8:01 AM | Pangdonglai will pursue legal responsibility against the online celebrity who complained about the underwear with a compensation of no less than 1 million yuan; Tencent responds to the integration of WeChat with DeepSeek; There is a 2% probability that a small asteroid will collide with the Earth in 2032.
TOP3 Big News
Pang Donglai: The red underpants have no quality problems, and will hold the internet celebrity accountable with a liability of no less than 1 million yuan
Regarding the previous incident where customers reported that the red underpants faded and caused allergies, Pang Donglai once again released a report stating that the underpants in question were tested as qualified products by three testing institutions. This brand has now resumed normal shelf sales. Firstly, a complaint award of 500 yuan was given to the million-follower internet celebrity "Two Short Segments", but for the serious infringement behavior of this internet celebrity, Pang Donglai, in principle, will hold the liability with an amount of no less than 1 million yuan. The reporter found that the comment section of the million-follower internet celebrity "Two Short Segments" has been closed, and only self-comments are allowed. (Elephant News)
Tencent Responds to WeChat's Integration with DeepSeek: It Is in the Gray Test Phase
On the evening of February 15, it was reported that WeChat Search is testing the integration with DeepSeek-R1. In response to this, a relevant person from Tencent told Guangzhou Daily that while WeChat Search is using the Hunyuan large model to enrich AI search, it has recently officially started the gray-scale test to integrate with DeepSeek. Users who are included in the gray-scale test can see the words "AI Search" at the search entrance at the top of the dialog box. After clicking to enter, they can freely use the full-version model of DeepSeek-R1 to obtain a more diversified search experience. (Guangzhou Daily)
NASA: An Asteroid Has a 2% Chance of Hitting Earth in 2032
Reporters learned on February 15 local time that the Center for Near-Earth Object Studies (CNEOS) at NASA's Jet Propulsion Laboratory said that an asteroid named "2024 YR4" has a 2% chance of hitting Earth in 2032. Currently, information about "2024 YR4" is still limited, but it is estimated that the asteroid has a diameter between 40 meters and 90 meters, and its size is equivalent to a large building. (CCTV News)
Big Companies/Big Events
Gold Plunges from High Levels, Experts Suggest Buying on Dips for Gold Investments
On February 15th Beijing time and February 14th Eastern Time in the US, the closing prices of the three major US stock indexes were mixed. In the US, industrial production in January increased by 0.5% month-on-month. Federal Reserve officials took a hawkish stance, causing the gold price to plunge from a high level. International precious metal futures generally closed lower. COMEX gold futures fell by 1.76% to $2,893.7 per ounce, with a 0.21% increase this week. COMEX silver futures fell by 0.22% to $32.655 per ounce, with a 0.65% increase this week. The spot price of gold in London dropped by 1.54%. (China News and Jwview)
CCTV Exposes the Truth About Cheap Pure Cashmere in Livestreaming Studios: Reporter Buys 7 100% Cashmere Sweaters Without a Single Strand of Cashmere
Goat cashmere products usually have a relatively high price. The reporter's investigation found that some so-called "100% goat cashmere products" sold in livestreaming studios have unusually low prices. The salesperson said, "We are clearing the inventory. It only costs more than one hundred yuan, but the quality can be compared to products worth more than one thousand yuan in the mall." In order to verify the salesperson's claim, the reporter randomly purchased 7 knitted garments claiming to be 100% goat cashmere from different livestreaming studios and sent them to the laboratory for testing. However, the test results showed that none of the 7 samples contained goat cashmere: The so-called cashmere sweaters with the label "Composition: Cashmere 100%" on the clothing tag actually had a measured fiber content of 50.0% acrylic, 29.5% polyester fiber, and 20.5% nylon, without a single strand of cashmere. (CCTV News)
The total box office of 2025 exceeds 20 billion
36Kr has learned that according to the data from Dengta Professional Edition, as of 21:14 on February 16, the total box office of 2025 (including pre-sales) has exceeded 20 billion, setting a new record for the fastest annual box office in Chinese film history to exceed 20 billion. "Ne Zha: The Devil Child Causes Havoc in the Sea" leads the pack with a box office share of 59.4%.
The three major U.S. stock indexes closed with mixed results, and popular Chinese concept stocks generally rose
36Kr learned that as of the close on February 14, the three major U.S. stock indexes closed with mixed results. The Nasdaq rose 0.41%, the S&P 500 index fell 0.01%, and the Dow Jones Industrial Average fell 0.37%. Large technology stocks had mixed results. NVIDIA rose more than 2%, Apple, Meta, and Netflix rose more than 1%, Intel fell more than 2%, and Amazon, Microsoft, Google, and Tesla declined slightly. Popular Chinese concept stocks generally rose. WeRide soared 83.46%, Zhihu rose more than 15%, Bilibili rose nearly 11%, 36Kr rose more than 8%, Alibaba, JD.com, XPeng Motors, and NIO rose more than 4%, and Pinduoduo and Li Auto rose more than 2%.
Lei Jun expects Xiaomi's growth rate to continue to exceed 30% this year
On February 14, Lei Jun, the founder, chairman, and CEO of Xiaomi Group, stated at the 2025 Haidian District High-Quality Economic and Social Development Conference that in the past 15 years, Xiaomi seized the opportunities of the times and maintained a high growth rate. However, it also encountered development bottlenecks, with negative growth for two consecutive years in 2022 and 2023, facing huge internal and external pressures. Lei Jun said that Xiaomi regained a high growth rate last year, with a growth rate of more than 30%, and expects to continue to maintain a growth rate of more than 30% this year. (Oriental Finance)
Xiaomi SU7 High-Speed Intelligent Driving Suddenly Brakes and Gets Rear-Ended, Xiaomi Official: It's a "False Recognition"
Recently, Mr. Jiang from Hangzhou reported that he has a Xiaomi SU7 vehicle. On January 31, when using the intelligent driving feature on the highway, the vehicle braked suddenly, resulting in a rear-end collision, and the repair cost is estimated to be tens of thousands of yuan. Mr. Jiang mentioned, "The road conditions were quite good that day. There were no vehicles in front and no debris. It suddenly braked sharply to 33 kilometers per hour, and the vehicle behind crashed into it."
It is reported that the traffic police determined that both parties are equally responsible for this accident. Mr. Jiang claims that "Xiaomi" believes that this rear-end collision was caused by its intelligent driving system, but "Xiaomi" is unwilling to take responsibility. According to the recording provided by the consumer, the relevant official of Xiaomi Automobile stated, "It is indeed a case of 'false recognition'. In the entire industry, from the perspective of 'NOA' intelligent driving, it is also a difficult problem in the industry, just like my own Tesla." Mr. Jiang does not agree with the other party's statement. He believes that the highway is not a complex section. Regarding this, Xiaomi Automobile has not responded yet. (1818 Golden Eye)
New Regulations on Online Platform Transactions Issued in Beijing: Consumers' Reviews Must Not Be Fabricated or Deleted
Recently, the Beijing Municipal Market Regulation Bureau has announced the "Compliance Guidelines for Service Agreements and Trading Rules of Online Trading Platform Operators", the "Compliance Guidelines for Information Disclosure and Publicity of Online Trading Platform Operators", and the "Compliance Guidelines for the Management of Prohibited and Restricted Commodities by Online Trading Platform Operators". The guidelines propose that the evaluation information of consumers must not be fabricated, modified, deleted, or shielded. It is also not allowed to place positive reviews in the front and negative reviews in the back to mislead consumers. Five days before the automatic renewal, a prominent reminder should be given, and a simple option to cancel or change at any time should be provided. (Beijing Daily Client)
Meinian Healthcare: Recent business operations are normal, and there are no undisclosed matters that should be disclosed
On February 16, Meinian Healthcare issued an abnormal fluctuation announcement. The closing price of its stock has deviated by more than 20% accumulatively within three consecutive trading days (February 12, 2025, February 13, and February 14). The company conducted a self-examination and verification. The previously disclosed information does not require correction or supplementation. No undisclosed major information that has a significant impact on the stock price has been found in the recent public media reports. The recent business operations are normal, and the internal and external business environment remains unchanged. There are no major matters that should be disclosed or being planned by the company and the actual controller, and the actual controller did not buy or sell the company's stock during the period of abnormal stock trading fluctuations. The company's board of directors confirms that there are currently no undisclosed matters that should be disclosed, and there is no violation of the fair disclosure of information. The company will disclose the 2024 annual report on April 17, 2025, and has not provided undisclosed annual performance information to third parties. Investors should make rational investments and be aware of risks. The company has prepared the inquiry letter and reply letter regarding the abnormal fluctuations in stock trading. (Finance World)
The Director-General of the Invest Hong Kong Visits Japan and South Korea to Attract Investments
The Director-General of Invest Hong Kong, Lau Kai Sun, will embark on a trip to Tokyo, Japan and Seoul, South Korea on February 17 to promote the latest business opportunities in Hong Kong to the local areas. In 2024, the total bilateral trade volume between Hong Kong and the two places exceeded HK$307 billion and HK$355 billion respectively. The results of the "Annual Survey of Companies with Parent Companies outside Hong Kong in Hong Kong for 2024" show that in 2024, the number of Japanese companies in Hong Kong exceeded 1,400, an increase of 2.3% compared to 2023. The number of South Korean companies in Hong Kong in 2024 was 160, a significant increase of 11.2% compared to 2023. (Jiemian News)
The Government Affairs Systems of Guangzhou and Shenzhen are Integrated with DeepSeek
According to the news released by the WeChat official account "China Guangzhou Release" on February 16, the Guangzhou Municipal Government Service and Data Management Bureau has officially deployed the DeepSeek-R1 and V3 671B large-scale models on the government extranet. By integrating a large number of government affairs data elements, the large-scale model will enrich the application scenarios of government services. It is reported that the launch of this large-scale model is implemented relying on the Digital Guangzhou Innovation Laboratory. The deep adaptation of models such as DeepSeek-R1 to domestic hardware has been completed. The computing power of the government private network will be used to promote the application of artificial intelligence large-scale models in government affairs fields such as the interpretation system of people's livelihood policies and the assignment of 12345 hotline work orders. Many popular government affairs fields such as government office work, urban governance, and people's livelihood services have taken the lead in exploring the application of the DeepSeek model to optimize work and service scenarios. (The Paper)
QQ Browser Integrates DeepSeek-R1 Full-Blooded Version
QQ Browser announces the official integration of the full-blooded version of the DeepSeek-R1 model, supporting in-depth thinking, online search, multi-round conversations, and historical record backtracking. Search for "DeepSeek" in the Sogou Search (or Full Network Search) mode on the QQ Browser for mobile or computer, or click the magnifying glass icon on the left side of the search box on the mobile end and select "DeepSeek Model" to directly access the QQ Browser dedicated line version of the DeepSeek model. After clicking to log in, it can be used for free. (JRJ)
More than 20 cities across the country have introduced measures to optimize and adjust housing provident fund.
Since the beginning of this year, more than 20 cities across the country have introduced measures to optimize and adjust the housing provident fund. Many cities have taken increasing the loan amount of the housing provident fund, reducing the down payment ratio, and supporting flexible employment personnel as important contents of policy optimization. After the reporter's sorting, it is found that the maximum loan amount in various places has increased by several hundred thousand yuan to varying degrees, and the maximum loan amount for highly educated talents, multi-child families, and green buildings has also increased to varying degrees. In addition, various places have also made detailed adjustments to the housing provident fund policy for specific groups. Tianjin, Yichang, Lanzhou and other places have clearly included self-employed individuals, freelancers and other flexible employment personnel in the scope of housing provident fund contributions. In principle, they can also enjoy multiple rights and interests such as "commercial-to-public housing provident fund loan conversion" and "housing provident fund loan support policies for multi-child families". (Securities Times)
The EU plans to impose restrictions on certain imported foods produced according to different standards
The EU hopes to prevent the import of certain foods produced according to different standards to protect European farmers as a response to US President Trump's trade policies. According to three officials, the European Commission will agree next week to discuss expanding import restrictions, a move that may trigger tensions with trading partners. It is reported that the early targets may include US crops such as soybeans, which are grown using pesticides that EU farmers are not allowed to use. For a long time, the European Commission has been opposed to calls from France and other member states to impose trade restrictions, arguing that this may violate WTO rules, and only allows non-discriminatory import restrictions for scientific reasons. (Financial Times)
Tesla insiders worry that Musk's involvement in politics is harming the company. It is reported that some executives hinted that "he should resign"
Some employees and investors of Tesla have begun to speak out publicly, expressing concerns about CEO Musk's alliance with Trump. They believe that Musk's deep involvement in the political field is hurting the company and its long-term goal of creating a more sustainable future. An internal recording shows that at a recent staff meeting of a Tesla department, Tesla employees and senior managers openly expressed these concerns. Some employees believe that Musk's service for the Trump administration has led to a reduction in his attention to Tesla. As Trump is a controversial figure, the company is increasingly worried about Musk's close relationship with him, believing that this has damaged the company's brand image among some consumers. An employee said that some senior managers hinted at the staff meeting that the company's situation might be better if Musk resigned. (The Washington Post)
Broadcom and TSMC Are Monitoring Intel's Spin-off Deal
Feb. 16, Cailian News. According to people familiar with the matter, both Broadcom and TSMC are individually monitoring a potential deal that could split Intel in two. Broadcom has been closely watching Intel's chip design and marketing business and has informally discussed a bid with advisors, but it may only bid if it finds a partner for Intel's manufacturing business. Broadcom has not submitted any documents to Intel. TSMC has been studying taking control of some or all of Intel's chip factories, possibly as part of an investor consortium or other structure. Broadcom and TSMC are not collaborating. (The Wall Street Journal)
Institutional Quarterly Holdings Revealed: Morgan Stanley, Norwegian Sovereign Wealth Fund, etc. Significantly Increase Holdings in Alibaba
36Kr has learned that the 13F quarterly holdings reports, known as the "market barometer," are being released one after another. The latest 13F of various institutions shows that as of December 31, 2024, Morgan Stanley, the Norwegian Sovereign Wealth Fund, the largest in the world, Appaloosa managed by "Wall Street Bottom Fisher" David Tepper, Primecap Management, an investor in Nvidia and other leading US technology companies, have all increased their holdings in Alibaba. Recently, the market has recognized the potential value of Alibaba's AI, driving Alibaba's stock price to soar to a new high in the past three years.
South Korea Launches Bean-free Coffee to Alleviate the Pressure of Rising Import Prices of Coffee Beans
According to CCTV News, affected by the reduction in production in major global producing areas, the futures price of international coffee beans has been rising. According to data released by the Korea Customs Service, in January this year, the import price of coffee beans per kilogram increased by nearly 70% year-on-year. To alleviate the pressure of the rising cost of the main raw material, recently, the South Korean catering industry has launched a "bean-free coffee" beverage that uses other raw materials to replace coffee beans.
According to another message from the Securities Times, affected by the reduction in production in major global producing areas such as Brazil, the international coffee futures price has continued to soar. On February 11, the futures price of Arabica coffee broke the high of 430 cents/pound at the Intercontinental Exchange (ICE) in New York, USA, setting a new 47-year high. In the past year, the increase in the coffee futures price has exceeded 118%.
Industry insiders said that behind the soaring coffee futures, the main reason is the extreme weather in major producing areas such as Brazil and Vietnam, resulting in a significant decline in coffee production. In addition, a large amount of speculative funds have flooded into the market, driving up the price. At the same time, the producers' reluctance to sell has also exacerbated the supply shortage in the market. (CCTV News, Securities Times)
The Forefront of AI
OpenAI CEO Sam Altman Announces GPT 4o Upgrade
On February 16, OpenAI CEO Sam Altman announced the upgrade of GPT 4o, aiming to reach the intelligence level of o3 pro. He also stated that the updated GPT 4o remains the best AI search product. (Cailian Press)
Elon Musk's Grok3 large model is about to be released and is hailed as the smartest artificial intelligence
On the 15th local time, Elon Musk announced on the social platform X that the large model Grok 3 developed by his artificial intelligence company will be officially released at 12:00 noon Beijing time on the 18th. Elon Musk claims that Grok 3 is "the smartest artificial intelligence on Earth". Meanwhile, the CEO of Musk's competitor OpenAI, Altman, announced that the intelligence level of the large model GPT-4o has been upgraded to the o3 pro level. He said that as OpenAI's latest generation of natural language processing large model, GPT-4o not only has significantly improved its ability in understanding and generating language, but also has reached a new height in its intelligence level. (CCTV Finance)
Arranged | Da An