8:00 am, Yidianzixun News Flash | Xiaomi rebrands its car's "intelligent driving" as "assistive driving"; A scenic area responds to the news that the annual rent of a snack bar in Lingyin Temple is 2.6 million yuan; Nezha Auto's app is reported to have network connectivity issues.
Top 3 Big News
Xiaomi Auto Renames “Intelligent Driving” to “Assisted Driving”, and the Wording on Its Ordering Page Has Been Updated
On May 4th, Xiaomi adjusted the wording on the ordering page of its new SU7 model, renaming “Intelligent Driving” to “Assisted Driving”. Specifically, the Xiaomi Pilot Pro installed in the standard version of the Xiaomi SU7 has been renamed from “Xiaomi Intelligent Driving Pro” to “Xiaomi Assisted Driving Pro”; the Xiaomi HAD installed in the Xiaomi SU7 Pro and Xiaomi SU7 Max has been renamed from “Xiaomi Intelligent Driving Max” to “Xiaomi End-to-End Assisted Driving”.
The report mentioned that according to the introduction on the official website of Xiaomi Auto, end-to-end assisted driving can achieve assisted driving from parking space to parking space. All you need to do after getting in the car is to set the navigation, and the assisted driving can handle tasks such as ETC/gate assisted passage, narrow road/roundabout passage, and parking space searching and parking in the parking lot. (Jiemian News)
Scenic Area Responds to Report of Annual Rent of 2.6 Million Yuan for a Snack Shop at Lingyin Temple: It's through Public Bidding with an Annual Tax Requirement of 600,000 Yuan
Recently, a blogger, when introducing Hangzhou's Lingyin Temple, claimed that the annual rent for an 8.5-square-meter snack shop at the temple's entrance was as high as 2.6 million yuan, which sparked a heated discussion. On May 1st, the video posted by the blogger showed that the snack shop was named "Lingyin Cold Spring Vegetarian Cake Shop" and was located next to the ticket sales entrance of Lingyin Temple, with a very dense flow of people in front of the shop. The blogger introduced that the shop was only 8.5 square meters in size, and its annual rent was as high as 2.6 million yuan. "(The merchant) won the lease after 103 rounds of bidding."
The relevant video triggered a hot discussion, and some netizens questioned the authenticity of the rent. On May 4th, a reporter called the Hangzhou West Lake Scenic Area Management Committee. A staff member said that the scenic area had noticed the relevant information. In 2022, the shop leased the premises, and the annual rent was more than 2 million yuan. "It was through public bidding, and the specific information is available on the auction platform. The scenic area will do a good job in the daily supervision of the shop." Subsequently, the reporter saw on the auction platform that in June 2022, the West Lake Scenic Area conducted a public bidding for the lease right of the premises. The starting price was 1.118 million yuan, and after 88 extensions, the transaction price was 2.603 million yuan. The bidding announcement showed that the area of the premises was 8.5 square meters, and the annual tax requirement was 600,000 yuan. (Xiaoxiang Morning News)
The Nezha Auto App and official website have returned to normal. A person familiar with the matter said that the previous network outage was due to overdue data charges.
Since May 2nd, many Nezha car owners have reported that the car app lost network connectivity, the vehicle's remote control function was unavailable, and the official website could not be accessed. On May 3rd, some car owners said they received a notice that the app's backend was under maintenance. Currently, the Nezha Auto App and the official website have resumed normal use. A person familiar with the matter revealed that the main cause of this issue was overdue data charges, which occurred because no one was monitoring during the holiday. It's worth noting that this is not the first time that Nezha Auto's official website and app have had problems. Nezha Auto is currently facing operational issues and is still seeking financing to resolve its debts. (Caixin)
Big Companies/Big Events
"Earth rumbling" reported in multiple locations in Japan, residents worried it could be a precursor to an earthquake or volcanic activity
Since May 3rd, loud noises resembling earth rumbling have been reported in multiple locations in Aomori Prefecture, Japan. Some residents have released surveillance footage of the incidents. Many residents said they only heard the vibrations but did not feel any shaking. The specific cause of the noises is still under investigation. Local residents are worried that it may be related to an earthquake or volcanic activity. In response, the head of the Aomori Local Meteorological Observatory said that no information related to earthquake or volcanic activity has been received so far. (Beijing News)
Lei Jun's position at Xiaomi Home changed from executive director to director
Tianyancha shows that recently, there have been industrial and commercial changes in Xiaomi Home Commercial Co., Ltd. Lei Jun's position has changed from executive director to director. At the same time, the scope of business has been expanded to include the sales of smart home consumer devices and hair accessories. The company was established in June 2017, with Sun Bo as the legal representative and a registered capital of 100 million RMB. Its business scope includes the sales of communication equipment, the sales of telecommunications equipment, the wholesale of computer software, hardware and auxiliary equipment, etc. It is wholly owned by Xiaomi Communications Technology Co., Ltd. (Cailian Press)
Fat Doulai Says It Didn't Deliberately Imitate Fat Donglai: The Boss's Surname Is "Dou"
On May 1st, in Jiaxing, Zhejiang, a store named Fat Doulai held an opening event. Due to its name being similar to the brand Fat Donglai, it sparked a controversy. On the 2nd, Fat Donglai responded that it had collected evidence and sent a lawyer's letter to the other party. A staff member of Fat Doulai store responded that the store opened on May 1st, and it was named so because the boss's surname is Dou. The commodities sold in the store are mainly clothing and daily necessities, and it didn't deliberately imitate Fat Donglai. The store's social media account started promoting the opening around April. Previously, it had posted a video explaining that the character "fat" implies abundance, prosperity, and goodness, and this concept runs through their business to ensure a wide variety of goods, affordable prices, and considerate service. The character "Dou" is taken from the surname of the group's chairman. (Cover News)
New York gold futures rise more than 3%, return to $3,340
At the end of the trading day in New York on Monday (May 5th), spot gold rose 2.84% to $3,332.56 per ounce, showing an upward trend throughout the day with fluctuations. At 03:40 Beijing time, it rose to $3,337.66, approaching the $3,400 mark and the all - time high of $3,500.10 set on April 22nd. COMEX gold futures rose 3.04% to $3,342.00 per ounce. It also reached $3,346.70 at 03:04 and hit an intraday all - time high of $3,509.90 on April 22nd. (JRJ.com)
The total box office of new films during the May Day holiday has exceeded 700 million yuan
36Kr learned that according to data from online platforms, as of 13:49 on May 5th, the total box office (including pre - screenings and pre - sales) of new films (including re - releases) during the May Day holiday has exceeded 700 million yuan.
During the May Day holiday, the cumulative cross - regional population mobility across society is expected to reach 1.467 billion person - times, a year - on - year increase of 8.0%.
Reporters learned from the Ministry of Transport that from May 1st to 5th, the cumulative cross - regional population mobility across society is expected to reach 1.467 billion person - times, with an average daily volume of 293 million person - times, a year - on - year increase of 8.0%. Among them: the cumulative railway passenger volume is expected to reach 101.692 million person - times, with an average daily volume of 20.338 million person - times, a year - on - year increase of 10.8%. The cumulative population mobility on roads (including the non - commercial passenger trips of small cars on expressways and ordinary national and provincial highways and the commercial passenger volume on roads) is expected to reach 1.345 billion person - times, with an average daily volume of 269 million person - times, a year - on - year increase of 7.6%. The cumulative waterway passenger volume is expected to reach 8.689 million person - times, with an average daily volume of 1.738 million person - times, a year - on - year increase of 24.9%. The cumulative civil aviation passenger volume is expected to reach 11.143 million person - times, with an average daily volume of 2.229 million person - times, a year - on - year increase of 11.8%. (People's Daily)
Trump Says He Will Impose a 100% Tariff on Movies Entering the United States
On May 5th, U.S. President Donald Trump recently stated that he has authorized the Department of Commerce and the U.S. Trade Representative to immediately initiate procedures to impose a 100% tariff on all movies produced abroad and entering the United States. Trump said on his social platform Truth Social that the U.S. film industry is rapidly dying. Other countries are offering various incentives to attract American filmmakers and studios to leave the United States.
He said that he wants to bring movie production back to the United States. Hollywood and many other parts of the United States are being severely hit. This is the result of the "efforts" of other countries and poses a threat to U.S. national security. In addition, it also concerns information dissemination and propaganda. (Securities Times)
US Tariff Revenue Exceeds $17 Billion in April
On May 3 local time, the Trump administration in the United States collected more than $17.4 billion in "tariffs and certain excise taxes" in April. Reports said that this is almost twice the $9.6 billion revenue in March and far exceeds any revenue during Trump's first term. Since January 1, these tariffs have cumulatively injected more than $70 billion in revenue into the government. Trump previously said in a program that with billions of dollars in tariff revenue pouring in, the United States "is just getting started." (CCTV Finance)
73-year-old Putin works out for 1.5 hours every day. Putin says the Kremlin gym is very important
Russian journalist Zarubin released a video on May 4 of an interview with Putin inside the Kremlin. Putin showed the journalist his gym and said, "This is the most important place." The journalist asked Putin what had happened to the serious abrasion on his forehead two weeks ago. Putin replied that he was working out his arms at the time and accidentally hit his own forehead. Putin also said that he works out here for an hour and a half every day. (KNEWS)
Microsoft Raises the Price of Xbox, and Plans to Increase Game Prices in the Future
According to a report by ABC on the 2nd, affected by factors such as rising R & D costs, Microsoft Corporation in the United States announced that, starting from the 1st of this month, it will raise the prices of its Xbox consoles, games, and related accessories in regions including the United States and Canada. Specifically, in the United States, the price of a model of the Xbox Series S will increase by $80, reaching $379.99, a rise of more than 26%. The price of a model of the Xbox Series X will increase by $100, reaching $599.99, a rise of 20%. Microsoft said that it also plans to increase game prices in the future, and the specific time for the price adjustment is not yet determined. (CCTV Finance)
Buffett Says Successor Was Unaware in Advance; Analysts Expect Successor's Management Style to Be More Cautious
Buffett said at the company's shareholders' meeting on the 3rd that he plans to step down as the company's CEO by the end of this year, and Vice Chairman Greg Abel will succeed him. He will still stay with the company to offer assistance in the future. Buffett added that he only told the news to his children before the shareholders' meeting, and even Abel himself was unaware. Buffett said he believes the company's board of directors will approve Abel's succession as CEO. Some U.S. media analyzed that, unlike Buffett, Abel rarely gives interviews. It is expected that his management style will be more cautious after taking office. Meanwhile, some analysts expect that Abel may not have as much room for free decision - making in the company as Buffett did. (CCTV Finance)
Yong'an Pharmaceutical: Chen Yong, the actual controller and chairman of the company, has been placed under investigation and detention
Yong'an Pharmaceutical (002365.SZ) announced that the company received a notice from the family members of Chen Yong, the actual controller and chairman of the company, stating that Chen Yong has been placed under investigation and detention by the Supervision Commission of Hefeng County. At present, other directors, supervisors and senior management personnel of the company are performing their duties normally, the control rights of the company have not changed, and the production and operation of the company are normal. The company will continue to monitor the progress of this matter and fulfill its information disclosure obligations in a timely manner. (Cailian Press)
Over 80% of high - speed rail pet shipping bookings for the May Day holiday, real - time monitoring available for high - speed rail pet shipping
During the May Day holiday, "traveling with pets" has become a new choice for many pet lovers. Data from 12306 shows that during the May Day period, over 80% of the pet shipping berths on high - speed rails have been booked. To ensure the safe and comfortable travel of pets, special express cabinets are installed in the middle of the trains, which do not take up passengers' seats. The special pet transport boxes on high - speed rails are equipped with a monitoring system, which allows real - time viewing of the pets' status and monitors data such as temperature, humidity, and oxygen content. Once the indicators are abnormal, an alarm will be triggered immediately. In addition, a dedicated person is arranged to escort each train, and the pets are inspected and cared for every two hours. In terms of price, the pilot high - speed rail pet shipping service is priced in tiers according to the transportation mileage, with prices ranging from 360 yuan to 860 yuan. (CCTV Finance)
The forefront of AI
NVIDIA Voices Criticism of Anthropic's Support for the "Export Control Framework for AI Diffusion"
On May 3rd, NVIDIA officially issued a public statement criticizing Anthropic, the parent company of the AI model Claude and a prominent U.S. artificial intelligence firm, for publicly supporting the U.S. government's move to strengthen export controls on AI chips to China through the "Export Control Framework for AI Diffusion." NVIDIA's statement read: "China is home to half of the world's AI researchers and has highly capable AI experts at every level of the AI stack. The United States cannot manipulate regulators to achieve victory in the AI field. U.S. companies should focus on innovation and meeting challenges rather than fabricating all sorts of absurd rumors." The "Export Control Framework for AI Diffusion" is an export control policy urgently introduced by former U.S. President Biden before leaving office. Aimed at further tightening the export of AI chips to China, it was released on January 13, 2025. After Trump took office, he did not directly overturn this policy. According to the policy process, exporters, re - exporters, and carriers are required to comply with the requirements of this agreement after May 15. (Jiemian News)
Apple to Collaborate with Anthropic to Develop AI Platform for Software Writing
It is reported that Apple is collaborating with startup Anthropic to develop a new "vibe-coding" software platform. This platform will use artificial intelligence to write, edit, and test code on behalf of programmers. According to people familiar with the matter, the system is a new version of Apple's programming software Xcode and will integrate Anthropic's Claude Sonnet model. Apple will launch the software internally and has not yet decided whether to release it publicly. This work demonstrates how Apple is leveraging artificial intelligence to improve its internal workflows, aiming to accelerate and modernize product development. (Cailian Press)
OpenAI's Reorganization Plan Forced to Change, to Remain Under Control of Nonprofit Entity
On Monday (May 5th) local time, artificial intelligence (AI) research company OpenAI announced that it will continue to be controlled by its nonprofit parent company while advancing the plan to restructure its for-profit division to raise more funds and maintain its leading position in the AI competition. In December last year, OpenAI unveiled a reorganization plan to transform into a Public Benefit Corporation (PBC), stating that this would help attract more investment and break free from the limitations of its current nonprofit structure. (Cailian Press)
Financial Reports of Large Companies
Berkshire Hathaway's Q1 Net Profit Drops to $4.6 Billion, a 64% Year-on-Year Decrease
Berkshire Hathaway reported a net profit of $4.603 billion in the first quarter of 2025, a 64% year-on-year decrease. It earned $12.702 billion in the same period of the previous year. Its revenue reached $89.725 billion, compared with $89.869 billion in the previous year. The company recorded a net investment loss of $5.038 billion in the first quarter, while it had a profit of $1.48 billion in the same period of the previous year. Berkshire Hathaway's cash position at the end of the first quarter rose to $347.7 billion (it was $334.2 billion at the end of the fourth quarter of 2024), hitting a new record high. (Jiemian News)
Volkswagen Skoda's sales revenue in the first quarter was 7.26 billion euros, a year-on-year increase of 10.4%.
Volkswagen Skoda's sales revenue in the first quarter was 7.26 billion euros, a year-on-year increase of 10.4%; the operating profit was 546 million euros, a year-on-year increase of 2.1%. Volkswagen Skoda delivered 238,600 vehicles in the first quarter, a year-on-year increase of 8.2%; the total sales of pure - electric and plug - in hybrid models increased by 114% to 36,900 units. (Caixin Press)
Fat Donglai's sales reached 1.749 billion yuan in April
Henan retail giant Fat Donglai released its business data as of April 30. The data shows that Fat Donglai's sales reached 1.749 billion yuan in April, and the cumulative annual sales exceeded 8 billion yuan, reaching 8.027 billion yuan. In April, the supermarket, jewelry, and department store sectors of Fat Donglai led the sales, contributing 947 million yuan, 185 million yuan, and 176 million yuan respectively, accounting for more than 70% of the total sales in that month. The consumer goods sectors such as electrical appliances, clothing, and tea followed closely, achieving sales of 151 million yuan, 131 million yuan, and 85 million yuan respectively. (Caixin)
Cool Products
Folding-screen iPhone may debut next fall, with a starting price of around $2,100
Multiple sources have revealed that Apple's first folding-screen iPhone will be released in the second half of 2026, possibly in tandem with the iPhone 18 series. On May 3rd, Eastern Time, according to technology media The Information, Apple plans to adjust its iPhone release schedule next year, adopting an alternating release pattern between fall and spring. The report states that Apple's first folding-screen iPhone is expected to be launched in the fall of 2026, along with the iPhone 18 Pro series and the "Air" series models. Meanwhile, the standard version of the iPhone 18 will "make way" for Apple's folding phone and be postponed until the spring of 2027, to be released together with the successor model of the iPhone 16E.
In terms of price, the starting price of the iPhone Fold may reach between $2,100 and $2,300. Industry insiders point out that compared with the Android camp's strategy of launching a large number of models, the iPhone Fold is precisely targeted at high-end business users. (Qianjiang Evening News)
Tesla Launches Special USB Flash Drive: 512GB for 599 Yuan
Tesla has launched a special USB flash drive with a capacity of 512GB, priced at 599 yuan. It is specifically designed for the vehicle's Sentry Mode and Dashcam. This USB flash drive was launched on the Tesla App and WeChat Mini Program on May 3. Although the official has not provided detailed specifications such as read and write speeds, it meets Tesla's requirements for storage devices for Sentry Mode and Dashcam, which means the storage space should be greater than or equal to 64GB, the continuous write speed should be at least 4MB/s, and it should be compatible with USB 2.0. Currently, many car owners choose to assemble M.2 SSDs and hard drive enclosures themselves to meet the vehicle's storage needs, but this method has risks of compatibility and stability. Although the official USB flash drive launched by Tesla this time is relatively expensive, it can provide a more reliable solution for car owners, ensuring the stable operation of the Sentry Mode and Dashcam functions and providing strong support for vehicle safety and driving records. (Kuaikeji)
Compiled | He Yuting