Krypton Evening News | The parent company of Nezha Automobile pre-recruits potential investors for restructuring; Beijing Huannuo Heyi Technology Group completes hundreds of millions of yuan in Series B financing; Jensen Huang: The Chinese market is unique for NVIDIA.
Large Companies:
36Kr learned that on the afternoon of July 17th, Meituan announced that it would promote endowment insurance subsidies across the country this year. This social security plan is expected to cover over one million food delivery riders. A relevant Meituan official also introduced multiple aspects of upgraded protection. Since July 1st, the riders' "work - related injury insurance," namely "new occupational injury insurance," has been extended to 17 provincial - level administrative regions, providing a safety net for riders against accidental injury risks. In terms of rider safety, Meituan will continue to upgrade the rider safety system in terms of pre - event prevention, in - event intervention, and post - event support. Riders who complete orders safely can receive cash rewards. In terms of rider services, Meituan will build 1,000 "Rider Homes" in the next three years in cooperation with the All - China Federation of Trade Unions, and these will be open to the entire industry.
iQiyi Launches "Four Halls" Based on Content Popularity Index
36Kr learned that iQiyi has launched a series of "Four Halls for TV Dramas" based on the platform's content popularity index. It includes the "Honor Hall" (TV dramas with a content popularity index of 10,000 or above), the "National Hall" (TV dramas with a content popularity index of 9,500 or above), the "Popularity Hall" (TV dramas with a content popularity index of 9,000 or above), and the "Excellent Works Hall" (TV dramas with a content popularity index of 8,000 or above). It is reported that iQiyi is the first domestic video platform to launch a content popularity index.
Parent Company of Nezha Automobile Pre - recruits Intended Reorganization Investors
According to Ali Assets, the pre - recruitment channel for intended reorganization investors of Hozon New Energy Automobile Co., Ltd. (the parent company of Nezha Automobile) has officially opened. Since July 10th, 2025, interested strategic investors can submit pre - registration materials through the Ali Assets platform. As of May 1st, 2025, Hozon New Energy's assets mainly consist of fixed assets, machinery and equipment, intellectual property rights, and accounts receivable. Specifically, the fixed assets include an industrial land plot in the Economic Development Zone of Tongxiang City, Zhejiang Province, covering an area of 350 mu. In terms of machinery and equipment, it includes production line integration equipment, production molds and tooling, transportation vehicles, and experimental equipment in the workshop. In terms of intellectual property rights, the company owns self - developed software products and the registered trademark "Nezha Automobile." (Caixin)
Volvo Cars Reports Q2 Revenue of SEK 93.5 Billion
Volvo Cars' revenue in the second quarter was SEK 93.5 billion, lower than the IBES estimate of SEK 89.069 billion. It reported a net loss of SEK 7.51 billion in the second quarter. (Caixin)
36Kr learned that Fudan University has achieved successive breakthroughs in the medical field. After discovering a new therapeutic target for Parkinson's disease (PD), an early - screening and early - diagnosis test reagent for Alzheimer's disease (AD) will be available in major hospitals and physical examination centers by the end of this year. These research projects are all supported by the AI computing power provided by the CFFF platform jointly built by Fudan University and Alibaba Cloud, which has greatly accelerated the progress of scientific research.
Nature Website: "Another DeepSeek Moment" for Chinese AI Models
The website of the British magazine Nature published an article on the 16th, saying that the release of the Chinese artificial intelligence (AI) model Kimi K2 has caused a sensation, and the world has witnessed "another DeepSeek moment." China has launched a second impressive model within six months, indicating that this success is not accidental. Kimi K2 performs particularly well in programming, achieving high scores in tests such as LiveCodeBench (a dataset specifically used to evaluate the coding ability of large - language models). In addition, Kimi K2 also seems to have a talent for writing, ranking among the top in some professional tests. Currently, AI developers, including those in the open - source community in Silicon Valley, are all talking about Kimi K2. Official data shows that its total parameter scale has reached the trillion - level (1T). (Xinhua News Agency)
Investment and Financing:
Guangdong Guanchi Agriculture Completes a 25 - million - yuan Angel Round of Financing
36Kr learned that recently, Guangdong Guanchi Agricultural Science Research Co., Ltd. announced the completion of a 25 - million - yuan angel round of financing, jointly led by several institutions such as Early Bird Venture Capital. The funds from this round will be used for the technological R & D and market promotion of the intelligent agricultural management system, with a focus on the layout of agricultural Internet of Things, AI production decision - making models, and the construction of a digital platform for the entire industrial chain.
36Kr learned that on July 16th, Beijing Huannuo Heyi Technology Group Co., Ltd. announced the completion of a multi - hundred - million - yuan Series B round of financing, jointly led by several investment institutions. The funds from this round will be mainly used to promote the R & D and international layout of the "China - UK Education Foundation Project" under its umbrella, and to deepen the development of AI education technology, cross - border curriculum development, and the construction of a digital education platform.
Shanghai Aienman Digital Technology Center Completes a 10 - million - yuan Angel Round of Financing
Recently, Shanghai Aienman Digital Technology Center completed a 10 - million - yuan angel round of financing, with Zhongjing Jinkong Investment Co., Ltd. as the investor. This round of financing will inject strong impetus into Aienman's efforts to accelerate technological R & D, deepen the supply - chain layout, and expand market coverage.
New Products:
It is reported that Google has officially set the date for its Pixel launch event: August 20th, 2025. In the invitation sent on Wednesday, Google said that the event will be held at 1 pm Eastern Time in New York, and the company will showcase "the latest Pixel phones, watches, earphones, and other products." At the event, Google is expected to launch a new series of Pixel smartphones, including the base - model Pixel 10. There are rumors that the Pixel 10 will be equipped with three cameras. (Sina Finance)
36Kr learned that on July 17th, Wondershare Technology presented its first AI Agent product, Wondershare HyperMedia Agent, at the 2nd - anniversary conference of the AI Product List and launched a limited - access public beta. It is reported that Wondershare HyperMedia Agent is built on the technological foundation of Wondershare Panorama 2.0 and is specifically designed for global audio - video creators. It has full - process creative capabilities and a highly intelligent technological architecture. This product has professional - level editing functions, a large number of vertical - scenario templates, and a rich knowledge base of the industry, and it collaborates deeply with AIGC software such as Wondershare Filmora to promote the evolution of AI audio - video creation from a single - point tool form to an integrated, automated, and intelligent comprehensive solution.
36Kr learned that on July 16th, Daily Interactive released a new operating system, GAI OS, and an AI office suite for vertical industries, GAI Office, at the "GAI · Daily Interactive AI New Product Launch Event." Fang Yi, the CEO of the company, said that Daily Interactive has strategically laid out a three - layer product architecture for GAI: GAI OS improves the usability of vertical models, GAI Office enhances the practicality of AI, and GAI Store realizes the scalability of the AI ecosystem, building an AI infrastructure that is safe, controllable, deeply integrated into scenarios, and beneficial for all parties in the ecosystem. At the launch event, a hardware product priced at around 100,000 yuan, the "Gezhi · Intelligent Workstation" (GAI Station), was also launched.
Today's Views:
Jensen Huang: The Chinese Market Is Unique for NVIDIA
Jensen Huang, the founder and CEO of NVIDIA, said at the 3rd Chain Expo on July 17th that for NVIDIA, China is one of the largest markets in the world. "The Chinese market is very amazing and dynamic. There are customers and partners like Alibaba, which have strong computer science capabilities and can create amazing services by using NVIDIA's products. It is an incredible and unique market," Huang said. (Shanghai Securities News)
Other Noteworthy News:
36Kr learned that at midnight on July 17th, the "Agreement between the Government of the People's Republic of China and the Government of Malaysia on the Mutual Exemption of Visas for Holders of Ordinary Passports and Service Passports" officially came into effect. Citizens holding ordinary passports of China and Malaysia can enter each other's countries without a visa and stay for a maximum of 30 days per visit. Data shows that Malaysia has become one of the top three destinations for Chinese tourists traveling abroad this summer. In the past six months, WeChat Pay has seen several - fold increases in both transaction volume and the number of transactions in Malaysia, and Malaysian merchants are highly enthusiastic about accessing WeChat Pay. Meanwhile, WeChat Pay has cooperated with the Malaysian payment company PayNet, allowing Chinese tourists to complete payments by directly scanning the DuitNow QR codes in Malaysia.
US Senate Votes to Cut $9 Billion in Global Aid and Public Broadcasting Funds
On Thursday local time, the US Senate voted to cut $9 billion in federal funds for global aid projects and the Corporation for Public Broadcasting, and submitted the plan requested by President Trump to the House of Representatives for a final vote. The vote on this so - called "cutting plan" was 51 in favor and 48 against, which is a victory for Trump. Trump has vowed to reduce the size of the federal government. However, earlier this month, he signed the "One Big Beautiful Bill Act," which is expected to increase the debt by $3.3 trillion in the next decade, and thus was criticized by Democrats. (Sina Finance)