9:01 AM, 36Kr: Xiaomi's application for the "Xiaomi SU7 MAX" trademark has been rejected; Liu Genghong has lost 8.54 million followers compared to his peak period; A Fudan University doctoral student suggests that students carefully choose majors such as artificial intelligence.
Listing in Progress
Insta360 Innovation Technology Co., Ltd.
36Kr learned that the China Securities Regulatory Commission has approved the registration application of Insta360 Innovation Technology Co., Ltd. for its initial public offering of stocks and listing on the STAR Market.
TOP 3 Big News
Xiaomi's Application for "Xiaomi SU7 MAX" Trademark Rejected
According to media reports, on the evening of February 27, Lei Jun announced that within 2 hours of the launch of Xiaomi SU7 Ultra, the number of firm orders exceeded 10,000, achieving a crucial goal. On the morning of February 28, Lei Jun posted two consecutive Weibo posts saying: "Last night's launch event made me a bit excited." "I had a bit of insomnia last night and I'm particularly sleepy this morning.
A reporter from Xiaoxiang Morning Herald found by querying the intellectual property information on Tianyancha that Xiaomi Technology Co., Ltd. has applied to register the trademarks "Xiaomi SU7 PRO" and "Xiaomi SU7 MAX". The application date is November 2023, and the international classifications are scientific instruments and means of transport. However, the status of the above trademarks has been changed to "rejected and under review". (Xiaoxiang Morning Herald)
Liu Genghong Has Lost 8.54 Million Followers Compared to His Peak Period
On February 27, the topic "Liu Genghong Claims the Cooperation with Wuyou Media Has Ended" attracted attention. In response, Wuyou Media told Jiupai Finance Journalist: "The contract between Wuyou Media and Coach Liu has indeed expired. The two sides had a very pleasant cooperation and experienced an exciting three years together. Through friendly negotiations between the two sides, the current cooperative relationship has been changed to a business cooperation." Jiupai Finance Journalist noticed that Liu Genghong's Douyin account has lost 407,000 followers in the past 30 days, with the number of followers dropping to 61.49 million; compared to the peak of 70.035 million, a total of 8.545 million followers have been lost.
Daduo Data shows that Liu Genghong has broadcast a total of 7 live streams in the past 30 days. In recent live streams, the number of viewers is only 1-2 million, less than one-twentieth of the 44.76 million viewers in the previous peak period. And the data of another account, "Liu Genghong Health Is Coming", for bringing goods is not outstanding either. Daduo Data shows that in the past 30 days, "Liu Genghong Health Is Coming" has broadcast 55 live streams, with an average of only 88,000 viewers per live stream and an average sales of only 75,000 - 100,000 yuan. The main products of this live stream are fresh food, and the total sales in 30 days is 2.5 - 5 million yuan. (Jiupai News)
Yu Huaying was executed on February 28.
The court found that, in order to obtain illegal benefits, Yu Huaying, in collusion with others from 1993 to 2003, committed crimes in Guizhou Province, Chongqing City, Yunnan Province and other places, trafficking in seventeen children. Accordingly, the Intermediate People's Court of Guiyang City made a first-instance criminal judgment on October 25, 2024, sentencing Yu Huaying to death for the crime of trafficking in children, depriving her of political rights for life, and confiscating all her personal property. Yu Huaying refused to accept the judgment and appealed. After the second-instance trial, the Higher People's Court of Guizhou Province rejected the appeal, upheld the original judgment, and reported it to the Supreme People's Court for approval. After review, the Supreme People's Court approved the death penalty for Yu Huaying in accordance with the law. (CCTV News)
Big Companies/Big Events
The number of foreigners entering China visa-free doubles in 2024
The Statistical Bulletin of National Economic and Social Development for 2024 released by the National Bureau of Statistics on the 28th shows that in 2024, 20.12 million foreigners entered the country visa-free, with an increase of 112.3%. (Xinhua News Agency)
The voice actor of "Ne Zha 2" sues the dubbing company
On the evening of February 25, the voice actor of "Ne Zha 2", "Tu Qi", released a video stating that she had worked for Chengdu Sound Entertainment Culture Communication Co., Ltd. (hereinafter referred to as: Sound Entertainment Culture), which is responsible for the dubbing of "Ne Zha 2". Now, due to issues such as the exploitation of dubbing trainees by Sound Entertainment Culture, her unjust dismissal, and wage arrears, she has filed a lawsuit with the High-tech Zone Court in Chengdu, Sichuan Province to safeguard her rights. (Jimu News)
Last year, the closure rate of the pharmacy industry increased. Industry insiders: It is expected that 20% of small and medium-sized pharmacies will be eliminated.
The pharmacy industry is facing a reshuffle. Statistical data shows that about 40,000 pharmacies closed last year, with a closure rate of 5.7%, higher than 3.8% in 2023. Small and medium-sized chains and new stores have become the "hardest hit areas". Industry insiders said that it is expected that 20% of small and medium-sized pharmacies will be eliminated. In the future, pharmacies should reduce their dependence on medical insurance products, make profits through non-medical insurance products, shift from selling medicine to "selling health", and meet the needs of "preventing and treating diseases before they occur". (Caixin News Agency)
Fudan University Ph.D. Advises Students to Choose AI and Other Majors Cautiously
Zhou Xinji, a Ph.D. in economics from Fudan University, is now a social media blogger with over 5 million fans across the entire network. His account is @SeeTheWorldThroughTheViewfinder, specializing in "volunteer application and professional science popularization". Since 2021, he has produced a series of videos to help high school graduates understand university majors. On February 25, Zhou Xinji told reporters that as of now, he has deeply interpreted more than 200 majors. Regarding suggestions for students' applications, Zhou Xinji said that it is not recommended for students to blindly choose popular majors such as computer science and artificial intelligence. "Because the decision made during the college entrance examination will manifest itself after four or ten years. If everyone rushes into these popular majors, it will result in an oversupply of talents in these fields." (Haibao News)
The Ministry of Foreign Affairs Responds to the US Threat of Imposing an Additional 10% Tariff: China Will Take All Necessary Measures to Safeguard Its Legitimate Interests
At the regular press conference of the Ministry of Foreign Affairs on February 28, a reporter asked about the US threat to impose an additional 10% tariff on Chinese products exported to the US. In response, Foreign Ministry Spokesperson Lin Jian said that the US once again used the fentanyl issue as an excuse to threaten to impose tariffs on Chinese products exported to the US. China strongly deplores and firmly opposes this and will take all necessary measures to firmly safeguard its own legitimate interests. Lin Jian emphasized that China has repeatedly stated that there are no winners in a trade war or a tariff war. The US' unilateral imposition of tariffs seriously violates WTO rules and harms the interests of both countries and the world. China urges the US to correct its wrong practices and return to the right track of resolving each other's concerns through equal consultation. (CCTV News)
Zheng Yuanjie Says "I Can't Write Better Than AI" and Will Suspend Social Media Updates
"The King of Fairy Tales" Zheng Yuanjie mentioned his views on AI in an interview: I imagined the current AI era in my own works 30 years ago. I gave an instruction to AI, asking it to write an article with Pipi Lu as the protagonist in Zheng Yuanjie's style. Then I set the scene, designed the characters and relationships that would appear in it, and described it in great detail. AI completed a piece of work in 4 seconds. After reading it, I, Zheng Yuanjie, admit that I can't write better than AI.
In the interview, Zheng Yuanjie mentioned that he will stop updating all his social media next. Now he wants to return to a more peaceful life, but he will not stop creating. (The Paper)
Chinese Scientists Identify the Pathogenic Factor for "Extreme Emaciation" in Advanced Cancer Patients
Tumor cachexia is a common condition in advanced cancer patients, manifested by extreme emaciation, severe decline in physical function, etc. Even if patients are continuously supplemented with nutrients, it is difficult for them to regain weight. The latest research by the scientific research team of Peking University found that the cytokine MIF produced by tumor cells is the "culprit" that causes an "irreversible" decline in the ability of patients to generate adipose tissue and promotes the development of the disease. This achievement was published online in the international academic journal "Cell Metabolism" on the evening of the 27th. (Xinhua News Agency)
The Bitcoin price drops below $80,000, with over 200,000 people globally liquidated
On February 28, the Bitcoin price once dropped below $80,000, reaching a low since November 2024. Compared with the nearly $110,000 high set on January 20, it has declined by nearly 40%. Currently, the decline is around 5%. As of around 12:30 on the 28th, in the past 24 hours, more than 200,000 people globally have been liquidated, with a total liquidation amount of $803 million (approximately 5.85 billion yuan). It is observed that the liquidation data is still continuing to rise.
In the past few days, there has been a frenzy of selling in the US Bitcoin funds. The outbreak of the largest theft case in the cryptocurrency circle is to some extent the direct cause that triggered this round of selling. Trump's lackluster performance in cryptocurrencies after taking office has also somewhat disappointed investors. In addition, the Bitcoin price plunge is synchronized with the decline in risky assets, which is related to investors' adjustment of expectations for the US macro situation and technology stocks. Faced with the stagnant growth and continuous selling of Bitcoin, many institutions have issued investor warnings. (21st Century Business Herald)
The US Department of Justice Releases Epstein Case File Archives
On February 27 local time, the US Department of Justice published the first batch of file archives related to the Epstein case on its website. According to the statement posted on the US Department of Justice's website, US Attorney General Bundy, along with the FBI, has declassified and released the archives related to "convicted sex offender Jeffrey Epstein and his sexual exploitation of more than 250 underage girls in his homes in New York State, Florida, and other places." The first phase of the declassified documents mainly contains "documents that have previously been leaked but never officially released by the US government."
The statement said that US Attorney General Bundy requested to obtain all the files related to the Epstein case. In response, the Department of Justice received approximately 200 pages of documents, but thousands of pages of documents have not been disclosed, which involve the investigation and prosecution of the Epstein case. Bundy has requested the FBI to hand over the remaining documents to the Department of Justice by 8 a.m. Eastern Time on February 28 and has instructed FBI Director Patel to investigate why all the documents were not provided as required.
The statement said that the US Department of Justice plans to release the remaining documents after review and editing to protect the identities of the victims of the Epstein case. (CCTV News)
The Forefront of AI
Equipped with the DeepSeek reasoning model, the new AI Q&A pen Youdao SpaceOne has sold out in its first sale.
36Kr has learned that the full-screen Q&A pen "Youdao SpaceOne", a new learning hardware equipped with the DeepSeek reasoning model, has been sold out within just 10 days of its listing. The official of Youdao Learning Hardware urgently announced that due to the exhaustion of the first batch of inventory, the whole channel will start a limited purchase reservation from March 1. It is introduced that Youdao SpaceOne deeply integrates the capabilities of the DeepSeek-R1 reasoning model, combines AI capabilities with educational scenarios and the advantages of the knowledge base, and unlocks a new way of in-depth explanation of subject problems. Its heuristic teaching, logical visualization, and patient and meticulous interaction advantages have brought users an answering and tutoring experience that surpasses that of real teachers. Therefore, it is particularly favored by parents and student groups during the school season, and the sales situation is extremely hot.
Baidu: On March 16, it released Wenxin Model 4.5, with deep thinking and native multimodal capabilities
36Kr learned that Baidu announced that it will release Wenxin Model 4.5 on March 16. According to the official introduction of Baidu, Wenxin Model 4.5 has a significant improvement in the basic model capabilities, and has native multimodal, deep thinking and other capabilities. Public information shows that Baidu's Wenxin Model is the earliest LLM model in the world to benchmark against GPT, and the 5.0 version will be released within this year.
Meitu Design Studio Integrates DeepSeek Large Model, Upgrading AI Graphic and Text Functionality
36Kr has learned that Meitu Design Studio AI Graphic and Text under Meitu Company has announced the integration of the DeepSeek large model, enabling one-click output of copywriting, note cover, and inner page layout. It unlocks a new one-stop AI graphic and text creation experience for users, enhancing the efficiency of self-media content production and the click-through rate of notes. The upgraded AI graphic and text functionality makes self-media creation simpler and more efficient. Users only need to input a simple theme and select DeepSeek R1, and the system can automatically generate the copy and complete the entire layout, quickly generating high-quality Xiaohongshu graphic and text content. It is reported that both the LivePPT AI Product Images and AI Graphic and Text of Meitu Design Studio have been integrated with DeepSeek R1.
Beijing: Accelerating the Replacement of Embodied Intelligent Robots in Dangerous, Repetitive, and Heavy-Duty Job Positions
36Kr has learned that the Beijing Municipal Science and Technology Commission and other departments have issued the "Beijing Embodied Intelligent Technology Innovation and Industrial Cultivation Action Plan (2025 - 2027)". It accelerates the large-scale implementation of industrial and commercial scenarios. It promotes the central-local collaboration in scientific and technological innovation, encourages central and state-owned enterprises in fields such as automobile production, electronic manufacturing, industrial welding, coal mining, commercial retail, warehousing and distribution to take the lead in opening up a number of application scenarios, promotes the in-depth integration and joint research and development of scenario providers and technology providers, accelerates the accumulation of industry data, further enhances the task understanding and independent execution ability of embodied intelligent robots in complex production tasks such as sorting and assembly, packaging and quality inspection, welding and coating, and dangerous operations, and accelerates the replacement of embodied intelligent robots in dangerous, repetitive, and heavy-duty job positions.
Investment and Financing
"Lanxiao Aviation" has consecutively completed tens of millions of yuan in Angel Round and Angel Plus Round financing
36Kr learned that, according to Legend Star, "Lanxiao Aviation" announced that it has consecutively completed tens of millions of yuan in Angel Round and Angel Plus Round financing. The Angel Round was jointly led by Legend Star and Haiyi Investment, and the Angel Plus Round was exclusively invested by Gobi Ventures. The funds raised will be used for the company's aircraft product research and development. Lanxiao Aviation was established in June 2024 and is currently focused on the research and development and manufacturing of large-scale extended-range tiltrotor eVTOL aircraft.
"ABC Digital Medical Cloud" Recently Completed RMB 100 Million Financing
36Kr learned that the grassroots AI medical system enterprise "ABC Digital Medical Cloud" recently completed RMB 100 million financing, which was exclusively invested by Gaocheng Investment. This round of financing will be mainly used for the iteration of AI core algorithms in grassroots medical scenarios, the construction of clinical data systems, and the upgrade of the national service network.
"Eagle Semiconductor" Completes Series B Financing of Over 300 Million
36Kr has learned that recently, VCSEL chip company Eagle Semiconductor announced that it has successfully completed its Series B financing in December 2024, with a financing amount of more than 300 million yuan. The investors in this round of financing include SAIC Motor, Nova Nebula, Hillhouse Ventures, Caitong Capital, Bicubic Capital, and Tangxing Capital, among other institutions. The funds will be used to further increase R & D investment, product iteration and upgrade, as well as the construction of the talent echelon and the expansion of market channels.
Cool Products
The All-New REDMI Book Pro 2025 Series Launched
36Kr has learned that the all-new REDMI Book Pro 2025 series was launched at the Xiaomi 15 Ultra and Xiaomi SU7 Ultra new product launch event. There are two versions available: 16-inch and 14-inch. The REDMI Book Pro 2025 series adds AI computing power scheduling. It supports Xiaomi Surge Smart Connect and file transfer between Apple devices.
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