8:00, Yike Daily Briefing | Trump to pay illegal immigrants who voluntarily leave the US; "Brother Xiaoyang" makes an appearance at director Wong Jing's birthday party; New Zealand plans to ban people under 16 from using social media.
Top 3 Big News
Trump to Pay Illegal Immigrants Who Voluntarily Leave the US: Provide a $1,000 Stipend and Travel Subsidy
The US Department of Homeland Security said on Monday (May 5th) local time that the Trump administration will offer a $1,000 stipend and travel subsidy to undocumented immigrants who voluntarily leave the country. The department stated that the stipend for immigrants who leave voluntarily and the possible cost of air tickets will be lower than the cost of forced deportation. According to data from the Department of Homeland Security, the average cost of arresting, detaining, and deporting illegal immigrants is currently about $17,000. US President Donald Trump promised when he took office in January this year that he would deport millions of illegal immigrants. However, so far, this operation is lagging behind that of former US President Joe Biden. (Cailian Press)
"Brother Xiaoyang" Appeared at Director Wong Jing's Birthday Party, Lost Over 13 Million Followers After Months of Inactivity
On May 3rd, when renowned Hong Kong director Wong Jing celebrated his 70th birthday, the internet celebrity "Crazy Brother Xiaoyang" unexpectedly showed up, as revealed in the birthday celebration video posted by Wong Jing on that day. It's worth noting that during the cake - cutting session, Wong Jing specifically invited "Crazy Brother Xiaoyang" onto the stage for a group photo. Prior to this, "Crazy Brother Xiaoyang"'s last live - stream was on September 7th last year. Subsequently, due to the "Hong Kong Maxim's Mooncakes" incident, Hefei Three Goats Network Technology Co., Ltd., under Brother Xiaoyang, was fined. Since then, Brother Xiaoyang has stopped live - streaming, and as of now, eight months have passed. Data on May 6th showed that "Crazy Brother Xiaoyang" lost 921,000 followers in the past 30 days. Based on this, it is estimated that he has lost over 13 million followers. (JRJ.com)
New Zealand Proposes to Ban People Under 16 from Using Social Media
Recently, New Zealand lawmakers have proposed a draft law aiming to ban people under 16 from using social media in New Zealand. The Prime Minister of New Zealand said that this move is to protect children from the harms of social media. It is reported that this draft law requires social media companies to verify that users are at least 16 years old; otherwise, they will be subject to high - value fines. The draft still needs to be passed by the parliament. (CCTV News)
Big Companies/Big Events
Ford Motor Company in the US expects tariffs to result in a loss of $1.5 billion
On May 5th local time, Ford Motor Company stated that it expects the tariff policies of US President Trump to cause the company to lose $1.5 billion in profits this year. On the same day, Ford also withdrew its performance forecast for 2025, which was released three months ago, citing the uncertainties brought about by tariffs. (CCTV News)
Yonghui Supermarket Issues a Statement to Support Fat Donglai: Jointly Guard the Sincere Heart of China's Retail Industry
During the May Day holiday, the "virtual confrontation" between Yu Donglai, the founder of Fat Donglai, and internet celebrity Chai Duidui attracted attention. Previously, Chai Duidui claimed on social media that Fat Donglai made huge profits from low-cost jade and had poor product quality. On the evening of May 3rd, Douyin announced that it had received a complaint from Fat Donglai. After review, 29 videos of "Chai Duidui" were suspected of infringement and were all taken down, and the account's posting permission was restricted for one month. That evening, reporters found that the "Chai Duidui" account could no longer be searched.
On May 6th, Yonghui Supermarket issued a statement: Today, with the heart to protect hundreds of millions of consumers, we pour out our sincerity from the retail front to all those who sow beauty in the creases of life. In this era of surging information, every sincere act of kindness deserves to be cherished, and every enterprise that operates steadily should be respected. Recently, in response to the internet celebrity's wanton spreading of rumors and malicious slander of Fat Donglai, as a practitioner and companion of the "Fat Donglai model", Yonghui Supermarket, with a heart of awe for the essence of business, solemnly voices to the whole society with the most sincere attitude:
We firmly oppose any behavior that tramples on the bottom line of business ethics in order to gain traffic. Malice may make a noise for a while, but kindness will ultimately warm people's hearts. We are willing to stand side by side with Fat Donglai and jointly guard the sincere heart of China's retail industry. (Blue Whale News, Jiupai News)
DoorDash Announces £2.9 Billion Acquisition of Deliveroo
American online food delivery platform DoorDash said on Tuesday that it will acquire British food delivery company Deliveroo for £2.9 billion (approximately $3.85 billion), which is part of DoorDash's plan to expand into international markets. DoorDash proposed to acquire all of Deliveroo's shares last month, offering 180 pence per share, and stated that the financial terms of the deal are final and will not be increased. (Sina Finance)
Nezha Auto Responds to the Cause of App Malfunction During the May Day Holiday: Initially Determined to Be a System Fault and Already Fixed
On May 5th, there were reports that the network outage problem of Nezha Auto during the "May Day" holiday was due to overdue data charges. On the same day, Nezha Auto responded that this App malfunction had nothing to do with overdue data charges. The technical department staff were on duty throughout the "May Day" holiday, and there was no situation of unattended operation. Currently, Nezha Auto has initially determined that this phenomenon was a system fault and has already fixed it. At the same time, it is still continuing the investigation to prevent similar problems from occurring again.
On May 2nd, many Nezha Auto owners reported on social platforms that the official website of Nezha Auto was inaccessible, the Nezha Auto App lost network connection, and the vehicle remote control function was unavailable. Reporters noticed that the App and the official website of Nezha Auto have now returned to normal. (Jiupai News)
Barbie Doll Prices Soar 42.9%, US Toy Industry Hit Hard by Tariff Policy
US media reported on May 5 local time that Mattel, the US - based maker of Barbie dolls, said it plans to raise toy prices due to the recent US tariff policy. Mattel said in its earnings report on the 5th that the company will "when necessary" increase the prices of products sold in the US to offset the impact of rising costs caused by the tariff policy. Mattel said that tariffs will cost the company $270 million this year. Mattel CEO Ynon Kreiz called on May 5 to stop imposing tariffs on toy products. (CCTV News)
Skechers Announces Delisting: Agrees to Be Acquired by 3G Capital
Skechers, which has broken through in the global footwear market with its mass-market positioning and comfort advantages, suddenly announced its decision to go private on May 5th local time. As the world's third-largest sports shoe retailer and an industry giant that has been included in the Fortune 500 list twice, this move has shaken the market.
Reporters noticed that not long ago, 76 shoe companies, including Nike, Adidas, and Skechers, jointly wrote to the White House, requesting an exemption from the so-called "reciprocal tariffs." The new tariff policy has posed a "survival threat" to affordable shoe companies. If the policy continues, some companies may face the risk of bankruptcy. Under the new tariff policy, a pair of sneakers that originally sold for 1,100 yuan now costs consumers nearly 1,700 yuan, putting Skechers, which focuses on "high cost-performance," in a dilemma. Institutions generally believe that Skechers' choice to go private at this time is actually to avoid the regulatory pressure of being a listed company, so as to have greater operational autonomy in the tariff storm. (Daily Economic News)
Microsoft Skype Officially Ceases Operations
On May 5th, Microsoft Corporation issued an official announcement stating that its instant messaging software, Skype, has officially ceased operations. Its core functions will be migrated to another Microsoft - promoted software, Microsoft Teams. Skype, once a dominant force in the industry for internet voice and video calls, has officially come to an end, concluding its over 20 - year operational history.
Many of Skype's core functions will be reflected in Teams, such as one - on - one calls, group calls, messaging, and file sharing. In addition, Teams offers functions like hosting meetings, managing calendars, creating and joining communities for free. (CCTV News)
Was CK Hutchison approved to sell ports other than those near the Panama Canal? Foreign Ministry: The report is baseless
On May 6, Foreign Ministry Spokesperson Lin Jian presided over a regular press conference. A reporter from TVB asked if the Chinese side had any comments on a recent media report claiming that CK Hutchison was approved to sell ports other than those near the Panama Canal. "This report is unfounded," Lin Jian reiterated. The State Administration for Market Regulation has stated that it is highly concerned about the relevant transaction and will conduct a review in accordance with the law. All parties involved in the transaction shall not take any measures to evade the review and shall not implement the concentration before obtaining approval. Otherwise, they will bear legal responsibility. The Chinese government will resolutely safeguard national sovereignty, security, and development interests in accordance with the law and maintain a fair and just market environment. "Business operations of enterprises should comply with relevant laws and shall not undermine national interests," Lin Jian emphasized. (The Paper)
European Natural Gas Prices Rise Amid Concerns Over Global LNG Competition
European natural gas prices have risen as traders anticipate an increase in natural gas demand in Asia. At the same time, considering the cooler weather and the tightening of supply due to gas field maintenance, the prices have gone up. The European Union plans to announce a plan to cut off Russian energy supplies by 2027, including a ban on new and existing natural gas spot contracts by the end of this year. Since April, natural gas prices have fallen by more than 15%, but the recovery of oil prices and speculative buying in other regions have provided support for natural gas prices. (Sina Finance)
Foreign Ministry: China and the European Parliament have decided to simultaneously and comprehensively lift restrictions on mutual exchanges
On May 6, Foreign Ministry Spokesperson Lin Jian presided over a regular press conference. A reporter asked whether it was true that China and the European Parliament had lifted restrictions on mutual exchanges. Lin Jian said that in the past few years, exchanges between the legislative bodies of China and the EU had encountered some twists and turns for well - known reasons. Under the current circumstances, both sides believe that it is very important to strengthen dialogue and cooperation between China and the EU. After consultations between the two sides, China and the European Parliament have decided to simultaneously and comprehensively lift restrictions on mutual exchanges. We believe and expect that with the full resumption of exchanges between the legislative bodies of China and the EU, exchanges and mutual understanding between the two sides will be deeper, which will inject new impetus into the sustained, healthy and stable development of China - EU relations. (CCTV News)
US Seeks to Force Google to Sell Its Ad - Tech Products
The US Department of Justice said that Google, a subsidiary of Alphabet Inc., should be forced to sell two businesses that help websites buy, sell and serve online ads after a judge ruled that the company had illegally monopolized the relevant market. The agency said in a court filing late on Monday that the company should be ordered to immediately sell its ad exchange platform, AdX, and then "gradually" divest a service that helps websites sell display ads. Google did not immediately comment on this. (Sina Finance)
Credit Suisse Admits Assisting U.S. Clients in Tax Evasion, to Pay $511 Million in Settlement
The U.S. Department of Justice announced that an entity under Credit Suisse Group has pleaded guilty to criminal charges of assisting ultra - wealthy U.S. clients in tax evasion and will pay a total of $511 million in fines and compensation. This is another major legal crisis for Credit Suisse after its acquisition by UBS Group in 2023. According to the investigation by the Department of Justice, Credit Suisse assisted U.S. clients in concealing more than $4 billion in assets and income from tax authorities through at least 475 offshore accounts. The prosecution stated: "Bank employees forged documents, fabricated donations, and provided services for accounts worth $1 billion without conducting tax compliance reviews." The settlement agreement consists of two parts: $372 million to resolve the charges of assisting in filing false tax returns, and $139 million as a condition for terminating the criminal prosecution. (Sina Finance)
314 million domestic trips made during the May Day holiday
During the May Day holiday in 2025, various regions rolled out a rich variety of tourism products, cultural activities and measures to benefit the public, aiming to meet the diverse and personalized needs of the public. According to the calculations of the Data Center of the Ministry of Culture and Tourism, 314 million domestic trips were made across the country during the five - day holiday, a year - on - year increase of 6.4%; the total spending of domestic tourists reached 180.269 billion yuan, a year - on - year increase of 8.0%. (Jiemian News)
Tesla's sales in Europe have dropped significantly, even as the new version of the Model Y starts to gain momentum
Tesla's sales continued to decline in major European electric vehicle markets in April, despite the launch of an upgraded version of the company's most popular model. The Society of Motor Manufacturers and Traders in the UK said on Tuesday that the company registered only 512 new cars in the UK last month, a 62% year-on-year decline. Tesla's sales in Denmark, the Netherlands, and Sweden fell even more, with the lowest drop reaching two-thirds. (Sina Finance)
The three major U.S. stock indexes closed down collectively, with most large technology stocks falling and few rising
36Kr learned that at the close on May 6, the three major U.S. stock indexes fell collectively. The Dow Jones Industrial Average dropped 0.95%, the Nasdaq Composite declined 0.87%, and the S&P 500 Index fell 0.77%. Most large technology stocks fell and few rose. Meta dropped 2%, Tesla declined more than 1%, and Amazon, Microsoft, Google, Nvidia, and Apple had slight declines; Arm and Netflix had slight increases. Most popular Chinese concept stocks rose. Baidu, iQiyi, Li Auto, and Weibo rose more than 1%, and Pinduoduo and Gaotu had slight increases; NIO declined more than 1%, XPeng Motors dropped 1%, and NetEase had a slight decline.
The forefront of AI
Mainland China Version of Apple AI Nears Launch, with Alibaba and Baidu Providing Support but with Different Roles
According to well - known technology journalist Mark Gurman, Apple AI is expected to debut some functions in the Chinese mainland in the iOS 18.6 system, with technical support from Alibaba and Baidu. Specifically, Baidu's Wenxin Yiyan large - language model will serve as the core cloud - based intelligent engine for the mainland China version of Apple AI, while Alibaba will be responsible for providing a review mechanism to conduct local compliance checks on the content generated by the AI. (Cailian Press)
Pinterest Upgrades Visual Search Function and Adds Multiple New AI Tools
Pinterest, an American interactive media and services company, is upgrading its visual search service with a series of new features. The company announced on Monday that it will launch multiple improvement plans to optimize the "search by image" function, including more precise search filtering tools and new technologies to make visual search across the entire site more user - friendly. (Sina Finance)
Investment and Financing
Chengdu Niying Xinghe Technology Co., Ltd. Completes 8 Million Yuan Angel Round Financing
36Kr learned that recently, Chengdu Niying Xinghe Technology Co., Ltd. announced the completion of an 8 million yuan angel round financing. This financing will be used to deepen technological R & D, accelerate the implementation of cross - border payment and digital RMB scenarios, and at the same time improve the construction of the "payment + e - commerce + supply chain" ecosystem. It is understood that the company focuses on core businesses such as the development and operation of an aggregated payment system and the construction of an e - commerce SaaS platform.
"Qianjue Robotics" Completes Tens of Millions of Yuan in Financing
36Kr learned that "Qianjue Robotics" recently completed tens of millions of yuan in financing. The latest round was invested by Yuanhe Origin, Gobi Partners, and Xiaomiao Langcheng. The funds will be used for technological R & D investment, product iteration, and accelerating the mass - production and delivery speed. Qianjue Robotics was founded in May 2024 and focuses on the R & D of multi - modal tactile perception and operation technologies for fine robot operations. Its core products include high - resolution multi - modal tactile sensors, intelligent modules for tactile perception and control, etc.
"Zhongwei Semiconductor" Secures 5 Million Yuan in Angel Round Financing
36Kr learned that "Zhongwei Semiconductor" has received 5 million yuan in angel round financing from Xiamen High - tech Investment and plans to conduct tens of millions of yuan in Series A financing next year. The funds from this round will be mainly used for the construction of equipment and factories for high - purity lithium sulfide, the core electrolyte material for solid - state batteries.
A Mini Survey on Young People's "Abnormal Relationships"
Nowadays, young people's romantic relationships are becoming increasingly "abnormal." When someone claims to be "single," they might actually be in a state of "relative singleness" with someone they're flirting with or having a sexual relationship with but haven't officially become a couple. Even after confirming a relationship, they won't question their partner about not posting on social media like before. Instead, they'll ask, "Why did you post me on your social media?" They break up, but not completely. They maintain an "unhealthy" connection with their ex while still meeting new people. Holding the attitude that "while a healthy relationship is important, a distorted one can be quite exciting," they keep getting involved in these "abnormal" relationships... Are modern people really so "crazy" when it comes to love? How should we define being single? Is it necessary to get a marriage certificate when getting married? Welcome to participate in the 2025 Mini Survey on "Abnormal Relationships" and let's talk about those romances that "can't be introduced to parents."
Scan the QR code to participate in the survey
Cross - border Platform Practice: Creating Blockbusters and Coping with Risks
With frequent rule changes, rising costs, and the ebbing of dividends, the cross - border e - commerce industry will enter a chaotic period in 2025. How can platforms operate effectively? How can sellers keep pace and avoid risks? Can blockbusters still be created? Are refinement and branding the trends or just false propositions?
At 19:00 on May 8th (this Thursday), the overseas expansion season of "CEO's Secret Strategies" has invited Zhang Bo, the founder of AnkerMake, and Yuan Yuan, the senior director of Walmart Global E - commerce, to analyze the underlying logic and breakthrough secrets of cross - border e - commerce platforms through practical experience. Come and make an appointment to watch!
Compiled | Guo Zihe
This article is from the WeChat official account "36Kr". It is published by 36Kr with authorization.