Krypton Evening News | Tencent Yuanbao is fully launched in the comment sections of official accounts and video accounts; Nanjing Wahaha Hongzhen Drinking Water Co., Ltd. under Zong Fuli's name plans to be deregistered; Taobao Flash Sale and Ele.me are doing group-buying, competing with Gaode on two fronts.

Large companies:

Taobao Flash Sale and Ele.me Launch Group - Buying Services, Competing with Amap on Two Fronts

It is understood that 10 days after Amap released its street - sweeping list, Taobao Flash Sale and Ele.me will launch in - store merchant group - buying services, with a priority on food and beverage group - buying. On September 20th, Taobao Flash Sale's group - buying service will start pilot operations in multiple core business districts in Shanghai, Shenzhen, and Jiaxing. After that, it will be gradually launched in first - and second - tier cities across the country. That day is Saturday, which is the peak order day of Taobao Flash Sale's instant home - delivery service in a week, and it can also catch up with the peak passenger flow during the National Day Golden Week, competing with the group - buying services of Meituan and Dianping. (LatePost)

Meituan's Online Catering Stores Upgraded with New "Freshly Cooked on the Spot" Information Display Section

36Kr learned that on September 19th, some consumers reported that there were some restaurants on the Meituan and Dianping apps that promised to "cook hot dishes freshly on the spot". In response, the relevant product manager of Meituan's catering business said that the information section for restaurants' "freshly cooked hot dishes on the spot" is currently in the pilot stage. The main purpose is to meet consumers' right to know about store information. At the same time, it also helps merchants who offer "freshly cooked on the spot" dishes to better and more comprehensively present their restaurants to consumers online. After the official launch, stores can post information about their "freshly cooked hot dishes on the spot" at any time through the merchant background to show consumers the dynamics of the kitchen.

CATL Locks in Supply with a 1.5 Billion Yuan Advance Payment, Fuling Precision Industry Soars Nearly 8%, Company Responds

Early in the trading session, the stock price of Fuling Precision Industry soared nearly 8%. According to the news, on September 18th, Fuling Precision Industry announced that its controlling subsidiary, Jiangxi Shenghua, had signed an "Advance Payment Agreement" with CATL. A relevant person from Fuling Precision Industry responded that currently, the company's high-compaction-density lithium iron phosphate cathode material products are favored by high-end customers, with the main customer being CATL. If the advance payment agreement is successfully implemented in the future, as production capacity continues to increase and sales orders expand, the scale effect of the production line will also become more prominent, thus having a positive impact on the lithium battery material business. (21st Century Business Herald)

South Korea's overseas direct investment in the second quarter was $14.15 billion, down 13.4% year-on-year

South Korea's Ministry of Economy and Finance said on Friday that South Korea's overseas direct investment in the second quarter fell 13.4% year-on-year, mainly due to the intensifying uncertainty in the global economy. Data showed that from April to June this year, the total overseas direct investment of South Korean enterprises was $14.15 billion, compared with $16.34 billion in the same period last year. (Sina Finance)

The number of employees of South Korea's four major business groups in South Korea has reached nearly 750,000

Industry data released on Friday showed that South Korea's four major business groups hired nearly 750,000 employees domestically last year, with Samsung Group and Hyundai Motor Group leading the way in expanding their workforce. The CXO Research Institute, a corporate tracking agency, cited data from the South Korean Fair Trade Commission, saying that the four major groups of Samsung, Hyundai Motor, SK, and LG employed a total of 746,436 employees in South Korea in 2024, a 6.9% increase from 698,526 in 2020. (Sina Finance)

Dreame's First Smartphone, Dreame Space, Has Secured Overseas Orders Worth Hundreds of Millions

36Kr learned that on September 19th, Dreame Technology announced that its first smartphone, Dreame Space, had secured pre - order sales worth over hundreds of millions in overseas markets before its official release.

Nanjing Wahaha Hongzhen Drinking Water Co., Ltd. under Zong Fuli's name intends to be deregistered

36Kr learned that the Aiqicha App shows that recently, Nanjing Wahaha Hongzhen Drinking Water Co., Ltd. added a simple deregistration announcement. The announcement period is from September 10th to September 29th. The company was established in January 2015, with Zhu Lidan as the legal representative. The registered capital is 25 million yuan. Its business scope includes the production and sales of food, etc. It is wholly owned by Wahaha Commercial Co., Ltd. The information of the ultimate beneficiary shows that Zong Fuli is the actual controller of the company.

CarCool Initiates IPO Counseling

36Kr learned that Shenzhen CarCool Technology Co., Ltd. has obtained the record for listing counseling and plans to conduct an IPO on the A-share market. The counseling institution is Industrial Securities. The company mainly engages in automotive emergency starting power supplies, start-stop lithium batteries, and energy storage power supplies.

Tencent Yuanbao Fully Launched in the Comment Sections of Official Accounts and Video Accounts

36Kr learned that Tencent Yuanbao has been fully launched in the comment sections of official accounts and video accounts. It has the ability to perceive and respond to users' emotions, understand the emotional tendencies behind users' questions, and provide responses from the users' perspective.

Lei Jun Responds to Xiaomi's Recall: OTA Major Autumn Version Upgrade

36Kr learned that on September 19th, according to the official website of the State Administration for Market Regulation, Xiaomi recalled 117,000 standard - version SU7 vehicles, which topped the hot search list. Xiaomi Auto Technology Co., Ltd. will use the Over - the - Air (OTA) technology to upgrade the software of the vehicles within the recall scope for free to eliminate potential safety hazards. Just now, Lei Jun posted on Weibo, stating that Xiaomi Auto's OTA major autumn version upgrade will start today, and the Xiaomi SU7 and YU7 will be upgraded simultaneously.

Lidar companies actively develop their second growth curve

Experts said that as various automobile manufacturers have shifted their marketing focus for intelligent driving functions from "high - level intelligent driving" that emphasizes autonomous decision - making ability to "assistive driving functions" that emphasize safety assurance, lidar, as a safety guarantee, has once again become a "standard product" that automobile brands strive to promote. In addition, the robot market has brought new incremental space and broad prospects to the lidar industry. Leading lidar manufacturers have gradually formed leading advantages in terms of scale, cost, and mass - production rhythm. The industry is entering a golden period of "simultaneous increase in volume and price." (China Securities Journal)

Investment and financing:

Zhanxin Electronics Secures Over 1 Billion Yuan in Series C Financing

Recently, Zhanxin Electronics, a provider of silicon carbide (SiC) power devices and chip solutions, announced the completion of its entire Series C financing round, with a total financing amount exceeding 1 billion RMB. The industrial and commercial change procedures were completed recently. The Series C financing was led by the National Development and Reform Commission's Manufacturing Transformation and Upgrading Fund, with follow - on investments from CICC Capital, Beijing Green Energy and Low - Carbon Industry Fund, Guoji Guofang, SDIC IC Fund, Golden Stone Investment, Haiwang Capital, and Xinxin. It is a joint investment by national - level funds and well - known investment institutions. This financing will be mainly used for Zhanxin Electronics' expansion of its own silicon carbide (SiC) production capacity, product R & D, operation, and market promotion to further enhance product performance and market competitiveness.

New Products:

Tencent Launches Professional AI 3D Workbench, Hunyuan 3D Studio

36Kr learned that on September 19th, Tencent announced that the Hunyuan 3D AI creation engine has been upgraded, and the professional AI workbench, Hunyuan 3D Studio, specially designed for 3D designers, game developers, modelers, etc., was officially launched. It is understood that based on the Hunyuan art - level 3D generation model PolyGen, Hunyuan 3D Studio has upgraded its low - poly topology function and added low, medium, and high polygon count controls to meet users' diverse needs for model polygon counts.

Today's Views:

CITIC Securities: It is expected that the earnings growth rate of Hong Kong stocks will reach an inflection point in the second half of the year

36Kr learned that according to CITIC Securities, the earnings of Hong Kong stocks bottomed out and stabilized in H1 2025, achieving positive growth. Meanwhile, the net profit margin and ROE remained at a high level in the current stage, and the operating efficiency was stable. By industry, the technology, pharmaceutical, and raw materials sectors were highly prosperous, supporting the earnings of Hong Kong stocks in the first half of the year. The earnings of the non-banking and some consumer sectors also showed positive trends. However, there were still earnings pressures in the energy, public utilities, real estate industry chain, and most consumer sectors. Combining the earnings expectations before and after the earnings report disclosure, the earnings outlook for Hong Kong stocks is positive. Moreover, our calculations show that the earnings growth rate of Hong Kong stocks will reach an inflection point in H2 2025. It is expected that the raw materials, healthcare, and technology sectors will continue to maintain high prosperity and their expectations will be revised upwards. It is also expected that some sectors with low prosperity in the first half of the year, such as energy and essential consumer goods, will also see an earnings reversal in the second half of the year.

Other news worthy of attention:

Alibaba.com will set up cross - border entrepreneurship incubation centers for college students across the country

36Kr learned that local governments in multiple regions will cooperate with Alibaba.com to jointly establish a number of cross - border entrepreneurship incubation centers, supporting college students in various places to use the latest AI products to start B2B cross - border e - commerce businesses with lower thresholds. On September 19th, the first cross - border entrepreneurship incubation center was officially inaugurated in Guangzhou, and more will be established in Hangzhou, Changsha, Taiyuan, Linyi and other places. It is understood that college student entrepreneurship teams that settle in the incubation centers will receive full - cycle entrepreneurship support jointly provided by the government and platform enterprises. Currently, 100 teams have already obtained free access to the platform for the first year, free use of Alibaba.com's AI products for one year, as well as full exemption from office space rent, fast business license processing, product selection matching and other forms of support. It is expected that a total of 1000 college student teams will be assisted in going global through practical operations throughout the year.

Ministry of Ecology and Environment: China has built the world's largest carbon emission trading market

Huang Runqiu, Minister of the Ministry of Ecology and Environment, introduced at a press conference themed "High - quality Completion of the 14th Five - Year Plan" series held by the State Council Information Office on September 19 that during the 14th Five - Year Plan period, China has taken new steps in green and low - carbon development. China has built and stably operated the world's largest carbon emission trading market, covering more than 60% of the country's carbon emissions, and launched a voluntary greenhouse gas emission reduction trading market. The internal driving force and innovation vitality for green development have been significantly enhanced. (Xinhua News Agency)