8 o'clock, 1 Krypton News | Lei Jun responds again to the doubts: Latecomers always have a chance; Zhang Xuefeng says he has offended too many people and may bid farewell to live streaming; WeChat adds a new folding function to Moments.
Going Public in Progress
Beijing Yiswei Computing Technology Co., Ltd.
On May 30th, Beijing Yiswei Computing Technology Co., Ltd., a leading enterprise in RISC-V (open-source instruction set architecture) chips, submitted its prospectus to the Hong Kong Stock Exchange. CITIC Securities and CITIC Construction International are the sponsors. This is another IPO attempt led by Wang Dongsheng, the founder of BOE, following the application of Xi'an Yiswei Materials Technology Co., Ltd. for listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange. (Shanghai Securities News)
Top 3 Big News
Lei Jun Responds Again to Doubts: Latecomers Always Have a Chance
On June 1st, Lei Jun posted on Weibo that in May 2025, the delivery volume of Xiaomi SU7 exceeded 28,000 units. We are fully preparing for the large-scale mass production of Xiaomi YU7, which is expected to start in July. In addition, Lei Jun also said that he just learned a famous quote from Mo Yan: Slander is actually a form of admiration. Subsequently, Lei Jun edited this Weibo post, deleting this sentence and only leaving the relevant pictures and information about Xiaomi cars.
Previously, Yu Chengdong of Huawei said at the 2025 Future Auto Pioneers Conference that a cross - industry company became extremely popular with just one car. Although its product, quality, and intelligent driving capabilities may not be outstanding, it quickly exploded in the market with its strong brand, traffic, and marketing capabilities in the new media era. In contrast, Huawei's own products are superior in all aspects, but the sales volume is far less than that of the other company, highlighting the current situation in the industry.
On June 2nd, Lei Jun posted again: We always believe that latecomers always have a chance! He also attached a picture with the text: Latecomers are definitely not perfect at the beginning and will always be laughed at and doubted, but latecomers always have a chance, seemingly responding to the doubts. (Sina Technology, Dumiao Finance, Jimu News)
Zhang Xuefeng Says He's Offended Too Many People and May Bid Farewell to Live Streaming
On the evening of May 31st, some netizens posted a video saying that Zhang Xuefeng's live streaming for the 2025 college application season had ended. During the live stream, Zhang Xuefeng said, "It's not easy to do what I do. I've offended too many people. There are some things I can't be too straightforward about. Since our normal resumption of live streaming is in August, I hope to meet you all on August 1st. If that's not possible, September 1st will do. But it's also possible that this is the last time you'll see me online. I can't even guarantee that you'll definitely see me next year. I can't even say for sure that you'll see me in August or September."
Meanwhile, as the live stream was about to end, Zhang Xuefeng, with tears in his eyes, bowed deeply to the parents and students in front of the screen and said, "I really want to say that in everything, including whatever happens to me later, I hope you all always remember that Zhang Xuefeng has lived up to you all and lived up to this society... I really did my best this year." (Orient Finance)
WeChat Moments Adds Collapse Function: Multiple Moments Posts by Friends May Be Collapsed
Recently, some netizens have discovered that a "collapse" function has appeared in WeChat Moments. Multiple Moments posts by friends may be collapsed, and "x more posts" will be displayed below the Moments information. Clicking on it will show other Moments posts by the friend.
Regarding the collapse function of Moments, Tencent Customer Service stated that if a user frequently posts advertising and marketing content in Moments, in order to optimize the user experience, such information will be collapsed. Users can click on the post to view the full information. Moments is a space for users to share and follow the little moments of their friends' lives. Users are encouraged to share more fresh things and insights about life in Moments. To optimize the user experience, the display form of disturbing information such as bulk or multiple marketing messages is restricted. According to the "WeChat Personal Account Usage Rules", such content may be collapsed or made visible only to the publisher. (Red Star News)
Big Companies/Big Events
Mobile phone number ending with 0000000 sold for 612,000 yuan
On June 1st, the right to use the mobile phone number "13**0000000" was put up for auction with a starting price of 250,000 yuan, attracting 13 bidders. After fierce bidding, by the end of the auction on the morning of June 2nd, the mobile phone number was finally sold at a high price of 612,000 yuan.
The auction notice shows that as of April 23, 2025, there is no arrears for the mobile phone number "13**0000000", and the balance is about 9.14 yuan. The mobile phone number is on an 8-yuan 4G national data plan. It is not bound to a broadband service, has no minimum fee requirement, and there is no requirement for prepaid phone charges when transferring ownership. After the transfer of ownership, if you need to switch carriers while keeping the same number, there is no requirement for the length of time on the network, and you can switch carriers immediately after the transfer of ownership is completed. Currently, the right to use this number has been frozen by the People's Court of Binhai New Area, Tianjin. (Modern Express)
The box office of the Dragon Boat Festival season in 2025 has exceeded 400 million yuan
According to data from Maoyan Professional Edition, as of 12:47 on June 2nd, the box office of the Dragon Boat Festival season in 2025 has exceeded 400 million yuan. "Mission: Impossible - Dead Reckoning Part One" continues to lead the box office chart of the 2025 Dragon Boat Festival season.
It is estimated that the cumulative cross - regional passenger flow across the society will reach 657 million person - times during the Dragon Boat Festival holiday
From May 31 to June 2, 2025 (during the Dragon Boat Festival holiday), it is estimated that the cumulative cross - regional passenger flow across the society will reach 657 million person - times, with an average daily volume of 219 million person - times, a year - on - year increase of 3.0%. Among them: the cumulative railway passenger volume will reach 47.108 million person - times, with an average daily volume of 15.7027 million person - times, a year - on - year increase of 2.3%. The cumulative road passenger flow (including the non - commercial passenger trips of small cars on expressways and ordinary national and provincial highways and the commercial road passenger volume) will reach 600 million person - times, with an average daily volume of 200 million person - times, a year - on - year increase of 3.14%. The cumulative waterway passenger volume will reach 2.881 million person - times, with an average daily volume of 960,000 person - times, a year - on - year decrease of 1.65%. The cumulative civil aviation passenger volume will reach 5.601 million person - times, with an average daily volume of 1.867 million person - times, a year - on - year increase of 1.22%. (Caixin Press)
JD Takeaway: Plans to Expand Full-time Riders to 150,000 in the Near Future
36Kr learned that the number of full-time riders of JD Takeaway has exceeded 100,000, reaching the target nearly two months ahead of schedule. JD Takeaway said that it will step up recruitment efforts and expand the number of full-time riders to 150,000 in the near future. It is reported that the daily order volume of JD Takeaway has exceeded 25 million, and more than 1.5 million high-quality catering stores have settled in.
A store manager of Dicos cashed out 137,000 yuan using consumer vouchers and was sentenced to three years in prison.
On May 29th, the People's Court of Songjiang District, Shanghai publicly heard the first case of fraud involving government consumer voucher subsidies in Shanghai.
It is reported that in 2024, Shanghai issued "Enjoy Shanghai" catering consumer vouchers. Through the method of "online registration and fair lottery", the public could participate via platforms such as Alipay and WeChat. The consumer vouchers had various subsidy amounts, such as a discount of 300 yuan for every 1,000 yuan spent. When consumers made full - amount payments, the subsidies would be issued to merchants. Relevant departments emphasized that participants were not allowed to engage in fraudulent activities such as brush orders and cashing out during the issuance and verification of the vouchers. However, some people still attempted to take advantage of the system to obtain subsidies.
Xia Moumou, the legal representative of a catering company in Shanghai, after learning that the store could verify the consumer vouchers, found that some people were selling the "Enjoy Shanghai" consumer vouchers with a discount of 300 yuan for every 1,000 yuan spent online. She then bought these vouchers and fabricated consumption records for verification. Later, on the pretext of group - building consumption by customers, she purchased a large number of these vouchers to fabricate transactions. From November 9th to 28th, 2024, Xia Moumou verified more than 400 vouchers and defrauded over 130,000 yuan in subsidies. Finally, the Songjiang District People's Court found her guilty of fraud. Considering that she voluntarily pleaded guilty and accepted punishment, and had circumstances such as confessing the crime and returning all the stolen money, she was sentenced to three years in prison, suspended for three years, and fined. (Shangguan News)
Shanghai Police Releases a Statement on the Brawl at Disneyland
On June 1st, according to the police-public communication platform of Pudong, at around 6 p.m. on May 31st, the Pudong Public Security Bureau received a report of a fight inside Shanghai Disneyland. After preliminary investigation, when Yan (male, 22 years old) was taking pictures with his girlfriend, the daughter of Liu (male, 36 years old) and his wife walked into the frame. A verbal argument between the two parties then escalated into a physical conflict, resulting in minor skin injuries to both Yan and Liu. The little girl was unharmed. Currently, the investigation and handling work is still in progress. (Cover News)
May Sales Figures of Major New Energy Vehicle Manufacturers in China Released
On June 1st, major new energy vehicle brands all revealed their monthly sales reports.
BYD: In May, the sales volume of new energy vehicles reached 382,476 units, a year-on-year increase of 15.26%. Zeekr Technology: In May, the sales volume was 46,538 units, a year-on-year increase of 15.2% and a month-on-month increase of 12.6%. It has sold over 40,000 units for three consecutive months. Leapmotor: In May, 45,067 vehicles were delivered, with a growth rate of over 148%. Li Auto: In May, 40,856 vehicles were delivered, a year-on-year increase of 16.7%. XPeng Motors: In May, 33,525 vehicles were delivered, a year-on-year increase of 230%. It has delivered over 30,000 vehicles for seven consecutive months. Xiaomi Auto: In May, over 28,000 vehicles were delivered. NIO: In May, 23,231 vehicles were delivered, a year-on-year increase of 13.1%. Avatr: In May, the sales volume was 12,767 units, a year-on-year increase of 179%, reaching a new historical high and achieving sales of over 10,000 units for three consecutive months. (Sina Finance)
Deep Blue Auto Refutes Rumors of Pushing Ads While Driving: Ads Only Pop Up When the Vehicle Is in Park and Can Be Turned Off Manually
On June 2nd, the legal department of Deepal Automobile issued a statement stating that online content such as "Deepal cars push ads while driving, which affects safety" and "ads cannot be closed independently and need to be watched for more than five seconds" are false information. It emphasized that the reminder of the splash screen rights and interests of the in - car system only pops up when the car is in the P gear, with the lowest priority. Users can close it independently or actively exit when operating the vehicle, and there is no safety risk.
Previously, some car owners complained that Deepal Automobile forced the in - car system to display a startup ad for about three seconds without prior notice, showing that exclusive car purchase vouchers were being issued to the first - time owners, which caused dissatisfaction. Car owners believed that the ads were displayed without consent, could not be closed, and popped up automatically when starting the vehicle, affecting the user experience and driving safety.
On May 27th, Deepal Automobile apologized for this matter, saying that the original intention was to remind the first - time owners who had already purchased cars to claim the exclusive car purchase vouchers for the Deepal S09. (Sina Technology, Red Star News)
Platform customer service responds to the case of buying a fake iPhone: The involved store has been shut down for rectification
On June 2nd, Mr. Yang from Lanxi, Jinhua, spent 2,000 yuan to buy a 512G Apple iPhone 15 Pro Max in a live - streaming room. Judging from the appearance, desktop, and app icons, the phone seemed to be an Apple device. However, when a reporter opened the App Store, what was shown was the words "Mobile Assistant". In response, Apple customer service stated that to identify the authenticity of a device, one should mainly check whether the serial numbers on the "About This iPhone" section of the phone, below the barcode on the packaging box, and on the warranty card are consistent. At the same time, it is necessary to check whether the device's warranty period is one year.
In addition, regarding Mr. Yang's refund issue, the platform customer service responded that the involved store has been shut down for rectification, and the relevant issues of the live - streaming room are under review. The 1,960 yuan that Mr. Yang paid for the phone was a cash - on - delivery payment. Currently, the police report receipt he provided has not been seen. If the police get in touch, the platform will assist in the investigation. (1818 Gold Eye)
Forcibly cracking the Switch 2 will cause it to become a brick.
The upcoming Switch 2 from Nintendo seems to be a tough nut to crack for hackers. On the switch 2hacks section of Reddit, there are posts stating that hackers who have gotten their hands on the Switch 2 have found that the device's protection measures are much stronger than before, and attempting to unlock it will immediately turn it into a brick.
Since the Switch 2 has not been officially released yet and it is difficult to obtain early versions, these claims should still be treated with caution. However, considering Nintendo's consistent tough stance towards hackers, these claims don't seem to be unfounded. (IT Home)
The three major U.S. stock indexes closed higher collectively, and most large technology stocks rose
36Kr learned that at the close on June 2nd, the three major U.S. stock indexes rose collectively. The Nasdaq rose 0.67%, the Dow Jones Industrial Average rose 0.08%, and the S&P 500 Index rose 0.41%. Most large technology stocks rose. Meta rose more than 3%, NVIDIA rose more than 1%, and Netflix, Amazon, Apple, and Microsoft edged higher; Google and Tesla fell more than 1%. Most popular Chinese concept stocks rose. Tiger Brokers and Tencent Music rose more than 3%, and Futu Holdings, Dingdong Maicai, Weibo, Baidu, JD.com, iQiyi, and NetEase rose more than 1%; Pony.ai fell more than 9%, New Oriental fell more than 3%, and Li Auto fell more than 1%.
2025 Fortune 500 List Unveiled: Walmart Tops the List for the 13th Consecutive Year
The 2025 Fortune 500 list of the United States was released on June 2nd. Overall, the threshold for making the list this year has risen from $7.1 billion last year to $7.4 billion. The total revenue of all 500 companies on the list has increased from $18.8 trillion last year to $19.91 trillion, a year - on - year growth of about 6%. The total revenue of the listed companies is equivalent to two - thirds of the U.S. GDP in that year. On this year's list, Walmart ranked first for the 13th consecutive year based on its operating income. Amazon ranked second for the sixth consecutive year. UnitedHealth Group surpassed Apple and ranked third.
In terms of profitability, the technology and financial industries remain the most profitable. Alphabet reported a profit of $100.118 billion last year, a significant increase of about 35.7% from the previous year, surpassing Apple to top the profit list. Apple's profit last year was $93.736 billion, a decrease of about 3.4% from the previous year, dropping to the second place on the profit list. Berkshire Hathaway's profit last year decreased by about 7.5% from the previous year to $88.995 billion, ranking third on the profit list. Among the top ten most profitable companies, six are technology companies. Among them, NVIDIA's profit last year reached a record $72.88 billion, a 144.9% increase from the previous year, rising to the fifth place on the profit list. (Sina Finance)
Following the announcement of laying off 6,000 employees last month, Microsoft cuts more than 300 jobs again
According to a notice seen by the media, more than 300 Microsoft employees were informed on Monday that their jobs had been cut. A Microsoft spokesperson said that this round of layoffs comes after the previously announced plan to cut 6,000 jobs last month. The spokesperson stated, "We will continue to make necessary organizational structure adjustments to create the best conditions for the company's success in a dynamic market." (Caixin)
Starting from June 1st, China's unilateral visa - free "circle of friends" expands to include 5 more countries
Starting from June 1st, China will implement a trial visa - free policy for ordinary passport holders from Brazil, Argentina, Chile, Peru, and Uruguay. China's unilateral visa - free "circle of friends" has new members. From June 1st, 2025, to May 31st, 2026, ordinary passport holders from the above 5 countries who come to China for business, tourism, visiting relatives and friends, exchanges, or transit for no more than 30 days can enter China without a visa. This is the first time that China's visa - free policy has been extended to countries in Latin America and the Caribbean. So far, the number of countries whose citizens can enter China under the unilateral visa - free policy has increased to 43. (Xinhua News Agency)
Trump Urges Harvard Again to Hand Over List of International Students
US President Donald Trump, during an interview with the media on May 30 local time, once again urged Harvard University to hand over the list of international students.
On May 26, Trump threatened to cut funding to Harvard University again, saying that if Harvard does not submit the list of foreign students, the federal government will consider cutting the school's $3 billion in funding and allocating these funds to vocational schools across the country. (Xinhua International)
To defend against the risks brought by the depreciation of the US dollar, many places in the United States have recognized gold and silver as legal tender
On May 27 local time, Florida Governor Ron DeSantis signed a bill officially recognizing gold and silver coins meeting specific purity standards as legal tender in the state. DeSantis said that this move aims to enhance the financial freedom of Florida residents and defend against the risks brought by the depreciation of the US dollar. A recent research report from Goldman Sachs Group also believes that if one wants to hedge against the risk of a US dollar collapse, gold is a better choice compared to Bitcoin. Utah was the first state in the United States to pass a similar bill. After that, states such as Texas, Tennessee, Arkansas, and Missouri have successively promulgated bills designating gold and silver coins as legal tender. (CCTV.com)
Tesla has no intention of setting up a factory in India in the short term
According to India's Economic Times, despite India's attractive electric vehicle policy aimed at luring global automakers into one of the world's major markets, Tesla still has no intention of setting up a factory there in the near future. Indian Minister of Heavy Industries Kumara Swami said today that Tesla will not produce cars in India in the short term. He also revealed that India will soon publicly solicit applications from enterprises for its electric vehicle manufacturing policy.
However, Tesla has finalized the locations of several showrooms in India and posted more than 20 job openings, indicating that its layout in the local market is accelerating. (IT Home)
Elon Musk's Latest Statement: Unwilling to Take Responsibility for Everything the US Government Does
On June 1st local time, American entrepreneur Elon Musk stated in an interview with CBS that he doesn't want to publicly oppose the US government, but he also doesn't want to take responsibility for everything the government does. During the interview, Musk said that the "Office of Government Efficiency" he leads has become the scapegoat for everything, and all lay - offs, whether real or false, are blamed on the "Office of Government Efficiency".
In addition, Musk said that he is frustrated with the multi - trillion - dollar tax cut and spending plan currently being discussed by the Republican Party in Congress. He believes that this bill will undermine the work that the Office of Government Efficiency team is currently doing. Musk said that although he has always been a staunch ally of Trump, he doesn't always support the policies of the Trump administration.
It is reported that Elon Musk, the head of the US Office of Government Efficiency, announced his decision to leave on the social media platform X on May 28th. US President Trump said on May 29th that May 30th would be Musk's last day in the Office of Government Efficiency. (CCTV News)
The Cutting - Edge of AI
Meta Plans to Fully Automate Ad Creativity with AI
According to The Wall Street Journal, sources revealed that Meta Platforms (META.O) aims to enable brands to fully utilize artificial intelligence to create ads by the end of next year. Meta's advertising platform already offers some AI tools that can generate variations of existing ads and make minor modifications to them, and then target the ads to users on Facebook and Instagram. Now, the company's goal is to help brands create ad concepts from scratch. Ads account for the majority of Meta's business, with ad revenue accounting for over 97% of total revenue in 2024. Using the tools Meta is developing, brands can present the images of the products they want to promote and their budget targets, and then the AI will create the entire ad, including images, videos, and text. People familiar with the matter said that the system will then decide which Instagram and Facebook users to target and offer budget suggestions. Meta also plans to allow advertisers to personalize ads using AI, enabling users to see different versions of the same ad in real - time based on factors such as geographical location. (Sina Finance)
AR+AI manufacturer INAIR topped the JD.com XR best-selling list during the 618 promotion
36Kr learned that INAIR's "world's first screenless spatial computer" ranked first on JD.com's real-time XR list as soon as it went on sale, and the related topics on platforms such as Xiaohongshu and Douyin have been viewed over ten million times. This new product achieves multi-screen collaboration and AI real-time assistance through its self-developed spatial operating system, reshaping the new experience of light office work and leisure entertainment.
Zhiyuan Robotics: Expedition A2 Becomes the World's First Humanoid Robot with Certifications from China, the United States, and Europe
36Kr learned that Zhiyuan Robotics announced that its Expedition A2 humanoid robot has passed four product certifications: China's CR, EU's CE - MD, EU's CE - RED, and the US FCC. It has become the world's first humanoid robot with certifications from China, the United States, and Europe, and is also the first domestic humanoid robot to obtain CR and CE - MD certifications. The Zhiyuan Expedition A2 robot is a general - purpose humanoid robot developed by Zhiyuan in August 2024 for interactive services.
Cool Products
Report: iPhone 17 Base Model to See Limited Upgrades, to Feature A18 Chip
The latest research report from Apple analyst Jeff Pu shows that Apple's most affordable iPhone 17 model this year will be equipped with the same A18 chip as the base model of the iPhone 16, which is still built on TSMC's second - generation 3 - nanometer process (N3E). It is reported that the ultra - thin iPhone 17 Air/Slim is expected to be powered by the A19 chip, while the iPhone 17 Pro series will feature the A19 Pro chip. Both of these chips are planned to be manufactured using TSMC's third - generation 3 - nanometer process (N3P).
Jeff Pu predicts that the iPhone 17 will continue to use the 8GB of RAM from the iPhone 16. It is reported that another Apple analyst, Ming - Chi Kuo, said last month that the iPhone 17 Air and the two Pro models will be upgraded to 12GB of RAM, and it is still under consideration whether the base model will have 8GB or 12GB of RAM. If Jeff Pu's information is accurate, it indicates that Apple has decided to stick with the 8GB solution, thus highlighting the cost - effectiveness of the other three models.
Based on the available information, the base model of the iPhone 17 will see limited upgrades compared to the iPhone 16, and their exterior designs will be largely the same. The rumored major upgrades include: increasing the display refresh rate from 60Hz to 120Hz and upgrading the front - facing camera from 12MP to 24MP. Additionally, display industry analyst Ross Young revealed that the screen size of the base model of the iPhone 17 will be slightly increased to 6.3 inches (the iPhone 16 has a 6.1 - inch screen). (IT Home)
Compiled by | Wacai