At 8 a.m., here are the latest news: A Tsinghua University professor said that it is expected that people will have a three - day workweek and a four - day weekend in the future; Yonghui Supermarket responded to the issue of charging 8 yuan while the marked price was 7.96 yuan; Dong Mingzhu's annual salary is 14.372 million yuan.

Going public in progress

Caocao Chuxing

36Kr learned that according to the Hong Kong Stock Exchange, Caocao Chuxing submitted an IPO application to the Hong Kong Stock Exchange.

Vitality Group

The prospectus for the Hong Kong stock offering submitted by Vitality Group Holdings Co., Ltd. on October 29, 2024, expired on April 29, 2025, after six months. At the time of submission, China Merchants Securities (HK) Co., Ltd. and Minyin Capital Limited served as its joint sponsors. (Jiemian News)

Top 3 Big News

Tsinghua professor says there is hope for a three - day workweek and four - day weekend in the future

On April 28th, Ma Shaoping, a professor at Tsinghua University, said at the "Choice and Echo Vision Salon" that technological development will create new jobs. Even if it replaces existing human - occupied jobs, it may also bring new rest time and holidays. In the future, there is hope that people will only work three days a week and have four days for rest and leisure. Therefore, don't be afraid of technological development. The development of AI will surely make people's lives easier. (Tencent News)

Yonghui Supermarket Responds to Charging 8 Yuan Instead of the Marked 7.96 Yuan

Recently, Mr. Liu purchased dried shrimps marked at 7.96 yuan at the Jinyuan Times Store of Yonghui Supermarket in Chongqing. After paying 100 yuan in cash, he received 92 yuan in change. According to the actual amount, he should have paid 7.96 yuan, but the supermarket adopted the "rounding" rule for cents and actually charged 8 yuan. Mr. Liu said, "Even a small amount of change represents consumers' rights. The supermarket neither informed customers in advance nor indicated the rounding rule on the price tags." On April 29th, a reporter from Jing Shi Live contacted the Jinyuan Times Store of Yonghui Supermarket in Chongqing. A staff member responded that this was not "reverse rounding down" but "accumulating change for a whole amount." The staff member explained that since it is difficult to exchange cent coins at banks, consumers can keep the receipts for the extra change paid. Once they have accumulated a sufficient amount, they can go to the service desk for exchange. Moreover, the store also marked a prompt message at the bottom of the shopping receipts. The reporter checked the shopping receipt provided by Mr. Liu and found that there was indeed a relevant prompt at the bottom. The store staff also said that they noticed that some customers did not pay attention to the prompt. Currently, they have optimized the cash - register system. "Now, amounts from 1 cent to 9 cents are directly waived for consumers." (Jing Shi Live)

Dong Mingzhu's Annual Salary is 14.372 Million Yuan

On April 27th, Gree Electric Appliances released its annual report for 2024. In 2024, Gree Electric Appliances achieved an operating income of 189.163 billion yuan, a year-on-year decrease of 7.26%. The net profit attributable to shareholders of the listed company reached 32.185 billion yuan, a year-on-year increase of 10.91%. It is not easy to achieve double-digit growth in net profit when the total operating income has slightly declined. At the same time, the asset-liability ratio decreased from 67.22% to 61.55%. Gree Electric Appliances also disclosed the compensation levels of its senior management. In 2024, there were a total of 17 directors and senior management personnel in Gree Electric Appliances. Dong Mingzhu, the chairperson and president, is the oldest at 70 years old, while Fang Xiangjian, the 47-year-old vice president, is the youngest. The average age is 57.2 years old.

The total pre-tax remuneration received by the senior management of Gree Electric Appliances from the company is 45.0518 million yuan. Among them, the company provides appropriate allowances for independent directors, with an allowance standard of 200,000 yuan per person per year (pre-tax). Four independent directors received this 200,000-yuan allowance. Dong Mingzhu, the chairperson and president, has the highest salary of 14.372 million yuan, followed by Zhang Wei, the director and Party secretary, who received a pre-tax remuneration of 8.6232 million yuan. (Jinan Times)

Large Companies/ Major Events

The return of the Shenzhou-19 manned spacecraft is postponed due to weather conditions at the Dongfeng Landing Site

It is learned from the China Manned Space Engineering Office that due to the recent weather conditions at the Dongfeng Landing Site not meeting the mission requirements, to ensure the life, health and safety of the astronauts and the complete success of the mission, after research and decision, the return mission of the Shenzhou-19 manned spacecraft originally scheduled for April 29 will be postponed and carried out at an appropriate time in the near future. (Xinhua News Agency)

Luckin Coffee Responds to the Phenomenon of Three Different Prices on Four Phones

Recently, some netizens found that Luckin Coffee offered different prices for the same products to different consumers on online platforms. A journalist opened the Luckin Coffee WeChat mini-program on four phones simultaneously and found that the actual prices of the Coconut Latte displayed on each account were 9.9 yuan, 10.9 yuan, 10.9 yuan, and 13.9 yuan respectively. Among the four accounts, the one with the highest unit price belonged to a Black Gold Deer member who had placed the most orders and accumulated the most points. Many consumers said they had encountered similar situations. In response, the staff at the stores said that the discounts varied from store to store, and the prices in different business districts also differed. The official customer service also stated that it would not happen that accounts with more orders would be charged higher prices. (Litchi News)

Nayuki's Tea Store Notice: Drink Milk Tea Instead of Water if You Can

Recently, a Nayuki's Tea store in Zhumadian, Henan, put up an "Important Notice" stating: "Drink milk tea instead of water if you can." This notice has sparked controversy, with some consumers believing the content is inappropriate. The store responded that this was an imitation of an internet meme and has now removed the notice. Nutrition experts have reminded that milk tea can never replace drinking water, and one should consume milk tea in moderation. Such a statement will mislead consumers to varying degrees. (Hefei News)

Meizu's new phone is accused of resembling Huawei's

On April 29th, the appearance of the Meizu Note 16 was unveiled, sparking discussions among netizens. Many users believe that its camera module design is similar to that of Huawei's triple - foldable phone, the Mate XT. In response, Xiao Bo, the general manager of Xingji Meizu's China region, said: The Meizu Note 16 series aims to create an affordable and user - friendly national phone. Public recognition is crucial. The design team polished dozens of proposals. Through extensive research, the proposal inspired by the thousand - year - old Chinese caisson ceiling finally stood out. People may find it familiar, and it seems that Huawei's triple - foldable phone had a similar inspiration. (Sina Tech)

Douyu Enforced to Pay 3.5 Million Yuan

According to the Qichacha APP, on April 28th, a new piece of information about Douyu being a person subject to enforcement was added. The enforcement target is approximately 3.5062 million yuan, and the enforcement court is the People's Court of Donghu District, Nanchang City, Jiangxi Province. Information from Qichacha shows that the company was established in May 2015, with a registered capital of approximately 22.3416 million yuan. It has registered multiple software copyrights, such as the Douyu Live PC client software for the Windows system and the Douyu PC client. (Sina Technology)

Prepaid cards will offer a 7-day no-reason refund policy

The "Interpretation on Several Issues Concerning the Application of Law in the Trial of Civil Dispute Cases of Prepaid Consumption" issued by the Supreme People's Court will come into force on May 1st. This interpretation systematically regulates the prominent issues in the field of prepaid consumption for the first time, clearly including retail, catering, fitness, housekeeping, childcare, etc. in the scope of application, and excluding disputes over one-time consumption and multi-purpose prepaid cards. The core highlights of the interpretation include: granting consumers the "right to a no-reason refund" within 7 days after payment, and a full refund can be obtained if there is no actual consumption; stipulating that consumers have the right to terminate the contract when merchants relocate, close down or transfer contractual obligations without permission.

It clarifies that unfair terms such as "no refund after payment" and "restrictions on card transfer" are invalid, and strengthens the responsibilities of merchants and venue lessors, requiring shopping malls to conduct a formal review of the qualifications of settled merchants. In addition, the prepaid amount should be preferentially deducted from the consumed amount, but it is prohibited to deduct illegal consumption such as online game top-ups by minors. (Sina Technology)

Guo Jinyi Steps Down as Chairman of Luckin Coffee, Li Hui of Centurium Capital Takes Over

Luckin Coffee announced that Guo Jinyi will no longer serve as the company's chairman but will continue to serve as the company's CEO and a member of the board of directors. Meanwhile, the board of directors has approved the appointment of Li Hui to rejoin the board and assume the position of chairman. It is reported that Li Hui is the chairman and CEO of Centurium Capital, which is the largest shareholder of Luckin Coffee. (Jiemian News)

Qitian Network Responds to "Paying 38 Yuan to Check a Child's Grades"

On April 30th, Anhui Qitian Network Technology Co., Ltd. issued a statement regarding the false remarks about "charging for checking scores on Qitian XueTang". The statement said that on April 28th, the company noticed false remarks posted on certain online platforms. The video publisher claimed that the company's "Qitian XueTang" APP "charges money to check my child's grades" and "charges 38 yuan to check my child's grades", which are inconsistent with the facts and have misled the public. This video quickly spread and fermented on the Internet and was reposted and cited by various account entities on different platforms. As of April 29th, the relevant videos had spread widely on major platforms, causing reputational damage to the company. The company will pursue legal liability against the relevant infringing entities.

The company stated that "Qitian XueTang APP is an educational and teaching tool APP independently developed by Anhui Qitian Network Technology Co., Ltd., with complete rights and reviewed and filed by relevant departments. Its functions are divided into two modules: basic functions and subscription functions. Basic functions include checking scores, checking question - by - question scores, viewing answer sheets, downloading answer sheets, etc. All users can use the basic functions for free; the subscription functions are voluntarily subscribed by users according to their own needs. (Jiemian News)

Yangtze River Delta Railway's "May Day" Holiday Transport to Kick Off on the 29th: Passenger Volume Expected to Increase by 6%, with Record High Likely on May 1

The "May Day" holiday transport of the Yangtze River Delta Railway in 2025 will commence on April 29, and it is estimated that 2.94 million passengers will be sent on that day. The transport period for this "May Day" holiday will last from April 29 to May 6, a total of eight days. During this period, the Yangtze River Delta Railway is expected to transport 28.8 million passengers, a year-on-year increase of 6%. The average daily passenger volume will be 3.6 million, and the peak day is expected to set a new record for the single-day passenger volume. (The Paper)

Walmart Informs Chinese Suppliers to Resume Shipments

Since US President Trump's so - called "reciprocal tariffs", the attitude of global retail giant Walmart has undergone a dramatic change. Initially, it required Chinese suppliers to bear the high tariffs on their own. But just 20 days later, due to inventory pressure, it chose to absorb the tariffs itself and resume purchasing from China. According to the South China Morning Post, some manufacturers in Jiangsu and Zhejiang provinces have received notices from major US retailers such as Walmart, asking them to resume shipments recently. Jiangsu and Zhejiang are export - oriented provinces that have been severely hit by the China - US trade war. It is reported that on Monday, a large stationery and office supplies exporter in Ningbo received a notice from Walmart to resume normal shipments to the United States. The company said that the cost of the new import tariffs will be borne by the US customers. (Securities China)

National Bureau of Statistics: Operating income of cultural enterprises in Q1 2025 increased by 6.2% year-on-year

36Kr learned that the National Bureau of Statistics released data. According to a survey of 80,000 above-scale cultural and related industrial enterprises across the country, in the first quarter of 2025, cultural enterprises achieved an operating income of 3,393.9 billion yuan, a year-on-year increase of 6.2% calculated on a comparable basis. Among them, 16 sub - industries with relatively obvious characteristics of new cultural formats achieved an operating income of 1,484.6 billion yuan, a year-on-year increase of 12.5%, 6.3 percentage points faster than all above-scale cultural enterprises.

The three major U.S. stock indexes closed higher collectively, and large technology stocks showed mixed performance

36Kr learned that the three major U.S. stock indexes closed higher collectively. The Dow Jones Industrial Average rose 0.75%, the Nasdaq Composite rose 0.55%, and the S&P 500 Index rose 0.58%. Large technology stocks showed mixed performance. Tesla rose more than 2%, and Netflix rose more than 1%. Meta, Microsoft, Apple, and Nvidia posted small gains. Arm, Google, and Amazon posted small losses. Popular Chinese concept stocks also showed mixed performance. New Oriental rose more than 4%, and Pinduoduo, NetEase, and Bilibili rose 1%. Alibaba posted a small gain. XPeng Motors fell more than 6%, and NIO and Baidu fell more than 1%. iQiyi, Weibo, and Li Auto posted small losses.

NVIDIA Responds to "Spinning Off Chinese Business": Completely False News

On April 29, overseas social media platforms spread the news that NVIDIA planned to operate as an independent company in China and would spin off its business by establishing a joint venture with a domestic Chinese company. NVIDIA officially responded that this rumor was completely false news, and there was no basis for such claims. It is irresponsible to present unfounded assertions and speculations as facts. (Jiemian News)

Tesla Announces Completion of Semi Factory, Mass Production Expected Next Year, Price May Soar

According to the U.S. electric vehicle website Electrek, Tesla has revealed the latest progress of its Semi factory in Nevada, stating that it expects to achieve mass production of this electric semi - truck in 2026. The Tesla Semi was initially planned to go into production in 2019 but has experienced multiple delays. Now, it finally seems to have the momentum to be put into mass production. In the past two years, Tesla has been working on building a new factory near the Gigafactory in Nevada. On Monday local time, Tesla announced the latest progress of the factory, confirming that the construction has been completed and the production line is now being deployed. (Sina Finance)

Widespread Power Outages in Spain and Portugal, Spain Declares a State of National Emergency

On April 28th, Spain and Portugal experienced a large-scale power outage that affected most parts of the entire Iberian Peninsula. On the same day, the Spanish Ministry of the Interior declared a state of national emergency and activated the national level-three emergency response mechanism in regions such as Madrid, Andalusia, Extremadura, and Murcia. The national power grid company confirmed at 21:00 on the 28th that it was expected to take several hours to restore power supply.

Earlier that day, Spanish Prime Minister Sanchez delivered a speech, stating that the Spanish government was maintaining close communication with the king, various parliamentary groups, other European countries, relevant EU institutions, and NATO. Currently, investigations into the specific cause of this large-scale power outage are still underway. He said that the national telecommunications system was at a critical moment, and the government called on the public to try to shorten their phone calls.

The Spanish power grid company said that power supply in multiple regions in the north, south, and west of Spain had been restored, and the situation was improving. Partial power supply in major cities such as Madrid and Porto had begun to be gradually restored. (CCTV News)

Amazon Reportedly Plans to List Product Tariffs, Refuted by White House; Company Responds: No Plan to Display on Main Website

Amazon has refuted reports about a plan to consider listing tariff costs. Amazon said it has never considered displaying the tariff costs of products on its main website, but Amazon Haul, a discount store, has considered listing import duties for certain products. Media previously reported that the e-commerce giant would "soon" start showing how much of the total product price comes from U.S. tariff actions next to the total price. The report provided few details about the plan. (Sina Finance)

Ford Recalls Over 120,000 Vehicles in the US Due to Rearview Camera Malfunction

On April 29 local time, documents from the US National Highway Traffic Safety Administration (NHTSA) revealed that Ford Motor Company will recall 128,889 units of certain 2022 - 2023 Bronco vehicles because the cameras may fail to display rearview images. (Jiemian News)

Japanese Rice Prices Reach New Highs Again, "Half-Price Rice" Scams Appear in Many Areas

Statistics released by the Ministry of Agriculture, Forestry and Fisheries of Japan on April 28 show that the average price of a 5-kilogram bag of rice in the Japanese market is 4,220 yen (approximately 215 yuan), hitting a new high for 16 consecutive weeks. Against the backdrop of the continuous rise in rice prices, some lawbreakers are using "half-price rice" as a lure to defraud people of their money. The Japanese police reported that recently, people in Saga Prefecture, Kumamoto Prefecture and other areas have successively reported that some people are falsely claiming to sell low - priced rice online, with the price being only about half of the market price. After the victims remitted money to the scammers, they did not receive the rice and only then realized they had been deceived. (Xinhua News Agency)

The subway fare in Seoul will increase by 150 won starting from June 28

The Seoul Metropolitan Government in South Korea said on Tuesday that the subway fares in the capital region will increase by 150 won (approximately $0.10) starting from June 28. At a recent meeting, local governments of Seoul, Gyeonggi Province, and Incheon City, as well as the Korea Railroad Corporation, reached an agreement to raise the prices. The Seoul Metropolitan Government said that the basic subway fare will increase by 150 won, reaching 1,550 won when paid by credit card and 1,650 won when paid in cash. The fares for teenagers and children will also increase by 100 won and 50 won respectively, reaching 900 won and 550 won respectively. (Sina Finance)

The Cutting - Edge of AI

Elon Musk: Grok 3.5 to be Launched Next Week

On April 29th, Elon Musk stated on a social platform that next week, the early beta version of Grok 3.5 will be released to SuperGrok subscribers. It is the first artificial intelligence capable of accurately answering questions about rocket engines or electrochemical technology. Musk said that Grok reasons from first principles and arrives at answers that simply don't exist on the Internet. (Jiemian News)

Tencent Announces Reconstruction of Hunyuan Large Model R & D System and Increases AI Investment

On April 29th, Tencent comprehensively reorganized its R & D system for the Hunyuan large model, mainly refreshing the team deployment around the three core areas of computing power, algorithms, and data, and increasing R & D investment.

After this adjustment, Tencent established two new departments: the Large Language Model Department and the Multimodal Model Department, which are respectively responsible for exploring the cutting - edge technologies of large language models and multimodal large models, continuously iterating the basic models, and improving the model capabilities. At the same time, it further strengthens the data capabilities of large models and the construction of the platform foundation. Among them, the Data Platform Department focuses on the full - process management and construction of large - model data, while the Machine Learning Platform Department focuses on the construction of a platform integrating machine learning and big data, providing a comprehensive and efficient PaaS platform foundation for AI model training and inference, as well as big - data business, jointly supporting the R & D of Tencent's Hunyuan large - model technology. (Jiemian News)

Meta Launches Standalone AI App to Compete with ChatGPT

Meta has launched a standalone artificial intelligence app and will go head - to - head with OpenAI, the maker of ChatGPT. The company said on Tuesday that the new AI assistant product will run on Meta's Llama AI model. It includes a Discover feed that shows how others interact with the tool and provides prompts. (Sina Finance)

Financial Reports of Big Companies

Adidas' net profit in the first quarter was 428 million euros, compared with the market forecast of 376.4 million euros

Adidas' gross profit in the first quarter was 3.21 billion euros, compared with the market forecast of 3.16 billion euros. The net profit was 428 million euros, compared with the market forecast of 376.4 million euros. The pre - tax profit was 585 million euros, compared with the market forecast of 519.7 million euros. Adidas still forecasts an annual operating profit of 1.7 billion to 1.8 billion euros, while the market forecast is 2.04 billion euros. (Cailian Press)

PetroChina Co., Ltd.: Net profit in the first quarter was 46.81 billion yuan, a year-on-year increase of 2.3%

36Kr learned that PetroChina Co., Ltd. announced in the Hong Kong Stock Exchange that its revenue in the first quarter reached 753.108 billion yuan, a year-on-year decrease of 7.3%; the net profit was 46.809 billion yuan, a year-on-year increase of 2.3%.

China Life Insurance: Net profit in the first quarter was 28.802 billion yuan, a year-on-year increase of 39.5%

36Kr learned that China Life Insurance announced that its revenue in the first quarter reached 110.177 billion yuan, a year-on-year decrease of 8.9%; the net profit was 28.802 billion yuan, a year-on-year increase of 39.5%.

China Duty Free Group: Net profit in the first quarter was 1.938 billion yuan, a year-on-year decrease of 15.98%

36Kr learned that China Duty Free Group announced that its revenue in the first quarter reached 16.746 billion yuan, a year-on-year decrease of 10.96%; the net profit was 1.938 billion yuan, a year-on-year decrease of 15.98%.

Guizhou Moutai: Revenue in the First Quarter Reached 50.601 Billion Yuan, a Year-on-Year Increase of 10.54%

36Kr learned that Guizhou Moutai announced that its revenue in the first quarter reached 50.601 billion yuan, a year-on-year increase of 10.54%; the net profit was 26.847 billion yuan, a year-on-year increase of 11.56%.

Pianzihuang: Net profit in the first quarter reached 1 billion yuan, a year-on-year increase of 2.59%

36Kr learned that Pianzihuang announced that its revenue in the first quarter was 3.142 billion yuan, a year-on-year decrease of 0.92%; the net profit was 1 billion yuan, a year-on-year increase of 2.59%.

Midea Group: Net profit in the first quarter was 12.42 billion yuan, a year-on-year increase of 38.02%

36Kr learned that Midea Group announced that it achieved operating revenue of 127.839 billion yuan in the first quarter, a year-on-year increase of 20.49%; the net profit was 12.42 billion yuan, a year-on-year increase of 38.02%.

Industrial and Commercial Bank of China: Net profit in the first quarter was 84.156 billion yuan, a year-on-year decrease of 3.99%

36Kr learned that the Industrial and Commercial Bank of China announced on the Hong Kong Stock Exchange that its revenue in the first quarter reached 204.688 billion yuan, a year-on-year decrease of 2.61%; the net profit was 84.156 billion yuan, a year-on-year decrease of 3.99%.

China Construction Bank: Net profit in the first quarter was 83.35 billion yuan, a year-on-year decrease of 4%

36Kr learned that China Construction Bank announced in the Hong Kong Stock Exchange that its operating income in the first quarter reached 185.99 billion yuan, a year-on-year decrease of 4.76%; the net profit was 83.35 billion yuan, a year-on-year decrease of 3.99%.

China Merchants Bank: Net profit in the first quarter was 37.286 billion yuan, a year-on-year decrease of 2.08%

36Kr learned that China Merchants Bank announced that its operating revenue in the first quarter reached 83.751 billion yuan, a year-on-year decrease of 3.09%; the net profit was 37.286 billion yuan, a year-on-year decrease of 2.08%.

Bank of China: Net profit in the first quarter was 54.364 billion yuan, a year-on-year decrease of 2.9%

36Kr learned that Bank of China announced in the Hong Kong Stock Exchange that it achieved an operating income of 164.911 billion yuan in the first quarter, a year-on-year increase of 2.41%; the net profit was 54.364 billion yuan, a year-on-year decrease of 2.9%.

Agricultural Bank of China: Net profit in the first quarter reached 71.931 billion yuan, a year-on-year increase of 2.20%

36Kr learned that Agricultural Bank of China announced that it achieved operating revenue of 186.674 billion yuan in the first quarter, a year-on-year increase of 0.35%; the net profit was 71.931 billion yuan, a year-on-year increase of 2.20%.

CITIC Securities: Net profit in the first quarter was 6.545 billion yuan, a year-on-year increase of 32%

36Kr learned that CITIC Securities announced that it achieved an operating income of 17.761 billion yuan in the first quarter, a year-on-year increase of 29.13%; the net profit was 6.545 billion yuan, a year-on-year increase of 32.00%.

Fangzheng Securities: Net profit in the first quarter was 1.195 billion yuan, a year-on-year increase of 52.37%

36Kr learned that Fangzheng Securities announced that in the first quarter, the company achieved an operating income of 2.964 billion yuan, a year-on-year increase of 49.35%; the net profit was 1.195 billion yuan, a year-on-year increase of 52.37%.

Investment and Financing

Anhui Wanzhi Construction Engineering Co., Ltd. Completes 26 Million Yuan Pre-A Round of Financing

36Kr learned that recently, Anhui Wanzhi Construction Engineering Co., Ltd. completed a 26 million yuan Pre-A round of financing. This round of financing will accelerate the implementation of intelligent construction technology in scenarios, the product application and marketization of low-carbon and environmentally friendly materials. The funds will be mainly used for the research and development of intelligent fire protection products and the digital upgrading of the infrastructure industry, promoting the transformation of traditional infrastructure towards intelligence and low-carbon.

"Yinshi Robotics" Completes Nearly 100 Million Yuan Series B3 Financing

36Kr learned that "Yinshi Robotics" recently completed a Series B3 investment of nearly 100 million yuan. This round of financing was led by Shenqi Capital, followed by Yuanhe Capital and Huagai Capital. Jiuqian Capital served as the long - term exclusive financial advisor. With nearly 100 million yuan in this round of financing, Yinshi Robotics will further increase its investment in cutting - edge technology R & D, product iteration, and global market expansion.

"Zhiqing Jinlian" Secures Angel Round Financing

36Kr learned that recently, "Zhiqing Jinlian", a company focusing on artificial intelligence computing power, has secured angel round financing. It constructs a distributed intelligent computing node network through blockchain technology, creates a distributed computing power resource pool, and realizes flexible retrieval of computing power through its self-developed intelligent scheduling engine, thereby reducing the computing resource costs of enterprises.

"Aihua New Materials" Recently Completed Tens of Millions of RMB in Series A Financing

36Kr learned that "Aihua New Materials", a developer of advanced materials and adhesive technologies, recently completed tens of millions of RMB in Series A financing. Xinhui Capital served as the long - term exclusive financial advisor. This round of financing was led by Zhejiang Venture Capital, with Rongyi Capital and Pinghu Financial Holdings participating as follow - on investors. The funds will be mainly used for product R & D and market expansion.

Cool Products

Star Group Meizu and Ant International Launch the First Offline Payment Function for Smart Glasses

36Kr learned that on April 29th, Star Group Meizu and the cross - border payment technology team of Alipay+ under Ant International launched the world's first offline payment function for smart glasses in Hong Kong. Based on multiple capabilities of AR glasses such as light waveguide display, voice noise reduction and collection technology, users can complete payments through voice without the need for a mobile phone. This function is first launched on Star Group Meizu's AR smart glasses StarV Air2 and will be gradually implemented in Q3 this year. It is understood that all new smart glasses launched by Star Group Meizu this year are equipped with the payment function.

Compiled | Dingding Fried Noodles