8:01 AM | The share price of Enlight Media experienced a huge shock of 40% within 5 minutes; The South Korean government prohibits new users from downloading DeepSeek; Wang Jianlin's 12 million equity has been frozen again.
Listing in Progress
New Qian'an Technology Co., Ltd.
36Kr learned that New Qian'an Technology Co., Ltd. has submitted an application for listing to the Hong Kong Stock Exchange, with CMBC Capital as the sole sponsor.
Mixue Bingcheng
36Kr learned that, according to the transaction terms seen by foreign media, Mixue Bingcheng will start evaluating investors' interest in its Hong Kong initial public offering (IPO) on February 17. The transaction terms state that the offering size and listing date are to be determined. Bank of America Securities, Goldman Sachs, and UBS are the joint sponsors.
Top 3 Big News
Enlight Media Experiences "Near Heaven and Earth Board", 40% Wild Swing in 5 Minutes
On the morning of February 17, the stock price of the popular stock Enlight Media experienced a huge shock. It touched the daily limit within about 1 minute after the opening, and then quickly retreated. Within less than 5 minutes, it almost touched the daily lower limit, with an amplitude of up to 40% in 5 minutes. Prior to this, boosted by the box office of "Ne Zha: Devil Child Rises the Seas" exceeding expectations by a large margin, the stock price of Enlight Media rose by the daily limit for all 5 trading days last week, with a weekly increase of up to 149%. After the Spring Festival, it has accumulated an increase of more than 260%, and the company's market value has also soared from 28 billion yuan before the Spring Festival to 101.9 billion yuan by the close of last Friday.
According to real-time data from Dengta Professional Edition, as of 14:41 on February 17, the global box office (including presales and overseas box office) of the film "Ne Zha: Devil Child Rises the Seas" has exceeded 12 billion yuan, surpassing "The Lion King" (12.051 billion yuan), and entering the top 10 of the global film history box office list. (Shanghai Securities News, Jiemian News)
South Korea Bans New Users from Downloading DeepSeek Due to Concerns over "Personal Information Protection"
It is reported that the South Korean government stated on February 17 that it has suspended the download of the Chinese artificial intelligence (AI) application DeepSeek out of concerns. The South Korean Personal Information Protection Commission said that the service was suspended at 6 p.m. on February 15 and will be resumed after "improvements and fixes" in accordance with South Korea's personal information protection regulations.
Previously, several South Korean government departments and agencies internally blocked access to the DeepSeek service. According to the website of the Chosun Ilbo in South Korea, the South Korean Personal Information Protection Commission believes that it will take a considerable amount of time for DeepSeek to be modified to meet the requirements of personal information protection regulations, so it decided to suspend its download in the South Korean application market. After the implementation of this measure, old users can still use it normally, but the download of new users will be restricted. (Reference News)
Wang Jianlin's 12 million equity has been frozen again, and 77.028 million yuan has been frozen previously
According to the Beijing Business Daily, according to the website of the National Enterprise Credit Information Publicity System, Wang Jianlin has added two more equity freeze information. The enterprises whose equities are being enforced are Dalian Wanda Group Co., Ltd. and Dalian Wanda Commercial Management Group Co., Ltd. The amount of equity frozen is 2.4 million RMB and 9.6 million RMB respectively, and the freezing period is 2 years. The enforcement court is the Xigang District People's Court of Dalian.
Previously, the legal litigation information of Tianyancha showed that recently, Dalian Hexing Investment Co., Ltd. added a new equity freeze information. The person subject to enforcement is Wang Jianlin, and the amount of equity frozen is 77.028 million yuan. The enterprise whose equity is being enforced is this company. The freezing period is from February 11, 2025 to February 10, 2027. The enforcement court is the Xigang District People's Court of Dalian. This company was established in April 2007, with Wang Jianlin as the legal representative, with 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. (Beijing Business Daily)
Big Companies/Big Events
The Private Enterprise Symposium was held, with Ren Zhengfei, Jack Ma, and Pony Ma in attendance
According to Xinhua News Agency, Xi Jinping, General Secretary of the Central Committee of the Communist Party of China, President of the country, and Chairman of the Central Military Commission, attended the Private Enterprise Symposium in Beijing on the morning of the 17th. After listening to the speeches of representatives of private enterprise leaders, Xi Jinping delivered an important speech. Li Qiang and Ding Xuexiang attended the symposium, and Wang Huning presided over it. According to the CCTV News video report screen, the private entrepreneurs who participated in the symposium include: Zeng Yuqun, Chairman of CATL; Jack Ma, the founder of Alibaba; Pony Ma, the founder of Tencent; Leng Youbin, Chairman of Feihe Dairy; Nan Cunhui, Chairman of Chint Group; Wang Xingxing, the founder of Unitree Robotics; Liang Wenfeng, the founder of DeepSeek; Liu Yonghao, Chairman of New Hope; Ren Zhengfei, the founder of Huawei; Wang Chuanfu, Chairman of BYD; Yu Renrong, Chairman of Will Semiconductor; Lei Jun, Chairman of Xiaomi; Qi Xiangdong, Chairman of Qi An Xin, and so on. (The Paper)
Tencent's Market Value Surges by 300 Billion
On the morning of February 17, Tencent and related concept stocks in the Hong Kong stock market suddenly skyrocketed. By around 10 a.m., Tencent Holdings climbed by more than 7.5%, and its market value rose by approximately 320 billion Hong Kong dollars (approximately 298.1 billion yuan). Weimob Group increased by 15%, China Literature Group went up by 11.97%, and Youzan rose by 10.16%.
On February 16, Tencent said that while WeChat Search is utilizing the Hunyuan large model to enrich AI search, it has recently officially initiated gray-scale testing to connect to DeepSeek. Users within the gray-scale testing range can see the words "AI Search" at the top search entry in the dialog box. After clicking to enter, they can freely use the full-featured version of the DeepSeek-R1 model to obtain a more diverse search experience. (National Business Daily)
Gree Responds to the Renaming of Specialty Stores to Dong Mingzhu Health Home
According to the officially released information by Gree Electric Appliances of Sichuan, Gree's new strategic brand "Dong Mingzhu Health Home" has been newly launched recently. It will reconstruct the retail value chain through scenario-based experience, data visualization, and intelligent interactive services.
Some media have noticed that on social platforms, many Gree specialty stores across the country have posted videos of store renovation and upgrading. Among them, stores in Hainan, Hunan, Shandong, Fujian, Chongqing, etc. have shown the new storefront of "Dong Mingzhu Health Home".
The hotline staff of Gree Electric Appliances of Sichuan responded to the renaming, saying: "Yes, the renaming is being carried out nationwide." However, regarding the speed of the renaming and specific procedures and other information, the relevant personnel said that they are temporarily unaware. (Sina Technology)
Owner of Xiaomi SU7 with Broken Axle Admits Deceiving Netizens
Recently, it was reported that someone driving a Xiaomi SU7 experienced a broken axle after passing through a potholed section, which attracted attention.
According to IT Home on February 16, Xiaomi Motors released a message on February 9, "Regarding the rumors related to Xiaomi Motors circulating on social platforms, we solemnly clarify that after investigation, there is absolutely no so-called 'broken axle' situation," and the detailed information of the incident was announced.
In response, the owner of the vehicle in this incident posted a long article on Douyin on February 15, admitting to deceiving netizens, but swearing that he drank alcohol after the accident. The owner also said on February 15 that he decided to repair the vehicle at his own expense and would not make any further explanations. (Jimu News, IT Home)
Gurman: Apple Maps Commercialization Accelerates, Aiming to Become a New Engine for Service Revenue Growth
In the latest issue of the Power On newsletter by Bloomberg's Mark Gurman, it is revealed that Apple is once again considering embedding advertisements in the Apple Maps App to further enhance its service business.
Apple's advertising business currently covers the App Store, and in November 2024, the advertising sales of Apple News will be handled by an internal team. Now, Apple is turning its attention to Apple Maps, seeking greater growth space in the advertising business.
Gurman disclosed that at a recent all-hands meeting of the Apple Maps team, the management confirmed that they are exploring the profit-making possibilities of the app. Apple has multiple ways to achieve profitability, such as considering charging for the prioritization of search results, selling the prominent display function of specific locations on the map, and so on. Exploring the profit model does not directly mean that advertisements will definitely appear in the Maps App, but ad placement is an important consideration direction. (IT House)
The key personnel of DeepSeek Company have undergone changes
36Kr has learned that the Tianyancha App shows that recently, the business registration of Hangzhou Deep Exploration Artificial Intelligence Basic Technology Research Co., Ltd., the associated company of DeepSeek, has undergone changes. Pei Tian has been changed from the executive director and general manager to the manager and director. Wang Xianzu has been newly added as the financial person in charge, and the business scope has newly added Internet information services. Hangzhou Deep Exploration Artificial Intelligence Basic Technology Research Co., Ltd. was established in July 2023, with Pei Tian as the legal representative and a registered capital of 10 million Chinese yuan. Its business scope includes computer system services, information system integration services, artificial intelligence application software development, etc., and it is jointly held by Liang Wenfeng and his Ningbo Chengen Enterprise Management Consulting Partnership (Limited Partnership) under his name.
Sensor Tower: "Honor of Kings" Achieves the Second-Highest Monthly Revenue in Gaming History
36Kr has learned that according to Sensor Tower data, in January 2025, "Honor of Kings" jumped six places to once again become the highest-grossing mobile game globally. SensorTower's app insights data shows that Tencent's "Honor of Kings" topped the global mobile game revenue chart in January 2025, mainly driven by the release of highly popular skins, IP collaborations, and Spring Festival events. Among them, the Year of the Snake limited-edition skins, festival activities, exclusive discounts, lucky draws, and in-game rewards stimulated player consumption, nearly doubling this month's revenue compared to the previous month and achieving the second-highest single-month revenue in the game's history.
Xiaomi will release central air conditioning at the end of February, targeting Daikin Air Conditioning
36Kr has learned that Xiaomi will officially release Mijia Central Air Conditioning at the end of this month, targeting the industry benchmark Daikin Air Conditioning. Lu Weibing, the president of Xiaomi Group, said that as the third strategic hardware business with a market scale of over one trillion yuan in addition to Xiaomi's mobile phone business and automotive business, Xiaomi has always been making high-intensity investments in the large home appliance business.
Citigroup Raises BYD's Target Price
Citigroup maintains a buy rating on BYD and raises the target price of BYD's H shares from HK$500 to HK$688, and the target price of BYD's A shares from RMB 460 to RMB 630. (Sina Finance)
SAIC and Huawei Finally Join Hands, and the Fifth "Boundary" of Hongmeng Zhixing Falls in Shanghai
It is learned from multiple sources that SAIC Motor is collaborating with Huawei to build the fifth "Boundary" of Hongmeng Zhixing - Shangjie. The two sides are adopting the intelligent vehicle selection model for their cooperation and have signed an agreement with Huawei Terminal. All vehicle models of Shangjie will be sold through the Hongmeng Zhixing channel. The person in charge of the Shangjie project from SAIC is Zhu Yong, the deputy general manager of SAIC Passenger Vehicle. (CBN)
Trump: Boeing Has Long Delayed the Delivery of the Upgraded Version of the Presidential Aircraft "Air Force One"
It was learned on the 15th local time that US President Trump visited a Boeing aircraft at Palm Beach International Airport in Florida to inspect the new hardware and technical features, and emphasized that Boeing has long delayed the delivery of the upgraded version of the US presidential aircraft "Air Force One". It is understood that "Air Force One" is a modified Boeing 747 aircraft, and there are currently two of them, both with an aircraft age of more than 30 years. Boeing had previously signed a contract to produce an upgraded version of "Air Force One", but the delivery has been delayed. According to the US Air Force, the delivery was originally scheduled for 2024, but the delivery date of the first aircraft has been postponed to 2027, and the second aircraft has been postponed to 2028. (CCTV News)
Australia will ban foreigners from buying existing homes for two years to ease the tight housing supply problem
The Australian government said on February 16 that it will ban foreign investors from buying existing homes in the country for two years in an effort to increase the housing supply. Australian Treasurer Chalmers and Housing Minister O'Neill said in a statement: "We will ban foreign investors from buying existing homes from April 1, 2025 to March 31, 2027." The statement also said that a review will be conducted on whether to extend the ban. Last year, Australians' dissatisfaction with the housing problem reached an all-time high, and it is expected that this issue will dominate the May general election. O'Neill said the ban is expected to free up about 1,800 properties for local buyers each year. (Sina Finance)
Trump's Social Media Platform Parent Company Says It Lost Over $400 Million in 2024
The Associated Press reported on February 15 local time that Trump Media & Technology Group, the parent company of former US President Donald Trump's social media platform "Truth Social," said on the evening of February 14 that the company lost $400.9 million in 2024 and its annual revenue decreased by 12% to $3.6 million. (CCTV News)
UK Releases Steel Industry Plan to Counter US Tariff Threat
The UK Department for Business and Trade announced a steel industry development plan on the 16th local time and is publicly seeking opinions on the plan. The plan aims to ensure that the UK steel industry can maintain global competitiveness and address the challenges posed by US steel and aluminum tariffs. According to this plan, the UK government will invest £2.5 billion to support the development of the domestic steel industry and encourage domestic infrastructure projects to give priority to using domestic steel. In addition, the plan will also guide steel production enterprises to shift from highly polluting blast furnaces to electric arc furnaces, strengthen scrap steel recycling, reduce carbon emissions, and promote a green transformation. (CCTV News)
The Forefront of AI
Dr. Wu Yonghui, a Google Fellow, joins ByteDance to be responsible for the exploration of basic AI research.
36Kr has learned that on February 17, according to informed sources, Dr. Wu Yonghui, a "Google Fellow" who has worked at Google for 17 years, has left Google and joined ByteDance. At ByteDance, Wu Yonghui will serve as the head of basic research for the large model team Seed, focusing on long-term research and exploration such as basic research exploration of large models and AI for science, and reporting to ByteDance CEO Liang Rubo. Informed sources said that Wu Yonghui left Google because he wanted to do some new and exploratory work. This time joining ByteDance, he will also focus on long-term and basic scientific research work.
Elon Musk's Grok3 large model is about to be released, and Musk claims it to be 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. 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)
More than 15 Central and State-owned Enterprises Have Partnered with DeepSeek, with Chinese Enterprise Giants Flocking to Connect
According to a report by Reference News on February 16, Chinese enterprises are flocking to embrace DeepSeek. After the three major telecommunications operators in China, China Mobile, China Telecom, and China Unicom, fully connected to this open-source large model, it is reported that more than 15 central and state-owned enterprises have collaborated with DeepSeek, covering multiple fields such as communications, energy, finance, automobiles, and technology, accelerating the widespread application of artificial intelligence (AI) in multiple scenarios and products. The report states that the connection of Chinese enterprises to DeepSeek has become a new trend. (Reference News)
OpenAI Attempts to "Remove Censorship on ChatGPT"
In a new policy, OpenAI states that it is changing the way it trains artificial intelligence models to explicitly advocate for "freedom of knowledge... no matter how challenging or controversial a topic is". Therefore, ChatGPT will eventually be able to answer more questions, provide more perspectives, and reduce the number of topics that this artificial intelligence chatbot is reluctant to discuss. These changes may be part of OpenAI's efforts to gain favor with the new Trump administration, and also seem to be part of a broader shift in Silicon Valley as a whole and the concept of "artificial intelligence safety". (Sina Finance)
OpenAI claims that DeepSeek and Kimi discover the secret of o1, and Kimi researcher deciphers the cracking process
36Kr has learned that, according to the Dark Side of the Moon news, recently, OpenAI released a research report stating that DeepSeek and Kimi, through independent research, have significantly improved the comprehensive performance of the model in mathematical problem-solving and programming challenges by using the Chain of Thought learning method. Kimi researcher Flood Sung posted that the effectiveness of the long Chain of Thought has been verified internally. In the actual training, it is found that the model will improve its performance with training and continuously increase the number of tokens, proving that the model can emerge by itself during the intensive training process. On January 20, DeepSeek and Kimi released the reasoning models R1 and k1.5 on the same day.
Cool Products
Apple Intelligence May Launch Vision Pro in April
It is reported that Apple Intelligence may land on Vision Pro in April. Apple plans to add Apple Intelligence to its Vision Pro headset as early as April through an update. A few weeks after the initial release of Apple Intelligence in June 2024, it was reported that Apple is seeking to introduce its artificial intelligence tool suite into Vision Pro, but how these tools will be redesigned for the mixed reality experience remains a question. It is reported that currently Apple's goal is to incorporate Apple Intelligence (including writing tools, Genmoji, and Image Playground) in the visionOS 2.4 software update, and a version will be provided to developers as soon as this week. (Sina Finance)
The MacBook Pro with M5 chip from Apple may be launched in autumn 2025
According to the report, Apple is expected to launch a new MacBook Pro with the M5 chip in the autumn of 2025. In addition, the Mac mini and iMac may receive an M5 chip upgrade before the end of 2025. Before that, the M4 version of the MacBook Air is expected to be released in March, and then the Mac Studio and Mac Pro may also receive an M4 chip upgrade during the WWDC developer conference in June. (Jiemian News)
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