At 9 a.m., 1 Krypton News: Starting from May 10th, there's no need to present a household register for marriage or divorce; Jia Yueting voluntarily responds to the time of repaying debts and returning to China; A customer service staff of Xinxiangyin insults a customer and sends hell money.
Going public in progress
Jihong Co., Ltd.
36Kr learned that according to the Hong Kong Stock Exchange, Xiamen Jihong Technology Co., Ltd. has passed the listing hearing of the Hong Kong Stock Exchange. China International Capital Corporation and CMBC International are its joint sponsors.
TOP 3 Big News
From May 10th, there's no need to present a household register for marriage or divorce registration
The revised "Regulations on Marriage Registration" will come into force on May 10th, 2025. The main revisions of the Regulations cover three aspects: first, adding content related to marriage and family services; second, implementing the "nationwide cross - regional marriage registration"; third, optimizing marriage registration services. The Regulations clearly state that marriage registration authorities shall not charge fees for marriage registration. According to the Regulations, there's no need to present a household register when handling marriage or divorce registration.
Mainland residents applying for marriage registration shall present the following certificates and written materials: their resident identity cards; a signed statement indicating that they are unmarried and have no direct blood relationship or collateral blood relationship within three generations with the other party. Mainland residents applying for divorce registration shall present the following certificates: their resident identity cards; their marriage certificates. (Guangming Net)
FF Delivered Two Cars, Jia Yueting Posted a Video Saying He Misses Beijing, and "Returning to China After Repaying Debts" Won't Be Far Off
On May 9th, Jia Yueting, the founder of FF and LeEco, posted a video to commemorate the 11th anniversary of FF's establishment. He voluntarily mentioned that he misses home and wants to return to Beijing, indicating that the time for "returning to China after repaying debts" won't be far off. In the video, Jia Yueting straightforwardly said that he misses Beijing very much: "My children, father, and mother are all in Beijing, so I miss them very, very much and look forward to reuniting with them as soon as possible." Jia Yueting expressed his gratitude for everyone's attention over the years: "I thank everyone and am quite touched. After all, it has been eight years since I left China 17 years ago, but I'm still one of the focuses of everyone's attention."
Since the collapse of LeEco, over 90% of Jia Yueting's debts were debts he guaranteed for the company. On December 14, 2024, Jia Yueting delivered a video speech saying that he had repaid over 10 billion US dollars in debts, and he only needs to repay another 700 - 800 million US dollars to return to China. (Jiupai News)
Heng'an Group Responds to Complaint: Heart to Heart Customer Service Insulted Customer and Sent Hell Money, Account Login Location Abnormal
On May 8th, multiple netizens posted online that they were unreasonably insulted by "Exclusive Advisor No. 22" from the official Taobao flagship store of Heart to Heart. The advisor claimed, "Our customer service is just this arrogant," "If you have the guts, go ahead and file a complaint," and "How about compensating you with 1,000 yuan worth of hell money?" On May 9th, a customer service representative from Heng'an Group told "Zhengzai News" that they are currently aware of the situation. The investigation results show that the account was logged in from a different location. They are currently conducting an urgent verification and will impose the maximum penalty on the relevant personnel. They will also compensate the consumers later. (Zhengzai News)
Big Companies/Big Events
Italian company Moltiply sues Google, seeking nearly 3 billion euros in compensation
The Italian Moltiply Group said on Friday that it has filed a lawsuit against Google's parent company, Alphabet, seeking 2.97 billion euros ($3.34 billion) in damages, citing Google's abuse of its dominant market position, which the EU court has previously ruled on. Moltiply operates the popular Italian price comparison website Trovaprezzi.it. In a statement, Moltiply said its claim is based on the fact that between 2010 and 2017, Google's actions hindered the development of its subsidiary, 7Pixel, while Google Shopping benefited.
The U.S. tariff war has extended to products such as baby strollers: U.S. companies state bluntly that it's not China paying the tariffs
Campler is the head of a U.S. bicycle manufacturer. Since the U.S. government announced a series of tariff policies, the company's costs have soared. He revealed that the cost of a single wheel has nearly tripled. The U.S. Customs will directly deduct this fee from the company's account. In just one month from March 20th to April 20th, the company paid over $3.1 million in tariffs. "It's not China paying these tariffs," he said. "If all parts were produced domestically now, a bicycle that originally cost $100 would immediately sell for $1000." In U.S. children's product stores, the impact of high tariffs is gradually becoming apparent. Many retailers said that the purchase costs of products such as baby strollers and seats have increased significantly, and most products will see price hikes ranging from $50 to $300. (CCTV News)
Panasonic Group Plans to Cut 10,000 Jobs Globally
On May 9th, Panasonic Group announced that it plans to cut 10,000 jobs globally from fiscal year 2025 to fiscal year 2026, including 5,000 Japanese employees and 5,000 overseas employees. (Jiemian News)
Another Sky - high Divorce Case in A - share Market
On the evening of May 8th, Zhucheng Technology released an announcement stating that Zhang Jianchun, the controlling shareholder and actual controller of the company, and Shi Lefen have dissolved their marriage. Zhang Jianchun intends to transfer 8.7675 million shares of the company he directly holds to Shi Lefen through division. As of the close on May 8th, the stock price of Zhucheng Technology was reported at 43.49 yuan per share, with a total market value of 5.949 billion yuan. Based on this calculation, the market value of the above - mentioned shares to be divided is approximately 381 million yuan. (National Business Daily)
Wang Jianlin's 300 million yuan worth of equity frozen again
Recently, a new piece of equity freezing information has been added for Wang Jianlin. The enterprise where the equity is located is Dalian Wanda Commercial Management Group Co., Ltd. The amount of frozen equity is approximately 300 million yuan, and the freezing period is from May 8, 2025, to May 7, 2027.
Tianyancha risk information shows that previously, Wang Jianlin's 77.028 million equity in Dalian Hexing Investment Co., Ltd., 2.4 million equity in Dalian Wanda Group Co., Ltd., and other company equities have all been frozen. (Jiemian News)
Microsoft in Shanghai Lays Off Employees, Netizens Reveal Compensation of N+8
The news of Microsoft's layoffs in Shanghai has attracted a lot of attention and discussion online. Some netizens have revealed that employees are directly given a compensation of N+8. There are even reports that some long - serving employees are directly given 20 months' salary and then leave. As we all know, the salaries of R & D jobs are quite high. That means some people can get compensation in the hundreds of thousands or even millions.
Generally speaking, according to the legal regulations, the compensation for layoffs is usually N, N + 1 or 2N. The so - called "N" refers to the number of years an employee has worked in the company. If an employee has worked in the company for 3 years, when being laid off, they may receive compensation equivalent to 3 months', 4 months' or 6 months' salary. (Sina Securities)
CATL is reportedly seeking to raise at least $4 billion for its Hong Kong listing
Market news: CATL is reportedly seeking to raise at least $4 billion for its Hong Kong listing. (Sina Finance)
Baidu Maps Accused of "Squeezing in" Ads, Netizens: Can't Even Close Them, Affecting Driving Safety
Recently, many netizens have reported that huge advertising slogans unexpectedly appeared when they were using Baidu Maps for navigation. Netizens said that when using Baidu Maps for navigation, as long as they enter the route mode, there is a probability that the slogan "When you're tired and sleepy, drink Dongpeng Special Drink" will be printed on the road. Judging from the feedback screenshots, both iPhone and Android users can see this exclusive and distinctive advertisement.
In response, some netizens complained, "I don't even know how to turn it off." Some netizens also believed that the road - surface ads in navigation would affect driving safety, saying, "If the ads appear at positions such as turns or speed limits, it's very easy to mislead." As of now, Baidu Maps' official has not responded to this. (Orient Finance, Sina Finance)
SpaceX's Starlink Suspected of Being Abused by Telecom Fraud Camps
Reports claim that Elon Musk's Starlink satellite internet devices have long been widely used by telecom fraud camps in Southeast Asia, posing an adverse impact on the anti - fraud work of law enforcement agencies in multiple countries. However, SpaceX, the company behind Starlink, has not responded yet.
According to industry insiders, the internet service in Myanmar has always been unstable. Therefore, Starlink devices are one of the few reliable internet - connection solutions for some companies, groups, and humanitarian aid organizations. Approximately 3,000 Starlink devices were active in the past year. Although the use of Starlink services in Myanmar is unauthorized, relevant research has found that at least eight telecom fraud camps in Myawaddy have deployed Starlink. According to investigations by multiple media outlets such as Bloomberg and The Wall Street Journal, Starlink's internet services have been illegally accessed in many regions including Africa, the Middle East, and Central Asia. (Global Times)
Fat Donglai Labels Purchase Price and Gross Profit for Hetian Jade
Recently, the "feud" between Yu Donglai, the founder of Fat Donglai, and the internet celebrity "Chai Duidui" on social media over issues such as the price and quality of the jade sold by Fat Donglai has sparked intense discussions. According to netizens, on May 8th, the price tags of Fat Donglai's Hetian jade products marked the purchase price and gross profit margin. The staff also confirmed this to reporters, stating that from today onwards, the purchase price and selling price will be clearly marked on the price tags. This incident has not only had a profound impact on the parties involved but also triggered in - depth public reflection on the boundaries of self - media supervision and the ethics of the attention economy. It is not difficult to see that Yu Donglai's declaration of "leaving if justice is not served" shows both his determination to prove his innocence and his helplessness in the face of "opportunistic attacks". (Blue Whale News)
Celsius Founder Sentenced to 12 Years in Prison for Cryptocurrency Fraud
On May 8 local time, the U.S. District Court for the Southern District of New York sentenced Alex Mashinsky, the founder and former CEO of the bankrupt cryptocurrency lending company Celsius Network, to 12 years in prison. In December last year, Mashinsky pleaded guilty to securities fraud and commodity fraud. (Jiemian News)
The Cutting - Edge of AI
Qwen 3 Downloads Exceeded 3.3 Million Times in One Week
36Kr learned that on May 9th, Artificial Analysis, a globally authoritative AI benchmark testing platform, released the latest list of large models. Alibaba's Tongyi Qwen 3 (hereinafter referred to as Qwen 3) ranked among the top five globally in terms of intelligence level and ranked first among open - source models. Meanwhile, Qwen 3 has the lowest price among all top - tier models. Its inference cost is less than one - third of DeepSeek - R1 and one - twentieth of Claude 3.7. It is understood that since Qwen 3 was open - sourced, its global downloads have exceeded 3.3 million times in one week, making it one of the hottest open - source large models recently.
Tencent Hunyuan Releases and Opens Sources Video Generation Tool HunyuanCustom, Supporting Consistent Subject Generation
36Kr learned that on May 9th, Tencent Hunyuan's team released and open - sourced a brand - new multimodal customized video generation tool, HunyuanCustom. This model is built on the basis of the Hunyuan Video Generation Large Model (HunyuanVideo). Its performance in maintaining subject consistency surpasses existing open - source solutions and can rival top - notch closed - source models. HunyuanCustom integrates the ability to generate videos from multimodal inputs such as text, images, audio, and video. It is an intelligent video creation tool with a high degree of control and generation quality.
Quark, the flagship AI application of Alibaba, will launch "Deep Search Pro"
36Kr learned that recently, Quark upgraded its AI Super Box and newly released the "Deep Search" product, continuously solving diverse and complex problems for users with a "high search quotient". It is understood that Quark will also launch "Deep Search Pro". "Deep Search Pro" has reached an expert - level in multiple fields such as academia, business, science, humanities, law, computer science, and medicine, and can further help users solve complex tasks encountered in professional fields, comprehensively revolutionizing the way users obtain information and solve tasks.
Investment and Financing
"Fanlian Information" Secures Tens of Millions of Yuan in Financing
36Kr learned that "Fanlian Information", a domestic provider of distributed storage solutions, recently completed a Pre-A+ round of financing worth tens of millions of yuan. The round was led by Xinfang Capital, with participation from institutions such as Liwan Industrial Investment. Hongbo Investment served as the exclusive financial advisor. The funds from this round will be mainly used for the iterative development of distributed storage products, the R & D of products such as storage and computing all-in-one machines, as well as the layout and upgrade of the sales system.
Finewill Capital Invests Millions of Dollars in "Ultimate Spark Studio"
36Kr learned that recently, Wemade and the game industry fund Finewill Capital, in which it participated in the establishment, invested millions of dollars in the Chinese game development team "Ultimate Spark Studio". It is understood that the in - development project "Code Name: M" that received this investment is a uniquely positioned American - style cartoon - themed dungeon turn - based strategy SRPG that combines Victorian and Cthulhu elements. It focuses on in - depth strategy and high - quality experience, aiming to reshape the benchmark for the turn - based strategy genre in the global market.
“Chuanyuan Technology” Completes Series A Financing of Tens of Millions of Yuan
36Kr learned that recently, “Chuanyuan Technology”, a new energy detection technology enterprise, announced the completion of Series A financing of tens of millions of yuan. This round of financing was exclusively invested by Guangzhou Industrial Investment. The financing funds will be used for the iterative upgrade of the entire product line, the construction of a global brand matrix, and the development of an intelligent detection cloud platform.
Financial Reports of Large Companies
Microchip Technology's net sales in the fourth fiscal quarter reached $970.5 million, exceeding expectations
Microchip Technology announced its financial results for the fourth fiscal quarter ended March 31st on May 8th local time. The adjusted EPS for the fourth fiscal quarter was $0.11, compared with analysts' expectation of $0.1. The net sales in the fourth fiscal quarter were $970.5 million, while analysts had expected $962.7 million. The company expects net sales of between $1.02 billion and $1.07 billion in the first fiscal quarter, compared with analysts' expectation of $983.5 million. (Jiemian News)
Cool Products
Exclusive: Foldable iPhone to Launch with Samsung Panels First, with Almost Invisible Folds
On May 9th, according to supply chain sources, the foldable iPhone will debut with brand - new Samsung panels and use customized display technology. The report indicates that currently, Samsung's foldable screens use on - cell touch technology. In contrast, the foldable iPhone's solution takes it a step further by adopting in - cell touch technology. This integrates the originally external touch panel components with the display panel, making the foldable screen panel lighter and thinner. However, this technology is quite challenging, and Apple needs to overcome the mechanical stress and durability issues at the hinge.
When unfolded, this display is almost indistinguishable from an ordinary iPhone, without the common folds or hinge gaps found in traditional foldable devices. Apple journalist Mark Gurman also previously said that the folds on the foldable iPhone are almost invisible when it is unfolded. (Jiupai News, Caijing.com Technology)
Specifications of iPhone 17 Air Leaked
Apple plans to launch the brand - new iPhone 17 Air in September 2025. This model will replace the Plus version and become a new member of Apple's smartphone product line. In terms of screen configuration, the iPhone 17 Air features a 6.6 - inch OLED screen that supports a 120Hz high - refresh rate and all - day display function. Compared with the 6.7 - inch, 60Hz screen of the iPhone 16 Plus, it offers a smoother visual experience and more features.
Compiled | Guo Zihe