Krypton Evening News | Internal speech of Liu Qiangdong exposed: He requires the profit margin of JD's food delivery service to be no higher than 5%; Taobao and Tmall launched "Selected Overseas Trade Products": They will penetrate into 100 industrial clusters and adopt six measures to help overseas trade merchants shift from exporting to domestic sales.

Large companies:

Juewei Food and Tencent Smart Retail Jointly Release China's Retail Chain AI Vertical Scenario Large Model and Launch Three AI Applications

36Kr learned that the 20th anniversary strategic press conference of Juewei Food was held at the Beichen International Conference Center in Changsha, Hunan. On - site, Juewei Food and Tencent Smart Retail jointly released China's retail chain AI vertical scenario large model and launched three AI applications - the AI ordering intelligent agent "Little Fire Duck", the AI store manager intelligent agent "Juezhi", and the AI membership intelligent agent. Chen Pengfei, the Chief Digital and Intelligent Growth Officer of Juewei Food, said that we believe that AI is the biggest definite variable in the next 3 - 5 years. Juewei will leverage digital and intelligent capabilities to continuously enhance consumer value and drive the organization's transformation from a supply - chain model to a full - link AI digital and intelligent - driven model.

Reports: OpenAI Uses Zhipu's Standard to Evaluate Its Latest Model

36Kr has learned that there are reports indicating that when evaluating the function - calling capabilities of its newly released GPT - 4.1 series models, OpenAI adopted ComplexFuncBench. This is a test benchmark proposed by the Zhipu team specifically for evaluating the complex function - calling capabilities of large models. ComplexFuncBench mainly assesses the ability of large models to perform multi - step, constrained function calls under a long context of 128K. Compared with existing function - calling test benchmarks, ComplexFuncBench requires large models to have a fine - grained understanding of user requirements in real - world scenarios and perform multi - step, inference - based function calls on this basis, which poses a higher challenge to the function - calling capabilities of the models.

Taobao and Tmall Launch "Selected Foreign Trade" Initiative: Exploring 100 Industrial Clusters, Six Measures to Assist Export-Oriented Businesses in Domestic Market Expansion

36Kr learned that on April 15th, Taobao and Tmall launched the "Selected Foreign Trade" special initiative. The program aims to target at least 10,000 export-oriented businesses and 100,000 categories of foreign trade products. Through six measures including "expedited onboarding, traffic and commission incentives, semi-managed services, dedicated on-site guidance, specialized marketing campaigns during Foreign Trade Weeks, and direct procurement by Tmall Supermarket", it seeks to facilitate export merchants' rapid transition from overseas markets to domestic operations. Currently, Alibaba Group has established a dedicated cross-border trade task force, mobilizing key business personnel to frontline operations across 100 foreign trade industrial clusters in 10 provinces (municipalities) for specialized on-site coordination.

Zhang Qingyuan, CEO of Kingsoft Office: WPS will consider introducing domestic models to overseas markets

36Kr learned that on April 14, Zhang Qingyuan, CEO of Kingsoft Office, said at the "Shanghai Forum for Chinese Enterprise CEOs" of Cheung Kong Graduate School of Business that overseas markets represent a significant growth opportunity for Kingsoft Office and are a key focus of the company's business. Currently, Kingsoft Office has over 200 million monthly active devices overseas. In the face of the global AI competition and the changing industrial landscape, Zhang Qingyuan stated, "The emergence of DeepSeek has elevated the level of Chinese large AI models to a world - class standard. Moreover, it has a cost advantage, which has also presented new opportunities for companies like Kingsoft Office that 'develop applications' on top of large models. In the future, WPS will consider introducing domestic AI models to overseas markets."

Liu Qiangdong's Internal Speech Exposed: Requires JD Food Delivery's Profit Margin Not to Exceed 5%

Recently, a video of an online meeting of an internal speech by Liu Qiangdong, the founder and chairman of the board of JD.com, in 2024 has leaked. Liu Qiangdong said, "I've set a rule for JD Food Delivery. The net profit it earns must never exceed 5%. If it does, I'll punish those responsible. We must, in this industry, follow the 'Thirty - five Cents Theory' to restrain our ability and desire to make money." In addition, Liu Qiangdong also requires providing the full - time delivery riders with the "Five Insurances and One Housing Fund" and offering accident insurance and health insurance to part - time riders to ensure better protection for the riders. JD Food Delivery should only offer high - quality dine - in takeaways and refrain from squeezing delivery riders and merchants through algorithms, so that users can eat with confidence. (Sina Technology)

Hermès surpasses LVMH to become the world's most valuable luxury company

Hermès surpasses LVMH to become the world's most valuable luxury company. (Sina Finance)

Hongxin Electronics: Net profit in the first quarter decreased by 76% year-on-year

36Kr learned that Hongxin Electronics announced that in the first quarter of 2025, the company's operating income was 1.587 billion yuan, a year-on-year decrease of 4.97%; the net profit attributable to shareholders of the listed company was 6.8007 million yuan, a year-on-year decrease of 75.80%. The main reasons include that the computing power business achieved an operating income of 716 million yuan, and at the same time, the product structure of the FPC business was further optimized, and the gross profit margin continued to improve. In addition, the net cash flow from operating activities was -295 million yuan, mainly due to the increase in payment for goods during the reporting period.

Hong Hao Officially Assumes the Position of CEO and Chief Global Asset Allocation Officer of Huafu International

Hong Hao officially joined Huafu Securities on April 15th, serving as the CEO and Chief Global Asset Allocation Officer of Huafu International. He was formerly a partner and chief economist at GROW Investment Group, the head of the research department at Bocom International, and the chief global strategist at CICC. He has also worked in the London, New York, and Sydney offices of international financial institutions such as Citigroup and Morgan Stanley, with work experience in both buy - side and sell - side institutions. (Caixin)

Investment and Financing:

Weiti Robotics Completes Nearly 100 Million Yuan in Angel and Angel+ Rounds of Financing, Led by Xiaomi Strategic Investment

On April 15th, Shanghai Weiti Technology Co., Ltd., a robotics company, announced the successful completion of nearly 100 million yuan in angel and angel+ rounds of financing in succession. The angel round was led by Xiaomi Strategic Investment, with follow - on investments from Kuanqiao Hengsong, Yare Capital, iCANX Fund, Plum Ventures, MicroLight Ventures, and existing shareholders. The angel+ round was jointly invested by Vertex Ventures, Yare Capital, iCANX Fund, Plum Ventures, and MicroLight Ventures, with Wanjia Capital serving as the exclusive financial advisor. The funds from this round of financing will be used to advance the research and development and commercialization of vision - based tactile sensing technology and hand - eye coordination algorithms, build a general humanoid robot end - perception system, hand - eye coordination algorithms, and scenario solutions, and simultaneously accelerate the expansion into overseas markets.

New Products:

Yuanfudao Group Launches Its First Educational AI Paradigm - "Xiaoyuan AI" and Unveils a Full - Scenario Intelligent Teaching Solution

36Kr learned that on April 15th, Yuanfudao Group officially launched its first educational AI paradigm - "Xiaoyuan AI" at the "Xiaoyuan AI and Intelligent Hardware Strategy Press Conference". It also released a trinity solution of "software applications + intelligent terminals + general knowledge courses" covering both home and school scenarios. This solution includes the Xiaoyuan AI App, the Xiaoyuan AI Learning Machine, and the Elephant Planet Artificial Intelligence General Knowledge Course, systematically addressing the development propositions of educational AI in the era of large - scale models. It is understood that the model layer of Xiaoyuan AI consists of the self - developed Yuanli large - scale model and the Deepseek - R1 model matrix of Yuanfudao Group, which can not only give full play to the advantages of large - scale models but also ensure educational professionalism.

Today's Views:

Yao Shangkun, Chairman of Guoxiong Capital: China's Advantages in the Entire AI Industry Chain are Prominent, and the Positive Cycle of Capital and Technology is Accelerating

36Kr learned that on April 15th, Yao Shangkun, Chairman of Guoxiong Capital, stated at the Asia-Pacific Summit of the 2025 World Internet Conference that China, leveraging its advantage of having the world's most complete industrial chain data, is exploring an efficient and inclusive path for the implementation of AI technology, promoting the accelerated penetration of AI in scenarios such as manufacturing and healthcare. Yao Shangkun pointed out that China's AI development is not simply about "surpassing someone," but rather about developing specialized models based on industrial characteristics to achieve process intelligence. Supported by policies, a positive cycle of "policy, capital, and technology" is taking shape, with new-quality productivity becoming the strategic core, and the capital market playing a pivotal role.

Goldman Sachs CEO: Risk of US Recession Rises, More Challenges Ahead

From JPMorgan Chase CEO Jamie Dimon to BlackRock CEO Larry Fink, more and more Wall Street titans have recently been warning about the huge impact that Trump's tariffs may have on the economic prospects of the United States and even the world. This week, Goldman Sachs CEO David Solomon joined the ranks of those issuing warnings. On Monday, Eastern Time in the US, Solomon said that due to the uncertainty of the US foreign trade war and the confusion among US corporate CEOs about future planning, the risk of a US economic recession has "increased somewhat." Solomon said that the US will face more challenges in the future. "The business environment we're entering in the second quarter is significantly different from earlier this year" - and the reason is precisely the uncertainty triggered by Trump's new tariffs. (Caixin)

Other Notable News:

Meta Faces Antitrust Trial, Attention Focuses on Whether Trump Will Intervene

The U.S. government is advancing a major antitrust case, accusing Mark Zuckerberg's Meta of illegally establishing a "social network monopoly" through years of "anti - competitive behavior." If the judge sides with the government, Meta may be forced to split by selling Instagram and WhatsApp, and other tech giants will also be warned. But there is another "what - if" that has sparked media discussions: whether U.S. President Donald Trump will intervene in some way. Zuckerberg was last seen at the White House on April 2. On the same day, reports said he was urging Trump to resolve this case from the Federal Trade Commission. (Sina Finance)