Krypton Evening News | Jensen Huang sold 225,000 shares of NVIDIA stock, cashing out approximately $42.9 million; OpenAI and Sull Energy plan to invest $25 billion to advance a data center project in Argentina.
Large Companies:
According to Lanjing News, following Zong Fuli's launch of "Wa Xiaozong", the brand "Wa Xiaozhi" of Zong Fuli's uncle, Zong Zehou, also recently launched a recruitment campaign for distributors. On October 10th, "Wa Xiaozhi" held a national distributor recruitment conference in Hangzhou. Those who purchase over 100,000 yuan worth of "Wa Xiaozhi" products can obtain the exclusive distributor qualification for the region. Relevant recruitment personnel said that the Zong's brand started operating last November. "We started working on Wa Xiaozhi around the National Day. This side belongs to the Zong family, specifically Zong Zehou's side. It's like we're going to compete with Zong Fuli for the market. Currently, there's no deposit required to become an agent. You just need to make an initial purchase of no less than 30,000 yuan. " As of now, "Wa Xiaozhi" has signed up 153 customers, "mainly concentrated in Zhejiang, but also in Hunan, Guizhou and other places. Currently, we're mainly targeting chain supermarkets and large - scale distribution customers." (Caixin)
OpenAI and Sur Energy plan to invest $25 billion in a data - center project in Argentina
The Argentine government said on Friday that OpenAI and Sur Energy have signed a letter of intent for a data - center project in Argentina, with a maximum investment of up to $25 billion. According to a statement released by the Argentine government, the project will build a large - scale data - center facility with a computing power capacity of up to 500 megawatts to support advanced artificial - intelligence computing workloads. (Sina Finance)
Jensen Huang sells 225,000 shares of NVIDIA, cashing out about $42.9 million
Documents submitted by NVIDIA to the U.S. Securities and Exchange Commission (SEC) on October 10th (local time) show that CEO Jensen Huang sold a total of 225,000 shares of NVIDIA from October 8th to 10th, cashing out about $42.9 million. (Jiemian)
Binance: All services have been restored and are gradually returning to normal
Binance issued a statement saying that (early this morning), its system was under pressure due to high market concurrency, and some users experienced intermittent delays and display abnormalities; currently, all services have been restored and are gradually returning to normal. It is continuously monitoring to ensure stable operation and has reminded that "funds are SAFU". (Caixin)
BYD's 14 millionth new - energy vehicle rolls off the production line
36Kr learned that, according to BYD Auto, at 10:00 Beijing time on October 10th (9:00 local time in Brazil on October 9th), BYD's 14 millionth new - energy vehicle officially rolled off the production line at the Brazilian factory. Brazilian President Luiz Inácio Lula da Silva was present to witness the event and became the owner of this vehicle. The 14 millionth new - energy vehicle that rolled off the production line this time is an important achievement of BYD's production base in Brazil. The factory is located in Camacari, Bahia state, and the ceremony for the first vehicle to roll off the production line was completed on July 1st, 2025.
Investment and Financing:
According to Lanjing News, on October 10th, ByteDance officially issued an email for its second option repurchase this year. The repurchase price for current employees is $200.41 per share, equivalent to 1,424.01 yuan per share; the repurchase price for former employees is $180.37 per share, equivalent to 1,281.62 yuan per share. Previously, the last repurchase was in April 2025, when the repurchase price for current employees was $189.9 per share, equivalent to 1,363.14 yuan per share; the repurchase price for former employees was $161.42 per share, equivalent to 1,158.71 yuan per share. (Caixin)
The Aiqicha app shows that recently, Datang Yinpan (Chongqing) Pumped - Storage Co., Ltd. was established with a registered capital of approximately 1.352 billion yuan. Its business scope includes hydro - power generation, power - generation business, power - transmission business, and power - supply (distribution) business. Shareholder information shows that the company is jointly held by Datang International Power Generation Co., Ltd., Chongqing Development Energy Co., Ltd., and Chongqing Wulong Urban Development (Group) Co., Ltd.
New Products:
36Kr learned that recently, at the NexTech Week 2025 Autumn AI Exhibition in Japan, Wondershare Technology made its first offline presentation of its new AIGC video - creation platform ToMoviee AI to the Japanese market. This exhibition marks the first offline debut of the ToMoviee AI product in Japan. It is understood that this platform ranked among the top three globally in the comprehensive score of the text - to - video large - model evaluation list VBench - 2.0 and ranked first in two key indicators: camera movement and movement rationality. Wondershare Technology entered the Japanese market in 2011 and currently has more than 5,600 partners in the local area.
The DNA search engine MetaGraph is successfully developed
Scientists from the Swiss Federal Institute of Technology in Zurich published a paper in the latest issue of the journal "Nature", saying that they have developed a DNA search engine called MetaGraph, which can quickly and efficiently retrieve massive amounts of information in public biological databases, providing a powerful professional tool for life - science research. (Science and Technology Daily)
Amazon Web Services launches a new Agentic AI application
Amazon Web Services announced the launch of a new Agentic AI application - Amazon Quick Suite. It is reported that this application aims to help employees comprehensively improve work efficiency, change the way employees obtain information insights, conduct in - depth research, automate tasks, visualize data, and execute cross - application tasks. At the same time, Amazon Quick Suite can connect to the enterprise's internal knowledge base, mainstream applications, and Amazon Web Services such as Amazon S3 and Amazon Redshift, and can access more than 1,000 applications through MCP integration, helping customers to uniformly access and efficiently utilize scattered information resources.
Today's Views:
At the 2025 CMG Global Partner Conference, Wang Xingxing, the founder, CEO, and CTO of Unitree Robotics, appeared in the round - table discussion of the main forum. When talking about how robots and embodied intelligence will affect and change our lives, Wang Xingxing said that the future market space for family life, service entertainment, and industrial products is very large, but currently, the challenges in family and industrial scenarios are relatively great. In the family aspect, not only technology but also ethical and safety requirements are relatively high; in the industrial aspect, robots need to cross the threshold of being more efficient and less costly than human labor before they can be deployed on a large scale. (Caixin)
The CEO of a precious - metals company says the gold price will exceed $5,000 next year
The CEO of Wheaton Precious Metals Corp said that the gold price could climb to $5,000 per ounce within a year and double again by the end of 2030. "I believe the gold price will exceed $5,000 next year," CEO Randy Smallwood said on Friday. "With this trend, it's easy for the gold price to reach $10,000 per ounce by the end of 2030. It won't surprise me at all." The spot gold price hit a record high this week, breaking through $4,000 per ounce. As the historical supply shortage in the London market deepens, silver is also approaching its record high above $50 per ounce. (Sina Finance)
On October 11th, at the 2025 CMG Global Partner Conference, Zhong Zhihong, the chief engineer of the Ministry of Industry and Information Technology, said that we should adhere to innovation - led development and strengthen self - reliance and self - improvement in science and technology in the field of information and communication. We should make forward - looking arrangements for 6G technology research and development, simultaneously cultivate potential application ecosystems, accelerate technological research on high - end computing - power chips, industrial multimodal algorithms, etc., build high - quality data sets, vigorously develop new - generation intelligent terminals such as intelligent robots and smart wearables, build an integrated and full - scenario intelligent interaction environment, and promote the intelligent interconnection of all things. (China Securities Journal)
On October 10th (local time), Evan Rogers, the CEO of the U.S. space and defense technology startup True Anomaly, said in a Bloomberg program that China "undoubtedly" leads the U.S. in some space - offensive and - defense capabilities and called on the U.S. government to increase investment. Rogers emphasized the "China threat" to raise the sense of crisis in the U.S. aerospace industry. He claimed that as the competition between China and the U.S. intensifies, the space field is regarded as a "potential battlefield", and China is the "main competitor" in it. (Guancha.cn)
Other Notable News:
During the National Day and Mid - Autumn Festival holidays, tax - refund shops in Shenzhen were bustling with activity, and the tax - refund business for foreign tourists leaving Shenzhen saw significant growth. According to statistics from Shenzhen Customs, during the holidays, Shenzhen Customs verified a total of 29.1247 million yuan worth of tax - refund goods, a year - on - year increase of 3.97 times. In the first three quarters, Shenzhen Customs verified a total of 28,700 tax - refund application forms, with the tax - refund amount for goods reaching 840 million yuan, a year - on - year increase of 2.11 times. (Xinhua Finance)
On October 11th, according to China National Nuclear Corporation (CNNC), new progress has been reported at the world's largest "Hualong One" nuclear - power base in Zhangzhou, Fujian. The first nuclear - fuel loading of Unit 2 of Zhangzhou Nuclear Power Station under CNNC started today. This step is the demarcation point between nuclear and non - nuclear tests in nuclear - power project construction and is also one of the most important steps before the nuclear - power unit is connected to the grid for power generation. (CCTV News)