8:00 am, 1 Krypton News | The White House denies "a 90-day tariff suspension", and the US stock market fluctuated sharply during the session due to false news; Xiaomi responds to rumors related to the insurance of the SU7; Microsoft denies ceasing operations in China.
Going Public in Progress
United Sowell
36Kr learned that United Sowell, a provider of machine vision and artificial intelligence solutions, officially listed on the Nasdaq Stock Exchange, raising a total of $8 million and becoming the first stock in the intelligent industrial robot field to be listed on the US Nasdaq. The funds raised will be mainly used to expand the production capacity of nine - axis robots. It is planned to invest $85 million in building a smart manufacturing base before 2025, with the goal of producing 4,000 to 8,000 robots annually by 2028, covering derivative fields such as automobile maintenance, welding, and surface treatment. In addition, the funds will be used to strengthen R & D and innovation: deepen cooperation with major hospitals to promote breakthroughs in AI medical imaging technology; cooperate with agricultural technology institutions to develop automated agricultural solutions.
Top 3 Big News
The White House Denies "90-Day Tariff Suspension", U.S. Stocks Fluctuate Sharply Due to Fake News
The White House said that the news of "suspending tariffs on some countries for 90 days" was fake news. Previously, according to media reports, rumors about a 90-day suspension of the U.S. new tariff policy spread on the U.S. Internet. This seemed to be triggered by an interview with White House economic advisor Kevin Hassett, which sparked speculation and market turmoil.
The White House did not confirm anything about this, and Hassett's exact words were "the president will make the decision he wants to make." Previously, well - known hedge fund manager Ackman had called on Trump to postpone the implementation of tariffs for 90 days. After the news of the "90 - day tariff postponement" spread, the Nasdaq index once turned from a 5% decline to a more than 4% increase, and the S&P index rose more than 3%. After White House press secretary Caroline Levitt called the news "fake news", U.S. stocks turned from rising to falling again and experienced sharp fluctuations during the session. (Caixin and CCTV News)
Xiaomi Responds to Rumors Related to SU7 Insurance
36Kr learned that according to the Weibo post of Xiaomi's spokesperson, recently, the company noticed that rumors related to the insurance of Xiaomi SU7 were being spread in an organized manner. Now, the company solemnly refutes and clarifies the following: Currently, the insurance service for the SU7 model is operating smoothly and normally, and the information circulated online is seriously inconsistent with the facts. In addition, the rumor that "the accident rate of SU7 is several times that of models in the same price range" also has no factual basis. Our company has preserved evidence of this content and reported the case to the public security organs in accordance with the law.
Microsoft Denies Halting Operations in China
Microsoft China has officially issued a statement in response to the rumors about Microsoft halting its operations in China. The statement says, "The reports claiming that Microsoft will stop operating in China are untrue. Any questions regarding the business and operations of Wicresoft should be directed to them directly." (Yicai Global)
Large Companies/ Major Events
The three major U.S. stock indexes closed mixed, and popular Chinese concept stocks generally declined
36Kr learned that at the close on April 7, the three major U.S. stock indexes showed mixed performance. The Nasdaq rose 0.1%, the S&P 500 index fell 0.23%, and the Dow Jones Industrial Average fell 0.91%. Large technology stocks also had mixed performances. Apple fell more than 3%, Tesla fell more than 2%, and Google rose slightly. NVIDIA rose more than 3%, Amazon and Meta rose more than 2%, and Netflix rose more than 1%. Popular Chinese concept stocks generally declined. Alibaba fell more than 9%, XPeng Motors fell more than 8%, Li Auto and NetEase fell more than 6%, Bilibili and JD.com fell more than 5%, Pinduoduo fell more than 4%, and iQiyi and Baidu fell more than 3%.
Hong Kong's Official Foreign Exchange Reserve Assets Stood at $413.1 Billion at the End of March
The Hong Kong Monetary Authority announced on April 7 that Hong Kong's official foreign exchange reserve assets stood at $413.1 billion at the end of March 2025 (compared with $416.4 billion at the end of February 2025). Including unsettled foreign exchange contracts, Hong Kong's foreign exchange reserve assets stood at $412.5 billion at the end of March 2025 (compared with $415.9 billion at the end of February 2025). The total foreign exchange reserve assets of $413.1 billion are more than five times the amount of Hong Kong's circulating currency, or about 37% of the Hong Kong dollar money supply M3. (Jiemian News)
126 million domestic trips were made during the Tomb-Sweeping Festival holiday in 2025
During the Tomb-Sweeping Festival holiday in 2025, various regions carried out a variety of activities to commemorate martyrs, traditional cultural activities, and tourism activities. The national culture and tourism market was safe, stable, and orderly. According to the calculations of the Data Center of the Ministry of Culture and Tourism, during the three - day Tomb-Sweeping Festival holiday, 126 million domestic trips were made nationwide, a year - on - year increase of 6.3%; the total domestic tourism expenditure was 57.549 billion yuan, a year - on - year increase of 6.7%. (CCTV News)
Alibaba International Launches Large-Scale Campus Recruitment, 80% of Positions in AI
36Kr learned that Alibaba International is vigorously recruiting AI talents. In the recently launched campus recruitment for the class of 2026, 80% of the positions are in AI, including AI algorithms, R & D, and AI product managers. As a business group under Alibaba focusing on overseas e - commerce, in the past year, Alibaba International launched the AI search engine Accio in the foreign trade field. It also upgraded international e - commerce platforms such as AliExpress, Lazada, and Daraz through methods like AI Agent, resulting in a hundred - fold increase in the call volume, which in turn has brought a large demand for AI talents.
Over 2.8 billion express parcels were collected and delivered nationwide during the Tomb-Sweeping Festival holiday
On April 7, the State Post Bureau released data showing that the business volume of the postal and express delivery industry maintained a good growth trend during the Tomb-Sweeping Festival holiday, with over 2.8 billion express parcels collected and delivered. According to the data of the State Post Bureau, during this year's Tomb-Sweeping Festival holiday (from April 4 to April 6), the postal and express delivery industry across the country operated safely and smoothly as a whole, collecting and delivering 2.828 billion express parcels. Among them, 1.399 billion express parcels were collected, a year-on-year increase of 17%; 1.429 billion express parcels were delivered, a year-on-year increase of 15%. (CCTV News)
Yangtze River Delta Railways to Implement the Train Schedule for the Second Quarter of 2025 Starting from April 10
Recently, it was learned from China Railway Shanghai Group Co., Ltd. that to adapt to the changing market demands of passenger and freight transportation, Yangtze River Delta Railways will implement the train schedule for the second quarter of 2025 starting from April 10. The new schedule further optimizes and adjusts the operation structure of passenger and freight trains. Five pairs of regional passenger trains will be added, the operation sections of 10 pairs of regional passenger trains will be adjusted, and the operation routes of one pair of regional passenger trains will be changed. Meanwhile, the structure of cross - regional freight products will continue to be optimized, and the transport capacity of regional freight train products will be increased. (CCTV News)
Beidahuang: Currently, production and operation are normal, and there have been no significant fluctuations in production costs, sales, etc.
36Kr learned that Beidahuang announced that after self - inspection, the company's current production and business activities are all normal. There have been no major adjustments in the market environment and industry policies, and there have been no significant fluctuations in production costs, sales, etc. At the same time, after the company's self - inspection and written verification with the controlling shareholder and the actual controller, it was confirmed that there are no major matters or important information that should be disclosed but have not been disclosed.
Airbnb: The search popularity of Chinese users planning outbound travel during the May Day Golden Week has more than doubled compared to the same period last year
36Kr learned that the latest "May Day Outbound Travel Trend Report" released by Airbnb China shows that the search popularity of Chinese users planning outbound travel during this year's May Day Golden Week has more than doubled compared to the same period last year, and the growth rate has further accelerated compared to the Tomb-Sweeping Festival holiday. Japan, Italy, France, New Zealand, Spain, South Korea, Thailand, the United States, the United Kingdom, and Indonesia are among the top ten most searched destinations for the May Day holiday.
Douyin Launches New Feature: Searching for Rumors Displays Rumor - Debunking Information
36Kr learned that in April, Douyin officially launched the "Rumor - Debunking Card" feature, aiming to provide users with clearer and more comprehensive rumor - debunking information and create a trustworthy content ecosystem. It is understood that when users search for some information related to rumors on Douyin, the search results will be presented in the form of rumor - debunking cards. The rumor - debunking cards will prominently display the results of rumor identification and more comprehensively show users the origin, spread reasons, and factual truth of the questionable information. At the same time, the cards will also provide users with rumor - debunking reports from authoritative media, statements from the parties involved, and other related information. Currently, this feature is in the trial operation stage, and its coverage will continue to be expanded.
Trump Says He Rejected EU's Proposal for Tariff Exemption with the US
Trump said on the 7th that he would not suspend the so - called "reciprocal tariff" policy. After a meeting with visiting Israeli Prime Minister Benjamin Netanyahu at the White House that day, Trump told the media that he had no intention of suspending the tariff policy at present, and many leaders of economies were seeking to negotiate with him. He believes that enforcing the tariff policy and conducting negotiations are not contradictory.
Trump also said that he rejected the EU's earlier proposal on the same day for tariff exemption with the US. "No, it's completely insufficient," he said. "They've been cheating us on trade issues." (CCTV News)
Audi Suspends Vehicle Deliveries to US Dealers Due to US Tariffs
It was learned on April 7 local time that due to Trump's announcement of raising tariffs on imported cars, German automaker Audi has decided to suspend the delivery of new vehicles to US dealers. A spokesman for the company confirmed the news on the 7th. In a letter to dealers, Audi said that all vehicles arriving in the US after April 2 would be temporarily held and not handed over to dealers. "Dealers should now focus on reducing inventory," the letter said. According to the spokesman, Audi currently has more than 37,000 cars in the US that are not affected by the new tariffs and are available for sale, which can meet about two months of market demand. (CCTV News)
Apple Reportedly Demands Suppliers to Cut Prices
After the announcement of the new tariff policy, Apple's stock price tumbled for two consecutive trading days. According to calculations by investment bank Morgan Stanley, the new tariffs will add about $8.5 billion in annual costs to Apple.
If Apple passes on all the tariff costs to consumers, the retail price of the iPhone 16 Pro Max in the United States will rise from the current $1,599 to $2,300 (approximately 16,750 yuan).
With the arrival of the new tariff policy, Apple is also actively adjusting its strategies. It may push component suppliers to offer more favorable prices to reduce production costs. (Kuaikeji)
Samsung Considers Raising Prices of Memory and Flash Products
On April 7th, South Korean media "Maeil Business Newspaper" reported on the 3rd local time that Samsung Electronics is discussing with major global customers a 3% - 5% price increase for DRAM memory and NAND flash products, and negotiations for some new contracts have already begun. Due to a series of unfavorable factors such as high inventory levels and a slow recovery in demand for storage semiconductors, Samsung Electronics has been conservative in pricing DRAM and NAND for some time. However, due to recent major risk factors in global trade, Samsung has changed its pricing strategy.
The new U.S. administration previously announced import tariff hikes on the world. Although the initial list does not include semiconductors, this category is in the plan for additional tariffs in the next step. This means that downstream customers need to place large - scale orders in the near future and stock up in advance to delay the impact of trade policy changes on operating costs. (IT Home)
Japan Considers Drafting Supplementary Budget to Address Tariffs and Inflation
The Japanese government and the ruling coalition are considering drafting a supplementary budget to address US tariffs and long-term inflation. Japanese Prime Minister Ishiba Shigeru may instruct officials to formulate the budget this month and strive to pass it during the current parliamentary session. The Japanese government is considering measures to stimulate domestic demand after the US introduced automobile tariffs. It may strengthen financial support for companies that do not lay off employees. Regarding price relief measures, the Japanese government is considering restoring electricity and gas subsidies. Japan may also replenish reserve funds. (Caixin)
The EU is ready to retaliate against the US and may announce a preliminary list of countermeasures
European Commission President Ursula von der Leyen said on April 7 local time that the EU will establish an import monitoring working group and strengthen the single market to respond to US tariffs. Von der Leyen also said that the EU has proposed zero tariffs on industrial products to the US. In addition, she said that the EU is open to tariff negotiations but is ready to retaliate. Von der Leyen also stated that the EU will focus like a laser beam on 83% of global trade outside the US.
On the 7th local time, trade ministers of EU member states held a meeting in Luxembourg to discuss the impact of US tariff hikes and exchange views on countermeasures. According to EU officials, the purpose of this meeting is to convey a message externally, that is, the EU hopes to negotiate with the US on the tariff hike policy, and once the negotiations break down, the EU will take countermeasures. (CCTV News)
Tariff war may put Apple to a major test, and prices of its products sold in the US may rise
US media reported on April 6 local time that the "reciprocal tariffs" introduced by the US may lead to price hikes for Apple's major products sold in the US. According to a Bloomberg report, the latest tariff shock will be the biggest test Apple has faced so far. Even if Apple accelerates its diversification strategy, further adjusts its supply chain, and pushes suppliers to cut prices, once the tariffs are implemented as planned, Apple will still face pressure on costs and profit margins and will have to consider adjusting the prices of its products in the US. The report said that Apple has previously raised prices in regions such as Europe and Japan to cope with tax policies, exchange - rate fluctuations, and inflation shocks. In theory, Apple could postpone price adjustments until the launch of the new - generation phones in September, but this would make the price increase rather than hardware upgrades the focus. (CCTV News)
Yoshinoya in Japan Announces Price Hikes for Some Products
On April 7th, Yoshinoya in Japan announced that, in response to the long - term increase in raw material prices, distribution costs, and labor costs, it has decided to adjust the prices of some products starting from April 10th. (Jiemian News)
The Cutting - Edge of AI
Meta's New-Generation AI Model Llama 4 is Now Officially Available on Amazon Web Services
36Kr learned that Amazon Web Services recently announced that Meta's new-generation Llama 4 model is now officially available on Amazon SageMaker JumpStart, and a fully managed serverless version will also be launched on Amazon Bedrock soon. The first batch of released models, Llama 4 Scout 17B and Llama 4 Maverick 17B, both have advanced multimodal capabilities (able to understand images and text simultaneously) and feature an industry-leading context window length (amount of information processed in a single session), with significantly improved performance and efficiency compared to previous generations.
VIVO Applies to Register Trademarks for MR Headsets
36Kr learned that according to the property clue information from Tianyancha, recently, Vivo Mobile Communication Co., Ltd. applied to register multiple trademarks, including "VIVO AI Glasses", "VIVO AR", "VIVO MR Headset", and "VIVO MR Smart Glasses". The international classifications of these trademarks are all scientific instruments, and currently all the trademarks are in the status of waiting for substantive examination. According to previous media reports, at the recent Boao Forum for Asia, VIVO first unveiled its first MR headset product, Vision. Vision has similarities in appearance design with Apple's MR headset, Vision Pro. VIVO stated that the prototype of Vision will be officially unveiled in the middle of 2025.
ByteDance Registers Copyright for Dreamina AI Works
36Kr learned that Tianyancha's intellectual property information shows that recently, Beijing Bytedance Network Technology Co., Ltd. registered the copyright for the work "Dreamina AI", and the work category is fine arts. The company was established in October 2018, with Li Ying as its legal representative, a registered capital of 100 million US dollars, and its business scope includes conference services, corporate planning, copyright agency, etc. It is wholly owned by Douyin Group (Hong Kong) Co., Ltd. Public information shows that Dreamina AI is an AI expression platform created for creative enthusiasts, with functions such as AI image creation, video creation, and exploration of the creative world.
Financial Reports of Large Companies
Small Commodities City: Net profit attributable to the parent company in the first quarter was 803 million yuan, a year-on-year increase of 12.66%
36Kr learned that Small Commodities City released its first-quarter financial report. The report shows that in the first quarter of 2025, the operating income reached 3.161 billion yuan, a year-on-year increase of 17.93%; the net profit attributable to shareholders of the listed company was 803 million yuan, a year-on-year increase of 12.66%; the basic earnings per share were 0.15 yuan.
Shandong Iron and Steel: Net profit attributable to the parent company recorded a loss of 2.258 billion yuan in 2024
36Kr learned that Shandong Iron and Steel released its 2024 annual performance report. The report shows that during the period, the company achieved an operating income of 82.094 billion yuan, a year-on-year decrease of 9.26%; the net profit attributable to shareholders of the listed company recorded a loss of 2.258 billion yuan, compared with a net profit loss of 399.6 million yuan in the same period of the previous year; the basic earnings per share was -0.2129 yuan.
Cambridge Technology: Net profit of 167 million yuan in 2024, a year-on-year increase of 75.42%
36Kr learned that Cambridge Technology released its annual report for 2024. The report shows that the net profit during the period was 167 million yuan, a year-on-year increase of 75.42%. A cash dividend of 2.20 yuan (tax included) will be distributed for every 10 shares to all shareholders.
Investment and Financing
Zhejiang Tianmei Qingyang Technology Co., Ltd. Completes 30 Million Yuan Angel Round of Financing
36Kr learned that recently, Zhejiang Tianmei Qingyang Technology Co., Ltd. announced the completion of a 30 million yuan angel round of financing. It is understood that Tianmei Qingyang focuses on negative oxygen ion technology, and its developed spray products provide air solutions for multiple scenarios. After this round of financing, the company plans to increase R & D investment, further optimize product performance, and develop more innovative products suitable for different scenarios. At the same time, it will expand sales channels and enhance brand influence.
"Maifu Precision" Completes Series A Financing of 50 Million Yuan
36Kr learned that "Maifu Precision" announced the successful completion of a Series A financing of 50 million yuan. This round of financing was led by Hubei Guozhong Private Equity Fund Management, a well - known domestic investment institution, with Fuxing Capital and Caixing Fund Capital participating as follow - on investors. The funds will be used for core technology R & D, production capacity upgrade, and market expansion to further consolidate the company's leading position in the high - end precision manufacturing field.
Cool Products
Apple Doubles Down on XR: Second-Generation Vision Pro Enters Production, Expected to Launch This Year
According to industry chain sources, the second-generation Apple XR headset (possibly named Vision Pro 2) has entered the mass production phase and is expected to be released within this year. Multiple independent sources have separately confirmed that key components such as the panels and casings of the second-generation Apple XR headset are already in production. Among them, Lens Technology is the exclusive supplier of glass panels for Vision Pro 2; Changying Precision provides the casing parts; and some suppliers of electronic circuit devices are rushing to fulfill orders. In response, Apple stated that it does not comment on any rumors about unreleased products. (Jiemian News)
Compiled | Dingding Fried Noodles