8:00 am Krypton Update | Unitree Technology will submit an IPO application in the fourth quarter; Nestle's CEO was fired for having a relationship with a subordinate; WeChat customer service responds to the question of whether a user's Moments will disappear after their death.

Today's Hot News Guide

The acquisition case of Liangpinpuzi has entered the acceptance stage.

Mixue Bingcheng has recently applied for multiple trademarks related to AI culture.

The CEO of Suntory resigned due to suspected purchase of illegal health products.

CHAGEE has officially entered the Philippine market.

• Tencent responded to being sued by Mihoyo: It will strictly comply with the laws and relevant litigation procedures to provide support.

Top 3 Big News

Unitree Technology Announces Plans to Submit IPO Application in Q4

36Kr has learned that Unitree Technology posted on social media platform X that it expects to submit an IPO application to Chinese stock exchanges between October and December. Unitree Technology stated that quadruped robots and humanoid robots accounted for 65% and 30% of its 2024 sales respectively. More details will be disclosed in the IPO documents.

Nestle CEO Fired for Having a Relationship with a Subordinate

On September 2nd, Nestle China announced that Nestle Group's Board of Directors declared on September 1st, 2025, that Philipp Navratil has been appointed as the Chief Executive Officer (CEO) of Nestle Group, replacing Laurent Freixe who was fired. The appointment takes effect immediately. Laurent Freixe's departure stems from an investigation. Allegedly, the investigation found that he had an undisclosed romantic relationship with a direct subordinate, which violated Nestle's "Code of Business Conduct".

Public information shows that Laurent Freixe joined Nestle in 1986 and has worked for over 40 years. He has successively served as the head of the European region, the CEO of the Americas region, the CEO of the Latin American region and other positions. In September 2024, Laurent Freixe took over the position of CEO of Nestle Group. Under Laurent Freixe's leadership, in March this year, Nestle announced the acquisition of the remaining 40% stake in Hsu Fu Chi, completing its full - control of the company. In 2011, Nestle had acquired 60% of Hsu Fu Chi's shares. Thus, this 14 - year capital race officially came to an end.

Regarding the change of CEO again, Paul Bulcke, the Chairman of Nestle's Board of Directors, said that Nestle's strategic direction will not change, and the pace of performance will not slow down. (Jiemian News, Yicai)

WeChat customer service responds to "Will the Moments disappear after death?": Accounts that haven't been logged in for a long time may be reclaimed by the system

On September 1st, the topic "Will the Moments disappear after a person dies?" sparked discussions and caught the attention of netizens.

In response, WeChat customer service stated that if a WeChat account hasn't been logged in for a long time (usually over a year), it may be reclaimed by the system to ensure security. It is recommended that you log in to your WeChat account regularly to keep it active and avoid the account entering a protected state or being reclaimed. If you're worried about the account status, please check the login records in time or re - register a new account for use.

In addition, WeChat customer service also said that if a WeChat account is reclaimed by the system, all the content of the account, including Moments posts, profile pictures, personal signatures, WeChat IDs, etc., will be cleared and cannot be restored. If you need to keep important data, it is recommended to log in to the account regularly to keep it active and back up the data to an external storage device (such as a USB flash drive) in advance. Please note that once the account is reclaimed, the data cannot be retrieved by any means. (Da Wan News)

Large companies/Big events

Fat Donglai Oat Crisps Alleged to Lack Production Date, Yonghui Supermarket: Product Has Been Removed from Shelves

On August 31st, a consumer posted a video stating that the food purchased at the Xinwan Store of Yonghui Supermarket in Zhengzhou, Henan, had no production date. The oat crisps purchased by the consumer had the words "Fat Donglai Supermarket" and "Donglai Quality" on the packaging, and the product's principal consignor marked on the packaging was Xuchang Fat Donglai Supermarket Co., Ltd. On September 1st, reporters learned from the customer service staff at the Zhengzhou Xinwan Store of Yonghui Supermarket that the product had been removed from the shelves and further verification was underway. The Food Safety Law of the People's Republic of China stipulates that prepackaged foods must indicate the production date and other legally required information. (Beijing News)

Foreign Ministry: China to Pilot Visa - Free Policy for Russia

On September 2nd, Foreign Ministry Spokesperson Guo Jiakun stated that to further facilitate the exchanges between Chinese and foreign personnel, China has decided to expand the scope of visa - free countries. From September 15th, 2025, to September 14th, 2026, China will pilot a visa - free policy for Russian citizens holding ordinary passports. Russian citizens with ordinary passports coming to China for business, tourism, sightseeing, visiting relatives and friends, or exchange visits, and with a transit period of no more than 30 days, can enter China without a visa. (CCTV News)

WeChat "Withdraws" the Function of Sending Live Photos in Chats

On September 2nd, it was reported that the Android version of WeChat received an update to the internal test version 8.0.63. The official update log stated "Optimized some known issues." In earlier tests, this version of WeChat already supported sending Live Photos in chats and was compatible with mobile phone models from brands such as Xiaomi, OPPO, Vivo, and Honor.

IT Home noticed that currently, this version of WeChat has "remotely withdrawn" the function of sending Live Photos: users can no longer select photos from the album to send as Live Photos, and the previously sent Live Photos have also been converted into static images.

It's worth mentioning that when some Android - version WeChat users on certain models send Live Photos, if they choose to send the original image, they can still save the sent Live Photos to their local phones and then view the live effect (play the dynamic images and sounds of the picture). However, if they don't choose to send the original image, this effect won't be available. (Caixin.com Technology, IT Home)

Tencent Responds to Being Sued by Mihoyo: Will Strictly Comply with Legal Requirements and Relevant Litigation Procedures to Provide Support

Recently, the topic "Mihoyo sues Tencent" has hit the hot search and sparked intense discussions. Late at night on September 1st, Tencent responded to this, saying, "In this lawsuit, Mihoyo, due to its own civil litigation needs, hopes to obtain relevant QQ user information. However, according to relevant laws and regulations protecting user privacy, Tencent cannot provide user information in violation of regulations. Only through the formal judicial litigation process can the information be retrieved and provided. Tencent will strictly comply with legal requirements and relevant litigation procedures to provide support."

Public information shows that Shanghai Mihoyo Yingtie Technology Co., Ltd. has a latest court session announcement, involving a newly added "other civil" lawsuit against Shenzhen Tencent Computer Systems Co., Ltd. This case will be heard in Courtroom 1018 of the People's Court of Nanshan District, Shenzhen City, Guangdong Province on September 5th, and it is a civil first - instance case. (Jiemian News)

Acceptance Phase Reached in the Acquisition Case of Liangpinpuzi

According to the website of the anti - monopoly business system for concentration of business operators of the State Administration for Market Regulation, on August 28, the case of Wuhan Yangtze River International Trade Group Co., Ltd.'s acquisition of the equity of Liangpinpuzi Co., Ltd. entered the acceptance phase, with the acceptance date being August 28, 2025.

According to the public notice form for simplified cases of concentration of business operators, Wuhan Yangtze River International Trade Group Co., Ltd. ("Yangtze River International Trade"), Ningbo Hanyi Venture Capital Partnership (Limited Partnership) ("Ningbo Hanyi"), Ningbo Liangpin Investment Management Co., Ltd. ("Liangpin Investment"), and Dayong Co., Ltd. ("Dayong Limited") signed an agreement to acquire a total of 29.99% of the shares of Liangpinpuzi Co., Ltd. ("Liangpinpuzi").

Before the transaction, Ningbo Hanyi held 35.23% of the shares of Liangpinpuzi and had sole control over it. After the transaction, Yangtze River International Trade will hold 29.99% of the shares of Liangpinpuzi and have sole control over it. (Jiemian News)

FAW Audi Personnel Adjustment: Guo Yongfeng Appointed Executive Deputy General Manager

It is learned from FAW Audi that since September 1, 2025, Guo Yongfeng will succeed Li Fenggang as the executive deputy general manager of FAW Audi Sales Co., Ltd., comprehensively responsible for the sales, after - sales service, network and brand marketing of all domestic and imported vehicles of FAW Audi in China. Li Fenggang has been transferred to be the Party secretary and general manager of FAW Fuhua Ecology Co., Ltd. (NBD)

CHAGEE Officially Enters the Philippine Market

36Kr learned that recently, CHAGEE opened three stores in the Philippines simultaneously, making its debut in the Philippine market. It is understood that these three stores are located in SM North EDSA, Robinsons Galleria, and Venice Grand Canal Mall respectively. All three locations are in the core business districts of Metro Manila, which is a large metropolitan area surrounding Manila, the capital of the Philippines. In the first three days of opening, the stores sold over 23,000 cups in total.

Mixue Bingcheng Recently Applied for Multiple AI Culture-Related Trademarks

36Kr learned that according to the AiQicha app, recently, Mixue Bingcheng Co., Ltd. applied to register trademarks such as "AI SNOWKING CULTURE" and "Snow King Culture AI". The international classifications involve education and entertainment, office supplies, and scientific instruments. Currently, the status of the above trademarks is pending substantive examination.

Zotye Auto will not be able to resume production this year

Zotye Auto announced on September 1st that the general assembly production line and related equipment of the T300 model of its subsidiary, the Chongqing Branch of Hunan Jiangnan Automobile Manufacturing Co., Ltd., have been forcibly removed by the People's Court of Bishan District, Chongqing. The company no longer meets the conditions to resume the production of its first model, the T300, this year and will not be able to resume production. The company faces risks of uncertainty in its continuous operation ability. (Jiemian News)

SenseTime: Explicit and implicit identifiers have been added to all generative and synthetic services provided to the public

36Kr learned that SenseTime has issued an announcement. To implement the regulatory policies of the "Measures for Identifying Artificial Intelligence-Generated and Synthetic Content" (effective September 1, 2025), the "Regulations on the Administration of Deep Synthesis of Internet Information Services", and the "Interim Measures for the Administration of Generative Artificial Intelligence Services", all generative and synthetic services provided by SenseTime to the public (including but not limited to text, image, audio, video, and virtual scene generation) strictly comply with the requirements of the regulatory policies, and explicit and implicit identifiers have been added. Users are not allowed to maliciously delete, alter, forge, or conceal the identifier information of the AI content generated through SenseTime's artificial intelligence service platform.

The pace of the express delivery industry's "anti-involution" is accelerating, and prices are rising in core areas

The pace of the express delivery industry's "anti-involution" is accelerating. Recently, in Guangdong and Zhejiang, major e-commerce hubs, many express delivery companies have raised express delivery fees for e-commerce customers. In addition to Yiwu in Zhejiang and Guangdong, there are also expectations of price increases in Fujian, Anhui, Jiangsu, Shandong and other places in the industry. Industry analysts said that the national "anti-involution" policy this time is unprecedented in intensity. In the short term, the average price per piece will rebound, promoting the restoration of corporate profits. The increase in the last-mile delivery fee will improve the income of couriers and enhance stability. In the long term, it is expected to break the cycle of "trading price for volume" and guide the express delivery industry to shift from scale competition to value competition. (Securities Times)

The spot gold price has broken through $3,500 per ounce, hitting a record high

36Kr has learned that the spot gold price has broken through $3,500 per ounce, hitting a record high. Since the beginning of this year, the gold price has risen by more than 33% in total.

The three major U.S. stock indexes closed down collectively, while most popular Chinese concept stocks rose

36Kr learned that at the close on September 2nd, the three major U.S. stock indexes fell collectively. The Dow Jones Industrial Average dropped 0.55%, the S&P 500 Index declined 0.69%, and the Nasdaq Composite Index decreased 0.82%. Most large technology stocks fell. NVIDIA, Amazon, Apple, and Tesla dropped more than 1%, while Google, Meta, and Microsoft declined slightly. Most popular Chinese concept stocks rose. Li Auto rose more than 4%, NIO rose more than 3%, Alibaba rose more than 2%, and JD.com, Pinduoduo, Baidu, and iQiyi rose more than 1%. Bilibili dropped more than 3%, and XPeng Motors dropped more than 1%.

Google's Online Search Monopoly Case Ruling: No Need to Spin Off Chrome and Android

It is reported that a judge in Washington, the United States, ruled on September 2nd that Google, a subsidiary of Alphabet, must share data with competitors and open up competition in the online search market. Meanwhile, the prosecutor's request for Google to sell its Chrome browser was rejected. In addition, Google does not need to spin off its Android operating system. Moreover, Google plans to appear in court in September to face another lawsuit from the US Department of Justice. In this case, the judge has ruled that Google holds an illegal monopoly in the online advertising technology field, and remedies will be determined at that time.

The two lawsuits filed by the US Department of Justice against Google are part of a large - scale crackdown on large technology companies launched by both parties in the United States. This action began during President Trump's first term and involves Meta Platforms, Amazon, and Apple. (Jiemian News)

Nearly 600 economists sign an open letter to support Lisa Cook and call for safeguarding the independence of the Federal Reserve

Many well - known economists have come out in support of Federal Reserve Governor Lisa Cook, after Donald Trump sought to fire her over alleged mortgage fraud. Nearly 600 economists have signed an open letter backing Cook, stating that the bar for removing a Federal Reserve governor is high and that elected officials should avoid actions and statements that erode the Fed's independence. (Sina Finance)

Nvidia Denies Rumors of H100/H200 Chip Shortage

Nvidia stated that recent rumors about "supply constraints" and "sold out" of its H100/H200 chips are all false information, and it has enough H100/H200 chips to fulfill all orders. (Caixin Press)

Apple Continues to Lose AI Talent as Head of Robotics Research Joins Meta

It is reported that the head of Apple's artificial intelligence robotics research has left the company and joined Meta Platforms, which is the latest case of the company's AI talent drain. Meta confirmed on September 2 that Jian Zhang has joined its robotics studio. According to people familiar with the matter, three other AI researchers will leave Apple's internal large language model team.

It is learned that the latest wave of departures last week included John Peebles, Nan Du, and Zhao Men. All of these individuals are from Apple's foundation models team, which has seen about 10 members leave in recent weeks, including the team leader. This team is the core force in developing Apple's intelligent platform, which was launched last year and is an important move for the company to catch up with the AI wave. (Jiemian News)

Tesla: The first batch of Model Y L deliveries nationwide officially commence

36Kr learned that Tesla officially announced that the first batch of Model Y L deliveries nationwide have officially begun.

Suntory CEO Resigns over Alleged Purchase of Illegal Health Supplements

Japanese beverage giant Suntory announced on September 2 that Tsuyoshi Shina has resigned as President and CEO, effective September 1. The company said in a statement that it received a report on August 22 that police were investigating Tsuyoshi Shina over his purchase of illegal health supplements. The company believes that strict compliance with laws and regulations is the most basic requirement. Therefore, without waiting for the investigation results, the company believes that Tsuyoshi Shina's actions indicate his lack of knowledge about health supplements, and thus he is unable to continue in his position. After discussions with Tsuyoshi Shina, he offered to resign for personal reasons. (Jiemian News)

The flying car invested by Elon Musk is in trial operation at the airport: no external propellers, can fly 170 kilometers, and is priced at over 2 million RMB

According to a report by ABC 7 in the United States on September 2nd, a flying car developed by a company in San Mateo, California, USA, has signed contracts with two airports and started trial operation. This is a black all - electric vehicle without external propellers. It can take off and land vertically, can be used on ordinary roads, and has a flight range of 170 kilometers.

According to an earlier report by The New York Post, Elon Musk's SpaceX is also an investor in this company. The car is priced at $300,000, approximately equivalent to 2.14 million RMB, and has received 3,300 pre - orders. (Hike News)

Tesla Unveils "Master Plan Part 4": Developing Products to Bring AI into the Physical World

Tesla has released the full document of the fourth chapter of its "Master Plan" (Master Plan Part 4). It states that the next chapter of Tesla's story will create a world that humanity has only just begun to imagine and achieve it on an unprecedented scale. Currently, Tesla is developing products and services that bring AI into the physical world. (Cailian Press)

Going Public in Progress

Pangu Information Technology

36Kr learned that Pangu Information Technology announced that the company held the first interim meeting of the 11th - session board of directors in 2025 on September 2, 2025, and deliberated and approved the proposal regarding the company's issuance of H - shares and listing on the Main Board of The Stock Exchange of Hong Kong Limited. The company intends to issue overseas - listed foreign - capital shares (H - shares) and apply for listing on the Main Board of The Stock Exchange of Hong Kong Limited to enhance the company's comprehensive competitiveness, accelerate the implementation of the internationalization strategy and overseas business layout, strengthen overseas financing capabilities, optimize the capital structure and shareholder composition, and improve the company's governance level and core competitiveness. The issuance of H - shares and listing this time still needs to be submitted to the company's shareholders' meeting for deliberation, and relevant government agencies and regulatory agencies' filings, approvals and/or authorizations are required. Currently, the company is actively discussing the relevant work of this H - share issuance and listing with relevant intermediary institutions, and the specific details have not been finally determined.

XGIMI Technology Co., Ltd.

36Kr learned that XGIMI Technology Co., Ltd. announced that the company intends to issue shares (H shares) overseas and apply for listing on the Main Board of the Hong Kong Stock Exchange. The company will fully consider the interests of existing shareholders and the situation of domestic and overseas capital markets, and choose an appropriate timing and issuance window to complete the issuance of H shares and listing within the validity period of the shareholders' meeting resolution.

The Cutting - Edge of AI

Alibaba Launches AgentScope 1.0, an Agent Development Framework

36Kr learned that, according to the official WeChat account of Tongyi Big Model, Alibaba's Tongyi Laboratory has launched a new-generation agent development framework - AgentScope 1.0. It is reported that AgentScope 1.0 is an open-source framework centered around developers and focused on multi-agent development.

OpenAI Says It Will Enhance the Model's Ability to Recognize and Respond to Emotional Distress

On September 2nd, OpenAI announced that the company is continuously improving its model's ability to recognize and respond to psychological and emotional distress. OpenAI stated that it will strengthen the protection of teenagers. A parental supervision feature will be launched within the next month. Parents can link their accounts with their teenagers' accounts through a simple email invitation. When the system detects that a child is in a state of extreme distress, parents will receive a notification. (Jiemian News)

Tencent Open-Sources the Agent Framework Youtu-Agent

36Kr learned that Tencent's Youtu Lab has officially open-sourced the agent framework Youtu-Agent, aiming to provide researchers and developers with efficient, user-friendly, and reproducible agent development tools. It is reported that Youtu-Agent is an open-source application framework for real-world scenarios, covering multiple application directions such as file management, data analysis, academic research, and wide-area information summarization. Currently, the Youtu-Agent open-source framework has provided support for multiple product businesses of Tencent Cloud.

Investment and Financing

"SaiRan Medical" Completes a New Round of Financing Exceeding 100 Million Yuan

36Kr learned from the official WeChat account of Boxing Capital that "SaiRan Medical", an innovative enterprise in ophthalmic medical devices, recently announced the completion of a new round of financing exceeding 100 million yuan. This round of financing was jointly led by Qianji Capital and Shunwei Capital, and existing shareholders Boxing Capital and Honghui Fund continued to increase their investments. The funds from this round of financing will be mainly used to advance the in - depth R & D of the company's first self - developed phacoemulsification and vitrectomy integrated machine product line. At the same time, it will further enrich the company's product matrix of ophthalmic surgical equipment, accelerate the import substitution of domestic high - end ophthalmic devices, and promote the process of the company's ophthalmic products going global.

"Azure Engine" Announces Completion of Angel Round Financing

36Kr learned that "Azure Engine", an enterprise specializing in precision agricultural robots, announced the completion of an angel round of financing. The investor in this round is Sinan Navigation. The financing funds will be mainly used for the R & D upgrade and mass production of the company's products, the construction of factories and production lines, as well as market expansion and layout work, so as to accelerate the large - scale application of laser weeding robots in the agricultural field.

Laimou Technology Completes Series A Financing of Tens of Millions of Yuan

36Kr learned that Laimou Technology, a manufacturer of intelligent lawn mowing robots, recently completed Series A financing of tens of millions of yuan. The investors include Ivy Capital, Gobi Partners, Liumai Capital, Skyline Capital, Joy Capital, and Xingfu Capital. Maple Pledge serves as the long - term exclusive financial advisor, continuously providing private equity financing services. The funds will be used for new product R & D iteration, product mass production and delivery, and market - anticipated inventory.

"Weiyi Culture" Completes Multi - million - level Angel Round Financing

36Kr learned that "Weiyi Culture" announced that it recently completed a multi - million - level angel round financing. The investor is Shangjia Investment (Hainan) Co., Ltd. The funds from this round of financing will be used for key businesses such as the development of immersive panoramic projects and the operation of self - owned IPs.

"Yingfan Technology" Completes Hundred - Million - Yuan Series A Financing

36Kr learned that on September 1st, "Yingfan Technology" announced the completion of a strategic Series A financing worth hundreds of millions of yuan. The investors in this round include government industrial guidance funds, diversified industrial investment institutions, and technology supply chain enterprises. The funds raised in this round will be mainly used to increase Yingfan Technology's investment in the field of artificial intelligence applications and deepen the strategic layout of AI - driven enterprise digital growth services in more vertical scenarios.

Compiled | Anya