8:00, Yi Krypton News: Trump Considers Deporting Elon Musk; Gold Cash Purchases Over 100,000 Yuan to Be Reported from Aug 1st; Internet Celebrity "Chai Duidui" Criticized for Smearing Fat Donglai

Trump said, "The Department of Government Efficiency will keep an eye on Musk. We can save a huge amount of money," and also said that Musk "shouldn't play this game with me."

Going Public in Progress

Weimai Company

36Kr learned that documents from the Hong Kong Stock Exchange showed that Weimai Company submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China Merchants Securities International and Deutsche Bank.

CVTE Electronics

36Kr learned that according to documents from the Hong Kong Stock Exchange, Guangzhou CVTE Electronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The sponsors are China International Capital Hong Kong Securities Co., Ltd. and GF Securities (Hong Kong) Brokerage Co., Ltd.

Top 3 Big News

"Trump vs. Musk" Enters "Round 2": Trump Says He's Considering Expelling Musk from the U.S.

On the morning of July 1st local time, U.S. President Donald Trump gave two media interviews when he was leaving for Florida to attend the inauguration ceremony of the new immigrant detention facility "Alligator Alcatraz", both of which touched on his "feud" with American entrepreneur and former head of the Office of American Innovation, Elon Musk.

At the White House, when asked "whether he would expel Musk", Trump said he "had to think about it", and also said that he might let the "monster that might bite the hand that feeds it" - the Office of American Innovation - deal with Musk. He also emphasized again that Musk "has received a lot of government subsidies".

When being interviewed again before boarding the plane, Trump also said, "The Office of American Innovation will keep an eye on Musk, and we can save a lot of money." He also said that Musk "shouldn't play this game with me." (CCTV News)

Starting from August 1st, cash purchases of gold exceeding 100,000 yuan will need to be reported

Recently, the People's Bank of China issued a notice on printing and distributing the "Administrative Measures for Anti - Money Laundering and Anti - Terrorist Financing of Precious Metals and Gemstone Industry Institutions", clearly putting forward the following requirements: "Industry institutions conducting cash transactions of 100,000 yuan or more (including 100,000 yuan) in RMB or the equivalent in foreign currency shall fulfill their anti - money laundering obligations in accordance with the provisions of these measures." "For customers' single - transaction or daily cumulative cash transactions of 100,000 yuan or more (including 100,000 yuan) in RMB or the equivalent in foreign currency, industry institutions shall submit large - value transaction reports to the China Anti - Money Laundering Monitoring and Analysis Center within 5 working days from the date of the transaction as required." The above "Measures" will be officially implemented on August 1st, 2025, aiming to prevent money - laundering and terrorist financing risks in the field of precious metals and gemstone transactions by establishing a systematic regulatory framework. (21st Century Business Herald)

The Cyberspace Administration exposes a group of online "black mouths": The internet celebrity "Chai Duidui", who smeared Fat Donglai, was reported

According to "Cyberspace China", recently, the National Cyberspace Administration has solidly organized and carried out the special campaign of "Qinglang · Optimizing the Online Business Environment - Rectifying Online 'Black Mouths' Related to Enterprises". It has deployed local cyberspace administrations to actively accept and handle illegal online infringement acts related to enterprises, and urged key website platforms to strengthen the management of enterprise-related information content, and to dispose of a number of enterprise-related illegal accounts in a strict and prompt manner.

The article reported some typical cases, including the internet celebrity "Chai Duidui" who smeared Fat Donglai before.

The report said that accounts such as "Chai Duidui" fabricated false and untrue information related to enterprises and maliciously slandered and attacked enterprises. Douyin accounts "Chai Duidui" and "Duidui Chai", and Xiaohongshu account "Chai Duidui" deliberately smeared the product quality of an enterprise without factual basis, maliciously slandered the image and reputation of an enterprise and entrepreneurs, and took the opportunity to attract fans, drive traffic and promote sales. The involved accounts have been closed in accordance with laws and regulations. (Red Star Capital Bureau)

Large Companies/ Major Events

The company involved in the "rat head vs. duck neck" incident will be dissolved by resolution. Previously, the company was fined 100,000 yuan for violations.

Recently, Jiangxi Zhongkuai Logistics Service Co., Ltd., the company involved in the "rat head vs. duck neck" incident, added a cancellation record announcement. The reason for cancellation is dissolution by resolution. According to Aiqicha, the company was established in April 2009, with Wang Denghai as its legal representative. The registered capital is 16 million yuan, and its business scope includes catering services, online food sales, food business, etc. It is jointly held by Nanchang Yongshan Catering Management Center (Limited Partnership), Wang Baolin, and Sheng Guoqing.

Previously, the administrative penalty notices for the enterprise involved in the "rat head vs. duck neck" incident and relevant responsible persons were announced. The company was fined 100,000 yuan for violating food safety regulations and had its illegal income of 1,325.5 yuan confiscated. Three responsible persons, Zhu, Tao, and Yi, were fined a total of 7.06 million yuan. (Dahe Daily)

Huaxiangbei is required to ban the sale of power banks without 3C certification

When a reporter visited Huaxiangbei, the largest electronics trading market in Shenzhen, on July 2nd, multiple merchants in Huaxiangbei told the reporter that the Shenzhen Market Supervision and Administration Bureau had recently issued a notice to the market management department of Huaxiangbei, strictly prohibiting the sale of power banks without 3C certification in the Huaxiangbei market. The reporter also found at several counters selling power banks in Huaxiangbei that each counter clearly marked that the power banks they sold were products with 3C certification. Additionally, according to merchants, "Currently, some merchants in Huaxiangbei who sold power banks without 3C certification in violation of regulations have been fined by the market supervision and management department. Many merchants are now actively clearing their inventories and removing power banks without 3C certification from the shelves to ensure that all products they sell comply with the regulations." (Lanjing News)

ROMOSS Responds to Change of Legal Representative: Arranging Rectification and Sorting Out Internally First

Recently, due to the power bank recall issue, companies such as ROMOSS have been pushed into the spotlight. Regarding matters such as the change of the legal representative, ROMOSS responded that currently the company is arranging rectification and sorting out internally first. All of the company's energy is focused on self - inspection of the industrial chain to prepare for new products. (Daily Economic News)

JD Express Staff: Power Banks Without 3C Certification Will Not Be Shipped

After the Civil Aviation Administration of China issued an urgent notice regarding power banks without the 3C certification mark, can passengers mail power banks without 3C certification through express delivery? On July 2nd, JD Express staff stated that according to relevant laws, regulations and other requirements, dangerous items such as explosives and flammables are prohibited from being mailed. JD Express will not ship power banks that do not have 3C certification, belong to the recalled batches, or have issues such as overheating, swelling and damage. (The Paper)

Maoyan Apologizes for Incorrectly Releasing Returned Tickets for Jay Chou's Concert: Offers 200-yuan Vouchers as Compensation

On the evening of July 1st, some netizens posted on the internet that they had successfully grabbed tickets for Jay Chou's concert in Jinan on the Maoyan platform but then encountered forced refunds, which sparked a heated discussion.

Early in the morning of July 2nd, Maoyan Performances issued a statement regarding the "Jay Chou 2025 Carnival World Tour - Jinan Station" and apologized. It stated that between 22:19:48 and 22:31:14 on July 1st, 2025, Maoyan staff accidentally released the returned tickets resulting from previous cancellations during the pressure test simulating the "huge traffic of the second ticket sale" for the Jinan stop of Jay Chou's concert.

Currently, the system has automatically refunded the tickets and money for these orders. Maoyan will compensate these users with 200-yuan non-threshold performance vouchers, which will be issued to their accounts on July 2nd. (Beijing Daily)

Niuyuebao's Back Kitchen Exposed as Dirty and Messy; Involved Stores Removed from Food Delivery Platforms

On July 2nd, reporters from the First Help Group of Fujian TV Station found during an investigation that in the back kitchens of the Linhou Store and the Hexiang West Road Store of Niuyuebao in Xiamen, Fujian, various ingredients were left exposed, and cockroaches were crawling everywhere. The report showed that in the back kitchens of these two Niuyuebao stores in Xiamen, ingredients were piled up randomly, the hamburger grills and equipment surfaces were covered with oil stains and food residues, and in some areas, the dirt had solidified into lumps. Cockroaches were crawling on the can racks and the ground.

In response, the national official customer service of Niuyuebao replied to the media that the reported situation was being verified. The hygiene conditions of all stores across the country follow a unified standard. There is daily monitoring of the stores' operational procedures, and regional managers are arranged to visit the stores weekly. If any problems are found, rectification will be required. On July 2nd, the First Help Group followed up on the report. After reporting the situation of the Niuyuebao store on Hexiang West Road in Xiamen to the local market supervision department, law enforcement officers conducted a surprise inspection and found problems in the placement and storage of ingredients, and there were areas in the store's hygiene that needed improvement. Currently, this store has been removed from major food delivery platforms. (Jiemian News)

AutoNavi Maps Responds to the "Case of a Boy's Fatal Bicycle Accident in Hebei"

On July 1st, media reports stated that there was new progress in the previously highly - concerned "Case of a Boy's Fatal Bicycle Accident in Hebei". After receiving a decision of non - prosecution in April, the driver involved, Jiang Yongliang, was reported to sue AutoNavi Maps. After the relevant reports sparked heated discussions, Jiang Yongliang posted a clarification video on his Douyin account, denying that he would sue AutoNavi Maps. He said that the incident was over and he just wanted to return to normal life.

On the evening of July 1st, AutoNavi Maps issued a statement saying that it had noticed the news. The company deeply regretted the accidental incident that occurred last year. At the same time, it also noted that the driver involved had posted a video on a short - video platform, stating that the news was false and he had never had the idea of suing AutoNavi Maps.

AutoNavi Maps stated that according to the "Road Traffic Safety Law", motor vehicle drivers should abide by the provisions of road traffic safety laws and regulations, drive safely and civilizedly. Map navigation products are only for users' travel reference. Given the complexity and variability of the real environment, all driving users should base their decisions on the actual traffic and road conditions and strictly abide by traffic laws, regulations and rules. (Jiemian News)

Tencent Responds to Allegations of "Doxxing" by WeChat's AI Search

Some netizens have complained on social platforms that they were "doxxed" by the newly launched "AI Search" feature on WeChat.

The netizen found that when their name appears in a WeChat article, the name turns into a blue hyperlink. Clicking on the name allows users to view the "personal resume" forcibly generated by the official account's AI and all articles related to that name with a single click. Many netizens said after trying the feature that "it's indeed possible to find a lot of personal information based on the name."

In response, Tencent responded on July 2nd that in order to enrich users' search experience, WeChat Search previously launched AI Search by integrating large models such as DeepSeek and Hunyuan. AI Search only integrates information from official accounts and other public information on the Internet and does not use users' private information. (IT Home)

Foreign Ministry Response: Chinese Brands like Mixue Bingcheng and CHAGEE Becoming New Consumption Favorites among Foreigners

At the regular press conference of the Ministry of Foreign Affairs on July 2nd, a journalist asked that recently, well - known Chinese beverage brands such as Mixue Bingcheng and CHAGEE have attracted attention after their overseas launches. Many Chinese brands have gone global and become new consumption favorites among foreigners. Foreign media commented that Chinese products have bid farewell to the era of replicating Western brands. How does the spokesperson view this phenomenon? In response, spokesperson Mao Ning said that Chinese brands are winning the favor of more and more overseas consumers with their technological content, cultural heritage, design inspiration, and emotional values that bridge China and the rest of the world. "I think the transformation from 'Made in China' to 'Chinese Brands' is an inevitable result of high - quality development, which benefits from China's complete industrial system, fair and open market environment, and long - term innovation and R & D," Mao Ning said. Chinese brands going global provide more choices for global consumers. We also welcome more high - quality foreign brands to enter the Chinese market, learn from each other, and develop together, so that people in all countries can truly benefit from economic globalization. (Global Times)

Bilibili Announces: Former General Manager of Game Cooperation Department Arrested

On July 2nd, Bilibili issued an internal email reporting the illegal acts of Zhang Ximin, the former general manager of the Game Cooperation Department. It stated that the individual committed serious job-related criminal acts during their tenure at Bilibili and that the person has been arrested by the public security organs in accordance with the law. (Yicai Global)

Personnel for Chery's new intelligent R & D established, former No. 2 of Dazhuo left

36Kr exclusively learned that on June 30, Chery Group issued an announcement saying that it would integrate the relevant businesses of its subsidiaries Lion Technology, Dazhuo Intelligence and the R & D General Institute to establish the "Chery Intelligent Center", which has business modules such as intelligent cockpit, intelligent assisted driving, and digital architecture. It is understood that after the establishment of the Intelligent Center, Wu Xuebin serves as the top - level person in charge, responsible for overall direction - setting of Chery's intelligent business; Xie Baojun, the second - level person, is responsible for the actual operation. Zhang Xiaohong, the former No. 2 of Dazhuo Intelligence, has now left. When the Chery Intelligent Center was just established, Zhang Xiaohong was once rumored to lead the assisted driving R & D work under the Intelligent Center system. 36Kr sought verification from Chery Group, but there was no response as of press time.

Lei Jun: The proportion of orders transferred from Xiaomi SU7 and SU7 Ultra to YU7 is less than 15%

Lei Jun, the founder, chairman, and CEO of Xiaomi, responded to the controversy over the large - scale pre - orders of YU7 in the live - streaming room. He said that the orders transferred from Xiaomi SU7 and SU7 Ultra to YU7 accounted for less than 15% of the total orders of YU7. (Jiemian News)

Box office on weekdays exceeds 100 million yuan again after 4 months

36Kr learned that according to the professional version of Dengta, as of 20:00 on July 2nd, the overall box office exceeded 100 million yuan. It is also the first time in more than four months since the end of February that the daily overall box office on weekdays has exceeded 100 million yuan again. "Jurassic World: Reborn", "Detective Conan: The One-Eyed Afterimage", and "F1: Speed Racing" temporarily rank among the top three in today's box office.

The three major U.S. stock indexes closed mixed, and large technology stocks showed mixed performances

36Kr learned that at the close on July 2nd, the three major U.S. stock indexes showed mixed performances. The Nasdaq rose 0.94%, the S&P 500 index rose 0.47%, and the Dow Jones Industrial Average fell 0.02%. Large technology stocks showed mixed performances. Tesla rose more than 4%, NVIDIA and Apple rose more than 2%, and Google rose more than 1%; Arm fell more than 1%, and Meta, Netflix, Amazon, and Microsoft declined slightly. Most popular Chinese concept stocks weakened. Alibaba, Bilibili, and Li Auto fell more than 2%, Pinduoduo and NetEase fell more than 1%, and JD.com, iQiyi, Tencent Music, and Weibo declined slightly; Baidu rose slightly.

Analysis shows Trump's tariff policy will cost US employers $82.3 billion

An analysis found that a group of major US employers will face $82.3 billion in direct costs due to President Donald Trump's current tariff plan. This cost may need to be absorbed through price increases, layoffs, hiring freezes, or reduced profit margins. This analysis by the JPMorgan Chase Institute is the first to measure the direct costs incurred by companies with annual revenues between $10 million and $1 billion due to import taxes. Such companies account for about one-third of the US private-sector workforce. Compared with other companies, these firms are more reliant on imported goods from China, India, and Thailand - and the retail and wholesale industries will be particularly vulnerable to the import taxes imposed by the Republican president. (Sina Finance)

The Top 1000 Global Banks in 2025 are Announced, with ICBC, CCB, ABC, and BOC Retaining the Top Four Positions

On July 2nd, "The Banker" magazine, a publication under the Financial Times Group in the UK, released the ranking of the Top 1000 Global Banks for 2025. Ranked by Tier 1 capital, Chinese banks continue to consolidate their leading positions. The Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), and Bank of China (BOC) firmly hold the top four positions among global banks. This is also the eighth consecutive year that the four major state - owned banks have occupied the top four spots on this list. (Shanghai Securities News)

Luokung Opens Two Stores in New York, USA for the First Time

On July 2nd, according to the official Xiaohongshu account of "Luckin Coffee", Luckin opened its first batch of stores in the United States, a total of two, located at 755 Broadway, Manhattan, New York, and 800 Sixth Avenue respectively. According to the menu published on the Luckin US app, the prices of its drinks range from $3.45 (approximately RMB 24.71) to $7.95 (approximately RMB 56.94). Among them, the cheapest is drip coffee, priced at $3.45, Americano at $4.45, latte at $5.75, coconut latte and velvet latte at $6.45, Luckin Slush at $6.75, and the most expensive green smoothie at $7.95. The prices of the above drinks are generally much higher than those in China, but similar to those of Starbucks in the United States. A large cup of Americano at Starbucks in the United States is priced at $4.65, and a large cup of latte at $5.65. (Daily Economic News)

Elon Musk Plans to Establish the "American Party"

Recently, Elon Musk has once again strongly criticized the "big and beautiful" tax and spending bill strongly promoted by President Trump. He posted dozens of messages in a row, saying that the lawmakers who support the bill should be ashamed, and stating that if the bill is passed, he will establish the "American Party" the next day. Musk has criticized the "big and beautiful" bill several times recently. On June 29, when being interviewed by Fox News Channel, Trump hinted that Musk's dissatisfaction stems from the bill's proposal to cancel the tax credits for electric vehicle consumers, which affects the interests of Musk as the CEO of Tesla, an electric vehicle manufacturer. (CCTV News)

US Senate Passes "Great and Beautiful" Bill by One-Vote Margin

On the morning of July 1st, the US Senate passed the comprehensive tax cut and spending bill proposed by US President Trump with a vote of 51 to 50. During this period, senators voted on dozens of proposed legislative amendments. It is reported that three Republican senators "defected" and voted against the final bill. In the case of a "tie" with 50 votes in favor and 50 votes against, Republican Vice President Vance, who serves as the President of the Senate, cast the "tie-breaking" vote, and the amendment was passed with a vote of 51 to 50. US House Speaker Mike Johnson said that he will strive to pass the bill before the July 4th deadline set by Trump. (CCTV News)

Google Ordered to Pay $314.6 Million in Damages to California Users for Misusing Android Phone Data

According to the plaintiff's lawyers, a jury in San Jose, California, ruled on Tuesday that Google had misused users' phone data and must pay more than $314.6 million in damages to Android smartphone users in the state. The jury agreed with the plaintiffs that Google, a subsidiary of Alphabet, sent and received information to and from devices without permission when the devices were idle, creating what the lawsuit called "a mandatory and unavoidable burden borne by Android device users for Google's benefit." (Sina Finance)

Microsoft lays off about 9,000 employees in latest round of job cuts

Microsoft announced on July 2 that it would cut about 9,000 jobs. A person familiar with the matter said the move would affect less than 4% of its total global workforce, involving different teams, regions and experience levels. The announcement came on the second day of Microsoft's fiscal year 2026. Executives at the Redmond, Washington-based company typically announce restructuring plans at the start of a new fiscal year. A Microsoft spokesperson said in an email: "We will continue to implement the necessary organizational changes to position the company and teams for the best possible success in a dynamic market." (Sina Finance)

Volvo Cars' Sales Fell 12% in June, and Pure Electric Vehicle Sales Plummeted 26%

Volvo Cars announced on July 2 that its sales had declined for the fourth consecutive month due to trade tariffs and weak demand for electric vehicles. Volvo Cars, which is majority - owned by China's Geely Group, said in a statement that it sold 62,858 vehicles in June, a 12% year - on - year decrease. The group withdrew its profit forecast for the next two years in April due to tariff issues. The statement also said that sales of pure electric vehicles fell 26% and accounted for 22% of total sales. (Sina Finance)

Fed Chair Powell Says Dollar Swap Lines Remain an Important Tool

Fed Chair Jerome Powell said on July 1 that the Federal Reserve has no plans to change the way it provides dollar liquidity to other central banks. When talking about the Fed's dollar swap line mechanism at a meeting hosted by the European Central Bank, Powell said, "We still have the same authorities, and we're still prepared to use these tools within our legal authorities and when we think it's appropriate." He added that the dollar swap lines have made a "huge contribution" to global financial stability. The Fed's dollar swap lines provide loans to eligible central banks to ensure that dollar liquidity does not become a problem for the global financial system. Rhee Chang-yong, governor of the Bank of Korea, pointed out at the same central bank meeting that while the dollar swap lines have helped during difficult times, there may sometimes be dollar liquidity problems that the Fed cannot solve in some countries. "Our understanding is that in such cases, the Fed cannot extend the currency swap lines, and we must take preventive measures. Therefore, I think it's very important to maintain an adequate level of reserves." (Sina Finance)

Notre-Dame de Paris Spire to Reopen to Visitors in September

On July 2, it was reported that the spire of Notre-Dame de Paris in France will start receiving visitors this September. This will be the first time the spire has reopened to visitors since it was damaged in a fire in 2019, six years ago. According to a report by Deutsche Presse-Agentur on July 1, citing information from the French National Monuments Centre, starting from September 20, visitors can climb 420 steps to reach the observation deck on the spire of Notre-Dame de Paris. From a height of 69 meters, they can overlook the cityscape of Paris and get a close look at the reconstructed Notre-Dame de Paris after the fire. To avoid overcrowding, visitors who wish to visit the spire of Notre-Dame de Paris need to make an online reservation. The annual limit for the number of visitors to the spire is 400,000, and the ticket price is expected to be 16 euros. (Xinhua News Agency)

Vegetable prices soar in South Korea, with spinach costing 51 yuan per kilogram

South Korea has been experiencing continuous high - temperature weather in recent days. The Ministry of the Interior and Safety of South Korea has raised the high - temperature crisis alert level from "attention" to "warning". Affected by the high - temperature weather, so far, the number of patients related to high - temperature such as heatstroke in South Korea has reached 470, an increase of about 20% compared with the same period last year. Under the high - temperature weather, vegetable prices in South Korea have also risen significantly. The latest data released by the Korea Agro - Fisheries & Food Trade Corporation shows that on July 1st, the retail price of spinach per kilogram was 9,740 won (equivalent to about 51 yuan), a sharp increase of more than 40% compared with the same period last month. In addition, the prices of seasonal vegetables such as lettuce, radishes, and green onions have also increased by 10% to 30% compared with the same period last month. (CCTV Finance)

The forefront of AI

The nation's first AI food delivery vehicle was launched in Wuhan

On June 30, the nation's first food delivery vehicle equipped with an "AI brain" - the Zhiyin vehicle - was launched in Hanyang District, Wuhan. The nation's first special license plate management system for instant delivery was also released simultaneously. The person in charge of the Social Work Department of the Hanyang District Party Committee introduced that the vehicle is equipped with a Beidou dual - frequency chip to achieve intelligent management of vehicle - driver binding, and has multiple functions such as identity recognition, automatic speed reduction, route optimization, and full - process traceability. (Hubei Daily)

Meta Adds Business Voice Call Feature to WhatsApp and Explores AI Product Recommendations

WhatsApp, owned by Meta Platforms, is adding more artificial intelligence features to its business suite. On Tuesday, the company announced that it will launch a voice call feature for large enterprises. This update will enable the app to explore the application scenarios of AI voice agents. (Sina Finance)

Cool Products

Reports: Apple's Folding iPhone Enters P1 Prototype Stage, Development of Folding iPad Put on Hold

It is reported that Apple's folding iPhone entered the P1 (Prototype 1) prototype development stage in June. There will be P2 and P3 stages later, and each prototype stage usually lasts about two months. It is expected that the development process of the prototype will be completed by the end of 2025, and the device is expected to be launched in the second half of 2026. In addition, the development of the folding iPad has been put on hold. The reasons include the more difficult production of components such as panels, the too - high selling price, and the relatively low market acceptance. (Cailian Press)

WPS Launches Real-time Simultaneous Interpretation Function to Promote Information Equality and Assist the Hearing-impaired Community

36Kr learned that on July 2nd, WPS Voice Recorder (voice shorthand) under Kingsoft Office launched the "Real-time Simultaneous Interpretation Subtitles" function. When users watch videos, online courses, or play recordings, they can achieve functions such as real-time voice transcription and subtitle generation. A relevant person in charge of WPS Voice Recorder said that this function has been launched on Windows, Android, and iOS platforms. Users can download the latest version of WPS and click "Voice Shorthand" in the WPS App Center to experience it. It's worth mentioning that the "Real-time Simultaneous Interpretation Subtitles" function will continue the public welfare campaign "Hear Together with WPS AI" initiated by Kingsoft Office in December 2024. It will be free for hearing-impaired users, helping them break down communication barriers. As of now, tens of thousands of hearing-impaired users have benefited from it.

Kugou Music's Latest App Version Unveils Three Major Feature Updates

36Kr learned that recently, Kugou Music has rolled out three major feature updates in its latest app version. These include the industry's first external playback loudness enhancement technology, "One-Click Loudness Boost 2.0", the first music platform technology in China compatible with Apple's Spatial Audio, and the industry's first "DJ Mode Fireworks Effect" for playback.

Investment and Financing

"Shenkepu Industry" Completes Over 100 Million Yuan Series B+ Round of Financing

Recently, "Shenkepu Industry" announced the completion of a Series B+ round of financing exceeding 100 million yuan. This round of financing was jointly participated in by Jinfu Capital, Zhuhai Science and Technology Innovation Investment, Zhuhai High - tech Investment, Yunqi Capital, Airport Venture Capital, and Haojun Capital. Yunxiu Capital served as the exclusive financial advisor. This round of financing will be mainly used for the iterative upgrading of core technologies, market expansion, international strategic layout, and green and sustainable development. It is reported that the company is an international company focusing on the design and production of high - end standard industrial equipment. Its market share of PCB depaneling machines has ranked among the top three globally for 40 consecutive years, and its special - shaped component insertion technology remains number one globally.

Beijing Mosska Supply Chain Management Co., Ltd. Completes Series A Financing of 30 Million RMB

36Kr learned that recently, Beijing Mosska Supply Chain Management Co., Ltd. (Brand: Mosska) completed a Series A financing of 30 million RMB. The investor is Shenzhen Shengshang Chuangzhan Investment Co., Ltd. This financing will help Mosska accelerate the layout of offline stores and consolidate its market position in the specialty coffee field.

Xuanhang International Air Logistics (Shenzhen) Co., Ltd. Completes Series A Financing of RMB 20 Million

36Kr learned that recently, Xuanhang International Air Logistics (Shenzhen) Co., Ltd. has completed a Series A financing of RMB 20 million. This round of financing will help Xuanhang International further expand its service network and enhance the competitiveness of its international logistics solutions. Xuanhang International is affiliated with Hong Kong Xuanhang Aviation Group and is a first-class air freight forwarding company approved by the Ministry of Foreign Trade and the Civil Aviation Administration.

Compiled | Anya Sun