Krypton Evening News | Xiaomi YU7 exceeded 289,000 large - scale pre - orders within one hour after its release; Xingyunkafei's number of national stores exceeded 6,000; The Netherlands plans to invest 200 million euros in building an AI factory.
Large companies:
Ideal's Major Sales System: President Ma Donghui to Take Full Charge of R & D, Supply Chain, and Sales
36Kr has exclusively learned that on June 27th, Li Auto issued an internal announcement, announcing new personnel appointments. Ma Donghui, the president of Li Auto, will take full charge of R & D, supply and manufacturing, and sales operations from now on, reporting to CEO Li Xiang. The core of this adjustment lies in sales. The sales department will be incorporated into the R & D and supply group, and Ma Donghui will oversee production, supply, and sales to support the "strategy - to - operation" closed - loop. After this adjustment, Ma Donghui will be more deeply involved in the production, supply, and sales of the whole vehicle from an organizational structure perspective.
Li Auto Announces New Personnel Appointments and Establishes Intelligent Vehicle Group
Li Auto has announced a new organizational structure adjustment and personnel appointments: The former "R&D and Supply Group" and "Sales and Service Group" have been integrated into the newly established "Intelligent Vehicle Group", which is responsible for the strategic to operational closed-loop of Li Auto's intelligent vehicle business; President Ma Donghui will serve as the head of the Intelligent Vehicle Group and report to Chairman and CEO Li Xiang. Li Xiang will still be in charge of teams related to the automotive business, including product lines, product departments, brand, and strategy, and will devote more energy to the AI field. (Sina Tech)
Toyota's Global Sales Hit Record High in May, but Production Declined for the First Time in Five Months
Japan's Toyota Motor Corp said on Friday that despite facing tariff pressure from the Trump administration, the company's global sales in May increased for the fifth consecutive month and hit a record high for that month, mainly due to strong demand in markets such as the United States. Data showed that driven by strong demand in the North American and Japanese markets, Toyota's global sales in May climbed 6.9% year-on-year to 898,721 vehicles. Sales in the US market increased by nearly 11%. However, the automaker also pointed out that due to a decrease in the number of working days in Japan, global production in May decreased slightly by 0.7% year-on-year, marking the first decline in five months. The production and sales data cover Toyota's luxury brand Lexus. (Sina Finance)
Laopu Gold Opens Its Third Store in Shanghai
36Kr learned that Laopu Gold will officially open its store at the Shanghai IFC Mall on June 28th. This will be the third store opened by Laopu Gold in Shanghai after the one at Grand Gateway 66 in May this year. According to the plan, Laopu Gold will also open stores successively in high - end business districts such as Shanghai Xintiandi and Shanghai Plaza 66 within this year, intensively expanding its presence in Shanghai. As of April this year, Laopu Gold has completed contracts with all the top commercial centers in China. Meanwhile, the international expansion of Laopu Gold is also advancing steadily. On June 21st, the brand's first overseas store made its debut at Marina Bay Sands, a commercial landmark in Singapore.
Xiaomi Establishes Cloud Innovation Technology Company in Wuhan
36Kr learned that according to the Aiqicha App, recently, Xiaomi Cloud Innovation Technology (Wuhan) Co., Ltd. was established. The legal representative is Wang Fei, and the registered capital is 50 million yuan. Its business scope includes the manufacturing and sales of mechanical and electrical equipment, the maintenance of electronic and mechanical equipment, the sales of communication equipment, electronic products, household appliances, the retail of computer software, hardware and auxiliary equipment, and online sales. The equity penetration map shows that the company is wholly owned by Xiaomi Technology (Wuhan) Co., Ltd., which is a wholly - owned subsidiary of Xiaomi Communications Technology Co., Ltd.
Zijin Gold International Plans to Apply for Hong Kong IPO, Aiming to Raise About $1 - $2 Billion
IFR reported, citing people familiar with the matter, that Zijin Gold International plans to apply for a Hong Kong IPO in the coming weeks, aiming to raise about $1 - $2 billion. (Cailian Press)
Walmart to Close Sam's Club Distribution Center in Texas, Affecting Over 100 Employees
Walmart announced on Thursday local time that it will close the DFW4 distribution center in Fort Worth, Texas, which processes online orders for its Sam's Club. People familiar with the matter revealed that this move may lead to job cuts. Walmart confirmed the closure plan to the media but said that the exact number of affected employees can only be assessed after employees make relocation decisions. A company spokesperson said that there are fewer than 200 employees at the facility but refused to provide details. It is understood that the operations of the DFW4 center will be transferred to a high-tech distribution center in Lancaster, Texas, and three other facilities in the Dallas metropolitan area. (Sina Finance)
The number of Xingyunkafei stores nationwide has exceeded 6,000
36Kr learned that recently, the number of Xingyunkafei stores nationwide has exceeded 6,000, covering more than 300 cities in 30 provincial-level administrative regions across the country. Meanwhile, the number of Xingyunkafei stores in many regions across the country has recently reached a new high: the number of stores in the central China region has exceeded 2,500, the number of stores in Shaanxi Province has exceeded 350, and the number of stores in Xinjiang has exceeded 250.
Xiaomi Launches Over a Dozen New Products
36Kr learned that on the evening of June 26th, Xiaomi's full - ecosystem press conference for vehicles, smart homes, and other products was held in Beijing. In addition to announcing the official launch of its first SUV model, the Xiaomi YU7, Xiaomi launched over a dozen major new products in its full - ecosystem for vehicles and smart homes, including the Xiaomi MIX Flip 2, REDMI K80 Ultra Edition, Xiaomi Pad 7S Pro, REDEMI K Pad, Xiaomi AI Glasses, Xiaomi Watch S4 41mm, Xiaomi Band 10, as well as the Mi Smart Air Conditioner Pro with Healthy Airflow, the Mi Robot Vacuum - Mop M40 S, and the Xiaomi Open - Ear Headphones Pro.
Over 289,000 firm orders for Xiaomi YU7 were placed within one hour after its official release
36Kr learned that Xiaomi officially launched its first SUV, the Xiaomi YU7, on the evening of the 26th. Within one hour after its official release, the number of firm orders exceeded 289,000.
Investment and financing:
"Chuangzhi Lianheng" Announces Completion of a New Round of Financing
36Kr Sichuan learned that "Chuangzhi Lianheng" announced the completion of a new round of financing. After the A+ round led by SDIC Venture Capital, it has received further support from state-owned capital. The investor in this round, Beijing Innovation Industry Investment Co., Ltd. (BIIIC), is a municipal-level innovation platform in Beijing. It has long focused on the "high-end, precise, and cutting-edge" industrial fields and provides key support for the development of science and technology innovation-based small and medium-sized enterprises.
Beijing Guoxin Zhongyi Technology Development Center Completes Series A Financing
36Kr learned that recently, Beijing Guoxin Zhongyi Technology Development Center (Limited Partnership) announced the completion of Series A financing. This round of financing was exclusively invested by Beijing Leidi Wealth Asset Management Co., Ltd. Guoxin Zhongyi will rely on this round of financing to accelerate investment in technology R & D, deepen the industrial ecosystem layout, and further expand digital service scenarios in key industries.
New Products:
KeLing AI's entire series of models launches the "Video Sound Effects" function
36Kr learned that KeLing AI announced the launch of the "Video Sound Effects" function for its entire series of video models. It can synchronously generate stereo sound effects when generating videos, achieving an immersive "what you see is what you hear" experience. Meanwhile, a new "Video to Sound Effects" module has been added to the platform's original "Sound Effects Generation" function, allowing users to upload videos or call up historical works and match sound effects with just one click. This function is based on KeLing's self-developed multimodal video-to-sound effects model, Kling-Foley, which can achieve frame-level alignment of audio and video. Currently, the new function is available to users for free for a limited time.
Sencity Launches New AI Urban Furniture Products
36Kr learned that on June 25th, Sencity Corporation launched a series of urban interactive furniture products with AI intelligent perception, including the European versions of SenVerse and SenMagic. Relying on the self - developed SencityOS platform, these products deeply integrate spatial computing with artificial intelligence and have been put into operation in Lisbon, Portugal, ahead of others.
Today's Viewpoint:
MIIT: Accelerate the Improvement of Standard Systems in Areas such as Photovoltaic and New Energy Vehicles
36Kr learned that the Ministry of Industry and Information Technology (MIIT) has issued the "Implementation Plan for Deeply Promoting Green and Low - Carbon Standardization Work in Industry and Information Technology". The plan proposes to strengthen the standard guidance for the cultivation of green and low - carbon industries. Accelerate the formulation and revision of standards for multi - energy complementary utilization, such as industrial green micro - grids, clean and low - carbon hydrogen applications in the industrial field, efficient utilization of medium - and low - temperature waste heat and energy, and ultra - long - life and high - safety energy storage batteries, and increase the utilization of renewable energy and new energy in the industrial field. Actively promote the research on a batch of common key technology standards for the industrial chain, such as the use of various heterogeneous combustible solid wastes as alternative fuels, inert electrodes, new catalysis, green synthesis, carbon dioxide resource utilization and carbon sequestration. Accelerate the improvement of standard systems in areas such as photovoltaic, new energy vehicles, green intelligent computing, green ships, green aviation, green power equipment, green light industry, and environmental protection equipment to support the cultivation of new drivers for green development.
Other Noteworthy News:
State Administration of Foreign Exchange: China's current account surplus reached 1,187.4 billion yuan in Q1
36Kr learned that the State Administration of Foreign Exchange released China's balance of payments statement for the first quarter of 2025. In the first quarter of 2025, China's current account registered a surplus of 1,187.4 billion yuan, while the capital and financial account recorded a deficit of 1,009.4 billion yuan. In US dollar terms, in the first quarter of 2025, China's current account surplus was 165.4 billion US dollars. Among them, the goods trade surplus was 237.5 billion US dollars, the service trade deficit was 59.3 billion US dollars, the primary income deficit was 15.5 billion US dollars, and the secondary income surplus was 2.8 billion US dollars. The capital and financial account deficit was 140.7 billion US dollars, including a capital account deficit of 100 million US dollars and a financial account deficit of 140.6 billion US dollars. In SDR terms, in the first quarter of 2025, China's current account surplus was 126 billion SDRs, and the capital and financial account deficit was 106.8 billion SDRs.
The Netherlands Plans to Invest 200 Million Euros in Building an AI Factory
On June 27, a statement showed that the Dutch government and the province of Groningen are jointly investing 200 million euros to fund the construction of the Dutch AI factory. The statement said that if everything goes as planned, the AI factory will be put into operation in 2026. (Jiemian)