Krypton Evening News | CHAGEE: Net profit reached 677 million yuan in Q1, a year-on-year increase of 13.8%; Xiaomi's assisted driving team welcomes another key figure as Chen Guang, the former CTO of FAW Nanjing, joins; Musk: Plans to send an unmanned spacecraft to Mars by the end of 2026.
Large companies:
CHAGEE: Net profit reached 677 million yuan in Q1, a year-on-year increase of 13.8%
36Kr learned that CHAGEE released its first financial report after going public. The report shows that as of March 31, 2025, in the first quarter of this year, the number of its global stores reached 6,681, and the total quarterly GMV reached 8.23 billion yuan, a year-on-year increase of 38%. In this quarter, the total net revenue reached 3.39 billion yuan, a year-on-year increase of 35.4%; the net profit reached 677 million yuan, a year-on-year increase of 13.8%; the number of registered members on its mini-program exceeded 190 million, and the number of quarterly active users reached 44.9 million.
Zhonghong Medical: Plans to Invest 557 Million Yuan in the Construction of the First - Phase Project of 10 Nitrile Glove Production Lines at the SEA2 Production Base
36Kr learned that Zhonghong Medical issued an announcement stating that the company plans to invest in the construction of the first - phase project of 10 nitrile glove production lines at the SEA2 production base. The total investment of the project is 557 million yuan (or equivalent foreign currency), and the construction period is 18 months.
RoboSense: Gross profit in the first quarter was 77.01 million yuan, a year-on-year increase of 73.1%
36Kr learned that RoboSense released its financial report for the first quarter of 2025. According to the announcement, the total revenue in the first quarter was approximately 330 million yuan, the gross profit was 77.01 million yuan, a year-on-year increase of 73.1%. The overall gross profit margin increased to 23.5%, a year-on-year increase of 11.2 percentage points. The net loss narrowed to 98 million yuan, a year-on-year improvement of 24.4%. The sales volume of lidar products in the robotics business was approximately 11,900 units, a year-on-year increase of 183.3%; at the same time, the revenue reached 73.403 million yuan, a year-on-year increase of 87.0%.
LEMON KING: 15 Stores Signed Overseas
36Kr learned that recently, LEMON KING announced its internationalization strategy. Relying on Hong Kong as an anchor point for its internationalization, LEMON KING has signed contracts for 15 stores overseas, covering countries such as Malaysia, Singapore, Australia, and Cambodia. Currently, one store has opened in each of Malaysia and Cambodia. Meanwhile, three stores in Pavilion, a top - tier mall in Kuala Lumpur, Malaysia, and Kuala Lumpur International Airport are also under preparation and are expected to open officially in July.
Why Does JD Issue Stablecoins? Response: Aims to Enhance Cross-Border Payment Capabilities and Serve the Real Economy
Recently, the Hong Kong Legislative Council passed the "Stablecoin Bill." Based on this ordinance, Hong Kong will officially establish a licensing system for fiat stablecoin issuers. JD CoinChain Technology was selected as one of the first batch of participants in the "Stablecoin Sandbox" announced by the Hong Kong Monetary Authority in July 2024. Why does JD launch this business and what considerations are there? In response, Liu Peng, the CEO of JD CoinChain Technology, said, "Under the guidance of JD Group's overseas business development strategy, our team conducted a relatively detailed research and analysis on the Web3 field. We found that issuing payment - type stablecoins through blockchain technology can not only solve the problems encountered in our own cross - border settlements but also effectively serve other enterprises and the real economy. It can generate huge economic and social effects for both the company and society. At the same time, the Hong Kong government is also vigorously supporting the Web3 industry. After comprehensive judgment, we initiated the license application work in Hong Kong at the first time. After about a year of efforts, we are very honored to have obtained regulatory approval and become a participant in the Hong Kong stablecoin issuer sandbox." (Sina Technology)
Xiaomi's ADAS Team Welcomes Another Key Figure: Chen Guang, Former CTO of FAW Nanjing, Joins
36Kr has learned from multiple sources that Chen Guang, the former CTO of FAW Nanjing Research Institute, has joined Xiaomi Auto and will serve as the head of ADAS perception, reporting to Ye Hangjun, the person in charge of Xiaomi's ADAS. Cai Rui, the previous head of ADAS perception at Xiaomi, has transferred to the robot - related department. Before joining Xiaomi Auto, Chen Guang was the CTO of FAW Nanjing Research Institute, responsible for the overall technical R & D and architecture design of the autonomous driving business. He led the team to develop the third - generation L4 fully driverless Robotaxi (autonomous driving taxi) of FAW Hongqi.
Nike and the LEGO Group Announce Global Collaboration to Launch This Summer
36Kr learned that Nike and the LEGO Group officially announced today that their multi-year global collaboration will be fully launched this summer, including a series of upcoming immersive interactive experiences and co-branded products.
Elon Musk: Plans to Send an Unmanned Spaceship to Mars by the End of 2026
On May 29th local time, Elon Musk detailed the development schedule of the "Starship" in a video released by his company SpaceX in Los Angeles. He also stated that the unmanned "Starship" is expected to fly to Mars before the end of 2026. (CCTV News)
Investment and Financing:
Ningbo Boden Intelligent Technology Co., Ltd. Completes Hundred - million - yuan Series A Financing
36Kr learned that recently, Ningbo Boden Intelligent Technology Co., Ltd. completed a hundred - million - yuan Series A financing exclusively invested by Guohe Investment. The funds will be mainly invested in four major directions: First, upgrade the BASE data annotation platform, Blink data asset management platform, and BBot intelligent agent development platform to build a closed - loop data product. Second, accelerate the global layout, expand the markets in China, the Middle East, Europe, and North America, and provide high - quality and efficient AI data solutions. Third, expand the top - notch engineer and algorithm teams to strengthen the technological advantages in the fields of multi - modal large models and generative AI. Fourth, deeply explore the fields of autonomous driving and embodied intelligence, provide full - cycle data support, and promote the intelligent upgrade of the industry.
New Products:
Lemmo Collaborates with NIO to Launch Innovative Folding Electric Bicycle
36Kr learned that Lemmo, a smart short-distance travel brand from Berlin, Germany, recently collaborated with NIO to jointly announce the launch of the Lemmo Zero dual-mode smart folding electric bicycle and created a special version exclusively for NIO. The body size of this electric bicycle is more than 20% smaller than that of traditional folding bicycles, and it is equipped with a dedicated storage structure that allows it to be pushed flat into the trunk of the new ET5T. In addition, the Lemmo Zero also supports deep interconnection with NIO's in-vehicle system, enabling automatic synchronization of trip and battery information.
Weibo for HarmonyOS Launches Live Streaming Function
On May 30th, Weibo for HarmonyOS launched the live streaming function for users and announced updates to five features, including the intelligent search channel, group chat optimization, improvement of the "My" page, and UI performance enhancement. It has become one of the first HarmonyOS applications to support live streaming. (Jiemian)
Volvo Launches New Generation of S90 Model
36Kr learned that on May 29th, Volvo launched a new generation of the S90 model. This model is available in two powertrains: fuel and plug - in hybrid, and is divided into a total of 7 versions. The official guide price ranges from 300,900 yuan to 454,900 yuan.
Lei Jun: Won't attend auto shows recently and will focus on pre - launch preparations for YU7
36Kr learned that Lei Jun posted on Weibo to build up the hype for the Chengdu leg of the Xiaomi·China Endurance Championship starting tomorrow. He revealed that the Xiaomi SU7 Ultra will serve as the safety car and medical car for the event and will also bring an exciting drifting performance at the opening ceremony. In the comment section, some netizens asked if Lei Jun would come to the Chengdu championship site or the Shenzhen Auto Show. Lei Jun replied, "Both events are very interesting, but I really can't attend. The Xiaomi YU7 is about to be launched, so I'd better focus on overseeing the pre - launch preparations for the product!"
Alibaba Cloud Releases Tongyi Lingma AI IDE
36Kr learned that Alibaba Cloud has released its first AI-native development environment tool, Tongyi Lingma AI IDE. It is deeply adapted to the latest three Qianwen models and fully integrates the capabilities of the Tongyi Lingma plugin. It has features such as programming agents, in-line suggestion prediction, and in-line conversations. It can not only assist in writing code and fixing bugs but also has capabilities such as autonomous decision-making, MCP tool invocation, project awareness, and memory awareness, which can help developers complete complex programming tasks.
Today's Views:
Hong Kong: After the launch of the "Tech Company Special Line", a large number of inquiries have been received. The optimization of the listing system is being advanced, and relevant measures will be announced in due course.
Recently, leading A-share companies such as Contemporary Amperex Technology Co., Limited and Hengrui Medicine Co., Ltd. have listed in Hong Kong, and mainland enterprises have set off a wave of IPOs in Hong Kong. In this regard, it was exclusively learned from relevant Hong Kong authorities that after the Hong Kong Stock Exchange launched the "Tech Company Special Line" in May this year, the market responded enthusiastically, and the Hong Kong Stock Exchange received a large number of inquiries. At the same time, the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission are advancing the optimization of the listing system, including reviewing the specific requirements for primary listing, secondary and dual primary listing and the post - listing regulatory mechanism, and improving the overall approval rules for enterprises to list in Hong Kong. Relevant measures will be appropriately announced to the public and market consultations will be conducted in accordance with the principle of "launching one measure once it is mature". (Securities Times)
Other news worthy of attention:
Release of "China Driving Training Industry Development Report (2025)"
36Kr learned that recently, the 2025 (the 11th) National Driving Training Market Innovation and Development Conference was held in Beijing. The Driving Training Branch of the China Communications and Transportation Association and Mucang Technology (the parent company of "Jiaokao Baodian") jointly released the "China Driving Training Industry Development Report (2025)" at the conference. The "Report" points out that the development logic of the industry is undergoing a comprehensive shift from "scale expansion" to "value deep - cultivation". Centering around the theme of "market rejuvenation and transformation and upgrading", it is expected that the intensification process of the regional market will accelerate in the future. The "one - fee system" class type will become the mainstream of pre - charging in the driving training market. The importance of professional digital marketing for driving schools will become more prominent, and more driving schools will choose to integrate into the development wave of the low - altitude economy.
The online car-hailing regulatory information interaction system received a total of 727 million order information in April, a month-on-month decrease of 6.7%.
According to the monitoring of the online car-hailing regulatory information interaction system, as of April 30, 2025, a total of 382 online car-hailing platform companies across the country have obtained business licenses for online car-hailing platforms, an increase of 5 compared with the previous month. The online car-hailing regulatory information interaction system received a total of 727 million order information in April, a month-on-month decrease of 6.7%. (Securities Times)
State Administration of Foreign Exchange: In April, the total import and export volume of China's balance of payments in goods and services reached 4.3706 trillion yuan, a year-on-year increase of 6%
36Kr learned that the State Administration of Foreign Exchange released the data on China's balance of payments in goods and services trade for April 2025. In April 2025, the total import and export volume of China's balance of payments in goods and services reached 4.3706 trillion yuan, a year-on-year increase of 6%. Among them, the export of goods trade was 2.101 trillion yuan, the import was 1.6546 trillion yuan, with a surplus of 446.4 billion yuan; the export of service trade was 250.5 billion yuan, the import was 364.4 billion yuan, with a deficit of 113.8 billion yuan. The main items of service trade were as follows: the import and export volume of travel services was 171.8 billion yuan, the import and export volume of transportation services was 170.9 billion yuan, the import and export volume of other business services was 106.7 billion yuan, and the import and export volume of telecommunications, computer and information services was 73.3 billion yuan. In US dollar terms, in April 2025, China's exports of balance of payments in goods and services were 326.5 billion US dollars, imports were 280.3 billion US dollars, with a surplus of 46.2 billion US dollars.