Krypton Evening News | The "Yangtze River Delta AI Biopharmaceutical Industry Alliance" was officially established; Baidu's AI search launched DeepSearch, the first one based on a content library of tens of billions of entries; The Ministry of Commerce and the National Development and Reform Commission revised and issued the "Measures for the Promotion, Operation and Management of the Catering Industry".
Large Companies:
36Kr learned that according to the Aiqicha App, recently, Jiangxi Bihui Moying Technology Co., Ltd. was established. The legal representative is Le Li, and the registered capital is 1 million yuan. Its business scope includes TV drama production, online culture operation, radio and TV program production and operation, information system integration services, movie filming services, etc. The equity penetration chart shows that the company is wholly - owned by Beijing Bimoxiangliu Technology Co., Ltd., which is a wholly - owned subsidiary of Beijing Douyin Information Service Co., Ltd.
AutoNavi Maps Reaches a Cooperation with Rokid
36Kr learned that on May 16th, AutoNavi Maps and Rokid announced a cooperation. They will jointly launch the world's first navigation intelligent agent (NaviAgent) application based on the full - scenario smart glasses Rokid Glasses, marking that AutoNavi's Planner - Executor architecture is about to start cross - terminal cooperation and deployment, gradually building a spatial intelligent ecosystem around travel and location services.
Feixiang Planet Makes an Appearance at the 2025 World Digital Education Conference
36Kr learned that on May 14th, the 2025 World Digital Education Conference hosted by the Ministry of Education was held in Wuhan. As the first systematically implemented general artificial intelligence course in China, Feixiang Planet was invited to the basic education achievement exhibition stand. It is reported that after the "Opinions on Accelerating the Digitalization of Education" was issued by nine departments including the Ministry of Education in April this year, this is the first education digitalization product to respond to the policy. The course covers the entire primary and secondary school stages and has been piloted in 1342 schools in provinces and municipalities such as Beijing, Chongqing, Yunnan, and Inner Mongolia, with 150,000 students participating.
Dick's Sporting Goods to Acquire Foot Locker for $2.4 Billion
On May 15th, Dick's Sporting Goods in the United States announced a definitive agreement to acquire North American sports footwear and apparel retailer Foot Locker. The equity value is approximately $2.4 billion, and the enterprise value is approximately $2.5 billion. Dick's Sporting Goods said that it expects Foot Locker to operate as an independent business unit in its portfolio and retain the brands under Foot Locker. (Jiemian)
36Kr learned that Baiyun Airport announced that the company plans to jointly invest with China Duty - Free Group Co., Ltd., Guangzhou Guangbai Co., Ltd., and Guangzhou Lingnan Group Holdings Co., Ltd. to establish China Duty - Free Downtown Duty - Free Goods (Guangzhou) Co., Ltd. to operate the downtown duty - free shop business in Guangzhou. The registered capital of the newly established company is 45 million yuan, of which Baiyun Airport will contribute 4.5 million yuan, accounting for 10%.
The "Yangtze River Delta AI Biomedical Industry Alliance" is Officially Established
36Kr learned that on May 16th, the 2025 Taihu Bay Life and Health Future Conference with the theme of "Digital and Intelligent Empowerment, Health for the Future" was held in Wuxi. AstraZeneca, Wuxi High - tech Zone, and the Yangtze River Delta Health Research Institute of Ruijin Hospital jointly launched the "Ruijin Yangtze River Delta Metabolism Industrial Park". In addition, the "Yangtze River Delta AI Biomedical Industry Alliance" jointly initiated by AstraZeneca, the Yangtze River Delta Future Technology Life and Health Research Institute of Peking University, Insilico Medicine, and the Shanghai Yangtze River Delta Medical Innovation Life and Health Industry Foundation and other leading industry - university - research institutions was also officially established.
36Kr learned that on May 16th, the Guangzhou Summit of the 2025 Tencent Global Digital Ecosystem Conference opened. Wang Qi, the vice - president of Tencent Cloud and the person - in - charge of Tencent Cloud's intelligent solutions, delivered a keynote speech at the meeting, in - depth introducing the latest progress and implementation practices of Tencent Cloud in the field of large - scale models. Wang Qi said that taking Tencent Cloud's large - scale model knowledge engine as an example, it can provide users with three application forms: standard mode, workflow mode, and Agent mode, creating a full - stack AI service ecosystem for enterprises from accurate Q&A to intelligent task execution.
New Products:
Baidu AI Search Launches the First DeepSearch Based on a Content Library of Billions of Items
36Kr learned that Baidu AI Search recently launched China's first deep search (DeepSearch) based on a content library of billions of items and launched innovative functions such as personal knowledge base and creative canvas, creating a new - generation intelligent search experience of "searching while thinking". This time, multiple innovative functions such as the personal knowledge base and creative canvas have been upgraded simultaneously, supporting content creation needs such as industry report document analysis, work reports, and web page production. Currently, the above functions are freely available to all users, and users can experience them after entering AI Search through the search box on the home page of Baidu's PC version.
Investment and Financing:
"Qihong Technology" Completes Tens of Millions of Yuan in Series A Financing
36Kr learned that on May 16th, "Qihong Technology" officially announced the completion of tens of millions of yuan in Series A financing. This round of financing was invested by Guoke Xinneng Venture Capital and will be mainly used for the expansion of the nano - cellulose mass production base, the research and development of high - end application scenarios, and the global market layout.
Brazilian Patria Launches a Data Center Platform with an Initial Investment of $1 Billion
Brazilian investment firm Patria Investimentos announced on Friday the launch of the hyperscale data center platform Omnia. With the acceleration of cloud computing and artificial intelligence applications in Latin America, the platform will invest approximately $1 billion in its first project over the next 18 to 24 months. The region (especially Brazil) is becoming a new hub for data center investors, thanks to its abundant renewable energy and relatively unrestricted growth prospects, in contrast to the more saturated markets in the United States and Europe. (Sina Finance)
36Kr learned that recently, "CAS Zidong Taichu" announced the completion of the first - round financing of hundreds of millions of yuan. This round of financing was led by Zhongke Chuangxing, with multiple investment institutions such as Yue Min Investment, Wuhan Tongwei, Zhongcai Financial Control, and Changxing Fund following. The funds from this round of financing will be used for the company's research and development and application of multi - modal artificial intelligence technology, strengthening the in - depth, wide - ranging, and multi - dimensional industrial layout in the "artificial intelligence +" field.
Other Noteworthy News:
36Kr learned that the Ministry of Commerce and the National Development and Reform Commission recently jointly issued the "Measures for the Promotion and Management of the Catering Industry" (hereinafter referred to as the "Measures"), which will come into effect on June 15, 2025. The original "Interim Measures for the Management of the Catering Industry" will be repealed simultaneously. The "Measures" include 25 articles, one more than the original measures. The revision of the "Measures" highlights the promotion orientation, adding incentive clauses in aspects such as the catering industry's foreign exchange and cooperation, digital development, standard formulation and revision, and the cultivation of local characteristic catering, guiding the high - quality development of the catering industry. In strict compliance with relevant laws and regulations, the requirements and incentive measures for catering service providers to combat food waste are clarified from the perspectives of internal management, reminders, food supply, and consumption scenarios, and the relevant requirements for business management are optimized and adjusted.
The Ministry of Commerce Holds a National Conference on Tax - Free Shopping for Departing Tourists
36Kr learned that the National Conference on Optimizing the Tax - Free Shopping Policy for Departing Tourists to Expand Inbound Consumption was held in Beijing yesterday. Developing tax - free shopping for departing tourists is an important means to boost consumption, an important measure to cope with external shocks, and an important way to expand high - level opening - up. Local commerce authorities should actively cooperate with relevant departments to accelerate the work of expanding tax - free stores, increasing tax - free products, and improving services, focusing on increasing the coverage of tax - free stores, enhancing the attractiveness of tax - free products, enhancing the sense of gain of overseas tourists, and expanding inbound consumption, making positive contributions to boosting consumption and promoting the continuous recovery and improvement of the economy. They should promptly improve the working mechanism, strengthen departmental coordination, widely pool efforts, strengthen data - driven decision - making, and innovate work measures to promote the rapid implementation of the tax - free shopping policy for departing tourists.
The Japanese Government Finalizes the Pension System Reform Bill
The Japanese government finalized the pension system reform bill at a cabinet meeting on the 16th. The main content is to expand the participation of part - time workers in the Employees' Pension Insurance. It was submitted to the Diet in the afternoon of the same day. The bill abolishes the annual income threshold (over 1.06 million yen, approximately over 50,000 yuan) for part - time workers to join the Employees' Pension Insurance and increases the amount of pension received in the future. It is reported that many part - time workers control their working hours to avoid paying premiums so that their annual income does not exceed 1.06 million yen. This will increase the burden on small and medium - sized enterprises that share the premium payments equally with employees. The bill also includes the expansion of pension payments for working elderly people and an increase in the premiums of high - income groups. (Cailian Press)