Krypton Evening News | A person familiar with the matter at Wanda responded to Wang Jianlin being restricted from high-consumption: It may be caused by information asymmetry at the implementation level; The Xiaomi SU7 Ultra made its debut in Japan for the first time, and the release date is undetermined; Meituan's international food delivery brand Keeta launched in the UAE

Large companies:

Porsche Makes Its Debut at the World New Energy Vehicle Congress

36Kr learned that from September 27th to 29th, the 7th World New Energy Vehicle Congress was held in Haikou, Hainan. Porsche made its debut as an exhibitor, joining hands with Volkswagen Group (China). It brought its key electric models - the Taycan GTS and the all - electric Macan 4 Sport Edition, and launched a new generation of in - vehicle infotainment system exclusive to the Chinese market. It is understood that the new system introduces an AI voice assistant based on a large - language model and a 3D vehicle display function for the first time.

Uber expects its non-restaurant delivery business revenue to reach $12.5 billion this year

Uber said that with the expansion of its grocery and retail delivery business, it expects the total annual bookings for non-restaurant deliveries to reach $12.5 billion by the end of this year. The company pointed out that in the past three quarters, the expansion rate of its delivery division has been faster than that of its ride-hailing business, and the orders for groceries and retail have continued to grow strongly. (Sina Finance)

Zhu Jiangming, Founder of Leapmotor, Responds to "Restriction on High - End Consumption"

According to media reports, regarding the matter that Leapmotor was subject to enforcement due to business disputes, Zhu Jiangming, the founder and chairman of Leapmotor, posted on his WeChat Moments that the three - day "restriction on high - end consumption" was finally lifted today. This incident also exposed some deficiencies in the team, and their capabilities need to be further improved. This event has also strengthened his confidence in Leapmotor. "You can't see the rainbow without experiencing wind and rain. Running a business is really not easy and requires more supervision and support from all sectors of society." According to the China Enforcement Information Disclosure Network, on September 25th, the People's Court of Baiyun District, Guangzhou listed Zhejiang Leapmotor Technology Co., Ltd. and its wholly - owned subsidiary, Lingpao Automobile Trading Co., Ltd., as dishonest executors. As the founder and chairman of Leapmotor, Zhu Jiangming was also restricted from high - end consumption. (Caixin)

Person familiar with Wanda responds to Wang Jianlin being restricted from high - end consumption: May be caused by information asymmetry at the implementation level

Dalian Wanda Group Co., Ltd. and its legal representative Wang Jianlin, etc. have recently been restricted from high - end consumption. In response, a person familiar with Wanda said, "This time it is due to an economic dispute of a project company under Wanda. In fact, the two parties have been negotiating and trying to resolve it through various means before. We are also currently trying to understand the specific situation. This may be caused by information asymmetry at the implementation level." (Caixin Press)

Another 8 billion yuan worth of equity held by Wanda Group has been frozen

36Kr learned that according to the Aiqicha App, recently, Beijing Wanda Cultural Industry Group Co., Ltd. has added one piece of equity freezing information. The person subject to execution is Dalian Wanda Group Co., Ltd., with the frozen equity amounting to 8 billion yuan. The freezing period is from September 1, 2025, to August 31, 2028, and the enforcing court is the Beijing Financial Court. In March 2025, 8 billion yuan of Beijing Wanda Cultural Industry Group had already been frozen, with the freezing period from March 18, 2025, to March 17, 2028, and the enforcing court being the Intermediate People's Court of Zhengzhou City, Henan Province. Beijing Wanda Cultural Industry Group Co., Ltd. was established in September 2012. Its legal representative is Zhang Chunyuan, with a registered capital of 8 billion yuan, and it is wholly owned by Dalian Wanda Group Co., Ltd.

Keeta, the international food delivery brand under Meituan, launches in the UAE

36Kr learned that according to the WeChat official account of "Meituan", at 11 a.m. local time on September 27th, Keeta, the international food delivery brand under Meituan, officially started operations in Dubai, the UAE. This is the third food delivery market in the Middle East that Keeta has entered within 40 days, following its launches in Qatar in August and Kuwait in September. The UAE has also become the fourth strategic foothold for Meituan's international business in the Middle East and Gulf region.

Investment and financing:

"Baixing Intelligence" Secures Tens of Millions of Yuan in Investment from GSR Ventures

36Kr learned that "Baixing Intelligence" announced the completion of a Pre-A round of financing worth tens of millions of RMB. This round was led by GSR Ventures, with participation from Yuanshu Venture Capital and others. The funds from this round of financing will be used to strengthen R & D investment and market expansion. Baixing Intelligence is the first domestic company to develop AI Agents for the vertical foreign trade industry.

"Lexiang Technology" Completes 200 Million Yuan in "Angel ++" Round of Financing

36Kr learned that "Lexiang Technology", a consumer-level embodied intelligence enterprise, officially announced the completion of 200 million yuan in the "Angel ++" round of financing. This is already the third round of financing completed by Lexiang Technology within nine months, and the total amount of angel round financing is close to 500 million yuan. This round of financing was led by Zhongding Capital, and the old shareholder IDG Capital continued to increase its investment. The funds will be mainly invested in the self - research of core components, robot body and motion control technology, and the iteration of consciousness bionic models, with the goal of accelerating the large - scale implementation of consumer - level embodied intelligence products.

Today's Products:

Xiaomi SU7 Ultra Makes Its Debut in Japan, Release Date Undetermined

Xiaomi's Japanese subsidiary held a press conference in Akihabara, Tokyo on the 26th, showcasing its high - end pure electric vehicle (EV) "SU7 Ultra" in Japan for the first time. The exhibition will last until the 28th. It is reported that the release date of this vehicle in Japan has not been determined. Xiaomi also announced a plan to open more "Xiaomi Stores" for selling smartphones, home appliances, etc. in major cities. Zheng Yan, the deputy president of the Japanese subsidiary, told the media on the 26th that, similar to the Chinese market, Xiaomi will also adopt the strategy of selling EVs simultaneously in smartphone stores in Japan in the future. (Sina Finance)

Tencent Releases and Opens Sources New-Generation Image Generation Model "Hunyuan Image 3.0"

36Kr learned that Tencent Hunyuan has released and open-sourced the native multimodal image generation model "Hunyuan Image 3.0". According to Tencent's official introduction, this is the first industrial-grade native multimodal image generation model with a parameter scale of 80B. It is also the open-source image generation model with the best evaluation results and the largest number of parameters at present, and its performance can be comparable to that of the leading closed-source models in the industry.

Other News Worth Paying Attention To:

CCPIT: 1,623 Overseas Exhibition Projects of Exhibition Organizers Approved Since the Beginning of This Year

The China Council for the Promotion of International Trade (CCPIT) held its regular press conference for September on the 28th. Wang Guannan, the spokesperson of the CCPIT, pointed out at the conference that since the beginning of this year, the CCPIT has approved 1,623 overseas exhibition projects of exhibition organizers, with a planned exhibition area of 950,000 square meters. Wang Guannan said that in the next step, the CCPIT will firmly grasp the fundamental of serving enterprises, enrich service supply, optimize service platforms, and provide efficient, convenient and high - quality comprehensive services for enterprises to participate in international cooperation and competition. (Caixin Press)

Ministry of Industry and Information Technology: China to Further Deepen Opening-up and Cooperation in the Automotive Industry

A relevant official from the Ministry of Industry and Information Technology said yesterday that China will further deepen opening-up and cooperation in the automotive industry and support in-depth and high-level cooperation between Chinese and foreign enterprises in terms of capital, technology, management, and talent. The official also said that China has fully lifted restrictions on foreign equity ratios in the new energy vehicle sector, supporting wholly foreign-owned enterprises such as Tesla and Lexus to operate in China, and supporting enterprises like Volkswagen, Mercedes-Benz, Toyota, and General Motors to deepen cooperation with Chinese enterprises. In the first half of this year, the global sales of new energy vehicles approached 10 million, accounting for 21.3% of the total sales of new vehicles, about 4 percentage points higher than the same period last year. (CCTV News)