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Earthquakes may trigger local tsunamis around the epicenter.

Top 3 Big News

A 7.9-magnitude earthquake in Myanmar may trigger a tsunami, and the capital of Thailand declares a state of emergency

At 14:20 on March 28th, a 7.9-magnitude earthquake occurred in Myanmar, and the tremors were clearly felt in many parts of Yunnan Province. This earthquake is the 17th earthquake of magnitude 6 or above globally since the beginning of this year, and it is also the largest earthquake so far this year. The earthquake may trigger a local tsunami around the epicenter. However, since the epicenter is outside the Pacific Ocean, it will not affect the Chinese coast.

In addition, strong tremors were felt in Bangkok and other places in neighboring Thailand. Thai Prime Minister Phethai Thongthan declared on the 28th that the capital Bangkok is in a state of emergency. (CCTV News)

It's reported that Dong Yuhui was almost hit by something thrown by the audience after the live - stream ended. A person on - site restored the situation: It's not as exaggerated as the online rumors

According to Sina Technology, on March 27th, a video uploaded by netizens showed that during the "Travel with Hui" event in Yunnan, when Dong Yuhui was about to leave after the live - stream ended, some audience members threw something at him and almost hit him. Just as the object was about to hit Dong Yuhui, it was timely noticed and caught by the anchor beside him, thus avoiding potential injuries. Netizens believe that such behavior should not be encouraged.

According to the recollection of a person who was at the event site that day, this incident should have occurred on March 26th. The on - site security was fine that day, and the atmosphere during the interaction was also good. Regarding the situation of the audience throwing objects, the person said that they didn't see clearly what the object was, but it seemed very light, like a doll or snacks, and it's not as exaggerated as the online rumors. (Sina Technology, Orient Finance)

Xiaomi Responds to Online Rumor of Lei Jun's Advertising Quote of 370,000 Yuan

Recently, some media reported that according to statistics from a third - party data platform, Lei Jun gained 4.53 million followers in the past 30 days. Moreover, his advertising quotes were exposed: 370,000 yuan for a 1 - 20 - second ad, 380,000 yuan for a 21 - 60 - second ad, and 420,000 yuan for an ad over 60 seconds. On March 27th, Wang Hua, the general manager of the public relations department of Xiaomi Group, posted a message saying that "as the founder of Xiaomi Group, Mr. Lei is very willing to sincerely support high - quality domestic brands he has experienced, but he has no plan to accept commercial orders, and the platform also has no right to accept commercial orders on his behalf." (Oriental Finance)

Big Companies/Big Events

Members of Musk's "Department of Government Efficiency" Make Their First Public Appearance

American billionaire Elon Musk, the head of the "Department of Government Efficiency" (DOGE), along with his team members, gave an exclusive interview to Fox News on March 27 local time. This is the first public appearance of the members of Musk's "DOGE". The host asked about Musk's status as a special government employee, and the term of this status is 130 days. Musk said that he believes he will "complete most of the required work" to cut the federal deficit by $1 trillion within this period. He and the Department of Government Efficiency team have made mistakes along the way, and they hope to be cautious in cost - cutting in the future. "When we make mistakes, we correct them quickly and then move on." Musk often talks about his work from the perspective of survival, saying that the country will be on the verge of bankruptcy unless he reduces government spending. (Phoenix.com)

Elon Musk Responds to Trump's Tariff Hike on Imported Cars: Significant Impact on Tesla

On the 26th local time, US President Donald Trump signed an executive order at the White House, announcing a 25% tariff on all imported cars. Shortly thereafter, Elon Musk, the CEO of Tesla and a close ally of Trump, replied to a relevant post on social media platform X the same evening, stating that Tesla was significantly affected by the tariffs. "It's worth noting that Tesla is not unscathed. The tariffs still have a great impact on Tesla," Musk said in the post. Subsequently, Musk also replied under another relevant post, saying, "To be clear, this will affect the prices of Tesla car parts from other countries. The impact on costs cannot be underestimated." (Global Times)

Spot gold hits a new high, reaching $3060, and the price of gold jewelry soars to 924 yuan

On March 27th local time, the spot price of London gold closed up 1.21%, at $3055.5515 per ounce, and the COMEX gold futures closed up 1.54%, at $3069 per ounce, both hitting record highs during the session. On the 28th, gold continued to rise. As of press time, the spot price of London gold was reported at $3064.3 per ounce, and the COMEX gold was at $3103 per ounce. The international gold price has risen by more than 16% this year. As of press time, a query by China News Service's Jingwei found that the price of domestic gold jewelry has also risen accordingly. Chow Sang Sang, a gold brand, quoted its pure gold jewelry at 934 yuan per gram, up 11 yuan per gram from the previous day; Lao Miao Gold was at 929 yuan per gram, up 11 yuan per gram from the previous day. (China News Service's Jingwei)

Lei Jun: The Chinese pronunciation of Xiaomi's SUV model, Xiaomi YU7, is "Xiaomi Yu 7".

36Kr learned that Lei Jun posted on Weibo that the Chinese pronunciation of Xiaomi's SUV model, Xiaomi YU7, is "Xiaomi Yu 7". The character "Yu" implies "a land chariot traveling against the wind".

The EU Plans to Impose Minimum Fines on Apple to Avoid Escalating Tensions with the US

The EU plans to impose minimum fines on Apple and Meta, the parent company of Facebook, under the Digital Markets Act next week to avoid escalating tensions with US President Trump.

According to people familiar with the matter, Apple is expected to be fined for issues related to its App Store rules and be required to modify the relevant rules. Previously, the EU investigated whether these rules restricted app developers from guiding consumers to make purchases or obtain discounts outside its platform. In addition, the EU will also conclude another investigation into Apple, which focused on the design of Apple's web browser selection interface, and will not impose further sanctions on Apple.

Meta will also face a fine and be required to change its "pay or consent" model, which requires users to either consent to data tracking or pay a subscription fee for an ad - free product experience. (IT Home)

Tencent to Invest €1.16 Billion in Ubisoft? Tencent President Martin Lau Says: "Delighted to Expand Cooperation"

According to Bloomberg, Ubisoft will spin off its most successful IP series and the subsequent products of its development teams into a subsidiary valued at approximately €4 billion ($4.3 billion). Tencent will invest €1.16 billion in it and acquire a 25% stake. In response, Tencent President Martin Lau said, "We are delighted to expand our long - standing partnership with Ubisoft through this investment. This reflects our continued confidence in Ubisoft's creative vision and outstanding talent, who will continue to drive the industry's ongoing success. We see great potential for these series to develop into long - lasting gaming platforms and create engaging new experiences for players." (Sina Tech)

Amazon AWS China to Lay Off 10%? Official Response: Seriously False, Actively Recruiting Continuously

According to relevant media reports, AWS Greater China has recently carried out lay - offs through two methods, "non - renewal of three - year contracts and PIP", covering roughly all departments, with "a proportion of about 10%". In response, Amazon AWS China stated, "The relevant reports are seriously false. Amazon Web Services continues to actively recruit talents in China." (Sina Technology)

WeChat's Latest Version Launches "Automatic Translation" and "Automatic Selection" Features

According to the official WeChat public account, in the latest version of WeChat, you can check "Automatically translate messages received in chats" in "Me - Settings - General - Translation", eliminating the need to long - press each message for translation. In the chat page, long - press a message, select "Multiple Selection", swipe to any position where you want to end, and click "Select Up to Here" to automatically select all the swiped messages. (Jiemian News)

Six Airports under the Thai Airports Public Company Limited Resume Normal Operations

The Thai Airports Public Company Limited announced on the 28th that after a comprehensive safety inspection following the earthquake, the six airports under its management in Bangkok, Chiang Mai, Phuket and other places have had their building structures and aviation infrastructure meet the safety standards and resumed normal operations at 14:30 on the same day. Suriyya Jungrungreangkit, Thailand's Deputy Prime Minister and Minister of Transport, had previously ordered all relevant civil aviation units across Thailand to suspend operations for one hour for a comprehensive safety inspection. The Thai Meteorological Department reported on the 28th that an earthquake occurred at 13:20 on the same day, with the epicenter in Myanmar. The earthquake was felt in Bangkok, the capital of Thailand, and its surrounding areas, as well as in the northern, northeastern, central and southern regions of Thailand. (Xinhua News Agency)

Novo Nordisk Says Generic Drugs Are Affecting Wegovy Sales and May Take Legal Action

Obesity drug giant Novo Nordisk said on March 27 that the rapid development of the compounding pharmacy industry in the United States is affecting the sales of Wegovy. CEO Lars Fruergaard Jørgensen told shareholders at the company's annual general meeting that the company is taking legal action against companies it believes are infringing on its intellectual property rights. "These are not semaglutide," he said of the compounded alternatives. "There is only one type of semaglutide, and patients really should check the product before injecting it." (Sina Finance)

Nature Survey: 75% of Scientists Polled Consider Leaving the US

The reduction of research funding in the United States has forced many scientists to rethink their careers. A survey of 1,650 scientists by the journal Nature shows that more than 1,200 scientists (about three - quarters of the total respondents) are considering leaving the United States amid the chaos caused by Trump, and Europe and Canada are the preferred destinations for relocation. (Cailian Press)

The Trump Organization Plans to Develop Billions of Dollars' Worth of Golf and Hotel Projects in Vietnam

The Trump Organization plans to develop billions of dollars' worth of golf and hotel projects in Vietnam. It is expected to announce the second deal by the end of 2025 and explore three or four projects in Vietnam. (Caixin Press)

China's independently developed "HL-2M Tokamak" (China Circulator No. 3) has achieved a temperature of over 100 million degrees for both ions and electrons for the first time, marking a major breakthrough in China's controllable nuclear fusion technology

It is learned from the China National Nuclear Corporation that the new - generation artificial sun, the "HL - 2M Tokamak", has for the first time achieved a temperature of over 100 million degrees for both atomic nuclei and electrons, with comprehensive parameters significantly improved, indicating a major breakthrough in China's controllable nuclear fusion technology. The "HL - 2M Tokamak" is a large - scale scientific device for controllable nuclear fusion independently developed by China. Its energy generation principle is similar to that of the sun's light and heat emission, so it is called a new - generation artificial sun. The latest experimental data shows that China's nuclear fusion device has achieved a parameter level of 117 million degrees for atomic nuclei and 160 million degrees for electrons for the first time, marking an important step forward in the engineering application of China's controllable nuclear fusion. (CCTV News)

Boycotting American goods has become a trend in Canada

Canadian Prime Minister Carney said on the 27th that the traditional relationship between Canada and the United States has ended. In the face of the continuously escalating tariff measures by US President Trump, Canada must fundamentally reshape a new economy. For Canada, a neighbor, ally, and important trading partner of the United States, Trump has been constantly wielding the tariff stick and repeatedly claiming to make the latter the "51st state" of the United States. From the public to local governments in Canada, there has been a trend of boycotting American goods, and "Protecting Canada and Guarding against the US" has become a key word in the general election. (Xinhua News Agency)

The forefront of AI

Is Manus Seeking $500 Million Valuation for Financing in Silicon Valley? Company Responds: No Comment

According to three people familiar with the matter, the Manus AI team is in talks with potential investors, including U.S. venture capital firms, planning a new round of financing at a valuation of at least $500 million (approximately 3.75 billion RMB), which is about five times higher than the previous valuation. Manus is developed by Butterfly Effect. According to insiders, this company, whose main team is based in Beijing, has recently contacted some U.S. investors both online and offline, and the scale of this round of financing may reach tens of millions of dollars. In response to this news, Butterfly Effect said: It has no comment on the financing situation. (Caijing.com)

Doubao Tests New Version of In - depth Thinking Function, Supporting Search - while - Thinking

36Kr learned that Doubao, an AI assistant, has recently tested a new version of the "In - depth Thinking" function. This function combines the thinking chain of the reasoning process with in - depth search, supporting "search - while - thinking". After users download the latest version of the Doubao App and activate the in - depth thinking mode, Doubao can call tools and search for information multiple times based on reasoning during the thinking process, providing more comprehensive, richer, and more accurate results.

Tanyu Officially Launches the Full - Process E - commerce AI Agents Platform: Tanyu ShopAgents

36Kr learned that Tanyu has officially released the industry's first full - process e - commerce AI Agents platform, Tanyu ShopAgents. It is understood that Tanyu ShopAgents is ready to use out of the box, allowing enterprises to independently create Agents, deeply connect enterprise data and systems, and create AI digital employees with different identities. These digital employees can work around the clock in scenarios such as pre - sales reception, marketing, and after - sales service, and intelligently perform tasks such as answering buyers' questions, predicting customer behavior, conducting targeted marketing, and processing work orders according to business logic.

OpenAI: The Updated GPT - 4o is Now Available to All Paid Users

OpenAI stated that the updated GPT - 4o is now available to all paid users, and free users will see it in the coming weeks. (Yicai Global)

Financial Reports of Large Companies

Li-Ning's revenue in 2024 reached 28.676 billion yuan, a year-on-year increase of 3.9%

36Kr learned that Li-Ning released the audited consolidated results of the Group for the year ended December 31, 2024. During the year, the Group's revenue was 28.676 billion yuan, a 3.9% increase compared to the same period in 2023. The gross profit was 14.156 billion yuan, a 6.0% increase compared to the same period in 2023. The Group's overall gross profit margin was 49.4%, up 1 percentage point from last year. During the year, the profit attributable to the equity holders of the Group was 3.013 billion yuan; the profit rate attributable to the equity holders was 10.5%; the return on equity attributable to the equity holders was 11.9%.

Dominos China's Adjusted Net Profit Reached 131 Million Yuan in 2024, a Year-on-Year Increase of 1394.2%

36Kr learned that Dashi Co., Ltd. released its 2024 annual performance announcement. Dominos China's total revenue in 2024 was 4.314 billion yuan, a year-on-year increase of 41.4%. The adjusted net profit was 131 million yuan, a year-on-year increase of 1394.2%. The company opened a net of 240 new stores in 2024, reaching a total of 1008 stores by the end of the year. Its business has expanded to 39 cities in China.

Lululemon: Global net revenue reached $10.6 billion in fiscal year 2024, a year-on-year increase of 10%

36Kr learned that Lululemon released its financial report for the fourth quarter and the full year of fiscal year 2024. The financial report shows that in the fourth quarter, the company's global net revenue was $3.6 billion, a year-on-year increase of 13%; among which, the net revenue of international business increased by 38% year-on-year. In fiscal year 2024, the company's global net revenue reached $10.6 billion, a year-on-year increase of 10%, and the net revenue of international business increased by 34% year-on-year. In the Chinese mainland market, in the fourth quarter of fiscal year 2024, the net revenue of the Chinese mainland business increased by 46% year-on-year, and the net revenue of the Chinese mainland market increased by 41% year-on-year throughout the fiscal year. As of the end of fiscal year 2024, the number of Lululemon stores in the Chinese mainland reached 151.

Great Wall Motor: Net profit in 2024 reached 12.692 billion yuan, a year-on-year increase of 80.76%

36Kr learned that Great Wall Motor announced that its total operating revenue in 2024 was 202.195 billion yuan, a year-on-year increase of 16.73%. The net profit attributable to shareholders of the listed company was 12.692 billion yuan, a year-on-year increase of 80.76%. The non-recurring profit and loss net profit was 9.735 billion yuan, a year-on-year increase of 101.4%. The basic earnings per share were 1.49 yuan, and a cash dividend of 0.45 yuan per share is proposed. The annual sales volume reached 1.2345 million vehicles, a year-on-year increase of 0.37%.

Keep: Revenue Reached 2.066 Billion Yuan and Gross Profit Reached 965 Million Yuan in 2024, with Gross Profit Margin Continuously Rising

36Kr learned that Keep, a sports technology company, released its annual performance report for 2024 as of December 31, 2024. During the reporting period, Keep achieved a revenue of 2.066 billion yuan and an adjusted net loss (measured by non - IFRS) of 469 million yuan; the gross profit was 965 million yuan, and the gross profit margin increased from 45.0% in the previous year to 46.7%. In terms of user scale, in 2024, Keep's average monthly active users and average monthly subscribed members were 29.92 million and 3.16 million respectively, with a membership penetration rate of 10.6%. As of the end of 2024, the Keep platform had more than 400 million registered users and 100 million annual active users, and the number of annual sports users exceeded 55 million.

Investment and Financing

"Hangzhou Xinqiang Technology" Completes Tens of Millions of Yuan in Series A Financing

36Kr learned that "Hangzhou Xinqiang Technology", a provider of full-stack digital solutions, announced the completion of a Series A financing led by CCB International. The funds from this round of financing will be used to accelerate technological R & D iteration, deepen industry scenario coverage, and officially launch the "Digital Escort Plan for All Industries", aiming to help 100,000 small and medium-sized enterprises cross the digital survival line in the next three years.

Cool Products

Apple Resubmits Patent for Cellular MacBook, MacBook May Achieve Independent Internet Connectivity

Reports say that Apple has been granted two patents, suggesting that the MacBook will have built - in cellular network antennas for the first time to achieve independent internet connectivity.

In the picture of the first patent, it can be seen that the future MacBook will include wireless circuits, supporting both cellular networks (long - range) and Wi - Fi/Bluetooth (short - range) communications, covering new wireless technologies such as the 2.4GHz/5GHz frequency bands and millimeter - wave. The antenna is located at position 23 and is embedded in the finger scoop area. By taking advantage of the natural hovering state of the user's palm when operating the trackpad, it minimizes signal interference.

The two patents exposed this time are Apple's first resubmission of patents related to the cellular - network MacBook after being quiet in 2017. In addition, combined with Apple's breakthrough in self - developed C - series chips, the media predicts that Apple will launch a cellular - network version of the MacBook between 2026 and 2027. (IT Home)

Compiled | Su Yuhan

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