At 8 a.m., here are the latest news: A Pop Mart store in Hangzhou closed on its opening day; Uniqlo denied that its mirrors have filters; The live - streaming reward income of Xiaoyangge's apprentice, "Huang of Traffic Lights", exceeded $100,000 in a single TikTok live - streaming session.
Going Public in Progress
IFBH Limited
36Kr learned that according to documents from the Hong Kong Stock Exchange, IFBH Limited, the parent company of IF coconut water, has passed the listing hearing of the Hong Kong Stock Exchange. CITIC Securities is the sole sponsor.
Banu International Holdings Limited
According to documents from the Hong Kong Stock Exchange, on the evening of June 16, Banu International Holdings Limited submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China International Capital Corporation and China Merchants Bank International. It was disclosed that in 2022, 2023, and 2024, and for the three months ended March 31, 2024, and 2025, the company achieved revenues of RMB 1.4331 billion, RMB 2.1116 billion, RMB 2.3073 billion, RMB 0.5639 billion, and RMB 0.7087 billion respectively. During the same period, the adjusted net profits were RMB 41.5 million, RMB 143.7 million, RMB 195.9 million, RMB 57.5 million, and RMB 76.7 million respectively. As of the last practicable date, Banu had 145 self - operated restaurants in 39 cities across the country. (Jiemian News)
Top 3 Big News
A Pop Mart store in Hangzhou closed on the opening day, and the store said it was due to "internal rectification issues"
On June 15th, a Pop Mart store in Hangzhou announced its closure soon after opening. The store stated that "due to internal rectification issues, the opening is postponed, and further notice will be given regarding the subsequent opening." According to on - site customers, after queuing for 4 hours, a group of suspected scalpers rushed in to "clear the boxes" as soon as the store opened, which caused dissatisfaction among the crowd, and the store closed shortly afterwards. (China Blue News)
Uniqlo Denies Mirrors Have Filters: All Are Normal Mirrors with No Special Effects
On June 16th, the topic of "Uniqlo Mirrors" topped the Weibo hot search list. Many netizens suspected that the fitting mirrors in Uniqlo's offline stores had "filters." They said that they looked good when trying on clothes in the store, but there was a big difference after they got home. Some netizens said that this might be related to environmental factors such as the lighting in the store. Other netizens also said that it's not just Uniqlo; the mirrors in clothing stores in shopping malls do make people look better in photos.
In response to the netizens' doubts, at noon on the 16th, a customer service staff member from Uniqlo's offline stores told reporters that the mirrors in their offline stores are all normal mirrors without any special effects. They will also record and report the problems reflected by netizens to the company's specialists. (Jimu News)
Xiaoyangge's apprentice "Huang of Traffic Lights" gained 200,000 followers on TikTok in a single month, and the reward income from a single live - stream exceeded $100,000
On April 24th, "Huang of Traffic Lights", the eldest apprentice of Xiaoyangge, officially released a video on her TikTok account announcing her entry into the platform. "Huang of Traffic Lights" is known as "Yellow 0607" on TikTok. Since the official announcement of her entry into TikTok and the start of live - streaming, in just twenty days, the "Yellow 0607" account has gained more than 200,000 followers. As of the time of publication, the number of followers of this account has reached 280,000.
"Huang of Traffic Lights" was banned on the Douyin platform in November 2023, and was banned again after multiple attempts to resume live - streaming. Once "Yellow 0607" started live - streaming, it immediately became one of the top influencers on the platform. It not only topped the daily list for three consecutive days, but also the daily data of her live - stream room was consistently above 3,000 - 4,000. It is reported that the reward income from a single live - stream exceeded $100,000 (approximately 710,000 RMB). In the Southeast Asian (Vietnam) region, the "Yellow 0607" live - stream room once soared to the top of the daily list. (Dumiao Finance)
Large Companies/ Major Events
An Air India Boeing 787 Airliner Returns to Its Departure Point Suspectedly Due to Technical Issues
According to Indian media reports, at noon on June 16, Flight AI315 of Air India, which was flying from Hong Kong, China to New Delhi, India, returned to Hong Kong during the flight because "the pilot suspected a technical problem". The airliner has landed, and the passengers have been safely evacuated. (CCTV World News)
Another Problem with Boeing 787: A Japanese Airliner "Broken Down" After Landing
According to the Osaka Airport Office of the Ministry of Land, Infrastructure, Transport and Tourism of Japan, at around 13:05 local time on the 16th, an airliner (flight number NH774) of All Nippon Airways (ANA) flying from New Chitose Airport in Hokkaido to Itami Airport in Osaka was unable to move on the taxiway after landing, resulting in the temporary closure of some runways and taxiways at the airport. The airliner was finally towed to the parking stand by a tractor. It is understood that the airliner involved in this incident is of the same model, Boeing 787 - 8, as the one that crashed in India on the 12th. In response, ANA stated that this was an individual case and declined to comment. (CCTV News)
WeChat Officially Announces That Official Accounts Can Promote WeChat Mini Stores
On June 16th, WeChat officially announced that official accounts can promote WeChat mini stores. It is reported that users who own an official account and a WeChat mini store can link them with just one click in the backend. Then, they can display the WeChat mini store on the official account's homepage or add the mini store and products to the official account's articles, enabling the interaction between the mini store and the official account. Currently, up to 50 product links from any mini stores can be inserted into official account articles. (Jiemian News)
Trump Officially Enters the Mobile Phone Market
On June 16th, the group under Trump launched its own brand mobile phone network, Trump Mobile, and a smartphone, the T1 Phone. This phone is designed and manufactured in the United States and is priced at $499 (approximately 3,585 Chinese yuan at the current exchange rate). (Sina Technology)
US and UK Reach Trade Agreement Terms, Including Import Quotas for Cars and Tariffs on Steel and Aluminum
On June 16 local time, the White House issued a statement saying that US President Trump and UK Prime Minister Starmer jointly announced the general terms of a trade agreement. It is reported that in the general terms, the US plans to set an annual quota of 100,000 vehicles for British car imports, with a tariff rate of 10%. The UK has promised to strive to meet the US requirements for the supply - chain security of steel and aluminum products exported to the US and the nature of ownership of relevant production facilities. On the premise that the UK meets these requirements, the US plans to quickly set "most - favored - nation" tariff quotas for steel and aluminum products and certain derivative steel and aluminum products produced in the UK. In addition, both sides have promised to strengthen the supply chains of aerospace and aircraft manufacturing by establishing duty - free bilateral trade in certain aerospace products. The US has repealed the tariffs on the UK's aerospace industry imposed in three previous executive orders. (CCTV News)
The three major U.S. stock indexes closed higher collectively, and large technology stocks generally rose
36Kr learned that at the close on June 16, the three major U.S. stock indexes rose collectively. The Nasdaq rose 1.52%, the S&P 500 index rose 0.94%, and the Dow Jones Industrial Average rose 0.75%. Large technology stocks generally rose. AMD rose more than 8%, Meta rose more than 2%, and Netflix, Tesla, Amazon, Nvidia, and Google rose more than 1%. Apple rose 1%, and Microsoft rose nearly 1%. Popular Chinese concept stocks rose across the board. Futu Holdings rose more than 10%, Bilibili rose more than 5%, 36Kr rose more than 3%, Alibaba, Weibo, Pinduoduo, and JD.com rose more than 2%, and Baidu and NetEase rose more than 1%.
The youth unemployment rate has declined for three consecutive months, and the employment situation has continued to remain stable.
It is reported that on June 16th, Fu Linghui, a spokesperson for the National Bureau of Statistics, stated at a press conference held by the State Council Information Office that the national urban surveyed unemployment rate in May was 5.0%, a 0.1 percentage point decrease from the previous month. Among them, the unemployment rate of the main employment - age group remained stable, and the youth unemployment rate declined for three consecutive months. The employment situation has continued to remain stable. (China Youth Daily)
Trump Plans to Expand Travel Ban: Considering Banning Citizens of 36 More Countries from Entering the US
Reuters reported on the 15th local time that an internal cable from the US State Department showed that the Trump administration is considering further expanding the travel ban and may ban citizens of another 36 countries from entering the United States. Earlier this month, the Trump administration had already banned citizens of 12 countries from entering the US, claiming that this move was to protect the US from "foreign terrorists" and other national security threats.
In January 2017, after Trump was first elected President of the United States, he also issued a restriction order banning citizens of seven countries, including Libya, Syria, Iran, Yemen, Iraq, Sudan, and Somalia, from entering the US. This caused serious chaos at that time and triggered a series of lawsuits. (Global Times)
Wang Changtian of Enlight Media said: For every 100 yuan of "Ne Zha 2" box office, the film studio only gets 33 yuan
On June 15th, at the opening forum of the 27th Shanghai International Film Festival held in Shanghai, Wang Changtian, the chairman of Enlight Media, said when talking about the profit - distribution pattern of the film industry that the current box - office split method is very unreasonable. The current domestic box office of "Ne Zha 2" is 1.5439 billion yuan. According to the data provided by Wang Changtian, the film studio can get nearly 5.1 billion yuan. Wang Changtian said, "For every 100 yuan, we only get 33 yuan. How can we maintain the basic investment in the industry?" (Lightning News)
Xiaoyibang Responds to the Requirement of Banning Redmi Phones in University Interviews
Recently, netizens reported that the interview for the comprehensive evaluation enrollment of Shandong University of Science and Technology in 2025 stipulates that Redmi series phones cannot be used for the exam. In response, Wang Hua of Xiaomi issued a post overnight on the 15th, saying that "the perception needs to be refreshed." On the morning of the 16th, the school responded that this was not the school's regulation and would urge the third - party platform to improve its services. The third - party platform "Xiaoyibang" then responded that there was a probability of sound loss in Redmi phones before, and it had contacted Xiaomi for retesting. (Jimu News)
Jaguar Land Rover Lowers Profit Margin Forecast for Fiscal Year 2026 Due to Uncertainty of US Tariffs
British luxury carmaker Jaguar Land Rover on Monday lowered its forecast for the earnings-before-interest-and-taxes (EBIT) profit margin for fiscal year 2026 to 5%-7% from the previous 10%, citing the looming US tariffs and uncertainties in the global automotive industry. After the news was announced, the shares of Tata Motors, Jaguar Land Rover's Indian parent company, fell as much as 4.7% in early trading. (Sina Finance)
Boeing Deep in Financial Troubles, Suffering $36 Billion Loss in Six Years
On June 15th, Boeing released its "Commercial Aircraft Demand Forecast for the Next 20 Years", predicting that by 2044, the demand for new aircraft deliveries will reach 43,600. Last year, Boeing had expected 44,000 new aircraft to be delivered by 2043. Meanwhile, the forecast report has revised down the passenger traffic growth forecast for the next 20 years from 4.7% to 4.2%, the global economic growth forecast from 2.6% to 2.3%, and the air cargo volume growth forecast from 4.1% to 3.7%.
Industry insiders pointed out that the safety and quality crisis and the long - term strike of tens of thousands of employees have severely impacted Boeing's performance. From 2019 to 2024, over these six years, Boeing has suffered a total loss of up to $35.991 billion, setting the largest six - year loss record since its establishment 108 years ago. (Beijing Business Today)
Trump's Financial Disclosure Shows: Early Cryptocurrency Investments Yielded $57 Million in Profits
A new financial disclosure form shows that US President Trump earned approximately $57 million last year from his shares in a cryptocurrency company backed by his family, indicating early returns from an emerging digital asset empire. Trump's annual financial disclosure form, released by the Office of Government Ethics, reveals his extensive and diverse sources of income and shareholdings, covering everything from golf resorts and merchandise licensing deals to stock investments in companies such as Apple and Berkshire Hathaway. According to an analysis by the media, the total value of Trump's shareholdings is approximately $1.7 billion. (Sina Finance)
Intel Initiates a New Round of Layoffs
On June 15th local time, foreign media reported that Intel has sent notices to its employees, stating that it will start laying off employees at the wafer fabs in the Silicon Forest campus in Oregon from mid - July this year. The first round of layoffs is expected to be completed by the end of July, and a second wave of layoffs may be initiated. According to an internal letter from Intel, the company is restructuring its Intel Foundry manufacturing division and focusing more on engineering and technical positions. Although the company did not disclose the specific number of layoffs, it said in internal communications that this is a necessary move to improve the company's financial situation. (Sina Tech)
Haagen-Dazs' China business may be sold
It is reported that recently, there were reports indicating that General Mills may initiate the process of selling the China business of its high-end ice cream brand Haagen-Dazs in 2025, with an initial valuation of hundreds of millions of dollars. Currently, the negotiations are in the early stage, and General Mills China has not responded (Economic Observer).
Leonard Lauder, Honorary Chairman of Estée Lauder, Passes Away
On June 15 local time, Estée Lauder Companies announced that Leonard Lauder, the honorary chairman, passed away on June 14 at the age of 92. Leonard was born in New York City in 1933 and was the eldest son of Estée Lauder, the founder of Estée Lauder Companies. He officially joined Estée Lauder Companies in 1958, served as the company's president from 1972 to 1995, and served as the chief executive officer from 1982 to 1999. He assumed the position of chairman in 1995 until his retirement in June 2009. (Jiemian News)
The market value of Bitcoin buyer Metaplanet has now exceeded that of chip manufacturer Kioxia
The market value of Metaplanet, a Japanese company that has transformed from the hotel industry to a Bitcoin buyer, has surpassed that of storage chip manufacturer Kioxia Holdings Corporation. Riding on the global cryptocurrency rally, the company's stock price soared nearly 400% in less than two months. Metaplanet's market value exceeded 1 trillion yen ($6.9 billion) for the first time on Monday, and its upward trend also pushed its market value above that of chip manufacturer Screen Holdings and Tokyo Metro Co., Ltd. (one of the world's largest subway system operators). (Sina Finance)
Refined oil prices may see the largest increase this year. Filling up a tank of gas will cost at least 11 yuan more starting on the evening of the 17th
It is reported that on June 17th, refined oil prices will see the fifth increase this year. Due to the recent Israel-Iran conflict boosting international oil prices, Longzhong Information, an energy consulting firm, predicts that the domestic retail prices of gasoline and diesel will be raised by about 300 yuan per ton at 24:00 on June 17th. Calculated based on an ordinary private car with a 70-liter fuel tank, after the new round of price adjustment, car owners will have to spend about 16 yuan more to fill up a tank of gas. For private cars with a 50-liter fuel tank, filling up a tank of gas will cost at least 11 yuan more. (Yicai Global)
Ministry of Finance: Starting from July 1st, Dalian and Hubei Province will implement the tax refund policy for overseas tourists' shopping upon departure
36Kr learned that the Ministry of Finance announced that in accordance with relevant regulations such as the "Announcement of the Ministry of Finance on Implementing the Tax Refund Policy for Overseas Tourists' Shopping upon Departure" (Announcement No. 3 of the Ministry of Finance in 2015), the "Announcement of the General Administration of Customs on the Customs Supervision Regulations for the Tax Refund Business of Overseas Tourists' Shopping upon Departure" (Announcement No. 25 of the General Administration of Customs in 2015), and the "Announcement of the State Taxation Administration on Amending the
The Forefront of AI
Tencent Launches First Generative Recommendation Algorithm Competition to Recruit AI Talents
36Kr learned that on June 16th, Tencent launched an algorithm competition, offering a multi - million - dollar prize pool and campus recruitment offers to attract global talents. This is the first time for Tencent to help outstanding campus recruits get job opportunities through a rewarded competition after launching its largest - ever recruitment plan. This algorithm competition is hosted by Tencent Advertising, with the topic of "Full - modality Generative Recommendation", which reflects the cutting - edge AI technology in the industry. It is also the first generative recommendation algorithm competition in China. Scholars from multiple globally renowned universities, technology experts, and Tencent's technical experts will serve as judges.
Nvidia's Advocacy for "Sovereign AI" Resonates with EU Leaders
Jensen Huang, the CEO of Nvidia (NVDA), has been promoting the concept of "sovereign AI" since 2023, and now Europe is starting to listen and take action. The core of this concept is that since the languages, knowledge, history, and cultures of each region are different, each country needs to independently develop and own its own artificial intelligence. "We will invest billions of dollars here... but Europe needs to move quickly towards AI," Jensen Huang said in Paris on Wednesday. (Sina Finance)
Cool Products
Lei Jun: Xiaomi YU7 to be launched at the end of June
36Kr learned that Lei Jun posted on Weibo that Xiaomi YU7 will be launched at the end of June, and many other high - profile new products will also be launched simultaneously. For example, the second tablet equipped with the Xuanjie O1 chip: Xiaomi Pad 7S Pro.
New Brain-Computer Interface System Becomes "Digital Vocal Cord" for Aphasics
A research team from the University of California, Davis, has developed a research-oriented brain-computer interface that is expected to help people who have lost their ability to speak due to neurological diseases to "speak" again. This achievement was published in the latest issue of the journal Nature, demonstrating how the technology can immediately convert brain activity into speech when a person tries to speak, thus creating a "digital vocal cord." This technology has been successfully tested on a participant with amyotrophic lateral sclerosis (commonly known as "Lou Gehrig's disease"). Through an implanted brain-computer interface, he was able to have real-time conversations with his family with the help of a computer. He could not only control the intonation but also sing simple melodies. (Science and Technology Daily)
AI Landscape
At Runway's Third AI Film Festival, Can Everyone Become a Film Artist?
Live Broadcast Preview: Smart Consumption Guide for 618
Special live broadcast jointly presented by Energy Store, Tide by Chaosheng, and Houlang Research Institute:
Behind-the-scenes revelation of the "Million's Choice Best 100" treasure list!
What's on the "Goods Map" co-created by tens of thousands of readers?
Let's have a casual chat about more than 30 carefully selected good products. Here's the "Smart Consumption Guide" before 618 - you're welcome!
Live broadcast time: June 17th, 19:00
Live broadcast platforms: WeChat Video Account "36Kr", Xiaohongshu "Houlang Research Institute"
Live Broadcast Preview
Compiled | Dai Minghui