1 Krypton at 8 a.m. | NVIDIA plans to invest up to $100 billion in OpenAI; Marriott Hotels admits to reusing slippers multiple times; Zhang Shuihua, known as "the fastest female nurse," posted an apology.
Today's Hot News Guide
Luo Yonghao responds to debt issues again. The total amount of his frozen equity as an executed person is approximately 17.58 million yuan.
Several pre - made dishes such as Taier Pickled Fish are launched on Sam's Club.
Baiguoyuan plans to raise about 300 million yuan to pay off debts. It suffered a loss of over 300 million yuan in half a year and closed more than 1,600 stores in a year.
Kweichow Moutai denies that it will lower this year's performance target. It has completed the target progress as planned in the first half of the year.
Industry chain insiders confirm that OpenAI has currently started cooperation with domestic supply chains on relevant projects.
Top 3 Big News
OpenAI and NVIDIA Announce Letter of Intent for Partnership, with NVIDIA to Gradually Invest Up to $100 Billion in OpenAI
On September 22 local time, OpenAI and NVIDIA announced a letter of intent to establish a partnership. NVIDIA intends to gradually invest up to $100 billion in OpenAI to support the construction of data centers and related infrastructure. The cooperation between the two parties will deploy at least 10 gigawatts of NVIDIA systems for OpenAI's next - generation artificial intelligence infrastructure. The first batch of gigawatt - scale NVIDIA systems will be deployed in the second half of 2026. The two companies will finalize the cooperation details in the coming weeks. (Caixin)
Changzhou Marriott Hotel Alleged to Reuse Recycled Slippers, Health Inspection Bureau Intervenes in Investigation
On September 21st, a guest reported online that the Marriott Hotel in Changzhou, Jiangsu, was reusing disposable slippers. The slippers were visibly pilled and had eyelashes stuck to them. After the guest raised an objection to the waiter, the waiter brought a brand - new pair of slippers.
On the same day, the Changzhou Municipal Health Inspection Bureau and the Xinbei District Health Inspection Bureau have intervened in the investigation. They stated that if the slippers are labeled as disposable, reuse is strictly prohibited; if they are non - disposable slippers, they must strictly follow the norms of cleaning, disinfection before reuse. Regarding the situation where the Marriott Hotel did not label or inform, the health inspection bureau said that they will conduct an on - site inspection and verify whether the hotel's slippers are disposable through the hotel's internal records, slipper labels and relevant documents.
On September 22nd, a staff member of the Changzhou Marriott Hotel said that the hotel's slippers are not disposable items. They implement the practice of "changing and disinfecting for each guest". After strict cleaning and disinfection procedures, they are recycled and usually used two to three times. Since the upper part of the slippers is made of cotton material, a small amount of pilling may occur during machine washing, which is a normal situation and does not mean they are unclean. (Jiemian News, Upstream News)
"Fastest female nurse" Zhang Shuihua issued an apology statement: Deeply remorseful for causing trouble and damage to the image of the unit and leaders. In the future, she will better separate work from hobbies.
At the 2025 Harbin Marathon, Zhang Shuihua, a "fastest female nurse" from the First Affiliated Hospital of Fujian Medical University, refreshed her personal best record with a time of 2 hours, 35 minutes and 27 seconds and won the championship of the domestic women's group. After the race, a video of Zhang Shuihua crying and saying "hoping that the leaders would support her for a day - off to run the marathon" sparked discussions.
Early in the morning on September 21st, "fastest female nurse" Zhang Shuihua issued an apology statement on her personal social media platform. The full text is as follows: (Red Star News)
During the post - race media interview, my personal remarks about "the unit leaders not approving my day - off" attracted wide attention and sparked heated discussions. I deeply regret and feel extremely guilty about this. Here, I sincerely apologize to everyone.
My remarks have brought about various adverse effects:
1. They have caused trouble and damage to the image of my unit and leaders. In fact, the leaders and colleagues of my unit have always been very supportive and caring towards me. I failed to express my gratitude during this interview and instead caused misunderstandings. I deeply regret this.
2. They have occupied valuable public opinion resources, diluted the excitement and positive energy of the Harbin Marathon itself, and also brought unnecessary interference to this event.
3. They have misled the public and led netizens to discuss topics such as "privilege" and "playing the victim", which completely goes against my original intention of participating in the marathon.
I sincerely accept all the criticism and conduct a profound self - reflection:
As an adult, I must learn to be cautious in public and always be aware of the possible social impacts of my words.
As a sports enthusiast, I should share more about the joy of sports and the spirit of perseverance, rather than personal trivial matters.
As an employee of the unit, in the future, I will better separate work from hobbies. I will never let personal affairs affect my work. Instead, I will take practical actions to thank the unit for its cultivation and support.
Here, I once again say sorry to my unit, leaders, colleagues, the Harbin Marathon Organizing Committee, and all the netizens who have been troubled by my inappropriate remarks!
I will learn from this lesson. In the future, I will surely focus more on the track, repay everyone's love with better results, and spread the tenacious and positive spirit of the marathon to more people. I sincerely hope that everyone will continue to supervise me.
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Big Companies/Big Events
The three major U.S. stock indexes closed higher collectively, and NVIDIA rose more than 3% to a record high
36Kr learned that at the close on September 22, the three major U.S. stock indexes rose collectively. The Dow Jones Industrial Average rose 0.14%, the Nasdaq Composite rose 0.7%, and the S&P 500 Index rose 0.44%. Large technology stocks showed mixed performance. Apple rose more than 4%, NVIDIA rose more than 3% to a record high, and Arm and Tesla rose more than 1%. Amazon and Meta fell more than 1%, while Microsoft and Google declined slightly. Popular Chinese concept stocks also showed mixed trends. NIO fell more than 6%, Tencent Music and JD.com fell more than 3%, Weibo fell 2%, and Li Auto and XPeng Motors fell more than 1%. iQiyi rose more than 3%, and Baidu, Alibaba, and NetEase rose slightly.
Netizens question that the fireworks show "Ascending Dragon" "exploded three times"? Tibet Ecological Environment Department: A three - level investigation team will be formed
On September 19th, the well - known outdoor brand Arc'teryx collaborated with artist Cai Guoqiang to set off the artistic fireworks "Ascending Dragon" in the Himalayas of Tibet. This move immediately sparked environmental protection disputes on social media. Some netizens questioned that this act damaged the fragile plateau ecological environment, triggering a huge controversy. Some netizens described it as "blasting mountains".
Jimu News reporters noticed that some netizens pointed out that in the "Ascending Dragon" art project, the fireworks were not set off only once, but seemingly three times. A blogger posted a relevant video with a caption that read: "I just realized that the 'blasting mountain' had three parts, which means it was 'blasted' three times. It's really terrible. I always thought it was just one blast, but unexpectedly it was three times."
On the 22nd, a staff member of the Tibet Autonomous Region Ecological Environment Department told Jimu News reporters that the autonomous region held a special meeting on this matter on the morning of the 22nd. A working group will be sent to the scene immediately, and then a three - level investigation team will be formed. After all the work is completed, there will be a notice. As for how many times the fireworks in the "Ascending Dragon" project were actually set off, the above - mentioned staff member said, "We still have to go to the scene for verification, investigation and evaluation." (Jimu News)
Lei Jun Officially Announces: The Xiaomi 17 Series Will Be Launched at 7 PM on September 25th
On September 22nd, Lei Jun, the Chairman and CEO of Xiaomi, posted on Weibo that the Xiaomi 17 series will be launched at 7 PM on September 25th, covering three models: Xiaomi 17, Xiaomi 17 Pro, and Xiaomi 17 Pro Max. (Yicai Global)
Luo Yonghao Responds to Debt Issue Again: The Total Frozen Equity of His Executed Person Is Approximately 17.58 Million Yuan
On the morning of September 22nd, in response to the debt issue questioned by netizens, the Weibo account verified as Luo Yonghao himself replied. On that day, netizens commented on the discussion about pre - made dishes reposted by Luo Yonghao, saying, "I think the law should mandate that a person pay off their own debts before caring about the world."
In response, Luo Yonghao reposted the comment and replied, "If I only paid off the part of the debt that the law obliges me personally to pay, I would have finished paying it off five years ago. What I voluntarily paid off later were all the company's debts that I was not legally required to pay." (Jiemian News)
Li Juan, the author of My Altay, speaks out about the Arc'teryx fireworks show incident: So angry that she can't come up with a title
On September 19th, the outdoor brand Arc'teryx collaborated with artist Cai Guoqiang to set off a large - scale fireworks display named Rising Dragon in the Himalayas in Tibet. Netizens accused the above - mentioned event of being ill - considered and ignoring the environment of the Himalayas. On September 21st, Cai Guoqiang's studio and Arc'teryx respectively issued statements apologizing.
Late at night on the 22nd, Li Juan, the author of My Altay, posted a short article titled So angry that I can't come up with a title on her personal account regarding this incident, expressing "strong condemnation and deep pain." (Yicai Global)
Several types of pre - made dishes such as Saier Sour Fish with Pickled Cabbage are available at Sam's Club
According to the 21st Century Business Herald, there are several pre - made dish products under the Jiujiajiu Group on the shelves of Guangzhou Sam's Club. Among them, Saier Sour Fish with Pickled Cabbage costs 119.9 yuan per serving, Sweet and Sour Mandarin Fish costs 129.9 yuan per serving, and Spiced Beef Slices with Cold Noodles from Jiujiajiu's Northwest Cuisine costs 69.9 yuan per serving.
Some analysts believe that as the core brand under the Jiujiajiu Group, Saier Sour Fish with Pickled Cabbage has a relatively high popularity in the market. Introducing Saier Sour Fish with Pickled Cabbage pre - made dishes to Sam's Club can take advantage of Sam's channel advantages to expand its consumer group. A reporter from Jiemian News searched social platforms and found that many consumers have already purchased the Saier Sour Fish with Pickled Cabbage pre - made dishes available at Sam's Club. They evaluated that the taste restoration degree is 80%, the operation is simple, but the portion is very small. (21st Century Business Herald, Jiemian News)
PGY Group Plans to Raise About HK$300 Million to Repay Debts, Suffered Over HK$300 Million Loss in Half a Year and Closed Over 1,600 Stores in a Year
On the evening of September 21, PGY Group (02411.HK) announced in a filing to the Hong Kong Stock Exchange that on September 19, 2025 (after trading hours), the company entered into a placing agreement with the placing agent. The placing agent agreed, on a best - efforts basis, to act as the company's agent to procure subscribers to subscribe for a total of 279.5 million placing shares at a placing price of HK$1.17 per H - share. (Jiemian News)
Counterfeit Maxim's mooncakes priced at 368 yuan are sold at 70 yuan. Counterfeit Maxim's mooncakes are shipped discreetly.
Recently, a large number of merchants selling counterfeit Maxim's mooncakes have emerged on the Internet. The prices of these counterfeit mooncakes are much lower than those of the genuine products, generally ranging from 60 to 80 yuan, only about 20% of the official price of the genuine products (368 yuan per box).
Blue Whale reporters' investigation found that currently, merchants selling such mooncakes can be mainly divided into two categories: one is the factories that directly produce them, and the other is the agents and distributors at all levels. Blue Whale reporters inquired about prices from multiple sources in the guise of buyers, but many merchants refused to disclose any specific information about the factories. To prevent the leakage of source information, most merchants adopt the "discreet shipping" model, and consumers cannot view the specific shipping address. Reporters learned from multiple channels that most of the production sources of these counterfeit mooncakes are located in Guangdong. A box of counterfeit Maxim's mooncakes obtained by Blue Whale reporters shows that its outer packaging is almost identical to that of the genuine product, with anti-counterfeiting labels, production dates, product barcodes, etc. all in place. Reporters' taste test and comparison found that the counterfeits are highly similar to the genuine products in terms of taste and flavor, and it is almost difficult for ordinary consumers to distinguish them. (Blue Whale News)
Foreign Ministry: Hopes the US to Provide an Open, Fair and Non-discriminatory Business Environment for Chinese Enterprises Investing in the US
Foreign Ministry Spokesperson Guo Jiakun chaired a regular press conference on September 22. When answering questions related to TikTok, Guo Jiakun said that China's stance on the TikTok issue is clear. The Chinese government respects the wishes of enterprises and is glad to see enterprises conduct good business negotiations on the basis of market rules and reach a solution that complies with Chinese laws and regulations and balances interests. It is hoped that the US will provide an open, fair and non-discriminatory business environment for Chinese enterprises investing in the US. (CCTV News)
BYD's Li Yunfei Responds to Buffett's Full Sale: "In stock investment, there are both buyers and sellers. This is a very normal thing!"
36Kr learned that Li Yunfei, the general manager of BYD Group's brand and public relations department, posted on Weibo, saying, "In August 2022, Berkshire began to gradually reduce its holdings of the company's stocks purchased in 2008. By last June, its shareholding had already dropped below 5%. In stock investment, there are both buyers and sellers. This is a very normal thing! Thanks to Charlie Munger and Warren Buffett for their recognition of BYD! Also, thanks for the investment, help, and companionship over the past 17 years! Give a thumbs up to all long - termists!" Previously, according to media reports, Berkshire Hathaway, owned by Buffett, has completely sold its shares in BYD.
Xiaomi's affiliated fund invests in Qixinwei Semiconductor, a developer of automotive controller chips
36Kr learned that according to the Aiqicha App, recently, Suzhou Qixinwei Semiconductor Co., Ltd. underwent industrial and commercial changes. New shareholders such as Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund Partnership (Limited Partnership) were added, and the registered capital increased to 1.54639 million yuan. The company was established in 2020, and its business scope includes the sales of special equipment for semiconductor devices, semiconductor discrete devices, artificial intelligence hardware, integrated circuits, etc. According to its official website, the company is engaged in the R & D and sales of high - end automotive controller chips.
Zhuanzhuan Group: Fully Focus on the Official Inspection Business Model and Gradually Shut Down the Free Market
36Kr learned that Zhuanzhuan Group issued an official announcement, declaring that it will gradually shut down its "Free Market" business. The announcement stated that in the future, Zhuanzhuan will fully focus on the second - hand "Official Inspection" business model, providing users with a more secure new option for second - hand consumption besides the "peer - to - peer" transactions. It also emphasized that other business lines of the group are operating normally.
Guizhou Moutai Denies Cutting This Year's Performance Target, Has Completed Target Progress as Planned in the First Half of the Year
Amid the in - depth adjustment of the liquor industry, it was rumored that Guizhou Moutai might cut its performance target for this year. In response, a person from the securities department of Guizhou Moutai said that the company has not cut its annual performance target at present, and it has completed the target progress as planned in the first half of the year. If the company wants to adjust its annual target tasks, it will make corresponding announcements to the public. (Cailian Press)
Douyin E-commerce: In the past year, the GMV of Douyin E-commerce's shelf scene increased by 49% year-on-year
36Kr learned that on September 21st, at the e-commerce author communication session of the Douyin Creators Conference, the data released by Douyin E-commerce showed that in the past year, the GMV of Douyin E-commerce's shelf scene increased by 49% year-on-year. Meanwhile, more than 5.11 million newly settled e-commerce authors and 5.36 million new merchants earned income through the platform. On average, 1.25 million e-commerce live broadcasts are launched every day, which are watched by more than 300 million people.
US Seeks to Break Up Google's Digital Advertising Business, Google Caught in Another Antitrust Dilemma
After successfully fending off the US Department of Justice's accusations of illegal monopoly in online search, Google now faces a new attempt to break up its internet empire. This court trial focuses on its abusive practices in the digital advertising sector. The trial, scheduled to start on Monday at the federal court in Alexandria, Virginia, will revolve around a series of harmful behaviors. Previously, US District Judge Leonie Brinkema ruled that some of Google's digital advertising technologies constituted an illegal monopoly. The judge found that Google's related actions had stifled market competition and damaged the interests of online publishers who rely on the system for revenue. (Sina Finance)
Oracle Promotes Two Presidents to Co-Chief Executive Officers
Oracle is adjusting its executive team to achieve dominance in the field of artificial intelligence infrastructure. The company announced on Monday that it will promote Clay Magouyrk and Mike Sicilia to co-chief executive officers. (Sina Finance)
Industry chain insiders confirm: OpenAI has currently initiated cooperation with the domestic supply chain on relevant projects
Recently, there were reports that OpenAI had signed agreements with companies such as Luxshare Precision to jointly develop a consumer - grade device, and Luxshare Precision had won the assembly contract for at least one device. In response to these rumors, Luxshare Precision did not give a direct response. However, industry chain insiders confirmed to Cailian Press reporters that OpenAI has currently initiated cooperation with the domestic supply chain on specific projects. (Cailian Press)
Musk Says Autopilot Will Be the Biggest Wealth Creation in Human History
An X user posted, "I'll invest another $50,000 in Tesla this week. Most of us have no idea what's about to happen. As Elon said, this will be the largest wealth transfer in human history. Tesla will achieve autopilot." Musk replied, "It's not a wealth transfer but wealth creation. The size of the pie will get bigger. This is the opposite of a zero - sum game." (Sina Finance)
Going Public in Progress
Dayang Motor
36Kr learned that Dayang Motor has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are Huatai International and Citigroup.
Tinci Materials
36Kr learned that documents from the Hong Kong Stock Exchange show that Guangzhou Tinci Materials Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are J.P. Morgan, CITIC Securities, and GF Securities.
Investment and Financing
"Haobo Pharmaceuticals" Completes $63 Million Series B2 Financing
36Kr learned that "Haobo Pharmaceuticals" announced the completion of a $63 million Series B2 financing round. This financing round was co-led by Qiming Venture Partners and industrial investment institutions, with the participation of multiple domestic investment institutions such as Hankang Capital, CDH VGC, Yuansheng Venture Capital, Sherpa Investment, and Yuansheng Capital. The funds raised in this round will be mainly invested in the core development areas of Haobo Pharmaceuticals, mainly including three major directions: First, to accelerate the clinical trial process of the core product - the innovative antisense oligonucleotide (ASO) drug AHB - 137 for the clinical cure of chronic hepatitis B; Second, to make early arrangements for the commercialization and industrialization construction of AHB - 137; Third, to continuously expand the R & D of the company's innovative pipeline and strengthen the construction of professional teams at home and abroad.
“Woting Technology” Completes Angel Round Financing of Tens of Millions of Yuan
36Kr learned that “Woting Technology” recently completed an angel round financing of tens of millions of yuan. The funds from this round will be used to increase investment in technology R & D, enhance innovation capabilities, accelerate the construction of the upstream and downstream ecological chains, and improve the industrial layout.
"Tetheria.ai" Completes Millions of Dollars in Angel Round Financing
Recently, TetherIA.ai, a dexterous hand startup company in Silicon Valley, announced the completion of millions of dollars in angel round financing. This round of financing was led by Matrix Partners China, with Miracle Plus participating. This is also the company's first round of financing since its establishment, and the funds obtained will be mainly used for team expansion and the R & D progress of the first - generation products. At present, the company's first product has completed the preliminary R & D and software - hardware adaptation. In addition, the company will launch a new round of financing in the near future.
"Zero Gravity Aircraft Industry" Completes Nearly 100 Million Yuan in Series A++ Strategic Financing
36Kr learned that "Zero Gravity Aircraft Industry", a developer and manufacturer of new energy aircraft, has completed nearly 100 million yuan in Series A++ strategic financing. This round of financing was jointly invested by Yunshi Capital and the fund in which Xiangyuan Culture and Tourism holds shares - Yancheng Huanghai Huichuang Ketai Low - Altitude Economy Industry Investment Fund Partnership (Limited Partnership). The funds raised will be used to advance the airworthiness certification process and the R & D, mass production, and delivery of core products.
The Cutting - Edge of AI
DeepSeek Online Model Upgrade: Current Version Number DeepSeek-V3.1-Terminus
According to the official WeChat account of DeepSeek, DeepSeek-V3.1 has now been updated to the DeepSeek-V3.1-Terminus version.
Based on maintaining the original capabilities of the model, this update has made improvements to address issues reported by users, including: Language Consistency: Alleviated situations such as mixed Chinese and English and occasional abnormal characters; Agent Capabilities: Further optimized the performance of Code Agent and Search Agent. (Cailian Press)
OpenAI to Launch New Compute-Intensive Features, Some Exclusive to Pro Users
On September 21 local time, Sam Altman, the CEO of OpenAI, posted that several new compute-intensive features would be launched in the coming weeks. Given the associated costs, some features will initially be available only to Pro subscribers, and additional fees will be charged for some new products. (Jiemian News)
Facebook to Launch AI Dating Assistant
Meta announced on the 22nd that it will integrate an artificial intelligence assistant into Facebook Dating. This chatbot aims to help users find more suitable matches that meet their needs. Meta also stated that the company will introduce a new feature called "Meet Cute" to "help users avoid swiping fatigue." This feature will recommend a "surprise match" to users every week based on an algorithm. (Sina Finance)
Meituan's LongCat Releases New High-Efficiency Inference Model LongCat-Flash-Thinking
36Kr learned that Meituan's LongCat team has officially released a new high-efficiency inference model, LongCat-Flash-Thinking. According to the official introduction, the new model is the first large language model in China that combines the inference capabilities of "deep thinking + tool invocation" and "informal + formal" reasoning. In reasoning tasks across multiple domains such as logic, mathematics, code, and agents, it has reached the state-of-the-art (SOTA) level among global open-source models, and its performance in some tasks is close to that of the closed-source model GPT5-Thinking.
Compiled | Anya