Krypton Evening News | Yuewen Short Dramas Announces the Opening of 2,000 IPs for Co - creating High - quality Short Dramas with the Whole Industry; Tencent's Hunyuan Training Camp Opens, Co - creating More than 50 Application Scenarios for Large Models; Nanjing Expands the Scope of Using Housing Provident Fund to Pay the Down Payment for House Purchase to the Parents and Children of Homebuyers
Large Companies:
On March 31st, Cathay Capital Partners, together with L'Oréal Group and the government of Shanghai Jing'an District, jointly announced the establishment of the "Cathay Capital Beauty Future Fund". The fund focuses on investing in innovation trends and value categories related to "beauty" in the domestic market, promoting the high - quality development of China's beauty and skincare industry. Over the past decade, Cathay Capital and L'Oréal have continuously deepened their cooperation in multiple dimensions such as investment, brand incubation, and technological innovation. Collaborating with the Jing'an District Government this time is conducive to the in - depth integration of industry, capital, and regional advantages, further facilitating the innovation and global development of China's beauty industry.
On March 31st, at its annual live - streaming festival, Taobao Live announced that in 2025, it will comprehensively step up its efforts in high - quality live - streaming, adding 11 billion yuan in investment. Its goal is to double the transaction volume and user scale in two years and help more ecological partners achieve certain growth through high - quality operations. Meng Xin, the general manager of Taobao Live's operations, said that in 2025, Taobao Live will continue to invest in user growth, operate high - quality product inventories, and support professional live - streamers. Data shows that in 2024, the number of annual active buyers on Taobao Live exceeded 200 million, the transaction volume of core live - streamers increased by 31% year - on - year, and the transaction volume of core store live - streaming increased by 36% year - on - year. Taobao's high - quality live - streaming model has brought stable growth. Industry analysts believe that with 1 billion annual active buyers in Alibaba's ecosystem, there is still huge growth potential for Taobao Live in terms of live - streaming user penetration.
Huawei: Its Intelligent Vehicle Solutions Achieved Profitability for the First Time in 2024
36Kr learned that Huawei stated that in 2024, Huawei's connectivity business overcame the trough of the industry investment cycle and maintained stable business results; the computing business, thanks to a decade - long early layout, seized AI opportunities and achieved significant growth; the terminal business returned to the fast - lane of growth, and the HarmonyOS ecosystem is making historical breakthroughs; Huawei Cloud continued to optimize its business structure; the digital energy business adhered to quality - first; and its intelligent vehicle solutions achieved profitability for the first time in the same year.
36Kr learned that on March 31st, Kong Hui, the person in charge of Kuaishou's e - commerce advertising products and traffic product business at the Magnet Engine, revealed at the 2025 Magnet Conference that the full - station promotion, a dedicated investment and marketing product for e - commerce merchants, has been upgraded to version 4.0. Through multi - field traffic exploration, full - link e - commerce distribution, and refined traffic control, it enables merchants' all - domain operations. Since the upgrade, the full - station promotion 4.0 has brought more than 60% GMV growth to merchants. Meanwhile, in 2024, the transaction volume of Kuaishou's e - commerce general shelf field increased by 61.3% year - on - year, the average daily number of buyers increased by 65.7%, and the average daily number of merchants increased by 119%. The average daily number of products promoted by the "product card promotion", a marketing tool for the shelf field, increased by 189% year - on - year in 2024, becoming a powerful tool to help merchants seize new growth opportunities.
36Kr learned that on March 31st, Yuewen Short Dramas, a short - drama brand under Yuewen Group, announced a business upgrade, opening more than 2,000 online novel IPs to create high - quality short dramas. It also released a list of the first batch of 300 online novel IPs, calling on screenwriters and production companies across the industry to cooperate with Yuewen Short Dramas to co - create high - quality works. This is also an upgrade and expansion of the number and themes of IPs for cooperation with the whole industry after Yuewen Short Dramas announced the opening of 150 online novel IPs for co - creation at the Yuewen Creation Conference last year.
36Kr learned that on March 28th, the first - phase "Tencent Hunyuan Training Camp", jointly initiated by Tencent Cloud and Tencent Hunyuan and jointly organized by Tencent School, was officially launched. 50 enterprise trainees from ecological partners in more than ten industries such as education, healthcare, and finance explored and co - created more than 50 scenarios where large models can be applied in the industry by analyzing scenario pain points in teams, disassembling scenario requirements, and matching co - construction capabilities. They also plan to jointly develop relevant large - model applications based on this.
New Products:
Baidu Releases an End - to - End Speech - Language Large Model with Up to 90% Cost Reduction
36Kr learned that on March 31st, at Baidu AI DAY, Baidu released the industry's first end - to - end speech - language large model based on a new cross - attention mechanism, achieving ultra - low latency and ultra - low cost. In the voice - answering scenario of the telephone voice channel, the call cost is about 50% - 90% lower than the industry average. On the same day, Wen Xiaoyan announced a brand refresh, being the first to access this model and also bringing function upgrades such as multi - model fusion scheduling and image - answering.
Today's Views:
36Kr learned that Meng Wanzhou, the rotating chairperson of Huawei, said in her speech that in 2024, all Huawei employees worked hard to cope with various external challenges, continuously improving product quality, business quality, and operational efficiency. The annual sales revenue reached 862.1 billion yuan, and the business results met expectations. Among them, the connectivity business overcame the trough of the industry investment cycle and maintained stable business results; the computing business, thanks to a decade - long early layout, seized AI opportunities and achieved significant growth; the terminal business returned to the fast - lane of growth, and the HarmonyOS ecosystem is making historical breakthroughs; Huawei Cloud continued to optimize its business structure; the digital energy business adhered to quality - first; and its intelligent vehicle solutions achieved profitability for the first time in the same year. Meng Wanzhou pointed out that in the next 10 years, the demand for AI computing power will continue to increase, which will be a huge opportunity for system - to - system development. Huawei should adhere to long - termism and develop in the same direction as the trend. (Jiemian)
Other Noteworthy News:
China's Data Market Transaction Volume Exceeded 160 Billion Yuan in 2024
Today, the State Council Information Office held a press conference. Relevant officials from the National Data Bureau said that in 2024, China's data market transaction volume exceeded 160 billion yuan, a year - on - year increase of more than 30%. Among them, the data transaction volume in the on - site market doubled year - on - year. In terms of the development of public data resources, China's total data resource production continued to rise, with an expected year - on - year increase of more than 20% in 2024. The National Public Data Resource Registration Platform was launched on March 1st. In addition, relevant parties are promoting the research and formulation of 41 national standards in the data field, organizing 18 cities such as Beijing and Shanghai to conduct pilot projects on typical technical routes, and accelerating the large - scale deployment and systematic application of the national data infrastructure. (CCTV News)
US Supply Cut Causes WHO Funding Shortage, WHO Plans to Lay Off Staff
WHO Director - General Tedros Adhanom Ghebreyesus said in an internal email to the agency's staff recently that after the United States announced its withdrawal from the World Health Organization and demanded a suspension of funding and resource provision to the WHO, the WHO has cut its overall budget by about one - fifth, which has also forced the agency to reduce the number of its staff. Lay - offs are an unavoidable choice. The WHO will first reduce high - level leadership positions at its headquarters in Geneva, Switzerland, and positions in other regions and at other levels will also be correspondingly reduced. (Caixin)
To improve the social credit system, the General Offices of the Communist Party of China Central Committee and the State Council recently issued the "Opinions on Improving the Social Credit System". The opinions deploy 23 policy measures, covering five aspects including building a social credit system covering all types of entities, consolidating the data foundation of the social credit system, improving the incentive mechanism for trustworthy behavior and the punishment mechanism for untrustworthy behavior, improving the supervision and governance mechanism based on credit, and enhancing the market - oriented and socialized level of the social credit system. The opinions point out that a social credit system covering all types of entities, with unified institutional rules, and for co - construction, sharing, and common use should be built, promoting the in - depth integration of the social credit system with all aspects and links of economic and social development, and providing strong support for accelerating the construction of a unified national market, maintaining a fair and orderly competitive market environment, and promoting high - quality development. (Xinhua News Agency)
36Kr learned that the Nanjing Housing Provident Fund Management Center has expanded the implementation scope of the "Detailed Rules for the Implementation of Optimizing the Regulations on Withdrawing Housing Provident Fund to Pay for House Purchase in Nanjing". If the homebuyer's parents and children meet the withdrawal conditions, they can apply to withdraw the housing provident fund to pay for the down payment of the house. The balance in the homebuyer's and the homebuyer's spouse's housing provident fund accounts should be withdrawn first. Only when the account balance is insufficient can the balance in the homebuyer's parents' and children's housing provident fund accounts be withdrawn. When applying for withdrawal, the homebuyer's parents and children should not have any outstanding housing provident fund loans and should not have signed a monthly housing provident fund repayment agreement. The implementation period of the detailed rules will be extended to December 31, 2026.