Krypton Evening News | Meituan: Subsidize endowment insurance for delivery riders, and start the pilot program from now on; XPeng Motors established a new sales and service company in Chengdu with a registered capital of 5 million yuan; GAC Group: The automobile sales volume in March was 173,929 units, a year-on-year decrease of 3.01%.

Large Companies:

Meituan: Subsidize Endowment Insurance for Riders, Pilot Program to Start Immediately

36Kr learned that according to Meituan's official Weibo, Meituan has launched a pilot program for riders' endowment insurance immediately. The first batch of pilots has started today in two urban areas, Quanzhou in Fujian and Nantong in Jiangsu, and is open to all riders in the regions. It will gradually cover the whole country later.

Donkey Head Beverage Submits IPO Application to the Hong Kong Stock Exchange

36Kr learned that Donkey Head Beverage has submitted an IPO application to the Hong Kong Stock Exchange. The joint sponsors are Huatai International, Morgan Stanley, and UBS Group.

XPeng Motors Establishes a New Sales and Service Company in Chengdu with a Registered Capital of 5 million RMB

36Kr learned that Tianyancha App shows that recently, Chengdu Yuepeng Automobile Sales and Service Co., Ltd. was established. The legal representative is Han Jian, and the registered capital is 5 million RMB. Its business scope includes the sales of new - energy vehicles, electric accessories for new - energy vehicles, vehicle charging services, sales of battery parts, wholesale of automobile parts, and rental services for small and medium - sized passenger cars. It is wholly owned by Chengdu XPeng Automobile Sales and Service Co., Ltd.

Douyin Group Enters Guangzhou

36Kr learned that according to Guangzhou Release, on March 31, Douyin Group won the bid for Plot AH041101 in the middle - second area of Pazhou with a total price of 1.214 billion yuan. Plot AH041101 in the middle - second area of Pazhou covers an area of about 5.5 hectares, with a construction area of about 71,000 square meters and a floor area ratio of 1.84. It is planned as a commercial and business - compatible facility land. Douyin Group plans to use the newly - acquired plot to build the Douyin South China Innovation Base. At the same time, it will also leverage its industrial driving ability to prosper the industrial ecosystems of digital marketing, digital entertainment, and artificial intelligence in Guangzhou and Haizhu District.

Alibaba Pictures Establishes Luming Interactive Entertainment Technology Company in Shanghai

36Kr learned that Tianyancha App shows that recently, Shanghai Luming Interactive Entertainment Technology Co., Ltd. was established. The legal representative is Cai Zheng, and the registered capital is 1 million RMB. Its business scope includes the production of e - sports audio - visual and digital derivative content, Internet information services, online cultural operations, and Internet game services. Shareholder information shows that the company is wholly owned by Zhejiang Dongyang Alibaba Pictures Co., Ltd.

Amazon to Launch the First Batch of Kuiper Satellites as Soon as Next Week, Expected to Start Providing Internet Services This Year

Amazon announced on April 2 (local time) that it plans to launch the first batch of 27 Kuiper satellites in Florida, the United States, no earlier than April 9 (local time) to fully deploy the satellite Internet network. Amazon said that it expects to start providing services to customers later this year. Amazon's Kuiper project aims to send more than 3,200 satellites into low - Earth orbit. (Jiemian)

GAC Group: Sold 173,929 Vehicles in March, a Year - on - Year Decrease of 3.01%

36Kr learned that GAC Group announced that it sold 173,929 vehicles in March, a year - on - year decrease of 3.01%. Among them, the sales volume of new - energy vehicles was 33,362, a year - on - year decrease of 0.72%.

Great Star Industrial: After the Tariff Adjustment Last Night, Price Increases in the Hand - Tool Industry Are Expected to Occur Soon

36Kr learned that Great Star Industrial released an announcement on the record of investor relations activities, saying that according to the semi - annual report of 2024, Great Star Industrial's current revenue from the US market accounts for about 65% of its total revenue. At present, the entire industry will have a need for price increases in the future. After the tariff adjustment last night, our response was to start raising prices the next day. It is expected that price increases in the entire industry will occur soon. Currently, the production capacity in Southeast Asia is still insufficient, and the orders are relatively full. In the current situation, Southeast Asia is still a good choice. Note from Xiaocai: Concept stocks with a high proportion of foreign sales tumbled collectively today. Great Star Industrial, which mainly deals in hand - tools, power tools, etc. and has a foreign revenue proportion of over 95%, closed at the daily limit down.

Lier Chemical: Expected to See a 203% - 224% Year - on - Year Increase in Net Profit in Q1 2025
 

36Kr learned that Lier Chemical announced that from January 1, 2025, to March 31, 2025, the net profit attributable to shareholders of the listed company is expected to be between 145 million yuan and 155 million yuan, a year - on - year increase of 203.08% - 223.98% compared with 47.8418 million yuan in the same period last year. During the reporting period, the sales volume and prices of some of the company's products increased, resulting in a year - on - year increase in the operating performance in the first quarter.

Investment and Financing:

"Buting Technology" Completes Tens of Millions of US Dollars in Series B Financing

36Kr learned that recently, "Buting Technology" announced the completion of Series B financing, with a financing amount of tens of millions of US dollars. The lead investor is Wuyuan Capital, and Alphaist Partners participated in the investment. Xingchen Capital served as the long - term exclusive financial advisor for the financing. This is another round of financing completed by Buting Technology within half a year after the Series A++ round. The funds will be used to accelerate product iteration, increase investment in new technologies, and improve global delivery capabilities. Buting Technology is currently the only company in the world capable of enabling world - class leading customers to achieve digital transformation in the kitchen and continues to lead the AI digital kitchen era from 1.0 to 2.0.

DeepBlue Technology Receives Hundreds of Millions of Yuan in Pre - IPO Round Financing from Pudong Venture Capital Group

36Kr learned that DeepBlue Technology, an enterprise in the field of artificial intelligence, announced that it has received hundreds of millions of yuan in Pre - IPO round investment. This round of financing was participated in by Pudong Venture Capital Group. It is reported that DeepBlue Technology was founded in 2014, and its main business covers multiple fields such as autonomous driving, intelligent robots, industrial intelligence, and AI medical care. Through the integrated delivery of software and hardware, DeepBlue Technology has developed a number of AI equipment products with globally leading technologies, such as commercial cleaning robots, digital health robots, and autonomous driving buses, achieving large - scale implementation of technologies.

New Products:

OpenAI Announces the Launch of AI Agent Evaluation Benchmark PaperBench

On April 2 (local time), the US OpenAI announced the launch of PaperBench, a benchmark for evaluating the ability of AI agents to reproduce cutting - edge AI research. Agents need to reproduce 20 ICML 2024 Spotlight and Oral papers from scratch, including understanding the contributions of the papers, developing code libraries, and successfully conducting experiments. It is reported that after testing multiple cutting - edge models on PaperBench, it was found that the best - performing agent, Claude 3.5 Sonnet (new version), combined with an open - source framework, had an average reproduction score of 21.0%. Finally, it recruited top machine - learning doctors to try some test sets and found that the performance of the above - mentioned models has not yet exceeded the human baseline. (Jiemian)

Mercedes - Benz's Next - Generation Hydrogen Fuel - Cell Trucks Expected to Be Put into Use by the End of Next Year

According to Daimler Truck, the company has launched the first batch of prototypes of Mercedes - Benz's next - generation fuel - cell trucks and conducted a 14 - day test in the Simplon Pass in the Canton of Valais, Switzerland, including tests on the fuel cell, high - voltage battery, electric drive axle, hydrogen storage system, and thermal management. Two Mercedes - Benz GenH2 hydrogen fuel - cell prototypes traveled a total of 6,500 kilometers with a total weight of 40 tons and a cumulative climb of 83,000 meters under conditions such as a maximum altitude of over 2,000 meters and starting to climb from a height of 600 meters. The next - generation fuel - cell trucks are planned to be assembled at the Wörth plant and are expected to be put into use in customer fleets by the end of 2026. (Cailian Press)

Today's Views:

Zhuochuang Information: The Price of Soybean Meal Rose First and Then Fell in Q1, and Supply Will Still Be the Dominant Factor in the Later Period

According to Zhuochuang Information, the spot price of soybean meal in China showed a trend of rising first and then falling in the first quarter, with a large fluctuation range and a long one - way movement time. Behind the market trend, supply was the main factor, and demand played a supporting role, which is consistent with the previous characteristics of soybean meal price fluctuations. Looking forward, with the supply side about to reach an inflection point becoming a market consensus, the uncertainty may still lie in the international soybean market. Zhuochuang Information expects the soybean meal price to decline in an overall fluctuating manner in the second quarter. (Securities Times)

Huatai Securities: It is recommended to pay attention to insurance companies with good asset - liability matching and growth resilience
36Kr learned that according to the research report analysis of Huatai Securities, listed insurance companies in 2024 achieved high profit growth, while the growth rate of net assets was relatively slow (even negative growth), reflecting the problem of out - of - sync between profits and net assets. Under the new accounting standards, profits are more sensitive to stock market fluctuations, while net assets are more affected by the bond market. Under certain conditions, the trends of the two will seriously diverge. At the same time, the new business value (NBV) of insurance companies grew strongly in 2024, with the highest growth rate approaching 130% on a comparable basis, mainly driven by the increase in the NBV profit margin, and the growth of new single - premium basically stopped. In the 2024 annual reports, each insurance company once again lowered the assumptions of investment yield and risk discount rate, which had a negative impact on NBV and embedded value. We believe that the importance of net assets is increasing, and it is recommended to pay attention to insurance companies with good asset - liability matching and growth resilience.

Other news worthy of attention:

Elon Musk denies ending his work at the "Department of Government Efficiency" ahead of schedule

American entrepreneur Elon Musk said on social media on April 2 that the report about him soon resigning from his position at the U.S. Department of Government Efficiency was "fake news." White House Press Secretary Karine Jean - Pierre retweeted the report about Musk's resignation on social media that day and said, "This 'exclusive news' is trash." Musk then retweeted Jean - Pierre's post and said, "Yes, fake news." (CCTV News)

Three departments: Encourage regions with conditions to expand dispute mediation service stations close to the places where financial disputes occur

36Kr learned that the National Financial Regulatory Administration, the People's Bank of China, and the China Securities Regulatory Commission recently jointly issued the "Opinions on Promoting the High - quality Development of Financial Dispute Mediation Work", proposing to encourage regions with conditions to expand dispute mediation service stations close to the places where financial disputes occur, or for financial dispute mediation organizations to carry out mobile mediation, on - site mediation and other methods to provide convenient offline mediation services nearby. It is encouraged to establish corresponding mediation service mechanisms for key groups such as the elderly, the disabled, and new urban residents, as well as emerging fields. It is encouraged to set up mediation service zones in financial consumer education bases, investor education bases, financial institution outlets, etc., and dispatch mediators to broaden the offline service channels for resolving financial disputes.