Krypton Evening News | Google CEO: The monthly active users of Gemini AI applications have exceeded 400 million; Malaysia to offer incentives for the chip manufacturing industry; PetroChina and others establish a new vehicle energy sales company in Jinzhou.
Large Companies:
On May 20 local time, the UAE Ministry of Industry and Advanced Technology signed a memorandum of understanding with Airbus to promote the improvement of local aviation manufacturing capabilities. The memorandum establishes a framework for long - term cooperation between the two parties in the aviation industry, aiming to promote the sustainable growth of the UAE's national industry, develop the local supply chain system, and facilitate local enterprises to integrate into Airbus' global value chain. (Jiemian)
36Kr learned that XPeng Motors released its financial report for the first quarter of 2025. The report shows that the net loss in this quarter was 660 million yuan, compared with a net loss of 1.37 billion yuan in the same period last year, and the market expected a net loss of 1.386 billion yuan. The delivery volume was 94,008 units, a year - on - year increase of 330.8%. It is expected that the revenue in the second quarter will be between 17.5 billion and 18.7 billion yuan, a year - on - year increase of about 115.7% - 130.5%. The delivery volume is expected to be 102,000 - 108,000 vehicles, a year - on - year increase of 237.7 - 257.5%. As of press time, XPeng Motors' US stocks rose more than 6% in pre - market trading.
36Kr learned that Huashi Technology announced that on February 21, 2025, the company disclosed that Ye Jianbiao, one of the actual controllers, director, and general manager, was placed under detention and investigated by the Tonglu County Supervision Commission. On May 20, 2025, the company received notice from Ye Jianbiao's family that the Tonglu County Supervision Commission had decided to extend Ye Jianbiao's detention time by three months. At present, the company's board of directors operates normally, and the daily operation and management are in the charge of the senior management team. The production and operation order of the company and its subsidiaries is normal, and all businesses are progressing steadily.
Malaysia to offer incentives for the chip manufacturing industry
Malaysia's official media reported on Wednesday, quoting the trade minister, that the country's Ministry of Trade plans to offer incentives to the domestic semiconductor industry in July. According to the national news agency Bernama, Trade Minister Tengku Zafrul Aziz said that specific details could not be provided at present, but the government would continue to support the chip manufacturing industry. (Sina Finance)
36Kr learned that Baidu released its financial report for the first quarter of 2025. The report shows that Baidu's total revenue in the first quarter reached 32.5 billion yuan, of which the core revenue was 25.5 billion yuan, a year - on - year increase of 7%, both exceeding market expectations. In the first quarter, Baidu's core net profit increased by 48% year - on - year to 7.63 billion yuan, and Smart Cloud continued to grow strongly, with a year - on - year growth rate of 42%. The report shows that in March, the monthly active users of Baidu App reached 724 million, a year - on - year increase of 7%. In terms of autonomous driving, as of May 2025, Apollo Go has provided more than 11 million rides globally. In the first quarter of this year, Apollo Go provided more than 1.4 million rides globally, a year - on - year increase of 75%.
36Kr learned that Weibo released its financial report for the first quarter of 2025. The report shows that Weibo's total revenue in this quarter was 396.9 million US dollars, approximately 2.883 billion yuan; the adjusted operating profit in the first quarter was 129.5 million US dollars, approximately 943 million yuan, exceeding Wall Street expectations. In terms of users, as of the end of the first quarter, Weibo's monthly active users reached 591 million, and daily active users reached 261 million.
Foton Motor: Receives 124 million yuan in national new - energy vehicle promotion subsidies
36Kr learned that Foton Motor announced that the company recently received 124 million yuan in central subsidies for new - energy vehicle promotion transferred and paid by the Beijing Municipal Finance Bureau. The subsidies received this time will not affect the current profit and will directly offset the company's accounts receivable for new - energy subsidies, which will have a positive impact on the company's cash flow and reduce capital occupation.
Italian antitrust authority ends investigation into Dior
The Italian antitrust authority has ended its investigation into Dior, a subsidiary of LVMH, and its two subsidiaries. The original investigation accused them of misleading consumers with statements about the working conditions of suppliers. The authority said that although no fault was found, Dior had made commitments. Dior's commitments include paying 2 million euros (2.3 million US dollars) over five years to support an initiative open to other brands, aiming to help victims of labor exploitation. (Sina Finance)
CNPC and others establish a new vehicle - use energy sales company in Jinzhou
36Kr learned that the Aiqicha App shows that recently, Jinzhou Taihu Jincheng Vehicle - Use Energy Sales Co., Ltd. was established. The legal representative is Li Ying, and the registered capital is 160 million yuan. Its business scope includes food sales, accommodation services, tobacco product retail, and crop seed business. The equity penetration map shows that the company is jointly held by Jinzhou Guotou Project Management Co., Ltd. and CNPC Taihu (Beijing) Investment Co., Ltd., a subsidiary of PetroChina Company Limited.
Investment and Financing:
36Kr learned that Envipco announced that the company plans to participate in the auction of the use right of state - owned construction land in Guanlan Street, Longhua District, Shenzhen, for the investment and construction of a R & D center and production base for precision temperature - control energy - saving equipment, with a total investment of no less than 1 billion yuan. This investment project needs to go through pre - approvals such as filing and environmental assessment approval by relevant government departments, and there are risks of uncertainty in the auction result and transaction price of the land use right. In addition, the project construction funds will come from self - owned funds, self - raised funds, etc., and there may be risks that the project progress or returns may not meet expectations due to untimely capital investment.
SpaceX: Will invest about $1.5 billion to provide broadband Internet services across Vietnam
According to the Vietnamese government website, on May 20 local time, Vietnamese Minister of Industry and Trade Nguyen Hong Dien held a working discussion with representatives of several US companies. Tim Hughes, senior vice - president of SpaceX, said that the company will invest in and develop telecommunications infrastructure in Vietnam through the Starlink satellite Internet service project. SpaceX will invest about $1.5 billion across Vietnam, especially in remote, border, and island areas, to provide broadband Internet. It is expected that in the first phase, SpaceX will set up 10 to 15 ground stations in Vietnam. (Sina Finance)
New Products:
Red Hat announces the launch of Red Hat AI Inference Server
36Kr learned that Red Hat, an open - source solutions provider, recently announced the launch of the Red Hat AI Inference Server, which is an important step in popularizing generative AI (gen AI) in the hybrid cloud. As a new product in Red Hat AI, this enterprise - level inference server is derived from the powerful vLLM community project and is further enhanced through Red Hat's integration of Neural Magic technology. It can provide higher speed, accelerator efficiency, and cost - effectiveness, helping to realize Red Hat's vision of "running any generative AI model on any AI accelerator in any cloud environment".
JD Health's "Jingyi Qianxun" medical large - model to be upgraded to version 2.0
Learned from JD that after being fully open - sourced in February this year, JD Health's self - developed medical large - model "Jingyi Qianxun" will be upgraded to version 2.0. The newly upgraded "Jingyi Qianxun" medical large - model 2.0 integrates multi - source clinical information through multi - modal perception and deep retrieval technology to build a decision - support system close to real - world scenarios. It is understood that in the field of specialized disease treatment, "Jingyi Qianxun" 2.0 shows breakthrough value. For complex scenarios in diseases such as malignant tumors and cardiovascular and cerebrovascular diseases, it provides personalized diagnosis and treatment suggestions for clinical doctors through the in - depth combination of evidence - based medicine and individual patient data. The imaging and pathological diagnosis module can quickly analyze imaging and pathological images, greatly reducing the burden of doctors' image reading and assisting in treatment decisions. (Guoshi Express)
Today's Views:
Google CEO: The monthly active users of Gemini AI application exceed 400 million
Google CEO Sundar Pichai said on May 20 local time that the monthly active users of the Gemini AI application have exceeded 400 million. In addition, Google announced that the AI overview is now available in more than 200 countries and regions, covering more than 1.5 billion users, supporting more than 40 languages, and adding support for languages such as Arabic, Chinese, Malay, and Urdu. (Jiemian)
Elon Musk: Tesla to launch autonomous taxi service in Austin, Texas, next month
Elon Musk said on May 20 local time that Tesla will launch an autonomous taxi service in Austin, Texas, in the United States at the end of June. Musk said that Tesla will first launch about 10 autonomous vehicles in some areas of Austin. If the launch goes smoothly and no accidents occur, it will expand to about 1,000 vehicles within a few months, and then expand the service to cities such as Los Angeles and San Francisco. (Jiemian)
Other Noteworthy News:
The IMF urges the US to cut its fiscal deficit. Gita Gopinath, the first deputy managing director of the International Monetary Fund (IMF), said that the US fiscal deficit is too large, and it needs to address its "growing" debt burden. Gopinath said in an interview with the media that although there has been positive progress in tariffs, the US is still affected by "very high" trade - policy uncertainty. (Sina Finance)