Krypton Evening News | Volvo Cars' US plant suspends production due to supply chain issues; Wuliangye: No plan to list in Hong Kong for now.
Large companies:
Didi Enterprise Edition Becomes the First Mobility Service Provider for 3M in China
Recently, Didi Enterprise Edition officially became the first mobility service provider for 3M, a Fortune Global 500 company, in China. Through innovative services such as paperless reimbursement, online vehicle - usage data management, and low - carbon travel, Didi Enterprise Edition will provide 3M with an efficient, compliant, and sustainable mobility management solution. Didi Enterprise Edition has rich practical experience in facilitating mobility management for foreign - invested enterprises in China. As of 2025, Didi Enterprise Edition has served over 3,000 foreign - invested enterprises in total, including 237 large - scale ones. In the past 12 months, the number of vehicle - usage orders placed by foreign - invested enterprise customers in China increased by 39% year - on - year, and Didi Enterprise Edition helped them save approximately 88 million yuan in comprehensive costs.
Sanxing Medical: Pre - won a bid for a State Grid procurement project worth approximately 213 million yuan
36Kr learned that Sanxing Medical announced that the company and its wholly - owned subsidiary, Sanxing Smart, have pre - won the bids for the 31st batch of procurement (the first metering equipment tender procurement for marketing projects) and the 32nd batch of procurement (the first charging and battery - swapping equipment tender procurement for marketing projects) of State Grid Corporation of China in 2025. The estimated total winning bid amount is approximately 213 million yuan.
Will Semiconductor is reported to have selected banks to prepare for a Hong Kong listing
36Kr learned that, according to reports, Will Semiconductor is reported to have selected banks to prepare for a Hong Kong listing, aiming to raise no more than $1 billion.
ExxonMobil to Sell Its French Subsidiary Esso to a Canadian Energy Group
Energy giant ExxonMobil said on Wednesday that it had entered into exclusive talks with the French subsidiary of Canadian energy group North Atlantic to divest its majority - owned French subsidiary, Esso. Esso said in a statement that the sale is expected to take place in the last quarter of this year, with the sale price set at 149.19 euros ($168.82) per share of Esso stock (before distribution), or 32.83 euros (after distribution). ExxonMobil is currently the major shareholder of Esso, holding 82.89% of the shares, and plans to divest all of them. Esso said that after the acquisition is completed, North Atlantic will make a mandatory takeover offer for the remaining shares of Esso on the same financial terms as the initial offer. (Sina Finance)
Lenovo Fully Upgrades Tianxi Personal Super Intelligent Agent to Build a Human-Machine Collaboration Ecosystem Covering All Scenarios of Learning, Creation, and Life
36Kr learned that recently, Lenovo has fully upgraded its Tianxi Personal Super Intelligent Agent to build a human-machine collaboration ecosystem covering all scenarios of learning, creation, and life. It is reported that the newly upgraded Tianxi Personal Super Intelligent Agent creates three non-intrusive intelligent interfaces, namely "AI Intuitive Window", "AI Smart Console", and "AI Shadow Frame", through the innovative "subtle as an elephant" AUI interaction. It also achieves dual guarantees of cross-terminal deep collaboration and privacy security with an edge-cloud hybrid deployment architecture. Its five key functions, including AI control, AI search, AI translation, AI note-taking, and AI services, have partially achieved the autonomous planning and in-depth thinking capabilities of L3-level intelligence.
Volvo Cars' US Plant Suspends Production Due to Supply Chain Issues
Volvo Cars spokesperson Kristin Boldman West said in an email that the company has temporarily halted production at its plant in South Carolina, the United States, due to supply chain issues related to a certain hardware component. The spokesperson said, "We won't speculate on the resumption time, but we're working hard to resume production as soon as possible." (Sina Finance)
Midea Group Establishes a New Retail Company in Foshan
36Kr learned that, according to the Aiqicha App, recently, Midea (Foshan Chancheng) New Retail Co., Ltd. was established. The legal representative is Zhu Chuicai, and the registered capital is 10 million yuan. Its business scope includes the sales of intelligent robots, intelligent unmanned aerial vehicles, semiconductor lighting devices, artificial intelligence hardware, etc. The equity penetration chart shows that the company is indirectly wholly-owned by Midea Group Co., Ltd.
Wuliangye: No plan to list in Hong Kong for now
36Kr learned that Wuliangye stated on the interactive platform that the company has no plan to list in Hong Kong for now.
Xiaohongshu E-commerce's "Friendly Market" Launches, Offering Over 1 Billion in Traffic Support for Selected Products
36Kr learned that recently, Xiaohongshu E-commerce announced that its "Friendly Market" will officially open on June 1st. Merchants who operate stores on Xiaohongshu E-commerce and meet the criteria of "friendly products, friendly services, and friendly prices" can all apply to be selected. Regarding these selected merchants and products, Xiaohongshu E-commerce stated that it will provide "maximum support," including large - scale coupon subsidies funded by the platform and over 1 billion in community traffic tilt for the selected products. It is understood that the "Friendly Market" is renamed from Xiaohongshu E-commerce's "Shopping" section. It is currently displayed on personal profiles and will become one of the key areas for Xiaohongshu E-commerce in the future. It will serve as a product form and business standard for Xiaohongshu E-commerce.
Suning.com's 618 Promotion Starts at 8 PM Tonight
36Kr learned that at 8 PM on May 28th, Suning.com officially launched its 618 promotion. It is reported that on top of the 15% and 20% subsidies for home appliances and 3C products from the government, consumers can also enjoy additional benefits such as a "minus 50 for every 300" cross - store full - reduction offer, a large - value consumption voucher worth up to 1500 yuan, and installment - payment discounts from banks. Meanwhile, Suning.com has intensified its 10 - billion - yuan subsidy campaign, with home appliances and 3C products available at up to 50% off.
Kingsoft Corporation: Revenue of RMB 2.338 billion in Q1, up 9% year-on-year
36Kr learned that Kingsoft Corporation announced in the Hong Kong Stock Exchange that its revenue in the first quarter of 2025 was RMB 2.338 billion, a year-on-year increase of 9%. Revenue from office software and services, online games and others accounted for 56% and 44% respectively of the Group's total revenue in the first quarter of 2025.
Ant Technology Day: Focus on Applications and Explore the Upper Limits of Intelligence
36Kr learned that May 27th was the "Ant Technology Open Day," during which Ant demonstrated its layout in focusing on applications and exploring the upper limits of intelligence. Facing the era of generative AI, Ant continues to use applications as the anchor point and comprehensively deploys full-link capabilities from technology to applications: it has self-developed the Bailing large-language and multi-modal foundation model, launched AI butlers in the fields of health, medical care, and daily life, as well as the new-generation AI visual search application "Tan Yixia," and built AI infrastructure such as the Treasure Chest intelligent agent development platform, trusted identity authentication, and payment MCP. Ant has also formed an AGI research team covering relevant areas such as large-language models, multi-modal models, inference models, reinforcement learning, multi-agents, and embodied intelligence, and is committed to moving towards information and physical AI.
Investment and Financing:
Hangzhou Daka Technology Group Co., Ltd. Completes 20 Million Yuan Series A Financing
36Kr learned that on May 28th, Hangzhou Daka Technology Group Co., Ltd. announced the completion of a 20 million yuan Series A financing. This round of financing was exclusively led by Furei Jiacheng Investment Management (Shanghai) Co., Ltd. The funds from this round of financing will be mainly used to deepen the research and development of the intelligent Internet of Things platform, expand the national technical service system, strengthen the application of artificial intelligence and edge computing technologies, and accelerate the implementation and deployment of vertical industry solutions. The company is committed to driving the intelligent management and full - life - cycle services of industrial equipment through innovative technologies.
Jiangsu Aisilong Holding Co., Ltd. Completes Series A Financing of 50 Million Yuan
36Kr learned that on May 28th, Jiangsu Aisilong Holding Co., Ltd. announced the completion of a Series A financing of 50 million yuan. This round of financing was led by the investment institution Fuxing Capital. The funds will be mainly used for new energy technology R & D, the upgrading of the intelligent manufacturing industrial chain, global market expansion, and the commercialization of green environmental protection technologies, to accelerate and support Aisilong Holding's innovation ecosystem in the fields of technology R & D, industrial chain integration, and green technology commercialization, and continuously deliver high - value solutions.
New Products:
DJI Enters the Floor Cleaning Robot Market, First Product to Be Released Soon
It is learned from informed sources that DJI's floor cleaning robot products have started mass production and are expected to be released in June. It is understood that DJI has been researching and developing floor cleaning robots for more than four years, and the product to be launched soon is a combined sweeping and mopping robot. An industry insider analyzed that the current floor cleaning robot market is in a growth trend, and as a new player, DJI will stimulate the vitality of the floor cleaning robot market. (China Securities Journal)
Today's Views:
"The Government Efficiency Department Has Become a Scapegoat," Musk: Shifting Focus from Layoffs to Government Computer Systems
The Washington Post reported on the 27th local time that Musk said in an interview that the Government Efficiency Department has become a "scapegoat" in Washington. Musk mentioned that the measures related to the Government Efficiency Department have sparked extremely strong reactions. "The Government Efficiency Department has simply become the 'scapegoat' for all problems." "No matter where there is a problem, even if it has nothing to do with us, we will be blamed." However, Musk still insists that his work at the Government Efficiency Department is not over. He plans to shift his focus to improving the federal government's computer systems. This goal has sparked less controversy compared to measures such as large - scale layoffs. (CCTV News)
Other Notable News:
Japan Enacts Its First Artificial Intelligence Law
The plenary session of the Japanese Senate passed the first law specifically targeting artificial intelligence (AI) with a majority vote on the 28th. The law aims to promote the R & D and application of AI - related technologies and prevent their abuse. The "Act on Promotion of Research, Development and Application of Artificial Intelligence - Related Technologies" states that AI technology is the foundation for Japan's economic and social development and is also an important technology from the perspective of security. Under this new law, it is proposed to establish an "AI Strategy Headquarters" led by the Japanese Prime Minister and involving all cabinet members as the "command center" for Japan's AI policy, and to formulate an "AI Basic Plan". (Xinhua News Agency)
Passenger Car Association: From May 1st to 25th, the retail sales of the national passenger car market reached 1.358 million units, a year-on-year increase of 16%
36Kr learned that according to the data from the Passenger Car Association, from May 1st to 25th, the retail sales of the national passenger car market reached 1.358 million units, a year-on-year increase of 16% compared with the same period last May and a 9% increase compared with the same period last month. Since the beginning of this year, the cumulative retail sales have reached 8.23 million units, a year-on-year increase of 9%. From May 1st to 25th, the retail sales of the new energy passenger car market nationwide reached 726,000 units, a year-on-year increase of 31% compared with the same period last May and an 11% increase compared with the same period last month. The retail penetration rate of the new energy market nationwide was 53.5%. Since the beginning of this year, the cumulative retail sales have reached 4.05 million units, a year-on-year increase of 35%.