8:00 am Krypton News: Brazilian Billionaire Leaves 8 Billion Yuan Inheritance to Football Star Neymar, "Anti-fraud Lao Chen" Exposes Fake Moutai with Moutai's Response, Official Statement on "Equipment with 850,000 Yuan Winning Bid Price but Only 299 Yuan Online"

It is understood that the millionaire himself has no children and is single. He chose to bequeath his inheritance to Neymar because he "highly identifies with Neymar on a personal level."

Today's Hotspot Guide

Shigeru Ishiba, the Prime Minister of Japan, decided to resign on the grounds of "not wanting to split the party."

China plans to conduct an impact on an asteroid.

Xinxuan Group responded to the claim that Xinba was taken away for investigation by relevant departments: It's untrue.

OpenAI is expected to generate nearly $10 billion in revenue through ChatGPT this year.

Due to eSIM policy issues, the first - release of Apple iPhone 17 Air may not be available in the Chinese mainland market for now.

Top 3 Big News

Mysterious Brazilian Billionaire Leaves His Entire $8 Billion Estate to Soccer Star Neymar

According to Brazil's "Forum" magazine, a Brazilian billionaire has named soccer superstar Neymar as the sole heir to his entire fortune in his will, even though the two are said to have never met. According to the will, Neymar, 33, will be gifted a huge fortune of over $1 billion. It is reported that the will was officially made on June 12 at a notary's office in Porto Alegre, Brazil, with two witnesses present. Currently, the will still needs to be approved by the Brazilian court before Neymar can be officially recognized as the heir.

It is understood that the billionaire himself has no children and is single, and his health is not very good. He chose to leave his estate worth 6.1 billion Brazilian reais (approximately 8 billion Chinese yuan) to Neymar because he "highly identifies with Neymar on a personal level." (Red Star News)

Moutai Responds to 'Anti - Fraud Lao Chen' Exposing Fake 'Five - Star Moutai': Not Produced by the Company

On September 6, blogger 'Anti - Fraud Lao Chen' posted an 'anti - counterfeiting' video on his personal social media account, claiming that he had bought a sauce - flavored liquor with the packaging labeled 'Five - Star Moutai'. He publicly called on Kweichow Moutai Co., Ltd. to strengthen the management of the counterfeit - selling behavior in some live - streaming rooms. Reporters learned from the market rights - protection hotline of Kweichow Moutai that the product with the words 'Five - Star Moutai' in the video was not produced by the company. The words on the front of regular Moutai products should be 'Kweichow Moutai'. (Yicai Global)

Official Announcement on "Device with a Winning Bid Price of 850,000 Yuan Only Costs 299 Yuan on Online Shopping Platforms"

On September 6, the joint investigation team in Chongqing issued a "Circular on the Investigation of the Procurement Incident of Firewall and DNS Equipment at Chongqing Three Gorges University". The circular shows that Wang Wei, the deputy dean in charge of Chongqing Three Gorges University, and others have been placed under investigation. During the investigation, no situation of interest transfer was found between the winning bidder and Chongqing Three Gorges University or other relevant parties.

Reporters learned that in May this year, the "Announcement of the Winning (Successful Transaction) Result of the Procurement of Firewall and DNS Equipment at Chongqing Three Gorges University (CQS25A00331)" attracted high public attention. The reason is that the "TP-LINK TL - R473G Export Firewall" procured by Chongqing Three Gorges University had a winning bid price of 850,000 yuan per unit, but the price of this model on the official flagship store of TP - LINK on an e - commerce platform was only 299 yuan. (People's Daily)

Big Companies/Big Events

Former CSRC Chairman Yi Huiman is suspected of serious violations of discipline and laws and is under investigation

On September 6, the website of the Central Commission for Discipline Inspection and the National Supervisory Commission released a message stating that Yi Huiman, the deputy director of the Economic Committee of the 14th National Committee of the Chinese People's Political Consultative Conference, is suspected of serious violations of discipline and laws and is currently under disciplinary review and supervision and investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

Public resumes show that Yi Huiman served in the Industrial and Commercial Bank of China system for more than 30 years. After succeeding Liu Shiyu in early 2019, he became the ninth chairman of the China Securities Regulatory Commission (CSRC). At that time, the capital market entered a period of in - depth reform and innovative development. During his five - year tenure, he witnessed many important reforms, such as the opening of the Science and Technology Innovation Board, the opening of the Beijing Stock Exchange, the implementation of the comprehensive registration system, and the promotion of the regular delisting mechanism.

It was not until February 2024 that Yi Huiman, who had just completed his five - year term as the CSRC chairman, stepped down from the position. Four months later, he was added as a member of the 14th National Committee of the Chinese People's Political Consultative Conference and served as the full - time deputy director of the Economic Committee. (Yicai Global)

US Treasury Secretary Says US May Need to Refund Half of Collected Tariffs if Tariffs Are Ruled Illegal

On the 7th local time, US Treasury Secretary Janet Yellen said in an interview with the media that if the US Supreme Court upholds the ruling that the US government's tariff measures are illegal, the US Treasury Department will have to refund about half of the tariffs that have been collected, and the consequence will be "catastrophic." On August 29, the US Court of Appeals for the Federal Circuit ruled that most of the global tariff measures implemented by former US President Donald Trump were illegal and allowed the current tariff policy to remain in effect until October 14 to allow the Trump administration to appeal to the Supreme Court. (CCTV News)

Liaoning Releases Investigation Report on Vomiting and Diarrhea Cases among Shenyang Normal University Students

On September 7, the Shenyang Municipal Disease Prevention and Control Bureau issued a notice: On August 31, the school hospital of Shenyang Normal University successively received a group of students with symptoms such as vomiting and diarrhea. Relevant departments at the provincial and municipal levels in Liaoning, as well as the school, immediately opened a green channel for medical treatment, and formed a medical team to enter the school to carry out mobile medical services and provide classified treatment for the patients.

As of 17:00 on September 7, a total of 2,087 people with gastroenteritis symptoms had been reported. Among them, 1,817 had recovered, and 270 still had gastroenteritis symptoms, all of which were mild cases. After comprehensive research and analysis, it was found that the peak of the outbreak had passed, and the number of newly reported cases per day had shown a significant downward trend. From 17:00 on September 6 to 17:00 on September 7, 25 new cases were reported.

Handled as a Level III public health emergency, through epidemiological investigations, on - site inspections of the water supply system, and laboratory test results, it was comprehensively determined that this incident was a public health emergency caused by the contamination of the self - supplied well reservoir in the third living area of the school by the Norovirus. Currently, closed - loop control measures have been taken for the self - supplied well. The school has coordinated with the water department to fully ensure the water supply for students and has started to organize the project to connect to the municipal water supply network. (CCTV News)

Japanese Prime Minister Ishiba Shigeru Announces Resignation

At around 6 p.m. local time on the 7th, Japanese Prime Minister and Liberal Democratic Party (LDP) President Ishiba Shigeru held an emergency press conference at the Prime Minister's Official Residence and announced his decision to resign as the LDP president. Ishiba Shigeru said that he had informed the LDP Secretary - General of the relevant procedures for the interim presidential election. He will fulfill his responsibilities until a new president is elected. (CCTV News)

China Plans to Conduct an Impact on an Asteroid

The 3rd International Conference on Deep Space Exploration (Tiandu) has just concluded in Hefei, Anhui. Wu Weiren, the chief designer of China's Lunar Exploration Program, the director and chief scientist of the Deep Space Exploration Laboratory, introduced that in the near future, China will carry out an asteroid kinetic impact verification mission, and evaluate the defense effect through observation, impact and joint monitoring. Near-Earth asteroids are one of the most potentially threatening celestial bodies in the solar system. The probability of their impact on the Earth is extremely small, but the destructive power is huge. (Xinhua News Agency)

Xiaomi's Wang Hua Responds to "300,000 Hours of Mobile Phone Testing": It's the Cumulative Duration of Thousands of Test Phones and a Standard Industry Statement

On September 6, Wang Hua, the general manager of Xiaomi Group's public relations department, posted a message saying, "The so - called 300,000 hours of testing is itself a standard industry statement. It means that for a single model of mobile phone, thousands of test phones are used simultaneously to simulate usage scenarios for several months, and this is the cumulative total duration."

It is understood that this controversy stems from Lei Jun's previous introduction of Xiaomi's mobile phone testing process. He mentioned that each new mobile phone model needs to undergo more than 300,000 hours of testing before its launch. After the relevant content was recently dug out, it caused public misunderstanding. Some netizens simply converted this duration into the running time of a single device and reached the conclusion of "34 years", questioning the authenticity of the data. (Daily Economic News)

Xinxuan Group Responds to Report of Xinba Being Taken Away for Investigation by Relevant Authorities: It's Not True

On September 6, there were reports that Xinba (Xin Youzhi), the founder of Xinxuan Group, was taken away for investigation by relevant authorities, and then Xinba unexpectedly went to Hong Kong. In response to the above news, a relevant person from Xinxuan Group said: It's not true. (National Business Daily)

OpenAI is expected to generate nearly $10 billion in revenue through ChatGPT this year

According to a report by Cailian Press on September 6, OpenAI is expected to see its revenue in 2030 be about 15% higher than previously forecast. It is estimated to spend over $8 billion this year, about $1.5 billion more than the previous forecast. OpenAI is expected to generate nearly $10 billion in revenue through ChatGPT this year, and its total revenue for this year is projected to reach $13 billion. (Cailian Press)

EU Fines Google €2.95 Billion, Trump Responds

On September 5 local time, US President Trump posted on his social media platform "Truth Social", criticizing the EU for fining Google $3.5 billion. He said this move was "extremely unfair" and that it was plundering funds that should have been used for US investment and employment. Trump warned that if Europe continued to take similar measures against US tech giants, he would be forced to initiate the "Section 301" procedure to overturn these "unfair penalties" to protect the interests of US tax - paying enterprises.

Previously, on the 5th local time, the European Commission announced that it would fine US tech giant Google €2.95 billion (approximately $3.5 billion) because the company had abused its dominant position in the advertising technology market, damaging the competitive environment. (Jiemian News)

Peak Travel to Russia Expected During National Day Holiday

On September 5, according to CCTV News, Russian President Vladimir Putin stated at the plenary session of the Eastern Economic Forum that Russia will also implement a reciprocal visa - free policy for Chinese citizens in response to this friendly measure from China. Within one hour after the release of the news about the possible reciprocal visa - free policy for Chinese citizens in Russia, the instant search volume of Russian tourism products on the Tongcheng Travel platform increased by more than six times compared with the previous period. (Yicai Global)

Due to eSIM policy issues, the initial launch of Apple's iPhone 17 Air may not include the Chinese mainland version

According to Sina Tech, the initial launch of Apple's iPhone 17 Air will not include the Chinese mainland version due to eSIM policy issues. However, Apple has stocked up on inventory and the device will be launched as soon as the policy is implemented. The iPhone 17 Air has removed the SIM card configuration due to its ultra-thin body.

Previously, it was reported that digital blogger Chills Yaya revealed that China Unicom's headquarters had recently issued a notice to provide business support for Apple's eSIM project. Combining with the rumor that Apple's brand-new iPhone 17 Air model will fully implement eSIM this year, it is predicted that China Unicom's move is at least in preparation for this new device. According to previous revelations, the Apple iPhone 17 Air is limited by its ultra-thin 5.5mm body, and the SIM card slot has been completely removed from the internal design. For the other three models in the iPhone 17 series for the Chinese mainland market, there is no 100% confirmed information yet. They may still be equipped with physical SIM card slots or the SIM card slots may be completely removed. (Sina Tech)

"Unable to pay 15,000 yuan in labor arbitration funds", self-driving company Zhongzhixing has entered the bankruptcy process and is out of contact

Recently, the bankruptcy liquidation of Zhongzhixing Technology Co., Ltd. was accepted by the court. The ruling shows that Zhongzhixing was unable to pay 15,000 yuan in labor arbitration funds and was applied for bankruptcy liquidation to pay off debts, entering the "execution-to-bankruptcy" process. The company was founded by Wang Jin, the former senior vice president of Baidu, the first general manager of Baidu's self-driving business unit, and the founder of WeRide. It focuses on the L4-level self-driving field. Industry insiders pointed out that Zhongzhixing's difficulties are related to the technical route it chose and the current environment of the ebbing of self-driving investment. Vehicle-road cooperation is difficult to achieve in the short term, and commercialization is difficult. Investors cannot see returns, and even Wang Jin has to leave dejectedly. (NBD)

SHEIN Responds to Allegations of Tax Evasion in the UK: The Accusations Are Seriously Unfounded

Recently, The Guardian in the UK published a report alleging that SHEIN was involved in tax evasion in the UK. In response, SHEIN stated, "The company complies with relevant laws and regulations in all its global operating locations and pays taxes in accordance with the law. Both the internal and external independent audit institutions of the company regularly conduct audit supervision to ensure compliance. These accusations are seriously unfounded."

Meanwhile, SHEIN also said, "We have also noticed that some domestic MCN agencies, self - media accounts and others frequently repost and publish a large amount of information to spread rumors and smear the enterprise, which slurs the company's overseas expansion. The company will initiate relevant legal proceedings." (Sina Technology)

Tesla Launches Official Weibo Account "TeslaAI": First Post Shows Humanoid Robot "Optimus 3"

Tesla has now launched an official Weibo account named "TeslaAI", verified as the "official Tesla account". The account's bio states that it is mainly used to introduce AI products such as "Tesla's humanoid robots, intelligent assisted driving, Robotaxi driverless ride - hailing services, and Coetex computing clusters". Currently, it has posted its first Weibo, which mainly showcases the appearance of Tesla's humanoid robot. According to the reference pictures, the robot has the Tesla logo printed on it and features a light - gold/black color scheme. It should be the previously exposed "Optimus 3 humanoid robot". (IT Home)

Gurman: Apple Plans to Launch Apple Intelligence in China by the End of the Year

According to Mark Gurman's "Power On" newsletter released today, Apple is continuing to advance its plan to launch Apple Intelligence in China, and it is expected to go live by the end of the year. IT Home noted that the report said Apple is collaborating with Alibaba and Baidu and plans to introduce Apple Intelligence to the Chinese market through iOS 26.1 or iOS 26.2 by the end of the year.

It is reported that Apple is organizing its employees in China to test the relevant features and continuously promoting the implementation of the technology with Alibaba and other partners. It should be noted that Apple has regarded this technology as one of the core selling points of the iPhone 17. (IT Home)

WM Motor Announces Resumption of Production in September and Prepares for IPO in Two Years

On September 6th, WM Motor released the "White Paper to Suppliers" (hereinafter referred to as the "White Paper") through its official WeChat account, announcing that after many setbacks, the company is about to resume production and has formulated a development plan from 2025 to 2030. Shenzhen Xiangfei Automobile Sales Co., Ltd., as the restructuring investor and new shareholder of WM Motor, issued an initiative to suppliers, hoping that they would cooperate with WM Motor in resuming production.

It is worth noting that the "White Paper" reveals the resumption of production and future development plan of the new WM Motor. In the revival stage (2025 - 2026), the new WM Motor plans to resume the production of EX5/E.5 models this September, ensure an annual production and sales volume of 10,000 vehicles, strive to achieve a production and sales volume of 20,000 vehicles, and layout a KD factory in Thailand to explore the Southeast Asian and Middle Eastern markets. It plans to produce 100,000 vehicles in 2026. In the development stage (2027 - 2028), the target annual sales volume will jump from 250,000 to 400,000 vehicles. At the same time, high - level assisted driving models will be mass - produced, and the entire R & D, production, and marketing chain will be empowered by AI, and preparations for an IPO will be launched. In the leap - forward stage (2029 - 2030), it plans to challenge the goal of an annual production volume of 1 million vehicles and an operating income of 120 billion yuan in 2030. (Securities Times)

IPO in Progress

Horizon Robotics

On September 5th, the official website of Horizon Robotics showed that Horizon Robotics, which recently passed the Hong Kong stock listing hearing, officially launched its global issuance plan. Specifically, Horizon Group launched a global offering of 17 million Class B shares. The maximum offering price in Hong Kong is HK$228.00 per share or US$29.04. Meanwhile, the company's Class B common stocks will achieve dual primary listing on the Main Board of the Hong Kong Stock Exchange, with the stock code "2525". The company has signed cornerstone investment agreements with HHLR Advisors (an institution under Hillhouse Group), Taikang Life Insurance, WT Asset Management, Grab, HTC Group, and Commando Global Fund.

The Cutting - Edge of AI

Elon Musk Says an Epic Chip Will Be Launched, Expected to Be the Best AI Chip So Far

Elon Musk, the founder of Tesla, posted on social media on September 7th that he had an excellent design review with the Tesla AI5 chip design team today. This will be an epic chip, and the upcoming AI6 is expected to be the best AI chip so far. (Securities Times)

Alibaba's Tongyi Qianwen Releases Qwen3-Max-Preview

Tongyi Qianwen, under Alibaba, has launched Qwen3-Max-Preview (Instruct). With a parameter count reaching 1T, it is the largest model to date, achieving significant enhancements in dimensions such as Chinese and English comprehension, complex instruction following, and tool invocation, while substantially reducing knowledge hallucinations. (STAR Market Daily)

Investment and Financing

FAW Bestune Completes Capital Increase of Over 8.5 Billion Yuan

According to Cailian Press, it was learned from the Beijing Equity Exchange that the capital increase project of FAW Bestune Automobile Co., Ltd. was completed on September 5th. Among them, Jiangsu Yueda Automobile Group Co., Ltd. invested 1.71 billion yuan. The investment platform under the Agricultural Bank of China, ABC Financial Asset Investment Co., Ltd., China Telecom Corporation Limited, and Nanjing Horizon Information Technology Co., Ltd. invested 1 billion yuan, 500 million yuan, and 100 million yuan respectively. China FAW Group Co., Ltd. simultaneously increased its capital by 5.24 billion yuan. After the capital increase, China FAW and FAW Equity Investment (Tianjin) Co., Ltd. hold a total of 79.0394% of the shares. In this capital increase, FAW Bestune raised a total of 8.55 billion yuan, which will be mainly used for new - energy technology R & D, intelligent manufacturing upgrading, and channel ecosystem construction, etc. (Cailian Press)

Cool Products

Samsung Deploys First High-NA Extreme Ultraviolet Lithography Machine

Samsung installed its first high numerical aperture (High-NA) EUV (extreme ultraviolet lithography) machine in March this year for the production of 1.4-nanometer chips. When developing and finally mass-producing wafers below 2 nanometers, Samsung's purchase of high-NA EUV machines from ASML is an expensive investment, with each machine costing approximately $400 million. (STAR Market Daily)

Ningde Times Unveils New Technology

On September 7th, Ningde Times launched the NP3.0 (No Propagation 3.0) technology platform with the highest safety level in the battery field for the first time in Munich, Germany, and officially released its first lithium iron phosphate power battery product equipped with this technology - Shenxing Pro. According to Ningde Times, this technology can prevent open flames and smoke during thermal runaway, avoiding secondary accidents caused by blocked vision. (Yicai Global)

Compiled | Chi Yu

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