal employee union that filed the lawsuit on behalf of its members is not directly affected by the program and therefore has no right to bring this case. Previously, O'Toole had issued a temporary restraining order against the "buyout program". On February 11 local time, the White House said that US President Trump signed an executive order to reduce the number of federal government workers. On the same day, US President Trump also signed an executive order instructing government agencies to cooperate with the "Department of Government Efficiency" led by Musk to lay off government workers and restrict recruitment by various agencies, with the aim of reducing the size of the federal government. (CCTV News)

The Forefront of AI

Simultaneously Announce Full Free Access, OpenAI and Baidu Kick Off the "5.0 Competition" of Large Models

36Kr learned that on February 13, Baidu's ERNIE Bot announced on its official website that it will be fully free from 0:00 on April 1. All PC and APP users can experience the ERNIE series models, including the previously paid 4.0 series and the upcoming 5.0. At 3 a.m. on February 13, Beijing time, Sam Altman, the CEO of OpenAI, announced through social media that GPT-4.5/5 will be released soon. The free version of ChatGPT will be able to use GPT-5 for unlimited conversations under the standard intelligent settings. Industry insiders believe that the decline in training and reasoning costs driven by technological breakthroughs is the underlying reason for the free and open large models of AI in China and the United States. The "5.0 Competition" and full free access of OpenAI and Baidu are not only a contest of technical strength between China and the United States, but also conducive to further lowering the threshold for the use of AI.

The Year of AI Glasses Is Coming, and Large Models Accelerate Their Appearance to Lead Product Breakthroughs

As the battle in the smart glasses market intensifies, the industry consensus is that 2025 may become the year of AI glasses. Multi-modal large models, chip upgrades, and optical technology optimizations have become powerful boosters for the technological development of AI glasses. Consumers' pursuit of convenience and efficiency, and the market vitality brought by the competition among giants, have jointly ignited the dual engines of demand and competition in the AI glasses market, but the problem of product homogeneity follows closely. In this situation, only by relying on deeply customized models, innovative architectures to solve energy consumption and battery life problems, and optimizing the interaction experience can enterprises break through. Currently, the AI glasses market is in a critical period of rapid development. (Securities Times)

Investment and Financing

"Chao Weijing" Completes Over 100 Million Yuan Series B Financing

36Kr has learned that recently, "Chao Weijing", which is committed to the research and development of high-end biomedical equipment, announced the completion of over 100 million yuan in Series B financing. This round of financing is jointly led by FJ Capital Xingweilai Fund, Shenzhen Capital Group Social Security Fund and its own funds, and jointly invested by CIC Investment Co., Ltd. The funds raised will further assist the company in the innovative research and development of high-end scientific instruments and innovative medical devices, as well as the expansion of domestic and overseas markets, accelerating the company's global layout.

Big Company Financial Reports

Siemens' net profit in the first fiscal quarter was 3.9 billion euros, an increase of 52% year-on-year.

On February 13, Siemens released its first-quarter results for the fiscal year 2025 (ending December 31, 2024): Revenue increased by 3% on a comparable basis to 18.4 billion euros; New order intake was 20.1 billion euros, a year-on-year decrease of 8% on a comparable basis; The total profit of the Industrial Business reached 2.5 billion euros, a year-on-year decrease of 8%; Net profit increased by 52% year-on-year to 3.9 billion euros, mainly due to the 2.1 billion euros (after tax) gain from the sale of Imenza. (Jiemian News)

Nissan's net revenue in the third fiscal quarter was 3.159 trillion yen, and its operating profit was 31.1 billion yen

On February 13, Nissan announced its third-quarter results for the fiscal year 2024: For the three-month period ending December 31, the consolidated net revenue was 3.159 trillion yen, the consolidated operating profit was 31.1 billion yen, and the operating profit margin was 1.0%; the net loss was 14.1 billion yen. For the nine-month period ending December 31, the consolidated net revenue was 9.1432 trillion yen, the consolidated operating profit was 64 billion yen, and the operating profit margin was 0.7%; the net profit was 5.1 billion yen. Nissan announced a downward revision of its full-year outlook for the fiscal year 2024, expecting a net revenue of 12.5 trillion yen and an operating profit of 120 billion yen. Nissan expects a net loss of 80 billion yen for the fiscal year 2024. (Jiemian News)

Krypton Finance

With a box office of ten billion yuan achieved, how many county cinemas has "Ne Zha 2" saved?

Why Does iPhone Choose to Connect to Alibaba's Large Model?

On February 13, Joe Tsai confirmed that Alibaba and Apple are collaborating to develop AI functions for Chinese iPhone users. Why did iPhone abandon the recently popular DeepSeek and choose Alibaba's large model? What breakthroughs will this cooperation bring to AI applications? Can iPhone save its sales with AI? What profound impacts will it have on the future direction of the smart phone and AI industries?

At 19:00 on February 14 (this Friday), 36Kr has invited Zhang He, the host of Professional Talk on AI and the former head of Xiaomi's AI product, and Yang Xiaohu, the host of Whale Selection AI, to join us in discussing: The deep logic behind the technological alliance of iPhone and Alibaba's large model. Come and make an appointment!

Click on the [36Kr Mini Program] below to get the latest market dynamics in one stop. Remember to add it to [My Mini Programs] after watching.~

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