36Kr Evening News | Saudi Aramco asks Asian buyers to increase crude oil liftings in October; Goldman Sachs CEO: Goldman Sachs is set to have its busiest IPO week in more than four years; Zao Fu Technology, a subsidiary of Hello Inc., unveils its Robotaxi model
Large Companies:
36Kr learned that on September 11, the Security and Trust Center of Douyin E-commerce issued an announcement on the special governance of "selling low-value products at high prices". The announcement stated that individual violating merchants mislead consumers into placing orders for originally low-value products through means such as inflated pricing, advertising promotion, and false publicity. Since the launch of the special governance in September this year, the platform has removed and banned 23,000 relevant violation products and dealt with 41 merchants. Douyin E-commerce said that it will continue to improve the governance mechanism, strengthen inspection and control, and effectively ensure that consumers can shop with confidence.
36Kr learned that according to the Aiqicha App, recently, Huachuang Green Energy (Yushu) Technology Co., Ltd. was established. The legal representative is Ding Chunxing, with a registered capital of 20 million yuan. The business scope includes the research and development of emerging energy technologies, wind power generation technology services, solar power generation technology services, energy storage technology services, biomass fuel processing, etc. The equity penetration map shows that the company is jointly held by Huaneng New Energy Co., Ltd., a subsidiary of China Huaneng Group Co., Ltd.
WeRide's Autonomous Minibus Robobus Lands in Belgium
36Kr learned that the autonomous driving technology company WeRide announced that its autonomous minibus Robobus (hereinafter referred to as "WeRide Minibus") has landed in Leuven, Belgium, marking that WeRide has officially opened the market in the 11th country in the world and further expanded its European business map after France, Spain, and Switzerland. The project is carried out in cooperation between WeRide, the public transportation company De Lijn in Flanders, the Leuven City Government, and the travel consulting agency Espaces-Mobilités.
Anta Brands Plans to Open 1,000 Stores in Southeast Asia in the Next Three Years
Anta Group announced at an event in Singapore that it plans to achieve the goal of opening 1,000 Anta brand stores in Southeast Asia in the next three years. In the first half of 2025, the business turnover of Anta brands in Southeast Asia nearly doubled year-on-year. Anta Group also set up its Southeast Asian headquarters in Singapore and will gradually expand to surrounding markets such as South Asia, Australia, and New Zealand in the future. (Jiemian) Original Link
36Kr learned that Chinese Online issued an announcement. Shenzhen Litong, a shareholder holding 4.49% of the shares, plans to reduce its holdings of 7.285 million shares of the company (accounting for 1% of the total share capital of the company) through centralized bidding or block trading; Shanghai Yuewen, a shareholder holding 4.49% of the shares, also plans to reduce its holdings of 7.285 million shares of the company (accounting for 1% of the total share capital of the company) through centralized bidding or block trading.
Bio-Thera Solutions: Received a $5.4 Million Milestone Payment from Intas Recently
36Kr learned that Bio-Thera Solutions issued an announcement. Previously, the company signed a licensing and commercialization agreement with Intas Pharmaceuticals Ltd. (hereinafter referred to as "Intas"), granting Intas the exclusive commercialization rights of the company's BAT2506 (golimumab) injection in the US market for a fee. The company recently received a $5.4 million milestone payment from Intas (after deducting $600,000 for withholding corporate income tax, and the actual received amount needs to deduct bank handling fees), totaling 38.3584 million yuan.
Citigroup Raises Oracle's Target Price Twice in Two Days, Latest to $410
Citigroup upgraded Oracle's rating from neutral to buy and raised the target price from $240 to $410, still with a 25% upside potential. On September 9, Citigroup raised Oracle's target price from $196 to $240. (Caixin)
Investment and Financing:
36Kr learned that CSSC issued an announcement that the company's share swap and merger of CSSC Heavy Industries and related transactions have been completed. A total of 3.053 billion new shares will be issued, and the listing date is September 16, 2025. 1.454 billion shares obtained by CSSC Group, CSSC Holdings, etc. through share swap cannot be transferred within 6 months from the end of the issuance.
36Kr learned that according to the Aiqicha App, recently, Wuxi Guolian Tongzhi Technology Industry Investment Partnership (Limited Partnership) was established. The executive partner is Guolian Tongbao Capital Investment Co., Ltd., with a capital contribution of 1.22 billion yuan. The business scope includes venture capital, investment activities with self-owned funds, etc. The partner information shows that the enterprise is jointly funded by Guolian Tongbao Capital Investment Co., Ltd. and Guolian Life Insurance Co., Ltd.
New Products:
Kodiak Robotics Delivers the First Factory-Mass-Produced Autonomous Truck
Kodiak Robotics announced on Wednesday that it has delivered the first autonomous truck directly manufactured through the factory production line. Roush Industries, a supplier serving the mobile travel, aerospace, defense, and theme park industries, completed the modification of the truck equipped with Kodiak's virtual driving system at its factory in Livonia, Michigan. The truck was then delivered to Atlas Energy Solutions in August. (Sina Finance)
Zao Fu Technology Under Hello Inc. Launches a Robotaxi Model
36Kr learned that according to the official Weibo account of Alibaba Cloud, Zao Fu Intelligent Technology under Hello Inc. launched its Robotaxi for the first time at the Shanghai Bund Summit. The new car will be equipped with a base model and a cockpit AI Agent jointly developed with Alibaba Cloud.
Shanghai Adds 9 Newly Registered Generative AI Services
36Kr learned that according to the Shanghai Cyberspace Administration, as of September 11, Shanghai has added 9 newly registered generative AI services, with a cumulative total of 114 registered generative AI services.
Today's Views:
BOE said at a performance briefing on September 11 that since June, the prices of LCDs, especially TV prices, have been under some pressure. Some peer companies have announced maintenance plans, and BOE will also consider appropriate maintenance plans according to its own demand. On the one hand, it can complete the internal maintenance of the company's factories, and on the other hand, it can ensure the relative stability of the market. (Securities Times)
Diana Birkett Rakow Will Become the CEO of Hawaiian Airlines
Alaska Air Group announced on September 10 that Diana Birkett Rakow, the senior vice president of public affairs and sustainability at Alaska Airlines, will become the CEO of Hawaiian Airlines on October 29, succeeding Joe Sprague, who will retire. (Jiemian)
Goldman Sachs CEO: Goldman Sachs Will Have the Busiest IPO Week in More Than Four Years
David Solomon, the CEO of Goldman Sachs Group, said in an interview with CNBC on Wednesday that Goldman Sachs will have the busiest initial public offering (IPO) week since July 2021. Before he made this statement, the Swedish "buy now, pay later" lender Klarna had achieved its long-awaited listing in New York earlier that day, laying the foundation for more fintech companies willing to go public to start their IPOs. (Sina Finance)
Kevin Corbally, the Chief Risk Officer of ANZ Bank, Resigns
ANZ Bank announced on September 11 that Kevin Corbally, the chief risk officer, has resigned but will remain with the bank. According to the statement, Corbally will become the managing director of the capital management institution and report to Mark Whelan, the institutional head of the company. (Jiemian)
Recently, Quark, an AI application under Alibaba, launched an "education program", but some overseas students in China reported that they could not complete identity verification and receive relevant benefits, which caused controversy. On September 11, Quark issued a response saying that in principle, overseas students in China can complete the certification through the China Higher Education Student Information and Career Center and enjoy the same education program benefits as domestic students. However, in actual operation, there may be a time lag in the enrollment information entry of some universities, which may lead to certification failure. In case of such situations, it is recommended to contact the relevant departments of the university to confirm the information update. Quark has now started the development of a new certification channel to cover every teacher and student as much as possible.
Other Noteworthy News:
Saudi Aramco Asks Asian Buyers to Increase Crude Oil Lifting in October
According to three people familiar with the matter, Saudi Aramco, the world's largest oil exporter, has asked Asian buyers to lift more crude oil in October after Saudi Arabia cut the prices of all grades of crude oil by more than expected amid increasing supply. Two sources said that in order to regain market share, Saudi Aramco had off-site exchanges with Asian buyers during the Asia-Pacific Petroleum Conference (APPEC) in Singapore this week to encourage them to increase their lifting volume in October. One of the sources said that this move has, to some extent, led to a delay in the allocation of crude oil supply in October, and it may not be completed until next week. (Sina Finance)
Guangdong Introduces 23 Measures to Accelerate the High - Quality Development of Inbound Tourism
36Kr learned that recently, the Department of Culture and Tourism of Guangdong Province, in conjunction with multiple departments such as the Publicity Department of the Provincial Party Committee, the Foreign Affairs Office of the Provincial Party Committee, and the Public Security Department, jointly issued the "Several Measures to Accelerate the High - Quality Development of Inbound Tourism" (hereinafter referred to as the "Measures"), aiming to implement the spirit of the provincial tourism development conference and promote the high - quality development of inbound tourism. The "Measures" include six major aspects and a total of 23 measures, such as optimizing visa and customs clearance policies, promoting in - depth integration of aviation and tourism, enriching the supply of inbound tourism products, improving the comprehensive services of inbound tourism, strengthening integrated publicity and targeted marketing, and enhancing the opening and management level of cultural and tourism venues. The "Measures" propose to continuously promote the implementation of the "buy now, refund later" facilitation measures, encourage and guide more merchants to become tax - refund stores, and promote the transformation of inbound tourist flows into consumption booms.