1 Krypton at 8 a.m. | "Reciprocal tariffs" may cause the price of iPhones to soar to 16,000 yuan; Lei Jun made his first public statement after a 5-day hiatus from posting; Fat Donglai sued economist Song Qinghui and claimed one million yuan in compensation.
Top 3 Big News
US media claims: Tariffs may cause the price of iPhones in the US to soar, reaching up to 16,000 yuan at most
After US President Trump announced the so - called "reciprocal tariff" plan, Apple's stock price suffered a severe decline for two consecutive trading days. According to a report by Bloomberg, currently 90% of Apple's mobile phones are assembled in China. This means that Apple will have to face a difficult choice: whether to absorb the tariff costs on its own or pass them on to consumers. Reuters quoted analysts as saying that if Apple passes on all the tariff costs to consumers, the retail price of the iPhone 16 Pro Max in the US will rise from the current $1,599 to $2,300 (approximately 16,750 yuan). (CCTV News)
Lei Jun Speaks Out for the First Time After a 5-Day Hiatus: Xiaomi's Startup Journey Has Reached 15 Years, and We'll Keep Working Hard
After a 5-day hiatus from posting on Weibo, Lei Jun, the Chairman and CEO of Xiaomi, spoke out for the first time on April 6. He said, "Today, Xiaomi has been on its startup journey for 15 years. This is just the beginning, and we'll keep working hard." It is understood that Xiaomi was officially founded on April 6, 2010. Its initial office was located in Yingu Building. On the day of its establishment, Lei Jun and the other 12 members of the startup team celebrated Xiaomi's founding by having millet porridge together in the office. (Red Star News)
Fat Donglai Sues Economist Song Qinghui for One Million in Compensation, Song Qinghui Responds with "Fight to the End"
On the evening of April 5th, Fat Donglai Trading Group Co., Ltd. released the "Announcement on the Handling of Infringement Acts by Fat Donglai (V)", which shows that the remarks of Weibo user "Song Qinghui" are suspected of defaming the company's brand image. This has been listed as one of the infringement lawsuit cases, and the amount of liability pursued is not less than one million yuan. Previously, Song Qinghui commented on the topic "The average monthly salary of front - line employees at Fat Donglai is 9,886 yuan", saying that "Fat Donglai is an enterprise without any core competitiveness and can only survive by relying on traffic in various ways." Currently, Fat Donglai is pursuing relevant responsibilities through legal channels to safeguard its legitimate rights and interests. On April 6th, Song Qinghui posted a response saying "Fight to the end." (Poster News)
Big Companies/Big Events
Man's $5.5 million worth of goods purchased at Sam's Club were fraudulently claimed, Sam's Club responds
Recently, a consumption dispute that occurred at a branch of Sam's Club in Shenzhen has attracted wide attention. Complainant Mr. Yang told reporters that he had previously purchased a large quantity of products such as Moutai and Wuliangye through Sam's Club and had transferred a total of 6.5136 million yuan to Sam's Club's corporate account. However, after the transfer, Mr. Yang found that goods worth about 5.5 million yuan had been fraudulently claimed by others, and he has not been able to get his money back so far.
In response to the above situation, Walmart China said, "Sam's Club attaches great importance to and protects the legitimate rights and interests of its members. We have completed the delivery of the relevant order. Currently, the case is in the judicial process, and we are not in a position to disclose more details. We have been actively communicating with the customer under the coordination of relevant government departments, and we will also support and cooperate with the customer to properly resolve the issue through legal judicial channels." (Southern Metropolis Daily)
WeChat's Quoted Reply Function Updated: Now You Can Reply with Emojis
On April 3rd, according to the content released by WeChat Moment, WeChat's quoted reply function has been updated. Now users can quote emojis and voice messages for replies. Meanwhile, the reply content is no longer limited to text, and users can reply with voice messages and emojis. As soon as this update was released, it hit the hot search list. Netizens who love using emojis said it was an "epic update", and some netizens wished that emojis could also be used for comments in Moments. (Beijing News)
The United States Will Impose Reciprocal Tariffs on Multiple Countries Including Vietnam, and Brands Such as Nike May Be Forced to Raise Prices
According to the tariff list announced by Trump on April 2nd, the United States will impose reciprocal tariffs of over 30% on multiple countries including Cambodia, Vietnam, and Thailand. As an important part of the global supply chain, these countries are facing huge impacts. Data from the Vietnam Textile and Apparel Association shows that Vietnam's textile and clothing exports reached $44 billion in 2024, and the United States is its largest market. More than 35% of the production capacity of clothing brands such as Nike is concentrated in Vietnam. As the so - called "reciprocal tariff" measures of the United States are about to be implemented, these clothing brands will be forced to raise prices. (CCTV Finance)
Trump Responds to Stock Market Crash, Posts Message Telling Americans to "Hang In There"
Recently, the United States announced a so - called "reciprocal tariff" policy, which has triggered turmoil in the U.S. and global stock markets. All three major U.S. stock indexes have fallen by more than 5%, and all three major European stock indexes have declined. Analysts at AJ Bell estimate that the value of the global stock market has evaporated by about $4.9 trillion. According to a report in the Financial Times, the U.S. stock market has shrunk by $5.9 trillion in the past two days.
U.S. President Trump recently reposted a video posted by his supporter on social media. At the beginning of the video, it was stated that the stock market crash was "deliberate." After that, Trump posted another message telling Americans to "hang in there." However, the Yale University Budget Lab previously analyzed that the U.S. tariff policy may cause the overall inflation rate in the United States to rise by 2.3% this year - including a 2.8% increase in food prices and an 8.4% increase in car prices - which is equivalent to causing a loss of $3,800 to each ordinary American family. (Xinhua News Agency)
Six Chinese Chambers of Commerce Issue Statements in Response to US Tariff Hikes: Firmly Opposed
On April 2nd local time, the US government announced the imposition of so - called "reciprocal tariffs" of 34% on China. On April 5th, six chambers of commerce, namely the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Animal By - products, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, the China Chamber of Commerce for Import and Export of Metals, Minerals and Chemicals, the China Chamber of Commerce for Import and Export of Medicines and Health Products, the China Chamber of Commerce for Import and Export of Textiles, and the China Chamber of Commerce for Import and Export of Light Industrial Products and Arts and Crafts, issued a statement firmly opposing the US imposition of "reciprocal tariffs" and supporting the counter - measures taken by the Chinese government. (CCTV News)
Nintendo Announces: Postpones Pre - order Plan for Switch 2 in the US
On April 5th, Nintendo issued a statement saying that in view of the current assessment of the potential impact of US tariffs and the continuously changing market environment, the pre - order activity for Switch 2 in the US, originally scheduled to start on April 9th, will be postponed. Nintendo also emphasized that the release date of Switch 2 remains unchanged, still set for June 5th. At that time, Switch 2 will be launched in the US at a price of $450. The company has not yet determined a new pre - sale date. (Sina Finance)
The world's 500 richest people lost $536 billion in two days, with Musk suffering the biggest loss
After US President Trump announced new tariff measures, triggering a global market slump, the world's 500 richest people suffered the largest loss in the history of the "Bloomberg Billionaires Index" within two days. The report said that from the opening of the stock market on April 3 to the close on April 4, the billionaires on the wealth list lost a total of $536 billion. The report also said that in the past two days, Elon Musk, the CEO of Tesla and a "favorite" around Trump, suffered the most severe losses. Tesla's stock price tumbled more than 10% on April 4, and Musk's net worth shrank by $31 billion compared with the opening of the stock market on April 3, with a total loss of $130 billion so far this year. (CCTV News)
Spain Announces €14.1 Billion "Tariff Aid Plan"
Spanish Prime Minister Pedro Sánchez announced a €14.1 billion aid plan on the 3rd to protect the economy that may be affected by the new US tariff policy. Sánchez delivered a speech at the prime minister's office that day, emphasizing that the plan is to mitigate the negative impacts of the US trade war and serve as "a shield to protect our economy." It is reported that the plan will include €7.4 billion in new financing and €6.7 billion in existing available funds. Sánchez expressed regret over the new US tariff policy, saying that it is "bad news for Europe, the world, and Spain," and "neither Europe nor Spain can escape this impact." He also pointed out that the tariffs imposed by the EU on products imported from the US are only 3%, which is inconsistent with the 39% claimed by the US side. He also said that the EU will stand united and make an appropriate response. (Caixin)
Musk Denies Imminent Resignation from the Department of Government Efficiency
White House Press Secretary Levitt of the United States said on social media on April 2nd when reposting a report about Musk's resignation: "This 'exclusive news' is garbage." Musk then reposted Levitt's post and said, "Yes, fake news." The report reposted by Levitt in the post was published earlier that day by Politico of the United States. The report stated that Trump had told his inner circle and cabinet members that Musk would resign from his current position at the Department of Government Efficiency in the coming weeks. Trump is satisfied with Musk and the work of the Department of Government Efficiency, but the two decided in recent days that Musk would soon return to the business world. (Xinhua International)
China Merchants Bank to Stop ATM QR Code Deposit Services Starting April 9th. Previously, Multiple Banks Announced Cessation of Cardless Withdrawal Services
Recently, China Merchants Bank issued a notice stating that it will stop providing ATM QR code deposit services starting April 9th, 2025. In the past year, multiple banking institutions have announced the cessation of various services such as cardless deposit, cardless withdrawal, and QR code withdrawal. Several major state-owned banks took action last year. A customer manager at a commercial bank said that due to the rapid development of online banking services, the ATM QR code deposit function is not frequently used. Moreover, with the introduction of more convenient methods such as "face-scanning" for deposits and withdrawals, this function has started to seem somewhat "pointless." (Daily Economic News)
Insiders Respond to Yu Chengdong's Resignation as Chairman of the Automotive BU: He's Not Abandoning the Auto Business, but Focusing More on Huawei's Terminal and Hongmeng Smart Mobility
The certification information on Huawei's official website and Yu Chengdong's personal Weibo has changed. His current positions are "Executive Director and Chairman of the Terminal BG", no longer including "Chairman of the Intelligent Automotive Solution BU". An insider told Sina Technology that Yu Chengdong is no longer concurrently serving as the chairman of Huawei's Automotive BU. This doesn't mean he's giving up on the auto business, but rather focusing more on Huawei's terminal and Hongmeng Smart Mobility. Hongmeng Smart Mobility has created a unique automotive ecological application scenario with a high "Huawei content". Yinwang is taking over the original business of Huawei's Automotive BU and promoting solutions. The two have a clear layout and division of labor. (Sina Technology)
The total box office of new films during the Tomb-Sweeping Festival season in 2025 has exceeded 300 million yuan
36Kr learned that according to data from Maoyan Professional Edition, at 17:20 on April 6, 2025, the total box office of new films during the Tomb-Sweeping Festival season in 2025 exceeded 300 million yuan. "Minecraft: The Movie" continued to lead the way, while "Sunflower" and "Silent Love" ranked second and third respectively.
Cryptocurrencies Join the Global Market Plunge
According to data from cryptocurrency data provider Coin Metrics, the latest price of Bitcoin has dropped by 4% to $78,835.07. For most of this year, Bitcoin has been trading above $80,000, although it briefly fell below this level several times during recent fluctuations. Bitcoin is currently about 34% below its all-time high in January. Other cryptocurrencies suffered even greater losses overnight. Ether and tokens related to Solana each plunged about 10%. (Sina Finance)
Starbucks Significantly Slows Down Expansion Plan in India
Starbucks has significantly slowed down its ambitious expansion plan in India as the stressed middle - class consumers in the country have cut back on their spending at Starbucks. According to Sunil D’Souza, the CEO of Tata Consumer Products, Starbucks' joint - venture partner in India, the company announced last January that it would nearly triple its number of stores in India to 1,000 by 2028. However, in the last three months of 2024, the number of new stores opened was just a little over half of the quarterly target of 30. (Sina Finance)
The Cutting - Edge of AI
Meta Releases Latest AI Large Model Llama 4
Meta released the latest versions of its large language model Llama, Llama 4 Scout and Llama 4 Maverick, on April 5th. In a statement, Meta said that Llama 4 is a multimodal AI system capable of processing and integrating various data types such as text, video, images, and audio, and can achieve content conversion between different formats. It is reported that Scout and Maverick are the company's first models to adopt the Mixture of Experts (MoE) architecture, and both are released in an open - source form. In addition, Meta also previewed Llama 4 Behemoth, calling it "one of the smartest language models in the world and will serve as a teacher model for future model training." (Jiemian News)
Cool Products
Musk Says a 'Blindsight' Device Will Be Implanted in Humans for the First Time This Year, Allowing the Blind to See Again
Recently, at an event held in Wisconsin, USA, Musk announced that his brain-computer interface startup, Neuralink, will conduct the first human "blindsight" implantation by the end of 2025, aiming to restore the vision of the blind. A member of the audience asked Musk what his vision was for "solving the problem of blindness and bringing the solution to the public." Musk said, "Neuralink has installed a working device on monkeys, which we call blindsight. It has been very effective, and the monkeys have been healthy for several years." "We hope to implant the first device in humans later this year to enable those who are completely blind to see again," he said. The vision of the implant recipients will initially be of low resolution, "like the images on an Atari (early arcade game). But over time, I think the implant will ultimately make vision as good as that of Superman. So, it will be really cool." (Sina Finance)
iPhone 17 Air prototype model exposed, rear camera breaks the rounded - rectangle layout of previous generations
On April 6th, blogger "i Bing Yuzhou" posted comparison photos of the iPhone 17 Air prototype model made according to the rumored dimensions, intuitively showing the thickness of the phone body. The blogger previously stated that the total thickness of the iPhone 17 Air including the camera bump is 9.5mm (4mm bump, 5.5mm body), which is consistent with the report of analyst Ming - Chi Kuo. Comparing with the current iPhone 16 Pro Max, which has a thickness of 8.25mm (excluding the bump), if the Pro Max maintains its current size, the thickness of the Air can indeed be "halved". IT Home previously shared the phone case of the iPhone 17 Air, revealing that its camera layout will adopt a design similar to Google Pixel's "horizontal camera bar / long - strip runway".
The phone case images show that the rear camera module of the iPhone 17 Air uses a "horizontal bar design" that runs through the phone body, which is highly similar to the Google Pixel series, breaking the rounded - rectangle layout of previous generations of iPhones. The single - lens camera is located on the left, and the flash is on the right, overall continuing the minimalist style of the ultra - thin body (5.5mm). (IT Home)
Compiled | Yuting He