8 o'clock, 1 Krypton News | An 84% tariff will be imposed on all imported goods from the US; Tencent says it won't enable the "read receipt" feature on WeChat; Fat Donglai incurred losses of about 1.9 billion yuan in the adjustment and reform of the enterprises it assisted.
Top 3 Big News
Impose an 84% Tariff on All Imported Goods from the United States
On April 8, Eastern Time in the United States, the US further increased the so - called “reciprocal tariff” of 34% previously announced on Chinese products exported to the US by 50% to 84%. On April 9, the Tariff Commission of the State Council issued an announcement stating that, starting from 12:01 on April 10, it will adjust the tariff rates stipulated in the “Announcement of the Tariff Commission of the State Council on Imposing Additional Tariffs on Imported Goods Originating from the United States” (Announcement No. 4 of the Tariff Commission in 2025). The additional tariff rate on all imported goods originating from the United States will be raised from 34% to 84. (CCTV News)
Tencent Says It Won't Launch the "Read" Function on WeChat
On April 9th, Zhang Jun, the public relations director of Tencent, posted a response regarding the "read" function on WeChat. "Actually, this is not a new topic. I remember there was a similar trending search in July 2023, and we also made a relevant response at that time: The 'read' function would increase the psychological burden and social pressure on information recipients. Therefore, from the very beginning, WeChat has firmly decided not to offer this function, and it won't in the future either." (Cover News)
Fat Donglai incurred losses of approximately 1.9 billion yuan in assisting and restructuring enterprises
On the evening of April 8th, Fat Donglai officially issued a response statement regarding the online infringement by bloggers such as "Song Qinghui". It announced relevant data on assisting and restructuring enterprises, stating that from Jiabailuo in Shangrao, Jiangxi to BBK in Hunan, and then to Yonghui Superstores, all assistance was provided free of charge. The company self - funded the input of human and material resources, directly incurring assistance costs of approximately 83 million yuan. To assist enterprises in restructuring, it supplied its own - brand products to the assisted enterprises at cost price, resulting in an overall sales loss of approximately 1.9 billion yuan and a gross profit loss of approximately 380 million yuan. (Jiemian News)
Large Companies/ Major Events
Ministry of Commerce: The number of electric bicycles replaced with old ones nationwide will exceed 3 million in 2025
The number of old electric bicycles sold and new ones replaced nationwide was 3.341 million each, which is 2.4 times the total replacement volume in 2024 (from September to December, the same below). From January to March this year, the monthly replacement volumes of electric bicycles through the old-for-new program were 156,000, 863,000, and 1.861 million respectively, with an average monthly-on-month increase of 285.0%. From April 1st to 8th, as many as 461,000 electric bicycles were replaced in just 8 days, indicating that the work is accelerating. Looking at different provinces, 26 provinces had a replacement volume of over 10,000. Among them, 7 provinces, namely Jiangsu, Hebei, Zhejiang, Guangxi, Hubei, Shandong, and Shanxi, had a replacement volume of over 100,000. (CCTV News)
China Releases Position Paper on China-US Economic and Trade Relations
The State Council Information Office released a white paper titled "China's Position on China-US Economic and Trade Frictions" on the 9th to clarify the facts about China-US economic and trade relations and expound China's policy stance on relevant issues. Apart from the preface and conclusion, the white paper is divided into six parts, namely: the essence of China-US economic and trade relations is mutual benefit and win-win results; China has earnestly implemented the China-US Phase One Economic and Trade Agreement; the US has violated its obligations under the China-US Phase One Economic and Trade Agreement; China practices the concept of free trade and earnestly abides by the rules of the World Trade Organization; unilateralism and protectionism undermine the development of bilateral economic and trade relations; China and the US can resolve economic and trade differences through equal dialogue and mutually beneficial cooperation. (CCTV News)
The Ministry of Culture and Tourism Issues a Risk Warning for Chinese Tourists Traveling to the United States
Recently, due to the deterioration of China - US economic and trade relations and the domestic security situation in the United States, the Ministry of Culture and Tourism has advised Chinese tourists to fully assess the risks of traveling to the United States and to proceed with caution. (Xinhua News Agency)
The Ministry of Education Issues the 1st Overseas Study Warning in 2025
Recently, the state of Ohio in the United States passed a relevant higher education bill, which contains negative clauses related to China and imposes restrictions on educational exchanges and cooperation between Chinese and American universities. The Ministry of Education reminds overseas students to conduct a safety risk assessment when choosing to study in relevant states in the United States in the near future and enhance their awareness of prevention. (Xinhua News Agency)
Bilibili: Nearly 3.1 million UP owners earned income on Bilibili in 2024
36Kr learned that Bilibili (hereinafter referred to as "Bilibili") officially released its "2024 Environmental, Social and Governance Report" (ESG Report). Currently, Bilibili has gathered more than 70% of China's Generation Z+ population. In 2024, Bilibili's daily active users reached 104 million, with an average daily usage time of 102 minutes per user. The average daily video playback volume exceeded 5.1 billion times, a year-on-year increase of 19%. In 2024, nearly 3.1 million UP owners earned income on Bilibili, and the total income of creators from various advertising products and value-added service businesses increased by 21% year-on-year.
Alipay Launches "Tap to Enter Community" Service
On April 9th, Alipay announced that it has joined hands with Greentown Service to upgrade the "Tap" service. Community residents and visitors can enter the community by "tapping", and property staff (such as patrol security guards, cleaners, maintenance workers, etc.) can record their work by "tapping". According to Alipay, compared with access cards, residents only need to unlock their mobile phones and tap the access control device to open the door. After the first authorization verification, they can quickly open the door. This new "Tap" service will also enhance the experience of relatives and friends visiting the community. After visitors "tap" to enter the community at the main gate, when they reach the unit door, they can tap the access control device to call and open the door. (IT Home)
Multiple small and medium-sized banks have lowered deposit interest rates, with some large-denomination certificates of deposit seeing a 40-basis-point cut
Since April, the adjustment of bank deposit interest rates has continued. According to incomplete statistics, local small and medium-sized banks and private banks such as Liaoshen Bank, Zhongbang Bank, and Xin'an Bank have intensively started to lower the interest rates of deposits and large-denomination certificates of deposit. The interest rate of five-year large-denomination certificates of deposit in some banks has been cut by up to 40 basis points. People interviewed said that this interest rate adjustment is an important measure for banks to actively optimize their liability structure. Small and medium-sized banks have a relatively high proportion of high-interest deposits. Through differentiated interest rate adjustments, the cost of the liability side can be effectively reduced, creating conditions for stabilizing profit margins. It is worth noting that despite the continuous decline in market interest rates, the trend of residents' deposits becoming more term-based has intensified. (Securities Daily)
China's national railway implements a new freight train operation diagram on April 9
36Kr learned that according to the official WeChat account of "China Railway", starting from 18:00 on April 9, the national railway will implement a new freight train operation diagram. After the adjustment, the number of express freight trains and direct freight trains for bulk goods will further increase, the railway logistics product system will continue to be optimized, and the capacity, efficiency and service quality of railway freight transportation will achieve new improvements. This will provide strong transportation support for effectively reducing the overall social logistics cost, better serving the construction of a unified national market, and boosting the high - quality development of the economy and society.
The newly revised Regulations on Marriage Registration will come into effect on May 10
On April 9, the newly revised Regulations on Marriage Registration were announced and will come into effect on May 10, 2025. The full text of the regulations consists of 6 chapters and 28 articles, including contents such as "General Provisions", "Marriage Registration", "Divorce Registration", "Management of Marriage Registration Archives", "Legal Liabilities", and "Supplementary Provisions". The main contents of the revision of the regulations cover three aspects: First, adding the content of marriage and family service work, stipulating that local people's governments at or above the county level should strengthen the guidance work on comprehensive marriage and family services and the construction of the marriage and family counseling service system, advocate civilized marriage customs, promote family harmony, and guide the establishment of correct views on marriage, love, child - bearing, and family; Second, implementing the "national cross - regional marriage registration", deepening the reform of the marriage registration system, and further improving the convenience of marriage registration; Third, optimizing marriage registration services, stipulating that local people's governments at or above the county level should take measures to improve the level of marriage registration services and strengthen the standardization and convenience construction of marriage registration venues. (Xinhua News Agency)
The global box office of "Ne Zha 2" has exceeded 15.6 billion
36Kr learned that according to data from Maoyan Professional Edition, the global box office (including pre - sales and overseas) of "Ne Zha: Rebirth of the Demon Child" has exceeded 15.6 billion, temporarily ranking among the top 5 in the global box office history list.
All three major U.S. stock indexes closed higher, and large technology stocks soared across the board
36Kr learned that at the close on April 9, all three major U.S. stock indexes soared. The Nasdaq rose 12.16%, marking the largest single - day percentage gain since January 3, 2001, the second - largest recorded increase. The S&P 500 index rose 9.52%, recording the largest single - day percentage gain since October 28, 2008. The Dow Jones Industrial Average rose 7.87%. Large technology stocks soared across the board. Tesla rose more than 22%, NVIDIA and Intel rose more than 18%, Apple rose more than 15%, Meta rose more than 14%, Amazon rose more than 11%, Microsoft rose more than 10%, Google rose more than 9%, and Netflix rose more than 8%. Popular Chinese concept stocks also generally increased. iQiyi rose more than 12%, Weibo rose more than 9%, JD.com, Bilibili, Li Auto, and XPeng Motors rose more than 6%, Alibaba and NIO rose more than 5%, and Baidu rose more than 4%.
It Would Cost $25,000 to Make an iPhone in the United States
On April 9th, U.S. President Donald Trump believed that Apple could move the production of iPhones to the United States to avoid a new round of tariffs. However, Laura Martin, an analyst at investment bank Needham, wasn't convinced. Martin from Needham told the media that if Apple produced iPhones in the United States, the cost would skyrocket. Martin also pointed out that even if Apple decided to move its supply chain back to the United States, it would be a process that takes several years. Most supply chain experts believe that it's almost impossible to fully manufacture iPhones in the United States. Previously, Dan Ives, an analyst at investment bank Wedbush, also said that if iPhones were made in the United States, one might cost $3,500 (approximately 25,000 Chinese yuan). (Caixin Press)
Google Promises to End Anti - competitive Measures Related to Car Services and Maps, German Antitrust Authority Ends Probe
The German antitrust authority, the "Federal Cartel Office", issued a statement on April 9, saying that Google has promised to end a number of anti - competitive measures related to Google's car services and map platforms, and the authority has ended the legal proceedings. The German antitrust authority had previously expressed concerns about the bundling of Google's in - car maps with infotainment systems, stating that this could hinder competitors' opportunities to sell similar services independently. (Jiemian News)
Trump Says TSMC Will Face Up to 100% Tariffs If It Doesn't Build Factories in the US
On April 8 local time, US President Trump said that he had told the Taiwan Semiconductor Manufacturing Company (TSMC) that it would face up to 100% tariffs if it didn't build factories in the United States. (CCTV News)
Trump's Tariff Measures May Lead to 2 Million Americans Losing Their Jobs
Lawrence Summers, an economics professor at Harvard University in the United States and a former U.S. Treasury Secretary, said in an interview with Bloomberg on the 8th that due to the tariff measures being implemented by the Trump administration, the United States may currently be moving towards an economic recession, which may lead to about 2 million Americans losing their jobs, and each family will face an income loss of at least $5,000. (Xinhua News Agency)
EU Adopts Tariff Retaliatory Measures Against the US
On April 9 local time, EU member states voted to adopt the first round of tariff counter - measures against the US, imposing tariffs of up to 25% on a range of US products. This round of counter - measures is mainly targeted at the US steel and aluminum tariffs. The EU's counter - measures will be implemented in stages, and the first round will come into effect on April 15. It is understood that the goods involved in the first - round counter - measures are worth about 21 billion euros.
The European Commission issued a press release saying that the EU believes that the US tariffs are unjustified and destructive, causing damage to both sides and even the global economy. The EU has made it clear that it prefers to reach a balanced and mutually beneficial outcome through negotiations with the US. The EU stated that if the US agrees to reach a fair and balanced negotiation result, these counter - measures can be stopped at any time. (CCTV News)
Wall Street Bigwigs Warn Against Buying the Dip in U.S. Stocks
Some Wall Street insiders have stated that it's time to send an unambiguous message to the president and his team: Don't buy the dip. U.S. stocks are now cheaper than they were a week ago, so it's natural for investors to pause selling and buy some cheap assets. However, entering the "buy the dip" mode might give Trump an advantage when he's playing a "game of chicken" with the global economy. "We need a sharp plunge in U.S. stocks to put pressure on the government," said Ed Yardeni, president of Yardeni Research, on Monday. Yardeni explained that he doesn't entirely hope for a sharp plunge; it's just that rising stock prices would ease the pressure on the White House to make concessions in the trade conflict. (Sina Tech)
The United States is in an egg shortage and urgently seeks to buy eggs from European countries
The United States is currently in the midst of an egg shortage. Ironically, while the US government is waving the tariff stick high and imposing additional tariffs on EU steel and aluminum products, it is humbly writing letters to European countries to urgently seek to buy eggs. The responses from countries such as Denmark, France, and Sweden are almost the same: Europe does not have surplus eggs and it is difficult to provide assistance. In the Netherlands, farmers even said bluntly that unless the United States first repeals the up - to - 20% tariff on poultry products, they will not easily expand exports. After US President Trump announced the imposition of so - called "reciprocal tariffs", US Agriculture Secretary Rawlins issued a warning that this move is likely to cause the price of eggs in the United States to rise again in the short term. (CCTV News)
Volkswagen Group's global deliveries in the first quarter increased by 1.4% year-on-year to 2.13 million vehicles
On April 9th, Volkswagen Group announced its delivery data. In the first quarter of 2025, its global deliveries reached 2.13 million vehicles, a year-on-year increase of 1.4%. Among them, the deliveries in the Chinese market were 644,100 vehicles, a year-on-year decrease of 7.1%. In addition, Volkswagen Group delivered 216,800 pure electric vehicles in the first quarter, a year-on-year increase of 58.9%. (Jiemian News)
Trump Says the U.S. Will Impose Tariffs on Drugs
Trump said in a speech on April 8 local time that the U.S. will impose tariffs on drugs. Trump stated that the U.S. does not produce its own drugs and other health - improving products. The U.S. often pays many times more for drugs than countries with drug - manufacturing capabilities. Trump believes that once tariffs are imposed on drugs, pharmaceutical companies will open factories in the U.S. because the U.S. is "the largest market." (CCTV News)
Japanese Media: Japan Starts Considering Cash Handouts to Ease Impact of Trump's Tariffs
On April 9th, according to Japan's Asahi Shimbun, among the economic measures being considered by the Japanese government and the ruling coalition is a plan to distribute 40,000 to 50,000 yen per person as one of the measures to ease the impact of Trump's tariffs. (JIN10 Data)
The South Korean won hits a 15-year low at the opening against the US dollar
On April 9, in the foreign exchange market in Seoul, the opening exchange rate of the South Korean won against the US dollar dropped to 1,484.0 won per US dollar, the lowest level since March 13, 2009. (CCTV World News)
The forefront of AI
Amazon Launches New Nova Sonic Voice-to-Voice Model
36Kr learned that Amazon announced the launch of a new foundation model, Amazon Nova Sonic, which unifies speech understanding and speech generation in a single model, making voice conversations in AI applications closer to real human communication. This model is provided through a new API on Amazon Bedrock, which can simplify the development process of voice applications, such as automating customer service calls and creating cross - industry AI agents covering sectors like tourism, education, healthcare, and entertainment.
Volcengine Launches Enterprise Data Agent, Data Agent
36Kr learned that on April 8th, Volcengine announced the launch of an enterprise data agent named Data Agent. Leveraging the capabilities of large models such as reasoning, analysis, and invocation tools, Data Agent can deeply understand business requirements and automatically complete tasks such as writing in - depth research reports and designing marketing campaigns.
Alibaba Cloud Bailian Launches the Industry's First Full Lifecycle MCP Service
36Kr learned that on April 9th, Alibaba Cloud Bailian launched the industry's first full lifecycle MCP service. Users don't need to manage resources, develop and deploy applications, or handle engineering operations and maintenance. They can quickly build an Agent (intelligent agent) connected to the MCP service in just 5 minutes. The Bailian platform has initially launched more than 50 MCP services from Alibaba Group and third - parties, such as AutoNavi, WuYing, Fetch, and Notion, covering areas like life information, browsers, information processing, and content generation, meeting the Agent application development needs of different scenarios.
Financial Reports of Large Companies
Juewei Food: Net profit in 2024 was 227 million yuan, a year-on-year decrease of 34.04%
36Kr learned that Juewei Food released its annual report for 2024. In 2024, it achieved an operating income of 6.257 billion yuan, a year-on-year decrease of 13.84%; the net profit attributable to shareholders of the listed company was 227 million yuan, a year-on-year decrease of 34.04%; the basic earnings per share was 0.36 yuan. The company plans to distribute a cash dividend of 3.3 yuan (tax included) for every 10 shares to all shareholders.
Shui Jing Optoelectronics: Net profit of 1.03 billion yuan in 2024, a year-on-year increase of 71.57%
36Kr learned that Shui Jing Optoelectronics released its annual report for 2024. During the reporting period, it achieved an operating income of 6.278 billion yuan, a year-on-year increase of 23.67%; the net profit attributable to shareholders of the listed company was 1.03 billion yuan, a year-on-year increase of 71.57%. The company plans to distribute a cash dividend of 2.00 yuan (tax included) for every 10 shares.
Investment and Financing
Yunxiang Robotics Announces Completion of Series A Financing
36Kr learned that on April 7th, Yunxiang Robotics officially announced the completion of its Series A financing, jointly invested by Nandu Property Service and Hangzhou High - tech Financial Investment. This financing will be used to increase the R & D efforts of core technologies, accelerate the implementation of diversified products, and deepen the cooperation with Nandu Property Service in the field of smart property management, promoting the upgrading of the regional smart service industry.
Xi'an Xiaoxiang Technology Media Co., Ltd. Secures 42 Million Yuan in Angel Round Financing
36Kr learned that Xi'an Xiaoxiang Technology Media Co., Ltd. has received 42 million yuan in angel round financing from an institution. This financing will mainly be used for online product R & D and talent recruitment.
Cool Products
Get Hands-on with the iPhone 17 Air Mockup
On April 8th, the source @MajinBuOfficial posted a tweet on the X platform, sharing photos of getting hands-on with the mockup of Apple's iPhone 17 Air and comparing it with the iPhone 16e (with a thickness of 7.80 mm). Judging from the leaked photos, the iPhone 17 Air is equipped with a single rear camera. The camera module is wide, and its design style is similar to that of Google Pixel. In addition, there are also camera control buttons and operation buttons on the side of the phone. Previously, it was reported that the total thickness of the iPhone 17 Air including the camera bump is 9.5 mm (4 mm for the bump and 5.5 mm for the 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 8.25 mm (excluding the bump), if the Pro Max maintains its current size, the thickness of the Air can indeed be "halved".
The phone case images show that the rear camera module of the iPhone 17 Air adopts a "horizontal bar design" that runs through the body, which is highly similar to the Google Pixel series, breaking the rounded rectangular layout of previous generations of iPhones. The single camera lens is located on the left, and the flash is on the right, overall continuing the minimalist style of the ultra-thin body (5.5 mm). In terms of specifications, it is reported that this phone is equipped with a 6.6 - inch 120Hz ProMotion Dynamic Island screen, is powered by the standard - version A19 chip (not the A19 Pro), and is equipped with the self - developed C1 baseband chip. (IT Home)
Major Krypton Events
The "Kr Event" short video column offers a vivid interpretation of major events in the business world. Were dire wolves resurrected after being extinct for 13,000 years?
Traffic is getting more expensive. How can brands "plant the grass" on overseas social media?
Why do some brands sell millions with a single video, while others see their investments go down the drain? Should you bet on TikTok, Instagram, or Reddit? How can brands break through the "anti-influencer sentiment" with a human touch? Can AI tools replace human media buyers?
At 7 p.m. this Friday, April 11th, the overseas season of CEO Insights invites Dr. Xu Yabo, the founder and CEO of DataStory, and Luo Weizhe, the founder of Douying Media, to discuss with us: Traffic is getting more expensive. How can brands "plant the grass" on overseas social media? Come and reserve your spot to watch!
Compiled | Dingding Fried Noodles