Krypton Evening News | Six Taobao AI shopping guides are launched during the Tmall Double 11; Nestle Group: Plans to cut about 16,000 jobs globally in the next two years; YUAN Duoran, Deputy General Manager of the Shanghai Stock Exchange: Strongly support green investment and encourage more green enterprises to raise funds through stocks and bonds.

Large companies:

Lei Jun of Xiaomi Group: Approximately 400,000 Xiaomi cars have been delivered so far, with a total investment of 5.79 billion yuan in the first phase of combined assisted driving

Lei Jun, the founder and CEO of Xiaomi Group, said at the 2025 World Intelligent Connected Vehicle Conference today that about 400,000 Xiaomi cars have been delivered so far, one and a half years after the product was launched. Xiaomi has been continuously investing in combined assisted driving, with a total investment of 5.79 billion yuan in the first phase, and the intelligent driving team has more than 1,800 members. (Cailian Press)

Baidu Search Launches Public Beta of AI Short Drama Platform, to Allocate Hundreds of Millions in Funds and Billions in Traffic to Support Creators

36Kr learned that on October 16th, Baidu Search announced that its AI short drama generation platform has officially launched a public beta. It will provide comprehensive support to creators through a creation fund worth hundreds of millions, traffic support worth billions, and long - term IP monetization. It is understood that Baidu Search's AI short drama generation platform has different modes such as automatic generation and human - machine collaboration, which can assist creators in completing more than 80% of content creation. Creators only need to make minor adjustments and optimizations on the basis of AI - created content to quickly generate high - quality short drama works.

ByteDance's latest disclosure: The daily average token usage of the Doubao large model exceeds 30 trillion

On October 16th, Volcengine, a subsidiary of ByteDance, disclosed the latest large model token (a text unit for large models) invocation data. Tan Dai, the president of Volcengine, said on-site that the usage of the Doubao large model increased 253-fold from 120 billion tokens in May 2024 to over 30 trillion tokens in September this year. (Yicai Global)

Chu Duan, President of Taobao Platform: Three Super Dividends Unlock a Trillion - Dollar New Market for Brands

The 2025 Tmall Double 11 will officially start at 8 p.m. on October 20th. At the Tmall Double 11 press conference, Chu Duan, President of Taobao Platform under Alibaba's China E - commerce Business Group, stated that this year's Double 11 is the first one to kick off the era of mass consumption, and brands will embrace a trillion - dollar new market. The "Super Increment" Taobao Flash Sale drives the growth of e - commerce. In August, the daily active users (DAU) of the Taobao mobile app increased by 20% year - on - year. 77 brands achieved monthly flash sale turnover of over 10 million yuan, and 490 brands exceeded 1 million yuan. The "Super Hub" Taobao Premium Memberships connect consumption scenarios and improve brand operation efficiency. There are over 100 million food delivery users who haven't placed orders on e - commerce platforms yet, presenting huge potential for attracting new customers. The "Super Engine" 88VIP Double 11 consumer vouchers amount to 50 billion yuan, continuing the "90% off without a threshold" policy and becoming the core increment for brands.

Ford Recalls 59,006 Vehicles in the United States

On October 16th, according to the disclosure of the National Highway Traffic Safety Administration (NHTSA) in the United States, Ford is recalling 59,006 vehicles in the country. The engine block heater may short - circuit and cause a fire. This recall involves some models such as the 2016 - 2019 Lincoln MKC, 2016 - 2023 Explorer, 2019 - 2020 Fusion, and 2019 - 2024 Ranger. (Jiemian)

TSMC expects fourth-quarter sales to be between $32.2 billion and $33.4 billion

Goldman Sachs analysts pointed out in a report that over the next decade, the yields of 10-year U.S. Treasuries, 10-year German government bonds (Bunds), and 10-year Japanese government bonds are expected to rise. Specific forecasts show that the yield of 10-year U.S. Treasuries will reach 4.5% in 2035, compared with the current 4.029%; the yield of 10-year German government bonds will reach 2.75%, compared with the current 2.569%; the yield of 10-year Japanese government bonds will reach 2.0%, compared with the current 1.652%. However, the yield of 10-year UK government bonds is expected to decline. (Sina Finance)

Nestle Group: Plans to Cut Around 16,000 Jobs Globally in the Next Two Years

On October 16th, Nestle Group released its financial report for the first nine months of 2025, showing sales of 65.87 billion Swiss francs and an actual internal growth rate of 0.6%. Nestle stated that it will increase its focus on operational efficiency and promote an active business transformation. The company plans to cut around 16,000 jobs globally in the next two years, aiming to achieve annual cost savings of 1 billion Swiss francs by the end of 2027 (doubling the original plan of 500 million Swiss francs). It also raised the total cost - saving target of the "Growth Fuel" plan to 3 billion Swiss francs by the end of 2027 (the previous target was 2.5 billion Swiss francs). (Jiemian)

Yuewen: To Initiate Multiple Business Upgrades and Build the Second Growth Curve of IP Value

36Kr learned that on October 16, the 2025 Yuewen Creation Conference was held in Wuhan Optics Valley. At the conference, Hou Xiaonan, CEO and President of Yuewen Group, announced the upgrade of the "Creation Partner Program" and unveiled four measures to enter the manhua drama market. These include opening up 100,000 high - quality IPs, setting up a 100 - million - yuan creation fund, launching the AIGC tool "Manhua Drama Assistant" to improve adaptation efficiency, and building a full - industrial - chain support system. Meanwhile, Yuewen launched the "Global Fashion Toy Co - creation Program", recruiting the world's top 100 artists and opening up its full - chain industrialization capabilities from design to distribution. In terms of AI capabilities, Yuewen launched the industry's first tool for in - depth understanding of tens of millions of words, "Miaobi Tongjian", and upgraded the "Copyright Assistant" and "Manhua Drama Assistant", covering the entire process from creation, development to adaptation.

Tmall Double 11: 35 Brands Exceeded 100 Million in Sales in the First Hour of Pre-sale

36Kr learned that at 8 p.m. on October 15th, the pre-sale of the 2025 Tmall Double 11 kicked off. In the first hour, 35 brands exceeded 100 million in sales, and 1,802 brands doubled their sales. The number of brands exceeding 100 million in sales, the number of brands doubling their sales, and the number of active users all exceeded those in the same period last year.

The number of items added to the shopping cart in Li Jiaqi's Double 11 live - stream increased by nearly 80% at most

36Kr learned that at 8 p.m. on October 15th, the pre - sale of Tmall's Double 11 officially kicked off. According to data statistics, in the first hour of this year's Double 11 in Li Jiaqi's live - stream, the GMV of items added to the shopping cart maintained a year - on - year increase. Sub - categories such as beauty, mother and baby products, fashion, and food showed significant growth, with the highest increase being nearly 80%.

Didi's 99 Food Delivery Launches in Rio de Janeiro, Serving Two Major Core Cities in Brazil

36Kr learned that on October 14th local time, 99, a subsidiary of Didi, officially announced that its food delivery service under the brand of 99Food would start a trial operation in Rio de Janeiro, the second - largest city in Brazil, as of today. It is understood that Didi announced the restart of its food delivery business in Brazil in April this year. The service began in the first city, Goiânia, in mid - June and was launched in São Paulo, the largest city in Brazil, in August.

Investment and Financing:

"Singrow" Completes Series A Financing of Millions of Dollars

36Kr learned that "Singrow" recently completed a Series A financing of millions of dollars. This round was led by Castle Peak Capital and Finc International, with follow - on investments from existing shareholders such as AgFunder and Ritz Venture Partners. The funds from this round will be mainly used for technology R & D, market expansion, etc.

New Products:

Six Taobao AI Shopping Guides to Be Launched During Tmall Double 11

36Kr learned that six Taobao AI shopping guide applications will be fully launched during this year's Tmall Double 11, including AI Universal Search, AI Product Picker, Snap Search, Category List, AI Virtual Fitting, and AI Shopping List.

Today's Views:

Yuan Duoran, Deputy General Manager of the Shanghai Stock Exchange: Strongly Support Green Investment and Encourage More Green Enterprises to Raise Funds through Stocks and Bonds

On October 16th, at the 2025 Sustainable Global Leaders Conference, Yuan Duoran, Deputy General Manager of the Shanghai Stock Exchange, stated that in the next step, the Shanghai Stock Exchange will strongly support green investment, support and encourage more eligible green enterprises to raise funds through stocks and bonds, including the listing of green projects. At the same time, it will strengthen the sustainable disclosure of listed companies and continuously improve the guidelines for compiling sustainable development reports. In addition, it will also strengthen the construction of the investment side in the sustainable field and deepen international cooperation in the sustainable field, continuously enhancing China's voice in the international sustainable field. (Securities Times)

Goldman Sachs: Yields of 10-Year Treasury Bonds in the US, Germany, and Japan Expected to Rise in the Next Decade, While UK's to Fall

Goldman Sachs analysts pointed out in a report that in the next decade, the yields of 10-year Treasury bonds in the United States, Germany (German federal bonds), and Japan are expected to rise. Specific forecasts show that by 2035, the yield of the 10-year US Treasury bond will reach 4.5%, currently at 4.029%; the yield of the 10-year German Treasury bond will reach 2.75%, currently at 2.569%; and the yield of the 10-year Japanese Treasury bond will reach 2.0%, currently at 1.652%. However, the yield of the 10-year UK Treasury bond is expected to decline. (Sina Finance)

Other Noteworthy News:

State Administration for Market Regulation: Exclusive Labels Should Be Added for Food Delivery Orders from Restaurants without Dine-in Service

The State Administration for Market Regulation has drafted the "Regulations on the Supervision and Administration of Food Safety Subject Responsibility of Third - Party Platform Providers of Online Food Services and Food Service Providers on the Platform (Draft for Comments)" and is soliciting public comments. The deadline for feedback is November 16th. The "Regulations" aim to clearly define the boundaries of responsibilities and rights of platforms, third - party institutions, food service providers on the platform, and entrusted delivery units in terms of food safety. It refines the requirements for platforms in aspects such as reviewing the business qualifications of food service providers on the platform, conducting daily monitoring and spot - checks, and information disclosure, effectively preventing the phenomenon of "ghost food delivery". The "Regulations" clarify the business model of "one license for one store". Food service providers on the platform are not allowed to use the same business license to open multiple online stores on the same platform. It also clarifies the requirements for information disclosure by platform providers. Platform providers should continuously disclose business qualifications. The names of online store signs should be consistent with those of physical stores, and the food pick - up addresses should be consistent with the business premises stated in the business license. At the same time, exclusive labels should be added for restaurants without dine - in service, and regulations are made regarding the display position and page. (CCTV News)