9:00 am, 1 Krypton News: Xiaomi Recalls Over 110,000 SU7 Vehicles, Zhai Xinxin Case: Guilty of Extortion and Sentenced to 12 Years, Yunhaiyao Founder Dies at 40

Xiaomi Auto Technology Co., Ltd. will use the over-the-air (OTA) technology to upgrade the software of the vehicles within the recall scope free of charge.

Today's Hotspot Guide

Six years after the fire, the bell tower of Notre-Dame de Paris will reopen to tourists for the first time.
Pangdonglai responds to the issue of "the shortbread was picked up on the 10th and produced on the 11th".
33,000 employees of Jaguar Land Rover have stopped work and production.
Nanjing Wahaha Hongzhen Drinking Water Co., Ltd. under Zong Fuli's name plans to be deregistered.
Mark Zuckerberg: I'd rather waste hundreds of billions of dollars than fall behind in the AI field.

Top 3 Big News

Xiaomi Announces Recall of 116,887 Standard Versions of SU7

36Kr learned that according to the State Administration for Market Regulation, Xiaomi Auto Technology Co., Ltd. has filed a recall plan with the State Administration for Market Regulation in accordance with the requirements of the "Regulations on the Recall of Defective Automobile Products" and the "Measures for the Implementation of the Regulations on the Recall of Defective Automobile Products." It has decided to recall some standard - version electric vehicles of the SU7 produced from February 6, 2024, to August 30, 2025, a total of 116,887 vehicles, starting from today. Xiaomi Auto Technology Co., Ltd. will use over - the - air (OTA) technology to upgrade the software of the vehicles within the recall scope for free to eliminate potential safety hazards.

Zhai Xinxin Case Verdict: Convicted of Extortion, Sentenced to 12 Years

On September 19, 2025, the People's Court of Haidian District, Beijing, publicly pronounced the verdict in the criminal incidental civil lawsuit against the defendant Zhai Moumou, who was suspected of extortion. Zhai Moumou was sentenced to 12 years in prison for extortion and fined RMB 100,000. The court also ordered Zhai Moumou to compensate the plaintiffs in the incidental civil lawsuit, including Wei Moumou, a total of more than RMB 70,000 in economic losses.

After trial, the court held that the defendant Zhai Moumou's actions constituted the crime of extortion, with an extremely large amount involved. The evidence in the case showed that the marriage between Zhai Moumou and Su Moumou only lasted for 42 days, and the two had no joint marital property. What Zhai Moumou demanded was Su Moumou's personal property. Zhai Moumou had no basis for civil claims for compensation or damages at the time of divorce and carried out extortion to obtain property. The court comprehensively considered the nature, circumstances, and social harm of Zhai Moumou's crime and imposed a sentence in accordance with the law. The compensation claims of the plaintiffs in the incidental civil lawsuit, including Wei Moumou, were in line with the law and were all supported by the court. (21st Century Business Herald)

Founder of Yunhaiyao Dies Suddenly of Acute Myocardial Infarction at the Age of Only 40

On September 19th, it was reported that Zhao Han, the co-founder and chairman of the well - known chain catering brand Yunhaiyao, died of sudden acute myocardial infarction at Kunming Tongren Hospital on September 18th after ineffective treatment. He was only 40 years old. According to the obituary issued by Zhao Han's family, the body farewell ceremony is scheduled to be held at 11:00 on September 20th in the "Shenyuan Hall" of Kunming Funeral Home. After The Paper called Kunming Funeral Home, it was confirmed that the above news was true. Public information shows that Zhao Han graduated from the School of Chinese Classics at Renmin University of China. In 2009, he co - founded Yunhaiyao with his cousin Lü Zhitao, friend Zhu Haiqin and others, bringing Yunnan cuisine out of Yunnan and developing it into a well - known national catering brand. He was committed to inheriting Yunnan's food culture and promoting the development of Yunnan's food ingredient industry, and had won honors such as the "Xingdian Talent Award". (The Paper)

Big Companies/Big Events

Dreame Technology Says It Will Soon Launch Its First Smartphone and Has Secured Hundreds of Millions in Overseas Orders

36Kr learned that on September 19th, Dreame Technology announced that its first smartphone, the Dreame Space, has secured over hundreds of millions in pre - order sales in overseas markets even before its official release. Previously, Yu Hao, the founder of Dreame Technology, stated in an internal speech that Dreame would enter the mobile phone market and firmly pursue a high - end strategy, targeting the market segment above 5000 yuan, aiming to form a "tripartite confrontation" with Huawei and Xiaomi. He emphasized that Dreame has significantly outpaced traditional cleaning appliance competitors such as Ecovacs and Roborock and is comprehensively laying out the "Human - Vehicle - Home - Universe" ecosystem.

Six years after the fire, the bell towers of Notre-Dame de Paris will reopen to tourists for the first time

After the fire in 2019, the north and south bell towers of Notre-Dame de Paris, which have been restored, will open to tourists for the first time on September 20. To celebrate the reopening, French President Emmanuel Macron will climb to the top on the morning of September 19. According to relevant data, the restoration of the two bell towers is part of the second phase of the Notre-Dame de Paris restoration project, costing approximately 552 million euros. Since the 2019 fire, about 2,000 craftsmen have participated in the restoration, including reconstructing the roof truss, restoring the spire and repairing the great organ. Notre-Dame de Paris officially reopened in December 2024, and the restoration of parts such as the apse will continue. (Yicai Global)

Fat Donglai Responds to "Mooncakes Collected on the 10th and Produced on the 11th": There is No Phenomenon of Printing Production Dates in Advance

Recently, a netizen posted on a social platform, claiming that "there is a problem with the production date of Fat Donglai's mooncakes." According to the netizen, they purchased red bean and egg yolk mooncakes from Fat Donglai online on September 9th. The logistics information showed that the package was collected on the 10th, but the production date on the outer packaging of the received product was "September 11th".

In response to this incident, on the afternoon of September 18th, Fat Donglai released an investigation report on this event. The report shows that Fat Donglai stated that the customer placed an order on the WeChat mini - program "Donglai Preferred Supermarket" on September 9th. On September 10th, the courier normally received the order and completed the actions of package collection and departure from the warehouse on the courier PDA. When actually shipping, it was found that there were defects in the outer packaging of some mooncake combinations, which did not meet the product shipping standards, so the physical goods of this order were not sent out that day. On September 11th, after the warehouse received the goods, this order was packed and handed over to the courier for shipment. The production date of the mooncake combinations sent out was September 11th, 2025. After investigation, there is no phenomenon of printing production dates in advance. (Caixin)

Leakage accident occurred at a nuclear power plant in South Korea

According to Yonhap News Agency, the No. 2 unit of Wolseong Nuclear Power Plant in Gyeongju, North Gyeongsang Province, reported a heavy water leakage on the 19th. The Nuclear Safety and Security Commission of South Korea estimated that as of noon on the 19th, the total amount of leaked heavy water was about 265 kilograms. At present, all the leaked heavy water is inside the facility and has not leaked outside the nuclear power plant. No abnormalities were found in the radiation levels around the nuclear power plant. When the leakage accident occurred, the unit was in the routine outage maintenance period. Korea Hydro & Nuclear Power Co., Ltd., which is responsible for operating the unit, said that after detecting the leakage, it immediately shut down the relevant nuclear pumps.

This is the second leakage accident reported at Wolseong Nuclear Power Plant this year. On January 12 this year, about 29 tons of nuclear waste liquid without sample analysis in the storage tank was discharged into the sea when the No. 2 unit of Wolseong was operating normally. (Caixin Press)

World Meteorological Organization: Global Water Cycle is Becoming Increasingly Disrupted and Extreme

A latest report released by the World Meteorological Organization on the 18th local time stated that the global water cycle is becoming increasingly disrupted and extreme, fluctuating between floods and droughts.

The 2024 Global Water Resources Status Report shows that compared with the average level from 1991 to 2020, in 2024, only about one - third of the world's river catchments had normal water flow. This imbalance has persisted for six years, reflecting the increasing disruption of the water cycle. Data shows that 2024 was the third consecutive year with extensive ice loss in all global glacier regions. The total ice loss throughout the year reached 450 billion tons. Meltwater of such a scale could cause the global sea - level to rise by about 1.2 millimeters in one year, increasing the risks faced by hundreds of millions of coastal residents. The report also shows that in 2024, the Amazon Basin, other parts of South America, and southern Africa suffered severe droughts, while the humidity conditions in parts of central, western, and eastern Africa, Asia, and central Europe were above normal levels. (Caixin Press)

18 Provinces Offer Free HPV Vaccinations for Eligible Girls

On September 19th, the State Council Information Office released the white paper "China's Practices and Achievements in Promoting Women's All - around Development in the New Era". As of June 2025, 18 provinces have provided free human papillomavirus (HPV) vaccinations for eligible girls by including the vaccination in government livelihood projects, benefiting about 5 million girls annually. A number of specialty clinics and outpatient departments with characteristics in women's health care have been established to cover the entire child - bearing process and the entire life cycle of women. In 2020, the average life expectancy of women has increased to 80.9 years. Since 2012, the national hospital delivery rate has remained steadily above 99%. In 2024, the maternal system management rate reached 94.9%. The maternal mortality rate has dropped from 61.9 per 100,000 in 1995 to 14.3 per 100,000 in 2024, a decrease of 76.9%, far lower than the world average. (The Paper)

Musk Denies Tesla Received Orders for 10,000 Optimus Robots

On the 18th local time, in response to recent news that the US plant-based pharmaceutical company PharmAGRI had signed a letter of intent with Tesla, planning to deploy up to 10,000 Optimus Gen3+ humanoid robots in its self-operated farms and prescription drug production processes, Musk briefly replied on social media: "Fake."

It is reported that Tesla is producing Optimus 2.5 robots on the pilot production line at its US factory. (Jiemian News)

33,000 Employees of Jaguar Land Rover Halt Work and Production

Jaguar Land Rover discovered a cyber - attack incident in early September and has been continuously updating the company's progress. This week, 33,000 employees of Jaguar Land Rover globally were informed that the production line is still affected. In the latest update on the global official website, the company stated that it has notified colleagues, suppliers, and partners to extend the current production suspension until Wednesday, September 24, 2025.

Currently, Jaguar Land Rover has also issued a statement regarding this cyber - security incident on its Chinese website, stating that "retail partners are still operating normally. Based on the results of the ongoing investigation, we now confirm that some data has been affected and are reporting to the relevant regulatory authorities. The evidence - gathering investigation is in full swing. If any user data is found to be affected, we will proactively contact the relevant parties immediately." (Yicai Global)

Medical giant GE Healthcare responds to potential sale of its China business, with a valuation in the billions of dollars

Recently, market sources reported that medical device manufacturer GE Healthcare is working with advisors to explore various options, including selling shares in its China division. A potential deal could value these Chinese assets in the billions of dollars. These considerations are still in the preliminary stage, and no final decisions have been made regarding the timing and scale of any potential disposal. However, this move has already attracted wide attention in the market. In response, GE Healthcare told reporters from 21st Century Business Herald, "We do not comment on market rumors. China is one of the largest medical markets in the world, and we are always committed to providing high - quality medical services to Chinese patients and customers." According to its official website, since the first X - ray machine served Chinese patients in 1897, GE Healthcare has been operating in China for a century. (Caixin)

Large Internet companies issue bonds worth over 10 billion yuan at low interest rates to stockpile “ammunition” for the AI competition

Recently, the stocks of Internet platform companies have been highly favored by funds. Behind the capital's enthusiastic pursuit is the continuous increase in investment by large Internet companies in the AI field. Meanwhile, since September this year, Internet enterprises such as Tencent Holdings, Baidu Group, and Alibaba have stepped up their bond financing efforts to increase their investment and layout in AI. The interviewees believe that the fact that most Internet companies conduct bond financing despite having sufficient cash is not only a strategic layout to optimize the debt structure and lock in low - interest rates but also an important measure to increase investment in AI infrastructure and stockpile ammunition for long - term business development. (Securities Times)

Mastermind of Hong Kong Gold Theft Case Arrested, Motive Revealed

Recently, on the 17th, a gold and jewelry processing workshop in Hung Hom, Hong Kong, had gold worth about HK$59 million taken away by several people. The police later arrested 13 people. It is understood that the mastermind of the case is a 37 - year - old Mr. Xu, a businessman, who was arrested by the police on the 19th. A total of 14 suspects have been arrested, and 4 are still at large.

After investigation, the police believe that the case involves a commercial dispute. The mastermind, Mr. Xu, and the person - in - charge of the gold and jewelry processing workshop were originally business partners. Later, due to the unfavorable business environment, the two sides had disputes over "who should do it" and "whether to continue with the business". Subsequently, the workshop's person - in - charge partnered with another person to open a new company, and the business was booming. Mr. Xu seemed to be deeply resentful and even suspected that the workshop's person - in - charge had embezzled public funds. So, he led several men with triad backgrounds to break into the workshop, took away a large amount of gold, and then fled. (Caixin.com)

Nanjing Wahaha Hongzhen Drinking Water Co., Ltd. under Zong Fuli's name plans 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. The legal representative is Zhu Lidan, and 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. Information on the ultimate beneficiary shows that Zong Fuli is the actual controller of the company.

iOS 26 Adds Over 20 New AI Features

Recently, technology media 9to5Mac published a blog post reporting that in the iOS 26 system, Apple has added over 20 new features and improvements to Apple Intelligence. Surprisingly, the storage requirement remains unchanged at 7GB.

Apple Intelligence made its debut in iOS 18.1, requiring only 4GB of space to enable at that time. However, as Apple further expanded its functions, the storage requirement quickly climbed to 7GB in iOS 18.2 and subsequent versions, raising concerns among many users about potential future increases.

Apple emphasizes that Apple Intelligence mainly relies on on - device local processing, which can better protect user privacy. However, the long - term storage consumption has always been a focus of user attention. Although iOS 26 has added a large number of features this time, it has not increased the storage requirement. The media believes there are two possibilities. One is that Apple has improved the operating efficiency of the local model, and the other is that the new features are more enhancements based on existing models rather than completely new ones. (IT Home)

Zuckerberg: Rather waste hundreds of billions of dollars than lag behind in the AI field

Mark Zuckerberg, the CEO of Meta, said that he is investing a huge amount of money to ensure that the company does not miss out on the great opportunity in artificial intelligence. Zuckerberg said in a podcast aired on Thursday that it is "very likely" that an AI bubble will occur. He pointed out that there have been precedents in history where companies over - built, went bankrupt, and left behind valuable assets. But he said that for Meta, the greater risk is hesitation. He said, "If we end up wasting hundreds of billions of dollars, I think that would obviously be very unfortunate. But I would say that I actually think the risk on the other side is higher." (Sina Finance)

The Cutting - Edge of AI

Xiaomi Open-Sources Its First Native End-to-End Large Speech Model

36Kr learned that Xiaomi has officially open-sourced its first native end-to-end speech model, Xiaomi-MiMo-Audio. Based on an innovative pre-training architecture and hundreds of millions of hours of training data, it has achieved in-context learning (ICL)-based few-shot generalization in the speech field for the first time and demonstrated obvious "emergent" behavior during pre-training.

Amazon Web Services Launches Fully Managed Services for Qwen3 and DeepSeek-V3.1 Models

36Kr learned that Amazon Web Services announced the addition of the Qwen3 and DeepSeek-V3.1 open-weight models on Amazon Bedrock. These models are now officially available globally.

Tesla's Optimus AI Team Leader Leaves to Join Meta

On September 19th, Ashish Kumar, the leader of the Optimus AI team, decided to leave Tesla and join Meta as a research scientist. On September 19th local time, Ashish Kumar posted on a social platform to reflect on his experience at Tesla, saying that leading the Optimus AI team was an amazing and unforgettable experience. "We made every effort to promote scalable methods - replacing the traditional technology stack with reinforcement learning and enhancing the dexterity of robots through video learning." He also emphasized that artificial intelligence is the most crucial factor in unlocking humanoid robots. (Star Market Daily)

Financial Reports of Big Companies

FedEx's Q1 earnings exceed expectations

FedEx's adjusted EPS in the first quarter was $3.83, compared with analysts' expectation of $3.59. It is expected that the adjusted EPS for the whole year will be between $17.20 and $19, while analysts' expectation is $18.25. FedEx rose more than 5% after hours.

Investment and financing

NVIDIA Plans to Invest $500 Million in UK Self-driving Startup Wayve

UK self-driving startup Wayve said in a statement on September 19 that it has signed a letter of intent with NVIDIA to evaluate a strategic investment of $500 million in Wayve's next round of financing. (Cailian Press)

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, with a total financing amount exceeding 1 billion RMB. The industrial and commercial change formalities were recently completed. The Series C financing was led by the China Development 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.

Compiled | xm