Krypton Evening News | vivo Launches Top Talent Recruitment Program: Covering Fields Such as Chips and Large AI Models, Stating No Upper Limit on Salaries; Huawei Recently Publishes Patents Related to Folding Hinge Technology; The General Offices of the CPC Central Committee and the State Council: Promote the Renovation of Old Urban Residential Areas
Large Companies:
36Kr learned that at 8 p.m. on May 16th, the 2025 Tmall 618 will officially kick off. With the addition of national subsidies, the flagship new mobile phone products have seen substantial price cuts across the board. Apple products have a direct price cut of 2,000 yuan, and the iPhone 16 Pro is included in the national subsidy for the first time, with a discount of 2,500 yuan. Brands such as Huawei, Xiaomi, and OPPO have also joined the fray. Flagship models priced over 6,000 yuan have all been reduced to within the scope of the national subsidy. Coupled with the Tmall 618 platform vouchers, the flagship models are all cheaper by over 1,000 yuan. Statistics show that in the first stage of Tmall 618, over 2,000 mobile phones support the superposition of Tmall 618 discounts and national subsidies. With the double subsidies, the prices can be as low as 50% off, covering mainstream mobile phone brands such as Apple, Huawei, Xiaomi, OPPO, vivo, Honor, Samsung, and OnePlus.
Recently, vivo launched a top - talent recruitment project called the "Blue Polar Star Program". According to the recruitment information, the Blue Polar Star Program is positioned as vivo's most core talent strategy, targeting top - level technical talents from global universities. In terms of treatment, vivo promises no upper limit on salaries. However, the threshold for the Blue Polar Star Program is also very high, only open to doctoral students. The positions recruited this time involve core technical fields such as XR, AI large models, imaging, chips, and device development, with more than a dozen types of positions. The overall recruitment scale is about a hundred people, with the most positions in the imaging direction. (Sina Technology)
36Kr learned that Hainan Haiyao announced that it has signed a strategic cooperation framework agreement with Malaysia Aikang International Group. The aim is to actively respond to the country's "Belt and Road" initiative, deepen regional economic cooperation, promote the construction of the Hainan Free Trade Port, and deepen cooperation in the field of medical and health. The agreement includes agency cooperation, market development, brand co - construction, and market promotion. The goal is to layout the large - health field, enrich the product pipeline, and help traditional Chinese medicine products explore the Southeast Asian market through the sharing, synergy, integration, and complementarity of the two sides' advantageous resources. This agreement is an intention - based agreement and will not have a significant impact on the company's operating performance in 2025.
Huawei Recently Announces Patents Related to Folding Hinge Technology
36Kr learned that the Aiqicha App shows that in February 2025, Huawei Technologies Co., Ltd. applied to register a trademark "Compatible with Hongmeng Computer HMOS", with the international classification of website services. The trademark is currently awaiting substantive review. In addition, in April 2025, Huawei Technologies Co., Ltd. announced a patent for a "hinge device, folding device, and foldable electronic device". The hinge device provided by the professional embodiment can adjust the length of the folding device in the foldable electronic device, avoiding the display screen from being squeezed or stretched during the folding and unfolding process.
36Kr learned that Alibaba released its financial results for the fourth quarter and the full year of fiscal year 2025. The financial report shows that due to the strong performance of offline businesses and the continuous growth of Youku's advertising revenue, Alibaba's Big Entertainment Group's revenue in that quarter reached 5.55 billion yuan, a year - on - year increase of 12%. In this quarter, Alibaba's Big Entertainment achieved an adjusted EBITA profit of 36 million yuan, mainly driven by Youku's improved operational efficiency and profitability. In 2023, Alibaba's Big Entertainment proposed a three - year strategy, focusing on top - notch content and technological innovation and pursuing long - term value. In this quarter, the three - year strategy has been verified in practice, and initial results are showing.
NetEase: Q1 2025 Revenue Reaches 28.8 Billion Yuan, R & D Investment Reaches 4.4 Billion Yuan
36Kr learned that NetEase released its financial report for the first quarter of 2025. The financial report shows that in that quarter, NetEase achieved a revenue of 28.8 billion yuan, a year - on - year increase of 7.4%. Under non - GAAP, the net profit attributable to the company's shareholders was 11.2 billion yuan; the R & D investment was 4.4 billion yuan, with an R & D investment intensity of 15%. In the first quarter, the net revenue from games and related value - added services was 24 billion yuan. In addition, NetEase Youdao's net revenue in this quarter was 1.3 billion yuan; NetEase Cloud Music's net revenue was 1.9 billion yuan; and the net revenue from innovation and other businesses was 1.6 billion yuan.
New Products:
The 2026 Leapmotor C10 Launches, with a Price Range of 122,800 - 142,800 Yuan
36Kr learned that on May 15th, the 2026 Leapmotor C10 under Leapmotor was officially launched. The new car has a total of 5 models, with a price range of 122,800 - 142,800 yuan. The new car still uses a dual - power combination. The pure - electric version has a CLTC range of up to 605 km, and the extended - range version has a pure - electric CLTC range of 210 km and a comprehensive range of up to 1,190 km. The 2026 Leapmotor C10 upgrades the LEAP3.5 technical architecture, achieving four major improvements in range, driving control, intelligence, and design, with a value increase of up to 24,000 yuan.
BYDFi Officially Launches the On - Chain Trading Tool MoonX
36Kr learned that the global cryptocurrency trading platform BYDFi officially launched the on - chain trading tool MoonX. According to the introduction, MoonX is not a new exchange, nor a wallet, but a "light - weight way to enter the Web3 on - chain world". MoonX covers over 500,000 types of MemeCoins and accesses multi - platform liquidity (such as Pump.fun, Raydium, PancakeSwap, etc.). Currently, it supports the Solana and BNB chains, and will expand to more mainstream public chains in the future.
Investment and Financing:
"Magic Atom" Secures Another Hundreds of Millions in Financing
36Kr learned that the embodied intelligent robot company "Magic Atom" announced the completion of a new round of strategic financing worth hundreds of millions of yuan. The investors in this round include strategic industrial capital Hechuang Zhiyuan and Xinlian Capital, and financial investors Huaying Capital, Xiaochi Capital, and Yuanhe Houwang. The old shareholders, Zhuichuang Venture Capital and Yipu Fund, continued to increase their investment. The new funds will be used for the iterative R & D of core technologies for embodied intelligence, the construction of the VLA model, and to accelerate the implementation of robots in industrial and commercial scenarios.
Today's Views:
Economist Peter Schiff: Boeing's Massive Aircraft Deal Will Drive Up US Inflation and Interest Rates
While the market cheered for Boeing's nearly $100 - billion aircraft deal with Qatar Airways, well - known economist Peter Schiff issued a warning. Schiff emphasized the potential financial impact of Boeing's massive deal with Qatar on Wednesday. This deal involves the purchase of 160 aircraft for Qatar Airways. Although Schiff admitted that it is "good for Boeing", he warned that this deal may bring hidden costs to the US economy. He said that in order to raise funds for this purchase, "Qatar may sell a large amount of US Treasury bonds and other US assets", which will further strain the already - pressured US bond market. (Sina Finance)
Other Noteworthy News:
The General Offices of the CPC Central Committee and the State Council issued an opinion on continuously promoting urban renewal. Promote the renovation of old urban residential areas. Renew and renovate aging pipelines such as gas pipelines in the community, renovate pedestrian walkways, exhaust flues, and ventilation shafts in the buildings, and eliminate all safety hazards. Support the installation of elevators in eligible buildings. Renovate the community and its surrounding environment, improve supporting infrastructure such as parking, charging, fire protection, and communication in the community, and add public service facilities such as meal - delivery services and housekeeping services. Strengthen the quality and safety supervision of the renovation of old residential areas and hold all participating construction units accountable. Improve the long - term management mechanism of the community in conjunction with the renovation, and pay attention to guiding residents to participate in and supervise to jointly maintain the renovation results. (Xinhua News Agency)
36Kr learned that the Supreme People's Court and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Strict and Just Law Enforcement and Judicial Services to Guarantee the High - Quality Development of the Capital Market". The opinions mentioned that illegal acts that interfere with the normal operation of the market and disrupt the order of the capital market, such as fabricating and spreading false information, "rights - protection black industries", and unfair competition in the issuance and listing process, should be cracked down on according to law to create a clean and upright market ecosystem. For acts of disrupting the market order and damaging others' rights and interests by fabricating and spreading false information such as "small essays", if the victim files a civil lawsuit for damages, the people's court will support it according to law; if it constitutes a crime, criminal liability will be pursued according to law.
The Ministry of Commerce on the Next Steps of China - US Economic and Trade Talks
On the afternoon of May 15th, the Ministry of Commerce held a regular press conference. A reporter asked about the next steps of China - US economic and trade talks. He Yongqian, the spokesperson of the Ministry of Commerce, said that from May 10th to 11th, He Lifeng, the Chinese leader for China - US economic and trade affairs and Vice - Premier of the State Council, held high - level China - US economic and trade talks with the US leaders, US Treasury Secretary Vincent and US Trade Representative Greer, in Geneva, Switzerland. The two sides had a candid, in - depth, and constructive communication around implementing the important consensus reached in the China - US presidential phone call on January 17th this year, reached a series of important consensuses, and the talks achieved substantial progress. The two sides reached the "Joint Statement of the China - US Geneva Economic and Trade Talks". Next, China and the US will maintain communication on their respective concerns in the economic and trade field based on the consensus reached in the Geneva talks. (Riyue Tan Tian)
China Implements Visa - Free Policy for Five Countries Including Brazil
China has decided to expand the scope of visa - free countries. From June 1st, 2025, to May 31st, 2026, a visa - free policy will be implemented for ordinary passport holders from Brazil, Argentina, Chile, Peru, and Uruguay. Ordinary passport holders from the above five countries who come to China for business, tourism, visiting relatives and friends, exchanges, and transit for no more than 30 days can enter China without a visa. (CCTV News)