At 8 a.m., here are the latest news: Huawei has announced a "violation in recruitment" case, with multiple employees fired; Elon Musk has admitted that Tesla is facing business difficulties; The price of Arc'teryx tags has been driven up to as high as 300 yuan each.
Top 3 Big News
Huawei Issues Notification on "Irregular Recruitment", Multiple Employees Fired
On March 10th, Huawei issued an internal notification stating that during the recruitment of non - employees, multiple product line managers were involved in irregularities such as taking exams on behalf of others themselves, arranging others to take exams on behalf of candidates, and leaking exam questions to candidates. There were also cases where multiple individuals profited by selling the company's information assets. After deliberation, the involved personnel were fired, and they were required to return the illegal gains and compensate the company for losses. Reporters inquired with Huawei about relevant matters, but as of the time of publication, no response had been received. (Caixin.com)
Elon Musk Admits Tesla's Business Difficulties
During an interview with Fox News, Elon Musk said that since he became the head of the Office of Government Efficiency, his personal business has faced great difficulties. However, he stated that he would still strive to achieve his goals and reduce government waste for American taxpayers. He expects to work in the Trump administration for at least one more year.
Musk pointed out that the work of the Office of Government Efficiency is progressing well, saving the federal government $4 billion per day. Unless the office ceases operations, it can save the US government $1 trillion in expenses. Since Musk took charge of the Office of Government Efficiency, Tesla's market value has evaporated by more than 50%, amounting to $800 billion.
On March 10 local time, the three major US stock indexes declined collectively. Companies owned by some wealthy individuals who attended Trump's inauguration ceremony were the first to be affected. The total market value of these companies evaporated by $1.39 trillion compared to that on January 17, the last trading day before Trump's inauguration. Among them, Musk's personal net worth shrank by $148 billion. (Phoenix TV, Securities Times)
The Arcteryx tags are being resold for up to $300 each. Clerk: The tags have been upgraded
Some netizens found on second - hand platforms that a single Arcteryx tag has been resold for as much as $300. Reporters discovered that the prices of ordinary product cards are relatively lower. The purchase price is generally between $5 and $10, and the selling price ranges from $20 to $50. Due to their scarcity and uniqueness, the technology cards are more expensive. The purchase price is between $20 and $50, and the selling price can reach $100 - $200. Tags from some special series, such as the "Military Arcteryx" series, can be sold for up to $300 each.
An outdoor equipment dealer said that there are currently some unscrupulous sellers on second - hand trading platforms. After purchasing second - hand outdoor clothing, they use professional refurbishment and cleaning processes to make the old clothes look almost brand - new and then attach genuine tags collected from other sources. As a result, consumers are easily deceived without knowing the truth. (Qianjiang Evening News)
Big Companies/Big Events
HarmonyOS Mobility's legal department officially sues self - media blogger, and the account "I'm Classmate Dabin" may bear legal liability and compensation
According to a report by JRJ.com, on March 11th, the legal department of HarmonyOS Mobility issued a statement via its official Weibo, announcing that it is formally suing the self - media account "I'm Classmate Dabin" and its associated matrix accounts. The statement points out that this account has long been posting false remarks about the HarmonyOS Mobility brand and its products on multiple platforms, including maliciously spreading rumors, slandering the brand image, and exaggerating negative topics. The content has had a negative impact on the network and the brand. HarmonyOS Mobility stated that it has filed a lawsuit with the court, demanding that the involved self - media bear legal liability, compensate for losses, and eliminate the negative impact. At the same time, it called on the public to "not believe or spread rumors" and opened a reporting email address.
The report also mentioned that as early as March 4th, the legal department of HarmonyOS Mobility disclosed that since May 2024, a certain company has manipulated dozens of MCN agencies and tens of thousands of accounts to post a large amount of false information on social platforms to smear the brand. The relevant actions have been recognized by the judicial authorities as an organized online black - public - relations campaign. Currently, several suspects involved have been arrested by the public security organs and approved for arrest by the procuratorate in accordance with the law. (JRJ.com)
Mark Gurman: Apple is Preparing Its Most Disruptive System Innovation in History
It is reported that Apple is preparing its most disruptive system innovation in history to reshape the user experience of iPhones, iPads, and Macs. Gurman predicts that Apple will launch this system innovation in 2025, adjusting the styles of icons, menus, apps, windows, and system buttons. This will fundamentally change the appearance of the operating system and enhance the consistency of Apple's software platforms. The blog post introduces that this innovation will be launched along with iOS 19, iPadOS 19, and macOS 16, becoming the biggest upgrade to the Mac system since Big Sur in 2020 and the biggest update to the iPhone since iOS 7 in 2013.
The new interface design partially borrows from the software style of Vision Pro, aiming to simplify user operations and navigation methods, unify the interfaces of different operating systems (such as macOS, iOS, and visionOS), and reduce the sense of discontinuity when users switch between different devices. This upgrade has become a key project for Apple's software engineering organization and design team. The software design is led by Alan Dye, a long - serving Apple executive who was involved in the design of the Apple Watch operating system and iOS 7. (IT Home)
Trump Posts in Support of Musk: I'll Buy a Tesla Tomorrow Morning
On March 10 local time, US President Trump posted on social media to express his support for Musk. He wrote that for Republicans, conservatives, and all Americans, Musk is going all out to help our country and doing an excellent job. However, "radical left-wing lunatics" are trying to collude illegally to boycott Tesla in order to attack and harm Musk and all that he represents. "Anyway, I'll buy a brand-new Tesla tomorrow morning to show my trust and support for Musk - he's a truly great American." (Jiemian News)
The three major U.S. stock indexes closed down collectively, and large technology stocks showed mixed performance
36Kr learned that at the close on March 11, the three major U.S. stock indexes fell collectively. The Dow Jones Industrial Average dropped 1.14%, the Nasdaq Composite declined 0.18%, and the S&P 500 Index decreased 0.76%. Large technology stocks showed mixed performance. Tesla and Netflix rose more than 3%, Amazon, Meta, and NVIDIA rose more than 1%, and Microsoft had a slight increase; Arm fell more than 4%, Apple dropped more than 2%, and Google declined more than 1%. Most popular Chinese concept stocks rose. NIO rose more than 17%, XPeng Motors rose more than 14%, Li Auto rose 7%, Alibaba and Bilibili rose more than 4%; Tencent Music fell more than 5%.
Huaren Film Industry Responds to Overseas Promotion and Distribution Issues of "Ne Zha 2"
36Kr learned that Huaren Film Industry issued a long - article response regarding the overseas promotion and distribution of "Ne Zha 2". It stated that Huaren Film Industry is not the global overseas distributor of "Ne Zha 2", but only the regional distributor for North America, Australia, and New Zealand. Due to factors such as copyright from the film production company, there was no pre - screening arrangement. At that time, Huaren Film Industry took on the distribution rights for the relevant regions with a high - price guarantee, prepared to face losses. Meanwhile, as the guaranteed distributor, Huaren Film Industry not only bears all the promotion and distribution costs, but also needs to obtain authorization from the copyright holder for various tasks. Any additional budget also requires review and confirmation from the copyright holder.
Liu Jie of Li Auto: The road test of the lightly camouflaged Li i8 has begun, and the product performance has entered the final refinement stage
36Kr learned that Liu Jie, the vice president of Li Auto, posted on Weibo on March 11, stating that the road test of the lightly camouflaged Li i8 has begun, and the product performance has entered the final refinement stage. Focusing on user value and experience, there can be no slack at all.
Dell CEO: Trump, Musk and Executives of Multiple Tech Companies Discuss Improving Government Efficiency
Michael Dell, Chairman and CEO of Dell Technologies, posted on social media platform X on March 11, stating that on March 10, he had discussions with US President Trump, Elon Musk, and executives of other tech companies, "to discuss improving government efficiency and accelerating the United States' leadership in the fields of artificial intelligence and technology." Dell said that he will conduct more "positive discussions" with policymakers and customers this week. (Jiemian News)
Muyuan Foods Responds to Rumors of Hong Kong Listing: Refer to the Company's Official Announcement
Recently, market sources reported that "pork producer Muyuan Foods is said to be considering a secondary listing in Hong Kong." In response, a relevant person in charge of Muyuan Foods stated that the issuance of H-shares is a major matter, and the company will make announcements through legal information disclosure media in accordance with laws and regulations. Please refer to the company's official announcements to avoid the impact of information dissemination on the market. (The Paper)
Approximately 10 suppliers of TSMC plan to establish a joint - venture supply chain company in the United States
36Kr learned that, according to reports, approximately 10 suppliers of TSMC plan to establish a joint - venture supply chain company in the United States.
New "Add to Calendar" Button Powered by Gemini Added to Gmail
A useful new feature powered by Google's Gemini artificial intelligence has been launched for Google Workspace users. Starting from March 10th, users can directly add events from their emails to Google Calendar. Gemini will automatically detect calendar-related content in the email and display an "Add to Calendar" button. After clicking the button, the Gmail sidebar will open to confirm that the event has been added to the calendar. (Sina Finance)
Nissan CEO Makoto Uchida May Step Down by the End of This Month
According to reports, Nissan held a board meeting on March 11 and decided that CEO Makoto Uchida will step down at the end of March. The successor will be Ivan Espinosa, the company's product planning chief. (Jiemian News)
Porsche Acquires High - Performance Battery Business of Germany's Varta
Porsche globally announced that it officially acquired V4Drive GmbH, a subsidiary of the German Varta AG Group, on March 1, 2025, and renamed it V4Smart. The two parties will promote the production of high - performance batteries under the V4Smart brand. The V4Smart battery is a key component of the high - performance hybrid system T - Hybrid. Porsche Equipment Manufacturing Co., Ltd. has begun to strongly assist the Ellwangen plant in mass - producing the batteries that will be used in the new 911 GTS models. The new plant in Nördlingen will also start production in April. By the end of this year, the number of employees in the two plants is expected to reach 375. (Jiemian News)
Japan Fails to Secure US "Tariff Exemption"
It is reported that Yoji Muto, Japan's Minister of Economy, Trade and Industry who is currently visiting the United States, said that the US has not promised to exclude Japanese steel, aluminum and automobiles from the list of goods subject to additional tariffs. Seeking "tariff exemption" is the main purpose of Muto's visit to the US. After a meeting with US Commerce Secretary Howard Lutnick in Washington, the US capital, Muto told the media on the 10th local time that he "had expressed the hope that Japanese steel and aluminum products be excluded, but did not get a commitment." Regarding the US auto tariffs whose details are to be announced in April, Muto said that the US has not clearly excluded Japan. When asked by reporters whether the US would regard Japan's safety inspection standards as non - tariff barriers, Muto said that "specific contents have not been discussed." (Xinhua News Agency)
The Cutting - Edge of AI
Apple AI English Official Version to Be Launched in Early April
On March 11th, Apple pushed the iOS/iPadOS 18.4 Developer Preview Beta 3 update to iPhone and iPad users. This update came 7 days after the last Beta/RC release. This update adds several features, including the "Priority Notifications" feature, a cooking section in Apple News+, support for more languages, and apps specifically designed for Vision Pro. The official version is expected to be released in early April.
Among them, Apple Intelligence now supports French, German, Italian, Portuguese (Brazil), Spanish, Japanese, Korean, and Simplified Chinese, as well as localized English in Singapore and India. (IT Home)
DeepSeek Debunks Rumors of R2's Imminent Release
Previously, market sources reported that the DeepSeek - R2 model was set to be released on March 17th. The reports also claimed that R2 had achieved breakthroughs in several key areas, including better programming capabilities, multilingual reasoning abilities, and providing higher accuracy at a lower cost. In response to this rumor, DeepSeek's official corporate consulting account replied in the user group, "Debunking: The release of R2 is false news." (Sina Technology)
Alibaba Tongyi Qianwen Responds to Cooperation with Manus: Open-Source Model Cooperation is Underway, Looking Forward to Collaborating with More Global AI Innovators
Zhang Tao, a partner at Manus, announced that to meet the needs of Chinese users, Manus has reached a strategic cooperation with the Alibaba Tongyi Qianwen team. The two sides will work on enabling all of Manus' functions on domestic models and computing power platforms based on the Tongyi Qianwen series of open-source models.
It is reported that the two technical teams have now launched close collaboration and are jointly committed to creating more creative general intelligent agent products for Chinese users. In response, Alibaba Tongyi also stated, "Manus and Tongyi Qianwen are indeed collaborating on open-source models. We look forward to collaborating with more global AI innovators." (Sina Technology)
A High-profile Conference on Zhejiang's AI Industry is about to be held, with Alibaba, Huawei, Inspur Hyperfusion, etc. to Participate
To thoroughly implement the national strategic deployment for the development of artificial intelligence and promote the in-depth integration of artificial intelligence with cutting-edge technologies such as cloud computing, on March 13th, the "Cloud Intelligence Gathering Energy, Jointly Building a New Future for the AI Industry - Artificial Intelligence and Controllable Cloud Computing Industry Ecosystem Conference" hosted by Zhejiang Computing Power Technology and guided by the Hangzhou Economic and Information Technology Bureau and the Hangzhou Data Resources Bureau will be held in Hangzhou. According to the agenda, the conference will officially launch the Hangzhou Computing Power Resource Scheduling Service Platform, hold a signing ceremony for the computing power ecosystem community, and conduct a signing ceremony for the strategic cooperation between Zhejiang Computing Power and Hygon Information. Meanwhile, Zhejiang Computing Power, Alibaba Cloud, Huawei, Inspur Hyperfusion, Hygon Information, Dayu Technology, and Wuwenxinqiong will deliver keynote speeches. (Securities Times)
CoreWeave Signs $11.9 Billion Contract with OpenAI Ahead of IPO
CoreWeave, an AI startup backed by NVIDIA, announced that it has signed a five - year, $11.9 billion agreement with OpenAI on the eve of its highly anticipated stock market debut. Under the agreement, CoreWeave will provide AI infrastructure for OpenAI. The agreement stipulates that OpenAI will acquire an equity stake in CoreWeave. CoreWeave will issue $350 million worth of shares to the developer of ChatGPT through a private placement during its initial public offering. As one of the hottest AI startups in the United States, CoreWeave will not receive any proceeds from this share allocation to OpenAI. (Sina Finance)
Financial Reports of Large Companies
Oracle's Quarterly Earnings Report Disappoints, Stock Price Drops in After-Hours Trading
The revenue performance of U.S. technology company Oracle in the last fiscal quarter was disappointing, and its outlook for this fiscal quarter was also lower than analysts' estimates. Oracle's revenue in the third fiscal quarter increased by 6% to $14.1 billion, while analysts' average estimate was $14.4 billion. Cloud business revenue also fell short of expectations, and the company's stock price declined in after-hours trading. However, the company said that orders had surged and expected that its growing cloud business would boost revenue in the next two fiscal years. Oracle's remaining performance obligation value (a measure of orders) for the quarter ended February 28 was $130 billion, up from $97.3 billion in the previous fiscal quarter. Oracle expects revenue to grow by 15% in the fiscal year starting in June and 20% in fiscal year 2027. (Sina Finance)
Volkswagen expects its operating profit margin to drop to 5.5% in 2025
Volkswagen Group said on March 11 that it expects its operating profit margin to fall from 5.9% in 2024 to 5.5-6.5% in 2025. The company's operating profit in 2024 declined by 15% to 19.1 billion euros (equivalent to $20.8 billion), with revenues reaching 324 billion euros. Last year, the company twice lowered its performance forecasts due to weaker-than-expected sales of its passenger car brands. (Sina Finance)
Lego Group: Revenue up 13% and profit up 10% in 2024, both hitting new highs
The Lego Group released its annual financial report for 2024. In fiscal year 2024, the company's revenue increased by 13% year-on-year to DKK 74.3 billion compared with fiscal year 2023, and sales rose by 12%. Operating profit increased by 10% to DKK 18.7 billion, and net profit increased by 5% to DKK 13.8 billion. In this fiscal year, both the revenue and operating profit of the Lego Group reached record highs. (Jiemian News)
Laofengxiang: Net profit of 1.95 billion yuan in 2024, a year-on-year decrease of 11.95%
36Kr learned that Laofengxiang released its performance bulletin. In 2024, the company achieved an operating revenue of 56.793 billion yuan, a year-on-year decrease of 20.5%; the net profit was 1.95 billion yuan, a year-on-year decrease of 11.95%; the basic earnings per share were 3.73 yuan.
Cool Products
The pre - sale of Leapmotor B10 has started, with a starting price of 109,800 yuan
36Kr learned that on March 10th, the pre - sale of Leapmotor B10 officially started. The price range is from 109,800 yuan to 139,800 yuan, and the 510 LiDAR intelligent driving version is priced at 129,800 yuan.
ZhiYuan Robotics Unveils the Latest Bipedal Humanoid Robot, Lingxi X2
ZhiYuan Robotics has launched the latest bipedal intelligent interactive humanoid robot, Lingxi X2, equipped with an emotion computing engine. (Securities Times)
Compiled | Wang Xinyi