9:00 am Krypton Moment | Shi Yigong responds to the rumor of Yang Zhenning's death; Jensen Huang says NVIDIA's market share in China has dropped from 95% to 0; Multiple banks announce that long-inactive accounts will be cleared.
Today's Hot News Guide
- Just 5 minutes after its launch, the iPhone Air ran out of stock on Apple's official website, and there is no inventory available at Apple retail stores.
- BYD recalls some Tang and Yuan Pro cars, a total of 115,783 vehicles.
- Laopu Gold raises prices for the third time this year and will adjust prices on October 26.
- Dior customer service responds to the presence of chili pepper extract in its lip plumper: A burning sensation upon first use is normal.
- Microsoft announces that it is testing artificial intelligence features in its latest operating system, Windows 11.
Top 3 Big News
Westlake University and Shi Yigong respond to the rumor of Yang Zhenning's death: No official news has been received. Don't spread false information.
Recently, online rumors claimed that Yang Zhenning, an academician of the Chinese Academy of Sciences, a renowned theoretical physicist, and a Nobel laureate, had passed away, which caught the attention of netizens.
In response to the online rumors, a reporter from Hongxing News called Westlake University, where Yang Zhenning serves as the honorary chairman of the board, at around 5:45 p.m. on the 17th. The staff member who answered the phone said, "We have not received any official notice about this news."
At 5:48 p.m. on the 17th, the reporter called Shi Yigong, the founder of Westlake University, to inquire about the authenticity of the rumor. Shi Yigong replied to the reporter, "Don't believe the online rumors. Don't spread false information." (China News Service)
Jensen Huang says NVIDIA's market share in China has dropped from 95% to 0
Recently, Jensen Huang, the founder and CEO of NVIDIA, attended an event organized by Citadel Securities in New York. Huang also mentioned the Chinese market during the conversation. He said that due to U.S. export controls, NVIDIA has completely exited the Chinese market. Its market share in China has dropped from 95% to 0%. "The policies we (the U.S.) have implemented have caused the U.S. to lose one of the world's largest markets." (Caixin Magazine)
Multiple banks announce plans to clean up long - inactive accounts
Recently, multiple banks have successively issued announcements to manage or clean up "long - inactive accounts." The reporter noticed that, taking Industrial Bank as an example, starting from October 15, the bank will conduct daily rolling management of eligible accounts. The new standard stipulates that personal settlement accounts with a balance of less than 10 yuan, no transactions for a consecutive year, and not bound to loans, wealth management products, or third - party depositary services will be included in the management scope, except for social security cards and provident fund cards.
Many rural commercial banks and village banks are also cleaning up similar accounts. However, the identification standards of different banks are not the same. For example, some banks define an inactive account as one with no transactions for six months and a balance of less than 100 yuan. The banks pointed out that if the information of long - unused accounts is leaked, they may be exploited by criminals. Cleaning up "dormant accounts" helps prevent risks such as money laundering and telecom fraud. (The Paper)
Big Companies/Events
Just 5 minutes after its launch, the iPhone Air ran out of stock on Apple's official website, and there is no inventory available at Apple retail stores.
At 9 a.m. on October 17, Apple started pre - sales of the iPhone Air in the Chinese mainland, and it will be officially released on the 22nd. Within 5 minutes after the pre - sales started, the first batch of iPhone Air on the official website was sold out. Currently, there is no inventory available at retail stores, and the delivery time has been postponed to more than a week later. (Sina Tech)
The State Administration for Market Regulation: Establish and implement a reporting system for new - energy vehicle fire accidents by enterprises
On October 17, a relevant official from the Quality Development Bureau of the State Administration for Market Regulation introduced at the 2025 World Intelligent Connected Vehicle Conference that as of September, China had carried out 3,230 vehicle recalls, involving 120 million vehicles. Among them, 652 recalls, involving 63.7886 million vehicles, were affected by the investigations of the State Administration for Market Regulation, accounting for 53.18% of the total number of recalled vehicles. The administration has innovated the recall supervision system by establishing and implementing a reporting system for new - energy vehicle fire accidents by enterprises and a reporting system for vehicle remote upgrades, and piloting a vehicle safety sandbox supervision system. Currently, 19 national standards related to vehicle product safety and recall management have been issued, including key technical standards for vehicle information defects, OTA, and other new technologies. (The Paper)
BYD recalls some Tang and Yuan Pro cars, a total of 115,783 vehicles
36Kr learned that recently, BYD Auto Industry Co., Ltd. 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." Starting from now, BYD will recall 44,535 units of the 2015 Tang series cars produced between March 28, 2015, and July 28, 2017. It will also recall 71,248 units of some Yuan Pro pure - electric vehicles produced between February 6, 2021, and August 5, 2022.
Wang Teng responds to his future plans after leaving Xiaomi: Considering some entrepreneurial projects and taking on new challenges
On October 17, Xiaomi officially announced that the REDMI K90 Pro Max will be released on October 23. Wang Teng, the former general manager of Xiaomi's China market department and the general manager of the REDMI brand, then posted a message to congratulate the product on its success. When asked by a netizen in the comment section, "What are you doing these days, Brother Teng?", Wang Teng responded for the first time, saying, "I'm considering some entrepreneurial projects and taking on new challenges." According to previous reports, Wang Teng was dismissed by Xiaomi in September this year. The notice stated that "he leaked the company's confidential information and had serious violations of discipline and regulations such as conflicts of interest." (IT Home)
Alibaba and Ant Group jointly invest to set up a Hong Kong headquarters
Alibaba Group and Ant Group announced that they will jointly invest $925 million (about 6.6 billion yuan) to purchase 13 floors of commercial office space in One Island South in Causeway Bay to set up their Hong Kong headquarters. Alibaba and Ant Group jointly said that they will take the establishment of the Hong Kong headquarters as an opportunity to further expand their international business and develop globally based in Hong Kong. (Cailian Press)
Laopu Gold raises prices for the third time this year and will adjust prices on October 26
On October 17, Laopu Gold issued a price - adjustment notice, saying that it will adjust the product prices on October 26. The specific price - adjustment details will be subject to the actual marked prices of products in online and offline stores. It is understood that this is the third price adjustment of Laopu Gold this year. Previously, the company adjusted prices in February and August this year, which is in line with its strategy of "adjusting prices 2 - 3 times a year."
Recently, the spot gold price has continuously hit new historical highs. Affected by this, the price of domestic gold jewelry has been rising, approaching the 1,300 - yuan mark. As of October 17, the latest price of Lao Miao's pure - gold jewelry is 1,290 yuan per gram, up 42 yuan per gram from the previous day (1,248 yuan per gram); Chow Sang Sang's is 1,281 yuan per gram, up 36 yuan per gram from the previous day (1,245 yuan per gram); Chow Tai Fook's is 1,279 yuan per gram, up 32 yuan per gram from the previous day (1,247 yuan per gram); and Lao Feng Xiang's is 1,280 yuan per gram, up 35 yuan per day. (Yicai Global)
Trump announces a plan to build an Arc de Triomphe to commemorate the 250th anniversary of the United States next year
On Wednesday (October 15) local time, U.S. President Trump announced at a fundraising dinner in the East Room of the White House that he plans to build an Arc de Triomphe in Washington, D.C., as part of the celebration of the 250th anniversary of the United States in July next year. When asked by a reporter at the scene, "Who is this arch being built for?", Trump pointed to himself and said, "Me." (Yicai Global)
Sam's Club is fined for selling sub - standard scooters and children's products
36Kr learned that according to the Aiqicha App, recently, Sam's (Shanghai) Supermarket Co., Ltd. was fined more than 8,000 yuan and more than 11,000 yuan respectively by the Qingpu District Market Supervision and Administration Bureau of Shanghai for selling sub - standard FILA scooters and Tencel children's three - piece sets.
The court rules that Mengniu's packaging "resembling" Yili's constitutes unfair competition and orders it to pay 5 million yuan in compensation
On October 9, the Higher People's Court of Jiangsu Province made a final judgment in the case of Yili suing Mengniu for packaging and decoration infringement and unfair competition, rejecting Mengniu's appeal and upholding the original judgment. The court found that the packaging of Mengniu's "Selected Pastures" series is similar to Yili's "Golden Classic" series in overall visual presentation, constituting unfair competition. It ordered Mengniu to pay Yili 5 million yuan in compensation and stop using the relevant packaging and decoration. (Legal Daily)
Dior customer service responds to the presence of chili pepper extract in its lip plumper: A burning sensation upon first use is normal.
Recently, a consumer posted on a social platform that after using Dior's lip plumper, their lips felt hot and had a burning sensation. After checking the ingredient list, they found that the product contains "chili pepper fruit extract," which caught the attention of the online community. On October 17, the reporter found that several models of Dior's lip plumper do contain chili pepper fruit extract, which is marked as "other trace ingredients."
Subsequently, the customer service of the official DIOR beauty flagship store said in an interview with the media that the chili pepper fruit extract mainly serves to make the lips look fuller. A burning sensation upon first use is normal and usually fades away in a short time. Since everyone's skin sensitivity is different, the feeling may vary slightly, and it is subject to the individual's actual experience. (Jiemian News)
Hainan Huatie is under investigation after terminating a nearly 3.7 - billion - yuan computing power order
On the evening of October 16, Zhejiang Haikong Nanke Huatie Digital Intelligence Technology Co., Ltd. (stock abbreviation: Hainan Huatie/603300.SH) announced that it received a "Notice of Case Filing" from the China Securities Regulatory Commission on October 16, 2025. The CSRC decided to file a case against the company due to suspected illegal information disclosure.
The announcement said that currently, the company's production and business activities are carried out normally and in an orderly manner. During the investigation, the company will actively cooperate with the CSRC's investigation and strictly fulfill its information disclosure obligations. (Jiemian News)
Xiaohongshu denies that merchants can view the profiles of buyers
Recently, the topic of "merchants can view the profiles of buyers on Xiaohongshu" has sparked discussions. Some netizens are worried about privacy issues, suspecting that merchants can view their personal profiles after placing an order on Xiaohongshu.
On October 17, the official customer service of Xiaohongshu consumers said that the merchant side does not display personal account profile information. A Xiaohongshu merchant also said that they cannot view the profiles of buyers and, like other shopping platforms, can only see the shipping address. (Phoenix Tech)
Prince Andrew of the UK gives up his royal title
On October 17 local time, Prince Andrew, the second son of the late Queen Elizabeth II of the UK, issued a statement through Buckingham Palace, agreeing to give up his title of Duke of York.
In the statement, he said, "After consulting with King Charles III and my immediate family and the wider royal family, we believe that the ongoing accusations against me will interfere with the work of the king and the royal family." Therefore, he will no longer use the title of Duke of York, which was granted by his mother, and other honors, but will still retain his prince status, and his two daughters will also retain their princess status.
In recent years, Prince Andrew has faced increasing pressure due to his relationship with the late sex offender and American billionaire Jeffrey Epstein and has been involved in a series of scandals. However, he reiterated in the statement that "he firmly denies the accusations against him." (CCTV News)
Porsche reaches an agreement on a successor for CEO Oliver Blume
According to Germany's Bild newspaper, Porsche has reached an agreement on a successor for CEO Oliver Blume, who will step down next year, ending the unpopular dual - CEO situation at Porsche and its parent company, Volkswagen Group. Blume, who has led Porsche for 10 years, is facing increasing pressure to give up one of his positions. Both companies are facing major challenges such as tariffs, weak demand in the Chinese market, and high costs of the transition to electric vehicles. (Sina Finance)
The subsidized price of 53 - degree Moutai Feitian drops below 1,700 yuan
Recently, with the start of the "Double 11" promotion, the post - subsidy prices of famous wines on multiple e - commerce platforms have shown a downward trend again. The post - subsidy price of 53 - degree Moutai Feitian on some platforms has dropped below 1,700 yuan per bottle, and the price of Fenjiu Qinghua 30 has even dropped below 700 yuan per bottle. The prices of many famous wine brands are lower than the market wholesale price. (Shangguan News)
Ongoing Listings
CSG Digital
36Kr learned that the China Securities Regulatory Commission recently issued an approval for the initial public offering and registration of Southern Power Grid Digital Grid Research Institute Co., Ltd., agreeing to the company's application for listing on the Growth Enterprise Market.
Enlight Biopharm
36Kr learned that Enlight Biopharm - B announced that its board of directors resolved on the day to propose the issuance of RMB shares and listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange. This is subject to market conditions, further approval from the board of directors, approval from shareholders at the company's general meeting, and approval from the necessary regulatory authorities.
Haid Group
36Kr learned that Haid Group announced that it plans to spin off its subsidiary, Haid Holdings, for listing on the main board of the Hong Kong Stock Exchange. After the spin - off is completed, the equity structure of Haid Group will not change significantly, and it will maintain absolute control over Haid Holdings in the long term. Haid Holdings will focus on independently operating feed, seedling, and animal health businesses in Asia (excluding East Asia), Africa, and Latin America in the future.
Hanwei Technology
36Kr learned that Hanwei Technology announced that in order to deepen its global strategic layout, accelerate the development of its overseas business, enhance its international brand awareness, and build a diversified capital operation platform to further improve the company's capital strength and comprehensive competitiveness, the company plans to plan for the overseas issuance of shares (H - shares) and apply for listing on the main board of the Hong Kong Exchanges and Clearing Limited (hereinafter referred to as the "Hong Kong Stock Exchange") (hereinafter referred to as "this issuance of H - shares and listing"). The company is discussing the relevant work of this issuance of H - shares and listing with relevant intermediary institutions, and the details of this issuance of H - shares and listing have not been determined.
Lakala Payment
36Kr learned that according to documents from the Hong Kong Stock Exchange, Lakala Payment Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with CSC International as the sole sponsor.
Cutting - Edge AI
"AI Godmother" Fei - Fei Li releases a real - time generative world model that can run on a single