Krypton Evening News | The spokesperson of the Ministry of Commerce made remarks on the joint statement of the China-US economic and trade talks in Geneva; Nissan Motor is reported to cut another 10,000 jobs; The Xiaomi SU7 won the sales championship in the price range of over 100,000 yuan in the Chinese auto market in April.
Large companies:
Zhang Haochuan Resigns as Vice President of China Merchants Securities Due to Personal Reasons
There is a latest adjustment in the senior management of China Merchants Securities. Due to personal reasons, Zhang Haochuan has resigned as the vice president of China Merchants Securities. His departure date was May 12th, and his original term on the board of directors was supposed to end on January 18th, 2027. China Merchants Securities stated that Zhang Haochuan has completed the work handover in accordance with the company's relevant regulations, and the board of directors expressed sincere gratitude for his positive contributions. His resume shows that Zhang Haochuan has many years of management experience in asset management companies, including working at asset management companies such as China Life Franklin. He has served as the vice president of China Merchants Securities and been in charge of the asset management business since May 2022, for a total of three years to date. (Caixin Press)
Xiantan Co., Ltd.: Chicken product sales revenue reached 447 million yuan in April, a year-on-year increase of 0.44%
36Kr learned that Xiantan Co., Ltd. released an announcement stating that in April 2025, the company achieved chicken product sales revenue of 447 million yuan and a sales volume of 49,800 tons, with year-on-year changes of 0.44% and 2.15% respectively, and month-on-month changes of -1.48% and -9.81% respectively.
Zhongyuan Expressway: Toll revenue reached 348 million yuan in April
36Kr learned that Zhongyuan Expressway issued an announcement stating that the company's toll revenue in April 2025 was 348 million yuan.
Report: Apple Considers Raising iPhone Prices in the Fall
It is reported that Apple is considering raising the prices of iPhones in the fall. (Cailian Press)
Huawei and Ubtech Robotics Officially Sign a Comprehensive Cooperation Agreement
36Kr learned that Huawei and Ubtech Robotics officially signed a comprehensive cooperation agreement in Shenzhen. The two parties will carry out innovative cooperation in product technology R & D, scenario applications, and industrial systems in the fields of embodied intelligence and humanoid robots. Relying on its full - stack AI infrastructure capabilities, Huawei will support Ubtech in building an embodied intelligence innovation center. They will also cooperate in creating a joint demonstration plan of "humanoid robots + smart factories" based on scenarios and developing household service humanoid robots (including bipedal and wheeled humanoid robots), so as to accelerate the transformation of humanoid robots from laboratory innovation to efficiency improvement and implementation in scenarios such as industry and households.
Nissan to Cut Another 10,000 Jobs, Reportedly
On May 12th, it was reported that Nissan has decided to cut another 10,000 jobs. Combined with previous plans, this will result in approximately 20,000 job cuts, accounting for about 15% of the group's total employees. (Jiemian)
Xiaomi SU7 Wins the Sales Championship in the Price Range Above 100,000 RMB in the Chinese Auto Market in April
36Kr learned that according to the data from the publicly available "National Passenger Car Retail Sales Ranking in April 2025", Xiaomi SU7 won the sales championship in the price range above 100,000 RMB in the Chinese auto market in April (regardless of vehicle models and energy forms). The top three best - selling models in the price range above 100,000 RMB in the Chinese auto market in April are as follows: Xiaomi SU7 (with 28,585 units sold), Nissan Sylphy (with 24,458 units sold), and Geely Xingyue L (with 23,658 units sold).
Reports: Stellantis Close to Deciding on New CEO
According to people familiar with the matter, Stellantis' complex search for a new CEO is nearing an end, and Antonio Filosa, head of its North American operations, has emerged as the leading candidate. The sources said the company is about to make a final decision on the new CEO. Since the discussions were private, these people asked not to be named. They said the situation remains fluid, and the board led by Stellantis Chairman John Elkann could ultimately choose someone other than Filosa. (Sina Finance)
Tencent's WeChat and QQ platforms implement national earthquake early warning
36Kr learned that May 12th this year marks the 17th anniversary of the Wenchuan earthquake and the 17th National Disaster Prevention and Mitigation Day. Following the launch of the national official earthquake early warning platform on WeChat and the earthquake early warning function for Sichuan Province on QQ last year, QQ has officially launched the national earthquake early warning function today. All WeChat and QQ users across the country can now enable earthquake early warnings. The earthquake early warning function is now available on both WeChat and QQ platforms nationwide. With Tencent's product and technological capabilities, it will further help earthquake early warnings achieve effective disaster - reduction results.
Fliggy's 618 Sale will start at 8 PM tomorrow evening, with both the number of participating merchants and the number of promotional products hitting new highs
36Kr learned that at 8 PM on May 13th, the 2025 Fliggy 618 Spot Sale kicked off, and the sales period will last until 24:00 on June 20th. According to the Fliggy 618 project team, both the number of merchants and the number of products participating in this year's 618 event have reached new highs. The promotional products cover over 160 countries and regions. In addition, both the marketing investment and marketing capabilities of Fliggy's 618 this year have been upgraded. For example, a special shelf for Taobao 88VIP members has been launched to help high - quality products from more merchants stand out and drive the explosion of sales during the promotion. Fliggy is offering more product placement slots for live - streaming sales and greater traffic support. As of now, the number of product placement slots has increased by over 100% compared to last year.
Weilong Delicious: 2025 as the First Year of Digital Efficiency Improvement, Start with Feishu First
36Kr learned that Weilong Delicious announced that it will introduce Feishu, a product under ByteDance, as the platform for full - staff collaboration and communication, opening a new chapter in the era of enterprise efficiency. Weilong Delicious said, "This move marks an important step for Weilong on the path of digital transformation. In the future, through Feishu's digital capabilities, we will improve organizational efficiency and layout AI productivity, helping Weilong become the 'benchmark for digital and intelligent transformation in the food industry'." Liu Fuping, the vice - chairman and CEO of Weilong Delicious, proposed that "2025 is the first year of digital efficiency improvement for Weilong Delicious. In the future, we will use digital means to connect every business link and process. In this process, we hope that all employees can participate and jointly formulate the processes."
Midea Group Reaches Strategic Cooperation Agreement with BDR Thermea Group
36Kr learned from Midea Group's official WeChat account that on May 12, Midea Group and BDR Thermea Group signed multiple strategic agreements. The series of agreements signed by the two parties include the following main contents: Midea will acquire BDR Thermea's existing business in China, covering manufacturing, sales networks, and core technologies; according to the brand licensing agreement, Midea will continue to use the above four brands in the Chinese market to improve its multi - brand matrix; BDR Thermea Group will retain a streamlined supply - chain business in China and focus on global strategic procurement; after the acquisition is completed, Midea will supply boiler products and services to BDR Thermea Group's extensive overseas markets.
Investment and Financing:
Guizhou Lujiayi Technology Co., Ltd. Completes 15 Million Yuan Angel Round of Financing
36Kr learned that recently, Guizhou Lujiayi Technology Co., Ltd. completed a 15 million yuan angel round of financing. This financing will be used for the R & D and promotion of Lujiayi's SCRM system. It is understood that Lujiayi Technology is a technology company that uses artificial intelligence and big data technology innovation to empower enterprises' diversified sales ecosystems. It provides a one - stop solution for the full - process intelligent sales SaaS service from "finding customers - screening customers - managing customers to precipitating digital assets", helping enterprises achieve the upgrading and iteration of full - process digital business intelligence.
New Products:
Alipay Now Supports Voice Calls, Displaying the Real Names of Call Recipients
On May 12th, Alipay launched a new voice call feature. After upgrading to the latest version of Alipay, users can find the voice call entry by clicking the "+" button in the chat box with friends on the message interface. If it's the first time using this feature, the page will prompt the characteristics of this function: the accounts are verified through Alipay's real - name authentication, ensuring security; there is no voice distortion during the call to guarantee authenticity; Alipay does not store call content to protect user privacy. (Interface)
Today's Viewpoint:
Five Departments: Support Nansha in Conducting Cross - border Equity Investment Facilitation Pilot Projects
36Kr learned that five departments, including the central bank, jointly issued the "Opinions on Financial Support for Guangzhou Nansha to Deepen All - round Cooperation in the Guangdong - Hong Kong - Macao Greater Bay Area Facing the World". It mentioned that institutional arrangements should be established to facilitate cross - border equity investment business. Support Nansha in conducting cross - border equity investment facilitation pilot projects and simplify the application process. Explore the provision of online cross - border equity investment services relying on the existing digital service platform.
Other News Worth Paying Attention To:
Spokesperson of the Ministry of Commerce Comments on the Joint Statement of the China-US Economic and Trade Talks in Geneva
36Kr learned that according to the Ministry of Commerce, from May 10th to 11th local time, He Lifeng, the Chinese lead negotiator for China-US economic and trade issues and Vice Premier of the State Council, held high-level China-US economic and trade talks in Geneva, Switzerland, with the US lead negotiators, US Treasury Secretary Bessent and US Trade Representative Greer. The two sides had candid, in-depth and constructive communication on implementing the important consensus reached in the phone call between the Chinese and US heads of state on January 17th this year, and reached a series of important consensuses in the economic and trade field. At 9:00 a.m. local time on May 12th, the two sides issued the "Joint Statement of the China-US Economic and Trade Talks in Geneva". The spokesperson of the Ministry of Commerce made comments on this. The high-level China-US economic and trade talks have achieved substantial progress. The bilateral tariff levels have been significantly reduced. The US has cancelled a total of 91% of the additional tariffs it imposed, and China has correspondingly cancelled 91% of the counter - tariffs. The US has suspended the implementation of the 24% "reciprocal tariffs", and China has also correspondingly suspended the implementation of the 24% counter - tariffs. This measure meets the expectations of producers and consumers in both countries and is in line with the interests of both countries and the common interests of the world. It is hoped that based on these talks, the US will continue to work towards the same goal with China, completely correct the wrong practice of unilateral tariff hikes, continuously strengthen mutually beneficial cooperation, maintain the healthy, stable and sustainable development of China-US economic and trade relations, and jointly inject more certainty and stability into the world economy.